De­mand for IT pro­fes­sion­als buoy­ant Fore­cast salary rises for job hop­pers in 2017

China Daily (Canada) - - VIEWS - By YU RAN in Shang­hai yu­

De­mand for IT pro­fes­sion­als re­mains buoy­ant and com­pe­ti­tion among em­ploy­ers to re­cruit the ex­pe­ri­enced— par­tic­u­larly those with in­ter­net, dig­i­tal, e-com­merce and on­line mar­ket­ing op­er­a­tion skills — is in­tense, the lat­est RobertWal­ters sur­vey found.

The an­nual Global Salary Sur­vey in­di­cates a broadly pos­i­tive em­ploy­ment out­look brought by the gov­ern­ment’s tran­si­tion to a world-lead­ing high-tech econ­omy, and the re­sult­ing ac­cel­er­ated hir­ing in­ten­tions for e-com­merce and tech­nol­ogy tal­ent.

“It is an­tic­i­pated that in 2017, with the growth of e-com­merce and fin­tech, China will be­come more in­no­va­tion-driven and tech­no­log­i­cally de­vel­oped. $ De­mand for pro­fes­sion­als will con­tinue to be the key area for em­ploy­ment,” said Mathew Ben­nett, man­ag­ing di­rec­tor of Robert Wal­ters Greater China.

“Also, bilin­gual pro­fes­sion­als with strong com­mu­ni­ca­tion skills and com­mer­cial acu­men will be the strate­gic fo­cus in hir­ing in 2017, par­tic­u­lar­ity with multi­na­tional cor­po­ra­tions and lo­cal con­glom­er­ates.”

Ac­cord­ing to the re­port, salary in­cre­ments of 30 per­cent or more were no longer ev­i­dent in 2016, with the in­creases sta­bi­lized to an av­er­age of 10 to 15 per­cent for job movers, and 5 to 7 per­cent for those stay­ing in their cur­rent jobs.

The trends are fore­cast to con­tinue in 2017, with the ex­cep­tion of some high-per­form­ing sec­tors such as soft­ware and the in­ter­net, risk and com­pli­ance, and sales pro­fes­sion­als, in which job movers are ex­pected to en­joy in­cre­ments of 15 to 20 per­cent.

E-com­merce and dig­i­tal pro­fes­sion­als will com­mand higher salaries in 2017 due to the shortage of can­di­dates.

The hir­ing pace was up­beat for fi­nance tal­ent, es­pe­cially for mid-range fi­nan­cial pro­fes­sion­als in rapidly grow­ing sec­tors in­clud­ing health­care and high-tech.

Job-hop­ping among pro­fes­sion­als from banks and fi­nan­cial in­sti­tu­tions to new and non-tra­di­tional in­sti­tu­tions, such as on­line bank­ing and peer-to-peer lenders, will tend to be more com­mon.

US busi­nesses are fac­ing more pres­sure to show that they’re cre­at­ing US jobs ahead of Fri­day’s sched­uled in­au­gu­ra­tion of Trump, who made the is­sue a sig­na­ture of his cam­paign.

Ear­lier on Tues­day, he praised Gen­er­alMo­tors Co for a $1 bil­lion US in­vest­ment plan, hav­ing crit­i­cized the com­pany ear­lier in Jan­uary for im­port­ing some mod­els fromMex­ico.

On Tues­day, Wal-Mart Stores Inc also boasted about job growth. Ford Motor Co and Fiat Chrysler Au­to­mo­bilesNVan­nounced spend­ing plans last week thatTrum­plauded.

The pro­posed $66 bil­lion takeover of Mon­santo by Ger­many’s Bayer would cre­ate the world’s largest pro­ducer of pes­ti­cides and ge­net­i­cally mod­i­fied seeds.

A year ago, Mon­santo an­nounced that it would shed 3,600 jobs, or about 16 per­cent of its global work­force, in a bid to lower costs. The com­pany is al­ready the world’s big­gest seed pro­ducer.

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