Archives 2008

Lighting firms increase tech input

Energy-efficient lighting manufacturers are increasing their technological input to improve the life of new bulbs and cut prices.

Guangdong Shunxiang Energy-Saving Lighting Technology has developed a new kind of energy-saving bulb that could save up to 70 percent of the electricity used by traditional incandescent bulbs.

The life of the light bulb could reach more than 60,000 hours, 10 times that of regular energy-saving lamps and 100 times more than incandescent light bulbs, according to General Manager Lin Weihe.

“Our lamps with new technology only need to be changed every 10 years, but in the same period, a mercury vapor lamp or sodium vapor lamp would have to be changed 15 times,” Lin told China Daily.

The company, headquartered in Chaozhou, Guangdong province, is displaying its latest products at the ongoing 10th China Hi-tech Fair in Shenzhen.

The company plans to invest 500 million yuan in a new plant, which could be operational by 2010, with an annual production capacity of 3 million units.

European Union countries will ban the use of incandescent light bulbs in favor of energy-efficient lightings, following the United States and Australia, by the end of this decade.

China is also actively promoting the use of energy-saving lighting. It plans to sell at least 150 million highly efficient energy-saving light bulbs from 2006 to 2010.

C&B Senior Specialist (hr117sh)

Job Title: C&B Senior Specialist
Report To: HR Director
Location: Shanghai
Our client is Fortune 500 American enterprise with a history of outstanding performance and has six BUs in China with 6800 employees. It is diversified technology leader, designs, manufactures, and markets innovative products and services with strong brand names and significant market positions. Its business activities encompass four reporting segments and are comprised of six strategic platforms: Medical Technologies, Professional Instrumentation, Industrial Technologies and Tools & Components.
Job Description:
Job summary:
Develops, coordinates and implements a variety of C&B programs, process and strategies.
Responsibilities:
1. Participates in setting up performance management system, leads and controls the implementation process;
2. Support HRD to prepare and control overall human resources budgets and manpower planning.
3. Responsible for payroll related issues for all employees, such as salary, allowance and bonus calculation, ect;
4. Provides consultation services to managers on core C&B programs;
5. Reviews and develops compensation program implementation process; Responsible for compensation to employee on-job injury;
6. Ensure compensation and benefits programs to meet local government and legal rules.
7. Assist in C & B survey and market information collection to maintain equitable and competitive compensation and benefits system;
8. Involved in C & B program data analysis;
9. Conducts C&B related training programs;
10. Provide updated and accurate information of labor related regulations and social policies;
11. Provide daily consulting services on C & B issues for employees and to solve related problems;
Requirement:
1. Bachelor degree or above;
2. 3-4 years experience in C&B Solid experience in working with advertising and PR agencies; with experience in C & B project operation (Survey, Salary review, Reward system, etc.);
3. Able to work efficiently, effectively and independently under pressure with good attitude;
4. Good data sense with highly attention to numerical detail and strong data analysis and interpretation skill;
5. Be able to handle all the payroll issue independently, familiar with the social warfare system;
6. Possess good understanding of PRC laws, regulations and practices regarding labor and social insurance;
7. Attention to details, well-organized, can work under pressure;
8. Effective communicator with good interpersonal skills;
9. Excellent team player, self-motivating and independent;
10. Proficient in both oral and written English(CET6/TEM4);
11. Good command of computer skills (Word, Excel, PowerPoint and etc).
* Please send us your complete resume (both in Chinese and in English to: ‘topjob_hr117sh@dacare.com'(Please replace “#” with “@”)
* In the email subject MUST you plus the position name ?in either En or Ch ?

Financial crisis spurs interest in civil service jobs

Civil service jobs have gradually become popular again with growing numbers of graduates nominating them as their “ideal jobs”.

Amid the current global financial crisis’ implications for the private sector, the website for national civil service exams crashed on its first live day on Monday, the Beijing Morning Post reported Tuesday.

A recent China Youth Daily survey on Netease.com shows around 86 percent of the 2,440 respondents considered taking the exam in a bid to join the public sector.

“The reason is simple,” a Ministry of Human Resources and Social Security official, who refused to be named, said. “In China, civil servant jobs means good payment, decent social status and permanent social welfare. There is low risk of being fired.”

People walk past the gate of the State Administration of Civil Service in Beijing in this August 30 file photo. [CFP]

China will recruit 13,566 civil servants this year, according to the newly released civil service enrollment brochure.

Among the 134 government agencies taking part in the recruitment campaign, the Ministry of Foreign Affairs alone plans to recruit 157 new staff.

For Dong Shu, a graduate of Peking University, a civil service job is at the top of her wish list.

“As a girl, I just want stability. The civil service sector can provide a comfortable and wealthy life. What’s more, most of my classmates are going to take the exam,” Dong said.

Things are more complicated for Wu Minggang, who will graduate from Beijing University of Posts and Telecommunications in March next year.

“Being a civil servant means a bright future. If you work for a foreign enterprise, you will still be an engineer in 20 years, but if I get a job as a civil servant, (the career development path will be different,)” Wu said.

For Wu’s classmate Wang Zhongxu, sitting the exam is just about increasing her chances of getting a job.

“I just want to grab any chance in front of me,” Wang said.

Li Pei, a post-graduate of the University of International Relations who became a civil servant last year, feels satisfied with her job.

“We enjoy a dormitory at a low price, about 200 yuan ($ 29) per month. We enjoy three meals for free in the dinning hall. Every month I can give at least 1,000 yuan to my parents,” Li said.
Compared with Li’s classmates in foreign enterprises, Li’s life was rather comfortable.

With a monthly salary of about 5,000 yuan, she also enjoys good insurance and pension coverage.

Hu Fengling, a professor at the University of International Relations, said at least 70 percent of the graduates in his school will take the national civil service exam, but only one in five will get a job.

Fresh graduates face gloomy job market

With a looming global financial crisis aggravating the difficulties posed by a fierce job market, many consider the future for the country’s fresh college graduates to be bleak.

The number of job hunters from this group entering the market next year is expected to exceed 6 million nationwide, an increase of 7 percent from this year, official figures showed.

“This year, the number of new recruits in the job market has halved and most positions are for experienced applicants only,” said Carol Cai, an employee of British market research company TNS.

“Employers always give preference to applicants with some experience so the unemployed possess more advantages than fresh graduates, whose inexperience often works against them in the job search,” said Tang Xiaolin, director of the career development center of Fudan University.
It is no longer considered easy for graduates majoring in once-popular fields such as banking, finance, trade and management to land positions, education officials said.
“Companies are still making presentations on campus. However, this is more of self promotion than real recruitment because they have cut their job plans,” said Lin Huihui, a graduate who majored in international commerce at Fudan University.

Similarly, many companies are reportedly cutting their payrolls amid the job crunch.

University sources have also attributed the shift by new graduates away from such fields to the financial crisis and credit crunch.

Xiao Jiang, a finance major from Zhejiang University, said he has applied for about 20 positions as a researcher or analyst for multinational companies, nonprofit organizations, private enterprises and associations – whatever options he could think of.

“I didn’t think it would take this long,” he said. “It’s tough just to get an interview.

“I can no longer consider whether my specialty matches my future job. The most important thing is whether I can find a job,” Xiao said.

“There is little doubt that the financial crisis has already hurt job growth. The unemployment rate is likely to rise further – and remain high for a considerable period of time after the financial crisis subsides and economic growth resumes,” Tang from Fudan University said.

Adding to a shrinking job market for graduates is the competition from their peers returning from studies overseas.

Those studying abroad will most likely return home for jobs because of the tight job market, Tang said.

Faced with such uncertainty, many students have decided that further study for higher degrees would improve their chances of entering the workplace.

“It would only add to fiercer competition in the next few years, when more students graduate,” education analyst Lin Yuxuan said. “Graduates should lower their expectations and add experience that will help them become more competitive.”

Frame the Future You Want: 4 Things to Do Right Now

When the economic markets look grim, hiring is at a standstill, and budgets are frozen, perspective is what is important. As some have said, “When things are good, they are never as good as they seem. And when things are bad, they are never as bad as they seem.”

We should all use the pause in the hectic pace of the past few years to begin and frame the future we want when we emerge. And we will emerge. I am not sure when, of course, but within a few years we will be back at the global hiring process with renewed vigor and increased challenges.

The cry we all heard over the past five years has been that there was no time to plan, think, experiment, or implement new methods. Most of us used the methods we were comfortable with but just worked harder, longer, and faster than before. This is the opportunity to figure out how to do things differently.

Be Strategically Bold; Tactically Careful
The first step in dealing with the current situation is to sit down and plan out a 3-5 year strategic plan for the future of your recruiting function. Envision a new tomorrow where you can use the technology, processes, and learnings that have emerged over the past decade. Some of the technologies and tools include such things as social networks, blogs, wikis, and candidate relationship management tools.

The processes that have shown promise include less-restrictive internal mobility practices, real time candidate assessment, virtual job fairs and other virtual recruiting techniques, as well as more authentic candidate engagement using online communication tools.

This strategic planning process should be formal, should involve your team and other employees as well as outside people, if that is acceptable in your organization, and should be designed to force yourself and others to think outside the usual assumptions about talent and recruiting. If you have any budget, it would be wise to engage a facilitator who is experienced in this kind of activity. They can make the process robust and much more valuable.

By formulating strategies that use these tools and practices, you can emerge from our current morass with a roadmap for quickly trumping your competition.

At the same time, you need to act right now with fiscal caution and show your management that you are a responsible manager.

This means finding ways to conserve your budget by lessening the need for contingent labor, perhaps, or by reassessing your current practices and challenge why you do whatever you doing the way you do it. Try to find ways to be more efficient, without spending money. Cut back, but cut back where it will do you some good from a strategic perspective. For example, by reducing staff right now, you can position yourself to implement technology or bring in a person with a different skill set once things recover.

Your job is to balance today with several possible recruiting situations in the future.

Envision a New Workforce
The really best recruiting and talent leaders will sit down with management and have some open discussions about the desired workforce of the future.

Every recession is an opportunity to recalibrate, learn and decide on what skills and competencies are most likely to be needed as we emerge from this recession. I have lived through a few recessions now and one lesson I have learned is that out of each come new needs. As we emerged from the September 11 mini-recession, it was clear that security was the new issue and that we would need people with experience and skills not only in physical security but also in data and financial security. By anticipating these needs, recruiters could have had an edge on any competition.

Once you have even a blurry picture of the skills and competencies you may need, you can begin sourcing for these kinds of candidates and begin to populate a talent community with people whom you are getting to know and who are getting to know you.

Collaborate and Learn
Your third step is to collaborate and learn from your peers and from experts in the field. This is a golden opportunity to attend webinars, which are mostly free, catch up on the blogs you have wanted to read but didn’t have time to, and make a few phone calls to friends, colleagues, and others you may have heard of.

These calls can be partly social and partly learning experiences. Ask what they are experiencing, what they are doing to use this gift of time wisely, and what tools and practices they are considering. I have always found this kind of networking to be one of the best ways to learn about emerging trends and to get a calibration on where others are.

Everything you hear and learn can be used as part of your strategic planning process. You can get these colleagues to demonstrate what they have done and you can even experiment with many of the technologies for free or for a small amount of money. One of the best things about the past five years is how inexpensive software has become. There is really no excuse to not try blogging, wikis, or even social networking tools.

Focus on Candidate Engagement
The final step in your plan for the future is to carefully, authentically, and regularly communicate with all the best candidates you have. Experiment with tools like blogs, email, newsletters, Twitter updates – anything that might engage and stimulate the many potential candidates you should already have in your talent pools.

If you neglect them or just tell them that there are no openings now, you lose a resource that you have spent lots of time and money finding and developing. Better to be honest with them, let them know exactly what your situation is, and keep them updated regularly.

Invite the best to join you in a monthly phone call update (just like your financial people do for the analysts) or hold a quarterly webinar. Anything you do to maintain the connection with your candidates will pay itself back when times get better.

Economies will recover and the emerging world will be different and more challenging than ever. Use this precious resource of extra time wisely and well to frame the future you want.

Vice President and General Manager (hl022sz)

TOXICOLOGY SERVICES – VICE PRESIDENT AND GENERAL MANAGER – SUZHOU CHINA

A NYSE listed public company welcomes overseas Senior Managers to join it. This position is located in Suzhou, China. They offer a highly competitive compensation and full benefits package along with an exciting world-class work environment.

Job Description:
1 Responsible for all aspects of the overall conduct and performance of the facility including the operational and financial performance of the site.
2 Providing leadership and oversight for daily operations, including analyzing financial and technical information to help reduce costs and increase revenues.
3 Developing and implement policies and procedures and processes within operating units
4 Working closely with various departments to ensure organizational standards are being met and operational processes are efficient and in compliance with established standards and regulations.
5 Ensure that all studies projects are carried out in strict regulatory compliance and adherence to company internal standards.
6 Developing strong business relationships and identify new business opportunities as well as partnering with various governments, universities and research institutes.

Qualifications:
1 Demonstrated successful leadership and management skills.
2 Excellent interpersonal, presentation and project management skills as well experience in the pharmaceutical industry involving customer communications.
3 An understanding of the business side of facility management and the documentation requirements for a GLP laboratory including knowledge of GLP and other relevant FDA and ISO guidelines and regulations.
4 Process working knowledge of international requirements of permits, logistics, and legal requirement of non-clinical testing.
5 Ability to travel in US/EU in order to support business development
6 Verbal and written fluency in Mandarin Chinese and English preferred.
7 An Advanced degree with extensive experience in the management of an Animal Facility and testing experience in Toxicology, Immunology, Biochemistry or Virology or related scientific/engineering field plus 10 years of management experience in preclinical studies.
8 A Ph.D./DVM in Toxicology, Immunology, Biochemistry or Virology or related scientific/engineering field is preferred.

* Please send us your complete resume (both in Chinese and in English to: ‘topjob_hl022sz@dacare.com'(Please replace “#” with “@”)
* In the email subject MUST you plus the position name ?in either En or Ch ?

Vice President of Medicinal Chemistry (hl021sh)

Job Title:Vice President of Medicinal Chemistry
Location:Shanghai

A NYSE listed public company welcomes overseas Senior Managers to join iit.This position is located in Shanghai, China. They offer a highly competitive compensation and full benefits package along with an exciting world-class work environment.

Job Description:
1 To show strong leadership in building most reputable CRO company in Medicinal Chemistry Services.

2 To lead a group of Directors or Sr. Directors to provide world class medicinal chemistry support on Lead Generation and Lead Optimization programs for our clients.

3 To be responsible for budget management and client relationship development and future business expansion in Medicinal Chemistry Services.

4 To be responsible for manuscripts, patent applications, and posters preparation for public disclosure.

Qualifications:
1 An accomplished and innovative individual with a Ph.D. degree in Organic or Medicinal Chemistry along with at least twelve years of working experience (after obtaining Ph. D. degree or completing postdoctoral research from prestigious university or institution) and at least 10 years of experience in project management and at least 8 years of experience in leading medicinal chemistry programs.

2 Expertise in GPCR and/or kinase target classes is required. An outstanding publication record (> 50) and great accomplishments in discoveries of novel drug candidates are desired.

3 Great problem solving ability is a must-have quality.

* Please send us your complete resume (both in Chinese and in English to: ‘topjob_hl021sh@dacare.com'(Please replace “#” with “@”)
* In the email subject MUST you plus the position name ?in either En or Ch ?

The Secrets of Hiring Great Sales People Finally Revealed

Over the years, I’ve been involved in developing hiring tools for sales representatives in a variety of industries including high technology, financial services, industrial products, consumer products, auto sales, woman’s cosmetics, business services, medical products, pharmaceuticals, and healthcare.

Surprisingly, most sales managers make the same bad decisions, regardless of the product or industry.

Here’s the list of where most sales managers go wrong. Start eliminating these error-producing behaviors and just about all of your sales hiring mistakes will go away.

They think their job is unique. They’re not. There is a common sales process behind each one, that when understood can be used to benchmark any candidate’s past performance against.
They overvalue first impressions. First impressions don’t predict performance. People with great first impressions are frequently incompetent and people with marginal first impression often have a track record of great success. It’s best to measure first impression at the end of the interview and then determine how the candidate’s first impression affected their performance in consistently achieving quota. From what I’ve seen, the best sales managers don’t worry about first impressions, they worry about the candidate having a track record of achieving good sales results selling similar products, to similar buyers, in similar situations.
They overvalue their gut or instinct. This is only acceptable when the sales manager has a track record of hiring all top performers who all make quota in combination with very low department turnover. Emotions, intuition, or instinct are poor predictors of on-the-job success. A track record of past performance selling similar products or influencing similar buyers is a great predictor.
They don’t know the job. Sales is a process that starts with lead generation and ends at closing. Certain aspects of the process are more critical than others. If a sales manager doesn’t know what these are, it’s unlikely that he’ll be able to accurately assess them in the candidate. As a result, the sales manager shifts the decision criteria to first impressions and gut instinct.
They assume they’re great managers. Most great sales people aren’t great managers, yet this is the person most likely to get promoted. It takes a great deal of work to build, develop, and manage an effective sales team. As part of the assessment process, the sales manager has to assess the fit between her style of management and how each person on the team needs to be managed. This directly relates to Hershey and Blanchard’s situational leadership model.

Flipping this over, here are some things you need to do to achieve better results hiring sales reps:

1. Know the sales process from beginning to end before ever interviewing another candidate.

Whether the sales cycle is 30 minutes long or months, there are some typical steps that ultimately determine how successful the sales rep will be. Breaking your company’s sales process into these steps enables the sales manager to identify the critical drivers and then assess the candidate’s past performance against these. At a broad level most sales processes can be categorized into these big segments:

Prospecting and lead generation
Qualifying the lead and conducting needs analysis
Proving your product’s worth in comparison to the customer’s needs
Preparing some type of offer or proposal
Closing and negotiating the offer
Of course, there are multiple variations to this depending on customer need, the complexity of the offering, the type of buyer involved and how the buying decision is made, the dollars involved, budgets available, economic conditions and competitive positioning, to name just a few.

A performance profile summarizes these details in the form of a series of prioritized performance objectives including specific results and time frames. For example, a performance objective for a sales rep developing a new territory might have an objective like, “within 30 days prepare a detailed territory plan including target clients to meet.” A similar performance objective for a outbound telesales person might be, “within 30 days after completing the training convert 35% of all sales calls into minimum $100 orders.”

Once these performance objectives have been determined put them into priority order. The top two or three (out of 6-8) tend to become the critical success drivers. For example, conducting needs analysis with a decision-maker might be relatively easy, with the real key to success being the ability to get past a gate-keeper and arrange the meeting with the decision-maker. It is essential that the members of the hiring team understand these critical success drivers and then hone in on them during the interview. (Here’s more information on how to prepare performance profiles and interview for a wide variety of sales positions.) From what I’ve seen lack of understanding of real job needs is the primary cause of bad hiring decisions, not only in sales, but for all jobs.

2. Benchmark the candidate’s performance against the performance profile by asking about these issues:

Get specific details about how the person managed the process and how well they did.
Find out their track record of making quota and how they recovered when things went sour.
Walk through the sales process at a few major successful accounts and compare this to yours.
Walk through the sales process where the person was unsuccessful and compare this to yours.
Find out how the person learned the product line and compare this to yours from a complexity standpoint and the amount of training provided.
Go step-by-step through all of the team issues including managing and processing leads, orders, and pre- and post-delivery issues.
Compare your typical buyer to the types of buyers the candidate successfully handled.
Find out how successful the candidate was working for different sales managers, ask about their styles, then compare these to the hiring sales manager’s style.
3. Benchmark the candidate’s past performance to the performance profile, especially against the critical success drivers.

We use our 10-Factor Candidate Assessment template as a guide to evaluate the candidate against ten factors we’ve seen to be strong predictors of on-the-job success.

For sales, the primary keys to an accurate assessment include a comparison of the sales process, the types of buyers involved, the sales cycle, the complexity of the product and associated terms, and the degree of competition. Of course, the behavioral issues can’t be ignored including persistence, learning the product line, organizational skills, and team leadership, among others, but these are secondary to having a track record of sales success in a comparable situation.

4. Assess managerial fit.

This is probably the most important, yet it is almost always overlooked. A sales manager must be dedicated to training and developing his or her sales team. This requires significant direction, on-the-job training, constant follow-up, the ability to motivate others, and involved planning.

In situational leadership terms these are the classic Director and Coaching styles. A self-managing Delegating style rarely works in sales, especially for a new hire. A Participating style involving territory planning and target account tactics would be appropriate for an experienced sales person who can achieve his goals with limited direction and support.

From what I’ve seen too many sales managers aren’t as involved as necessary to keep their teams on track. If a sales manager isn’t willing to devote 100% of her time to developing and managing her team, even it’s comprised of good people, it will underperform. That’s why choosing the sales manager is the first step in getting the sales hiring process right.

As part of the sales hiring process, we also recommend the use of some type of cognitive and behavioral questionnaire for all finalists. While there are many of these tests around, we’ve been using Profiles International’s for over 20 years with great success.

Knowing that some type of formal test is being used keeps the interviewers more focused, increasing overall assessment accuracy.

Hiring sales people is relatively easy if you don’t get emotionally involved. This alone will eliminate many common hiring mistakes. Regardless of your underlying sales process, the process of hiring great sales people is exactly the same whether you’re selling ERP software or part-time vacation villas. That’s the real secret to hiring great reps.

Leader of Mechanical Design Group (mn195nj)

Job Title: Leader of Mechanical Design Group (Nanjing)
Job Description:
Company introduction: The client is a European company, which has become the world leader in automotive and machine tool markets during past 50 years, by offering its customers a combination of advanced products, market knowledge, and commitment to long term global partnerships. Building on these foundations, it has created an international organization able to deliver application, design, and service support virtually anywhere in the world. Its growth has been characterized by a strong commitment to research and development and close cooperation with customers in the automotive, machine tool, appliance, compressor, bearing, electric motors, aerospace, computer, and other industries. For the quick development in China, they are now looking for the talents to join them.

Report To: GM
Location: Nanjing

Responsibilities:
1. To assist and cooperate in designing complex industrial automated applications.
2. To assist in localizing original applications from headquarters.
3. Design coordination and commissioning & operation support.
4. Mechanical engineering, manufacture and installation technical support.
5. Mechanical design (application layout, mechanical proposal diagram and detail drawings, pneumatic & hydraulic control system, etc.)
6. Long term Strategies:
7. To fully coordinate a large group of experienced mechanical designers.
8. To coordinate internal with engineering and production process.
9. Good organizing the mechanical design jobs for big project.
10. Deal external with customers and sub-suppliers.
11. Sales and bidding support.
12. To coordinate the technical exchanges between the local company and the headquarters abroad.
13. Any other assignments as assigned by Director.

Qualifications:
1. Degree/background – Bachelor Degree in Mechanical/Automation, Engineering, Automatic Handling Devices or related.
2. Experience – At least 10/15 years in auto-industrial automation line or special machine applications design and/or engineering manager
3. Language – Chinese. Good English in oral, reading and writing.
4. Strong knowledge and interest in mechanical design job. Priority-Knowledge of dimensional measuring principle or special machine.
5. High AutoCAD and Solid work/ ProE skills.
6. Good at mechanical solutions.
7. Flexibility, creativity, aggressive attitude to work in team, good communications skills and organization ability.
8. Availability to stay several months abroad for design coordination.
9. Strong interest in growing up with the company.
10. Ability to carry out several tasks at the same time. Plus -Able to always meet deadlines of different tasks and provide quality design
11. Willing to work independently and under pressure
12. Highly responsible and careful.
* Please send us your complete resume (both in Chinese and in English to: ‘topjob_mn195nj@dacare.com'(Please replace “#” with “@”)
* In the email subject MUST you plus the position name ?in either En or Ch ?

Monster snaps up ChinaHR

US-based online recruitment service provider Monster yesterday secured complete control of ChinaHR.com, paying $174 million for the remaining 55 percent stake in the Chinese recruitment site.

Monster had said in its financial report for the second quarter of 2008 that it would pay $200 million to $225 million in cash to ChinaHR.com shareholders.

Monster said in 2005 that it would take the remainder if ChinaHR.com was unable to get listed within three years.

Analysts said the failure of the IPO was due to problems with ChinaHR.com’s profitability. The company suffered a loss of 150 million yuan in 2007, according to Monster’s financial statements for the year.

“The acquisition will give Monster a stronger presence in the Chinese online recruitment market,” said Edward Lo, executive vice-president of Monster China, who takes over as the interim CEO of ChinaHR.com while maintaining his current Monster post.

China’s online recruitment market is led by NASDAQ-listed 51Job with a 29 percent share, followed by ChinaHR.com with 24 percent, according to Beijing-based consulting firm Analysys International.

Although Monster’s acquisition comes amid a slump in US online labor demand due to the global financial crisis, Lo said it is an opportune time for Monster to invest in the Chinese market.

“The economic situation which has ups and downs is a cycle,” he said. “The merger is not a short-term investment but a long-term strategic partnership to create the best global recruitment platform.”

Liu Tong, an online industry analyst from Analysys International, said it is a good deal for Monster from a long-term perspective as China’s online recruitment market is growing rapidly. It grew 36 percent year-on-year in the first quarter of 2008.

In addition, ChinaHR.com’s loss does not mean it has operational problems, he said. In 2007, it achieved a revenue of 281 million yuan.

The merger with Monster means there will be enough cash flow to enhance its brands, he added.

More than 90 percent of ChinaHR.com’s revenue comes from the online recruitment compared to 33 percent of its rival 51job’s, Liu said, adding it means there is plenty of space for Monster to diversify ChinaHR.com’s future revenue structure.