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Is this a reasonable salary package?

I am working with a US MNC and they are offering me the following to go to Beijing. Pls let me know if this is a reasonable package?

- Base RMB55,000/mth
- Annual Bonus RMB55,000/yr (confirmed)
- Housing allowance RMB10,000/mth
- Transport allowance RMB 5,000/mth
- Relocation expense RMB55,000 (one-off)
- Repatriation expense RMB 55,000 (one-off)

I will be working in Chaoyang area, near the WTC. Can I get a good apartment at RMB10,000? Thanks.

Re: Is this a reasonable salary package?

What's your position?

Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats."

Re: Is this a reasonable salary package?

Staffing Manager

Re: Is this a reasonable salary package?

895k/year to handle staffing? that's ~$USD125k/yr.

to put things into perspective, you can live like a king on 15k RMB/m.

the average chinese makes less in a year what you'd be making in a month.

in terms of cost of living, you could blow 300k on living and blow and whores, and still have $USD80k going home.

"if you say it to an angry Chinese in the face..I'm pretty sure you will get beaten up in the mouth..." - mjie

Re: Is this a reasonable salary package?

Don't know what the staffing manager job will involve, but maybe you will have to work harder for your money here.

On the other hand, I get paid quite a lot for pissing around on internet forums most of the time.

Re: Is this a reasonable salary package?

Will you be coming here alone?

Are you sure it's 55,000 rmb per month?

You could have a great life here...no question.

You could eat out everyday at nice restaurants, be chauferred anywhere you want to go and basically live the life of a king.

good luck

Stopping at third base adds no more runs than striking out.

Re: Is this a reasonable salary package?

Basically, I'll be helping to recruit talents for my company.

Good to know that the package is reasonable.

Re: Is this a reasonable salary package?

dince wrote:
I am working with a US MNC and they are offering me the following to go to Beijing. Pls let me know if this is a reasonable package?

- Base RMB55,000/mth
- Annual Bonus RMB55,000/yr (confirmed)
- Housing allowance RMB10,000/mth
- Transport allowance RMB 5,000/mth
- Relocation expense RMB55,000 (one-off)
- Repatriation expense RMB 55,000 (one-off)

I will be working in Chaoyang area, near the WTC. Can I get a good apartment at RMB10,000? Thanks.

At the first look, it sounds reasonable (in absence of the detailed job description). What is with tax paying? How long will you stay here - more than 183 days a year?

Not knowing your life-style, but normally by getting this package from your company, I asume, your life-style will not be a student-life! So, I also know, that a real good apartment in this area, you will not get for 10,000 RMB (means 2 or 3BR). Real good ones are starting at 12,000 RMB/month. Considering that you will do something for your health, 500 RMB clubfee per month should also provided.

Depending on the length of your stay in China and how you will rent an apartment, means, buying your own furniture etc. the repatriation expense will be too low, to take back all your belongings.

In general, the package is a good ones and you can save a lot of money during your stay here!

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Re: Is this a reasonable salary package?

I disagree with disappointed. Although there are apts in the area for upwards of 20,000 and more per month, he can get an exceptionally nice furnished apt easily for 10,000 and less.

Why does it matter if he will be here for more than 183 days per year?

Disappointed is contradicting himself saying you cant get an apt for that much and you'll need extra money for this and that but then he says you can save a lot of money. It's crap. You're monthly income will far exceed what you could possibly spend every month that the rest doesn't even matter.

Will you be renting an apt for just one person?

Stopping at third base adds no more runs than striking out.

Re: Is this a reasonable salary package?

That's a pretty nice package. You can live quite well on that and you can EASILY find an apartment within 20 minutes leisurely walk from WTC for well under RMB10k/month. Come on in...the water's fine.

Cheers,

Re: Is this a reasonable salary package?

jensun5 wrote:
I disagree with disappointed. Although there are apts in the area for upwards of 20,000 and more per month, he can get an exceptionally nice furnished apt easily for 10,000 and less.

Why does it matter if he will be here for more than 183 days per year?

Disappointed is contradicting himself saying you cant get an apt for that much and you'll need extra money for this and that but then he says you can save a lot of money. It's crap. You're monthly income will far exceed what you could possibly spend every month that the rest doesn't even matter.

Will you be renting an apt for just one person?

Exactly this is the matter, 2 or 3 br and really nice with everything will go easily to 12,000 RMB per month. The 183 days matter is based on the double taxation agreement between two countries. More than 183 days here in China, you have to pay tax here, otherwise in your home country.

And, no contradiction!!

Appartment: 12,000 RMB
Clubfee: 500 RMB
Tax, if China: 11,685 RMB

TOTAL: 23,185 RMB

Income: 55,000 RMB
Transport: 5,000 RMB
Housing: 10,000 RMB
TOTAL: 70,000 RMB

Balance: 46,815 RMB
Food, drinking: 10,000 RMB

Monthly surplus: 36,815 RMB

Then taking something for water, gas, electricity and buying some staff (all foreigners are doing this the first months, when entering China).

Easy savings per month: 30,000 RMB!

For me, this amount is a big saving per month! Maybe for you not! I only have discussed, that some matters maybe more expensive than expected and others are lower!

__________________________________________

Re: Is this a reasonable salary package?

Fine Dis...but I think we pretty much agree. I just know that he can find a very nice furnished apt for 10,000 easily. He just wants to know if this is a good package...I don't think he needs to live like Donald Trump. I don't know why anyone would pay over 10,000 per month on an apt. anyway. He's lucky he will be able to come here and have a place to live that doesn't cost him half or more of his salary which is unfortunately what I have had to do in the past before I came here.

Stopping at third base adds no more runs than striking out.

Re: Is this a reasonable salary package?

Guess U soon will read this:
Sweet, cute, curvy, beautiful, open-minded sexy Beijing Girl is seeking a Staffing Manager for Marriage! Laughing Laughing Laughing

Herr, lass es Hirn regnen!

Re: Is this a reasonable salary package?

Lion65 wrote:
Guess U soon will read this:
Sweet, cute, curvy, beautiful, open-minded sexy Beijing Girl is seeking a Staffing Manager for Marriage! Laughing Laughing :lol:

....maybe he has met yesterday Thatsgirl........therefore she was sooooooo in love with him............ Tongue Tongue Tongue

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Re: Is this a reasonable salary package?

jensun5 wrote:
Fine Dis...but I think we pretty much agree. I just know that he can find a very nice furnished apt for 10,000 easily. He just wants to know if this is a good package...I don't think he needs to live like Donald Trump. I don't know why anyone would pay over 10,000 per month on an apt. anyway. He's lucky he will be able to come here and have a place to live that doesn't cost him half or more of his salary which is unfortunately what I have had to do in the past before I came here.

Agreed!!

PS: For my part, I would prefer Mrs Trump!! Tongue Tongue Tongue

__________________________________________

Re: Is this a reasonable salary package?

Thanks all for your candid comments. I'll be coming over with my wife. Smile
Probably we can meet for coffee or drinks when I am there, 1st April.

Saw a few places and Jian Wai SOHO looks like a good place. Easily 8000RMB for accomodation there. What do you guys think?

Re: Is this a reasonable salary package?

What US company pays that much money to a "staffing manager"? That doesn't sound like work that requires any special skills or education to me. I want to work for this company...before it goes belly-up because of too much overhead.

You got Blitzered

Re: Is this a reasonable salary package?

dince wrote:
..... I'll be coming over with my wife. Smile

Things can change very quickly here..... Laughing Laughing Laughing Laughing

Quote:
Probably we can meet for coffee or drinks when I am there, 1st April.

Hope this is not a 1st-April-Joke........... Laughing Laughing hundreds and thousands of forum members will join you for coffee!

The place for your new apartment should be very close to your office, because traffic sucks like hell (especially in this area and also to the office opening/closing times)

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Re: Is this a reasonable salary package?

dince wrote:
Saw a few places and Jian Wai SOHO looks like a good place. Easily 8000RMB for accomodation there. What do you guys think?

Jianwai Soho has a couple of very nice apartments - try to get one with a rooftop terrace! Quality is good although the developer's urge to have everything painted in white makes part of the buildings look shabby already. Make sure you have a good look at the position of the apartment because I've experienced that in some of them you feel over-exposed to those huge window facades of the surrounding towers and you'd have to close your curtains all day.

You might want to consider Season's Park, too - although it's not exactly CBD, you get there quite quickly and it's a fine neighbourhood. I would estimate the apartments' quality as slightly higher than Jianwai Soho.

FXZL - Up-to-date visa Information for China
fxzl.blogspot.com

Re: Is this a reasonable salary package?

The package is OK. Not fantastic, but not poor either. You'll be able to live a normal expat lifestyle, probably still flying economy class to holidays, etc. I disagree with some of the comments about living like a king here and a big jump in quality of life.

If you're into hold'em poker, lemme know.

Re: Is this a reasonable salary package?

@Dince: Unless I missed it in your earlier post, I think this begs the question of how the new offer rates against your current salary package from wherever you are moving from. If they are asking you to take a cut, then I would seriously think over if this is a decision you and your family wish to make. If it's above and beyond your current, then that is terrific. Hopefully you'll find BJ a place that you could easily adjust to. The current package you've shown is reasonable and worth consideration. You'll live comfortably on that package, but might still have to watch the long-term savings account a little depending on your financial needs for the future.

I'm looking for a job. Maybe you can help me :oops:

Re: Is this a reasonable salary package?

@dince:

Congratulations! You're filthy rich!

"They say that imagination is more powerful than knowledge" - Ray Liotta

Re: Is this a reasonable salary package?

such a high salary is completely out of the chinese market.
it's clear the manager approving such an offer knows jack about china.
i see absolutely no reasons to pay a simple staffing manager 20x times the average chinese fee : where's the return on investment ?

said that, with 55.000 rmb month you'll be filthy rich in BJ so welcome to the 'jing.

Re: Is this a reasonable salary package?

Screwgle wrote:
i see absolutely no reasons to pay a simple staffing manager 20x times the average chinese fee : where's the return on investment ?

tru dat, screwgle.

OP, in other words, maybe you're pulling this forum's collective leg...?

"They say that imagination is more powerful than knowledge" - Ray Liotta

Re: Is this a reasonable salary package?

okyjace wrote:
The package is OK. Not fantastic, but not poor either. You'll be able to live a normal expat lifestyle, probably still flying economy class to holidays, etc. I disagree with some of the comments about living like a king here and a big jump in quality of life.

A NORMAL expat lifestyle??? Is that how most of the foreigners here in beijing live?!?!? Geez... that's a LOT of freakin money.

And no I'm not a student. Right, I'm not an expat either... I'm one of those half-pats or whatever they're calling people like me. Thinking

I'd do almost anything for a year here for that salary. Any other positions open? Perhaps they'd like an on-site english teacher to help with the chinese employees? Teach them english.... correct their emails & notices....

Main Chinese site for donating blood in Beijing:
http://www.bjblood.com/index.html
~~~~~~~~~~~~~~
"Hope you had moments of giggle."{~Timcat}

Re: Is this a reasonable salary package?

$USD125k salaries are enormous even by western standards.

a starting lawyer makes 65k. 85k if he's defense.

a general practitioner in Canada makes between 95 and 130k.

to work HR for a multinational for a doctor's salary is exceptional by our standards and you'd live exceedingly well in the west with that, so anyone who is telling you that almost RMB 900k/yr isn't living like a king is talking out their ass.

"if you say it to an angry Chinese in the face..I'm pretty sure you will get beaten up in the mouth..." - mjie

Re: Is this a reasonable salary package?

silence wrote:
$USD125k salaries are enormous even by western standards.

It REALLY depends on where you live. For example in New York City, that is not considered a very high salary at all. It's OK, but not enough to save any money. If the person posting is living in a large/expensive city, $125k might just be the going rate for their position. Hell, property taxes alone on an average sized home in the NYC suburbs can approach US$20k/year. Then there's federal income tax, state income tax, city income tax, sales tax on practically everything, etc. One of my uni classmates is a relatively higher up HR person at a multinational financial institution in NYC (not the top of the totem pole, but reasonably close). She makes US$275k/year plus a pretty fat bonus (when the company makes money) and other nice fringe bennies. Plus a number of firms offer financial incentives to expats who are willing to be posted in developing countries.

Cheers,

Re: Is this a reasonable salary package?

Quote:
What US company pays that much money to a "staffing manager"? That doesn't sound like work that requires any special skills or education to me. I want to work for this company...before it goes belly-up because of too much overhead.

Despite what V says, thats still a ridiculous amount for a staffing manager in CHINA, expat or not. I just moved here as an engineer from silicon valley and thats a hefty sum even for there.

$275,000 for an HR? I'd bail out of that company's stocks now...do the janitors drive Porches?

Re: Is this a reasonable salary package?

heh, noted V, but NYC has the 5th highest cost of living of anywhere in the world. 125k might be chump change to someone in a loft in manhattan but if you could barely get by on 125k then a great deal of the populace wouldn't be able to live or work there.

take for example, a professorship. we can agree that it's a pretty decent profession that requires 8 years of post secondary education.

an assistant professorship at NYU is worth $38,801 - $67,092/yr. Source

sure it's not working for a financial behemoth like JP MorganChase like your friend does, but surely it's enough to get by comfortably in a city like new york, yes? just maybe not on the downtown east side Wink

"if you say it to an angry Chinese in the face..I'm pretty sure you will get beaten up in the mouth..." - mjie

Re: Is this a reasonable salary package?

Anyone who thinks you can't live a really comfortable life in Beijing for that amount must have some very high expectations for luxury. Of course you can get 2/3 bedroom apartments for 20K a month in some rich a-hole community. If you live in more standard places you could get a really nice, new and very large apartment for 10k a month in good areas. Don't listen to all the toffs used to living in daddy's mansion in New York that tell you you can't. 55k a month is a lot in Beijing, you can live very comfortably. You won't be the richest guy in town but that kind of cash would go a lot further than it would back home.

I love China! 一切反动派都是纸北京猫!!!

Re: Is this a reasonable salary package?

There must be a good reason the company needs an expat to do the job.

Presumably it's an ititial set-up phase or early in the life of the business and they want to make sure things are done according the corporate way. Or maybe there have been past problems which need some fires put out.

Then you have to bear in mind that in a lot of industries/countries Beijing is not seen as a dream posting. Obviously we're all here but those not familiar with Beijing can see it as high risk, difficult and unhealthy (and maybe they're right). There are many places perceived as more attractive. This is especially true the more experienced a manager they need as they more than likely will have family in tow.

So basically now you know you have enough to live in Beijing, the market you should be concerned about is your internal company one. Who else could do it, can you name your price etc? Also obviously if you intend to stay in the company or similar does this enhance your CV and if not are you OK about having a paid "adventure/holiday experience" for a year or two.

A few extra k on the salary and allowances might be a lot for you but will be lost in the overall expat package cost as far as the company is concerned. Depends on your corporate culture and size of peer group I suppose, but in my company you would be expected to haggle (Beijing is the capital of haggling after all!). Screw 'em for some more!

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