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March 17, 2010

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Home » Metro » Education

Index shows some optimism on grad hiring

The city's employment-environment index for fresh college graduates was scored at 65 points out of a full mark of 100 - a cautiously optimistic picture, a new report suggests.

The survey, released by the city's human resources staffing operator Shanghai Foreign Service Co Ltd, was conducted among 246 foreign-invested companies and 10 universities and colleges, covering 1,175 college graduates.

The report said most job seekers expect a monthly salary of 2,000 yuan (US$292) to 3,000 yuan this year, almost the same as previous years.

"I'm expecting a monthly salary of 3,000 yuan to 4,000 yuan," said Ariel Fang, a graduate from Shanghai International Studies University.

"The city's living standard is on the rise and the rent now costs me 1,600 yuan per month. I'm expecting a higher salary or it will be hard to make a living here."

According to the report, the employers were able to meet expectations, as most foreign-invested companies said they would offer monthly salaries of 2,000 yuan to 4,000 yuan.

According to the report, most graduates are willing to be recruited by state-owned enterprises. The second-most popular choice is to be recruited by foreign-invested or joint-venture companies. Ranking next are private enterprises.

The survey also showed that if faced with a long period out of job, 62 percent of the students were willing to lower their expectations.

Meanwhile, an increasing number of graduates, accounting for 14 percent compared with only 1 percent last year, said they would start their own business if there were no jobs available, as the government has put forward more policies favorable to innovative undertakings.


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