Growth of Chinese MNCs to Fuel Talent Competition in 2015

SHANGHAI, CHINA--(Marketwired - Jan 21, 2015) - According to the latest annual Global Salary Survey from global specialist professional recruitment consultancy Robert Walters, the growth of Chinese multinational corporations will intensify talent competition in 2015. Professionals now view Chinese companies as an attractive employment option due to their promising prospects and competitive remuneration packages -- which often include employee stock options.

Figures from the survey suggest that job-movers received on average 15-25% increments in 2014 while those who stayed at their current companies received increments ranging between 6-8%. These trends look set to continue in 2015, and companies are likely to invest more in benefits, training and development to attract and retain the best talent.

Arthur Wang, Managing Director, Robert Walters China, comments:

"The recruitment market is becoming even more competitive, as foreign companies continue to enter and develop in the Chinese market while fast-growing domestic companies look to expand overseas. Candidates with international experience, local market knowledge as well as strong English and Mandarin language skills are highly sought-after by these organisations. As professionals pay more attention to their long-term career paths, employers will need to offer opportunities for career progression in order to secure top talent in this candidate-driven market."

Other Key Highlights for 2015

• As companies look to increase profitability and manage cost, professionals who can streamline processes and improve product quality across the supply chain, manufacturing and operations functions will be in high demand
• Internal up-skilling will continue to be a key focus for traditional internal support functions such as HR, accounting and finance. Companies are seeking professionals with strong communication skills and commercial acumen, with the ability to add value to the business
• Professionals with experience in digital, e-commerce and mobile will be highly sought-after as the digital sector continues to develop rapidly. Other key growth industries include automotive, healthcare, electronics and telecommunications
• There will be an increasing demand for mid to senior-level professionals in second-tier cities, such as Suzhou and Nanjing, as these markets continue to mature and require more experienced professionals to fill management-level positions
• New projects and investments from non-manufacturing companies, such as IT, hotels, professional services and research and development centres, will boost recruitment levels in Suzhou and Nanjing
  
  

Notes to editors:

1. Established in 1985, Robert Walters is one of the world's leading specialist professional recruitment consultancies with 53 offices in 24 countries and regions. The China operations specialise in placing candidates on a permanent basis in the following specialities: accounting & finance, banking & financial services, human resources & business support, information technology, operations & manufacturing, quality management & supply chain, sales & marketing.
2. Compiled by our dedicated research division, the Salary Survey is based on an analysis of placements made across our network of offices and specialist disciplines during the course of 2014. Now in its sixteenth year, the Survey is used by employers, HR managers and employees for benchmarking salary levels within their industry.
3. The Robert Walters's Salary Checker mobile app, designed for professionals to determine their own market rate, is available for free download via iTunes Store and Google Play Store.
4. For the latest updates on salaries, job and employment trends, please follow Robert Walters on LinkedIn.

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