Archives July 2008

Global Business Misunderstanding the Chinese Worker

Ask multinational firms to describe what motivates Chinese workers, and the responses are remarkably consistent: Money is the only thing that matters.

“Chinese have zero loyalty to their employer,” one executive at a manufacturing firm told us. Said the general manager of a Shanghai hotel: “The most important motivator is money.”

But those perceptions may be outdated and wrong.

That’s the picture that emerged when we interviewed, observed and surveyed employees at three Western-branded hotels in China last year and this year. Many of the workers we studied wanted more than just a paycheck from employers, took pride in being part of a team and often were willing to go beyond minimum requirements to solve problems on the job.

While some of the West’s impressions of Chinese workers may have been accurate when U.S. multinationals first started doing business in China in the early 1980s, our findings indicate that what Chinese workers want from a job and what they are willing to put into it has changed since then.

And if what we discovered in the hospitality industry runs true across other industries in China, then multinational companies may be using the wrong incentives to attract and retain Chinese workers. By focusing solely on salary as a motivational tool, they are giving short shrift to things such as training, time off and community building — incentives that could go a long way in a highly competitive job market.

The Wrong Models

Some of the disconnect between Western managers and Chinese workers stems from the fact that multinational companies formed their opinions of Chinese labor from their interactions with migrant laborers, whose main goal is to make enough money to give relatives back home a better life. Migrant workers account for a big chunk of the work force in China’s special economic zones — areas with more liberal economic laws where Western companies first set up shop in the early 1980s.

Although Western firms have since expanded into parts of China where workers have different goals and values than those of migrant laborers, many Western managers continue to cling to the belief that all Chinese workers value salary equally. Research conducted by academic Geert Hofstede decades ago and repeated in classrooms and by consultants ever since points in the same direction.

We believe, however, that major cultural shifts in China have changed workers’ attitudes dramatically since Dr. Hofstede collected data on China in the mid-1980s as part of a world-wide study into how workplace values are influenced by culture. Major societal shifts — the result of policies such as China’s one-child rule — have reduced the role of family, government, religion and neighbors in social networks. And with fewer opportunities to be part of a group or something larger than themselves, many Chinese workers are looking to their employers to fill that void.

We studied workers at three hotels in China — the Portman Ritz-Carlton and the Sofitel Hyland Hotel in Shanghai, and another hotel in Lhasa. In addition to interviews and observation, we surveyed 241 employees, most of them younger than 40, using the survey model created by Dr. Hofstede, who compared 53 cultures based on measures such as power distance, or the extent to which the less powerful people accept and expect that power is distributed unequally; individualism/collectivism, or the degree to which individuals are integrated into groups; masculinity/femininity, or the degree to which people are focused on material success as opposed to quality of life; and long-term orientation, or the extent to which a culture values savings and money.

We compared our survey results with those Dr. Hofstede collected on China in the 1980s and found striking differences, particularly in the area of masculinity/femininity. Dr. Hofstede says his culture scores shouldn’t be used as the point of comparison because his survey takers weren’t hotel workers. While we agree that differences among respondents may account for some of the differences in survey results, we don’t believe it accounts for all, considering the extent of the changes we recorded.

High masculinity scores are associated with people valuing things such as higher salaries and recognition in the workplace, while low masculinity scores are associated with people desiring things such as harmonious relationships with peers and bosses. The scores of the nations in Dr. Hofstede’s original study ranged from 95 to 5. China’s score went from 66 in the 1980s to negative 22 in ours, leading us to believe that in the China of today, taking a star employee out to dinner may be a more effective motivator than a bonus or a plaque on the wall.

Our data also veered sharply from Dr. Hofstede’s in terms of the degree to which individuals are integrated into groups. China scored 20, very collectivist, in the 1980s, compared with 71 today, very individualist. Chinese workers have become more individually focused for a number of reasons. Among them: Because of China’s one-child rule, families have gone from large numbers of children living in extended-family relationships to one-child nuclear families living in small apartments. In addition, as more companies are privatized, the government is playing less of a paternal role in the lives of its citizens.

Chinese workers also appear to care about leisure time more than previous generations, which, according to Dr. Hofstede’s data, valued money and savings rates more highly than their counterparts in other nations. China’s long-term orientation score in the 1980s was the highest in the world at 118. In our survey, it was 40, on par with France.

Taking the Initiative

China also is a much different place in terms of how workers view the distribution of power in the workplace, a finding that may affect the success of employee-empowerment programs. In high power-distance cultures, where subordinates feel it is the boss’s job to tell them what to do, it is difficult to encourage rank-and-file workers to take the initiative to solve problems on the job.

If the boss has a bad idea in a high power-distance country like Venezuela, the employee response likely would be, “Yes, sir.” In a moderate power-distance culture like the U.S., the employee response might be, “Interesting idea, but maybe there’s a better way.” In a low power-distance culture like Denmark, an employee might say, “Boss, that’s another stupid idea.”

The power distance of the old China was 80, almost the same as Venezuela. The power distance of the new China is 41, the same as the U.S.

The Chinese employees we interviewed said that while they were cautious with offering suggestions to their bosses, they had plenty to give. One banquet manager, for example, told us he tries to make it seem that his suggestions for improvement are his boss’s idea.

Management at the Portman Ritz-Carlton, which stakes its reputation on service, said that although its Chinese staff had been slower to embrace empowerment than staffs in other parts of the world, consistent messages that taking the initiative would be rewarded changed behavior.

Our observations were mixed in this regard. Our team observed several instances of rote, rule-based behavior, such as a hotel worker placing a morning newspaper at the proper place by the door, even though the occupant had opened the door and was extending his hand. But we also observed many staff members responding creatively to difficult customer requests, leading us to believe that Chinese workers are in transition when it comes to taking the initiative.

So if China truly is becoming a society in which both men and women care equally about quality of life, where leisure time is important and where taking the initiative is seen as a good thing, then Western firms would be well-served to re-examine the tools they use to hire and retain workers.

COSL offers $2.5b to buy Norway firm

China Oilfield Services Ltd (COSL) yesterday decided to offer 12.7 billion kroner ($2.5 billion) to buy Norwegian company Awilco Offshore ASA (AWO), in a move to create the world’s eighth largest rig fleet.

COSL will offer 85 kroner a share in cash for the Norwegian firm, said a company statement yesterday. The offer represents a premium of 18.7 percent over the closing price of AWO shares on July 4.

“AWO’s modern high-specification rigs and cutting-edge technology for offshore drilling is a good strategic fit for COSL pursuant to its globalization and growth strategies,” said the company statement.

The combination of COSL and AWO would create the world’s eighth largest rig fleet, consisting of 34 operated rigs (including rigs under construction) with operation and growth opportunities in most major international markets.

AWO is an international offshore drilling contractor owning and operating five jack-up drilling rigs and two accommodation units. Another three jack-up drilling rigs and three semi-submersible drilling rigs are under construction. AWO also has the option of constructing two semi-submersible drilling rigs.

COSL operates 15 drilling rigs, including 11 jack-ups and three semi-submersibles while operating one leased jack-up rig. In addition, COSL owns and operates the largest and most diverse offshore fleet in China, including 75 support vessels and four oil tankers, five chemical tankers, eight seismic vessels and four geotech survey vessels.

It also has a vast array of modern facilities and equipment for logging, drilling fluids, directional drilling, cementing, well completion and well work-over services.

The company is seeking assets in Southeast Asia, the Middle East, Africa, North America and Russia, Chief Financial Officer Zhong Hua said in June.

China, the world’s second largest energy user, has stepped up its search for oil and gas at home and abroad to sustain its fast growth. CNOOC Ltd, COSL’s largest customer, plans to increase capital spending by 44 percent this year to $5.2 billion to expand production.

COSL said first-quarter profit this year was 891.35 million yuan ($129.82 million), up 35.5 percent year-on-year, because of strong orders and cost cutting.

The company’s profits were up 98 percent to 2.24 billion yuan in 2007 on rising business revenue, which rose 42 percent to 9.24 billion yuan last year. Revenue hit record high in four of its main businesses, including drilling, marine and transportation, oilfield technology and geophysical survey.

Taobao.com gets 2b yuan in additional investment

Taobao.com, China’s top consumer-to-consumer (C2C) site, will receive a further two billion yuan ($291.32 million) in investment from its parent Alibaba Group over the next five years.

The decision was announced at the five-year anniversary ceremony of the group by Ma Yun, founder and CEO of the Hong Kong-listed corporation.

“The two billion yuan investment will be spent in the next five years on technology, innovation, introduction of talent and other aspects,” he said.

The huge amount is the third and largest investment from Alibaba since the establishment of Taobao.com, far exceeding the 1.45 billion yuan it received from its parent starting from 2003.

Ma set a long-term goal for Taobao.com to surpass US giant Wal-Mart, the world’s top retailer, whose trading volume reached 3.5 trillion yuan globally last year. The estimated trading volume for Taobao.com this year was 100 billion yuan.

“Wal-Mart needs to buy more market sites, equipment and warehousing if they want to win another 10,000 customers. But for Taobao.com, we only need to get several new network servers,” he said.

Taobao.com is currently the nation’s dominant online retailer with 67 million registered accounts. About 10 million customers visit Taobao daily.

Production Supervisor (eo146sz)

Job Title:
Production Supervisor
Report To: Production Manager
Location: Suzhou
Our client is the largest lighting group in the Nordic region and a leading force in Europe. Their business is to create energy-efficient lighting solutions and to develop, manufacture and market lighting systems for public as well as domestic environments. Our Client has sales company and production facility in China and they are looking for talents to join them.
Job Description:
Responsibilities:
1. On site supervise and coach operators. Assess operators’ performance. Lead the operators’ team to make continuous improvement;
2. Work with planner to implement production plan and ensure on time delivery to meet customer requirement;
3. Work with production engineer and quality engineer to implement quality system and product quality standard. Ensure operators follow the quality procedures and working instruction. Ensure products meet our quality standard;
4. Work with Equipment technicians to implement equipment system running standard;
5. Manage production area and implement 5S. Ensure safety production;
6. Responsible for cycle time and continual improvement;
7. Other works assigned by the production manager.

Requirement:
1. At least College educated, major in mechanical/instruments etc;
2. At least 3 years’ foreign company working experience and one year’s production supervision experience; At least 2 years’ experience focus on metal sheet manufacturing field
3. Good oral and written English;
4. Good computer skills in Microsoft office software;
5. Active and positively, good communication skill and team work;
6. Preferred:
ERP knowledge and experience;
Lean Manufacturing Knowledge;
ISO9001 knowledge and internal auditor certificate;
* Please send us your complete resume (both in Chinese and in English to: ‘topjob_eo146sz@dacare.com'(Please replace “#” with “@”)
* In the email subject MUST you plus the position name ?in either En or Ch ?

UK proves attractive to Chinese investors

CHINESE investment in the UK grew by 13 percent in the past financial year according to a report yesterday by the UK Department of Trade and Investment.

Chinese companies invested in 59 projects in the UK in 2007-2008 compared to 52 in the year before, making China the ninth largest foreign investor in the UK, and the third largest investor from Asia after Japan and India. The latest figures reaffirm the UK as the leading investment destination in Europe for Chinese investors.

The UK’s pro-business regulatory environment, leading position in research and development and its geographic location as gateway to the European market were the main draws for Asian investors, according to director of trade and investment for China, Alastair Morgan, at yesterday’s release of the UK Inward Investment 2007/2008 Report.

While London has attracted the lion’s share of Chinese investment in the past, accounting for 13 percent of all Chinese projects in the UK since 1997, the UK government is keen to attract investment in other areas.

The South East England Development Agency has set up an office in Shanghai to attract investment in the area that ranks second to London in making up the UK’s GDP.

“The trend we have seen is for increasingly high quality and knowledge-driven companies from China,” Simon Jagger, of the agency’s Pacifici Asian team, told a press conference last week.

Chinese exporters face emerging problem of defaulted payments

BEIJING, July 2 (Xinhua)– Chinese exporters, currently plagued by paper-thin profits, are threatened by another emerging problem of defaulted payments from foreign clients, economists said on Wednesday.

To date, the aggregate overdue international accounts of export companies totaled 100 billion yuan (14.6 billion U.S. dollars), Mei Xinyu, a Ministry of Commerce economist, estimated.

The figure, while tiny compared with the country’s 545.05 billion U.S. dollars of exports in the first five months, was further squeezed by the profit margins of exporters, which suffered from the yuan’s appreciation and rising labor and raw materials costs, analysts said.

The situation would be more devastating this year as many foreign importers had gone bankrupt after the U.S. subprime mortgage crisis and could not pay their bills, Zhao Jinping, an economist with the Development Research Center of the State Council, told Xinhua.

To make things worse, many exporters allowed deferred payments to compete for orders from a weakened global market. This made them vulnerable to defaulted payments, he said.

Export companies should improve their risk management and make credit assessments of the buyers beforehand, instead of blindly tendering for orders, Mei suggested.

Hardware Design (it126sh)

Job Title: Hardware Design
Report To: Technical Manager
Location: __ Shanghai_
With operations in 50 countries and 68,000 employees, our client is a world leader in Mission-critical information systems for the Aerospace, Defense and Security markets with its global network of 20,000 high-level researchers.
Our client’s rich history goes back well over a century. Built slowly and with careful planning, the Group boasts remarkable cohesion and strength, and has often proven its ability to adapt its structures to prevailing conditions.
Leveraging a global presence and spanning the entire value chain, from prime contracting to equipment; our client plays a pivotal role in making the world a safer place. With the development in APAC, especially in China, they are looking for talents to join them.
Job Description:
Responsibilities:
1. Analysis of customer contract and understand the hardware requirement part and create hardware requirement for the system
2. Create hardware development plan
3. Create hardware subrack design specification
4. Create hardware drawings according to the specification
5. Update the hardware design and create ECN for it
6. Create hardware Interface control drawings
7. Review the hardware design drawings
8. Cooperate with the consortium engineer to support the site hardware testing and trouble shooting
Requirement:
1. Technical graduate;
2. Min. 3 years Experience in Electronics industry;
3. High degree of social competences;
4. Education/trained as Hardware design engineer;
5. Good understanding of the CBTC system;
6. Good working skills of AUTOCAD, ORCAD;
7. Experience in information technologies;
8. English/Chinese fluently in writing and verbal;

* Please send us your complete resume (both in Chinese and in English to: ‘topjob_it126sh@dacare.com'(Please replace “#” with “@”)
* In the email subject MUST you plus the position name ?in either En or Ch ?

Shanghai raises energy, living subsidies

The municipal government of east China’s financial hub, Shanghai, announced on Wednesday a plan to raise subsidies to offset higher energy costs.

From July, the government will subsidize public transport, including buses, ferries and taxis, to cover the extra costs arising from gasoline and diesel price hikes, said Chen Qiwei, Shanghai government spokesman.

“The monthly subsidy for every taxi will increase by 1,050 yuan,” he said. That is equivalent to $153.

Shanghai raised gasoline and diesel prices by 5.57 yuan and 6.03 yuan per liter, respectively, as of July.

Farmers will receive an extra 100 yuan per hectare of cropland every month, and those who live on minimum allowances will get another 15 yuan per person every month, Chen said.

On July 1, the city increased electricity prices by 0.03 yuan per kilowatt-hour, but urban and rural residents and the farm and fertilizer sectors were exempt.

The Beijing municipal government said last week it would raise the minimum wage by 10 percent and increase subsidies for households living below the poverty line amid inflationary pressure.

Finance Supervisor (fi185sh)

Job Description:
Company introduction:
Our client is a global, diversified company that provides vital products and services to customers in manufactory. This history and experience has enabled our client to build a vast support structure, which includes technologies, human and physical resources and most importantly to have an intimate knowledge of various industry processes. Our client is a major provider of products and services to most of the regions water, industrial process and infrastructure projects. The company works in close relationships, partnerships and alliances with the majority of the regions major companies to create ongoing value to the customers process. The employs are approximately 260,000 people worldwide.

Report To: Finance Controller
Location: Shanghai

Responsibilities:
1. Manages all aspect of financial and accounting matter of the entire manufacturing site, including taxation and treasury.
2. Prepares management reports and carry out in-depth analysis to improve operating efficiency,
3. Monitors factory performance to insure effectiveness and efficiency of the operation,
4. Compile manufacturing budget at plant level.
5. Quick in learning and using computerized software to deliver monthly HQ reporting. Currently we are using Hyperion Enterprise for reporting to HQ.
6. Implements HQ and local policies, procedures, standards and systems for the company and
7. Directs and leads the finance team to develop ERP system.
8. Establishes and maintains internal control for overall assets management, procurement, revenues, expenditures, and financial reporting.
9. Prepares ad hoc financial analysis for new investment and capital expenditure.
10. Prepares a variety of detailed accounting, statistical, and narrative financial statements or reports requiring analysis and interpretation.

Requirements:
1. 3-6 years of working experience in manufacturing environment of which at least two years in managerial responsibility.
2. Experience in MNC accounting practice and familiar in rigorous HQ accounting reporting.
3. Knowledge of both PRC accounting standards and prior working knowledge in International Accounting Standards/ USGAAP/UK GAAP.
4. Knowledge of China taxation is an advantage
5. Good command of English (at least fluent in read and write)
6. Person with high integrity and be the gate keeper for the factory
7. Good PC skill, hands on person,
8. ERP experience with good knowledge of ERP application to business
9. Ability to perform various finance and investment analysis
10. Good costing background
11. Team player and be able to lead, train and motivate the finance team
12. University Graduate with major in accounting.

* Please send us your complete resume (both in Chinese and in English to: ‘topjob_fi185sh@dacare.com'(Please replace “#” with “@”)
* In the email subject MUST you plus the position name ?in either En or Ch ?

Cost Accountant (fi186sh)

Job Description:
Company introduction:
Our client is a global, diversified company that provides vital products and services to customers in manufactory. This history and experience has enabled our client to build a vast support structure, which includes technologies, human and physical resources and most importantly to have an intimate knowledge of various industry processes. Our client is a major provider of products and services to most of the regions water, industrial process and infrastructure projects. The company works in close relationships, partnerships and alliances with the majority of the regions major companies to create ongoing value to the customers’ process. The employs are approximately 260,000 people worldwide.

Report To: Finance Supervisor
Location: Shanghai

Responsibilities:
1. In charge of products costing and manufacturing accounts. Prepare monthly manufacturing accounts, financial statements, and variance reports.
2. Analyses monthly expenses and investigate the causes of the variances. Responsible for inventory control
3. All other duties as assigned by company
4. Ensure costing standards comply with the policies and procedures prescribed by HQ. Provide unit cost information by SKU to the IT Department so that the product information can be updated in the ERP system accordingly.
5. Monthly reconciliation of stock records from Subsidiary ledger to General Ledger.
6. Safeguard company assets by ensuring that inventory procedures are being adhered to. Liaise with Operations Managers to ensure that accuracy and completeness controls between ERP system and warehouse are in place and working.
7. Presents monthly financial information to Management by month and participates in monthly P & L reviews particularly
8. Establish and implement monthly reporting to a gross margin level of individual product, category, and line of business. Monthly preparation & analysis of all purchases price variances, identification of potential cost savings and implications of costs changes.
Requirement:
1. Solid background in finance and accounting area;
2. Above 5+ years working experience in the finance/accounting department;
3. Willing to work under pressure and passion to take challenge
4. Proficiency for computer. Be excellent in Excel.
5. Good communication and interpersonal skill
6. With commitment, teamwork spirit and sense of responsibility
7. Fluent in both written and speaking English

* Please send us your complete resume (both in Chinese and in English to: ‘topjob_fi186sh@dacare.com'(Please replace “#” with “@”)
* In the email subject MUST you plus the position name ?in either En or Ch ?