Finance: Outstanding talents' salary requirements are increasing
Number of job postings on the website this week: 94,608
Recently, Hays released the recruitment trend for the second quarter of 2011. The results showed a slight decline in hiring intentions in the banking and finance sectors, but the demand for talent remains widespread, especially for corporate banking client relationship managers, product developers, risk management, and compliance managers.
68% of respondents in the banking and financial services sector said they would increase the recruitment of sales personnel in the next six months. This is because many foreign banks are rapidly expanding in second- and third-tier cities and urgently need a large number of salespeople to establish relationships with new clients. Customer relationship managers in the corporate banking sector and branch managers with sales backgrounds are key recruitment targets for companies.
85% of respondents believe that it is more difficult to find suitable talent this year compared to the same period last year. There are too few talents who possess both product knowledge and industry experience to meet the demands of banks expanding their businesses in various cities. The difficulty for banks and financial institutions in recruiting top talents lies in the numerous job opportunities available to candidates and their high expectations for salary increases. Since the economy began to recover from the crisis, the competition for top talents in the banking and financial services sectors has intensified. Good talents often have many career opportunities to choose from. Therefore, their salary requirements are also higher.
Cool Comment from 51job: Rarity is precious. The scarcity of outstanding talents in the financial sector has driven up their salary requirements. At the same time, the high salaries in the financial sector will attract more outstanding talents to join.
Beijing: Second-highest wage level nationwide
Number of job postings on the website this week: 306,884
Recently, the official website of the National Bureau of Statistics published the main situation of the average annual wages of employees in urban non-private units in 2010. It was shown that the average annual wage of Beijing employees was 65,683 yuan, an increase of 13% year-on-year, ranking second nationwide. Shanghai had the highest income, with an average annual level of 714,874 yuan. Jiangxi Province had the lowest at 29,092 yuan.
By industry category, compared to 2009, the annual average wages of all industries increased by varying degrees. The three industries with the highest annual average wages were the financial industry at 80,772 yuan, which was 2.2 times the national average; information transmission, computer services, and software industry at 66,598 yuan, which was 1.8 times the national average; scientific research, technical services, and geological exploration industry at 57,316 yuan, which was 1.5 times the national average. The three industries with the lowest annual average wages were agriculture, forestry, animal husbandry, and fishery at 17,345 yuan, which was only 50% of the national average; accommodation and catering industry at 23,812 yuan, which was only 60% of the national average; water conservancy, environment, and public facilities management industry at 27,229 yuan, which was only 70% of the national average. The ratio of the highest industry's annual average wage to the lowest industry's annual average wage was 4.7 to 1.
From the perspective of registration type grouping data, joint-stock companies had the highest annual average wage at 45,991 yuan, which was 1.24 times the national average; followed by foreign-invested companies at 40,180 yuan, which was 1.08 times the national average; state-owned units ranked third at 39,471 yuan, which was 1.06 times the national average. The lowest was collective units, which was 65.8% of the national average.
Cool Comment from 51job: It is reported that during the 12th Five-Year Plan period, Shanghai will accelerate its construction as an international talent hub and an innovative entrepreneurial talent base, striving to increase the number of financial professionals from the current over 160,000 to between 220,000 and 250,000 by 2015, matching the development of the economy and the financial industry.
Zhengzhou: Social worker shortage exceeds ten thousand
Number of job postings on the website this week: 25,974
Currently, 15 universities in Henan Province have opened social work majors, with about seven or eight hundred graduates each year. However, due to unstable positions, low salary levels, weak social recognition, and difficulty in realizing professional values, less than 10% of graduates actually engage in social work. On the other hand, due to unresolved issues regarding treatment and position staffing, professional social workers are often unable to be retained.
According to international standards, there should be 2 to 2.5 social workers per thousand people. Calculated accordingly, Zhengzhou, with a population of 7.5 million, would require approximately 15,000 social workers. In reality, Zhengzhou currently has only 284 registered professional social workers. A worrying issue is that the development bottleneck faced by public institutions such as communities, hospitals, and nursing homes is partly due to the shortage of social worker talent.
Cool Comment from 51job: To ensure the elderly are well-supported and the sick are well-cared for, the profession of social workers is indispensable. It is one of the indispensable important indicators of whether China's social security system is complete.
Yunnan: Students increasingly interested in studying in Thailand
Number of job postings online this week: 31,296
Compared to Western countries, affordable costs are a major characteristic of studying in Thailand. It is understood that currently, pursuing a bachelor's degree in Thailand costs around 10,000 to 20,000 RMB per year, while master's tuition is around 40,000 RMB per year. Including living expenses, the total annual cost is generally below 60,000 RMB. This is highly attractive to working-class families in China who hope to send their children abroad for study.
With the deepening cooperation between China and Thailand, the demand for Thai language talents is increasing. The Director of the Student Affairs Department of Yunnan Provincial Department of Education believes that especially with Yunnan's geographical advantage and the construction of China's bridgehead for opening up to the southwest, there is an urgent need for relevant professional talents. In the future, Yunnan will recruit more Thai students and also need a large number of Thai language teachers. Therefore, studying in Thailand offers broad employment prospects.
Cool Comment from 51job: Compared to the expensive costs of studying in Europe and America, studying in Thailand has gained favor among students due to the popularity of lesser-known languages and relatively affordable tuition fees.
Harbin: Nearly a thousand private enterprises urgently seeking talented individuals
Number of job postings on the website this week: 26,717
Recently, Harbin held its 12th Private Enterprise Talent Recruitment Fair. Nearly a thousand private and individual enterprises in Harbin provided 8,000 positions, attracting over 40,000 job seekers, of whom more than 30% were college students and recent university graduates. According to local media reports, the fair not only offered higher-level professional positions such as enterprise management, business administration, specialized technology, marketing, financial management, and secretarial roles, but also provided a large number of ordinary worker and service positions. In terms of salary, private enterprises mostly determine based on the applicant's situation and ability.
Although private enterprises are eager to hire talented individuals, it is difficult to find high-end talents. Currently, multi-skilled talents with technical expertise and management skills in Harbin generally come from old state-owned enterprises. However, after joining private enterprises, these talents must learn to handle the contradictions between production workers and private enterprise bosses and face the reality that private enterprise bosses require them to take on multiple roles. Many high-end talents therefore do not want to work for private enterprises. Recent graduates lack work experience and insufficient technical content. After companies provide opportunities for further training and improve their business skills, they worry about losing the trained talents. To retain talent, companies offer material benefits such as housing after a certain number of years of work, but high-end talents are still the "thousand-mile horses" that private enterprises urgently seek.
Cool Comment from 51job: As one of China's old industrial bases, Harbin has always been a place where state-owned enterprises gather. However, in recent years, private enterprises have gradually become active. Due to the enormous employment pressure, it is wise for college students to enter private enterprises to gain experience. However, for high-end talents, private enterprises still lack competitiveness when trying to poach from state-owned enterprises.