BEIJING, Oct. 19, 2017 /PRNewswire/ -- Zhaopin Limited
("Zhaopin" or the "Company"), a leading career platform[2] in
China focused on connecting users
with relevant job opportunities through their career lifecycle,
released its 2017 third-quarter report on China labor market supply and demand for
white-collar workers. While the competition for jobs continued to
ease in the third quarter, the average monthly salary for
white-collar workers went up to reach RMB7,599, representing a 3% increase over
the previous quarter.
Third-Quarter of 2017 China White-Collar Labor Market
Highlights:
- The average monthly salary reached RMB7,599 in the third quarter of 2017, up 3% over
the second quarter.
- The overall economy was picking up in the third quarter, and
emerging first-tier cities were offering higher salaries and
subsidies to attract more talent, which pushed up the average
monthly salary for white-collar workers in China.
- Beijing continued to be the
city with the highest pay in the third quarter of 2017, with an
average monthly salary of RMB9,900,
up from RMB9,791 in the second
quarter.
- Competition for jobs among white-collar workers continued to
ease in the third quarter of 2017, with an average of 30.4
applications per job vacancy, down from 35.8 applications in the
second quarter.
- Online games returned to the top as the most competitive sector
for job seekers in the third quarter of 2017, with 50.0
applications per vacancy.
- The most competitive occupation in the third quarter of 2017
was software/internet development/system integration with 101.2
applications per vacancy.
Salaries going up slightly
Based on online job postings in 37 key cities in China compiled by Zhaopin, the average monthly
salary in the third quarter of 2017 was RMB7,599, up 3% over the second quarter. The
overall economy was picking up in the third quarter, and emerging
first-tier cities were offering higher salaries and subsidies to
attract more talent, which pushed up the average monthly salary for
white-collar workers in China.
|
Average monthly
salary for white-collar workers
|
|
Quarter
|
Average salary
(RMB)
|
Change over
previous quarter
|
|
Q3 2016
|
7,531
|
4.1%
|
|
Q4 2016
|
7,606
|
1.0%
|
|
Q1 2017
|
7,665
|
0.8%
|
|
Q2 2017
|
7,376
|
- 3.8%
|
|
Q3 2017
|
7,599
|
3.0%
|
Among job postings in the third quarter of 2017, 32.6% of
positions offered monthly salaries between RMB4,001 and 6,000, and 27.6% offered monthly
salaries of more than RMB8,000. About
21% of positions offered monthly salaries between RMB6,001 and 8,000.
|
Breakdown of
positions by monthly salaries in the third quarter of
2017
|
|
Salary
(RMB)
|
Percentage of
positions
|
|
Over 8,000
|
27.6 %
|
|
6,001 to
8,000
|
21.0%
|
|
4,001 to
6,000
|
32.6%
|
|
2,001 to
4,000
|
18.0%
|
|
Below
2,000
|
0.8%
|
Beijing continued to be the
city with the highest pay in the third quarter of 2017, with an
average monthly salary of RMB9,900,
up from RMB9,791 in the second
quarter. Ningbo climbed to
5th in the ranking with an average monthly salary of
RMB7,843 in the third quarter, and
Haikou jumped to 7th
from 13th with an average monthly salary of RMB7,722. Both cities were making efforts to lure
talents with attractive packages.
|
Average monthly
salary for cities in the third quarter of 2017
|
|
Ranking
|
City
|
Average monthly
salary (RMB)
|
Ranking
|
City
|
Average monthly
salary (RMB)
|
|
1
|
Beijing
|
9,900
|
20
|
Wuxi
|
7,003
|
|
2
|
Shanghai
|
9,365
|
21
|
Wuhan
|
6,992
|
|
3
|
Shenzhen
|
8,666
|
22
|
Chengdu
|
6,910
|
|
4
|
Hangzhou
|
8,301
|
23
|
Nanchang
|
6,829
|
|
5
|
Ningbo
|
7,843
|
24
|
Changsha
|
6,822
|
|
6
|
Guangzhou
|
7,776
|
25
|
Jinan
|
6,783
|
|
7
|
Haikou
|
7,722
|
26
|
Hefei
|
6,762
|
|
8
|
Dongguan
|
7,692
|
27
|
Tianjin
|
6,760
|
|
9
|
Foshan
|
7,596
|
28
|
Qingdao
|
6,665
|
|
10
|
Urumqi
|
7,595
|
29
|
Dalian
|
6,598
|
|
11
|
Nanning
|
7,469
|
30
|
Zhengzhou
|
6,578
|
|
12
|
Nanjing
|
7,441
|
31
|
Yantai
|
6,437
|
|
13
|
Suzhou
|
7,346
|
32
|
Shijiazhuang
|
6,423
|
|
14
|
Xiamen
|
7,335
|
33
|
Taiyuan
|
6,284
|
|
15
|
Guiyang
|
7,324
|
34
|
Xi'an
|
6,201
|
|
16
|
Kunming
|
7,196
|
35
|
Changchun
|
6,086
|
|
17
|
Chongqing
|
7,183
|
36
|
Shenyang
|
6,028
|
|
18
|
Lanzhou
|
7,159
|
37
|
Harbin
|
6,004
|
|
19
|
Fuzhou
|
7,015
|
|
|
|
The best-paying sector in the third quarter of 2017 continued to
be professional services/consulting (finance and accounting, legal
and Human Resources, etc.) with an average monthly salary of
RMB10,187, followed by RMB9,703 for funds/securities/futures/investment
and RMB9,336 for
academic/R&D.
|
Top 10 highest
paid sectors in the third quarter of 2017
|
|
Sector
|
Average monthly
salary (RMB)
|
|
Professional
service/consulting (finance and accounting, legal and HR,
etc.)
|
10,187
|
|
Funds/securities/futures/investment
|
9,703
|
|
Academic/R&D
|
9,336
|
|
Energy/mineral/mining/smelting
|
9,233
|
|
Intermediary
service
|
9,225
|
|
Cross-industry
operation
|
9,191
|
|
Trust/warrant/auction/pawn
|
8,657
|
|
Real
estate/construction/building materials/engineering
|
8,540
|
|
Banking
|
8,482
|
|
Traffic/transportation
|
8,373
|
The top three occupations with the highest monthly salaries in
the third quarter of 2017 were senior management (RMB20,019), IT management/project coordination
(RMB14,127) and
securities/futures/investment management/service (RMB11,690).
|
Top 10 highest
paid occupations in the third quarter of 2017
|
|
Occupation
|
Average monthly
salary (RMB)
|
|
Senior
management
|
20,019
|
|
IT management/project
coordination
|
14,127
|
|
Securities/futures/investment
management/service
|
11,690
|
|
Sales
management
|
10,961
|
|
Real estate
development/broker/agency
|
10,410
|
|
Software/internet
development/system integration
|
9,828
|
|
Project
management/project coordination
|
9,711
|
|
Hardware
development
|
9,386
|
|
Banking
|
9,313
|
|
law/legal/compliance
|
9,252
|
Wholly foreign-owned enterprises offered the highest average
monthly salary of RMB8,286 in the
third quarter, followed by RMB8,163
for joint ventures and RMB8,080 for
public companies.
|
Average monthly
salaries from different types of companies
in the third
quarter of 2017
|
|
Type of
Company
|
Average monthly
salary (RMB)
|
|
Wholly foreign-owned
enterprises
|
8,286
|
|
Joint
ventures
|
8,163
|
|
Public
companies
|
8,080
|
|
Public
institutions
|
8,037
|
|
State-owned
enterprises
|
7,968
|
|
Private
companies
|
7,357
|
Larger companies offered higher salaries in the third quarter.
Small and micro-sized companies were not competitive to attract
talent.
|
Average monthly
salaries for companies of different sizes
in the third
quarter of 2017
|
|
Size of company by
employee numbers
|
Average monthly
salary (RMB)
|
|
Below 20
|
6,977
|
|
20-99
|
7,352
|
|
100-499
|
7,445
|
|
500-999
|
7,776
|
|
1,000-9,999
|
8,227
|
|
Above
10,000
|
8,189
|
Job market competition easing for white-collar
workers
Zhaopin publishes the quarterly competitive index for the labor
market based on data collected from its online platform. The
competitive index is calculated based on the number of resume
applications divided by the number of job vacancies. For the third
quarter of 2017, the competitive index was 30.4, which means there
were an average of 30.4 applications per job vacancy, down from
35.8 in the second quarter of 2017.
Compared with the previous four quarters, the job market
competition for white-collar workers continued to ease in the third
quarter of 2017. Autumn is traditionally a slow season for job
hopping, and white-collar workers were more cautious in seeking new
opportunities.
|
Competitive
index
|
|
Quarter
|
Competitive
index
|
|
Q3 2016
|
37.8
|
|
Q4 2016
|
40.3
|
|
Q1 2017
|
44.6
|
|
Q2 2017
|
35.8
|
|
Q3 2017
|
30.4
|
(Competitive index = number of applications/number of job
vacancies)
Beijing was by far the most
competitive city for white-collar workers, with a competitive index
of 82.4 in the third quarter of 2017, down from 89.9 in the second
quarter of 2017.
|
Competitive index
for cities in the third quarter of 2017
|
|
Ranking
|
City
|
Index
|
Ranking
|
City
|
Index
|
|
1
|
Beijing
|
82.4
|
20
|
Wuhan
|
19.1
|
|
2
|
Shenzhen
|
39.7
|
21
|
Qingdao
|
19.0
|
|
3
|
Shenyang
|
39.3
|
22
|
Guiyang
|
17.9
|
|
4
|
Chengdu
|
37.8
|
23
|
Zhengzhou
|
17.1
|
|
5
|
Shanghai
|
37.4
|
24
|
Kunming
|
17.1
|
|
6
|
Tianjin
|
31.5
|
25
|
Shijiazhuang
|
16.4
|
|
7
|
Dalian
|
30.8
|
26
|
Jinan
|
16.0
|
|
8
|
Xi'an
|
27.7
|
27
|
Urumqi
|
14.0
|
|
9
|
Guangzhou
|
26.3
|
28
|
Yantai
|
13.6
|
|
10
|
Changchun
|
24.7
|
29
|
Wuxi
|
13.5
|
|
11
|
Harbin
|
23.7
|
30
|
Hefei
|
12.6
|
|
12
|
Changsha
|
20.9
|
31
|
Nanchang
|
11.3
|
|
13
|
Nanjing
|
20.8
|
32
|
Nanning
|
11.2
|
|
14
|
Chongqing
|
20.7
|
33
|
Fuzhou
|
10.0
|
|
15
|
Suzhou
|
20.3
|
34
|
Dongguan
|
9.6
|
|
16
|
Lanzhou
|
20.3
|
35
|
Xiamen
|
9.4
|
|
17
|
Taiyuan
|
20.2
|
36
|
Foshan
|
9.1
|
|
18
|
Haikou
|
19.7
|
37
|
Ningbo
|
7.7
|
|
19
|
Hangzhou
|
19.2
|
|
|
|
|
Competitive index =
number of applications/number of job vacancies
|
First-tier cities (Beijing,
Shanghai, Shenzhen and Guangzhou) continued to be the top four cities
with the highest job demand in the third quarter of 2017. Emerging
first-tier cities, including Chengdu, Hangzhou, Nanjing and Xi'an, were also among the top ten cities with
the highest job demand.
|
Top ten cities
with the highest job demand
in the third
quarter of 2017
|
|
Ranking
|
City
|
|
1
|
Beijing
|
|
2
|
Shanghai
|
|
3
|
Shenzhen
|
|
4
|
Guangzhou
|
|
5
|
Zhengzhou
|
|
6
|
Chengdu
|
|
7
|
Hangzhou
|
|
8
|
Xi'an
|
|
9
|
Nanjing
|
|
10
|
Wuhan
|
Eight of the top ten cities with most job applications in the
third quarter of 2017 were also cities with the highest job demand,
indicating that these cities with high job demand were also
attracting job seekers.
|
Top ten cities
with most job applications
in the third
quarter of 2017
|
|
Ranking
|
City
|
|
1
|
Beijing
|
|
2
|
Shanghai
|
|
3
|
Shenzhen
|
|
4
|
Chengdu
|
|
5
|
Guangzhou
|
|
6
|
Tianjin
|
|
7
|
Xi'an
|
|
8
|
Zhengzhou
|
|
9
|
Hangzhou
|
|
10
|
Shenyang
|
In terms of employer size, companies with 1,000 to 9,999
employees were the most competitive for job seekers, with an index
of 39.7, followed by 34.1 for companies over 10,000 employees. The
competition for positions in small and micro-sized companies was
relatively low due to low brand recognition.
|
Competitve index
for different size companies
in the third
quarter of 2017
|
|
Size of
Company by employee numbers
|
Index
|
|
Below 20
|
20.2
|
|
20-99
|
26.2
|
|
100-499
|
31.1
|
|
500-999
|
32.8
|
|
1,000-9,999
|
39.7
|
|
Over
10,000
|
34.1
|
Supply and demand by sector
In the third quarter of 2017, the internet/e-commerce sector
continued to top the list with the most job vacancies, followed by
real estate/construction/building materials/engineering and
education/training/college sectors.
|
Top ten sectors
with the highest job demand in the third quarter of
2017
|
|
Ranking
|
Sector
|
|
1
|
Internet/e-commerce
|
|
2
|
Real
estate/construction/building materials/engineering
|
|
3
|
Education/training/college
|
|
4
|
Funds/securities/futures/investment
|
|
5
|
Computer
software
|
|
6
|
Professional
service/consulting (finance and accounting, legal and HR,
etc.)
|
|
7
|
Trade/export and
import
|
|
8
|
FMCG (food, drinks,
alcohol and tobacco, and chemicals for daily use)
|
|
9
|
IT services
(system/data/maintenance)
|
|
10
|
Home
furnishing/interior design/decoration
|
Online games returned to the top as the most competitive sector
for job seekers in the third quarter of 2017, with 50 applications
per vacancy. The competitive index for most sectors declined in the
third quarter of 2017 from the previous quarter.
|
Top ten most
competitive sectors in the third quarter of 2017
|
|
Ranking
|
Sector
|
Index
|
Ranking in
previous quarter
|
|
1
|
Online
games
|
50.0
|
2
|
|
2
|
IT services
(system/data/maintenance)
|
42.8
|
4
|
|
3
|
Internet/e-commerce
|
41.5
|
8
|
|
4
|
Real
estate/construction/building materials/engineering
|
41.1
|
5
|
|
5
|
Computer
software
|
39.6
|
7
|
|
6
|
Telecom/carrier
operators/value-added service
|
39.2
|
1
|
|
7
|
Cross-industry
operation
|
38.7
|
6
|
|
8
|
Aviation/aerospace
research and manufacturing
|
35.0
|
3
|
|
9
|
Funds/securities/futures/investment
|
34.8
|
16
|
|
10
|
Media/publishing/movie and TV/culture
communications
|
34.8
|
12
|
Insurance continued to be the least competitive sector in the
third quarter of 2017, with 12.5 applications per vacancy, followed
by 15.6 for intermediary service and 17.0 for office supplies and
equipment.
|
Least competitive
sectors in the third quarter of 2017
|
|
Sector
|
Index
|
|
Insurance
|
12.5
|
|
Intermediary
service
|
15.6
|
|
Office supplies and
equipment
|
17.0
|
|
Printing/packaging/papermaking
|
17.6
|
|
Outsourcing
service
|
19.2
|
|
Home
furnishing/interior design/decoration
|
20.5
|
|
Processing and
manufacturing (raw material processing/mould)
|
20.6
|
|
Gifts/toys/arts and
crafts/collection/luxuries
|
22.6
|
|
Trust/warrant/auction/pawn
|
22.7
|
|
Banking
|
22.8
|
The sectors with the most job applications in the third quarter
of 2017 included internet/e-commerce, computer software and real
estate/construction/building materials/engineering.
|
Top ten sectors
with the most job applications in the third quarter
of 2017
|
|
Ranking
|
Sector
|
|
1
|
Internet/e-commerce
|
|
2
|
Computer
software
|
|
3
|
Real
estate/construction/building materials/engineering
|
|
4
|
Funds/securities/futures/investment
|
|
5
|
Education/training/college
|
|
6
|
IT services
(system/data/maintenance)
|
|
7
|
Professional
service/consulting (finance and accounting, legal and HR,
etc.)
|
|
8
|
FMCG (food, drinks,
alcohol and tobacco, and chemicals for daily use)
|
|
9
|
Media/publishing/movie and TV/culture
communications
|
|
10
|
Trade/export and
import
|
Supply and demand by occupation
The top occupations with the most vacancies for white collar
workers in the third quarter of 2017 were almost the same as in the
second quarter of 2017, including sales,
administration/logistics/secretary, and software/internet
development/system integration.
|
Top ten
occupations with the highest job demand in the third
quarter of 2017
|
|
Ranking
|
Occupation
|
|
1
|
Sales
|
|
2
|
Administration/logistics/secretary
|
|
3
|
Software/internet
development/system integration
|
|
4
|
Sales
management
|
|
5
|
Education/training
|
|
6
|
Finance/auditing/tax
|
|
7
|
Customer
service/pre-sales and after-sales support
|
|
8
|
Human
resources
|
|
9
|
Civil
engineering/construction/decoration/municipal
engineering
|
|
10
|
Internet
products/operation management
|
The most competitive occupation in the third quarter of 2017 was
software/internet development/system integration with 101.2
applications per vacancy, followed by 87.1 for IT quality
management/testing/configuration management, and 59.3 for senior
management.
|
Top 10 most
competitive occupations in the third quarter of 2017
|
|
Ranking
|
Occupation
|
Index
|
Ranking in
previous quarter
|
|
1
|
Software/internet
development/system integration
|
101.2
|
1
|
|
2
|
IT quality
management/testing/configuration management
|
87.1
|
2
|
|
3
|
Senior
management
|
59.3
|
5
|
|
4
|
Transportation
services
|
56.8
|
4
|
|
5
|
Finance/auditing/tax
|
50.1
|
3
|
|
6
|
Human
resources
|
47.0
|
6
|
|
7
|
Administration/logistics/secretary
|
41.5
|
8
|
|
8
|
Civil
engineering/construction/decoration/municipal
engineering
|
38.5
|
7
|
|
9
|
Purchasing/trade
|
36.1
|
10
|
|
10
|
IT operation and
maintenance/technical support
|
36.0
|
12
|
The least competitive occupations in the third quarter of 2017
were healthcare/beauty/hairdressing/bodybuilding with 9.7
applications per vacancy, followed by 10.3 for
community/residency/housekeeping, and 10.5 for insurance.
|
Least competitive
occupations in the third quarter of 2017
|
|
Occupation
|
Index
|
|
Healthcare/beauty/hairdressing/bodybuilding
|
9.7
|
|
Community/residency/housekeeping
|
10.3
|
|
Insurance
|
10.5
|
|
Mechanic/operator
|
11.2
|
|
Sales
|
11.7
|
|
Cooking/catering/food
R&D
|
11.7
|
|
Farming/forestry/animal husbandry/fishery
|
12.3
|
|
Trust/warrant/auction/pawn
|
14.8
|
|
Hospital/medical
care/nursing
|
15.5
|
|
Customer
service/pre-sales and after-sales support
|
16.0
|
The top ten occupations with the most job applications in the
third quarter of 2017 were almost the same as in the second quarter
of 2017.
|
Top ten
occupations with the most job applications in the
third quarter of 2017
|
|
Ranking
|
Occupation
|
|
1
|
Software/internet
development/system integration
|
|
2
|
Finance/auditing/tax
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|
3
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Administration/logistics/secretary
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4
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Human
resources
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5
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Civil
engineering/construction/decoration/municipal
engineering
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6
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Sales
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7
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Sales
management
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|
8
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Internet
product/operation management
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9
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Art/design
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10
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Marketing
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About Zhaopin Limited
Zhaopin is a leading career platform in China, focusing on connecting users with
relevant job opportunities throughout their career lifecycle. The
Company's zhaopin.com website is the most popular career platform
in China as measured by average
daily unique visitors in each of the 12 months ended June 30, 2017, number of registered users as of
June 30, 2017 and number of unique
customers[3] for the three months ended June
30, 2017. The Company's over 140.0 million registered users
include diverse and educated job seekers who are at various stages
of their careers and are in demand by employers as a result of the
general shortage of skilled and educated workers in China. In the fiscal year ended June 30, 2017, approximately 49.3 million job
postings[4] were placed on Zhaopin's platform by 613,083 unique
customers including multinational corporations, small and
medium-sized enterprises and state-owned entities. The quality and
quantity of Zhaopin's users and the resumes in the Company's
database attract an increasing number of customers. This in turn
leads to more users turning to Zhaopin as their primary recruitment
and career- related services provider, creating strong network
effects and significant entry barriers for potential competitors.
For more information, please visit http://www.zhaopin.com.
For more information, please contact:
ICR Beijing
Mr. Edmond Lococo
Phone: +86 10 6583-7510
Edmond.Lococo@icrinc.com
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[1] This announcement
may include certain statements that are not descriptions of
historical facts, but are forward-looking statements.
Forward-looking statements can generally be identified by the use
of forward-looking terminology such as "will," "should," "may,"
"believes," "expects" or similar expressions. All of such
assumptions are inherently subject to uncertainties and
contingencies beyond the Company's control. The Company does not
undertake any obligation to update any forward-looking statement,
except as required under applicable law.
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[2] Zhaopin's website
is the most popular career platform in China as measured by average
daily unique visitors in each of the 12 months ended June 30, 2017,
the number of registered users as of June 30, 2017 and the number
of unique customers for the three months ended June 30,
2017.
[3] A "unique
customer" refers to a customer that purchases the Company's online
recruitment services during a specified period. Zhaopin makes
adjustments for multiple purchases by the same customer to avoid
double counting. Each customer is assigned a unique identification
number in the Company's information management system. Affiliates
and branches of a given customer may, under certain circumstances,
be counted as separate unique customers.
[4] Zhaopin calculates the number of job postings by counting the
number of newly placed job postings during each respective period.
Job po
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View original
content:http://www.prnewswire.com/news-releases/china-white-collar-average-salary-went-up-in-the-third-quarter-of-2017-1-300539661.html
SOURCE Zhaopin Limited