Archives November 2009

China Career Builder Corp. Announces Signed Letter of Intent to Acquire Issac Search Ltd

China Career Builder Corp., (“The Company or CCB”) (PINK SHEETS: CCBX) a Delaware Corporation, is focused on outsourcing human resource services and staffing services in Hong Kong, China. Today, the company is pleased to announce has signed a Letter of Intent to acquires 49 percents of Issac Search Ltd of Hong Kong. This acquisition is consistent with the company’s Strategic Business Plan, designed to build enterprise value through organic growth and select acquisition opportunities. The company is expected to complete satisfactory due diligence in the next Three (3) weeks, and complete the acquisition by the end of Q4, 2009 or early Q1 2010.

“We have been selectively considering strategic alliance or acquisition candidates for some time to achieve CCB’s strategic vision. We are confident this acquisition with Issac Search Ltd enhances that vision and provides the elements required to expedite our business model,” added CCB’s President, Mona Yim.

ABOUT THE COMPANY

China Career Builder Corp. (The Company) through its subsidiary Asian Career Company Ltd. provides outsourcing human resource services and staffing services in Hong Kong, China. The company provides recruitment services focusing on the professional, management, clerical, administrative, IT and industrial market. Its services include screening, recruiting, training, workforce deployment, loss prevention and safety training, pre-employment testing and assessment, background searches, compensation program design, customized personnel management reports, job profiling, description, application, turnover tracking and analysis, opinion surveys and follow-up analysis, exit interviews and follow-up analysis, and management development skills workshops. The company markets its recruitment services through a combination of direct sales, telemarketing, trade shows, and advertising. The company incorporated in Delaware, headquartered in Hong Kong, China.

For further information please refer to the Company’s website at www.ChinaCareerBuilder.com

If you would like to receive regular updates on China Career Builder Corp. please send your email request to info@ChinaCareerBuilder.com or contact the company’s Investor and Public relations at ir@ChinaCareerBuilder.com .

Senior Consultant Basel II (it160bj)

Company: *******

Job Title: Senior Consultant Basel II

Report To: Department GM

Location: __ Beijing_

It is one of the world’s leading software and IT services companies. They provide software and consulting solutions that are designed to meet the specialized needs.

Job Description:

1. Lead consultant in the delivery of Basel II solution

2. In both presales activities and project implementations, to act as a primary source of knowledge for Basel II. To do so, the consultant should be able to:Command full knowledge of Basel II. Speak with confidence to clients about Basel II. Be constantly updated with changes and additions to Basel II.

3. In both presales activities and project implementations, to act as lead consultant in the delivery of the SunGard Basel II solution.

4. Communicate and Collaborate effectively with the sales and presales groups responsible for the company Basel II solution.

5. Communicate and Collaborate effectively with the key consultants in the company Basel II solution Business Unit (head office/development center)

6. Understand and manage client requirements and satisfaction. Configure and modify the company Basel II solution as needed.

7. Create reports using the underlying Business Intelligence tool of the company Basel II solution.

8. Configure and modify the database structure of the company Basel II solution as needed.

9. Create key documentation deliverables such Functional Requirement Specification, Detail Design Specification, Data Specification.

10. Facilitate highly professional interaction with clients to enable the creation of key presales and project deliverables.

11. As lead consultant, to ensure that junior consultants in the team are being developed to perform in the same capacity as a lead consultant.

Qualifications Requirements ?

1. Degree in any Business, Finance, Economics, Computer Technology discipline

2. Held full-cycle Lead Consultant role in more than one successful Basel II implementation

3. At least 5 years working experience in the implementation of Basel II solutions

4. At least 10 years working experience in a mixture of the Finance industry and the Information Technology industry

5. Excellent skills in: Leadership, coaching and mentoring; Organization, multi-tasking, planning and execution; Communication in written and verbal Mandarin and English; Organizational navigation and interaction.

6. Risk Management Certifications

* Please send us your complete resume (in Chinese and in English) to: ‘topjob_it160bj@dacare.com'(Please replace “#” with “@”)
* In the email subject please include the position name and job #

Senior Consultant ALM (it159bj)

Company: *******

Job Title: Senior Consultant ALM

Report To: Department GM

Location: __ Beijing_

It is one of the world’s leading software and IT services companies. They provide software and consulting solutions that are designed to meet the specialized needs.

Job Description:

1. Lead consultant in the delivery of Company’s ALM- Asset and Liability Management solution.

2. In both presales activities and project implementations, to act as a primary source of knowledge for the ALM business.

3. Command full knowledge of ALM functions and processes for financial organizations. Speak with confidence to clients about ALM functions and processes. Be constantly updated with changes and additions to regulatory requirements of ALM functions and processes.

4. In both presales activities and project implementations, to act as lead consultant in the delivery of the Company ALM solution.

5. Communicate and Collaborate effectively with the sales and presales groups responsible for the Company ALM solution.

6. Communicate and Collaborate effectively with the key consultants in the Company ALM solution Business Unit (head office/development center)

7. Understand and manage client requirements and satisfaction. Configure and modify the Company ALM solution as needed.

8. Create reports using the different reporting tools that can be used with the Company ALM solution.

9. Create the necessary data mappings for the Company ALM solution using SSIS or the Company BDI solution.

10. Create key documentation deliverables such Functional Requirement Specification, Detail Design Specification, Data Specification.

11. Facilitate highly professional interaction with clients to enable the creation of key presales and project deliverables.

12. As lead consultant, to ensure that junior consultants in the team are being developed to perform in the same capacity as a lead consultant.

Qualifications Requirements ?

1. Degree in any Business, Finance, Economics, Computer Technology discipline

2. Held full-cycle Lead Consultant role in more than one successful ALM implementation

3. At least 5 years working experience in the implementation of ALM solutions

4. At least 10 years working experience in a mixture of the Finance industry and the Information Technology industry

5. Excellent skills in: Leadership, coaching and mentoring; Organization, multi-tasking, planning and execution; Communication in written and verbal Mandarin and English; Organizational navigation and interaction.

6. Risk Management Certifications

* Please send us your complete resume (in Chinese and in English) to: ‘topjob_it159bj@dacare.com'(Please replace “#” with “@”)
* In the email subject please include the position name and job #

HSBC pledges no job cuts in Hong Kong

HSBC (0005) says it has no plans to lay off staff in Hong Kong. The assurance comes one day after the lender said it was axing 1,700 employees in Britain.
“It’s really the British side’s affair,” said Vincent Cheng Hoi-chuen, chairman of local arm Hongkong and Shanghai Banking Corp. “The European economy is not faring well, so it’s not surprising to have positions reduced or natural wastage to compete better.”

Cheng said in Hong Kong the bank has been recruiting staff, especially for frontline jobs.

HSBC sacked some 650 workers late last year and early 2009 when the global financial crisis began to bite hard, but hired 100 people in August.

And its insurance business said earlier this week it is hiring more financial services officers. HSBC will continue its Asian expansion while maintaining its present scale of its business in Britain, Cheng said.

UK rivals Royal Bank of Scotland and Lloyds Banking Group received bailouts totaling 46.5 billion (HK$595.11 billion) from the British government, but Cheng said HSBC is not facing any financial pressure.

He added the US$18 billion (HK$140.4 billion) raised from a rights issue earlier this year has yet to be used.

Cheng refuted claims that a 508 million yuan (HK$576.63 million) premium HSBC paid for its joint venture with the Bank of Communications (3328) is unfair, saying the local lender is very positive about its partner’s credit card business development in the mainland.

Cheng believes recent moderate property price adjustments have not affected HSBC’s mortgage business, adding more affordable homes may even give it a boost.

Shanghai Salary Raises Slow

Employees in China’s richest city, Shanghai, saw salaries stagnate this year – at least compared with what they have grown used to.

They can’t expect much of a pick-up in 2010 either. Perhaps worse for many Shanghai workers used to ever-upward mobility is that its people will do merely as well as the rest of China.

Human-resources firm Hewitt Associates LLC on Thursday predicted average annual salary increases will be 7% in 2010, about equal to what is expected nationwide.

That won’t necessarily make things comfortable for employers. Hewitt’s Shanghai Compensation and Benefits Study concludes that for employers, it will be back to the challenge of hiring enough good workers: “In order to hire more talent, enterprises have put salary increases on the agenda.”

The study, which included 911 enterprise participants, shows the average annual salary increase in 2009 in Shanghai was 5.2% in the non-manufacturing sector and 5.4% in the manufacturing sector, about half the 11.2% and 10.1% increases seen in those sectors in 2008. The average lagged the national level of a 5.8% increase in salaries in 2009.

“As an international financial metropolis, Shanghai is inevitably influenced by financial crisis,” the firm said.

Rather than layoffs, it found salary freezes in Shanghai this year. The voluntary rate of turnover – job-hopping – slid 3.4 percentage points in 2009 to 13.9%, the firm found.

The employees still commanding good increases this year: pharmaceutical and medical-device firms, up 8.9% and 9.1% respectively.

The market for new job seekers was tougher than ever. The average starting salary for a fresh university graduate was 45,153 yuan ($6,615) this year, while post-graduates could earn 63,732 yuan.

Separately, Standard Chartered Bank economist Stephen Green, in a report Thursday, takes issue with the conclusions reached in China’s effort to track urban private sector wages. He said the National Bureau of Statistics study probably captures only about 42% of the nation’s 450 million workers. Since the ones missed are likely lower-paid migrant workers, the official statistics probably overstate actual wages, said his report.

Mr. Green puts the urban wage at 1,476 yuan a month, compared with the government’s estimate of 2,077 yuan.

Finance Controller (fi249sh)

Job Title: Finance Controller
Report To: CFO – Region Asia Pacific

Located in: Yangtze River Delta

Company Introduction:

Our customer is a leading global producer of industrial minerals, founded in Switzerland and has more than 100 locations in many countries. It mainly fillers and pigments derived from calcium carbonate and dolomite, and a worldwide distributor of chemical products and the major markets are the paper, plastics, paint/coatings/adhesives industries as well as construction, environment and so on.

Job Description:

The job role mainly manages and operates 2BUs finance affairs, included all financial functions work and business support to Group Investment.

Responsibilities:

1. The incumbent will develop and implement local policies and procedures, which are consistent with the corporation’s international policies and procedures and are also in accordance with the statutory requirements of China;

2. Act as an active member of the decision-making process locally, specifically providing financial expertise and leadership;

3. Oversee the establishment of proper management reporting systems, analyses and ensures reporting practices.

4. Prepare, review, and communicate monthly financial and operating results, performs analysis of financial and other business trends and access progress towards achieving strategic goals;

5. Overall control of preparation and submission of periodic financial statements (IFRS and local) and all other internal financial reporting, eg GIF, CAR, FPR, etc.;

6. The incumbent is responsible for coordinating, advising and assisting company management in the development and analysis of both short and long term planning, annual budgets, business forecast and capital expenditure plans.

7. The incumbent will continuously monitor the various laws, tax rules and other related matters, which have the impact on the administration or the profitability of the organization and advising the company management of the changes.

8. Cash/Treasury Management and Tax Planning in co-operation with Regional CFO, Omya Group Treasury and Tax functions;

9. Provide financial and analytical support where requested by company managers/staff, eg production/logistics/marketing, with a view to cost-efficiencies/profitability improvement;

10. Preparation of CAR’s, with reference to Group Investment Manual and utilize Omya Investment Model where appropriate (with local operations management);

11. Improvement of the IT and EDP processes (with local and regional management teams where applicable);

12. Dealing with legal issues and continuous reviewing of contractual relations (with local management team);

13. Change ERP templates.

Qualifications:

1. Bachelor’s degree in Finance or Accounting;

2. About 8-10 yrs accounting and finance working experience in foreign invested production manufacture enterprise, or group level experience, controlling leader, strong leader function?must?;

3. Familiar with the Chinese and international Accounting?IFRS?, strong analytical skills, financial and tax policy; Sound knowledge about financial software; ERP software knowledge desired, good presentation skills;

4. Ability to find solutions and achieve objectives and drive to completion;

5. Excellent organizational and planning skill – Proactive problem solver;

6. High level communication skills;

7. Self motivator;

8. Team player, excellent interpersonal skills and understanding of different cultures / work environments;

9. Good command of English both in oral and written is a MUST.

* Please send us your complete resume (in Chinese and in English) to: ‘topjob_fi249sh@dacare.com'(Please replace “#” with “@”)
* In the email subject please include the position name and job #

Many Guangzhou workers face salary cuts, job losses

Many workers in Guangzhou are facing salary cuts or job losses, as both the private and the public sectors struggle in the midst of the economic crisis.

As many as 40 percent of the State-owned enterprises (SOEs), or government-controlled shareholding companies, have reduced or plan to reduce staff salaries in the prosperous southern metropolis, according to a recent survey conducted by Guangzhou Urban Survey and Research Center.

More than 50 percent of the city’s privately-operated companies have cut jobs in the past months, according to the survey.

But less than 10 percent of the Party and government departments and bureaus have cut staff or reduced salaries.

“Many SOEs have run into difficulties this year because of the worldwide financial crisis,” said a manager from a local SOE yesterday.

Requiring staffs to increase their days off, limiting overtime working hours, reducing salaries and cutting staff have become common measures to fight the financial crisis, said the manager who declined to be named.

“I hoped all the staff can join hands with us to conquer the difficulties,” he added.

More than 83 percent of Cantonese people said their lives have been affected by the financial crisis in the past months, the survey showed.

Only 16 percent of the interviewees said their lives have remained unchanged under the economic slump.

And more than 78 percent of the interviewees are cautiously optimistic about salary increases in 2010.

The survey interviewed 1,016 residents in the city’s downtown districts of Yuexiu, Liwan, Haizhu, Tianhe, Baiyun and Huangpu in September.

Chen Zhaomin, a staffer from a logistics company, said his monthly salary has not been reduced, but all his allowances for travel, telecommunication and entertainment have either been cancelled or sharply reduced.

“And I have not worked any overtime this year, because my boss cannot pay me overtime,” Chen told China Daily yesterday.

Chen estimated his annual income would decrease by about 20 percent this year.

And Wang Cuihong, an accountant from a private firm, said that since the beginning of the year her company has forced staff to take an additional 20 days off every six months.

Also, the staff are usually given only 20 percent of their wages when they are on holidays, Wang said.

Affected by the income reduction, Wang and her family have cut daily living expenses by at least 10 percent this year, she said.

Sales Director-Low Voltage Switchgear (mkt383sh)

Job Title: Sales Director-Low Voltage Switchgear

Report To: GM

Location: Shanghai/Wuxi_______

Responsibilities:

1. Responsible for sale of low voltage switchgear components like ACB, MCCB etc in China market.

2. To build the sales and marketing teams in China such that company can grow sales rapidly, profitably and sustainably.

3. To lead the Sales Team in such a manner as to meet or exceed the company financial budgets and targets in mainland China.

4. Develop and maintain excellent business relationships with key decision makers within the industry and company customer community

5. To develop an understanding of the markets in the various regions within China and to work with the Management Team to develop strategies to that enable the company to use this understanding to grow market share and profitability.

6. To develop a professional sales team in the Greater China Region, instilling structure and discipline into the sales process.

7. To manage risk, particularly those involving warranties and other long term commitments by the company, and to effectively manage the balance between risk and opportunity in all sales activities.

8. Drive the adoption of Best Practice in sales management and the sales team

9. Generate new product and service ideas and channel through the company innovation process

10. Track and document the activities of competitors, customers (direct and indirect) and clients, then formulate effective strategies to maximize the company sales.

11. To manage the collection of cash by the sales team such that debts and debtors are minimized.

12. Manage and allocate sales team resources in order to maximize the effectiveness of our customer relationships

13. Set and monitor individual sales team budgets and targets with respect to Group objectives and Company budgets

Requirements:

1. Bachelor degree or above majoring in Engineering or related areas.

2. Minimum of 10 years relevant commercial experience, with 5+ years at senior management level;

3. Should have experience in low voltage component (not panel) sale through distributors, Power supply bureau, design institute etc.

4. Outperformed sales skills and very strong capability in potential partners define. Written proven sales record will be preferred.

5. Strong in dealing with customers of diverse backgrounds such as SOE and WOE.

6. Expert in project sales & management as well as total solution delivery.

7. Familiar with modern enterprise management modules, ability to lead sales team for results deliverable.

8. Sound commercial awareness. Excellent leadership skills. Excellent promotional, influencing and people management skills. A sound understanding of contracts and contractual risk. Ability to understand cost and pricing issues and their impact on the business.

9. International experience and understanding of managing and coopering in different cultures.

10. The ability to be able to analyze complex issues with incomplete information available. The ability to enjoy working and leading a team in a multicultural environment

11. Excellent communication skills, written and oral, at all levels of seniority, both internal and external to the company. Excellent oral and written communication skills. Good command of English, both oral & writing.

12. Personality: Excellent leadership and team spirit. Strong in interpersonal communication, negotiation and persuasion. Mature, self-motivated, reliable, willing to deal with challenges .Ability to maintain an open mind and high level of flexibility

13. The job covers the whole of China and significant traveling will be required.

* Please send us your complete resume (in Chinese and in English) to: ‘topjob_mkt383sh@dacare.com'(Please replace “#” with “@”)
* In the email subject please include the position name and job #

Wuxi is ready to become a ‘little India’

Wuxi, a picturesque city that lies along the Taihu Lake resort, is planning to build a “little India” in years to come.

Wuxi is traditionally a manufacturing city. But with more focus on environmental protection, especially after a serious blue-green algae outbreak in Taihu Lake that triggered a clean water crisis in mid-2007, city leaders started to study how to transform the city’s development.

Wuxi decided to replace manufacturing with the service outsourcing industry, which has far less pollution and consumes much less energy.

According to its ambitious development plan, the city is expected to attract $30 billion to $40 billion in service outsourcing business and help create service outsourcing jobs for 1 million people by 2020 – equivalent to that of India as a whole in 2007.

The advancement of the service outsourcing industry cannot survive without a large talent pool.

But the city three years ago learned that fewer than 2,000 students in the city were studying software and information technology fields.

As a result, Wuxi established a goal to build a total area of 6 million sq m for software service outsourcing within three years, and encouraged enterprises to cultivate and import skilled workers.

These policies were well received. In 2008, Wuxi’s service outsourcing business accounted for 39.2 percent of companies in Jiangsu province, and the city employed 28.5 percent of Jiangsu province’s service industry employees, according to Fang Wei, deputy mayor of Wuxi.

Growing jobs

This year, the Wuxi government launched a new program to train university graduates. Outsourcing companies will receive a rebate of 4,000 yuan ($586) for hiring a graduate, and every graduate of the training program will receive 1,000 yuan as a subsidy.

The city’s financial sector is also actively providing financial support to enterprises in the service outsourcing industry.

In February, Wuxi became one of 20 cities approved by the General Office of the State Council to build a service outsourcing demonstration city.

In June, 15 banks provided a credit line of more than 4 billion yuan for the city’s 115 service outsourcing enterprises.

The local government joined India’s National Institute of Information Technologies (NIIT), the world’s second-largest educational institution, to establish the NIIT (China) Outsourcing College in Wuxi as a training base for the city’s outsourcing businesses.

While the domestic macro-economy continues to be affected by the global financial crisis, outsourcing is maintaining robust growth in Wuxi.

The city signed $1.14 billion in contracts from January to July, up 110 percent year-on-year.

Experts estimated that by 2010, there will be as many as 100 international service outsourcing and software exports enterprises with annual export values of as much as $30 million.

So far, Wuxi has attracted 22 investment projects from leading multinational service outsourcing corporations and 50 domestic industry heavyweights. Half of China’s top 10 industry heavyweights have established headquarters in Wuxi.

But Fang is looking at bigger goals. “Wuxi is on its way to becoming a ‘little India’,” he said.

After India matured as the world’s largest service-outsourcing base, many East Asian countries – including the Philippines, Singapore and Vietnam – began competing for more market share.

“Enterprises from the Chinese mainland haven’t had much advantage in competing with these countries, but the cooperation across the Straits should bring some opportunities,” said Zhou Ming, deputy director of the China Council for International Investment Promotion (CCIIP).

The service sector accounts for more than 70 percent of the island province’s total GDP.

Zhou said Taiwan’s industrial development experience, technology and branding, along with a massive market and substantial human resources on the Chinese mainland, will greatly enhance the international competitiveness of both regions.

In spite of the financial crisis, the global service outsourcing industry posted a growth rate of 6.3 percent in 2008 – a strong performance in comparison to the world’s average GDP of 2.5 percent.

Many developing countries see the outsourcing industry as an opportunity to survive the international economic downturn, experts said.

Taiwan jobless rate drops slightly

TAIPEI, Taiwan — Taiwan’s jobless rate dropped to 6.04 percent in September, 0.09 percentage points down from a record high recorded in the previous month, the Directorate General of Budget, Accounting and Statistics said yesterday. However, the seasonally adjusted rate hit a record high of 6.09 percent, up from the 6.07 percent recorded in August, the agency said.

In September, the number of unemployed people totaled 661,000, down 11,000 from the previous month, when a record 6.13 percent was recorded, due mainly to new graduates flooding the job market.

According to the results of a survey released Thursday, some 48 percent of the people who lost their jobs over the past year did so involuntarily, and the unemployed were jobless for six months on average.

The results of the survey conducted Oct. 8-21 by the online human resources company 1111 Job Bank show that 21.34 percent of the unemployed were jobless for more than a year, 12.23 percent were jobless for two or three months, and 11.03 percent took one month to find a new job.

An executive in charge of public relations at 1111 Job Bank attributed the high ratio of long-term job seekers to their lack of ability, their slim competitive edge and their unrealistic expectations of their prospects.

The number of job applications sent out by each unemployed person averaged 81, for a total of just six interviews, according to the survey results.

Since July, the number of jobs has been increasing month by month , but with the influx of large numbers of new graduates into the job market, the unemployment situation has not improved much, according to the executive.

A total of 1,431 valid samples were collected for the survey, which had a margin of error of 2.24 percent and a confidence level of 95 percent.