Starbucks Corp will issue stock options to mainland employees of ventures in which it has a controlling stake, the South China Morning Post reported. The Nasdaq-listed company will issue stock options equal to about 14% of base salary to about 50% of almost 5,000 mainland employees, from top executives to the floor staff, including part-time […]
Category: Employment & Education
Marsh & McLennan, the global risk advisory group, is planning to focus heavily on its human resources and Olympics-related businesses in China in the short term, its chief executive, Michael Cherkasky, told the <i>Financial Times</i>. MarshMac's China business accounts for less than 1% of its $12 billion global revenues, but the company expects sales to […]
Eastman Kodak, Dell and Apple supplier Foxconn are among the targets for unionization set by the All-China Federation of Trade Unions (ACFTU), following its successful introduction of labor representation at Wal-Mart's 62 stores. ACFTU director general Guo Wencai said the success with Wal-Mart had increased demands for unions to be set up in all foreign-funded […]
China is one of the easiest places for recruiters to lure expatriate executives, but is also one of the hardest places for them to succeed, according to a survey, Reuters reported. The 10th quarterly executive recruiter index released by executive recruitment firm Korn/Ferry International, which surveyed more than 140 international recruiters, found success was toughest […]
At least five provinces, municipalities and cities have raised minimum wages in a move many believe is aimed at boosting migrant workers' salaries, the South China Morning Post reported. The increases went into effect from the start of the month in Guangdong, Shanghai, Zhejiang, Gansu and Liaoning's capital, Shenyang. State media reported that Guangdong, which […]