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Nearly half of employees expect a rise in their year-end bonuses
12/12/2005 17:11

Jane Chen/ Shanghai Daily news

Close to half (47 percent) of working people in Shanghai expect rises in their year-end bonuses and a higher proportion (52 percent) expect rises in next year's bonuses, according to a recent survey and as reported in today's Oriental Morning Post.
The Shanghai-based newspaper joined with a local market-consulting firm, Shanghai Searchina Information Consulting Co., Ltd, to conduct the survey of 460 employees.
Female respondents numbered 239 and males 221. Up to 90 percent of the respondents were between the age of 18 and 37, and were drawn mainly from the manufacturing (23 percent), information technology (16 percent) and trade (14 percent) sectors.
Many, or 60 percent, were working in lower-level positions, and nearly a third, or 32 percent, were departmental managers or supervisors. Only 7 percent were in senior positions.
The income-range of the largest proportion of respondents was between 2,001 yuan (US$248) and 3,000 yuan a month, accounting for 35 percent of the total.
As the survey shows, Shanghai's corporations give year-end bonuses most often in cash (81 percent) and occasionally in other ways such as training and travel (2 percent). Companies offering elements of both accounted for 17 percent.
About 35 percent of respondents expect their bonus to be between 2,001 and 3,000 yuan, while 26 percent are expecting below 2,000 yuan. Only 10 percent expect over 10,0001 yuan and 16 percent between 4,001 and 6,000 yuan.
The sums may disappoint, however, as the average expected, at 3,491 yuan, is around 400 yuan less than the average of 3,929 yuan which the respondents felt they deserved.
Despite the gap, only 13 percent of them say they will think about changing jobs if their bonus falls short of their expectations.
Nearly half, or 47 percent, say they will stay where they are but that their enthusiasm for work will be diminished.