Foreign companies setting up shop in China are confident that they can afford to hire the best local talent by paying higher than normal local wages. In recent years, foreign employers have set in motion significant salary inflation among managerial job candidates, even as the number of experienced local talent grows. As a result, foreign employers may be in for a surprise when dealing with compensation issues in the nation.
The key to a successful experience, stresses Laura W. Young, is to manage employee expectations. Staying on top of salary trends and job market is fundamental to that effort.
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