The year 2013 started relatively sluggishly in many recruiting sectors compared with the beginning of 2012, and this sluggishness continued for the first and second quarters with many local and international companies exercising caution with respect to new hiring and replacement recruitment.
However it is worth noting that the first edition of RMG’s talent flow survey (TFS1) reported a number of very interesting findings and developments in the job market, which included:
- Going West – more companies are exploring expansion opportunities away from the East-Coast metropolises and ‘mega-cities’ of Central China. Blue-collar workers who would once be regarded as unskilled are now skilled, and demand better wages and living conditions and, crucially, jobs nearer their home-towns and families.
- The second finding from TFS1 was the lack of consistency between industry sectors. Some sectors started the year sluggishly, whereas some bucked the trend with an optimistic hiring outlook.
- There were many other interesting findings in TFS1. Key points concerned how, why, and when people would look for a new job. TFS1 contained some important data on this subject which has been followed up and expanded upon in TFS2.
So now to the new Edition: RMG China Talent Flow-Survey Edition 2. This time RMG Selection is invited to cooperate with University of Nottingham, and receive near 4000 respondents in two months. On one side, with the technological change and world economy impact, we can see that some famous enterprises plan to downsizing. On the other side, the survey also observes new industry hotspots and regional hotspots. For instance, the real estate, agriculture/ forestry and fishing industries still advances triumphantly under the adjustment force. In addition, for the regional hotspots, Chengdu is becoming as the southwest business development core, and Xuzhou relight again as the old industry area. Graduates have experienced “the hardest graduation season”, and the senior talents are always as the hot cakes. This is our employment market, and it is our talent market. In addition to more useful data on employee motivation, movement and engagement with headhunters we have identified some interesting trends in ‘hot’ industries and cities. Media and Real-Estate, for example, are still some of the most buoyant industry sectors hiring. This is interesting, particularly in terms of real-estate after years of talk about inflation caused by local government loans and a resulting real-estate bubble. We also discovered that of those surveyed in Chengdu over 70% had changed jobs, for example.
In addition to the findings of the TFS2, RMG sees a much more solid hiring market in the Third and Fourth quarters: Many more positions that have been on hold are now being filled and this expansion has been particularly apparent at a senior level. Clearly as the UK and Europe stabilize and as the US manages to keep dodging the cliff appetite for risk is rising.
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