China faces highest staff turnover rate
Source: CCTV.com
Employers in China are facing the highest staff turnover rate in Asia topping 20 percent last year. A survey by leading international recruitment and staff management company Hudson, reveals Chinese employees are seeking the highest salary increases in Asia this year.
Sara Lee, a Fortune 500 company, recently solicited advice from employees about what the company could do to make their jobs more enjoyable.
Ruan Weihua, Marketing Director of Sara Lee (China) Co. said “We quite often organize such events among our staff, and want them to know that the company regard them not only as employees, but also as a whole family. This is part of our efforts to reduce the staff turnover rate, however the figure doesn’t stay as low as we expect. ”
A growing number of companies recognize the importance of team-building and are offering more training opportunities to nurture loyalty. The efforts have had mixed success, however, as recent reports show salary is still the number on concern for Chinese employees, when choosing a job.
Angie Eagan, General Manager of Hudson Shanghai said “Many markets in the world give salary adjustments that are related to. And all this investment and all this economic activities is creating the demand of people. And that drives up people’s value in the economy. ”
A survey conducted by Hudson China suggests nearly one-third of all local employees plan to ask for pay rises of more than 20 percent this year. And two-thirds expect their annual bonus to rise by at least ten percent. Fitting into this picture is also a turnover rate, especially in the service sector, which has held firm between 10 and 20 percent over the last 12 months.