Archives April 2010

DBS to hire 20% more people for China business

By SIOW LI SEN

DBS Group Holdings will be hiring 20 per cent more people for its business in China which currently employs 1,000 staff.

‘Amid the significant wealth creation that rapid growth brings, this year, DBS China will ramp up its priority banking business, which caters to customers with at least RMB 400,000 in investible assets,’ the bank said Tuesday.

DBS has been expanding rapidly in China – Asia’s fastest growing economy for the last decade – and is competing fiercely with other foreign banks to increase its presence.

DBS forecasts that China’s economy will expand 9.5 per cent this year.

HSBC China said this month the company expects to add 19 new branches this year to its existing 99 outlets, according to a Reuters report.

DBS China currently operates out of eight branches and seven sub-branches across China, has applied to regulators to open more branches, the bank said.

‘DBS China also intends to add about 200 staff to its existing headcount of close to 1,000 employees this year,’ it said.

More than half of the recruits will be for client-facing roles in priority banking, with the rest slated for positions in institutional banking, treasury and markets as well as support units to keep pace with rapid business expansion, it said.

DBS Bank, Southeast Asia’s largest bank will commit over $1.5 million in the upcoming World Expo 2010 to raise its brand presence, it said.

Starting in June, the six-month World Expo which has drawn participation from 200 nations is expecting an estimated 70 million visitors.

ZTE to Send Back Chinese Staff to Hire Indian Employees

Telecom equipment provider ZTE is likely to send 250 Chinese employees back as it is obliged to recruit Indian employees in all of its operations in India over the next 3 years.

The move has taken place in the wake of the release of the Government’s directive, last month, which expects all the foreign telecom equipment companies in India to employ only Indian engineers.

At present, out of the total 2,300 staffers of ZTE in India, 15% are Chinese. The company has been planning to recruit another 1,000 engineers by March 2011.

The company’s unit in India contributes to over 10% its global revenues, which was reported to be $8.8 billion in fiscal 2009-10.

DK Ghosh, Chairman, ZTE Telecom India, “It is part of our localization policy and has nothing to do with the department of telecom (DoT) directive”.

Mr. Ghosh added that around 95% of ZTE’s manforce in India constitutes engineers. The move, as directed by the Government, will reduce its Chinese staff strength to merely 3%.

The Government’s directive, called DoT, was issued in March, asked for a strict adherence of the foreign operators to the new instructions.

Microsoft to Probe Conditions in China

By NICK WINGFIELD

Microsoft Corp. said it is investigating allegations of worker abuse at a factory in China that makes computer mice, cameras and other devices for the technology giant.

The move was prompted by a report published this week by a Pittsburgh-based human rights advocacy group, the National Labor Committee, which alleges a factory in Dongguan, China, operated by KYE Systems Corp. overworks young employees and houses them in harsh conditions.

Microsoft devices represent a significant portion of the products made at the factory, though KYE makes products for other companies there as well, according to the report.

“The factory was really run like a minimum security prison,” Charles Kernaghan, director of the National Labor Committee, said in an interview.

In a statement issued in Taiwan, where it has headquarters, KYE Systems said it has never hired workers under 16, and that its employees get one day off every seven, with extra hours in peak season but never more than 12 hours a day. It said that while its wages are low by U.S. standards, they are in accordance with Chinese regulations. “We regret that the NLC reported a one-sided story without offering us a chance to explain,” the statement said. The company’s Web site says it employs between 3,600 and 4,500 workers in China, depending on seasonal demand.

In a blog post on Thursday, Microsoft executive Brian Tobey said, as a result of the National Labor Committee’s report, the company has “a team of independent auditors en route to the facility to conduct a complete and thorough investigation.”

Mr. Tobey said Microsoft auditors inspect KYE facilities annually and haven’t detected violation of child labor laws for the past two years. He said worker overtime “has been significantly reduced” at the factory and that compensation is in line with labor standards for the area where the factory is located.

Mr. Tobey is corporate vice president of manufacturing and operations for the Microsoft unit that makes the Xbox videogame console, the Zune music player and other hardware.

The National Labor Committee report alleges KYE recruits employees many of whom are 16 and 17 years old to work 15-hour shifts six to seven days a week, paying them 65 cents an hour—or 52 cents an hour after deductions for food.

Workers are housed in cramped quarters in factory dormitories and prohibited from talking, listening to music or using the bathroom during work hours, the report says.

The report is another sign of growing scrutiny of the companies the technology industry widely relies on to make electronics products.

In February, Apple Inc. said an internal audit of its suppliers last year uncovered more than a dozen violations of the company’s labor policies, including several in which contractors hired underage workers. Apple began auditing worker conditions after reports of worker abuses at Chinese factories that made iPods.
—Ting-I Tsai contributed to this article.

Facebook steps up efforts to expand into China

After news last week that Facebook, the world’s largest social networking service (SNS), aims to enter the Chinese market, a domestic head-hunting company disclosed that Facebook has hired it to recruit the person to manage its business in China. This signals Facebook’s timetable to enter the Chinese market is drawing nearer.

According to the recruiter, Facebook wants to hire a general manager overseeing its Chinese operations and this person would be based in Beijing.

But according to the detailed description of the post, the company also wants this person to lead the SNS game lab team to make products for the western market, and the position may match the requirements for a person leading a research institute in the Chinese market.

Also, the head-hunting firm said that Facebook was hoping the person would be from its headquarters, but the firm does not want to exclude those who are interested in the post to apply.

According to last week’s information, Facebook may enter Chinese market as soon as in three months, and this latest recruitment announcement adds fuel to the possibility.

But according to local media reports, in order to enter the Chinese market now, Facebook may only just establish the research institute first. According to the requirements of the position, the products designed by the lab are mainly aimed for the western market, which means that Facebook will not launch products for the Chinese market for a while.

Nevertheless, an insider from the recruiting company said that if Facebook wants to enter the China market, it first needs to set up a management team and begin its relations with the Chinese government, which is only still in its preliminary stages.

CEO/GM Assistant(eo241)

Working Location:
Yancheng

Responsibilities:
– Provide accurate efficient administrative support to CEO/GM by handling various management issues.
– Plan, schedule, organize and coordinate meetings and conference calls attended by CEO/GM and prepare relevant materials.
– Maintain, organize and prioritize files, reports, documents and correspondence for CEO/GM.
– Answer and screen incoming telephone calls of CEO/GM promptly and efficiently.
– Arrange daily scheduling and travel of CEO/GM.
– Provide translation/interpretation services.
– Other tasks assigned by the CEO/GM.

Requirements:
– Excellent command of spoken and written English.
– Bachelor’s degree or above, oversea education experience preferred.
– 1-2 years of experience in assisting senior executives in plants is a plus.
– Hard-working, detail-oriented, highly organized, works well under pressure and ability to multi-task.
– Strong communication, cooperation and interpersonal skills.
– Proficient in MS Word, Excel, PowerPoint and Outlook.

* Please send us your complete resume (in Chinese and in English) to: ‘topjob_eo241@dacare.com'(Please replace “#” with “@”)
* In the email subject please include the position name and job #

BD Manager(mkt404)

Job Title: BD Manager
Report To: GM
Location: Shanghai
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.
Company Financial Systems provides mission-critical software and IT services to institutions in virtually every segment of the financial services industry. Company offers solutions for institutions specializing in: Wealth Management, Insurance, Institutional Asset Management, Alternative Investments, Trading and more.

Job Description:
1. The candidate will have responsibility for developing and executing Company Financial Systems’ GTM strategy for China.
2. The GTM strategy encompasses: Compiling market research and opportunity identification.
3. Working with business segments to prioritize opportunities, identify appropriate segment solutions, and build GTM plans for execution.
4. Identifying end-to-end solutions to meet with Chinese market requirements/demands – drive solution architecture discussions around International and Domestic products, and actively building a pipeline of acquisition and partner targets to supplement Company’s product and distribution capability

(1) Market Analysis, Opportunity Identification, and Prioritization

• Understand state of financial services markets: who are the participants and new entrants, what are the trends and drivers for IT solutions growth, what is the total market opportunity for IT solutions across financial segments
• Conduct market research to gain data and customer insights to uncover market opportunities
• Prioritize what Company business segments to engage for each market
• Work alongside business segments to qualify opportunities in a thorough market investigation: culminating in a go-to-market plan supporting market entry.
• Identify Company solution and what product gaps exist in the local market/customer requirements
• Determine service-level and delivery requirements that would be required to be successful in the market (i.e. does Company need to partner or can we build a capability on our own)
• Determine market entry strategy: direct sales, partner, acquisition, or a combination

(2) Go-To-Market Plans (International Products & Market Solutions)

• Co-develop and own go-to-market plans with business segments and domestic Company China product lines
• Plans will include all necessary business case data, including: market opportunity and sizing, product and resource commitments from both the business and international distribution segments, detailed cost and revenue assumptions, and a roll-out plan for execution
• Agree key roles and responsibilities of plan execution: training, marketing collateral and communication, sales, pre-sales, implementation, support, commercials, contracting
• Define success parameters
• Sign-off on plans with segments
• Ensure appropriate hand-off of go-to-market plans for execution

(3) Acquisition and Partner Strategy
• Understand the landscape of local solution providers and assess competitive strengths and weaknesses relative to Company segments
• Meet with vendors to assess opportunity for distribution of Company solutions and acquisition opportunities
• Build a pipeline of acquisition opportunities
• Work with business segments to understand acquisition strategy – product enhancement, distribution, or geographic expansion
Work with business segments to develop business cases to support acquisition rationale and go-to-market plans
Qualifications Requirements ?
1. Experience working in financial and/or software industry with exposure to the complexities of financial software product sales/implementation in regional territories
2. Ability to engage with senior level executives in strategic conversations relating to the development of growing & professionalizing their organizations
3. Ability to drive and own segment engagements – regular communication and reporting around progress and escalation where required
4. Strong communication skills, both verbal and written, will be critical to the success of the role
5. Cultural and language sensitivity – ability to ‘translate’ regional requirements to segment owners in the US/EMEA
6. Ability to work in a complex matrix organization across regional/functional/segment reporting lines
7. Fluent English speaker
8. Strong presentation skills
9. High energy level and positive disposition
10. Experience working with direct and indirect sales channels
11. Strong skills in use of MS word processing, presentation and spreadsheet software

* Please send us your complete resume (in Chinese and in English) to: ‘topjob_mkt404@dacare.com'(Please replace “#” with “@”)
* In the email subject please include the position name and job #

How to Get a Raise – 6 personality traits that will impress your boss and increase your salary

6 personality traits that will impress your boss and increase your salary
by Sara Eckel, PayScale.com

You work hard–meeting deadlines, delivering results, and showing up on time. But each year you’ve been getting a raise in the measly 2 percent range (if that). Meanwhile, certain coworkers stroll out of their review meetings with big smiles on their faces.

Why do some people get a fat, juicy slab of the pie while others are offered crumbs? Experts say that, of course, diligence and talent play their part, but if you really want to increase your salary, you’ll need these qualities:

1. An Owner’s Mentality

Many people go into their annual review with a list of reasons that they need more money. But Joel Rudy, vice president of operations for Photographic Solutions, a supplier of digital-camera cleaning products, says that such pleas don’t inspire employers to give raises. “I know that utilities have gone up,” he says. He is more impressed with people who apply those inflationary concerns to the business–as if it were their own. For example, he was recently impressed with an employee who found a less expensive phone plan for the company. “Now, that’s a raise-getter!” he says.

2. Forward-Thinking

While the people who get good raises definitely know how to highlight last year’s achievements, Laura Browne, a corporate trainer and the author of “Raise Rules for Women: How to Make More Money at Work,” says the highest earners don’t dwell on the past. “Forget about last year. Find out the key initiatives that your company or your president wants to achieve this year,” she says. For example, if the president said in the annual report that he wants to increase customer satisfaction by 15 percent, focus on that goal. “Your work needs to be connected with what the company cares about right now,” says Browne.

3. Visibility

If you stay cloistered in your cubicle, you’ll probably be disappointed when raises are announced–no matter how hard you work. “Quiet, shy, or otherwise invisible types are often left behind when it’s pay-raise time,” says Jane Goldner, PhD., president of The Goldner Group, an Atlanta-based consulting firm. To ensure that you and your hard work are seen, request projects that will get you in front of others–working with colleagues from other departments, giving presentations, or even contributing to the company newsletter. This will make it easier for your boss to plead your case to any necessary approvers. “If your boss is in the meeting and says, ‘I want to give a raise to Sally,’ it’s going to be hard if no one knows who Sally is. On the other hand, if you have been visibly helpful, they’ll say, ‘Oh Sally, She’s terrific!'” says Browne.

4. Charisma

Having great ideas and lofty goals is terrific. But if you want to see them executed, you also have to motivate others to rally around your initiatives. Executive coach Lisa Chenofsky Singer says these kind of interpersonal skills play a huge role when compensation is discussed. “Although someone may be competent from a technical-qualifications perspective, if their style doesn’t flow well with others or they’re not able to influence others, they tend to be the low-increased players,” she says.

5. Tough Skin

No boss will ever say, “I love to give raises to self-promoters.” So how do you draw attention to your achievements without looking like a braggart? Milan P. Yager, president and CEO of the National Association of Professional Employer Organizations, says that giving your boss a quarterly progress report and asking for feedback is a subtle way to get noticed. “It is a fine line, but if you can master the technique, it will pay rewards,” he says. And letting your supervisors know that you want criticism will show them that you have the confidence to handle any negative comments, which makes the evaluation process a lot less stressful for them.

6. Empathy for the Boss

The highest-earning employees understand that their job is to make their boss’s life easier. Think about the things that your boss doesn’t like doing–running meetings, tracking numbers–and ask if you can help by taking over those tasks. It’s also important to understand that your boss can’t always give you what you want, no matter how great your work is. “Most people get keyed up to ask for a raise and when they hear ‘no’ they respond really negatively,” says Browne. “If you instead say, ‘I understand, but when raises are unfrozen I would like to be the first in line,’ you’ll have a much better chance of getting the raise when they can give it.”

Senior Sourcing Engineer(eng210)

Job Title: Senior Sourcing Engineer
Report to: Operation Director
Location: Hangzhou

Company introduction:
Our client is the leading retailers of automotive parts, equipment and tools, has about 300 stores in different areas and good market share in Global Market; With the development in Global marketing, they are looking for talents to join them.

For this position, we are looking for candidates with rich experience in Import &Export commercial activities and familiar with the Chinese commercial regulations, transaction tax regimes, logistics and trading process.

Responsibilities:
1. Be fully responsible for the sourcing and development for the electrical and electronic goods in auto and consumer electrical equipments.
2. Be accountable for establishing and developing procurement relations and sourcing strategies to deliver a long term and sustainable competitive advantage.
3. Involve expanding the supplier network by identifying and initiating business with both current and new low cost, innovative China based suppliers.
4. At the same time maintaining the highest levels of product quality, cost effectiveness and customer service.
5. Supports Sourcing team in daily management of suppliers;
6. Review supply status with buyers and suppliers; Consolidate information for long-term demand forecasts sourcing plans;
7. Demonstrate expertise in Sourcing team processes and systems; Be responsible for supplier selection, bid evaluation; Maintains key supplier information;
8. Contribute to collect strategic information, market; intelligence with team; Interface with cross-functional teams and suppliers.
9. Lead and/or participate on sourcing project teams; execute the sourcing process for assigned areas.
10. Participate in sourcing data analysis, forecasting and planning.
11. Conduct complex negotiations successfully under aggressive time demands.
12. Provide market data to support supplier selection, qualification and on-going performance management.

Requirements:
1. Relevant tertiary education
2. Ability to effectively drive change in the workplace
3. A strong capability for gap analysis, planning and priority setting
4. Outcome focused and determined to succeed in an ever-changing environment.
5. Strong negotiator. Detail orientated
6. Highly skilled in written and verbal communication in English
7. Strong interpersonal / communication skills
8. Experience in electrical and electronic range of product are highly regarded
9. Bilingual in English and Chinese.

* Please send us your complete resume (in Chinese and in English) to: ‘topjob_eng210@dacare.com'(Please replace “#” with “@”)
* In the email subject please include the position name and job #

Bank of America Will Expand China Business, CEO Moynihan Says

Bank of America Corp. said it’ll expand its China business and hire more staff to tap growth in the world’s most populous nation, according to its chief executive officer Brian Moynihan.

“We are committed to our business here, not just the capital, more importantly the human capital,” Moynihan said during a press event today in Beijing.

Genpact to hire 6,500 in China by 2015

Genpact, the back-office services provider, on Tuesday said it plans to scale up its operations in China and increase its headcount by 6,500 in that market in the next five years.

“China and Japan are an important market for us. It contributes about 10 per cent to Genpacts overall revenue. We plan to take our headcount in China to 10,000 in the next five years,” Genpact CEO Pramod Bhasin told media.

Genpact, at present, has two centres in China which employs about 3,500 people.

The BPO firm today also inked a multi-year deal with Japan’s Hikari Tsushin to provide services to Hikari’s clients in Japan and China.

Genpact had signed the contract with Hello Communications, a 100 per cent subsidiary of Hikari Tsushin to provide customer service, finance and accounting, IT infrastructure support and back office processing to Hikari.

“The deal with Hikari will allow us to further expand our footprint in the Chinese and Japanese markets,” Bhasin said.

He added that the tenure of the deal could be 3-5 years, however, he declined to share details about the size of the deal.

Shigetaro Toyoda, CEO of Hello Communications said, “The integration of the sales and marketing skills of Hikari Tsushin and Genpact’s services will enable a faster time-to- market and lower operating costs.”