China graduates lower their salary expectations
Apr. 12, 2006 (China Knowledge) – About 6,300 jobseekers competed for 2,920 vacancies at a job fair which was held on Apr. 11, at the Shenzhen Career Service Center, according to State-run Xinhua news agency.
A fresh graduate, Du Qingjie said that his salary expectation is about RMB 1500 (US$187) per month if the company does not provide accommodation. Du graduated from a university in the Shanxi province with a major in electronics. He regards Shenzhen as the first choice city for his career development as many IT companies are concentrated there. He has sent out more than 20 resumes in the last two weeks, without receiving any reply.
Despite the low salaries expected by fresh graduates, some companies are still unwilling to hire inexperienced workers. With about 4.13 million students graduating this year, 25% more than in 2005, and the number standing nearly four times as many as 2001, the competition among new graduates is becoming increasingly fierce.