June 23, 2008 at 5:12 pm · Filed under jobs, graduates, china
For fresh graduates, China’s fluid and fiercely competitive job market is like the Wild West. It’s full of job-hoppers, headhunters, poachers and the lure of lucre.
Sammy Yang has had five jobs since 2000. The 28-year-old administrative assistant in a foreign-invested company says change is easy. She quit because the work was tiring, boring, the pay wasn’t commensurate with her efforts, and she didn’t like the office politics.
“I will definitely leave if I feel unhappy where I work,” says job-hopper Yang, whose latest company specializes in intellectual property protection. The college grad has moved up in salary over the years and now earns 4,000 yuan (US$580). Read the rest of this entry »
BOOKMARKS:
June 19, 2008 at 4:01 pm · Filed under quake, chengdu, jobs, china
Kang Hui filled out the registration form for a construction company at a job fair. He felt he would be a good fit, given his skills.
The 40-something Kang was “laid off” after the construction company he formerly worked in suspended operations after the May 12 Sichuan Province earthquake.
“I came to seek a job so as not to be a burden to my family or society,” said Kang. He said he had attended several such fairs organized for quake survivors in Dujiangyan City, a badly-hit part of Sichuan.
Anyone who registered, so long as they were quake survivors, would get a job, said Yan Kaimin, Chengdu Construction Engineering Group’s deputy general manager, at the latest job fair in the city. Read the rest of this entry »
BOOKMARKS:
June 12, 2008 at 5:03 pm · Filed under jobs, china
The last bastion of China’s famous “iron rice bowl” system of lifetime employment — the civil service — has been breached. State media announced that the first batch of six government workers hired under a new system designed to eventually transform the civil service into an incentive-oriented, performance-driven career, will soon begin work in the Pudong special economic zone of Shanghai.
For decades, China’s Communist system and the “tie guofan” or iron rice-bowl were almost synonymous; the state guarantying workers cradle-to-grave employment and basic welfare provisions. Though this system gradually began to be dismantled in the 1980s with state-owned enterprises furloughing surplus labour and hiring workers on time-specific contracts, the civil service has thus far remained largely sheltered from the sweeping economic reforms affecting other public sector enterprises.
Now, however, the central government has asked a few select cities across the country, including Shenzhen, Wenzhou and Pudong to institute a pilot programme aimed at weaning away civil servants from the idea that a government job will provide lifelong security and better-than-average pay, regardless of performance. Read the rest of this entry »
BOOKMARKS:
June 10, 2008 at 4:55 pm · Filed under jobs, expats, graduates, china, recruitment
Drawn by economic optimism and demand for English speakers, UK university leavers are increasingly heading east, says Danny Vincent
There was a time when a career in China for new graduates was limited to teaching English as a second language in a conversation school, but as a new generation realises its potential, graduates are now making careers from would-be career-breaks.
China has long inspired interest among graduates looking to broaden their horizons while adding to their CVs. The vast landscape, mystique and culture exceeds the nation’s borders, but for all its thousands of years of history, it is the current expectations of the nation which is now capturing the imagination of many.
“I graduated in French and German from Oxford University in 2003, but realised that the bigger opportunities actually lay eastwards,” says Daniel Nivern, 27-year-old director and founder of China Recruitment, an organisation that he set up two years ago to bring UK workers to China, linking them with Chinese companies and businesses that have a need for English speakers. Read the rest of this entry »
BOOKMARKS:
June 5, 2008 at 1:31 pm · Filed under jobs, students, graduates, china
Nineteen years after a crackdown against student protesters at Beijing’s Tiananmen Square, China’s youth are more focused on iPods, designer jeans and buying their first car than political reform.
Most of all they are worried about getting well paid jobs and a share of the newfound wealth that many Chinese professionals are enjoying as the economy surges ahead with double-digit growth.
That is easier said than done. Last summer, China had to provide jobs for nearly 5 million college graduates. This summer, 5.6 million more are getting ready to move out of dormitories and into the job market.
Often the first in their family to get higher education, these graduates of colleges and vocational schools have high expectations that are not being met despite soaring economic growth as there are more graduates than jobs in China. Read the rest of this entry »
BOOKMARKS:
June 3, 2008 at 10:00 am · Filed under jobs, talent, china, recruitment
Multinational companies’ (MNC)’s hiring expectations have largely declined in the second quarter, after sustaining a high level for a long period, but are rising in some sectors, a recently released human resources report said.
However, most respondents of globally leading recruitment and HR management firm Hudson’s survey remained optimistic, saying they considered an imminent recession in China’s employment market unlikely.
The global Hudson Hiring and HR Trends Quarterly Report surveyed 718 executives of MNCs in China from sectors including banking and financial, IT and technology (IT&T), manufacturing, consumer, and media, public relations and advertising.
It said overall hiring expectations in the emerging market are declining, with 52 percent of respondents expecting to increase headcount, compared with 61 percent in both the previous quarter and the corresponding period of 2007. Read the rest of this entry »
BOOKMARKS:
May 29, 2008 at 4:57 pm · Filed under jobs, hong kong
The number of job vacancies in Hong Kong hit a record high in the first quarter of 2008 - a result of the territory’s continuing economic growth.
The active labor market, which has also seen a increase in the job turnover rate, is likely to push up wages, Hong Kong Institute of Human Resource Management president Lai Kam-tong said yesterday.
The organization, which carried out a survey of 131,000 workers, found the job vacancy rate peaked at 4.6 percent in the first quarter of 2008, up 1.5 percentage points from the same period in 2007.
“We have been able to pick up the economy and are still progressing on that path. Companies are more willing to expand and offer more job vacancies plus the workforce has more opportunity to advance their careers ,” Lai said. Telecommunications, engineering and retail sectors had the highest vacancy rates. But he warned that the United States subprime meltdown and fuel prices may affect the future pace of job creation in the private sector. Read the rest of this entry »
BOOKMARKS:
May 28, 2008 at 5:32 pm · Filed under guangdong, china
Dongguan, a manufacturing boomtown in southern China, plans to shut 173 factories this year that are major polluters and cut low-end jobs in a bid to climb up the value chain, the official Guangzhou Daily reported on Wednesday.
The Pearl River Delta city will relocate another 600 firms to the suburbs, the newspaper said.
More than 15 million migrants work in Dongguan, which has only 1.68 million permanent residents.
The city government’s decision is in line with the drive by President Hu Jintao for a more “scientific” growth model that is cleaner and leaner. Read the rest of this entry »
BOOKMARKS:
May 22, 2008 at 3:05 pm · Filed under banking, executives, hong kong
As leveraged finance transactions slow to a trickle, bankers Peter Szekely and Ponty Singh are let go as part of a global drive to cut costs
Morgan Stanley has let go of two of its leveraged finance bankers in Asia as part of a global round of job cuts that will reduce the bank’s headcount by 5%.
A Hong Kong-based spokesman confirmed that the two bankers are Peter Szekely, a product specialist within the leveraged finance and acquisition business in Asia, and Ponty Singh, who worked on the client coverage side with a focus on leveraged finance origination and high-yield bonds in Southeast Asia and India. Both bankers were promoted to managing directors in December last year.
The US investment bank said a couple of weeks ago that it would initiate another round of job cuts in the wake of subprime-related losses that forced the bank to write off a combined $9.4 billion in October and November last year (resulting in a fourth quarter loss of $3.6 billion) and seek a $5 billion equity investment from China Investment Corporation. The latest round of layoffs will affect 5% of the bank’s staff, which totals about 47,000 people globally, the bank told reporters in the US. Read the rest of this entry »
BOOKMARKS:
May 21, 2008 at 10:43 am · Filed under jobs, china
China created 12.04 million jobs for urban dwellers in 2007 and helped 5.15 million laid-off workers find new jobs, said the Ministry of Human Resources and Social Security on Tuesday.
The urban unemployed population was 8.3 million at the end of last year, with the urban registered unemployment rate standing at4.0 percent, down 0.1 percentage point year-on-year, according to a report jointly released by the ministry and the National Bureau of Statistics.
The report revealed that the average annual salary of urban employees reached 24,932 yuan (3,573 U.S. dollars), up 18.7 percent year-on-year in nominal terms and up 13.6 percent adjusted for inflation.
The Ministry of Finance said earlier this month that it would allocate 26 billion yuan this year to help more people find jobs. Read the rest of this entry »
BOOKMARKS:
« Previous entries ·
Next entries »
