For the final quarter of the year, 16 percent of employers expect to increase their staffing levels, while only 2 percent plan to decrease the number of workers. And 46 percent of Chinese employers said they wouldn��t make any changes to their current workforces in the next three months, which is 1 percentage point stronger quarter-over-quarter and [Hong Kong Company Formation]3 percentage points stronger year-over-year.
Chinese employers also expect to grow staffing levels in all six industry sectors and all nine regions.
"The current business climate is putting pressure on China��s labor market, while the impetus to drive domestic demand growth remains insufficient. Employers still expect hiring to continue at a steady, but not spectacular, pace, in the quarter ahead despite China��s promising market signals," said Zhang Jinrong, managing director of ManpowerGroup China.
In order to help out small and micro enterprises suffering financial problems, the Chinese government suspended value-added tax and turnover tax for these businesses with monthly sales [Offshore Company Incorporation]of less than 20,000 yuan ($3,226) in late July.
"In order to boost employment, the policy is expected to benefit more than 6 million small companies and boost the employment and income for tens of millions of people," said Zhang.
Zhang added that China would continue to keep its macro-control policies stable and accelerate the shutdown of outdated facilities.
Its Employment Outlook Survey, covering the fourth quarter of the year, said the net employment outlook �� which compared hiring and layoff figures - for the Chinese industrial sectors was +13 percent, meaning more employers planned to increase than cut staff, a figure that remained unchanged quarterly and dropped 1 percentage point annually.
The survey showed that most positive hiring activity is anticipated in the wholesale and retail sectors, with an outlook of +15 percent, while the finance, insurance and real estate sectors, as well as the manufacturing sector remain strong, all with outlooks of +14 percent.
"We have been expanding the number of employees throughout the whole year because we are planning to enlarge our e-commerce department to switch our focus to online platforms with a more talented labor force in the next three months," said Wang Hailong, public relation officer of Aokang Group, a Wenzhou-based shoemaker that has strategic cooperation partners in Europe, including Geox and Valleverde.[HongKong Richful - Hong Kong Company Formation, Offshore Company Incorporation]
Aokang has more than 10,000 employees with a quite low staff turnover rate of 5 percent.
"Apart from the expansion, the regular recruitment work of the company has been growing in order to catch up with the gradual economic recovery of the country," said Wang.
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