July 21, 2008 at 6:12 pm · Filed under banking, jobs, hong kong, recruitment
The job market for professionals in Asia has slowed amid concern about the global economy and hiring can take twice as long as a year ago, recruitment firm Ambition said on Thursday. “There’s a great deal more caution on who employers want to hire and more emphasis on experienced candidates,” , Guy Day regional managing director of Ambition, told a news briefing.
Candidates for even relatively junior positions at multinational companies were sometimes interviewed by very senior management from headquarters before being offered a job, Ambition said.
Hiring generally was taking about eight weeks, compared with 4-6 weeks last year. Read the rest of this entry »
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July 9, 2008 at 6:53 pm · Filed under companies, jobs, executives, china, Uncategorized
CB Richard Ellis Group, Inc. , an S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2007 revenue). With over 29,000 employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate offices). CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. In 2007, CB Richard Ellis was named one of the 50 “best in class” companies by BusinessWeek, and one of the 100 fastest growing companies by Fortune.
CB Richard Ellis established a presence in Hong Kong in 1978 and has been operating in China since the company was appointed as the leasing consultant in relation to Tower One of the China World Trade Centre in Beijing in 1988. CB Richard Ellis has also had an operation in Taiwan since 1990. Read the rest of this entry »
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July 3, 2008 at 2:44 pm · Filed under talent, hong kong, scholarship, students, china
Last June, a record 10.5 million young Chinese participated in the national College Entrance Examination (CEE), up half a million from the year before. The CEE is the largest test of its kind in the world.
Whether these students succeed or fail on the exam determines their competitiveness for future jobs and changes the course of their lives in this demanding society. This year, there are twice as many candidates as there were university spots. In turn, the top universities in China and Hong Kong are competing for zhuangyuan—a Chinese term for exam champions from each city and province, numbering around 70 each year nationally.
Of the 614,000 students in Guangdong Province, 21-year old Yang Yang was the 2007 CEE Champion. After turning down an offer from Tsinghua University, a top university in China, he now studies at the Hong Kong University of Science and Technology (HKUST). Read the rest of this entry »
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July 3, 2008 at 2:05 pm · Filed under jobs, executives, china, recruitment
China will start a new round of talent recruitment globally to find 16 senior managers and chief accountants for its elite State enterprises.
The State-owned Assets Supervision and Administration Commission (SASAC), which represents the State in more than 150 major State enterprises, will announce its recruitment plan next Tuesday.
The commission will look for three general managers, 10 deputy heads and three chief accountants for 16 major enterprises in a variety of sectors, such as power generation, electronics, chemical and trade. Some firms, such as Baoshan Iron and Steel Co, and FAW, China’s top automaker, are among the world’s top 500 enterprises. Read the rest of this entry »
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July 2, 2008 at 5:33 pm · Filed under talent, executives, china, recruitment
The nation faces a critical shortage of top managers, a situation that could threaten its economic boom.
Chief executive Li Hsu had a problem. The head of Fiberxon, a California manufacturer of components for communications networks, spent three months searching for a vice president of his main operations, which are in China. He finally landed one–who left three months later for a better offer. For another top job, Hsu poached a candidate from one of his vendors in Taiwan. In China, he says, it’s easy to find weak recruits, but topnotch talent? That’s tough–very tough.
China faces a critical shortage: experienced, highly skilled managers. The numbers are astounding. The country has some 25,000 state companies, 4.3 million private firms and massive industrial overcapacity. But it has too few experienced managers for even the elite firms. Read the rest of this entry »
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July 2, 2008 at 5:08 pm · Filed under quake, jobs, china
The May 12 earthquake has cost at least 372,000 urban residents in Sichuan their jobs, raising the number of jobless in the province to more than 700,000, a top provincial official said Monday.
The quake has deprived 1.15 million farmers of the means of production too, Vice-Governor Li Chengyun told a press conference.
The UN Food and Agriculture Organization (FAO) on Monday said Sichuan farmers lost about $6 billion in the quake, which killed millions of farm animals and deprived up to 30 million rural residents of most of their belongings. Read the rest of this entry »
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June 27, 2008 at 11:04 am · Filed under finance, jobs, hong kong, recruitment
According to the report released by the Hong Kong Securities Institute on the 23rd, nowadays it is difficult for Hong Kong’s financial institutions to employ professional staff, especially in the areas of financial product development,promotion,trading and support.
This survey was carried out by Lingnan University from September to December 2007 to evaluate local financial professionals. After visiting 30 local and international financial management representatives and over 800 employees with less than 3 years working experience, they issued a research report on “Financial Professional Training.” Read the rest of this entry »
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June 27, 2008 at 10:54 am · Filed under banking, jobs, executives, hong kong, china
Asia’s expanding hedge fund industry will probably create tens of thousands of jobs in the next five years, even as investment bank recruitment dries up after the U.S. subprime mortgage market collapse, said Sheridan Mather, a managing director of recruitment firm Pinnacle International Ltd.
“We’re seeing some streamlining at the moment. We’re seeing some of the not so well-performing funds closing down,” London- based Mather said in an interview with Bloomberg TV today. “But we’re seeing massive growth of the established guys.”
The world’s biggest banks and securities firms cut 83,000 jobs in the 10 months to May as U.S. subprime mortgage delinquencies seized up the global credit market, according to data compiled by Bloomberg. Citadel Investment Group LLC and CQS (U.K.) LLP are among hedge fund managers that have used the opportunity to hire staff from investment banks to accelerate Asian expansion. Read the rest of this entry »
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June 27, 2008 at 10:43 am · Filed under henan, jobs, students, graduates, china
High school graduate Yang Caifeng has been racking her brains over which subject to major in college.
“I’m not sure if a popular major will secure me a good job four years from now,” the 17-year-old from Shandong Province said early this week.
Yang said her farmer parents are unable to provide suitable advice, while her teachers always give “vague suggestions”.
“I’ve learnt that students majoring in certain hot subjects still cannot find work after graduation,” she said.
Huang Kaixiang, a high school student from Henan Province, is being confronted with the same problem. Read the rest of this entry »
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June 27, 2008 at 10:29 am · Filed under jobs, china
Chinese Vice Premier Zhang Dejiang on Thursday called for more efforts to create jobs and safeguard the legitimate rights and interests of employees.
Employment and labor rights protection have a lot to do with people’s well-being and social stability, Zhang told ministerial and provincial level officials at a workshop on employment and harmonious labor relations in Beijing.
He acknowledged that China was still faced with a severe challenge of job creation and labor rights protection despite huge improvement over the past years.
He called on officials to minimize unemployment in their administrations and encouraged more labor-intensive companies in job creation. Read the rest of this entry »
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