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Economy

Nearly half Chinese companies to add jobs, raise salary next year

December 08, 2016


Abstract : The 2017 Asia salary and employment outlook released recently by global jobs and recruitment consulting company Micheal Page shows that 48 percent of the surveyed companies on the Chinese mainland plan to increase jobs and 45 percent of them will raise em

BEIJING, Dec. 8 (Xinhua) -- The 2017 Asia salary and employment outlook released recently by global jobs and recruitment consulting company Micheal Page shows that 48 percent of the surveyed companies on the Chinese mainland plan to increase jobs and 45 percent of them will raise employees’ salaries by 6 percent to 10 percent.

The report is based on interviews on employment trend with 1,000 employers from various industries conducted by Micheal Page.

Micheal Page China’s Managing Director Andy Bentote is optimistic about the recruitment outlook in 2017 on the Chinese mainland. He said that although China’s economy is experiencing adjustment, employment outlook is still positive for the coming year.

He believed that China’s employment level would remain stable next year, with the job market still dominated by ordinary job seekers. Meanwhile, top talents will still be scarce and will usually have more job opportunities.

In 2017, industries expected to see growth are the globally attractive industries, such as renewable energy, financial technology, socialmedia and consumer electronics, he suggested.

As China’s local companies have grown quickly to become employers that are attractive to talented people, their competition for talents is likelyto get fiercer.  Multinational companies, which used to have stronger employer brand strategy, may become more cautious in recruitment.

The survey also shows that employers on the Chinese mainland normally resort to career development, salary increase and learning opportunities in vying for outstanding talents.  (Editedby Yang Qi, kateqiyang@xinhua.org)

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Keyword: jobs salary

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