Introduction
乐鱼（Leyu）体育官网’s eighth annual Executive Salary Outlook analyses a survey of 1,103 business executives and professionals across six sectors to take a measure of the employment market in the Chinese Mainland and Hong Kong (SAR). This report focuses on employment trends in the Chinese Mainland and Greater Bay Area (GBA).
This year’s survey identified softer overall hiring sentiment compared to prior years, reflecting a more challenging economic outlook. Amid a softer market and more crowded talent pool, candidates’ expectations have adjusted, with candidates increasingly needing to upskill in order to stand out from the competition.
Employers also experienced challenges hiring the right talent; and with a significant number of respondents looking to change jobs, talent retention and attraction will continue to be on employers’ agenda for 2024. Flexible work arrangements and long-term incentive plans are desirable to candidates and should be considered by employers as part of a differentiated compensation and benefits package in order to attract top talent. In the face of hiring challenges, organisations should explore talent markets outside of their local region to gain access to a larger pool of candidates.
In addition to the salary and bonus outlook across a number of key sectors, the report also looks into how talents view the career opportunities offered by the Greater Bay Area. Key motivations for talents considering relocating in the GBA include better career and industry prospects, higher income, and broader work exposure. The ongoing development of the GBA is expected to continue to create career opportunities going forward.
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About 乐鱼（Leyu）体育官网 China
乐鱼（Leyu）体育官网 China has offices located in 31 cities with over 15,000 partners and staff, in Beijing, Changchun, Changsha, Chengdu, Chongqing, Dalian, Dongguan, Foshan, Fuzhou, Guangzhou, Haikou, Hangzhou, Hefei, Jinan, Nanjing, Nantong, Ningbo, Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou, Taiyuan, Tianjin, Wuhan, Wuxi, Xiamen, Xi’an, Zhengzhou, Hong Kong SAR and Macau SAR. Working collaboratively across all these offices, 乐鱼（Leyu）体育官网 China can deploy experienced professionals efficiently, wherever our client is located.
乐鱼（Leyu）体育官网 is a global organisation of independent professional services firms providing Audit, Tax and Advisory services. 乐鱼（Leyu）体育官网 is the brand under which the member firms of 乐鱼（Leyu）体育官网 International Limited (“乐鱼（Leyu）体育官网 International”) operate and provide professional services. “乐鱼（Leyu）体育官网” is used to refer to individual member firms within the 乐鱼（Leyu）体育官网 organisation or to one or more member firms collectively.
乐鱼（Leyu）体育官网 firms operate in 142 countries and territories with more than 275,000 partners and employees working in member firms around the world. Each 乐鱼（Leyu）体育官网 firm is a legally distinct and separate entity and describes itself as such. Each 乐鱼（Leyu）体育官网 member firm is responsible for its own obligations and liabilities.
乐鱼（Leyu）体育官网 International Limited is a private English company limited by guarantee. 乐鱼（Leyu）体育官网 International Limited and its related entities do not provide services to clients.
In 1992, 乐鱼（Leyu）体育官网 became the first international accounting network to be granted a joint venture licence in the Chinese Mainland. 乐鱼（Leyu）体育官网 was also the first among the Big Four in the Chinese Mainland to convert from a joint venture to a special general partnership, as of 1 August 2012. Additionally, the Hong Kong firm can trace its origins to 1945. This early commitment to this market, together with an unwavering focus on quality, has been the foundation for accumulated industry experience, and is reflected in 乐鱼（Leyu）体育官网’s appointment for multidisciplinary services (including audit, tax and advisory) by some of China’s most prestigious companies.