Hiring needs will increase following Chinese New Year as employers seek talented staff for both replacements and newly created positions and fast track their process to secure them, says recruiting experts Hays.
In their latest Hays Quarterly Report, for the January to March quarter, the recruiter found that employers in most industries and sectors are willing to make the hiring process quicker and provide competitive salaries to attract and retain high calibre talent this year.
“Employers are willing to shorten the recruiting process and increase salaries for highly skilled candidates,” says Emma Charnock, Regional Director of Hays in China and Hong Kong. “But in turn they are demanding more experience, skills and professional qualifications.
“To avoid losing valuable skills to competitors, most employers are busy refreshing their employee retention plans. In this market, good candidates are receiving more than one offer and it is vital that they have strategies in place to counter-act this, whether it’s financially or through a career benefits scheme.
“Previously firms hired overseas expatriates to help with the talent shortages but candidates without China experience have found it more difficult to fit in and adapt to the market and culture. This quarter, companies will hire local employees who require less training or internally transfer senior management when a suitable local applicant cannot be found.
“We are also seeing more examples of businesses choosing to up-skill their existing staff.”
The Hays Quarterly Report lists the skills in most demand in China for the January to March quarter:
Hays Accountancy & Finance – commerce & industry: As more companies continue to strengthen their tax and treasury teams, specialists with knowledge in PRC GAAP, US GAAP and IFRS standards are needed for the accountancy and finance sector. To assist with the private equity market Financial Controllers or CFOs with experience in IPOs are needed. Also needed are Financial Analysts with chartered firm experience together with work experience gained within a corporate environment.
Hays Accountancy & Finance – financial services: Treasury Accountants, Asset and Liability Managers and financial performance management candidates are in demand as organisations focus on performance improvements, reducing costs and improving business efficiency. Senior Finance Executives continue to remain in short supply.
Hays Architecture: Designers and Design Managers with fluent bilingual skills and China experience will be most in demand this quarter.
Hays Banking: Candidates with relationship management, business development and credit analysis skills will be sought this quarter as banks look to strengthen their existing relationships with clients and develop new business. Traditional industry, real estate direct investment and fundraising candidates will also be in demand.
Hays Construction, Hays Engineering & Hays Property: As the China market continues to develop, candidates in architecture, property and construction remain in strong demand. Architects and construction employers are focusing on projects outside of the first tier cities and more on developing areas in North East China and South Western China. The property market is starting to mature with more specialised candidates needed in the first tier cities.
Hays Education: Senior leadership candidates will be in demand with new international schools and centres starting up. Senior leaders who have experience in school start ups especially on the international circuit will be highly sought. Science teachers, in particular physics, as well as maths and economics teachers will be in demand as will teachers qualified to teach English as a second language.
Hays Human Resources: Compensation & Benefits specialists are in demand as companies focus on their reward and incentive programs. General HR professionals are also wanted to assist with hands-on recruitment and problem solving around staffing. Those with management skills and global project management experience are proving to be the most popular candidates in demand.
Hays Information Technology: There is high demand for IT system and network specialists and SAP functional consultants to cope with IT infrastructure and application needs, while software development is looking for hands on holding programmers. Candidates with Java, .Net, IOS and Android skills continue to be highly sought after in the market.
Hays Manufacturing & Operations: Given the uncertainty in the global economy, multinational corporations intend to enhance their low cost sourcing volume in China and other Asian regions. This is creating demand for Business Development and Product Engineering candidates. R&D VPs and Directors are also needed, along with Sales, Production and Supply Chain Managers. There is still growing demand for skilled professionals and experienced managers within the aerospace, automotive, mechanical, chemical and industrial OEM segments.
Hays Life Sciences: A number of life science employers have aggressive plans for hiring this year. As a result candidates across the whole spectrum of Life Sciences are in high demand, including R&D, Clinical Research, Sales, Marketing and Quality Assurance professionals.
Hays Oil & Gas: In China’s oil and gas market the majority of companies are currently in commissioning stages therefore upstream experienced Drilling, Completion, Geoscience, Contract Procurement, Logistics and Production candidates are being sought. In the downstream market demand exists for Sales Management, Technical Coach, Brand Communication and Operations Management specialists.
Hays Sales & Marketing: The retail sector remains strong in China with many consumer goods employers opening up stores, leading to increased demand for retail operations candidates. Merchandisers, Store Managers and Sales Managers are highly sought, along with Key Account Managers and Retail Managers. Communications Directors, Marketing Managers and Business Development specialists are also needed.
View the full Hays Quarterly Report at hays.cn/report from Tuesday 10 January, 2012.
Hays, the world’s leading recruiting experts in qualified, professional and skilled people.
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Hays is the leading global specialist recruiting group. It is the expert at recruiting qualified, professional and skilled people worldwide. It operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments.
As at 30 June 2011, Hays employed 7,620 staff operating from 255 offices in 31 countries across 20 specialisms. For the year ended 30 June 2011, Hays reported net fees of £672 million and operating profit of £114 million and placed around 60,000 candidates into permanent jobs and around 190,000 people into temporary assignments. 31% of Group net fees were generated in Asia Pacific.
Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Colombia, China, the Czech Republic, Denmark, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Japan, Luxembourg, Mexico, the Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, Spain, Sweden, Switzerland, UAE, the United Kingdom and the USA.