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China – Strong demand for talent in the first three months of the year

21 May 2015

The vast majority (91.8%) of surveyed companies on China’s mainland increased headcount during the first quarter of 2015; according to The RMG Recruitment Insider Survey, a nationwide quarterly revenue conducted by RMG Selection, a China-focused international recruitment and HR consultancy, reports China Daily.

A total of 99.1% of State-owned enterprises (SOE) hired new talent in the first three months of this year. Joint ventures, a form of foreign invested enterprise that is created through a partnership between foreign and Chinese investors, had the lowest hiring rate, but 81.8% of them had new vacancies.

Sophie Li, marketing and operations director at RMG Selection, said: "Job-market activity can be measured by two factors - the job-hopping rate and the recruitment rate. We can see from the first-quarter survey that 91.8% of companies introduced new talent, and this demand continues.”

"Part of this activity can be attributed to the boom in starting innovative businesses. Encouraged by policies and the market, many company executives have started their own businesses, providing more opportunities for jobseekers."

Despite SOEs being affected by an ongoing nationwide campaign against corruption, strong recruitment demand remains.

The survey also found there was high demand for talent in first-, second- and third-tier cities, with 91.5%, 92.4%, and 91.9% of companies hiring, respectively.