Recruitment Trend Report Q1 2024 – China Market

4月 23, 2024
 

Chinese Recruitment Market Overview:

In the first quarter of 2024, under the background of high-quality development, China’s economic operation has shown a continuous recovery trend, which has promoted the effective improvement of the economy in quality and reasonable growth in quantity. China’s GDP in the first quarter reached 29k billion CNY, a YOY growth of 5.3%. In March, the PMI also rose more than 50%, and the signal of China’s economic recovery has gradually strengthened.

In this context, enterprises are faced with the dual challenges of structural change optimization and business direction adjustment, which has a huge impact on the recruitment trend in the Chinese market.

Through big data analysis and comparison, Comrise complied and released the “Recruitment Trend Report of Q1 2024”, which shows the current recruitment market mainly presents the following trends:

 

Recruitment Market Trend Analysis:

With the recovery of the economy and the recovery of the market and the improvement of market activity, the flow of talent will accelerate. Employees are more likely to try to change jobs or seek new career opportunities, and companies are likely to be more active in finding the right talent and meet business needs. Despite the overall growth trend in the recruitment market, there is still an inequity in the supply and demand of talent in certain industries or job areas.

With the adjustment of economic structure and development of the industry, the demand for professional talents and general talents in different industries may also be different. Some industries may be more focused on expertise and industry experience, while others are more focused on generic cross-border capabilities and leadership. In the face of rapidly changing market demand and technological progress, enterprises are also paying more attention to talent training and development.

 

Market Insights:

The global economic recovery trend is clear, and many industries are gradually recovering vitality. Companies around the world are also increasingly in demand for talent. Compared with last year, the top three fields of IT/Internet/games, real estate/construction, energy/chemical/environmental protection, this year, the field of artificial intelligence, big data and internet of things and other technologies continue to expand the scope of application, digital and technology industries will continue to become a popular choice for job seekers. In addition, the health technology sector is also attracting attention, especially in the context of the global health crisis, which future increases the demand for healthcare innovations and digital solutions. The emphasis on sustainability and social responsibility will also influence the choice of job seekers to focus on the new energy industry, making it one of the hottest fields in the market.

Recruitment Salary and Trends:

Among the industries with the highest salaries, the financial industry topped the list, followed by computer software, electronic technology/semiconductors, new energy/electrical/power, and pharmaceutical/bioengineering. Taken together, the high salaries in these industries reflect their importance in technological innovation for economic development, as well as the demand of a variety of professionals. As these industries continue to grow and develop, pay levels will continue to increase.

Among the top five functional job recruitment salaries in the first quarter of 2024, we saw the figure of technical positions such as chip engineers, NLP engineers, artificial intelligence engineers, and software research and development, with an average monthly salary of more than 20k CNY. This highlights the importance and attractiveness of technology jobs in the market. Companies are willing to offer higher pay packages for talent with relevant skills to attract and retain talents.

 

About Comrise

At Comrise, we offer tailored solutions for the full-time, part-time, direct-hire, contract, and permanent talent that your business needs. For 39+ years, we have delighted our clients and candidates by focusing on customer satisfaction, innovation, and flexible workforce solutions! 

If you’re looking for new job opportunities click here, or if you’re looking for a reliable partner to help you secure top-notch candidates for hard-to-fill roles, click here.

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