This session explores developments in China, as well as the most pressing issues facing the continent.
Navigate reward challenges in China. China's economy is now entering a new phase of development – with slower but more stable growth. In 2016 the government announced its 5-year plan which focuses on the quality of growth while still achieving a “moderately prosperous society” by 2020. Despite this slowdown, Chinese salaries are still on the rise - even with inflation projected to rise from 2.2% to 2.5% in 2017. Chinese salaries still have the 4th highest real increase of any country in the world. At the same time, China’s external development strategy linking the country with Africa, Asia and Europe is aimed at increasing China’s global competitiveness.
China’s perception as a world leader in low-cost manufacturing is already shifting and there’s now a clear focus on innovative industries - increasing the demand for high skilled workers, for which there is huge competition in the labor market.
Watch now to find out: What impact China’s macroeconomic trends will have on people and reward management. Pay market movements, leading and emerging industries and China’s “hot jobs”. How companies differentiate pay for key talent with stronger bargaining power.
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