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China’s Professional Employment Market Continues to Show Signs of Resilience

China’s professional employment market continues to show signs of resilience

8 August 2014: Michael Page, part of global recruitment firm PageGroup, has today released the 2014/15 Michael Page China Employee Intentions Report.

China’s professional employment market continues to show signs of resilience, stability and growth in many areas, with jobseekers remaining fairly positive and optimistic about recruitment activity in the coming 12 months, according to findings in the 2014/15 Michael Page China Employee Intentions Report.

In particular:

  • 65% of survey respondents state they are likely to change roles in the coming year. Professionals in the Digital and IT sectors indicate the highest likelihood of changing jobs in the coming 12 months (92% and 74% respectively).
  • More than half the surveyed employees (53%) expect a salary increase of 16% or more in their next role, while 61% indicate they plan to ask their current employer for a salary increase.
  • Recruitment companies are the preferred job seeking channel for 44% of survey respondents, followed by job boards (34%) and social media platforms (18%)
  • 65% of respondents would consider an overseas career opportunity, indicating increased confidence in other global economies and illustrating the continued increase in international perspective of professional Chinese employees.
  • 45% or surveyed employees believe their working hours have increased over the past 12months, while 56% cite more flexible working hours and greater annual leave as the most important non-financial reward.

“China’s professional employment market remains very positive overall and the optimism in the market is reflected in jobseeker intentions as well as salary expectations, based on the findings of the 2014/15 Michael Page China Employee Intentions report. This is further evidenced by the unprecedented levels of recruitment activity that we have experienced across all of our China offices in 2014,” says Anthony Thompson, Regional Managing Director, Greater China.

The full report is available at the News & Research Centre