CBI member, Hays has published a report on Mainland China’s top talent trends going into 2019. According to the recruitment consultancy, China’s talent market in 2019 will be centred on industrial automation in reaction to the rising costs of manufacturing in the country.
Hays anticipates that a major shift in talent requirements will take place as companies seek to improve efficiencies.
According to Simon Lance, Hays Managing Director for China, “Mainland China is relentless in its endeavour to be the leading authority of quality innovation and new technology. This is driving employers to consider the technical expertise of a candidate to be of paramount importance, above other factors such as leadership qualities or salary expectations. […] Talents who are able to utilise new technologies that contribute to a company’s productivity will, therefore, enjoy heightened leverage in this candidate short market.”
Companies are increasingly seeking to recruit candidates which can assist them in selling within China, in both business-to-consumer and business-to-business settings; and through e-commerce channels. This focus on e-commerce has also prompted companies to prioritise recruiting talent in business development, sales & marketing, online marketing and big data.
Industry’s transition to prioritising e-commerce has wider ramifications for businesses whose role it is to ensure the supply chains of finished products or retailers. Rapid infrastructural improvements in China have made it easier for traders to find partners, not only from across their local region, but the whole of China, and as such, there is growing demand for talent to work within supply chain management to cater for an on-going e-commerce boom. According to Hays, there is a high volume of vacancies currently in need of filling.
All of China’s major e-commerce sites are making forays into Big Data, with Alibaba’s new CEO Daniel Zhang even going as far as to say that he wanted to re-brand the company as a ‘Big Data Company.’ Therefore, it is unsurprising that Hays has identified Big Data, the Internet of Things and Research & Development as key candidate markets.
These three markets are associated with China’s ongoing Digital Transformation as a part of the ‘Made in China: 2025’ initiative, which China hopes will future-proof its economy and see it become a global leader of innovation and technology. Algorithm Engineers, Machine Learning, NLP Engineers and Java Developers who also possess a background in online-to-offline business modelling are now seen as mission critical in order to obtain customer information and sales data.
China, in its quest to be a leader in disruptive innovation, views the US’s Silicon Valley and Cambridge University’s science parks as its model. It is with these two overseas sites in mind, that Hays moves to its final point – Local Candidates Preferred. Employers in China are welcoming with open arms the growing number of Chinese returnees, and in turn, less reliant on foreign talent.
Returnees who are fluent in English, having studied at leading institutions within science and engineering, whilst also being fluent in Mandarin and/or Cantonese, are particularly valuable, especially in China’s rapidly developing Greater Bay Area. In Hay’s recent Salary Guide Report when asked whether international candidates would be considered, employers responded with a 45% resounding ‘no’, while 46% favour returning Chinese, only a total of 10% of respondents stay open to considering foreign candidates.
Please find the full report here.
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