Comparison Tool

Comparison Tool

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Compare Country Results

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Countries

Overall score

Score by Indicator

4.0
in 2016 4.3
0 2.5 5 7.5 10

Key drivers

Labour market participation

Rising participation rates contributed to a fall in China’s score this year, although growth in participation has begun as it’s dampened by the falling youth participation rates.

Talent mismatch

A fall in unfilled vacancies as a proportion of total employment has contributed to China’s lower score, indicating that employers are finding it easier to find workers with the right skills.

Overall wage pressure

Overall wage pressure eased, with strong but slower real wage growth. Although lower than past levels, wage growth is the highest amongst countries in the Hays Global Skills Index.

COMPARISON TOOL

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COUNTRY OVERVIEW

Ground View

Simon Lance, Managing Director, Hays Greater China

Mainland China’s Overall Index score has steadily decreased over recent years, indicating and improved ability for the local labour market to meet the demands of employers. Organisations have continued to localise their workforces, showing a strong preference for local Chinese candidate when sourcing for both technical and management positions. Strong leadership and soft skills are required to secure the top vacancies, with an entrepreneurial mind-set appealing to many rapidly growing Chinese-owned organisations. In line with increasing uncertainty in global economies, top talent is likely to be attracted to organisations able to demonstrate strong financial backing, positive management culture, and tangible competitive advantages in their industry.

Simon Lance, Managing Director, Hays Greater China

Country Profile

After a long period of rapid industrialisation, Chinese firms are moving up the value chain, paying their staff higher wages and exiting some labour insensitive sectors.

As China becomes more service-orientated, the country’s economic growth rate is slowing. This is to be expected, because it is harder to increase productivity in services compared to industrial activities.

Wages in China are expected to rise by 5.8 per cent in 2017. That is slightly lower than 2016, where wages grew by 6.3 per cent, but the growth rate is still higher than other countries featured in the Global Skills Index.

Key skills in demand

  • Internet, eCommerce and digital professionals
  • R&D professionals in high-tech industries
  • PE/VC and M&A experts
  • Business development and account management professionals
  • Audit, risk, compliance and legal professionals

News and Press Materials

Simon Lance, Managing Director, Hays Greater China