Archives 2008

Salary Increases Low; High Performers Are the Focus

Hewitt’s latest survey shows some employers will be giving salary increases of about one percent smaller than they would have, had the economy been looking a little better.

Hewitt’s survey of 411 large companies revealed that 42 percent of companies “are revising their salary budgets and variable pay spending strategies related to the economic downturn or because of increasing cost pressures.” Of that 42%:

49 percent plan to reduce variable compensation payouts
66 percent will cut bonuses by more than 10 percent in 2008
Salary increases will be about 3.1 percent in 2009, or about 1 percent smaller than they would have been.
Thirty-eight percent of companies are reserving part of their salary-increase budget for their highest performers. And 23 percent are creating supplemental, discretionary incentive pools for high-performers. Another 20 percent are offering employees retention bonuses for them to stay a certain amount of time.

Senior Accountant (fi193sh)

Job Title: Senior Accountant
Job Description:
Company introduction:
Our client is a TS 16949:2002 certified organization with engineering competency at their crux.
Three decades development makes our client the expert in designing and manufacturing of high technology precision engineering components viz. The company also designs and manufactures mass finishing systems for a wide variety of finishing applications on the automotive and general engineering horizons.
Their Shanghai manufactory base is looking for experienced people to join them.

Report To: GM
Location: Shanghai

Responsibilities:
1. To prepare MIS including Profit & Loss, Balance Sheet, Cash Flow on monthly basis.
2. Liaison with tax officials and should file monthly returns
3. To prepare and make monthly social insurance for employees
4. To handle all banking transactions, payments, foreign exchange transactions, overseas payments,
5. To generate monthly report of account receivables
6. To execute and increase registered capital by changing business license and liaison with Department with Foreign Investment.
7. To re-concile stocks of goods with operation

Qualifications:
1. Degree/background – Bachelor Degree in Finance or related.
2. Experience – At least 4 to 6 years working experiences in relevant functions in manufacturing or engineering industry.
3. Language – English is a must.
4. Functional Skills: Rich Experience of handling King Dee software / USFDA ; Exposure to foreign investment / foreign exchange is preferable; Execution Skills ; System Orientation
5. Be experienced in man Management
6. Strong Analytical Skills and proactive Approach
7. Age: Above 26
* Please send us your complete resume (both in Chinese and in English to: ‘topjob_fi193sh@dacare.com'(Please replace “#” with “@”)
* In the email subject MUST you plus the position name ?in either En or Ch ?

Emergency pay fund for unemployed considered

GUANGZHOU: Authorities in Guangdong will consider setting up an emergency fund to protect workers against losing their wages in the event of further factory closures, the provincial labor and social security department said on Monday.

Responding to a resolution put forward by a member of the provincial political consultative conference, the department said in a statement that the feasibility of such a fund will be considered and that financial departments at various levels will likely contribute to it.
The fund will primarily be used as insurance against firms going bust or unscrupulous bosses absconding, the statement said.

Zhang Xiang, director of the labor department, said in the statement: “From time to time, the boss of a company in financial trouble will flee and leave his debts behind, and that creates turmoil.

“In the current economic climate, there is a good chance that more companies, especially labor-intensive ones, will collapse.

“This fund would help protect against some of the financial and social problems caused by such closures.”

Zhang said that traditionally, companies paid a premium, on top of their rent, to the owners of the factory buildings they occupied.

In the event of a firm suffering financial difficulties, or the boss absconding, this money could then be used to cover wage payments for the workers.

“But the funds were seldom big enough to cover the total wage bill,” he said.

The labor department has also been urging firms to start paying their workers via bank transfer to enable closer monitoring, he said.

Furthermore, the department is currently seeking to work more closely with other local bodies, including the people’s bank, industrial and commercial administration, and the foreign trade and economic cooperation department, to develop a better picture of companies’ credit ratings.

Not everyone, however, believes the insurance fund is a good idea.

Li Qingqing, an associate professor of economics at South China Normal University, told China Daily yesterday: “Taxpayers’ money should not be used to support failing businesses.

“An infinite amount could be lost if firms continue to go out of business.

“Instead, companies should be made more responsible, perhaps by paying some form of premium when they apply for registration.”

Survey: Fund management companies offer highest earning jobs in 2007

Thanks to last year’s bullish market, the financial sector provided the most lucrative jobs in China and fund management talents topped the 2007 salary rankings, The Economic Observer reported on Monday.

Executives, fund managers and high-caliber investment researchers were the top earners, according to Taihe Consulting, a human resources company, after conducting a survey on 15 large fund management companies in Shanghai, Beijing and Shenzhen.

Industry insiders have attributed the high earnings to a shortage of fund management talents and the thriving fund businesses in 2007.

Even the current bearish market has not shown an adverse effect on fund employees’ incomes yet.

Statistics collected by Taihe in June indicated no signs of fixed income reductions among fund management employees. And flexible income was closely related to companies’ performances, it found. Some companies can still collect remarkable management fees in 2008 that are no less than last year’s, Taihe said.

The cash income of an employee comprises a fixed part and a flexible part in addition to their benefit package. The fixed part is made up of basic salary and allowances, and the flexible, accounting for 30 to 40 percent of the total income, is given as a merit-based bonus, such as year-end bonuses, or as sales commissions. Some positions even offer a flexible income that takes up as much as 50 percent of the total.

An employee with a Shenzhen-based fund management said: “The fixed salary was set at the beginning of the year, so there would be no big change. The flexible part may vary from person to person…some fund managers won’t necessarily get a smaller year-end bonus, because the payment is based on the rankings of fund performances.”

By contrast, listed securities companies already registered a year-on-year drop of 8.6 percent in salary payments in the first half of 2008, with some employees’ incomes reduced by more than 60 percent, according to a report by Shanghai Securities News in August.

From a regional perspective, fund management companies in Shanghai, a national financial hub, offered the most lucrative jobs in 2007, Taihe’s survey showed. Beijing came second and Shenzhen third.

The consulting company found that the lower-end salaries of fund management, real estate and high-tech sectors were quite similar. But at the very top level, the financial sector offered salaries that doubled what the high-tech gave, with real estate coming somewhere in between.

“Financial employees earned much higher salaries than people in the other industries in 2007,” a Taihe analyst said. “And undoubtedly the most lucrative jobs came from the fund sector.”

Hong Kong’s jobless rate climbs 3.4%

HONG KONG, Oct. 20 (Xinhua) — Hong Kong’s seasonally adjusted unemployment rate rose to 3.4 percent in July-September period from 3.2 percent in June-August 2008, reversing the decrease seen earlier in the year, revealed the latest figures released by the Census and Statistics Department here Monday.

Matthew Cheung Kin-chung, Secretary for Labor and Welfare, warned that the September figures might not have reflected the impact of the global financial turmoil, which is now beginning to be felt.

“Looking ahead, unemployment is likely to rise further in the near term,” he said, pointing to some sectors bound to be affected by a contraction in business triggered by the global economic crisis.

According to the department’s latest statistics, provisional number of unemployed persons rose by around 4,900 from 129,100 in June-August to 134,000 in July-September.

The provisional underemployment rate, however, decreased from 1. 9 percent to 1.8 percent over the same period of last year as some summer workers returned to schools upon the start of the new academic year.

Comparing July-September with June-August period, increases in the unemployment rate were mainly observed in the wholesale and retail, restaurants, manufacturing and financing sectors.

As to the underemployment rate, decreases were mainly seen in the decoration and maintenance and transport sectors.

Cheung said the Labor Department will closely monitor the situation and stands ready to help the affected employees, vowing to continue enhancing its employment services and the competitiveness of the local workforce through education, training and retraining services and job search facilitation.

“In the long run, the implementation of the major infrastructure projects will help create employment opportunities and economic benefits,” he said.

Cheung noted that the Hong Kong government had proposed to introduce a series of facilitating measures to improve the Small and Medium Enterprises (SME) Funding Schemes with a view to strengthening support to SMEs and will continue to discuss with them and listen to their views.

“I believe SMEs could benefit from these measures. I hope that employers could actively consider job restructuring or job sharing as an option to tide over the difficult period,” he added.

Steel Procurement Manager (mkt257sh)

Job Title: Steel Procurement Manager
Report To: GM
Location: Shanghai
Our client is a famous European company, with operations in 100 countries and 4500 employees, is a leader within international logistics in the whole world.

They started its operation in china and mainly helped their customers exploit new opportunities by streamlining and optimizing their supply chains.
They provide integrated solutions for supply chain management, warehousing & distribution, and convenient freight forwarding services including ocean freight, airfreight, and landside services.

With the development in APAC, especially in China, they are looking for talents to join them.
Job Description:
Responsibilities:
1. Leadership of Purchasing/Procurement function including Supplier Identification, Qualification, Due Diligence, Commercial Negotiations, Budgeting, Logistics, Market Intelligence, Reporting, and Customer Support;
2. Be responsible for steel coordination globally and take part in procurement;
3. Be a driving force in negotiations and coordination of frame agreements and purchasing contracts for steel;
4. Ensure general frame agreement coordination, including the monitoring of deadlines and milestones;
5. Pursue new steel mills to be included in our supplier list;
6. Actively participate in Steel Work Groups and act as spearhead towards new potential Chinese mills;
7. Keep close contact with mills to ensure smooth communication with APMM and create a Most Favored Nation situation;
8. Proactively watch Far East steel market to gain deep understanding of market development and supplier performance;
9. Co-operate closely with key internal stake holders, lead buyers and colleagues to achieve strategic objectives, e.g. cost leadership

Requirement:
1. Bachelor’s degree, preferably in commercial/international business and/or procurement background;
2. Around 5-7 years of experience; Candidates must be experienced in procurement professionals and supplier contacts in China international company;
3. Professional background : Strong steel business/product knowledge;
4. Required skills : Proven leadership and man-management skills; analytical and planning abilities; strong business focus; solution-oriented approach; excellent communication and presentation skills
5. Very good presentation; Very good planning and organization skills; Energetic and enthusiastic; Self motivated; Excellent communication and social skills;
6. Fluent English;
7. Ability to work independently and with drive; a strong desire to travel.
* Please send us your complete resume (both in Chinese and in English to: ‘topjob_mkt257sh@dacare.com'(Please replace “#” with “@”)
* In the email subject MUST you plus the position name ?in either En or Ch ?

More job losses in S China amid global financial crisis

Another 1,500 workers in south China have fallen victim to the current global financial crisis as they will have to find new jobs when their factory closes next week.

Hong Kong-listed BEP International Holdings Limited announced it would shut its factory in Shenzhen, Guangdong Province, on Monday after its exports had dropped drastically this year registering huge deficits, a company spokesman told Xinhua on Saturday.

The company was currently paying arrears to its 1,500 workers. Some had found employment with other factories in the southern Hong Kong border city.

BEP, founded in 1986, is an export-oriented company. Most of its annual output of 5 million units of home appliances was sold to Europe, North America, Asia and the Middle East, Australia and New Zealand.

It set up the 22,000-square-meter Shenzhen factory in 1992.

Earlier this week, 7,000 workers were sacked in Dongguan, also in Guangdong, after the Hong Kong-listed Smart Union Group (Holdings) Limited closed two factories.

Smart Union Group is one of the world’s biggest toy makers. Most of its products are sold in the United States.

Finance & Accounting Manager (fi192sh)

Job Title: Finance & Accounting Manager
Job Description:
Company introduction:
Our client, a publicly traded on NASDAQ is an industrial supply chain logistics and diversified manufacturing business operating in three segments. With over 4,000 employees worldwide and Production and Sales of Parts for Automotive, Casting, Forging, and Supply Chain Management services. The company believes that a personal investment in the company and the pride of being part of a winning team. They are looking for talent for their Shanghai site.

Report To: Director of Global Finance
Location: Shanghai
Responsibilities:
1. Develop, implement and monitor a group business plan
2. Develop, implement and monitor company budgets and direct toward corporate goals and objectives.
3. Be responsible for finance control of all departments in Shanghai up to and including financial statement preparation and consolidation.
4. Maintain financial report keeping for report and tax purposes.
5. Coordinate group activities related to finance and administration.
6. Be responsible for developing, publishing and implementing cooperate and company policies and procedures
7. Wage and benefits administration.
8. Employee relations and Human Resource of staff within department.
9. Direct supervision of administrative, accounting and purchasing personnel
10. Any other duties as assigned by supervisor

Requirements:
1. Bachelor and / or MBA in Finance, together with more than five years practical experiences in related financial and administrative activities in a manufacturing environment.
2. A strong general business background with analytical and interpersonal skills
3. Good computer skills with experiences working in integrated accounting system, spreadsheet and word processing.
* Please send us your complete resume (both in Chinese and in English to: ‘topjob_fi192sh@dacare.com'(Please replace “#” with “@”)
* In the email subject MUST you plus the position name ?in either En or Ch ?

Vice President Quality (mn197zj)

Our client is a privately held electronic corporation headquartered in U.S. and has branches in Taiwan, Guangdong and Zhejiang. Its main businesses range from Cable Assembly, Card Connectors, RF Connector, to Video and Audio Connectors manufacturing etc.

Position: Vice President Quality – China

Location: Zhejiang Or, alternatively Guangdong

The candidate must be bilingual in Mandarin and English, a team player, demonstrate leadership, professional ethics, and ability to successfully recruit and train key employees.

You will be challenged to deliver:
1. Quality leadership at the highest management level
2. To focus not only on product quality, assurance and improvement, but also the means to achieve it
3. Proficient QA skills that are technically appropriate and in cultural harmony
4. Develop, execute and maintain project work plans and budgets
5. Maintain successful high-level OEM customer relationships
6. Identify and develop TQM opportunities
7. Make Intellectual contributions to the knowledge base of our company

Responsibilities include:
1. Recruiting, hiring and training middle management QA team across the enterprise
2. Lead instruction of employee training and QA procedures
3. Provide coaching and mentoring to Quality Department teams
4. Deliver executive training, champion training and quality in all aspects of our business

Minimum Requirements:
1. Bilingual in Mandarin and English
2. Expertise in ISO9001:2000
3. Expertise in environmental management systems: RoHS, ISO14000 and Sony Green Partner
4. Bachelor’s degree
5. 5+ years of work experience
6. Ability to travel up to 60-90% within China and Taiwan

Preferred Experience/Skills:
1. Master Black Belt certification
2. Lean Master certification
3. Design for Six Sigma experience
4. BSEE, BSME, BSIE or MBA degree
5. Broad-based customer-interface skills in a manufacturing company
6. Strong verbal and written communication skills
* Please send us your complete resume (both in Chinese and in English to: ‘topjob_mn197zj@dacare.com'(Please replace “#” with “@”)
* In the email subject MUST you plus the position name ?in either En or Ch ?

Vice President Manufacturing (mn196zj)

Our client is a privately held electronic corporation headquartered in U.S. and has branches in Taiwan, Guangdong and Zhejiang. Its main businesses range from Cable Assembly, Card Connectors, RF Connector, to Video and Audio Connectors manufacturing etc.

Position: Vice President Manufacturing – China (PRC) Operations

Location: Zhejiang Or, alternatively Guangdong

The person selected for this position will report directly to President.

You will be challenged to deliver:
1. A set of quality management methods, including statistical methods, and create a special infrastructure of people within the organization (“Black Belts”, Test Engineers, etc.) who are experts in these methods.
2. Proficient management skills that are technically appropriate and in cultural harmony
3. Develop, execute and maintain project work plans and budgets
4. Maintain successful high-level OEM customer relationships
5. Make intellectual contributions to the knowledge base of our company.

Responsibilities include:
1. Identify and remove the causes of defects and errors in manufacturing and business processes.
2. Oversee production operations and factory floor planning.
3. Manage the workforce, including supervisory and administrative support staffs.
4. Safety of facility and employees, including environmental reporting.
5. Support Corrective and Preventive Action Programs through continuous improvement.
6. Responsible for continuous improvement in all areas of the factory operation.
7. Participate in all new program start-ups to determine and communicate required schedules and documentation. Support implementation of the strategic direction of Operations in China.
8. Control and reduce production cost while improving quality by training programs, cross training of operators, process improvement, etc.
9. Responsible for financial reporting. Budget development and adherence requirements.
10. Contribute to the overall company performance by active participation as part of the management team by daily communication with the subordinate departments’ heads.
11. Provide Sales and Product Marketing support to OEM customers
12. Any other duties as assigned by President of Company

Minimum Requirements:
1. Bachelor degree majored in Mechanical, Engineering or relevant.
2. At least 8 to 10 years of manufacturing experience including minimum 3 years in managerial position in foreign manufacturing company.
3. Professional leadership, teamwork and good communication skills; Strong analytical, organizational and planning skill required.
4. Knowledge, understanding, and experience in ISO9000 and RoHS international standards
5. Knowledge of Lean Production/Six Sigma.
6. Good command of English and Mandarin Chinese in verbal and written forms
7. Strong leadership and inter-personal skills with ability to work through all levels of organization, internal and external.
8. Be able to work under pressure, self-motivated and have positive attitude as well as good team spirit.
9. Ability to travel up to 50-75% within China and Taiwan during peak work loads.

Preferred Experience/Skills:
1. Engineering processing experience in connector industry is preferred.
2. Knowledge, understanding, and experience in TS quality and automotive manufacturing systems.
3. Masters degree in Business Administration
* Please send us your complete resume (both in Chinese and in English to: ‘topjob_mn196zj@dacare.com'(Please replace “#” with “@”)
* In the email subject MUST you plus the position name ?in either En or Ch ?