Growth fuels hiring
By Zhang Fengming |
September 8, 2010, Wednesday
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Print Edition
Print Edition
THE major accounting firms are expanding aggressively in China with KPMG saying yesterday that it will recruit up to 1,500 new graduates in China next year to support its double-digit growth in the country.
"With stable growth, China is priority in our five-year strategic development, driving us to invest huge in human resources," said Nelson Fung, senior partner of KPMG in China, yesterday. "We want the cream of the cream (of the graduates)."
The firm in general received more than 20,000 applicants from university applicants for its 1,000-plus positions and Fung said next year's hiring spree is similar to previous years.
Feng said the firm's business has rebounded from a slowdown during the global financial crisis last year and he expected a double-digit growth this year.
KPMG, which started operations in China in 1992, has over 9,000 employees on the mainland, Hong Kong and Macau located in 12 offices. The firm will open an office in Xiamen in two weeks.
The other three big four accounting firms, Ernst & Young, Deloitte and PricewaterhouseCoopers, also plan to hire more than 1,000 new graduates next year to tap the rising Chinese economy.
PwC said about 1,700 graduates will start with work the firm this year in China. "Our target for next year has not been finalized but will exceed this number," the firm told Shanghai Daily.
Ernst & Young employs an average of 1,500 graduates in China annually and the figure for 2011 could rise.
Deloitte said it hires over 1,000 university graduates in China annually.
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