Four factors affecting salary increases

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This post was last edited by Thank goodness you're here on 2015-8-12 at 11:22. Many people receive an employee handbook when they start working at a company, and one of the rules stated in it is: do not disclose your own salary to others, nor try to find out others’ salaries. Among white-collar workers, salary is always the most sensitive topic, and people are generally dissatisfied with the current salary levels. Asking the boss for a raise or changing jobs is a tactic used by many white-collar workers to increase their salary. Headhunters believe that the main factors determining the salary of white-collar workers are as follows: Salary goes hand in hand with education level; generally, salaries increase as one’s educational attainment rises. People with a higher level of education and better reading and writing skills usually obtain jobs with higher salaries. The impact of literacy level on income is significant, roughly equal to one-third of the return on education. For every additional year of education, the average annual salary increases by 8.3%. Salary is commensurate with experience; as one gets older and gains more work experience, their salary also increases. The salary of talent is proportional to their experience; those with more experience and who have worked for longer periods receive higher salaries. Salary is related to age. Experts argue that since China’s accession to the WTO, there has been an increase in business interactions with foreign countries, and many new rules and management approaches need to be studied. At the same time, English and computer skills have become more essential tools rather than merely skills; only by acquiring more new knowledge and having the ability to keep up with ongoing changes can professionals, especially senior managers, gain an advantage in the competition for talent. Therefore, the proportion of people aged 30 to 40 among those with middle-to-high incomes will increase rapidly. Salaries increase with successful job changes. As foreign investment grows and market competition intensifies, the job stability of highly skilled professionals will **decrease; there will even be a large number of cases of people changing jobs across different regions, with employment and career selection becoming ongoing processes throughout one’s life. Choosing to change jobs for a higher salary carries certain risks; unless the employer promises a raise, the process for employees to seek a higher salary usually does not go smoothly.