BEIJING, Jan. 15 (Xinhua) -- Most Chinese employees are expected to receive a year-end bonus, but more companies are holding back on the amount, Tuesday's China Daily reported.
Forty-six percent of enterprises responding to a national survey said they will increase the amount of annual bonuses for employees over last year - adding up to 10 percent, the newspaper quoted figures from a report released by CIIC HR Management Consulting.
But last year, about 57 percent of the enterprises surveyed said they would increase the payouts.
Roughly 40 percent of enterprises said they would pay the same amount in year-end bonuses as they did the previous year. The remaining 15 percent will cut their year-end bonus budget.
Ninety-three percent of the enterprises surveyed said they would give employees year-end bonuses before the Chinese New Year holiday in early February. That was slightly less than the 96 percent who said so last year.
Among various industries, the average year-end bonus in finance is the highest - more than 40,000 yuan (5,850 U.S. dollars) - followed by the real estate, high technology, internet, sales/trade and auto sectors. Those ranged between 24,000 yuan and 31,000 yuan.
But the report said the amount of year-end bonuses in finance, real estate, internet, auto and manufacturing is generally down this year because of declining industry performance.
The report was based on a nationwide survey of 674 enterprises in late November. Two-thirds of them were based in big cities - Beijing, Shanghai, Guangzhou and Shenzhen.
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