to Make Watch, headhunters recruiting in China say they've rarely seen
busier times. Domestic and multinational companies seeking to bolster staff as
part of bold expansion plans in the Chinese market have sparked frenzied
bidding to attract qualified personnel across a broad range of industries.
Candidates with the right level of education and skills are typically seeing
inducement offers that include salary increases of 40% to 50%, in addition to
China's labor market could
not be more interesting. Young migrant workers for factories and construction
are in shortage due to changing demographics; fresh college graduates are in
surplus as a result of the great leap forward in high education (graduates
jumped from 1.0mn to 6.6mn per year in the past decade), while highly skilled
talents are in big shortage. One good thing is that high pay for talents is
attracting overseas Chinese to come back. The "brain drain reversal" could have
deep impact on China's
&D push in the new decade.