Fewer firms plan to increase headcount
Print Edition
SEASONAL reasons and an economic slowdown have hit hiring plans as fewer Chinese employers plan to expand headcount in the second half, recruitment firm Hudson said in a survey yesterday.
The survey found 43 percent of respondents saying they plan to hire more permanent headcount in the second half of this year, down 16.4 percentage points from the first half and 10 percentage points lower than the second half of last year.
However, employers’ intention to retain staff has more than doubled in the last six months, rising from 19.9 percent to 44.4 percent.
“The shift in focus from increasing headcount to maintaining headcount represents a hiring environment that is slightly more conservative than the first half of this year,” said Lily Bi, general manager of Hudson Shanghai.
“This is a seasonal shift as many firms generally hire more aggressively in the first half of the year,” she said, adding that the economic slowdown was also a factor.
The survey of 2,110 employers on China’s mainland found that over 65 percent of information technology and financial service firms said they intended to hire more.
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