Category HR Tips and Practices

A Good Sales Recruiter is Worth Its Weight In Gold.

Often times we come across companies that are looking to hire sales people but don’t recognize the value of an outside sales recruiting service. The reason is because they are experienced hiring managers. Certainly most sales managers, one of their key capabilities is to hire good people, but getting to those people is half the battle. This is where a good recruiting company can help. A good head hunter knows how to go in and access the best talent, where ever it may be, including companies which you could not approach directly and can make the difference between hiring B and C players for your company, those who are out looking for a job, and hiring A players, those who typically aren’t out looking for a job.

The results between hiring a B or C player and hiring an A player can be truly astounding. Particularly in the sales arena, a top produce is one who can produce several times the amount of sales as a B or C player. Getting to those people is no easy task and that’s where seeking outside assistance can make a real difference. What’s the bottom line impact? Sometimes it can be worth several million dollars of incremental sales for your company per year. Can you afford not to hire the best in your business? If you really are trying to grow and take your company to the next level, it’s important that you don’t settle for less than the best. This is why a head hunter is so critical to bringing you the talent that you need in order to grow your company.

Human Resources Conference Offers Insider Insights Into Doing Business in China

WALNUT CREEK, Calif., March 1 /PRNewswire/ — China is the world’s fastest-growing economy, offering significant opportunities for U.S. businesses, but also a unique set of HR challenges. Quick employee turnover, widely varying employment laws between provinces, recruiting the right talent, benefits desired by Chinese workers — are all issues for companies entering China and organizations already there.

“Making China Your ‘Gold Mountain,'” a new conference and exposition in South San Francisco on May 23-25, explores the unique human resource difficulties that can significantly affect business success in China. The conference is hosted by XMei International, a business consulting and development organization with expertise in Chinese business practices and their cultural impact.

The conference is the first event in the U.S. with influential Chinese HR executives and business leaders from multinational companies, private Chinese companies, Chinese consulting firms and the government.

Among the abundance of practical advice, attendees will learn:

* Compensation and benefits trends, including how much to pay employees, how to pay them, required benefits, typical benefits package, and what benefits are most valued by Chinese workers
* How to find top talent in China, including how to advertise jobs, and keys to retaining employees in a culture where the average length of employment is two years.
* How Chinese culture impacts doing business in China, including how to work effectively across cultures
* How to outsource HR services in China, including what HR products and services are available in the Chinese marketplace
* How to comply with Chinese employment law — and the critical
differences amongst provinces.
* Which Chinese provinces are the most labor friendly and how to set up business in China.

Delivering keynote speeches will be Dr. George Koo and Dr. Irv Beiman. Dr. Koo, the Director of Chinese Services Group for Deloitte and Touche, will speak on the conference theme, “Making China Your ‘Gold Mountain.'” Dr. Beiman, Chairman of eGate Consulting, Shanghai, will address the links between challenges and solutions of doing business in China to HR requirements there. He’ll discuss five root causes of the HR problems that hinder successful execution of business in China.

“This conference and expo represent a great opportunity to develop a Chinese business network,” said Xiaoli Mei, president and founder of XMei International. “Our keynoters and session speakers are completely accessible. Those doing business in China, and those considering it, will benefit from the educational and social components of the event.”

7 Keys to Successful Employment Selection Decisions

By Stephen Moulton

What Research Tells Us

Over the last 50 years, researchers have conducted numerous studies on the employment selection process. The studies discussed here are some of the most current. We hope this information will help you make better hiring decisions. Successful Interviewing is a Process, Not an Event.

1. Conduct a Job Analysis:

Wiesner, W. H., & Cronshaw, S. F. (1988) A meta-analytic investigation of the impact of interview format and degree of structure on the validity of the employment interview. Journal of Applied Psychology, 61,275-290.

The results showed that structured interviews were more than twice as effective as unstructured interviews. “On the basis of our findings we concluded that the best prediction achievable for structured interviews would be obtained where structured interview questions are based on a formal job analysis rather than a less systematic assessment of job requirements.”

The Wiesner and Cronshaw study reflected some interesting statistics.

1. The typical unstructured interview, conducted by a highly experienced interviewer, had a reliability of predicting job performance of about 15-30%.

2. A structured past-event interview, based on a job analysis, using rating guides, could achieve up to an 87% reliability in predicting job performance.

2. Create a Structured Interview:

Huffcutt, A. I., Roth, P. L., & McDaniel, M. A. (1996) A meta-analytic investigation of cognitive ability in employment interview evaluations: Moderating characteristics and implications for incremental validity. Journal of Applied Psychology, 81,459-473.

This review of 49 studies considered the impact of such factors as structure, type of interviews, and job complexity in assessing the extent to which employment interview evaluations reflect cognitive ability. Why do structured interviews have higher levels of validity? One theory is that they are better at assessing other factors related to success on the job.

3. Use Past Event Interview Questions:

Pulakos, E. D. & Schmidtt, N. (1995) Experience-based and situational interview questions: Studies of validity. Personnel Psychology, 48, 289-308.

In this study, two groups of 108 subjects were interviewed. One group was interviewed using experience-based questions (past event) about how they handled specific situations in the past, requiring skills and abilities necessary for effective job performance. The second group was interviewed using situational (highly structured future event or hypothetical) job related situations and asked how they would respond if they were confronted with these situations. The experienced-based interview questions resulted in higher levels of validity than the situational questions.

Campion, M. A., Campion, J. E., & Hudson, J. P. Jr. (1994) Structured Interviewing: A note on incremental validity and alternative question types. Journal of Applied Psychology, 79, 998-1002.

This study was conducted to see if a structured interview can have incremental validity in the prediction of job performance beyond a battery of cognitive ability tests. In addition, the study looked at whether the future oriented situational interview or past oriented behavioral interview would have higher validity. The validity of past interview questions (.51) was higher than the validity of future interview questions (.39). In addition, the past-oriented interview questions demonstrated incremental validity beyond future questions and the tests.

4. Use Interview Panels:

McDaniel, M. A., Whetzel, D.L., Schmidt, F.L., & Maurer, S. D. (1994) The validity of employment interviews: A comprehensive review and meta-analysis. Journal of Applied Psychology, 79, 599-616.

This investigation focused on what prior research had found on interview validity. The results were that the validity of structured interviews were higher than unstructured interviews and panel interviews were more valid than individual interviews. The study also found that interviewers who had access to test scores prior to interviewing candidates appeared to decrease validity.

So what is the big deal? The traditional interviews that most managers conduct will not keep your company ahead of the power curve. If you what to improve your ability to hire the right people for the right positions, structured panel interviews are the most effective. Panels need only be two or three members.

5. Control Biases and First Impressions:

Marlowe, C. M., Schneider, S. L., & Nelson, C. E. (1996) Gender and attractiveness biases in hiring decisions: Are more experienced managers less biased? Journal of Applied Psychology, 81, 11-21.

This study demonstrated that highly attractive male candidates were consistently rated as more suitable for hire than either marginally attractive male or female applicants. In addition, marginally attractive females were at the greatest disadvantage. Finally, men were perceived to be more suitable for hire or advancement than equally qualified women.

Bias and error by interviewers is a key reason for interviewing failure. Without some sort of scientific tools and training, interviewers will often make hiring decisions based on “gut feelings” and intuition. “Gut feelings” and intuition should be used to make probing more effective.

Dougherty, T. W., Turban, D.B., & Callender, J. C. (1994) Confirming First Impressions in the Employment Interview: A Field Study of Interviewer Behavior. Journal of Applied Psychology, 79, 659-665.

This study examined the behavioral styles of interviewers to confirm their first impressions of job applicants. In this study interviewers followed up positive first impressions by showing a high regard toward the candidate “selling” the company and giving job information. The interviewer also gathered less information on the candidate.

The candidate’s job is to make a good first impression. The first impression façade is often as unreal as the façade of a movie set, looks good, but little behind it. Interviewers that allow themselves to be sold by first impressions do little to check the qualifications of the candidate behind the façade.

Additional findings included:

1. Inexperienced candidates might be restricted in a range of potential responses to past questions. The relative flexibility of an interview probe based on past questions might improve relative effectiveness.

2. Future questions may be impacted by “fake-ability.”

“Fake-ability” relates to the candidate’s efforts to deliver responses that are not true in order to obtain a test or interview result that is favorable. Having the ability to minimize or eliminate “fake-ability” is perceived as important when screening for new employees.

6. Use a Rating Guide:

Cesare, S. J. (1996) Subjective Judgement and the Selection Interview: a methodological review. Public Personal Management, 25, 291-306.

Beyond such research considerations is the practical development of a sound interview that is psychometrically adequate, legally defensible, and cost effective. First, an effective interview must be premised on a through job analysis to outline the content, score, and determine the primary work domains of the position being examined. By extension, it is vital to align the rating dimensions contained within the job analysis to those content-based questions asked in the interview and those which correspond to segments of the performance criteria.

Additional findings included:

“ An essential component of any interview development strategy is the inclusion of training.”

The difference between an interview built on a job analysis, that links the interview questions and the rating guides, and one that doesn’t, is like the difference between day and night. Improving objectivity from subjectivity is a significant step toward the science end of the selection spectrum. Training is a key to user success.

7. Use Consensus Ratings:

Pulakos, E. D., Schmitt, N., Whitney, D., & Smith, M. (1996) Individual differences in interviewer ratings: The impact of standardization, consensus discussion, and sampling error of a structured interview. Personnel Psychology, 49, 85-103.

This research study investigated the validity of averaged versus standardized versus consensus ratings. This study sampled 515 professionals in a large Federal agency. The sample included a large cross-section of minorities. Past-oriented interviews were used to measure the quality of the rating process. “The underlying notion is that the best predictor of future performance is past performance in similar situations.” The result was that the validity of consensus ratings was significantly higher than the other approaches. The belief was that the interviewers were accountable to their peers and hence were more accurate in their ratings.

The consensus rating plays a key role in getting the right candidate. When interviewers and raters know they will have to meet and be accountable on the reasons for the fit of the candidate, they become more objective and thorough in their interviewing efforts.

Additional findings included:

1. Structured interviews, if preceded by a thorough job analysis, can be developed to tap the many skill and ability areas required for the job.

2. Experience-based interviews had little impact on, and were equally valid for, subgroups (White, Black, Hispanic, male, and female).

Past event questions were shown to be more effective than future event questions. Validated situational interviews often take weeks and cost $10,000 or more per position to create. Validated past event structured interviews can be created for 99.99% less.

Note that this study also supports the need for a thorough job analysis that identifies the skills or competencies necessary for success.

Bottom-line

Plowing through research studies like these can be dull and dry, as these summaries may be. Yet, they help us to understand what managers and interviewers need to do in order to hire employees and team members that will succeed and add to the success and bottom line of your company’s profitability.

China Impacts The World

By Frank Mulligan – Recruit China

By now I am sure you have seen the headlines. ’Chinese stock plunge sets off a worldwide sell-off’, and ominously, ‘It began in Shanghai’.

If you haven’t been paying attention to this story maybe it is time to take a look. It looks and sounds like the beginning of a Hollywood thriller except that this time it’s for real.

Putting aside the negative consequences of the world-wide stock sell-off, it is clear that China has come of age. Ten years ago, or even five, no one paid any attention to the stock markets in China. There was little incentive to do this as the exchanges in Shanghai and Shenzhen were inaccessible to foreigners. Additionally, the stocks themselves were not of sufficient quality to grab anyone’s interest, and the market was extremely opaque.

It was more akin to gambling than investing.

The situation has changed a lot since then but it is still hard to come to terms with the fact that the Chinese stock exchanges were the first to fall and that they triggered a world-wide panic. It’s a bit like growing up. Suddenly you have all these additional skills but don’t know how to use them.

The source of the sell off appears to be the idea that the former US Federal Reserve Chairman, Alan Greenspan suggested a recession in the United States, and soon. The good news is that if you look at his comments, he did not specifically say that he expected a recession in the US. What he said was ‘ While, yes, it is possible we can get a recession in the latter months of 2007, most forecasters are not making that judgment and indeed are projecting forward into 2008 … with some slowdown’.

Not exactly the sky falling down, is it?

Here in China the upside of this is that the narrative of a recession and a falling stock market may cause companies in China, both foreign and local, to hold back investments in new factories and offices. Big companies are like that. Staffers don’t make strategic investment in uncertain times.

This should trickle down to a slowdown in hiring, albeit small, just at a time when it would normally increase rapidly. Candidates might also absorb the current headlines and become a little more conservative. The net effect might be an increased stability in retention patterns. So look out for a little fewer resignations than usual, which is a definite positive.

On the flip side you may have a harder time convincing candidates to join your company if you are new to the China market or the role is risky.

Headcount: Wrong Way Huawei

Here at Headcount HQ, we’re always interested in tales from the high-rolling, globetrotting executive recruitment market – especially when they involve mysterious companies like Huawei Technologies Co. Ltd.

A high-level network architect recently recounted a strange tale in which he was recruited by two corporate recruiters and a half-dozen Huawei managers, only to end up with an offer that was roughly half of what he earned in the States. To take the job, Huawei also wanted him to relocate his family to China and live in Huawei’s corporate housing – without a relocation package or an education budget for his kids.

Something got lost in translation.

“What a waste of time,” said our source, who described the Huawei recruitment process as some sort of “Keystone Cops” experience.

The failed seduction started when our source got a call from a Huawei recruiter in Beijing. Our source says that after he expressed interest, he was quickly bounced from recruiter to manager to manager, back to recruiter, and then eventually to a manager at Huawei’s FutureWei subsidiary in Texas.

Not only was nailing down the exact requirements for the job difficult, says our networking expert, but none of the Huawei executives could agree on where he should be based. The office proposals ranged from Beijing to Shenzhen. Sydney, Australia was mentioned, too, and that’s a long drive from Futurewei’s office in Plano.

Finally, our source asked for a formal letter with a formal offer. What he got was a letter asking him to take a laughable pay cut and pack his bags for a company dorm in Shenzhen.

Headcount hopes this yarn serves as a warning for execs everywhere: A bit of fragrance clings to the hand that gives flowers. Actually, that wasn’t the lesson at all. That just came up in my Chinese proverbs desk calendar. Oh, well…

Recruiting on Asian Job Boards

With Internet access spreading across Asia, employers can tap a growing array of online sites for sourcing candidates.
By Fay Hansen
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Vault.com is a well-established hunting ground for job candidates looking for U.S. job postings and inside information on employers. Recruiters post 500,000 openings a month on the site¡¯s job board and monitor the message boards to track candidate and employee postings about their company.

Vault analyzed its traffic data in 2005 and discovered that many of the users on its U.S. site were job seekers in Asia looking for career information and insider perspectives on U.S multinationals. To meet this obvious need, Vault launched its Asia site a year ago. Vault Asia now averages more than 200,000 unique visitors a month and posts jobs for employers across Asia.

Recruiters and job seekers can now find detailed information on the interview process for a technician at Ikea in Shenzhen, China, or the signing bonus for engineers at Qualcomm in Hyderabad, India. New hires freely report their experiences with the recruiting process and salary offers at major companies.

This year, Vault will break up the Vault Asia site into targeted sites for individual countries, with new sites for India, China and South Korea going live in the first quarter of 2007.

“Hiring is through the roof in Asia, particularly in China and India,” says Edward Shen, general manager of Vault Asia.

Vault is part of the boom in career sites and job boards that is sweeping Asia. Internet recruiting has become a primary recruiting method in China and India, where economic growth is fueling nonstop hiring across all industries.

Recruiters are posting on the sites as soon as they appear. On January 11, NewChinaCareer.com went live. One month later, postings on the site for jobs in China included 296 positions at Microsoft, 320 at IBM and 492 at GE. Recruiters are using the site to source candidates with fluency in English for jobs in all the major cities in mainland China plus Hong Kong, Taiwan and Singapore.

Growing access
Job growth is explosive across Asia. China¡¯s major cities generated 12 million new jobs in 2006, according to the National Bureau of Statistics of China. GDP growth in China hit 10.7 percent in 2006, a full point above expectations.

India reported GDP growth of 9.2 percent for 2006 and surpassed South Korea to become Asia¡¯s third-largest economy, after Japan and China. Job growth is soaring at both foreign and Indian multinationals.

“Accenture is hiring 500 people a month in Bangalore alone,” Shen says.

This volume of hiring is possible only when sourcing is fully automated through employment sites. The major players are job boards such as ChinaHR.com, which posts nearly 1 million jobs each day and offers 10 million registered job seekers. ChinaHR, the oldest employment site in China, sold a 40 percent stake in the site to Monster.com in 2005.

Recruit.net, a fully trilingual job search engine based in Hong Kong, posts 2 million jobs a month in English, Chinese and Japanese for positions in China, Japan, Australia, India and Singapore.

“Throughout Asia, the major job sites are becoming very important parts of the culture of each country,” Shen says. “They have a major presence through advertising.”

The number of Internet users in Asia is approaching 400 million, up 241 percent from 2000, according to Internet World. Although the Asian Internet penetration rate is only 10.5 percent overall, penetration in South Korea, Singapore and Japan is roughly equivalent to the U.S. rate of 69.6 percent.

China had 137 million Internet users by the end of 2006, up 23 percent from 2005, according to the China Internet Information Center. In Beijing and Shanghai, penetration is approaching 40 percent; in Hong Kong, it is 68.2 percent.

“In India and China, Internet use among the younger generation is at the same level as in the United States,” Shen reports. “Our surveys of Vault¡¯s Asian members show that they are starved for information about careers and employers. The focus on careers among recent graduates is greater than what we see in the United States.”

Rapid growth and high turnover drive constant recruiting. “Young professionals in China will change jobs two or three times a year and leave a company for a small salary increase at another company,” Shen says.

Private-sector wages in China rose 11.4 percent for the year ending in the third quarter of 2006, according to the National Bureau of Statistics of China.

High demand is balanced by a high supply. Vault¡¯s recruiting contacts in China and India report that the supply of candidates is strong and that many companies say they have too many applicants.

“InfoSys in India had 1.3 million applicants in 2006, with a large portion of this coming in through the company¡¯s Web site,” Shen notes. “Young professionals are focused on brands, so a company like InfoSys receives many r¨¦sum¨¦s.”

In China, multinationals and top domestic companies are looking for specific skills from native Chinese with English-language skills, so the challenge is to identify the right people, Shen says. Multinationals recruiting for professional positions on local job boards receive an extraordinarily large volume of responses and need to be prepared to target individuals.

Global partnerships
The online recruitment market in Asia is still far behind that of the United States, according to Maneck Mohan, director of Recruit.net. In Recruit.net¡¯s markets, Australia is the most mature and China the least developed in the transition from traditional offline media job postings to online postings.

“In the United States, 80 percent of the Fortune 500 companies now accept only online job applications,” Mohan says. “For the Asia 500, this number is just below 25 percent, and we expect it to reach 40 percent by the end of 2008.”

Because the site drives targeted job seeker traffic to the job listings on the company¡¯s Web site, all information flows directly into the employer¡¯s application tracking system.

Companies that use Recruit.net¡¯s premium services can tap the site¡¯s pay-per-click system. The companies define their own budget and then only pay for job seekers that click through to their job listings instead of paying for each posting.

Recruit.net also offers job-seeker analytics to measure the effectiveness of job advertisements and to collect information on job seeker behavior.

“For example, companies can track the keywords that job seekers used to find their job, how many times the job was displayed and the percentage of displays that resulted in a job seeker click-through,” Mohan reports.

The jobs are also syndicated across a network of partner sites and distributed to niche sites, forums and blogs.

“This dramatically increases the reach and visibility of the jobs to a passive, highly targeted job seeker audience,” Mohan says.

In November 2006, Recruit.net entered into a partnership with the U.S.-based DirectEmployers Association, which maintains JobCentral.com, an employer-owned search engine. Many of DirectEmployers¡¯ members are large U.S. multinationals. Jobs posted on either of the two sites now automatically appear on both.

“U.S. employers with operations in Asia are the primary users,” says Bill Warren, CEO of DirectEmployers. “It gives them another outlet and a much more cost-effective way to reach job seekers in Asian locations.” More than 140 U.S. employers are now using the Recruit.net site for posting jobs at their Asian locations.

The flat membership fee of $12,500 a year for DirectEmployers companies includes international job postings. Non-member companies can post a position for $25.

Job seekers who are interested in a job posted on JobCentral.com are automatically routed to the company¡¯s Web site, so DirectEmployers does not have information on the final outcome for candidates or employers.

“But the member company renewal rate is 95 percent, indicating a high level of satisfaction with the offerings,” Warren says.

Warren believes that the rapid expansion of global recruiting conducted through the Internet will continue.

“Over the next few years, we¡¯ll see more of the upward spiral in usage,” he says. He notes that both Monster and CareerBuilder are pushing for an international presence. The number of employment Web sites stands at 40,000 worldwide, according to the International Association of Employment Web Sites.

“Also, international job listings will become a commodity as they are now becoming in the U.S, with no charge for the listings and all revenues for the site driven by advertising,” Warren says. “We see this approach now with the rise of Google, which will have a huge impact on Internet recruiting over the next few years. Developments overseas lag three to four years behind the U.S.”

The technology is in place for global recruiting and true workforce mobility, but it¡¯s difficult to project political developments with respect to visa regulations, Warren says. With Asian multinationals now investing heavily in the U.S. and Europe, however, the push for simultaneous job postings across all regions will accelerate.

As Asian multinationals continue their cross-border merger-and-acquisition activities and buy up more U.S.-based companies, job postings will flow out from the Asian firms and create new opportunities for global job boards and for recruiters working in the U.S. and abroad.

Lenovo Encourages More Female Engineers

Lenovo has announced its sponsorship of the “Global Marathon For, By and About Women in Engineering,” a live webcast event that will be broadcast to a worldwide audience on March 22.

Lenovo also pledged its multi-year support for the National Engineers Week Foundation and the Global Marathon. This third annual Global Marathon will provide a global audience of K-12 and college students, teachers, counselors, parents and professional women engineers access to top women engineers in leading institutions and industries around the world.

Lenovo will kick off the live Global Marathon from its executive headquarters near Raleigh, North Carolina in the United States at noon EST and will feature Fran O’Sullivan, senior vice president of the Lenovo Product Group, and Dr. Sally Ride, former astronaut and the first American woman in space.

“Lenovo is focused on cultivating a diverse and talented pipeline of engineers. By reaching students early, we can help them overcome the subtle social obstacles that often turn school-age girls away from technical professions,” said O’Sullivan. “This is our way of inspiring the next generation of women engineers by exposing them to a wide showcase of role models who have built distinguished careers in technical fields.”

O’Sullivan and Dr. Ride will also lead a Q&A session at Lenovo with students from North Carolina schools during the live Global Marathon webcast.

Lenovo’s global engineering team will also participate in the Global Marathon, giving presentations from countries including China and Japan. Over the course of 24 hours, various leaders from the engineering field around the world will hold conversations through webcasts, Internet chats and conference calls in an effort to encourage girls to pursue engineering careers

Online Recruiting Sites: A Booming Market For China’s HR Conundrum

Shaun Rein of the China Market Research Group submits: My firm recently interviewed senior executives of MNCs in China about their operations in China and what parts are strong and what parts need improvement. One of the respondents’ biggest complaints in doing business here surprisingly was not corruption or IPR issues. Indeed, the majority of respondents said that the Chinese Government has cracked down on corruption and IPR enforcement to the improvement of business conditions.

Instead, the most common complaint from our interviews was HR related. As China’s economy booms, executives said that it is hard to recruit and retain good talent that will help them scale their businesses and enter into the potentially lucrative 2nd and 3rd tier cities of China .

I wrote about strategies for retaining talent in a recent Harvard Business Review piece, and how MNCs need to put in place better training programs, eliminate glass ceilings for Chinese workers, and reduce if not eliminate outsized expat packages that cause jealousy amongst lower paid Chinese employees.

China’s HR conundrum is something that confuses a lot of people who have not had to hire people here. They reason that there are so many people in China looking for jobs that it must be easy to hire people. They point to the fact that China’s number of university graduates matriculating every year has quadrupled in the last five years from 1 million to 4 million and to the fact that there are 180 million migrant workers who “float” around China looking for job. How can it not be easy to hire talent, these people reason, especially if you give them salaries like $500 USD a month that is far less than what companies pay workers in the US but far more than the average GDP per capita in China which stands around $100 USD a month.

The problem is that the skills that most workers possess are not necessarily what MNCs are looking for. For those with the needed skills, it is an employees market. They can and do demand ever higher salaries, with MNCs regularly doling out 20% annual increases to retain even mediocre talent. Restless and wanting to be the boss and make millions, they are switching jobs every year or so, leaving MNCs constantly looking to hire.

As a result of market conditions, large executive search firms like Korn/ Ferry (KFY), Russell
Reynolds, and Spencer Spuart as well as boutique ones have been multiplying. It seems like every other office in my building in Xintiandi is either a headhunting or textile company.

But online recruiting sites like 51jobs.com (JOBS), ChinaHR.com, Zhaopin.com, and an aggregator that pulls job listings from across the internet called Yingjiesheng.com is of the most interest to retail investors. The top three sites together control nearly 70% of the online job market with 51jobs.com leading the pack with a 39% market share, followed by ChinaHR.com at 15% and Zhaopin.com with roughly 14%. And it is a booming market.

My firm, the China Market Research Group (CMR), estimates that the online job market in China will grow fourfold by 2010 from its 2005 value of $100 million USD. Growth will remain steady as the majority of China’s 125 million internet users fall between the ages of 18 and 28. This age group, which I have termed China’s Baby Boomers, are internet savvy, much as their peers in South Korean are. They are willing to apply to jobs online. In our surveys, China’s youth said that they like to conduct a job hunt using online job hunting sites because it is “convenient” and because some of the sites like Yingjiesheng.com “actually have relevant information about companies including the interview experiences of other applicants.”

Investors have been paying attention to these numbers and sentiments.

Monster.com (MNST) invested $50 million USD in 2005 to buy a 40% stake in ChinaHR.com. More recently, Monster invested another $20 million USD to increase its stake in the company to 45% and has announced that it intends to take control of the company sometime in 2008.

Zhaopin.com, at present the smallest of the big three, recently received an investment of $20 million USD from Seek Limited, the largest job site in Australia. It has announced plans to differential itself from its competitors by targeting younger job seekers in China’s 2nd and 3rd tier cities.

Of the big 3 online job hunting sites, only one, 51jobs.com is public. So, should investors buy shares in the biggest player of a hot market?

The financials for 51jobs.com has been promising in 2006. Q1 2006 saw revenue of $21.5 million USD, 21% higher than Q1 05. Total second quarter revenue was $21.7 million USD 18% higher than Q2 05. The growth continued in Q3 with revenue was up 12.5% over 2005 Q3. Profit for Q3 was $12.1 million USD, 15.9% higher than the same period last year.

The stock has been wild, moving from $15 USD in early January to a high of $31.90 USD in the middle of May after beating estimates, before crashing back down to $12.70 USD at the end of October after missing earnings estimates. It is now holding steady at $16.56 USD on December 22.

Right now, 51jobs.com seems to have the edge in terms of market share over its competitors. But Chinese internet users are fickle and mass migrations from one site to another after a change in technology or service are quite common as 51jobs.com still has not created a stickiness factor. MNCs seem to post jobs on all 3 of the major sites.

We found recently the following examples of MNCs that use online job hunting sites to find talent:

51job: ABB (ABB), Advanced Micro Devices (AMD), General Electric (GE), Hitachi (HIT), HP (HP), Microsoft (MSFT), Motorola (MOT), Oracle (ORCL), Tyco (TYC), and Webex (WEBX)

Zhaopin: Bayer (BAY), Bayerische Motoren Werke AG (BMW), Colgate Palmolive (CL), Ford (F), HSBC (HBC), Philips (PHG), Shangri-La (SHANG), Royal Dutch Shell pls (RDS.A)

ChinaHR: Timken (TKR), China Mobile (CHL), Cisco (CSCO), Dell (DELL), Ebay (EBAY), Google (GOOG), International Business Machines Corp. (IBM), Morgan Stanley (MS), Sina (SINA), and Western Union (WU)

However, more and more MNCs are getting used to posting jobs on university BBS which are free and which is where the majority of students we interviewed said they go first when looking for jobs. Students like BBS like Fudan University’s because they can “discuss” a company there, get “company specific interview information”, ask for “advice on salary” packages – a scary situation for companies, however, as all their rejected applicants might criticize them.

In the next 6 months, I do believe that 51jobs.com has room to grow and capture more market share. It might be worthwhile for investors who are willing to take a few risks to look at buying a few shares. I think that the risks in 51jobs.com are quite high because of the potential competition. I see Zhaopin making big strides with its new war chest – this could pose a threat. However, I don’t see Zhaopin being able to take away major market share in the next 6 months.

Keep your eyes on the competition though. I believe that one major player will emerge in the next 12 months and that there will be a consolidation of the industry to 1 or 2 major players.

Note: CMR Analysts Ben Cavender, Natalie Zhu, and Allen Lee contributed to this article.

Five Tips for Resumes When You Can List Only One Employer

When you’ve worked at only one employer for your whole career, writing a resume that wins interviews may be no easy task. The reason: Some hiring managers and recruiters may take a dim view of your single-company job history. While you might see signs of loyalty or job security, they may wonder why you haven’t moved to a better opportunity or been recruited, among other questions.

“It’s an absolute red flag,” says Daniel Barr, a partner with Christian & Timbers, an executive search firm in New York. “I would proceed with caution before recommending someone with a real long tenure with one corporation to a client.” His main concern, he says, would be a candidate’s ability to adjust to a new work culture.

If you have been with one company, it’s important to quickly defuse any qualms a hiring manager might have about your job history.

To lessen the odds that it will hinder your efforts to move on, organize your resume using these five tips.

1. Show progression.

If you’ve been promoted, your job titles are likely to reflect your career advancement, says John Marcus, a resume writer and job coach in Sarasota, Fla. For example, you may have gone from accounting supervisor to assistant controller to controller.

Start your “Job History” section with your employer’s name as a heading in bold, says Ms. Kursmark. On the same line, list your starting and ending years with the company, she says.

Emphasize your titles by giving each its own treatment, says Ms. Kursmark. List each one, flush left, and in bold, and, if you have been promoted consistently, provide the dates. If your most recent position has been for four years or longer, Mr. Marcus advises leaving dates out to avoid raising doubts about your potential for promotion.

For each position, list your achievements and responsibilities in bullet points, says Ms. Kursmark.

2. Show adaptability.

When Harvey Brackett, 42, of Fresno, Calif., wrote a resume after leaving his employer of 21 years, he listed each of his past positions separately and added descriptive bullet points. For his position as a co-manager, he stressed management skills, and for his position as a human-resources technician, he highlighted organizational and recruiting skills

“I wanted to show potential employers that I was versatile and my skills weren’t limited,” says Mr. Brackett.

Can’t come up with a diverse range of skills and experiences? Think about your company’s changing needs and how you adjusted to them over time, says Jewel Bracy DeMaio, executive resume writer for APerfectResume.com in Sanatoga, Pa.

“Just because you may have worked with the same company, it doesn’t mean that you’ve done the same thing eight hours a day for 20 years,” she says.

Make it clear that you have worked in different positions or offices to show that you can adapt to different managers and co-workers, says Mr. Barr.

If you have remained in one position without being promoted, highlighting a broad background is especially important, says Mr. Marcus. He suggests making the first bullet point under your title a task directly related to the position you are seeking and listing other areas of expertise with an emphasis on variety.

3. Use numbers.

Quantify your results for hiring managers. Mention the amount of money you were able to save or generate for your company and the number of people you supervised.

“Dollar signs and percentages carry the highest impact,” says Ms. Bracy DeMaio. If you are unsure about a figure, use a good estimate, she says.

4. Group skills together under subheadings.

Subheadings are good ways to showcase different areas you’ve worked in. These groupings may include results, training and skills acquired in several positions. You also can create subheadings for special projects you were involved in, Ms. Kursmark says, using bullet points to stress results or achievements.

If you have remained in the same position with the company, subheadings will help you avoid a lengthy list of bullet points and will help make your resume more readable. When recruiters do a quick scan of your resume, they may get the impression you have a varied background, says Mr. Marcus.

5. Bolster experience.

If your resume looks a little bare, including relevant internships can show additional experience, says Mr. Marcus.

After working for three years with a district attorney, Brandi Brice, 29 of Philadelphia, was worried she would be typecast as a prosecutor while trying to break into white-collar defense. Ms. Brice, who hasn’t accepted an offer yet, listed her internship with the defender’s association to bolster her experience and show that she is capable of working for either side of the law.

Recruiters may be concerned that adjusting to a new work environment may be more difficult for someone with experience with just one company. Volunteer work and other activities where you interact with different people can show that you are comfortable in a variety of settings and that it won’t be difficult for you to adjust, says Lindsey Pollak, a career-advice writer and speaker in New York.

Providing additional relevant information such as professional organizations, leadership and civic activities also can add credibility, says Ms. Kursmark.

20 Bad Workplace Habits

Marshall Goldsmith is a famous executive coach, who has worked with more than 80 CEO¡¯s in the world¡¯s top corporations. He has a fabulous new book out called What Got You Here Won¡¯t Get You There. Actually, the title is not very descriptive, but the subtitle says it all: 20 workplace habits you need to break. It¡¯s a content-rich, well-written book.

While Goldsmith warns against self-diagnosis, I found the list incredibly helpful (even though I am not and never will be a CEO.) The practical, real world advice he provides for conquering these bad habits is immensely useful. Here¡¯s his list of bad habits:

1.The need to win each time
2.The overwhelming desire to add our two cents to every discussion
3.The need to pass judgment on others
4.Needless sarcasm and cutting comments
5.Starting with ¡°no¡±, ¡°But¡±, ¡°However¡±
6.Need to show how smart we are
7.Speaking when angry
8.Negativity: the need to share negative thoughts even when not asked
Withholding Information
9.Failing to Give Proper recognition
10.Claiming credit we don¡¯t deserve
11.Making excuses
12.Clinging to the past
13.Playing favorites
14.Refusing to express regret
15.Not listening
16.Failing to express gratitude
17.Punishing the messenger
18.Passing the buck
19.An excessive need to be ¡°me¡±: exalting our faults as virtues simply because 20.they¡¯re who we are