| J.M.Gemini - China |
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| Despite Economic Recession, Executive Jobs In Several Sectors Expected To Grow In 2009 |
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According the latest semi-annual Member Outlook Survey conducted by AECS in December of last year, several market sectors are expected to strengthen despite the state of the world economy. Search consultants anticipate executive job opportunities to increase in healthcare (32%), government (30%), pharmaceuticals/biotech (26%) and natural resources (26%). |
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While the overall outlook of search consultants for 2009 is negative, recruiting demand in several industries is expected to remain stable throughout the year, including non-profit (52%), education (48%), professional services (39%), media/entertainment (34%) and information technology (30%). Also members surveyed expect the global executive job market to rebound in the second half of 2009. |
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The survey findings reveal that search consultants expect to see the greatest scarcity of talent in finance and accounting positions, as well as in executive management/board positions and engineering posts. Globally, China is expected to see the greatest need for executive talent in 2009 (66%), followed by India (43%) and Eastern Europe (30%). |
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J. M. Gemini is uniquely placed to assist clients in their executive and senior management needs offering both Executive Search and Interim Management solutions. For further information please contact franke@imsinchina.com or anthonya@jmgemini.com |
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| China encourages graduates |
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The State Council pledged to give top priority to the employment of university graduates, reflecting the spread of the global financial crisis and the "austere" job situation. |
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Premier Wen Jiabao presided over a cabinet meeting in January on the issue of employment of university graduates, China's "valuable human resources". The council decided to adopt more measures to promote the employment of university graduates: |
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Subsidies and social insurance will be offered to graduates who work in villages |
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Government will help those who work in remote areas to repay student loans |
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Graduates are encouraged to work for small or private companies |
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Graduates are encouraged to start businesses, with favorable tax and loan policies |
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Universities were ordered to improve their job placement services |
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According to published reports, China had nearly 5.6 million university graduates in 2008, and this year, the figure is expected to top 6 million. |
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Source: Xinhua (07-01-2009) |
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