In the In­ter­net sec­tor, long hours, big money are the norm

China Daily (Canada) - - LIFE - By MENG JING in Bei­jing mengjing@chi­

China’s fi­nan­cial ser­vices sec­tor of­fers a bet­ter work-life bal­ance com­pared with In­ter­net-based tech­nol­ogy firms in China, and, per­haps, even Wall Street firms where long hours and in­tense bosses are the norm, ac­cord­ing to a re­search re­port.

The China Ur­ban Smart Trans­porta­tion Re­port 2015, which was re­leased on Jan 20, says fi­nan­cial sec­tor em­ploy­ees’ work day ends hours ear­lier, com­pared with the In­ter­net sec­tor.

Jointly pub­lished by Didi Kuaidi, China’s largest ride­hail­ing ap­pli­ca­tion, Watch­ing Me­dia and the First Fi­nance Com­mer­cial Data Re­search Cen­ter, the re­port states those who work at Jin­rongjie, a fi­nan­cial ser­vices clus­ter in western Bei­jing, mostly leave their of­fices for home be­tween 5 pm and 6 pm.

But most of those who work in Xi’erqi Soft­ware Park, an In­ter­net busi­ness clus­ter in north­east Bei­jing, fin­ish their day as late as 11 pm. The re­port showed that em­ploy­ees of In­ter­net firms tend to leave for home be­tween 5 pm and mid­night.

The re­port is based on data gath­ered from Didi Kuaidi, which pro­cessed 1.43 bil­lion on­line re­quests for rides in 2015. The apps of­ten re­ceive re­quests from of­fice work­ers at Xi’erqi Soft­ware Park be­tween 9 pm and 11 pm, sig­nal­ing long work hours, at In­ter­net firms.

Baidu Inc is one of the In­ter­net firms lo­cated in Bei­jing’s Xi’erqi area. The re­port said that on av­er­age Baidu em­ploy­ees fin­ish work at 8:23 pm.

Baidu ranked fourth in long work hours among ma­jor In­ter­net firms in China. The Bei­jing-based Qi­hoo 360 Tech­nol­ogy Co Ltd, a soft­ware com­pany known for its an­tivirus soft­ware, topped the list with the av­er­age of­fice hours end­ing at 8:35 pm.

On av­er­age, all of the em­ploy­ees at Baidu Inc, Alibaba Group Hold­ing Ltd and Ten­cent Hold­ings Ltd, the top three among In­ter­net com­pa­nies, work past 8:15 pm.

De­spite the long work hours, the In­ter­net in­dus­try in China has been gain­ing pop­u­lar­ity among job­seek­ers.

A re­port pub­lished in Oc­to­ber 2015 by the China unit of LinkedIn showed that In­ter­net­based tech­nol­ogy com­pa­nies are job­seek­ers’ se­cond-most pre­ferred desti­na­tion, af­ter the fi­nan­cial ser­vices in­dus­try.

Wendy Mu, se­nior part­ner with Ex­peris, a hir­ing firm, said China’s In­ter­net in­dus­try has very strong de­mand for tal­ent due to fierce com­pe­ti­tion in the mar­ket and rapid de­vel­op­ment in tech­nol­ogy.

Con­tact the writer at @ chi­

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