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Guangdong Increases Minimum Wage by 21%

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Created 19/03/2010 - 9:11am

News [1]

Guangdong Increases Minimum Wage by 21%

by CFO Innovation Staff, 19 March 2010
topics:
Compensation and Benefits [5] Human Capital Management [6] Management [7]
tags:
income gap [8] labour shortage [9] manufacturing industries [10] minimum wage [11]
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The Guangdong Labour and Social Security Bureau will raise the average minimum wage in the province by between 19.5% and 24.5% beginning this May, reports the South China Morning [12]

Post [12].

 

The Post says the increase aims to contract the income gap and alleviate the labour shortage that has been giving problems to the province's manufacturing industries for more than a decade.

 

The announcement, however, is not good news for factory owners. The Federation of Hong Kong Industries says the wages had been increased beyond expectations, adding that the rise would mean additional financial burden to employers and could exhaust the competitive advantage of some labour-intensive industries, says the Post.
 

Original Article URL: 
Guangdong minimum wage rises 21pc [13]
Orignal Author: 
CFO Innovation Staff
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Original Article URL:
Guangdong minimum wage rises 21pc [13]
[14]
[14]

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[3] http://www.cfoinnovation.com/print/1009
[4] http://www.digg.com/submit?url=http://www.cfoinnovation.com/content/guangdong-increases-minimum-wage-21
[5] http://www.cfoinnovation.com/topic/2257/Compensation and Benefits
[6] http://www.cfoinnovation.com/topic/2285/Human Capital Management
[7] http://www.cfoinnovation.com/topic/2301/Management
[8] http://www.cfoinnovation.com/tag/income gap
[9] http://www.cfoinnovation.com/tag/labour shortage
[10] http://www.cfoinnovation.com/tag/manufacturing industries
[11] http://www.cfoinnovation.com/tag/minimum wage
[12] http://www.scmp.com
[13] http://www.scmp.com/portal/site/SCMP/menuitem.2af62ecb329d3d7733492d9253a0a0a0/?
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