China Talent Trends
China’s labor market continued its slow growth in Q4. As a result, the mining and manufacturing sector didn’t add jobs to the workforce as quickly and pay wages have stagnated.
With the labor market tightening, Chinese employees are hesitant to look for another job and are hunkering down. However, if employees do see themselves switching jobs, the biggest incentive remains compensation (66 percent) with development opportunities (37 percent) and future career opportunities (31 percent) rounding out the top three.
Organizations looking to attract top talent should ensure that they are using their employment value proposition to address what candidates want in a job and employer. While compensation is a critical component, outlining potential career paths and opportunities for a candidate to develop new skills to enhance their marketability will be important.