One of the biggest hurdles in the recruitment process is that of deciding the most appropriate compensation for the candidates. The factors, on which this decision is based, vary from one economy to another. Hence it is not surprising that the executive compensation in China is still significantly different from the executive compensation offered in other countries across the globe.
Prominent Changes In Chinese Economy
Over the past several decades, the Chinese economy has undergone a transformation from being a centrally planned economy to being a market-oriented one. The rapid market growth has contributed significantly towards the country’s GDP growth, which is expected to surpass the GDP of USA in 2018.
Typical Components Of Executive Compensation In China
However, as the experts from the top executive search firms in China have observed, using the performance based system for determining the right pay might not be that easy. This is because this system depends largely on the ability of an organizatio
