Data:2009-12-12 2:34
Category: Money tips Release Date: 2007-02-26
Beijing's state-owned monopoly industries workers pay increases this year will not exceed 10.5%. The news was announced yesterday from Beijing Labor and Social Security Bureau.
Beijing Municipal Labor and Social Security Bureau yesterday released the Beijing 2006 enterprise wage guidelines. Guiding this year's line is mainly constituted by three lines: First, the baseline for the highest average wages of workers grew by 10.5%, which is aimed at normal production and operation of the enterprise; second is on-line (also known as the Early Warning Line), for the highest average wage of workers growth of 15.5%. For 2004, 2005, effective rapid growth enterprises in line with "the growth in total wages lower than the economic growth, real growth in average wages lower than the labor productivity growth" generally should not break under the principle of on-line; 3 is offline, the average wage for enterprise workers, compared with the previous year of zero growth or negative growth, mainly applied to low economic returns, or loss-making enterprises, but enterprises to pay wages of workers in normal work can not be less than the city minimum wage.
According to the Ministry of Labor and Social Security, the guiding line of the principle of a monopoly industry, enterprises and state financial subsidies to state-owned and state holding enterprises, workers should not break the average wage growth rate of the baseline, meaning that wages of workers in Beijing's state-owned monopoly industries or should not exceed 10.5%.