Due to successful advances and an ever-present need for digital media and e-commerce platforms, these areas of expertise are expected to have a large impact on China’s 2016 job market. China will continue to have a high demand for highly skilled workers in these fields due to the ever growing and expanding need for IT. These trends are increasingly rewriting the country’s commercial landscape, and will continue to do so for 2016 and beyond.
China, holding the world’s second largest economy, will be making the most of internet technologies due to the government’s push to expand the growth model. This has also expanded the field of zealous entrepreneurship according to recruiting and hiring experts. As technology increases, so will the need for those skilled in Information Technology and related areas of study.
China has been aggressive in its approach tackling the digital industry which will continue to benefit the country greatly, given its market-based reform. It will also help to create a new growth engine for China’s society. As the popularity of the internet and mobile technologies increase, we will continue to see substantial changes in China’s job market. As this digital era continues to expand and becomes an inherent aspect of people’s everyday lives, recruiting firms and commercial companies will force employers to seek individuals with technological backgrounds and expertise.
Social Media and Digital Marketing is expected to grow exponentially for 2016. Thanks to China’s Government Internet Plus strategy, employers will be focusing on retaining talent and new hires. This approach expands the use of technology; combining big data, mobile internet, and utilizing the use of an online cloud.
Another booming trend for China will be employer’s increase of RPO investments, which will also drastically affect the job market.
A trillion dollars in size, China’s economy, is made up of a multitude of sub-economies. While some job industries are on the decline, many others are flourishing. Due to growth in technology, the job market could very well in fact rapidly displace many people. Workers might be forced to reskill themselves to meet new forms of economic growth.
China’s Top Ten 2016 Trends:
1. Technology Explosion: Those well versed in the technology sector will be greatly needed as more businesses incorporate internet to enhance efficiency and effectiveness. This also includes the rise of mobile websites. Not only will there be an increased demand for those skilled in IT fields, but those who understand how to use the current models to do business.
2. Domestic Company Growth: Career advancement with local companies will continue to convince China’s workforce that a leap from MNCs to domestic firms will be well worth their job efforts. Employees will reap the benefits and a sense of achievement choosing to work at a company’s headquarters due to greater opportunities. Many homegrown Chinese businesses in operation for some years look for senior level talent, which will also open doors for experienced Human Resource leaders in 2016.
3. The rise of RPO Investment: To better gain expertise in recruiting, many of China’s employers will outsource their recruitment for 2016. This will accomplish more desirable results by reducing in-house recruitment headcounts.
4. Local HR Professionals: There will be a new and rising trend for China as local companies tend to value the importance of having a strong HR department. Because of strong growth, these homegrown companies can now offer competitive salaries for local HR professionals. Often included in these salary packages are Restricted Stock Units or pre-IPO shares. These competitive benefits will attract more multinational trained HR experts.
5. Healthcare: The healthcare industry is expected to grow faster for China in 2016. Due to increased income, managing health will continue to be of importance to the Chinese people. Due to the ongoing development of mobile internet, online medical service will continue to expand the industry. These services include diagnosis and prescription medication. Also, due to the serious air pollution problem plaguing China, healthcare concern will continue to rise.
6. Digital Expansion: E-commerce will continue to push traditional industries to ramp up their efforts to include internet technologies to do their business. This will not only include standard websites but mobile sites and phone apps as well. Also, it will increase the need for marketing professionals due to the demand for a social media presence (such as Facebook and Twitter).
7. Wages on the Rise: Even with a slowing economy, wages will be expected to rise due to the lack of skilled and qualified candidates among certain industries. Many employers will do their best to accommodate qualified talent in China, for the purpose of retention due to fierce competition.
8. Chinese New Year and its Effects: Recruiters and Candidates will find this is their busiest time of year, as many will start looking for new work and employment opportunities after collecting their holiday bonuses.
9. Human Resources and System Advancements: HR professionals with MNC experience will be in demand for many local and domestic companies. Western-style systems will be introduced to help manage China’s headcount in 2016.
10. Flexibility of the Labor Market: Vocational certifications will be revisited by policy makers to reduce time constraints on talent movement across industries. These possible policy changes will aid employers to utilize a prospect’s transferable skills. China’s job market will become more fair, competitive, and more active as a result.
As you can see, China is advancing very quickly to meet the demands of the western world. With an increasing need for social media platforms, e-commerce, online industries, and the explosion of the Digital Era- many IT fields will be in high demand. Business will be almost expected to create an online presence to match those of their competitors. Homegrown companies will expand benefits to keep local employees, and increase salaries to entice potential candidates. As online medical services continue to expand, the healthcare industry is expected to grow. Human Resource related fields will continue to expand, due to advancements. If an employee wants to remain competitive in China’s job market, information technology will be crucial to their success. Not only for 2016 but in the years to come.