The human resources service provider 51job, Inc. (NASDAQ: JOBS) has recently announced the "2011 China's Best 100 Human Resources Exemplary Enterprises" list. This evaluation, themed on "Love your workplace, enjoy your work," selected 100 leading enterprises that, under complex and chaotic economic conditions and in an era of rising labor costs and diversified career goals among the younger generation, have strived to create a work environment that respects employees and achieves excellent business performance while helping employees gain knowledge and skills. These companies also take on the appropriate responsibilities towards society and their industries. 68 leading enterprises, including IBM, Schneider Electric, and Dalian Wanda Group, retained this honor, while 32 enterprises such as Starwood Hotels & Resorts Worldwide and L'Oréal made the list for the first time.
51job CEO Raymond Jianzhong Zhen said: "2011 was a year full of pressure and confusion. The global economy had the possibility of a double-dip recession, while the domestic economy faced the threat of stagflation and inflation simultaneously. However, with the end of the demographic dividend, labor costs soared, and the flow of capital intensified the mobility of talent. The 100 exemplary 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 leadership advantages, gradually forming a new Chinese development model."
More than 90% of the exemplary enterprises selected this time are listed companies. In 2010, their average revenue growth reached 33%, and in the first half of 2011, the average revenue growth exceeded 40%, surpassing the same period in 2010. In 2010, the scale of new employee additions in exemplary enterprises was equivalent to 28% of the enterprise size, more than the previous year. However, the recruitment plans for 2011 were roughly the same as in 2010, indicating that after rapid expansion, under complex economic prospects, exemplary enterprises tend to adopt more cautious and safe talent strategies. Among the promoted employees in the exemplary enterprises in 2010, those born in the 1980s accounted for 46%. 97 enterprises outsourced some of their human resource management functions, 95 enterprises adopted online human resource management methods, and 92 enterprises had e-learning training platforms. In 2011, the investment in employee training by the exemplary enterprises increased by 31% compared to 2010. Unlike the survey results from the previous two years, recruitment pressure rose to become the top HR priority for exemplary enterprises, followed by employee motivation. Data analysis from www.51job.com shows that these exemplary enterprises have stronger appeal to talent. Meanwhile, as leaders, exemplary enterprises are also required to assume greater 'leadership responsibility' for the healthy competition of talent and the orderly development of the industry.