Human Resources Report to China Luxury Industry.docVIP

Human Resources Report to China Luxury Industry 　　Talent is commonly believed to be a key driving force in economic development. As a result， talent development seems to draw the most attention when the economy is evaluated. For the first time， The Fortune Character Institute studied the China luxury market from a human resources perspective， and launched 2013 Human Resources Report to China Luxury Industry through collaboration with DHR . 　　There is no doubt that the luxury industry offers one of the highest salary rates. According to the Human Resources Report to China Luxury Market， 50% of industry practitioners have an average monthly salary of 5，000 to 10，000 RMB， who are mostly experienced in-store sales staff. Similarly， 26% has an average monthly salary of 10，000 to 20，000 RMB， and this group is likely to include store managers or junior operations managers. Those that have an average monthly salary of more than 30，000 RMB are at director level or above， who make up 3% of total employees. Also mentioned in the report is that although few， top management of major brands in China （known as the “golden collar”） are on average being paid for 150，000 RMB per month or 1.5 million to 2 million RMB per year. They also receive bonus or commission depending on performance. The report believes that professional buyers， store managers， customer service managers， maintenance and professional market analysts are the top five occupations that have the best potential for generating a pay rise. 　　The study has concluded that luxury industry practitioners are on average quite young （born in the 70’s or 80’s）. Most of them have an excellent education background and make the luxury industry a talent intensive sector. For example， over 80% of store staff have bachelor degrees or above. It is worth mentioning that the luxury industry is the most attractive to graduates from top institutes， overseas graduates， “the affluent 2nd generation” and “the officiallings”， who are l