Archives May 2009

Draft set to regulate SOE executives’ pay

The draft to regulate payment of executives in China’s State-owned enterprises (SOEs) is ready for review and approval from the State Council, the country’s Cabinet, 21st Century Business Herald cited an unnamed source as saying.

A source from the Ministry of Human Resources and Social Security, the authorized agency to make the draft, told the paper that the regulation will set a guideline on salary structure, performance evaluation and other niches that would affect the salary package.

The salary package would consist of three parts, including the basic annual salary, payment based on performance and mid- and long-term incentives, according to the source.

The source added that once passed, the regulation would narrow the income gap between SOE executives and employees, and set the gap at a reasonable level. The Ministry of Finance, the China Banking Regulatory Commission and the China Securities Regulatory Commission would jointly carry out details of the regulation.

In terms of listed companies, the source suggested amending the corporate law to make sure minor shareholders have a say in deciding the pay of high-level executives, and accelerating the information disclosure process.

Even with non-listed companies, information on high-level executives’ pay should also be made public to some extent, a move which will make it easier for stakeholders to monitor, said the source.

Supervision agencies such as auditing, finance and human resource departments are also urged to check the income distribution in SOEs, including high-level executives’ pay.

Investment Director (fi207sh)

Position: Investment Director
Location: Shanghai
Company introduction:
Our client registered in Hong Kong and established office in Shanghai in 2000.
During the past several years, it experienced rapid growth. Now it has been transformed into resource supplier successfully.
Now they have definite aim to become new generation resource suppliers. From 2005, they have been focusing on the development of the overseas investment projects. Now they are on the way to be an international enterprise aiming at resources supply, comprehensive trading and strategic investment.
Because of expanding, they are looking for talents to join them.
Responsibilities:
1. Lead and manage team. Make research on investment strategy and manage current investment, including domestic fund, Hong Kong, American and Australia’s security. Analyze economy situation and make marketing research and collect data on investment project.
2. Evaluate and design investment project.
3. Participate in preparing feasibility study report and investment investigation report.
4. Check related documents and make action plan.
5. Participate in managing investment project and give suggestions on business development.
6. Finish other task assigned by leader
Requirements:
1. Bachelors degree in finance, economics, accounting, or related field
2. Have participated in training in finance and project management.
2. Rich knowledge in finance and investment. Working experiences in security, bank and venture capital is a plus.
3. Strong oral and written communication skills in both Mandarin and English (CET6 or above).
4. Strong analytical, negotiation and communication skills. Optimistic and be pleased to face challenge.
5. Be able to work under pressure.
6. Strong learning and coordination ability.
7. Self-motivated, detail-oriented, and hard-working, and good team players
8. Be familiar with related law and policy.

* Please send us your complete resume (in Chinese and in English) to: ‘topjob_fi207sh@dacare.com'(Please replace “#” with “@”)
* In the email subject please include the position name and job #

Commercial Manager (mkt287sh)

Job Title: Commercial Manager
Report To: Developing Department Manager
Location: Shanghai
Our client is a leading supplier in energy and mining industry for China by providing stable and high quality of resources from oversea. With the development in Global marketing, they are looking for talents to join them.
For this position, we are looking for candidates with oversea education or working experience in European countries. Hope our candidates have strong interest in Investment and M&A project and could handle commercial project independently in future.
Responsibilities:
1. Responsible for the Marketing Analysis, Development and Industry Research in oversea marketing for Metal Mine ;
2. Identifying/delivering short term & mid term opportunity through existing & new account with current solution offering;
3. Developing potential channel or program in the exploitation of mineral resources;
4. As a key member participated in the commercial negotiation, program assessment, law and finance investigation;
5. Effectively work with internal team, such as technical?trading?investment and so on to ensure every program go on smoothly;
6. Supporting the Developing Director in Risk Management activities and tracking of project progress;
Requirements:
1. Degree holder in Business Management, Language or related major;
2. At least 2 year of experience in oversea investment and M&A project; Experience in dealing with foreign vendors/suppliers and project management is a plus
3. Proven successful track record in winning business in the market
4. Conceptual thinker and detail oriented;
5. Be able to work independently, but also a team player with a strong client service approach;
6. Self-motivated, pro-active and fast-learner;
7. Solutions and results-oriented;
8. Be multitasking and can work under stress;
9. Strong written and spoken English communication skills; could speak France also;

* Please send us your complete resume (in Chinese and in English) to: ‘topjob_mkt287sh@dacare.com'(Please replace “#” with “@”)
* In the email subject please include the position name and job #

Production Manager (eo160nj)

Job Title: Production Manager
Report To: GM
Location: Nanjing
Company Introduction:
Company introduction: The client is an 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. For the quick development in China, they are now looking for the talents to join them.
Job Description:
The job holder is taking up a management responsibility of the production function. His job is to ensure the smooth running of the production function to meet the production plan, productivity, quality, associates training, safety, cost control, and target.

Responsibilities:
1? Responsible for the overall production and operation, pay attention to production safety, products quality, cost control and employee development;
2? According to the company’s policies, ensure employee’s safety from every level and by mutual cooperation;
3? Develop and implement the production procedure, production policies and regulations;
4? Adjust the production strategy according to the information and feedback of engineering or/and sales& marketing department;
5? Control the products quality via various policies and actions, meet the standards and requirements, handle appropriately defective products, and ensure the inventory accuracy;
6? Manage and instruct subordinates’ work, maintain effective communication with other department;
7? Plan the employment of workforce and equipments, effectively control cost, avoid wasting;
8? Coordinate the planning department and sourcing department, keep the production line working smoothly.
9? Undertake other duties as assigned by GM;

Qualifications:
1. Mechanical Degree/background?University degree of Manufacture Operation, Production or relevant;
2. Experience?Minimum 5 years work experiences in directly managing production department with strong sense on efficiency.
3. Desired Qualifications:
With a good level of knowledge and experience of lean manufacturing in shop, including 5S, TPM, Quick Changeover, Poke-yoke, TQM, VSM and so on;
ERP knowledge
Experience in production planning and material quality. Good experience in precision technology, and mechanical production.
4. Ability:
Able to Spoken/written English;
Strong theoretical knowledge and practical experiences in production organization, management and leadership;
Good communication skills in personnel relationships;
Skilled in coaching and leading employees at all levels and in various disciplines within the organization;
Strong ability in coordination and supervision;
Skills of solving production problems, cost control ability and team leadership.
* Please send us your complete resume (in Chinese and in English) to: ‘topjob_eo160nj@dacare.com'(Please replace “#” with “@”)
* In the email subject please include the position name and job #

Procurement & Sourcing Manager (Nanjing) (mkt286nj)

Job Title: Procurement & Sourcing Manager (Nanjing)
Job Description:
Company introduction: The client is an 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. For the quick development in China, they are now looking for the talents to join them.

Report To: GM
Location: Nanjing

Responsibilities:
To manage the sourcing and purchasing business, with responsibilities for leading and developing the team and achieving the company commercial targets.
1. Build efficient and effective purchasing management system, including build various sourcing processes
2. Lead, guide and monitor the purchasing team to implement sourcing processes
3. Lead commercial negotiations with suppliers.
4. Review and amend working processes to ensure efficient running of department
5. Conduct sourcing planning and build sourcing strategy
6. Train purchasing and motivate purchasing team member
7. Lead the purchasing team continually to identify potential new suppliers and closely communicate with current suppliers
8. Lead the purchasing team to build good relationship with suppliers
9. Lead the purchasing team to achieve or exceed company sourcing goals
10. Other responsibilities that company may need
11. Localize the components, the products and/or equipment
Requirements:
1. B.E. in Mechanical Engineering or relevant
2. Minimum 6 year Sourcing/Purchasing experience in manufacturing/ machining process environment
3. Be familiar with machining process and heat treatment. Good experience in precision machinery parts.
4. Rich Experiences in localizing the products and/or production.
5. Strong project management and matrix organization collaboration skills are a must.
6. Ability to carry out several tasks at the same time. Solid analytical skills, with excellent follow-up and attention to detail.
7. Be able to work under pressures.
8. Good oral and written English.
9. Strong leadership. And
* Please send us your complete resume (in Chinese and in English) to: ‘topjob_mkt286nj@dacare.com'(Please replace “#” with “@”)
* In the email subject please include the position name and job #

Online Email Shows Microsoft Will Cut Jobs In China

An email, which China’s Xinhua News Agency reports is rumored to be an internal email from Microsoft, is being spread online, stating that a new round of staff reductions at Microsoft will affect the company’s employees in the Greater China region.

According to the email which is said to be signed by both Liang Nianjian, CEO of Microsoft Greater China, and Zhang Yaqin, chairman of Microsoft China Research and Development Group, the global staff reduction will affect few of employees in Greater China, but the company has not disclosed the exact number of employees to be involved.

Steve Ballmer, CEO of Microsoft, reportedly sent an email to all staff of the company on May 5, announcing that that company would quickly complete its plan of reducing 5000 staff to lower employees’ distress. Earlier this year, Microsoft already cut about 1400 jobs globally, and at that time, a few of the employees in China were affected.

So far, there is no direct comment from Microsoft China on the report.

TSMC plans to hire up to 300 engineers

Taiwan Semiconductor Manufacturing Corp (TSMC, ???), the world’s biggest contract chipmaker, plans to hire up to 300 engineers after forecasting more than 80 percent growth in shipments this quarter, said recruiting agency 104 Corp (???), which is helping with the headhunt.

The recruitment drive is part of TSMC’s long-term investment in technological research and development, ensuring that it will be among the earliest companies to benefit once the economy recovers, 104 spokesman Max Fang (???) said.

“It is good timing for local employers to launch large-scale recruitment drives because the nation’s tough job market means a bigger selection,” Fang said. “We believe TSMC is just the beginning and there will be more recruitment programs by local companies later this year because hiring is usually closely linked to an economy improving, as it is now.”

An average of 10 candidates apply for each job offered by high-tech firms today, Fang said, as electronics firms hit by the recession remain cautious about hiring.

The Hsinchu-based chipmaker intends to hire between 200 and 300 design, processing technology and research engineers initially, potentially adding more positions later, Fang said.

As of the end of February, TSMC had about 22,000 employees globally, down 3.8 percent from about 22,800 at the end of last year, the company’s annual report said.

Meanwhile, competitor United Microelectronics Corp (UMC, ??) said it had no plans for significant additions to its payroll because prospects for the second half of the year were still unclear.

However, a UMC official said that the company expected strong growth in shipments in the second quarter.

UMC launched a major restructuring in the second half of last year, tweaking its organizational structure and streamlining its workforce to cut costs and improve profitability.

Separately, a survey conducted by 104 suggested an improvement in the domestic job market.

Job openings have increased 13 percent to 203,000 — the highest figure since last October — since the beginning of the year, when 180,000 jobs were on offer.

However, the number of job openings is half the number of current job seekers, meaning that the unemployment rate may not see an improvement in the short term.

The jobless rate hit a new high of 5.81 percent in March, with 670,000 adults unemployed, government figures showed.
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Ernst & Young Cuts Staff In China

Ernst & Young, one of the world’s biggest auditing companies, is reportedly encouraging its staff in China to leave the company.

According to an insider quoted by local media, Ernst & Young recently issued a notice, asking employees to sign an agreement with the company about their departure from the company. The insider disclosed that employees of the company’s auditing, risk consulting, and tax departments across China are mostly affected and as many as 20% of the employees in these departments have been asked to leave.

However, Ernst & Young denied publicly that it is reducing staff or encouraging them to leave. The company said that it has not cut any jobs, but instead it has launched a human resources initiative to encourage staff to take a low-pay leave on voluntary basis and encourage them to take the Certified Public Accountant examination.

Questioned why the company has launched this initiative, some employees quoted in local media believe it is not because of the current financial crisis, but that the company has not done well on localization and has hired too many foreign employees in China and this has led to an increase in human resource costs.

It is understood that starting November 2008, Ernst & Young and KPMG began to think of staff reductions. Earlier, Chinese media reported that Ernst & Young had written to its employees in China asking them to consider taking a 40-day low-pay leave between July 2009 and 2010.

China’s Graduates: How Much a Month Did You Say?

For Liu Kai and Yu Min, about to graduate from Harbin Institute of Technology’s Weihai campus in Shandong Province and on a job-hunting trip in Beijing, the indignities are piling up.

For one, as students from outside Beijing, they aren’t allowed into job fairs held on the campuses of some Beijing universities. At the job fairs they do attend, most jobs are either too low-level, sometimes just requiring a high-school diploma, or too advanced, geared for applicants with years of working experience.

But the main source of humiliation is the issue of pay. For applicants with no work experience, the base salary for a sales job is as little as 1,000 yuan to 1.500 yuan (around $146 to $234) a month.

“We don’t have high salary expectations as long as we can make a living on our own,” says Liu.

But can they live on 1,000 yuan a month?

To put it in perspective, a migrant worker in Beijing earns around 1,200 yuan a month, and many so-called ayis — or aunties, a term for housemaids – can make twice that. As for accommodation, sure, it’s possible to find a 12-square-meter single room beyond Beijing’s Fifth Ring Road for 350 yuan a month but a 1-bedroom apartment rarely rents for less than 1,500 yuan a month, judging from listings at real-estate portal Soufun.com.

A survey of more than 1,000 college graduates from 14 universities in Tianjin finds that 9.8% expect a first salary of below 1,000 yuan a month, while 62% see a monthly pay in the 1,001- 2,000-yuan range, while not one expects a salary beyond 5,000 yuan (in Chinese here).

At the job fairs, Yu finally lands an interview for a sales position with a monthly base pay of 1,000 yuan. A plus is that food and dormitory-style accommodation are paid for. But he still passes on the chance after a phone call from his parents. “My mom strongly rejected my idea to go for this company, as she didn’t think the 1,000 yuan salary was enough for me to survive on in Beijing,” he said.

Yu’s mother doesn’t want him to accept anything for less than 3,000 yuan a month. Judging from the job-fair billboards, that seems an increasingly unrealistic goal. “I don’t see any possibility of that for now,” Yu says.

At a job fair in Zhongguancun, nicknamed Beijing’s Sillicon Valley, a privately owned company selling cosmetics online is hiring telemarketers, at a base salary of 1,500 yuan a month. “We indeed see a lot more college graduates applying for such comparatively low-level positions this year”, said human-resources manager Liu Yansong.