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China

How to continue promoting the trend of 'more skilled workers get more' when the salary of skilled talents increases rapidly?

2024-10-14   

The reporter recently learned from the Ministry of Human Resources and Social Security that the salary distribution system for skilled talents in China has been continuously improved, and the salary level has achieved rapid growth. From 2021 to 2023, the average annual salary of skilled personnel who have obtained certification for advanced skills and above, intermediate skills, and junior skills has increased by 6.2%, 9.6%, and 7.7% respectively, faster than that of management personnel and engineering and technical personnel at all levels. The relevant person in charge of the Labor Relations Department of the Ministry of Human Resources and Social Security introduced that in accordance with the requirements of the Party Central Committee and the State Council, the Ministry of Human Resources and Social Security has taken the lead in issuing a series of documents to promote the independent evaluation of skill levels by enterprises in various regions and support skilled talents to improve their skills and salaries. Each region also formulates supporting policies and measures based on its own industrial planning and talent structure characteristics. The reporter learned that the "Regulations on the Development of Skilled Talents in Guangdong Province", which will come into effect in July 2024, provide strong legal guarantees for the training, use, evaluation, and motivation of skilled talents. In 2023, Zhejiang Province will release wage price information for 153 occupational sub categories of skilled talents and 51 categories of digital vocational practitioners to the society, providing reference for enterprises to reasonably determine the salary and benefits of skilled talents. Jiangsu Suzhou Industrial Park has released wage prices and guidelines for three strategic emerging industry segments, including biomedicine, nanotechnology applications, and artificial intelligence. Skills oriented incentives strive to achieve more rewards for those who work harder, those with advanced skills, and those who make outstanding contributions, fully stimulating the growth momentum and innovation vitality of talents, and having a positive effect and impact on workers, enterprises, and society Wang Xia, Director of the Wage Income Regulation Research Office at the Chinese Academy of Labor and Social Security Sciences, said. According to the salary survey data of enterprises, the salary of some high skilled talents has reached a relatively high level. In 2023, the 90th percentile salary for high skilled talents nationwide will reach around 170000 yuan, exceeding 75% of middle-level managers. In addition to salary income, some high skilled talents can also participate in corporate equity incentives and share dividends based on their skill elements and actual contributions. Skilled talents are an important force supporting China's manufacturing and creation. At present, the total number of skilled talents in China has exceeded 200 million, accounting for over 26% of the total employed population; There are over 60 million highly skilled talents. How to continuously promote the concept of 'more skilled people get more'? Wang Hong, a researcher at the Wage Income Regulation Research Office of the Chinese Academy of Labor and Social Security Sciences, stated that based on the actual situation in China, a skill oriented salary distribution system has not yet been fully established. The mechanism of skill elements being evaluated by the market and determining compensation based on contribution still needs to be further improved. The problems of insufficient total skilled talent, suboptimal structure, mismatched technical positions, and overall salary level that needs to be improved have not been fundamentally solved. At the beginning of 2024, the Ministry of Human Resources and Social Security and seven other departments jointly released the "High skilled Leading Talent Cultivation Plan", aiming to cultivate more than 15000 new leading talents and drive about 5 million new skilled talents within about 3 years. Enterprises can reward leading talents who have made outstanding contributions in technological innovation or technological breakthroughs in various forms such as bonuses and equity from the profits obtained from the transformation of achievements. In order to highlight incentive guarantees and enhance the attractiveness of skilled employment, the "Opinions of the Central Committee of the Communist Party of China and the State Council on Implementing the Employment Priority Strategy to Promote High quality and Full Employment" released in September 2024 clearly requires "dynamic release of salary price information for skilled talents, guiding enterprises to gradually improve the salary and benefits of skilled talents". The person in charge of the Labor Relations Department of the Ministry of Human Resources and Social Security stated that in the next step, in accordance with the deployment of the Third Plenary Session of the 20th Central Committee of the Communist Party of China, we will further deepen the reform of the salary distribution and long-term incentive system for skilled talents, fully leverage the decisive role of the market in resource allocation, better play the role of the government, and enhance the supply of salary incentive policies and systems for skilled talents based on the characteristics of production organizations in new fields and tracks. (New Society)

Edit:He Chuanning Responsible editor:Su Suiyue

Source:Xinhua

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