Global financial crisis brings recession both in economy and job market. With the uncertainty of economic slowdown, many workers maintain that nothing can be more important than securing jobs.
As numerous companies are slashing salaries and headcounts, it is reported that more employees are becoming cautious with job-hopping and looking for good advices.
A lot of employees feel the current situation could worsen Read more…
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China, crisis, economy, job, market, recession
According to the country’s top labour official, the bleak employment situation may worsen next year because of the global financial crisis. Minister of human resources and aocial security Yin Weimin also said that the unquiet labour is the “top concern” of the ministry.
The registered unemployment rate in urban area remained stable at 4% during the first ten months but since last month, the worsening global economic situation has started to give more stress on China’s job market, according to Read more…
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China, government, job, labour, prospect, seeker
Some visitors to a national job fair said on November 18 that layoffs and a shrinking job market have forced fresh graduates to lower their expectations of finding good jobs.
Organized by the Ministry of Human Resources and social security, the job fair began last Sunday, offering information on more than 520,000 vacancies for graduates, will travel to several major cities for two weeks.
Luo Fengming is Read more…
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China, economy, expectation, job, seekers, visitor
After suffering massive losses from deteriorating debt, Citigroup Inc, is going to cut about 53,000 more jobs in the coming quarters as the banking giant struggles to steady itself.
This news has been posted on the company’s website. Moreover, at the town hall meeting of the company, the plans were being discussed by CEO Vikram Pandit in New York on Nov 17 with employees.
In October, the company had already announced that it was eliminating about 22,000 jobs from the Read more…
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China, Citigroup, company, debt, job, loss
As a global recession starts to spread, employees in the west, from bankers to factory staff, face the gloomy future of losing their jobs. For the people facing the same prospect in the East, the suffering comes more from the pay cut.
Human resource experts explain culture differences is the reason for Asian firms’ efforts to preserve jobs in difficult times, which may lead to unemployment or may keep Asian economies up under the situation of slowing exports.
The East culture may also help firms recover quickly from the recession since they will not need to reemploy or train new staff, making a prediction of a Western shift to Eastern thinking pattern.
“In the Confucian mindset, the right thing to do is to share the burden. There’s that sense of collective responsibility whereas in the West, it’s more about Read more…
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Asia, burden, cut, job, pay, West
Looming global financial crisis bring disasters everywhere. Many consider the future for the country’s fresh college graduates to be bleak. The terrible situation graduates face is divided into three parts as follows.
The first one is number of graduates. The official figures shows job hunter number will grow to 6 million with 7 percent increase of this year.
The second one is experience. Carol Cai, a employee of British market research company TNS said,” First, the new recruits are halved, besides, most positions requires experience”. “Fresh graduate posses disadvantage when hunting job with unemployed experienced ones.” Tang Xiaolin, director of the career development center of Fudan University had similar opinion.
The third Read more…
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financial, global, graduate, hunt, job
Senior Professional
Recruitment
China Investment Corporation (CIC) is a State-owned investment company established under the Chinese Company Law in September 2007 in Beijing.
CIC engages in financial portfolios investment overseas. We are now recruiting senior professionals globally and job location is in Beijing.
For more details on job descriptions, please visit our website http://recruit.china-inv.cn.
Candidates should apply online, and all information submitted will be kept confidential.
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CIC, job, professional, recruitment, senior
