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#31  May 24, 2013    email version


Calculation of Economic Compensation and Compensation


If the working period of the employee extends before and after January 1st, 2008, how to calculate the economic compensation and compensation for different time slots?

雇佣动态 / Employment Express
  • 国务院:高校毕业生招聘禁止设年龄户籍等限制

    State Council: It Is Prohibited Setting Age, Hukou and Other Limitations on Recruitment of College Graduates


    General Office of the State Council today released the Circular on the Efforts in Promoting the Employment of College and University Graduates Nationwide for 2013, stating that employing units are prohibited from setting restrictive requirements such as graduating college, age and hukou when recruiting college and university graduates.

  • 24项外商投资外汇管理法规废止

    24 Foreign Exchange Management Regulations Regarding Foreign Investment Are Repealed


    The Notice of the State Administration of Foreign Exchange on Issuance and Printing and Supporting Documents recently promulgated by the State Administration of Foreign Exchange abolished 24 regulations concerning the foreign exchange management for foreign direct investment, mainly involving procedures and policies for foreign exchange registration, account opening and use, capital receipt, payment and settlement, etc.

  • 教育部:今年高校毕业生创历史记录

    Ministry of Education: College Graduates This Year Hit a New Record


    Data released by the Ministry of Education shows that, this year's college and university graduates are expected to hit 6.99 million, a 190,000 increase compared with 2012, the largest number since the founding of the People's Republic of China. By May 1, signing rate for students graduating from colleges and universities located in Beijing is 33.6%.

  • 广州调整工伤失业保险缴费基数

    Guangzhou Adjusts the Contribution Baseline for Work-related Injury Insurance and Unemployment Insurance


    On May 1, 2013, Guangzhou's minimum wage standard for enterprise workers are adjusted to RMB 1,550. As a result, the contribution baseline for work-related injury insurance and unemployment insurance is correspondingly adjusted from RMB 1,300 to RMB 1,550 accordingly.

  • 香港连续第11年获选两岸四地最具竞争力城市

    Hong Kong Is Elected the Most Competitive City in Cross Strait Two Coasts and Four Places for 11 Consecutive Years


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  • 2.5%


    Data of National Bureau of Statistics of China indicates that in 2012, the average annual wage for employees working in non-private and private units is RMB 46,769 and 24,556 respectively, with the growth rate decreased respectively by 2.5% and 2.1% compared with 2011.

  • 4


    Statistics on wages of workers released by the National Bureau of Statistics of China reveal that the income gap between different industries is slightly narrowed: the ratio between industry with highest per capita annual wage and that with lowest per capita annual wage is 4:1. However, wages still vary significantly with region, industry and post.

  • 36.3%


    A survey conducted by Ciming Checkup Management Group on over 220,000 workers in China's 11 cities indicates that, 36.3% of the surveyed work 9-10 or even more hours each day, while more than three-fifths think that overtime work has become normalized.

  • 3


    The National Recreation Survey Report released by China National Tourism Administration shows that, the idle time for Chinese nationals during workdays is only 3 hours, far below 23.9%—the average value for 18 member states of Organization for Economic Cooperation and Development. When it comes to paid leave, Mainland China ranks the lowest among the 39 surveyed countries and regions.

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