Job Market Monitor
China
Chinese overseas students / 72 percent are unable to find long-term jobs overseas
Sophia Su, who will graduate with a master’s degree in communication from Michigan State University this year, seems relaxed, even though almost all of her classmates are anxious about their next destination after graduation. “I know how hard the US employment situation is for foreign students this year, so I found myself another way out … Continue reading
China / Is This the End of Cheap Labor?
It’s been the lament of everyone for years now: Cheap Chinese labor is killing the job market. With lower wages and lax regulation, the giant sucking sound we heard was manufacturing jobs headed from Sheboygan to Shenzhen. But now China’s new found riches are starting to turn in on themselves in the form of much … Continue reading
China / Film and TV supported 909,000 jobs in 2011
As Hollywood treks to China for the 3rd Beijing International Film Festival, a new report has revealed that the film and television industry contributes big bucks to the local economy. According to a study sponsored by the Motion Picture Association (MPA) and the China Film Distributors and Exhibitors Association (CFDEA), movies and TV added $15.5 … Continue reading
China IT firm in U.S / 200 new jobs paying on average $100,000
The largest information technology consulting firm in China said Monday it will plant its new U.S headquarters in Charlotte, bringing 200 jobs with an average salary of $100,000. Pactera Technology International, a Beijing-based firm with 23,000 employees worldwide, will make its U.S. headquarters in SouthPark Towers at 6100 Fairview Road, not far from SouthPark Mall. … Continue reading
Shanghai / Expected job growth making it a the new global financial centre
City workers’ expectations of job growth in London are weakening as it appears Shanghai is becoming the new global financial centre. According to research by Astbury Marsden, 73 per cent of bankers are expecting most new banking jobs to be created in South East Asia with Shanghai seeing the biggest jump in opportunities. Only 11 … Continue reading
Declining advantages for U.S. companies from offshoring
Three economic and financial experts forecast an improvement in U.S. employment as the continuing globalization of national economies continues to lift overseas wages, blunting the advantages U.S. companies derive from offshoring. Bob Baur, chief global economist of Principal Global Investors, Jim McCaughan, chief executive officer of Principal Global Investors, and Drake University law professor Hunter … Continue reading
US / Jobs could come back if America could change its trade position says Harvard’s Lawrence
Manufacturing job opportunities could improve, although they will likely never be the same. But it isn’t because emerging markets such as China are the threat that many believe them to be, said Robert Lawrence, professor of international trade and investment at Harvard Kennedy School. Investors often focus on micro issues. They hone in on what … Continue reading
China / 38.9 percent of working women dissatisfied with salaries
The Chinese Career Women Survey Report recently released by Career International－a leading one-stop recruitment solution provider in Asia, shows that 38.9 percent of working women surveyed are unhappy about their last pay rise and 59.9 percent intend to change jobs. Career International conducted a questionnaire survey on 1,700 people in February 2013, with women, mostly … Continue reading
China / What’s going on in its labor markets
Understanding unemployment and wage growth are crucial for understanding developments in the world’s second largest economy, not to mention the future price of everything from Nike sneakers to Apple iPhones. The official data is improving, with new information on migrant worker and private sector wages. But it remains scarce and in some cases unreliable, especially … Continue reading
China / 8 provinces and cities have adjusted their minimum wage levels in 2013
Shenzhen has raised its monthly minimum wage levels by RMB100 to RMB1,600 from March 1, 2013, while its hourly minimum wages have been adjusted from RMB13.3 to RMB14.5. This news comes after Guangdong Province recently announced wage hikes of nearly 20 percent that would have seen Guangzhou overtake Shenzhen as the city with the highest monthly minimum … Continue reading
Chima / 7 interesting facts about employment law
Employers are obliged to employ a quota of people with disabilities, in appropriate types of job The representative office in China of a foreign company cannot directly recruit a Chinese citizen Statutory annual leave entitlement for employees is very low In many cases, legislation at provincial, regional or municipal level gives women a right to … Continue reading
China / More than 95 percent of graduates from polytechnics or vocational schools have a job
The employment rate for graduates from polytechnics or vocational schools is more than 95 percent, higher than that for their college counterparts, according to a report by the Ministry of Education on middle-level vocational education. The message is such schools provide the right people with the right skills for enterprises and they meet the needs … Continue reading
China / The day after the Lunar New Year, lot of young Chinese professionals quit
For increasing numbers of young Chinese professionals, the first day back at work after the Lunar New Year holiday is the day they quit. The number of new online job applicants and resumes on Zhaopin.com, a leading recruitment website, increased 36% year-on-year in the first week after the lunar New Year holiday, the company revealed … Continue reading
China / Services employment has climbed for four years
Seven years ago, Cheng Shuangping quit her assembly job at an electronics company in central China to move to Beijing to work as a waitress and a clothing saleswoman before managing a foot-massage spa. “The assembly work was boring and the pay was meager,” Cheng, 34, said in an interview at Oriental Foot Massage near … Continue reading
China / Only 29 percent of the graduate students master’s degrees have found jobs
As the Spring Festival is coming to an end, graduate students may find it harder to get a desirable job than usual, as a recent survey shows that only 29 percent of students with master’s degrees have secured jobs, down from last year. A survey conducted from December last year to January 2013 by My … Continue reading
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