- About China
- Working conditions
- Sectors and companies that are recruiting
- Applying for a job
- Major recruitment pointers
- Recruitment Resources and networks
1. About China
Since the late 1970s China has moved from a closed, centrally planned system to a more market-oriented one that plays a major global role – in 2010 China became the world’s largest exporter. Reforms began with the phasing out of collectivized agriculture, and expanded to include the gradual liberalization of prices, fiscal decentralization, increased autonomy for state enterprises, creation of a diversified banking system, development of stock markets, rapid growth of the private sector, and opening to foreign trade and investment. China has implemented reforms in a gradualist fashion. In recent years, China has renewed its support for state-owned enterprises in sectors it considers important to “economic security,” explicitly looking to foster globally competitive national champions.
After keeping its currency tightly linked to the US dollar for years, in July 2005 China revalued its currency by 2.1% against the US dollar and moved to an exchange rate system that references a basket of currencies. From mid 2005 to late 2008 cumulative appreciation of the renminbi against the US dollar was more than 20%, but the exchange rate remained virtually pegged to the dollar from the onset of the global financial crisis until June 2010, when Beijing allowed resumption of a gradual appreciation.
The restructuring of the economy and resulting efficiency gains have contributed to a more than tenfold increase in GDP since 1978. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, China in 2010 stood as the second-largest economy in the world after the US, having surpassed Japan in 2001. The dollar values of China’s agricultural and industrial output each exceed those of the US; China is second to the US in the value of services it produces. Still, per capita income is below the world average.
Population: 1,336.9 million
GDP per inhabitant (2010): USD 7.600,-
Unemployment rate (09/10): 4.3%
2. Working conditions
According to Chinese labor law, the standard working time is 40 hours per week. In theory, the standard work week in China runs from Monday to Friday from 9:00 am to 6pm, but in reality, overtime is the norm. All workers in China are entitled to three national holidays, each stretching into a week of vacation: Chinese New Year (usually in late January or late February), International Labor Day (first week of May) and National Day (first week of October). While employees get the week off, the government mandates that workers “make up” for the holiday by working through the previous weekend (resulting in only three days off). In any case, you should ensure that your holidays are stated in your employment contract.
Employment packages for expatriates in China
You can expect a salary according to Western European or US-standards and a full range of benefits. Salaries depend on your position and your industry. Benefits often include standard bonuses, housing allowance, 3-5 weeks paid vacation, a round trip air ticket once a year, full Western standard healthcare, evacuation insurance, tax coverage, coverage of shipping fees and all other expenses and training that you will need as an employee. Sometimes language lessons are also paid for. In high-level positions, you will often get a mobile phone and a car and/or driver, or at least have travel to and from work reimbursed. Standard vacations for locally hired expatriates are 3-4 weeks of paid vacation per year. Vacation packages often include a yearly return flight to your home country. Your Company should handle all tasks related to your visa.
3. Sectors that are recruiting
Our practice specializes in Senior Asia Pacific appointments in Management, Finance, Human Resources, Sales, R&D and Operations, with a focus on Retail & Luxury, Automotive, Industrial and Private Equity Funds. With comprehensive technical expertise and experiential know-how in the local and global business environment, we are committed to delivering placements that fit and stay.
4. Applying for a job
Building a long-term relationship with one or more executive search company is an important aspect of active career management. Executive search consultants not only help companies find the right candidate, they also help candidates find the right job for their particular capabilities, talents, and personal aspirations. At AIMS/HCP, we believe that building a relationship based on trust and professionalism with candidates is crucial to understanding and fulfilling their personal needs and ambitions.
If you wish to discover challenging career opportunities, please contact us.
5. Major recruitment pointers
We believe in a different approach to Executive Search, one that focuses on creativity, by understanding the business cycle, company culture, product engineering, manufacturing, after sales, etc. By focusing on the core responsibilities and roles of executives, professionals who combine a unique mix of technical expertise, business leadership and managerial skills can be attracted by great growth opportunities and new challenges.
Our focus is on understanding the professional desires, true strengths, weaknesses and personality to ensure the best fit within client organizations. We understand that a successful placement depends on both parties. As such, we are as concerned with our client’s motivations as we are about a potential candidate’s motives. Further, our work does not end once introductions have been made or contracts have been signed, but extends for up to a year after the placement has been completed to ensure that the both parties are satisfied and that there are no signs of dissatisfaction on either side.
Our company does not rely on big marketing campaigns or a large sales team. We have always been a 100% committed to the value of our clients’ and candidates’ referrals as they ensure our continued success. This is why we are committed to finding candidates that fit and stay.
6. Recruitment resources and networks
In China, maybe more than anywhere else in the world, networking and getting to know the right people is key to landing top jobs. Our research consultants have been in China for more than a decade. They have had time to form long-lasting, trusting relationships with the market’s key actors. Our consultants have had personal relationships with top China executives for more than a decade. They have come to understand what it takes to be a successful business leader in this fast changing market.