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China job market to boom in 2015, survey says
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CHINA’S employment market is expected to be bullish in 2015 as new survey results reveal over half of employers in China’s mainland, Hong Kong, and Taiwan plan to hire new staff over the next 12 months, recruitment agency Michael Page said in a survey today.
Recruitment in Taiwan is likely to lead in the region as 63 percent of the employers said they plan to increase headcount in 2015.
That compared with 53 percent for the mainland and 51 percent for Hong Kong, according to Michael Page’s latest salary and employment forecast outlook for China.
“The outlook for 2015 shows there is steady growth in the labor market across the region,” says Anthony Thompson, regional managing director, Michael Page China. “With rising salaries and a talent shortage, employees will be the winners on the labor market in the coming year.”
Survey results reveal that for China, the shift from a manufacturing-led economy to a service- and consumption-led economy has positively shaped the labor market and the skills required. Innovative professionals who are strong communicators and who can think strategically will be in high demand over the next 12 months, the survey found.
About 60 percent of mainland surveyed employers expect to offer salary increases of between six to 10 percent. That compared with the survey result of 63 percent last year.
Junior professionals in the banking and finance sector are being highly sought after in Hong Kong for the first time since the financial crisis. Additionally, there is a need for sales and marketing professionals across multiple sectors.
In Taiwan, an export-manufacturing focused market, technology companies are increasing headcount. Designers of electronic goods and experts in research and development are in demand, as well as professionals in the retail and luxury goods areas.
The survey incorporates the findings of an online survey of more than 2,000 employer respondents across China’s mainland, Hong Kong and Taiwan.
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