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Articles: News | MNCs prefer India to China
- Mr. Ravi Kumar Sunkara
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China was now 'acclaimed as the world's preferred manufacturing hub... companies are increasingly looking to outsource their back-office operations to these countries to reduce overheads'.
Annual salaries of Indian project managers averaged $10,039 compared with $23,409 in China. The pay of Chinese financial analysts, at $13,194, also outstripped Indian salaries of $8,408 for the same job.
Living costs in Chinese cities were much higher than in India and 'compensation levels of over 100 percent of Indian pay levels' were abundant in Beijing, 'particularly for senior level marketing, IT, human resources and logistics positions', the study said.
Chinese pay was higher for 95 percent of the 42 jobs considered in the study. But pay differentials were 'less stark at lower levels'.
Mercer said wage costs were only one factor that needed to be considered when deciding where to outsource operations. Companies also needed 'to weigh up other operational costs, as well as factors such as proximity to markets to determine the most cost-effective option'.
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