Archives 2006

CFO(China)

http://ehr.chinahr.com/jobs/job_detail.asp?job_id=20050104000214000654&stat=-1

Company introduction:

Our client has substantial interests in various undertakings such as residential, apartments, commercials, shopping centers, hotels, office buildings, industrial estates, townships as well as the highly regarded as Superblock – mixed-use developments. Internationally, the group consist of more than 80 companies with hundred projects all over the world, such as Indonesia, Singapore, Malaysia, China and USA.

Requirements:

1)Bachelor’ s or above degree in Finance or Accounting related area ;
2)CPA ,ACCA or CGA holder is preferred
3)15+ years financial experience in real estate development and investment management.
4)3+ years working experience in China mainland
5)Have the ability to manage cash management ,tax planning, and cost control during big project process
6)Good communication skill both in Chinese and English;
7)Good command of MS office;
8)Strong analytical skills;
9)Self-motivated, quick to learn and with teamwork spirit.

Please send your complete resume to topjob_fi089sh@dacare.com

China-Based Employees Demand More Perks, Better Salaries

By Kathy Chen and Peter Wonacott
From The Wall Street Journal Online

China’s office workers may not know who Dilbert is, but many are feeling the pain of the popular cartoon character who works long hours for a soulless corporation.

And they are starting to fight back.

PricewaterhouseCoopers’ Beijing office recently has seen a rash of resignations in its auditing division, and, in July, a group of senior auditors approached the firm’s partners to complain about what they described as paltry pay and long hours.

“People felt that they were doing a very good job, but their salary increases weren’t ideal,” says one auditor who quit the firm this summer after working there several years, partly because of the long hours. To top it off, he says, even though senior auditors often worked until 1 a.m. or 2 a.m. each night and on weekends, they weren’t eligible for overtime pay (though they could take time off).

PricewaterhouseCoopers quietly settled the dispute by agreeing to pay all of their auditors overtime and to issue annual bonuses early. “We hadn’t done the best job communicating with staff, which happens when we’re so busy,” says Dave McCann, the firm’s partner in charge of human resources in China. “Now we’re starting more communications.”

Problems are brewing in the cubicles at multinationals in China. As business booms, foreign companies are pressuring local employees to be more productive, even as budgets — and salaries — remain tight. The trend coincides with some fundamental changes in China’s white-collar work force: No longer satisfied with just a job at a brand-name foreign firm, many Chinese professionals aspire to more leisure time and other accoutrements of a middle-class lifestyle. They also are showing greater awareness of their legal rights under labor laws.

The result is that labor friction, once confined to factories and unprofitable state enterprises, is seeping into the offices of multinationals in China. “At first, Chinese employees [at these companies] felt the salaries were higher, so they put up with the conditions. But gradually, they have become more and more dissatisfied and want to see improvements,” says Zou Zhen, a division chief at the state-backed All-China Federation of Trade Unions.

Adds Frank Gallo, head of the Beijing office of human-resources consulting firm Watson Wyatt Worldwide, “Companies need to be more conscious of people’s needs.”

A multinational job in China is still much cushier than working for a state-run company. While workers may be under more pressure to perform, monthly salaries are equivalent to $400 for receptionists and $3,500 for engineers, for example. Wages at state-run enterprises usually range from $50 a month to $200, although some are starting to pay more-competitive salaries.

Foreign firms also offer more opportunities to go abroad and to learn modern skills. Meanwhile, many of the former perks offered by state-run employers — job security, shorter hours — are fast disappearing as they, too, come under competitive pressures.

The number of labor disputes is rising, too. Last year, Chinese arbitration authorities heard some 226,000 cases involving more than 800,000 employees, up 23% and 31%, respectively, from 2002. Mary Gallagher, an assistant professor of political science at the University of Michigan, says that while foreign companies prefer to settle disputes internally, they also are seeing a rise in the number of cases.

But some workers are taking their multinational employers to court. Last fall, more than a dozen former managers at MSD China, a joint venture between Merck & Co. and a Chinese pharmaceuticals company, filed suit against the company alleging that they were fired over wrongful charges of misconduct. The firings took place around the time Merck was conducting global layoffs, and the Chinese employees believe the company fired them to avoid paying severance packages.

Alice Chin, MSD’s head of external affairs, says the company terminated certain employees because “they violated the company’s policies and procedures.” She says several cases have been settled through arbitration, while others are pending in China’s arbitration and court systems.

In April two Chinese workers sued Shanghai ADT Facilities Management Co. after they were fired for allegedly breaking company rules. A General Motors Corp. joint venture had hired workers from Shanghai ADT for low-skilled tasks, such as cleaning services. These employees worked at the GM site, but weren’t given health benefits or a work contract, and paychecks were delayed, says Qiu Jie, a director of the Labor Law Aid Center at the East China University of Politics and Law in Shanghai, which advised the employees. The arbitration panel ordered Shanghai ADT to pay them back wages and erase the rule-breaking allegation.

Shanghai ADT, a joint venture between Knight Facilities Management Inc. of Saginaw, Michigan, and two Shanghai companies, including GM’s passenger-car partner, Shanghai Automotive Industry Corp., declined to comment. Shanghai GM said it wasn’t aware of the dispute. Shanghai GM said any such situation would mean it would “take immediate action to demand the supplier provide all the necessary information and labor contracts…to address the issue.”

Some Chinese professionals also are getting riled over the often-huge differences in pay between local and expatriate staff. Under China’s old centrally planned economy, workers were paid roughly the same. These days, pay scales are uneven, and working elbow-to-elbow with highly paid expats stokes resentment, says S. Prakash Sethi, a professor at the City University of New York’s Baruch College who advises multinationals on codes of conduct. He says similar workplace frictions are playing out in other countries where skilled local professionals are in demand, such as India.

In this environment, some trade-union officials see an opening to expand their membership among white-collar workers in foreign companies, one-third of which are unionized. China’s unions fall under the umbrella of the All-China Federation of Trade Unions, which traditionally has been closer to management than workers.

Some multinationals are trying to adjust their policies pre-emptively to meet the changing needs of their workers — and of their own fast-growing operations in China. Merck, which has a female-heavy work force, says it has introduced flextime for working mothers and opportunities for managers to work in the U.S.

PricewaterhouseCoopers, whose annual revenue is growing more than 30%, is revving up hiring and becoming more selective about which projects it takes on. “With our China practice becoming more mature,” says Johnny Chen, partner in charge of the firm’s Beijing office, “we need to focus more on retaining the qualified accountants we have recruited and trained.”

http://www.careerjournal.com/myc/workabroad/20041130-chen.html

Air New Zealand appoints General Manager for Greater China

Wednesday, April 05, 2006

Air New Zealand is a step closer to launching its proposed Shanghai service with the appointment of a Regional General Manager for Greater China and regulatory approval to operate three services a week into Shanghai’s Pudong Airport.

Peter Elmsly, currently Air New Zealand’s General Manager for Eastern Region, has been appointed to the newly created role, assuming responsibility from 1 May 2006.

Previously part of Eastern Regions, the move to appoint a separate Greater China General Manager reinforces Air New Zealand’s commitment to launching a direct Auckland to Shanghai service later this year.

Based in Shanghai Mr Elmsly will have overall responsibility for China and Hong Kong operations including the launch of the Shanghai to Auckland service.

Having spent the last three years based in Japan, Mr Elmsly has an intimate understanding of the Asian market and experience in developing New Zealand as a premium tourist destination among Asian travellers. He also played an integral role in reviving demand and driving significant growth following challenging times such as SARS.

He also brings to the role more than 35 years of experience within Air New Zealand in various roles including General Manager of the United Kingdom and Europe markets and General Manager of Cargo.

Mr Elmsly said gaining approval to operate services into Pudong Airport enabled the airline to quickly progress plans to launch its service and start driving visitor growth from China, already New Zealand’s sixth biggest source of visitor arrivals.

“With more than 88,000 visitors to New Zealand from China in the year ending February 2006, and strong forecasted growth, the opportunity to drive significant inbound tourism for New Zealand is endless. I’d like to look at ways of harnessing online sales capability to drive real growth within the Greater China region,” said Mr Elmsly.

In addition to the launch of the Shanghai service, Mr Elmsly will also manage the introduction of the airline’s new Boeing 777 aircraft on the Hong Kong route from 1 July, and driving growth to fill the 30 percent increase in capacity.

With approval to operate into Pudong, Air New Zealand is now finalising slot times with a view to begin selling fares in a few months time, followed by the commencement of services in November.

Air New Zealand will utilise its new 313-seat Boeing 777-200ER aircraft, configured in a format of 26 lie-flat Business Premier seats, 18 Pacific Premium Economy seats and 269 seats in Pacific Economy.

Airfares and flight schedules will be announced once slots have been gained.

The replacement for Mr Elmsly’s role of General Manager of Japan will be announced later.

http://www.etravelblackboard.com/index.asp?id=49724&nav=28

Labour shortages hit China’s manufacturing sector

Lack of young workers could push up the cost of Chinese-produced goods

Persistent labour shortages in China’s factories are pushing up wages and benefits, which could make Chinese-made products less of a bargain, according to economists.

Government estimates suggest that major export industries are looking for at least one million more workers, but the real number could be much higher.

According to the government, minimum wages, which averaged $58 US to $74 US a month in 2004, have climbed 25 per cent in the past three years in big cities like Shenzhen, Beijing and Shanghai.

But as wages increase, some companies are looking to move to lower-cost countries such as Vietnam and India.

One economist said these persistent shortages are the result of a shinking supply of uneducated workers as more and more young people are going to college to avoid working in factories. Last year, more than 14 million students enrolled in post-secondary education, up from 4.3 million in 1999.

Government policy is also contributing to the shortages. Last year, in an attempt to bridge the enormous gap between the urban rich and the rural poor, the government eliminated the agricultural tax and stepped up efforts to develop local economies in poor, inland provinces.

Instead of going to the coastal regions, where the majority of China’s factories are located, many young people are choosing to stay close to home and work on farms or take part in the growing local economies.

The country’s one-child policy is also contributing to the shortages, with fewer young people entering the workforce as the first generation born under the policy emerges from post-secondary education.

http://www.hrreporter.com/loginarea/members/viewing.asp?ArticleNo=4357

Ford’s Volvo Division to Start Manufacturing Cars in China

Monday, March 20, 2006

•Volvo Unveils New Hybrid Technology
BEIJING — Ford Motor Co.’s (F) Volvo Car Corp. said on Monday it would begin making cars in China this year, a step into the world’s third-largest car market that other upmarket automakers took years ago.

Chief Executive Fredrik Arp said Volvo would build its S40 sedan at a plant owned by Changan Ford, a Ford joint venture in the southwestern city of Chongqing.

While Volvo conceded it was late in entering a increasingly difficult market where profits margins were shrinking, the company was confident Chinese manufacturing operations would be profitable as early as next year.

Volvo said it could reach its Chinese manufacturing target of 10,000 cars a year in 2007, and was working with a number of Changan Ford’s local suppliers to meet the government’s local content requirements and the company’s quality standards.

“We are, after working with (Changan Ford) on this project for over a year, convinced that their factory, working together with our own experts, can produce the quality Volvo requires,” Arp told reporters.

“At 10,000 units we will be making money,” Alexander Klose, the head of Asia Pacific for Volvo told Reuters.

Bosch to Recruit 4,000 Staff in China

(SinoCast Via Thomson Dialog NewsEdge)BEIJING, Mar 17, 2006 (SinoCast via COMTEX) –from the current 14,000 to 18,000 in the following two years.

That means the company aims to recruit additional 4,000 employees in the 1.3 billion-population country by 2007, including at least 1,000 ones for Bosch Diesel Systems, 2,200 ones for Bosch Power Tools, and 600 for Bosch Rexroth.

Franz Fehrenbach, the chairman of the board of management of Bosch, said the company’s development in China will depend on the indigenous personnel with high-quality and strong enterprise.

Bosch has launched management training projects for graduate students early this year, aiming to cultivate manager teams for the company in the future.

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.

China Staff hiring: Passion is key!

(China Daily)

While the international hotel giants battle to expand their empires in China and mull over branding and marketing strategies, there is something critical they can never ignore – staff.

“Talents are given priority in Marriott, their potential, loyalty, interest and team spirit matters,” says J. Willard Marriott, the founder of US-based Marriott International. “Take good care of your associates and they will take good care of customers, who will then return.”

As one of the leading international hotel groups, Marriott began operations in China in 1989. Now, its local presence is represented by 26 hotels, and by 2008, the portfolio will grow to 35.

Marriott is not alone in its rapid growth. By 2008, Shangri-La Hotels and Resorts, Asia-Pacific’s leading luxury hotel group, will add 17 more to its local list which already numbers 19; UK-based InterContinental Hotel Group (IHG), a worldwide hotel group, has a portfolio of 51 hotels, and plans to develop 74 more by 2008. Ritz-Carlton Hotel Company, the world’s leading high-end hotel brand, plans to have nine projects by 2009.

The aggressive expansion can be attributed to the upcoming 2008 Beijing Olympics and the development of China’s economy.

“But how to attract and retain staff remains a pressing task,” says Michael Malik, general manager with Beijing Marriott Hotel West, considered one of the best hotels in the Marriott chain.

Generally, academic credentials, work experience and English skills are the basic requirements on hotel recruitment lists. However, for most hotels, there are two things even more important personality and potential.

“We hire people for their attitudes,” Malik says. “Passion is the key.”

The recruitment policy of Portman Ritz-Carlton Shanghai (PRC), which has been ranked as the best employer in Asia and China for three consecutive years by Hewitt Associates, is simple. “We only get highly-talented people,” says Ralph Grippo, vice-president area general manager.

The group has developed a quality selection process known across the world when recruiting staff, to test whether candidates fit its culture. “It really works and helps us find suitable staff,” says Grippo.

Usually, high-level management aside, most hotel employees are local. The sources are various, including graduates from hotel-related training schools, talents from other industries or hotels, and internal recommendation.

At PRC, people through recommendation from its own staff compose the major source, accounting for 50 per cent of its total workforce.

“It is an efficient way, as our staff know who would be the most appropriate for PRC, and we reward those who succeed in any matchmaking with 500 yuan (US$62),” says Grippo.

Germany-based Kempinski looks for graduates majoring in hotel management abroad, such as France and the UK. “They have better English skills and more knowledge about Western nations,” says Li Bo, deputy managing director with Kempinski Hotel Beijing.

However, some people’s wariness of working in the hospitality industry remains a stumbling block to recruitment.

“Some people don’t think highly of hospitality they believe they need to work longer and harder in hotels than in other jobs,” says Winnie N.G, director of human resources at IHG China.

As more hotel groups expand into China’s secondary cities, recruiting suitable employees in the smaller cities is not as easy as it is in Beijing and Shanghai, she adds.

Getting the right person is the first step, but it all proves futile in the end if hotels fail to treat them properly.

Employment turnover is a reflection of whether hotels have done a good job in retaining staff. In Beijing and Shanghai’s four and five-star hotels, the average turnover is above 30 per cent.

“PRC enjoys the lowest turnover of 17 per cent annually,” says Grippo.

Hotels use a number of methods to achieve a lower turnover.

For Malik, the main one is to engage with workers and seek their opinions.

Staff, except for those at management level, annually receive a questionnaire on how they feel about their benefits, managers and salary. A third party from the US then conducts all-round analysis and eventually presents a final report, indicating how employees rate the general managers and whether they are doing a good job.

“This is successful, and shows Marriott shares everything with associates and is proud to gain satisfaction from them,” says Malik.

Cheong Waimeng, director of human resources with Grand Hyatt Beijing, says: “We listen to workers’ opinions, making them feel they are part of the Hyatt family, instead of just being labour.”

For international hotel group giants, being a powerful brand helps a lot. “A brand is in itself advertising, and can attract people automatically,” says Malik.

“A strong employer brand encourages people to stay with us,” agrees Winnie N.G. IHG often conducts brand promotions in China’s major universities, gaining more access to potential candidates.

Training and appropriate rewards are also important tools to help people stay.

But training is not only time-consuming but also expensive. Grand Hyatt Beijing under Hyatt International Corporation annually invests 800,000-1 million yuan (US$97,561-121,951) in training. At Kempinski Beijing, training costs account for 2.5 per cent of revenue. PRC Shanghai puts 1 million yuan (US$121,951) into training every year. Staff at all levels in Marriott can get 40 hours of training.

Cross-department training is an especially powerful method for the international hotel groups. Thanks to their huge networks, staff can be transferred to different departments or hotels within the chain, which can help them to realize their full potential and creates opportunities for promotion.

At IHG, the Assessment Centre Programme aims to provide a talent pool of potential candidates for promotion. “This is a good way to retain,” says Winnie N.G.

As for rewards, different hotels have different ideas.

Those who get annual best-performance certificates at PRC can bring their families to have a free dinner in the hotel. Every three months, the best five staff over the period are also given cash bonuses.

At Kempinski, monthly and annually-rated best staff get the chance to study or travel abroad for free.

“To become the best hotel, we will stick to the principle of taking care of our associates, handed down by Marriot’s founder,” says Malik. “We know the hotel would be in great trouble if our associates such as chefs and cleaners cannot come to work.”

Market Size of China Recruiting Market 2002-2006

According to iResearch’s China Online Recruiting Research Report 2004, China recruiting market rose to 4.16 billion RMB in 2004 and is expected to reach 5.12 billion RMB in 2006.

Deutsche Bank names head of trade finance for China

LONDON, April 7 (Reuters) – Deutsche Bank has appointed Wang Tao as head of trade finance for China within its global transaction banking division, the German bank said on Friday.
Tao, who will be based in Shanghai, will look after local trade sales and the expansion of the bank’s products on offer in China.

Tao was most recently head of forfaiting for HSBC in China, where he was responsible for delivering both structured financing and forfaiting solutions within the Chinese market.

Forfaiting is a form of trade finance that allows an exporter to grant attractive credit terms to foreign buyers.

http://asia.news.yahoo.com/060407/3/2ip78.html