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The upcoming ‘Recruitment Wars’ in China

Ike Suarez | Dec. 20, 2013
High turnover for China tech workers expected in 2014: Michael Page

China's employers expect turnover churns in their technology workers in 2014, according to a survey by the recruitment consultancy firm Michael Page.

A press statement by Michael Page announcing the release of its "The China 2014 Salary & Employment Forecast" attributed the forthcoming churn to fierce competition for the services of highly skilled workers.

The salary and employment forecast is an annual survey by the British recruitment firm of employers in China and includes responses from companies whose sizes range in size from large multinationals to small and medium enterprises.

Respondents

"Some 700 respondents shared forecasts for salary increases, employee retention, bonus payments and recruitment activity," said the recruitment agency.

Of these respondents, 69 % said they expect high staff turnovers among their technology professionals within the next 12 months.

Employers-25%  of respondents-also expect to be offering double digit increases in their current salaries to retain them or attract new hires.

The report cited China's continued economic growth which has led to shortages in technology workers and other highly-skilled professionals.

As a result, employers now compete fiercely for their services, and therefore, the high turnovers and double digit salary hikes.

Such "recruitment wars" will also take place for professionals in procurement and supply chain management, property management, and construction, and engineering and construction, according to the statement.

The UK-based Michael Page has 153 offices spread out in 34 countries.

 

 

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