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Employers intend to hire more

By Feng Jianmin | July 12, 2016, Tuesday | Online Edition

Hiring intentions among employers on China’s mainland rose from the same period last year helped by demand in the financial and technology sector, recruitment firm Hudson said in a survey today.

It found 52.9 percent of employers said they intend to expand permanent headcount over the next six months, up from 49.3 percent in the same period last year, Hudson said in the survey that covers more than 1,600 employers and employees.

Banking and financial services sector led the employment sentiment as 70 percent employers said they will hire more, followed by 62 percent for the information technology sector.

Concerning employees, the survey found 65 percent respondents said they are currently considering or actually looking for a new job.

“It seems activity on the job market remains well despite of recent slowdown of the Chinese economy,” said Lili Bi, general manager of Hudson Shanghai. “China is in the process of developing the financial industry. Not only is financial technology disrupting the sector, rapid growth is leading banks to implement more internal risk control and analysis positions, as traditional firms are morphing with technology and growing at a rapid rate.”

Healthcare and life sciences sector is the least active as Bi attributed the low employment sentiment to ongoing restructuring within the sector, resulting in demand to optimizing current hires rather than creating new positions.

Meanwhile, the report also found a gap between employers and employees’ perception on the extent of innovation among organizations.

While over four-fifth employers said they encourage and reward innovation, only 54 percent employees agree, Hudson said.

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