High Demand in Talented Recruits Seen in the Chinese Mainland
Talented recruits are in high demand in the Chinese mainland for the first quarter this year especially in the State owned enterprises sector. Based on a survey there is only 8.2 percent of 589 corporations that took part in the survey have not increase their head count. According to the RMG Recruitment Insider Survey a nationwide quarterly review of hiring that is done by RMG Selection a China focused international recruitment and human resources consultancy.
There was a total of 99.1 percent State owned enterprises that hired new talent for the first three months of this year and joint ventures had the lowest hiring rate although 81.8 percent of these enterprises have vacancies. A marketing and operations director for RMG Selection stated that the job market activity is measured by two factors which is the recruitment rate and the job hopping rate. From these point of view they can see the first quarter survey that 91 percent of these companies have new talent and the demand still continues to increase.
These might affect the SOEs nationwide campaign to fight against corruption there is still strong recruitment demand that remains. The survey also showed that there is a high demand for talent in the first second and third tiered cities with almost a hundred percent of companies are hiring. Furthermore 14.6 percent of employers in the first tiered cities are offered 20,000 yuan to 30,000 yuan a month for new employees compare that to the 3.8 percent in the second tier cities.
Still there are cases of talented professionals moving to smaller cities then return to large cities after. The problem still is how to retain talent rather than attracting talent and offering high salaries are one of the starting point.