A human resources manager (right) explains job requirements to a job seeker at the Golden Collar Job Fair held in Shenzhen at the end of last month. Mercer report indicated that the recruitment sector in China is showing signs of recovery.
There are measurable signs of improvement for the job market in China, according to a recent survey of companies.
The human resources firm Mercer polled 366 Chinese and multinational companies operating in the country representing nine industries, including high-tech, automotive and real estate sectors.
Although 17 percent of the companies reported downsizing their payrolls in the second quarter, that figure is 5 percent lower than in the previous quarter.
Energy and high-tech industries accounted for the highest layoff rates, while none of the pharmaceutical and medical device businesses reported layoffs.
The Mercer China survey also reported that more companies plan to recruit new employees in the third quarter compared to the previous one.
Slightly more than half (56 percent) of the companies reported plans to hire employees in the second quarter, and 63 percent reported they would hire new employees in the third quarter.
The highest level of new employee recruitment was in the high-tech industry, where most of the new openings were in sales/marketing, production/manufacturing and engineering/technical fields.