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China - FESCO Adecco upbeat despite slower economic growth

20 December 2012

Despite the relatively slower economic growth in China in 2012, executives at FESCO Adecco remain upbeat about the company's prospects according to a piece today in the China Daily by Shi Jing.

The company has been emboldened according to the article by the report of the 18th National Congress of the Communist Party of China, which said the country's development is still "in an important period of strategic opportunities".

"In the coming two decades, there will still be rapid growth in China. As industries expand, demand for human resources will also remain robust accordingly," said Jiang Tao, deputy manager of FESCO group, at the human resources forum held by FESCO Adecco in Shanghai in December to mark the company's 10-year anniversary.

"Meanwhile, because of the optimization of the industrial system, requirements for companies' candidates will be increased substantially," he said.

Ni Ying, general manager of FESCO Adecco, said that the company will continue to integrate and update traditional services by introducing more internationally advanced human resources service products and modes. It will also continue to develop and perfect call centre operations, mobile applications, core systems of enterprise and all other information technology solutions to provide more high-quality professional services.

This year, according to the article, the company started to provide new services, including business translation, overseas recruitment and outsourced overseas training. It also established a Franco-German visa application centre to further explore recruitment process outsourcing.

FESCO has been established in China for approximately 30 years and FESCO Adecco is a Sino-foreign joint venture specialising in HR services established by equity transfer between FESCO and Adecco.  One important part of the company, FESCO Shanghai, was established five years ago since which it has provided services to thousands of clients and over 120,000 employees with revenue soaring from RMB 28 million (approximately €3.38 million) to RMB 3 billion (approximately €362.18 million).
To understand more about the current state of the Chinese staffing market, Staffing Industry Analysts’ research subscribers can access our work on China Data Sources and the China's tightening of the Labor Contract Law.


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