Organisers of a pioneering public recruitment drive to fill senior positions at stateowned enterprises in Guangzhou were disappointed by the poor response from applicants, South China Morning Post said.
Vacancies at some of Guangzhou’s bestknown companies were advertised in the press – the first time this has happened in China for state-owned enterprises. However, potential recruits appear to have been deterred by the low annual salaries on offer, of which the highest was Yn220,000. This compares unfavourably with an average of Yn399,000 paid to executives in foreign- 6 invested enterprises last year, according to figures recently released by the Guangzhou Labour Management Association. In addition, foreign companies also offer generous holidays and housing subsidies, now being phased out in the state sector.