SHANGHAI, April 23, 2014 /PRNewswire/ -- Lloyd Morgan Executive, a leading recruitment service provider, launched its bilingual China Employment & Salary Guide 2014 today, presenting keen market insights on the 2013 employment marketplace and an outlook for the remainder of 2014. The guide services as a useful reference book for professionals in all the key industries and functions, including Consumer Sales & Marketing, Industrial Sales & Marketing, Operations and Manufacturing, Engineering, Supply Chain, Human Resources, Accounting & Finance, Banking & Financial Services, Legal and Information Technology.
According to the survey, replacing the sluggishness that prevailed in 2012, the year 2013 was generally a recovery year with companies and industries' operating revenue back in black, and this trend is likely to show an even stronger momentum in 2014. Recruiting demand is rising with the recovery of the economy, the growth of the business as well as the optimising of the organizational and industrial structure, the hiring, however, remained rational and cautious. The demand was mainly for professionals who are capable of saving cost, improving productivity and creating more effective distribution and sales strategies. In other words, those that had a direct impact on the bottom line were sought eagerly after.
“Based on our market insights, in-depth industrial knowledge and expertise in employment trends, we are pleased to present the China Employment & Salary Guide 2014,” said Rita Dong, the Managing Director of Greater China, “we offer candidates and clients an informative and comprehensive employment market overview, and assists in making better career decisions.”
Summary of the talent market based on different functions:
-- Banking & Financial Services: Retail and commercial banking front office professionals who can consistently acquire new business opportunities and drive up revenue are always in high demand. Internet financing, risk control as well as compliance professionals are predicted as hot in market.
-- Sales & Marketing: In the retail & luxury area, salaries of most functional sectors were growing stably. The demand for store management professionals remained strong. Another large demand came from supporting functions like customer relationship management and training sections. The largest shortage is for professionals with e-commerce expertise and fashion industrial knowledge. The FMCG industry is generally stable, with an average salary growth rate of 12%, candidates that knows well about e-commerce are in high demand. As for industrial sale and marketing, salary raise was stable in 2013, internal salary adjustment was at a rate of 5%-10% and that of change job was 20%-30%.
-- Operations and Manufacturing: The market perspective in 2014 is predicted more optimistic than 2013, Mid-level jobs like production managers, quality managers and lean production managers will continue to attract the greatest demand.
-- Engineering: There was a huge demand for engineering jobs in 2013, and this trend is going to continue in 2014. Mechanical processing, automotive parts and automation will lead demand for the engineering industry.
-- Supply Chain: Government's budget control policy had a negative impacted on major industries in the north China market, while the east China market managed a reasonable growth, the FMCG supply chain market was a highlight. Demand for process optimisation and "lean" operation professionals are high across all industries. Market outlook in 2014 is more optimistic. The FMCG and retail industries will continue to boom and there is confidence that the pharmaceutical industry will rebound from stagnation in 2013.
-- Human Resources: The Human Resources job market was subdued in 2013 while the HR market for the Internet industry was booming. As the economic recovery takes place across the US and Europe, the HR job market outlook for multinationals is positive in 2014. There will be increasing demand for senior HR managers as foreign companies enter the Chinese market. HR business partners will be the most sought-after roles for medium to large scale enterprises.
-- Accounting & Finance: There was a big increase in demand for finance and accounting talents, especially senior candidates in the market with the IPO activities of companies. 2014 is expected to be a bumper year for accounting & finance professionals. Salaries for senior accounting & finance candidates including finance director, finance manager, financial controller, and financial planning and analysis manager will increase between 10%-15% in 2013.
-- Legal: Demand for mid-senior legal consultants is flat, while that for junior ones is reasonable as companies invested in developing their in-house legal teams. The legal job market is optimistic in 2014; it's expected to go upward for talent demand and salary.
-- Information Technology: Recruitment need and salary raise in 2013 was moderate and rational and the trend is predicted to continue in 2014. Hot areas like big data, cloud computing and mobile will have a large talents demand and salary rise.
There is also previous and current year salary comparison for the 1st tier cities and 2nd and 3rd tier cities respectively, making the information more comprehensive. Also the guide was presented in both English and Chinese satisfy different reading needs. Readers right now can also check and compare their salary with the market trend through online tools MySalaryPortal.com.cn.
To download the survey, please click: http://lloydmorgan.com/PDF/Salary.pdf
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Tel: +86 21 2315 8888
About Lloyd Morgan Executive
Lloyd Morgan Executive (LME) is a leading professional recruitment service provider that offers 360 degree end-to-end services in the sourcing and placement of mid to senior level executives across almost all the major functions. Established through the acquisition of E.L Consult (Asia) in 2007, LME is a division of the Australian listed company Clarius Group Limited (CND.AX), a leading employment services provider of permanent, contractor and temporary recruitment services, IT services, contractor management and outsourced payroll solutions across Asia Pacific.
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