(ECNS) – Eighty-five percent of the talent in the Internet finance sector has come from other industries, and new employees in the sector are being offered a starting salary of 100,000 yuan (about $15,000) a year, according to a white paper.
The paper, jointly issued by the China branch of LinkedIn and human resources firm Aon Hewitt, said the Internet finance industry is the most attractive to professionals in the high-tech industry, followed by those in the industries of Internet and finance.
It has discovered a net inflow of computer, finance and management professionals into the Internet finance industry. In particular, 34.8 percent of the professionals in Internet finance are engaged in engineering or information technology fields, indicating that talent from the Internet technology sector is vital to the development of the Internet finance industry, it said.
Wang Zhenyu, the human resources head of online insurance group ZhongAn, said innovative Internet finance companies are attractive to professionals because of their long-term incentives, which can help employees increase their personal value with the growth of the company.
According to the white paper, the starting salary for new employees in Internet finance is 100,000 yuan a year, and those with two to three years of experience can see their incomes rise by 50 percent. Backbone employees can get somewhere between 250,000 to 350,000 yuan a year, while superintendents receive about 450,000 to 2.5 million yuan a year, depending on their levels and responsibilities.
Employees in the Internet finance and Internet industries enjoy faster promotions and income rises compared with their counterparts in finance companies, the paper said.
