Labor Cost
In the Yangtze Delta, Wuxi has a much lower labor cost than Nanjing, Shanghai or other cities. On average, laborers in Wuxi New District have an annual salary of 40,000-60,000 yuan, and those with higher professional skills are paid 90,000-160,000 yuan a year.
Average Annual Salary in Wuxi New District | |
Position |
Average Annual Salary(Yuan / Person · Year) |
Decision Makers |
850,541 |
Senior Managers |
486,504 |
Operating Managers |
291,717 |
Senior Professional Staffs |
160,834 |
Professional Staffs |
88,876 |
Primary Operators |
63,620 |
Operators |
45,540 |
Social Insurance Cost
In China, employers must pay a percentage of employees’ wages as social insurance. This includes endowment insurance, medical insurance, unemployment insurance, employment injury insurance, maternity insurance and housing funds. According to the law, the social insurance paid by the enterprises in Wuxi New District accounts for about 39-43% of the total amount of employees’ salary.
Paid by employer
Endowment insurance 20%
Medical insurance 7%
Unemployment insurance 1.5%
Employment injury insurance 1.6%
Maternity insurance 0.9%
Housing provident fund 8-12%
Paid by employee
Endowment insurance 8%
Medical insurance 2%
Unemployment insurance 0.5%
Housing provident fund 8-12%
Note: The payment rates of employees and units for the housing fund remain the same (8%-12%) , the actual rates can be decided on by the employing units according to the actual situation.
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