Market Insight – Comirse China 2023 Q4 Recruitment Trends Report

January 10, 2024
Article cover page
 

In the ever-changing business landscape, the recruitment market encounters challenges. After adjustments, we enter Q4, reflecting on 2023’s ups and downs. Some industries faced unexpected challenges, yet others found opportunities in recruitment. As we navigate these shifts, we focus on understanding job market trends.

 

Highlighting Excellence

Flannel image that describes the salary distribution in China
Average Salary Distribution

 

Amid a macro environment emphasizing cost reduction and efficiency improvement, the overall compensation level increased in the fourth quarter, bringing forth numerous high-quality job opportunities. For outstanding talents, companies also demonstrated more generous compensation to encourage their recruitment.

 

Decoding the Active Sectors in the Recruitment

The three most active industries in recruiting during the fourth quarter were:

  1. Pharmaceuticals/Biotechnology
  2. Electronics Technology/Semiconductors/Integrated Circuits
  3. Mobile Internet

 

The fourth-quarter recruitment activities showed a clear trend of industry concentration, indicating strong market and talent demand. These three industries’ active recruitment provides job seekers with abundant opportunities in cutting-edge fields, deserving attention and exploration.

 

High-Paying Positions Exploration

Flannel image that shows the top 5 industries with the highest average fixed annual salary positions.
Top 5 Industries with the highest average fixed annual salary positions

 

Various industries demonstrated relatively high average fixed annual salary levels, providing professionals with a diverse range of compensation choices. Each field also highlighted the fierce competition for top-tier talent, reflecting the importance and attractiveness of high-quality professionals.

 

Image of average salary for top 5 functional positions
Top 3 positions by functions

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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