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Are Chinese graduates losing interest in foreign companies?

BritCham / CBBC
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The following article appeared in Weber Shandwick's Daily China News Brief on 25 August 2014.

Employment reports released in late July and August by human resource companies ChinaHR.com and Horizon Research Consultancy Group indicate that State-owned enterprises (SOEs) are now the most attractive employers for Chinese university graduates, leaving behind foreign-invested companies.

The considerable salaries and full welfare packages once offered by foreign-invested companies to attract talent have gradually been made obsolete, as private Chinese companies have begun to offer similar incentives. Plus, recent Chinese graduates value hukou (China’s household registration) more than ever, which SOEs can provide and foreign-invested companies cannot.

Despite this, Ma Ying, head of talent acquisition for the Human Resources Department of Siemens China, believes that creative solutions are available to foreign companies who are willing to invest in Chinese workers. Siemens hosts programmes for current students, including a summer camp for interns, meant both to prepare them for their careers and to acclimatise them to the corporate climate of multinational companies.

Ma is confident that Chinese employees who are accustomed to the atmosphere of a foreign-invested company will be less likely to enter a private company or SOE. 

Please click here to see details of BritCham/CBBC's workshop in Beijing on 24 September: "Creative Ways to Restructure Employee Compensation".

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