BEIJING, April 11, 2017 /PRNewswire/ -- Zhaopin Limited
(NYSE: ZPIN) ("Zhaopin" or the "Company"), a leading career
platform[1] in China focused on
connecting users with relevant job opportunities throughout their
career lifecycle, released its 2017 first-quarter report on
China labor market supply and
demand for white-collar workers. With intensifying competition
among white-collar workers for jobs in the first quarter of 2017,
the increase in average monthly salaries slowed down
significantly.
First-Quarter of 2017 China White-Collar Labor Market
Highlights:
- The average monthly salary edged up only 0.8% to reach
RMB7,665 in the first quarter of
2017, from RMB7,606 in the fourth
quarter of 2016.
- Beijing continued to be the
city with the highest pay, with an average monthly salary of
RMB9,942, followed by RMB9,802 in Shanghai, RMB8,892 in Shenzhen and RMB7,996 in Guangzhou.
- Competition among white-collar workers for jobs heated up in
the first quarter of 2017, with an average of 44.6 applications per
job vacancy, up from 40.3 applications in the fourth quarter of
2016.
- Beijing was by far the most
competitive city for white-collar workers, with 96.0 applications
per vacancy in the first quarter of 2017, followed by Shenzhen (60.5), Chengdu (59.4) and Shanghai (53.3).
- The most competitive sector for job seekers in the first
quarter of 2017 was online games, with 73.0 applications per
vacancy.
- Software/internet development/system integration was the most
competitive occupation in the first quarter of 2017, with 136.1
applications per vacancy.
Salary growth slowed down
Based on online job postings in 37 key cities in China compiled by Zhaopin, the average monthly
salary in the first quarter of 2017 edged up only 0.8% to reach
RMB7,665, from RMB7,606 in the fourth quarter of 2016. The
growth of average salaries for white-collar workers hit the brakes
during the past two quarters, slowing down from a 4.1% rise in the
third quarter of 2016.
Average monthly
salary for white-collar workers
|
Quarter
|
Average salary
(yuan)
|
Change over
previous quarter
|
Q1 2016
|
7,018
|
3.9%
|
Q2 2016
|
7,233
|
3.1%
|
Q3 2016
|
7,531
|
4.1%
|
Q4 2016
|
7,606
|
1.0%
|
Q1 2017
|
7,665
|
0.8%
|
Among job postings in the first quarter of 2017, 33.0% of
positions offered monthly salaries between RMB4,001 to 6,000, and 25.3% offered monthly
salaries of more than RMB8,000. About
18.0% of positions offered monthly salaries below RMB4,000.
Breakdown of
positions by monthly salaries in the first quarter of
2017
|
Salary
(RMB)
|
Percentage of
positions
|
Over 8,000
|
25.3%
|
6,001 to
8,000
|
23.8%
|
4,001 to
6,000
|
33.0%
|
2,001 to
4,000
|
16.4%
|
Below
2,000
|
1.6%
|
Beijing continued to be the
city with the highest pay in the first quarter of 2017, with an
average monthly salary of RMB9,942,
followed by RMB9,802 in Shanghai, RMB8,892 in Shenzhen and RMB7,996 in Guangzhou. Foshan in Guangdong Province jumped to 5th in
the country, with an average salary reaching RMB7,873.
Average monthly
salary for cities in the first quarter of 2017
|
Ranking
|
City
|
Average
monthly salary
(RMB)
|
Ranking
|
City
|
Average
monthly salary
(RMB)
|
1
|
Beijing
|
9,942
|
20
|
Kunming
|
6,862
|
2
|
Shanghai
|
9,802
|
21
|
Wuhan
|
6,769
|
3
|
Shenzhen
|
8,892
|
22
|
Tianjin
|
6,733
|
4
|
Guangzhou
|
7,996
|
23
|
Lanzhou
|
6,704
|
5
|
Foshan
|
7,873
|
24
|
Zhengzhou
|
6,692
|
6
|
Dongguan
|
7,862
|
25
|
Hefei
|
6,684
|
7
|
Ningbo
|
7,680
|
26
|
Nanchang
|
6,669
|
8
|
Hangzhou
|
7,608
|
27
|
Changsha
|
6,660
|
9
|
Suzhou
|
7,548
|
28
|
Qingdao
|
6,651
|
10
|
Xiamen
|
7,452
|
29
|
Dalian
|
6,631
|
11
|
Haikou
|
7,407
|
30
|
Jinan
|
6,487
|
12
|
Nanjing
|
7,342
|
31
|
Shijiazhuang
|
6,413
|
13
|
Urumqi
|
7,095
|
32
|
Shenyang
|
6,367
|
14
|
Fuzhou
|
7,073
|
33
|
Taiyuan
|
6,355
|
15
|
Guiyang
|
7,023
|
34
|
Yantai
|
6,274
|
16
|
Wuxi
|
7,021
|
35
|
Xi'an
|
6,197
|
17
|
Chongqing
|
6,971
|
36
|
Changchun
|
6,090
|
18
|
Nanning
|
6,946
|
37
|
Harbin
|
5,915
|
19
|
Chengdu
|
6,941
|
|
|
|
The best-paying sector in the first quarter of 2017 continued to
be professional services/consulting (finance and accounting, legal
and HR, etc.) with an average monthly salary of RMB9,947, followed by RMB9,467 for funds/securities/futures/investment
and RMB8,995 for banking.
Top 10 highest
paid sectors in the first quarter of 2017
|
Sector
|
Average
monthly
salary (RMB)
|
Professional
service/consulting (finance and
accounting, legal and HR, etc.)
|
9,947
|
Funds/securities/futures/investment
|
9,467
|
Banking
|
8,995
|
Energy/mineral/mining/smelting
|
8,848
|
Intermediary
service
|
8,710
|
Real
estate/construction/building materials/engineering
|
8,695
|
Telecom/carrier
operators/value-added service
|
8,660
|
Cross-industry
operation
|
8,655
|
Entertainment/sports/leisure
|
8,493
|
Academic/R&D
|
8,289
|
The top three occupations with the highest monthly salaries in
the first quarter of 2017 were senior management (RMB19,493), IT management/project coordination
(RMB14,389) and
securities/futures/investment management/service (RMB10,958).
Top 10 highest
paid occupations in the first quarter of 2017
|
Occupation
|
Average
monthly
salary (RMB)
|
Senior
management
|
19,493
|
IT management/project
coordination
|
14,389
|
Securities/futures/investment
management/service
|
10,958
|
Sales
management
|
10,682
|
Project
management/project coordination
|
10,055
|
Real estate
development/broker/agency
|
10,018
|
Banking
|
9,671
|
Trust/warrant/auction/pawn
|
9,550
|
Software/internet
development/system
integration
|
9,534
|
Lawyer/legal/compliance
|
9,023
|
Except for joint ventures, the average salaries in other types
of companies all went up in the first quarter of 2017. Joint
ventures still offered the highest average monthly salary of
RMB8,254, compared with RMB8,000 for wholly foreign-owned enterprises and
RMB7,766 for public companies. The
average monthly salary of public institutions was the lowest at
RMB7,528.
Average monthly
salaries from different types of companies
in the first
quarter of 2017
|
Type of
Company
|
Average
monthly
salary (RMB)
|
Joint
ventures
|
8,254
|
Wholly foreign-owned
enterprises
|
8,000
|
Public
companies
|
7,766
|
State-owned
enterprises
|
7,715
|
Private
companies
|
7,577
|
Public
institutions
|
7,528
|
The average monthly salary of micro-sized companies with fewer
than 20 employees was RMB9,532, much
higher than salaries of bigger companies. These micro-sized
companies had to offer higher salaries to compete with bigger
companies which had more advantages in brand reputation, training
and career development.
Average monthly
salaries for companies of different sizes
in the first
quarter of 2017
|
Size of company by
employee numbers
|
Average
monthly
salary (RMB)
|
Below 20
|
9,532
|
20-99
|
7,641
|
100-499
|
7,561
|
500-999
|
7,459
|
1,000-9,999
|
7,777
|
Above
10,000
|
7,883
|
Job market competition intensifying for white-collar
workers
Zhaopin publishes the quarterly competitive index for the labor
market based on data collected from its online platform. The
competitive index is calculated based on the number of resume
applications divided by the number of job vacancies. For the first
quarter of 2017, the competitive index was 44.6, which means there
were an average of 45 applications per job vacancy, up from 40.3 in
the fourth quarter of 2016.
Competitive
index
|
Quarter
|
Competitive
index
|
Q1 2016
|
48.0
|
Q2 2016
|
45.1
|
Q3 2016
|
37.8
|
Q4 2016
|
40.3
|
Q1 2017
|
44.6
|
Competitive index = number of
applications/number of job vacancies
|
Beijing was by far the most
competitive city for white-collar workers, with a competitive index
of 96.0 in the first quarter of 2017, followed by Shenzhen (60.5), Chengdu (59.4) and Shanghai (53.3).
Competitive index
for cities in the first quarter of 2017
|
Ranking
|
City
|
Index
|
Ranking
|
City
|
Index
|
1
|
Beijing
|
96.0
|
20
|
Wuxi
|
27.8
|
2
|
Shenzhen
|
60.5
|
21
|
Lanzhou
|
27.6
|
3
|
Chengdu
|
59.4
|
22
|
Qingdao
|
26.7
|
4
|
Shanghai
|
53.3
|
23
|
Shijiazhuang
|
25.6
|
5
|
Shenyang
|
50.8
|
24
|
Hefei
|
25.4
|
6
|
Xi'an
|
48.4
|
25
|
Kunming
|
24.4
|
7
|
Dalian
|
43.2
|
26
|
Haikou
|
23.2
|
8
|
Tianjin
|
42.2
|
27
|
Guiyang
|
22.6
|
9
|
Guangzhou
|
39.1
|
28
|
Jinan
|
21.5
|
10
|
Wuhan
|
39.0
|
29
|
Nanchang
|
20.6
|
11
|
Chongqing
|
39.0
|
30
|
Yantai
|
20.2
|
12
|
Changsha
|
38.6
|
31
|
Fuzhou
|
19.8
|
13
|
Suzhou
|
37.5
|
32
|
Xiamen
|
19.0
|
14
|
Nanjing
|
34.9
|
33
|
Urumqi
|
19.0
|
15
|
Hangzhou
|
33.8
|
34
|
Dongguan
|
18.0
|
16
|
Taiyuan
|
31.5
|
35
|
Foshan
|
17.2
|
17
|
Changchun
|
31.3
|
36
|
Nanning
|
16.1
|
18
|
Harbin
|
31.3
|
37
|
Ningbo
|
15.3
|
19
|
Zhengzhou
|
29.7
|
|
|
|
Competitive index =
number of applications/number of job vacancies
|
First-tier cities (Beijing,
Shanghai, Shenzhen and Guangzhou) were the top four cities with the
highest job demand in the first quarter of 2017. Emerging
first-tier cities, including Chengdu, Hangzhou, Xi'an, Nanjing and Tianjin, were also among the top ten cities
with the highest job demand.
Top ten cities
with the highest job
demand
in the first
quarter of 2017
|
Ranking
|
City
|
1
|
Beijing
|
2
|
Shanghai
|
3
|
Shenzhen
|
4
|
Guangzhou
|
5
|
Zhengzhou
|
6
|
Chengdu
|
7
|
Hangzhou
|
8
|
Xi'an
|
9
|
Nanjing
|
10
|
Tianjin
|
The top ten cities with most job applications in the first
quarter of 2017 were the same cities with the highest job demand,
indicating that cities with high job demand were also attracting
job seekers.
Top ten cities
with most job applications
in the first
quarter of 2017
|
Ranking
|
City
|
1
|
Beijing
|
2
|
Shanghai
|
3
|
Shenzhen
|
4
|
Chengdu
|
5
|
Guangzhou
|
6
|
Xi'an
|
7
|
Zhengzhou
|
8
|
Hangzhou
|
9
|
Tianjin
|
10
|
Nanjing
|
In terms of employer size, companies with 1,000 to 9,999
employees were the most competitive for job seekers, with an index
of 54.3, followed by 51.7 for companies with 500 to 999 employees.
The competition for positions in small and micro-sized companies
was relatively low due to low brand recognition.
Competitive index
for different size companies
in the first
quarter of 2017
|
Size of
Company by
employee numbers
|
Index
|
Below 20
|
32.8
|
20-99
|
38.1
|
100-499
|
48.4
|
500-999
|
51.7
|
1,000-9,999
|
54.3
|
Over
10,000
|
43.8
|
Supply and demand by sector
In the first quarter of 2017, the booming internet/e-commerce
sector still topped the list with the most job vacancies, followed
by real estate/construction/building materials/engineering and
funds/securities/futures/investment. The top ten sectors with the
highest job demand were the same as the previous quarter.
Top ten sectors
with the highest job demand in the first quarter of
2017
|
Ranking
|
Sector
|
1
|
Internet/e-commerce
|
2
|
Real
estate/construction/building materials/engineering
|
3
|
Funds/securities/futures/investment
|
4
|
Education/training/college
|
5
|
Computer
software
|
6
|
Trade/export and
import
|
7
|
Professional
service/consulting (finance and accounting, legal and HR,
etc.)
|
8
|
FMCG (food, drinks,
alcohol and tobacco, and chemicals for daily use)
|
9
|
Media/publishing/movie and TV/culture
communications
|
10
|
IT services
(system/data/maintenance)
|
The most competitive sector for job seekers in the first quarter
of 2017 was online games, with 73.0 applications per vacancy,
followed by 64.3 for real estate/construction/building
materials/engineering, and 59.0 for telecom/carrier
operators/value-added service.
Top ten most
competitive sectors in the first quarter of 2017
|
Ranking
|
Sector
|
Index
|
Ranking in third
quarter
|
1
|
Online
games
|
73.0
|
1
|
2
|
Real
estate/construction/building materials/engineering
|
64.3
|
2
|
3
|
Telecom/carrier
operators/value-added service
|
59.0
|
6
|
4
|
Aviation/aerospace
research and manufacturing
|
58.7
|
5
|
5
|
IT services
(system/data/maintenance)
|
55.8
|
3
|
6
|
Computer
software
|
55.0
|
4
|
7
|
Internet/e-commerce
|
54.3
|
7
|
8
|
Cross-industry
operation
|
52.5
|
9
|
9
|
Energy/mineral/mining/smelting
|
51.4
|
10
|
10
|
Government/public
service/non-profit
|
50.7
|
28
|
Insurance continued to be the least competitive sector in the
first quarter of 2017, with 16.7 applications per vacancy, followed
by 24.2 for intermediary service and 29.4 for office supplies and
equipment.
Least competitive
sectors in the first quarter of 2017
|
Sector
|
Index
|
Insurance
|
16.7
|
Intermediary
service
|
24.2
|
Office supplies and
equipment
|
29.4
|
Printing/packaging/papermaking
|
30.2
|
Banking
|
32.2
|
Leasing
service
|
32.7
|
Hotel/restaurant
|
32.7
|
Healthcare/nursing/beauty
|
33.0
|
Education/training/college
|
33.5
|
Trust/warrant/auction/pawn
|
33.8
|
The sectors with the most job applications in the first quarter
of 2017 included internet/e-commerce, real
estate/construction/building materials/engineering, and computer
software.
Top ten sectors
with the most job applications in the first quarter
of 2017
|
Ranking
|
Sector
|
1
|
Internet/e-commerce
|
2
|
Real
estate/construction/building materials/engineering
|
3
|
Computer
software
|
4
|
Funds/securities/futures/investment
|
5
|
IT services
(system/data/maintenance)
|
6
|
Education/training/college
|
7
|
Professional
service/consulting (finance and accounting, legal and HR,
etc.)
|
8
|
Trade/export and
import
|
9
|
Media/publishing/movie and TV/culture
communications
|
10
|
FMCG (food, drinks,
alcohol and tobacco, and chemicals for daily use)
|
Supply and demand by occupation
The top occupations with the most vacancies for white collar
workers in the first quarter of 2017 were the same as the fourth
quarter of 2016, including sales,
administration/logistics/secretary, and sales management.
Top ten
occupations with the highest job demand in the first
quarter of 2017
|
Ranking
|
Occupation
|
1
|
Sales
|
2
|
Administration/logistics/secretary
|
3
|
Sales
management
|
4
|
Software/internet
development/system integration
|
5
|
Finance/auditing/tax
|
6
|
Education/training
|
7
|
Human
resources
|
8
|
Customer
service/pre-sales and after-sales support
|
9
|
Marketing
|
10
|
Internet
product/operation management
|
The most competitive occupation in the first quarter of 2017 was
software/internet development/system integration with 136.1
applications per vacancy, followed by 96.0 for
finance/auditing/tax, and 92.4 for civil
engineering/construction/decoration/municipal engineering.
Top 10 most
competitive occupations in the first quarter of 2017
|
Ranking
|
Occupation
|
Index
|
Ranking in third
quarter
|
1
|
Software/internet
development/system integration
|
136.1
|
1
|
2
|
Finance/auditing/tax
|
96.0
|
2
|
3
|
Civil
engineering/construction/decoration/municipal
engineering
|
92.4
|
4
|
4
|
IT quality
management/testing/configuration management
|
88.1
|
3
|
5
|
Transportation
services
|
73.1
|
6
|
6
|
Senior
management
|
68.6
|
5
|
7
|
Human
resources
|
62.4
|
7
|
8
|
Purchasing/trade
|
55.0
|
10
|
9
|
Administration/logistics/secretary
|
53.4
|
9
|
10
|
Art/design
|
47.4
|
8
|
The least competitive occupations in the first quarter of 2017
were healthcare/beauty/hairdressing/bodybuilding with 11.3
applications per vacancy, followed by 13.8 for insurance, and 14.3
for community/residency/housekeeping.
Least competitive
occupations in the first quarter of 2017
|
Occupation
|
Index
|
Healthcare/beauty/hairdressing/bodybuilding
|
11.3
|
Insurance
|
13.8
|
Community/residency/housekeeping
|
14.3
|
Sales
|
15.7
|
Cooking/catering/food
R&D
|
16.2
|
Trust/warrant/auction/pawn
|
16.9
|
Education/training
|
18.7
|
Hospital/medical
care/nursing
|
19.1
|
Mechanic/operator
|
19.9
|
Consulting/research/data analysis
|
21.5
|
The top ten occupations with the most job applications in the
first quarter of 2017 were the same as in the fourth quarter of
2016 with some changes on rankings.
Top ten
occupations with the most job applications in the
first quarter of 2017
|
Ranking
|
Occupation
|
1
|
Software/internet
development/system integration
|
2
|
Finance/auditing/tax
|
3
|
Civil
engineering/construction/decoration/municipal
engineering
|
4
|
Administration/logistics/secretary
|
5
|
Human
resources
|
6
|
Sales
|
7
|
Art/design
|
8
|
Internet
product/operation management
|
9
|
Sales
management
|
10
|
Purchasing/trade
|
About Zhaopin Limited
Zhaopin is a leading career platform in China, focusing on connecting users with
relevant job opportunities throughout their career lifecycle. The
Company's zhaopin.com website is the most popular career platform
in China as measured by average
daily unique visitors in each of the 12 months ended December 31, 2016, number of registered users as
of December 31, 2016 and number of
unique customers[2] for the three months ended December 31, 2016. The Company's over 129.5
million registered users include diverse and educated job seekers
who are at various stages of their careers and are in demand by
employers as a result of the general shortage of skilled and
educated workers in China. In the
fiscal year ended June 30, 2016,
approximately 36.9 million job postings[3] were placed on Zhaopin's
platform by 509,813 unique customers including multinational
corporations, small and medium-sized enterprises and state-owned
entities. The quality and quantity of Zhaopin's users and the
resumes in the Company's database attract an increasing number of
customers. This in turn leads to more users turning to Zhaopin as
their primary recruitment and career- related services provider,
creating strong network effects and significant entry barriers for
potential competitors. For more information, please visit
http://www.zhaopin.com.
Safe Harbor Statements
This press release contains forward-looking statements made under
the "safe harbor" provisions of Section 21E of the Securities
Exchange Act of 1934, as amended, and the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as "will,"
"expects," "anticipates," "future," "intends," "plans," "believes,"
"estimates," "confident" and similar statements. Zhaopin may also
make written or oral forward-looking statements in its reports
filed with or furnished to the U.S. Securities and Exchange
Commission, in its annual report to shareholders, in press releases
and other written materials and in oral statements made by its
officers, directors or employees to third parties. Any statements
that are not historical facts, including statements about Zhaopin's
beliefs and expectations, are forward-looking statements that
involve factors, risks and uncertainties that could cause actual
results to differ materially from those in the forward-looking
statements. Such factors and risks include, but not limited to the
following: Zhaopin's goals and strategies; its future business
development, financial condition and results of operations; its
ability to retain and grow its user and customer base for its
online career platform; the growth of, and trends in, the markets
for its services in China; the
demand for and market acceptance of its brand and services;
competition in its industry in China; its ability to maintain the network
infrastructure necessary to operate its website and mobile
applications; relevant government policies and regulations relating
to the corporate structure, business and industry; and its ability
to protect its users' information and adequately address privacy
concerns. Further information regarding these and other risks,
uncertainties or factors is included in the Company's filings with
the U.S. Securities and Exchange Commission. All information
provided in this press release is current as of the date of the
press release, and Zhaopin does not undertake any obligation to
update such information, except as required under applicable
law.
For more information, please contact:
Zhaopin Limited
Ms. Daisy Wang
Investor Relations
ir@zhaopin.com.cn
ICR Beijing
Mr. Edmond Lococo
Phone: +86 10 6583-7510
Edmond.Lococo@icrinc.com
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[1] Zhaopin's website is the most popular career
platform in China as measured by average daily unique visitors in
each of the 12 months ended December 31, 2016, the number of
registered users as of December 31, 2016 and the number of unique
customers for the three months ended December 31,
2016.
|
[2] A "unique customer" refers
to a customer that purchases the Company's online recruitment
services during a specified period. Zhaopin makes adjustments for
multiple purchases by the same customer to avoid double counting.
Each customer is assigned a unique identification number in the
Company's information management system. Affiliates and branches of
a given customer may, under certain circumstances, be counted as
separate unique customers.
|
[3] Zhaopin calculates the
number of job postings by counting the number of newly placed job
postings during each respective period. Job postings that were
placed prior to a specified period - even if available during such
period - are not counted as job postings for such period. Any
particular job posting placed on the Company's website may include
more than one job opening or position.
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/china-white-collar-salary-growth-slowed-down-in-the-first-quarter-of-2017-300437793.html
SOURCE Zhaopin Limited