A hot autumn for China’s job market
The competition for jobs among white collar workers in China has gotten fiercer in the third quarter of the year, according to the latest report on this year’s autumn job market by recruitment website Zhaopin.com.
The report is based on the number of job openings posted on its website and the respective number of resumes submitted. Each job vacancy received an average of 35.4 resumes, a significant rise compared to the 26.1 resumes per job in the first quarter and 29.3 in the second quarter.
The report cited the economic slowdown, foreign companies cutting down on personnel and businesses in China, as well as the cooling down of investments to be the main factors for the heated job competition.
The resume-per-job rate in Shanghai has largely remained stable in recent years, with this year’s being 28.7, said Huang Ruoshan, senior career consultant at Zhaopin. com. Jobs in heavy industries, media and publications have the highest rates as demands are low in these industries.
However, the city only ranks 18th in terms of the difficulty of getting a job, down from the 12th place in last autumn’s ranking as northeastern and second-tier cities have been moving up the list, said Huang.
Shenyang, the capital city of the Northeastern province of Liaoning, topped all Chinese cities in job-hunting competition with an average of 57.6. It is followed by Chengdu and Shenzhen, Guangdong province.
The structural transformation of the economy in Northeast China has affected job supplies in some traditional industries and the high pressure of living in first-tier cities like Beijing and Shanghai has encouraged more people to search for better opportunities in second-tier locations such as Chengdu, Suzhou and Xi’an, according to the report. destination as they provide better remuneration packages, more flexibility and better career development prospects.
Based on the Zhaopin. report, foreign companies are the second-most sought after establishments after state-owned companies. Like Zhang, Chinese job hunters generally favor big organizations but Huang has advised them to consider working for smaller companies instead.
“There is this stereotype that big companies offer better career prospects,” she said. “While small companies are not as well known as the big ones, the truth is that they actually offer greater and more flexible space for development.”
Huang expects the competition for jobs in foreign companies in Shanghai to remain bitter as their businesses have been affected by the global economic slowdown. Also, she foresees that a large number of talents will head to fastdeveloping medium and small-sized companies, she added.
In the future, the job market in Shanghai will also likely begin to see more demand for highend technical talents. Jobs in sectors such as the Internet, e-commerce, finance and trade will also grow as Shanghai aims to develop itself on three-fronts — science and innovation, high-end manufacturing and as a free trade zone.