Human resources provider 51job (NASDAQ: JOBS) has recently announced the "Top 100 Best Human Resources Model Enterprises in China 2011" list. This year's evaluation was themed around "Love Your Career, Enjoy Your Work", identifying 100 leading enterprises that have strived to create a work environment that respects employees and achieves excellent business performance while helping employees gain knowledge and skills. These enterprises also take on their due responsibilities towards society and the industry. Among these, 68 leading companies, including IBM, Schneider, and Wanda, retained this honor, while 32 other companies, such as Starwood and L'Oréal, made it onto the list for the first time.
51job CEO Richard J. Burnham said, "2011 was a year full of pressure and confusion. The global economy had the potential for a double-dip recession, while the domestic economy faced the dual threat of stagflation and inflation. However, with the end of the demographic dividend, labor costs soared, and the flow of capital exacerbated talent mobility. These 100 model enterprises achieved 'turning talent into competitiveness,' showing outstanding foresight and wisdom in responding to challenges and changes. Through knowledge and creativity, they further expanded their market-leading advantages, gradually forming a new Chinese development model."
Over 90% of the selected model enterprises are listed companies. In 2010, their average revenue growth reached 33%, and in the first half of 2011, the average revenue growth exceeded 40%. Their performance was better than in the same period of 2010. The scale of new hires in these model enterprises in 2010 was equivalent to 28% of the enterprise size, exceeding the previous year. However, the recruitment plans for 2011 were roughly the same as in 2010, indicating that after rapid expansion, these model enterprises tend to adopt more prudent and safe talent strategies in the face of complex economic prospects. Among the promoted employees in 2010 within these model enterprises, those born in the 1980s accounted for 46%.
In 97 of these enterprises, some human resources management functions were outsourced, 95 enterprises adopted online human resources management methods, and 92 enterprises had e-learning training platforms. In 2011, the investment in employee training by these model enterprises increased by 31% compared to 2010. Unlike the results from the past two years, the pressure of recruitment has risen to become the top priority for human resources in these model enterprises, followed by employee motivation. Data analysis from www.51job.com shows that these model enterprises have a stronger attraction to talent. Meanwhile, as leaders, these model enterprises are also required to take on greater "leadership responsibilities" for fostering healthy competition among talents and ensuring orderly industry development.