Editor’s Note: Zhaopin recently compiled a list of the top 30 companies to work for in China. 22 of the companies were Chinese and included Alibaba, Tencent, Ping An Insurance and China Merchants Bank. China’s young workers seem to value a company’s commitment to its employees, and would rather work for a company that cares than one that pays extremely well.
Zhaopin, China’s largest career platform, recently announced its annual rankings of employers in Mainland China. The company surveyed more than nine thousand companies in partnership with Peking University’s China Social Science Research Center.
The Top 30 Companies
Tencent was ranked the top employer in China. The top ten included China Merchants Bank, BMW China, Alibaba Group, China People’s Insurance Group Co. Ltd, China Vanke Group, Ping An Insurance Group Co. Ltd., IBM, Mercedes-Benz, and Starbucks.
Baidu was ranked the 12th best employer in China. Tencent, Alibaba, Baidu, JD, 360, and IBM were included in the 30 best employers in China. Other companies on the list included car manufacturers and finance companies.
22 Chinese companies were included in the top 30 companies to work for in China. This indicates that, “local businesses are increasingly able to attract talent on a comparable level to well-known foreign companies.”
Helping Students and Women
A number of companies were singled out for their encouragement of Chinese university students. These companies include IBM, Wanda Group, GOME Electrical Appliances, Lenovo China, Nestle, and Tencent.
Other companies were honored for their support of their female employees. These included Alibaba, BMW China, Bank of Communications, JD, Joyoung, Microsoft China, ICBC China, and GREE Electric.
The survey reported that female employees are less likely to change jobs than male employees. Nearly 38 percent of female employees have never changed their job, compared to 27 percent of male employees. 20 percent of female employees in China have been working at their current job for more than five years, compared with 10 percent of male employees. When asked about their focus for the next three years, female employees said that will focus on honing their skills, work on getting recognized as competent by their employer and self-realization.
How Were Companies Ranked?
37 percent of university graduates hope to work at foreign companies, and 21 percent want to work at state-owned enterprises. The five most popular cities for recent graduates are Beijing, Shanghai, Chengdu, Guangzhou, and Hangzhou. Zhaopin reported that university graduates except to earn 5792 RMB per month as a starting salary.
How did Zhaopin determine which companies are the best employers? According to the survey, workers saw a company’s respect for and commitment to its employees as more important than employee salaries. Young Chinese born in the 80s and 90s seem to believe that the former is more important than the latter.
Source: DW News
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Keywords: Best companies to work for in China Zhaopin China
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