Many provinces have once again raised the minimum wage!

10 months ago 199

In 2024, several provinces including Hebei, Guizhou, Jiangsu, Zhejiang, and Henan have raised their minimum wage standards, sparking a wave of competition!According to The Paper, Hebei has raised its monthly minimum wage standards to three tiers: 2200 yuan, 2000 yuan, and 1800 yuan, starting from January 1st of this year; Guizhou has raised its monthly minimum wage standards to three tiers: 1890 yuan, 1760 yuan, and 1660 yuan, starting from February 1st. Compared to the previous standards, these two provinces have increased their various standards by 90-300 yuan.According to the notice released by the Jiangsu Provincial Department of Human Resources and Social Security, the province's minimum wage standards have been adjusted as follows: 2490 yuan for the first category of areas, 2260 yuan for the second category of areas, and 2010 yuan for the third category of areas. The minimum wage standards for non-full-time employment are as follows: 24 yuan for the first category of areas, 22 yuan for the second category of areas, and 20 yuan for the third category of areas. Compared to 2021, these adjustments have resulted in increases of 210 yuan, 190 yuan, and 170 yuan for the first, second, and third categories, respectively.Currently, Jiangsu's highest tier of minimum wage standards ranks second in the country, tied with Zhejiang, only behind Shanghai's 2690 yuan.Now let's take a look at the situation in Zhejiang Province. The monthly minimum wage standards are as follows: 2490 yuan for the first tier, 2260 yuan for the second tier, and 2010 yuan for the third tier. After the adjustment, compared to the previous time, Zhejiang's three tiers of minimum wage have increased by 210 yuan, 190 yuan, and 170 yuan, with each tier experiencing a 9.2% increase.The significance of the minimum wage increaseGenerally speaking, in order to protect the basic livelihood of workers, the state mandates that employers must pay a minimum wage to employees for their normal work.According to the "Minimum Wage Regulations", the minimum wage standards are generally in the form of monthly minimum wage standards and hourly minimum wage standards. Monthly minimum wage standards apply to full-time employees, while hourly minimum wage standards apply to non-full-time employees.Many people feel that the increase in the minimum wage standards in certain areas is not significant and may not have a big impact on their actual income. However, in reality, many experts in the industry have pointed out that the adjustment of the minimum wage standards has a substantial impact on the adjustment of income distribution structure, especially for low-income individuals.One of the most representative impacts is that certain benefits linked to the minimum wage will change. For example, many areas have regulations stating that during the probationary period, the salary of employees must not be lower than the minimum wage standards of the employer's location. Additionally, aspects such as social security contribution base will also change in accordance with the adjustment of the minimum wage standards.In addition, in terms of other protections, such as calculating employee probation period wages, overtime pay, medical leave wages, shutdown wages, the base for social security contributions, unemployment benefits, and severance pay, they will also increase in line with the minimum wage standards.In 2021, many provinces experienced a wave of minimum wage adjustments. However, there is no mandatory requirement for how often they should be adjusted.According to Economic Daily, citing the views of a special researcher at the Chinese Labor Society, it used to be mandatory to adjust the minimum wage standards once every two years, but later it was relaxed to once every two to three years.In addition, the adjustment range should not be too large. This not only ensures that the basic livelihood of low-end workers and their dependents is not affected, but also prevents a significant increase in labor costs for businesses, which could impact their sustainable development. Furthermore, the timing of minimum wage adjustments varies from place to place and depends on specific circumstances.Employment situation over the past yearLooking back at 2023, although the overall employment market in China faced challenges, certain emerging fields still offered opportunities.Overall, according to the press conference held by the Ministry of Human Resources and Social Security in the third quarter of 2023, from January to September of this year, there were 10.22 million new urban jobs created, and the employment situation remained generally stable. 3.96 million unemployed individuals found reemployment, and 1.29 million individuals facing difficulties found jobs. The urban surveyed unemployment rate in September was 5%.According to the data from the National Bureau of Statistics, in November, the surveyed urban unemployment rate in China was 5%, unchanged from the previous month. The surveyed unemployment rate for local registered labor force was 5.1%, and for non-local registered labor force it was 4.7%, with the surveyed unemployment rate for non-local registered labor force in the agricultural sector being 4.4%. The surveyed urban unemployment rate in 31 major cities was 5%. The average weekly working hours for employed individuals nationwide was 48.9 hours.From an industry perspective, AIGC keywords were prominent throughout the year, increasing the employment prospects in related fields.According to the data report "2023 Employment Trend" released by the Liepin Big Data Research Institute, with the popularity of ChatGPT, AIGC skills have been highly sought after by employers due to their significant improvement in efficiency and quality.In the first ten months of last year, the proportion of job seekers who indicated proficiency in AIGC skills in their resumes was 0.04%. They were significantly more likely to engage in conversations with potential employers, with an average of 7.95 conversations for those skillful in AIGC compared to 4.76 conversations for those without such skills.Under equal conditions, 57.04% of businesses prioritize candidates who are proficient in AIGC tools. The positions indicated with data annotations have an average annual salary of 123,800 yuan.For college graduates, a questionnaire survey conducted by Zhaopin.com from mid-March to mid-April targeting graduates of the class of 2023 showed that the proportion of graduates choosing to work for organizations increased from 50.4% in the previous year to 57.6%, while the proportion of slow job seekers increased from 15.9% to 18.9%. Meanwhile, the proportion of graduates choosing freelance work decreased from 18.6% to 13.2%.On the employment side, the proportion of graduates who can directly apply what they have learned in their jobs is 20%.

Many provinces have once again raised the minimum wage!

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