Handing out hongbao’s when staff returns from Spring festival is one way how Chinese companies retain staff. WeChat expert Matthew Brennan joined Tencent’s CEO Tony Ma handing out hongbao’s last Friday in Shenzhen to some of this 43,000 employees, he reports on his LinkedIn page.
Category Archives: labor
Millions of migrant workers left behind their children in their home villages, developing mostly unheard problems. Author Zhang Lijia, who earlier published Lotus: A Novel on prostitution in China, is now working on a book on this hidden drama, including epidemic suicide, and she started publishing their stories in the South China Morning Post.
Women have been bearing most of the burden of China’s shift from state economy to market economy, says author Zhang Lijia of Lotus: A Novel, on prostitution in China, at the BBC World Service. Despite a lot of advantages, women suffered severe setbacks. State owned companies let women go at 45 years of age, and getting hired at the sexist job market has been harder than ever, she adds. “Some refuse to hire women at a child-bearing age.”
Author Zhang Lijia of Lotus: A Novel, a book on prostitution in China, comments on the forceful eviction of migrants in Beijing. It shatters their China dream, she tells Sky News. How can you do that when you call yourself a socialist country?
American and European companies in China are complaining they are less welcome than in the past. That might be a correct feeling, says business analysts Shaun Rein to Bloomberg, for example when it comes to a higher living standard for their workers in China.
China’s best and brightest still prefer government jobs over joining the private sector, says professor Zhang Juwei, a researcher at the Chinese Academy of Social Sciences’ Institute of Population and Labor Economics to CNN. “The private sector in China is not very well structured or developed.” But government jobs are hard to get
The wealth gap in China, reflected in the gini coefficient, is moving into dangerous heights, and government action is needed to narrow to divide between rich and poor, says professor Zhang Juwei, director of the labor and social security research center at the Chinese Academy of Social Sciences to the China Daily.
Top executives at China’s internet giant Tencent earn higher salaries than their counterparts at Amazon, Twitter, Intel Apple and IBM, according to job portal Zhaopin.com. Business analyst Shaun Rein is not surprised, he tells the South China Morning Post. There is no other way to retain their talent in China.
Rising wages have already put China in the same cost-league as Portugal and South-Africa, forcing manufacturers to low-wage countries. But that is only one challenge for a major shift in the labor market, says business analyst Ben Cavender to CNBC.