Firms see managers leave after short stay
By Jia Feishang |
July 22, 2011, Friday
|
Print Edition
Print Edition
NEARLY 67 percent of employees holding management positions stayed three years or less at Chinese mainland companies, according to a survey released yesterday.
The survey found that 65 percent of the 550 employers in the mainland had dealt with managerial employees leaving within a year after joining the companies - higher than the 38 percent in Hong Kong and 37 percent in Singapore.
It also found that 53 percent of the respondents who left said the most important reason for leaving early was that they found the positions failed to live up to their expectations.
Of the 60 percent of companies which said the average stay for managerial employees was three years or less, 34 percent reported the average duration of between two and three years while 26 percent revealed a shorter tenure of two years or less, according to the survey conducted by Hudson Recruitment (Shanghai) Co Ltd, a human resources firm.
The information technology sector reported the highest proportion of managers failing to complete a full year in their positions because talented IT professionals preferred to work at companies that use the most advanced technologies.
Other reasons for managers leaving included issues with management or work culture, using the job as a stepping stone to better offers, and salary and benefits associated with the job not fulfilling expectations, according to the survey.
The survey also found out a high hiring expectations between July and September, with 72 percent of employers planning to grow headcount during the period, although down from the 77 percent in the second quarter.
The survey found that 65 percent of the 550 employers in the mainland had dealt with managerial employees leaving within a year after joining the companies - higher than the 38 percent in Hong Kong and 37 percent in Singapore.
It also found that 53 percent of the respondents who left said the most important reason for leaving early was that they found the positions failed to live up to their expectations.
Of the 60 percent of companies which said the average stay for managerial employees was three years or less, 34 percent reported the average duration of between two and three years while 26 percent revealed a shorter tenure of two years or less, according to the survey conducted by Hudson Recruitment (Shanghai) Co Ltd, a human resources firm.
The information technology sector reported the highest proportion of managers failing to complete a full year in their positions because talented IT professionals preferred to work at companies that use the most advanced technologies.
Other reasons for managers leaving included issues with management or work culture, using the job as a stepping stone to better offers, and salary and benefits associated with the job not fulfilling expectations, according to the survey.
The survey also found out a high hiring expectations between July and September, with 72 percent of employers planning to grow headcount during the period, although down from the 77 percent in the second quarter.
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