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Non-state Enterprise Managers Receive High Earnings
The income of non-state-owned enterprise managers has grown faster in recent years than that of state-owned enterprises, according to a latest survey.
The survey shows that incomes of enterprise executives still take the form of monthly salary and bonus as the mainstay, accounting for 80 percent of the total. Others forms such as stock options, annual salary and the risk mortgage contractual system make up 22 percent, 18 percent and 11 percent, respectively.
Eighty-nine percent of enterprise managers earn less than 100,000 yuan (12,050 US dollars) a year. Among them, 41 percent earn less than 20,000 yuan, 27 percent, between 20,000 yuan and 40,000 yuan, and 19 percent, between 40,000 and 100,000 yuan a year.
Twenty-one percent of managers of non-state-owned enterprises, listed companies and high-tech companies earn more than 100,000 yuan annually. By contrast, 50 percent of state-owned enterprise managers and 57 percent of managers of enterprises in central and west China earn less than 20,000 yuan per year.
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