Shenzhen Enterprises Still Facing Labor Shortages after the Holidays
Majority of enterprises in Shenzhen are facing labor shortages as positions in the finance, IT, manufacturing and catering sectors are left vacant after the Spring Festival holidays. During the first job fair for the Lunar New Year more than 240 enterprises have open up around 12,000 jobs in hopes to attract workers to fill in the jobs.
The job fair started last Sunday and will end on Friday and have companies from the electronics, finance, IT and manufacturing sectors in attendance since they have the most number of vacancies. There is also high demand in positions for customer service staff, laborers, marketing representatives and waiters.
One human resource company is planning to recruit more than 7,000 employees that the will be distributing to local enterprises in the coming weeks. A representative for the company said that most of the vacant positions are in the customer service sector since it has lower requirements in educational background and doesn’t require job experience in any related field. But according to a study most of the job seekers are not in a hurry since most of the attendees in the job fair already have jobs and are looking for a better one with better pay.
The city will further intensify its free employment services by offering more job fairs that are scheduled throughout the city until May. Also inland provinces are having job fairs that are intended to attract migrant workers back to work which in turn caused several enterprises in the coastal manufacturing hub to fear serious labor shortages and tight competition for workers. Already some garment factories have relocated to inland provinces to lower their costs.
But industry insiders are saying that the shortage also presents an opportunity for companies in the coastal regions to shift it attention from manufacturing to research and development.