Domestic companies, especially State-owned enterprises (SOEs), are among the most popular choices in employment for university students in China. job-hunting firm ChinaHR.com report that at the same time, but new graduates’ salary expectations are falling.
The annual survey called Best Employers for Chinese University Students, which has been running since 2002, assessed companies’ compensation, corporate brand, corporate culture and employee development.
This year’s survey, which was conducted between November 2007 and April 2008, looked at 182,000 graduates, undergraduates, PhD and college students from 676 universities and colleges nationwide.
According to the report, 56% or 28 of the top 50 employers were Chinese enterprises, marking the first year when domestic groups beat their foreign counterparts in the survey.
Four of the top five groups were domestic flagship firms, and included China Mobile Communications Corp, Huawei, Lenovo and Haier.
In 2004 just 17 domestic firms were in the top flight. In 2005 the survey reported 19 while 2006 and 2007 saw the number of local groups rise to 24 and 25 respectively.
Nearly one fourth of those surveyed said SOEs were their first choice when seeking employment.
However, insiders claimed that, amid intensified competition in the employment market, job seekers, including university students, attached great importance on job stability, which is one of SOEs’ strengths.
Compensation packages in SOEs are also lucrative as are welfare, stock dividends and pension.
The 2008 Best Employers for Chinese University Students reported that students’ salary expectations were continuing to decline, due to the intensified competition and practical and reasonable self-evaluation.
Source: China Daily