10 misunderstandings about the chinese talent market

10 Misunderstandings About the Chinese Talent Market

Ed BarzilaijYvon Niu

World of contrasts

World of contrasts

... as well in the labor market

QuickTime™ en een-decompressor

zijn vereist om deze afbeelding weer te geven.

Print advertisement in newspaperJunior post production in television and film industry

Monthly salary3,000 RMB

€ 300 per month =€ 3,600 per year



Online job postingManaging directorAnnual salary - 3 million RMB + Bonus

CHINA US JAPAN NETHERLANDS

198

0 198

3 198

6 198

9 199

2 199

5 199

8 200

1 200

4 200

7 201

0 201

3

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

14%

16%

CHINA

Labor force

Non activepopulation

38%62%

10% China


198

0 198

3 198

6 198

9 199

2 199

5 199

8 200

1 200

4 200

7 201

0 201

3

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

14%

16%

CHINA

Labor force


38%62%

10% China

198

0 198

3 198

6 198

9 199

2 199

5 199

8 200

1 200

4 200

7 201

0 201

3

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

14%

16%

Labor force


US

2,3% US

49% 51%


198

0 198

3 198

6 198

9 199

2 199

5 199

8 200

1 200

4 200

7 201

0 201

3

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

14%

16%

CHINA

Labor force


38%62%

10% China

198

0 198

3 198

6 198

9 199

2 199

5 199

8 200

1 200

4 200

7 201

0 201

3

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

14%

16%

Labor force


US

2,3% US

49% 51%

198

0 198

3 198

6 198

9 199

2 199

5 199

8 200

1 200

4 200

7 201

0 201

3

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

14%

16%

Labor force


US

2,3% US

49% 51%

198

0 198

3 198

6 198

9 199

2 199

5 199

8 200

1 200

4 200

7 201

0 201

3

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

14%

16%

Labor force


JAPAN

78%

22%

1,7% Japan


198

0 198

3 198

6 198

9 199

2 199

5 199

8 200

1 200

4 200

7 201

0 201

3

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

14%

16%

CHINA

Labor force


38%62%

10% China

198

0 198

3 198

6 198

9 199

2 199

5 199

8 200

1 200

4 200

7 201

0 201

3

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

14%

16%

Labor force


US

2,3% US

49% 51%

198

0 198

3 198

6 198

9 199

2 199

5 199

8 200

1 200

4 200

7 201

0 201

3

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

14%

16%

Labor force


US

2,3% US

49% 51%

198

0 198

3 198

6 198

9 199

2 199

5 199

8 200

1 200

4 200

7 201

0 201

3

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

14%

16%

Labor force


JAPAN

78%

22%

1,7% Japan

198

0 198

3 198

6 198

9 199

2 199

5 199

8 200

1 200

4 200

7 201

0 201

3

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

14%

16%

NETHERLANDS

Labor force


54%46%

2,2% Netherlands

2,300 interviews

in Beijing, Shanghai and Guangzhou

10 Misunderstandings About the Chinese Talent Market

1China’s labor force counts more than 800 million on a total population of 1.3 billion.

Misunderstanding:

There’s absolutely a surplus in the labor market.

True False

xx% xx%





Height requirement

2Misunderstanding:Salary is the most important reason to switch jobs in China.

True False

xx% xx%

52%

Career opportunities

47%

High Salary

28%

Working environment

(culture)

22%

Size of company

22%

Working location

As a Pull factor-Salary vs. Career opportunities-Salary vs. Acceptable workload-Salary vs. Company size-Salary vs. Employer reputation-Salary vs. Working environment

3Misunderstanding:In China, the turnover rate in popular industries is more than 20%.

True False

xx% xx%

YES NO

Medical94%6%

Banking/insurance89%11%

Accountancy83%17%

FMCG88%12%

Telecom91%9%

Technical91%9%

IT82%18%

4Misunderstanding:More than 10% of the working population in Chinais actively looking for another job.

True False

xx% xx%

I AM ACTIVELY LOOKINGFOR ANOTHER JOB

7%

49%

I AM NOT LOOKING FOR A JOB, BUT I REGULARLY MONITOR THE MARKET

I AM NOT LOOKING FOR A JOB AT ALL AND WOULD LIKE TO STAY IN CURRENT JOB

44%

5Misunderstanding:Chinese professionals prefer Western managers.

True False

xx% xx%

38%

CHINESE EUROPEAN

23%

AMERICAN

21%

NON PRC(SG/HK/MY/TAIWAN)

12%

JAPANESE/KOREAN

6%

NO PREFERENCE

32%

MEDICAL37%

BANKING/INSURANCE42%

ACCOUNTANCY46%

FMCG36%

TELECOM32%

TECHNICAL29%

IT35%

56%

(VERY) CAPABLE

32%

NEUTRAL

12%

NOTCAPABLE (AT ALL)

6Question:What is more important in China?Is it the job or who you work for?

The Job Who you work for

xx% xx%



Online job board and newspaper

The apprentice - the employee

Master - the employer

Corporate and Recruitment Advertisement

7Misunderstanding:Accountancy is a male dominated industry in China.

True False

xx% xx%

male

female

Medical 22% 78%

male

female

FMCG 33% 67%

Accountancy 57%43%

8Misunderstanding:FMCG is the most desirable industry among Chinese talent.

True False

xx% xx%

Medical 84%

Banking/insurance 60%

Accountancy 73%

FMCG 54%

Telecom 72%

Technical 59%

IT 76%

Medical 4%

Banking/insurance

18%

Accountancy

14%

FMCG12%

Medical19%

Technical18%

IT31%

9Misunderstanding:“Chinese people desire democracy”.Therefore they prefer a democratic corporate culture.

True False

xx% xx%

PROFESSIONAL 79%

STABLE 70%

HARMONIOUS 64%

STRICT 64%

DEMOCRATIC 59%

INNOVATIVE 59%

BUREAUCRATIC 23%

AGGRESSIVE 18%

INFORMAL 17%

10Misunderstanding:

Working hard is like second nature for Chinese professionals.

True False

xx% xx%

21%

IT

16%

Technical

13%

Telecom

11%

FMCG

28%

Accountancy

18%

Banking/insurance

16%

Medical

56%

(VERY) CAPABLE

56%

(VERY) CAPABLE

3% POSSIBILITY TO WORK PART- TIME

4% POSSIBILITY TO WORK AT HOME

6% CONTRIBUTION TO SOCIETY

The End

10 misunderstandings about the chinese talent market

Documents

japan china us japan

netherland slabor force

company size salary

high salary

career opportunities

acceptable workload

employer reputation

pull factor salary