The employment rate of Chinese college graduates in 2010 increased by 4.2 percentage points year on year, according to statistics released by the Ministry of Education (MOE) in July 2010.
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KUALA LUMPUR: Asia’s quick recovery from the global economic slump could spur a buying spree among local banks, insurance companies and other financial institutions that will create super regional players , PriceWaterhouse Coopers said this week. (21.07.10)
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The big three Singaporean banks – DBS, UOB and OCBC – are taking a more aggressive and flexible approach in the Chinese recruitment market in order to compete with domestic and other foreign banks.
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The recent business expansion of foreign banks in China has created an urgent need for recruiting more risk management professionals.
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Many employers are now filtering applicants by degree grade. Intense competition for graduate jobs means that more than three quarters of employers require at least a 2:1 degree grade, a survey suggests.
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Hong Kong banks and financial-services companies are leading the way as the city's employers step up hiring and say they are willing to pay more money to retain staff, according to a report by a leading staffing services firm.
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The strong economic recovery has led to more people securing jobs. Total employment rose by 36,500 in the first quarter of 2010........
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China's central authorities have set down a more open policy to attract top-notch foreign talents to help promote the economic and social development and global competitiveness of the nation.
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In the last 12 months demand for Commercial Bankers within the China market has fluctuated greatly.
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Confidence among recruitment companies around the world about the prospects for hiring rose 11% in the five months to May so that 67% now expect revenue growth in the second half of the year, the Association of Executive Search Consultants said Tuesday.
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Beijing is planning to introduce its first-ever immigration laws in an effort to control the increasing number of foreigners coming to China to work.
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Leading labour analysts, Hewitt estimates that the average voluntary employee turnover rate for foreign companies in China will this year return to pre-crisis levels of more than 15 per cent. Last year, the rate fell to 14.2 per cent from 17.4 per cent in 2008.
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In general, the banking and financial services sector expects a positive headcount growth; with the vast majority of those polled expecting to hire additional staff during the year.
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In line with the economic recovery most employers are increasing their internal budgets for their 2010 headcount, which helps to drive buoyancy within the sector.
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India and China are likely to lead salary increases in Asia next year, tracking growth in two of the region’s three biggest economies, Hewitt Associates Inc. said recently.
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Chancellor Alistair Darling has announced plans for a one-off super-tax on bankers' bonuses as part of his pre-Budget report.
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MANAGERS in Singapore have the third-highest spending power in Asia, behind those in Hong Kong and Thailand, according to a survey out yesterday (13/12/09).
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On the challenge of keeping staff happy without upsetting global colleagues Investment banks face a thorny issue in Asia-Pacific, the fastest-growing region: how to reward staff who perform well.
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Alistair Ramsbottom, Consult Group’s Head of Banking and Finance for Greater China comments on current trends in the Chinese banking and finance market for talent.
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Despite public concern over growing bonuses, more competition is the right approach.
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