Color Pallet R, G, B 0, 87, 199 222, 102, 0 250, 191, 30 209, 58, 33 63, 153, 63 125, 61, 186 112, 56, 35 Slide Bkgrd Colors Title bkgrd 73, 87, 103 Body

http://lamweb.lamrc.com/corpcomm/corp_marketing/Templates_Forms/standard_presentation.html

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Silicon Valley – Shanghai, ChinaExecutive Search/China Sourcing/China IPO

www.ChinaSCservices.com

China Job Market Overview

Bob Liu, C.P.M., CPIM


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99.999% vs. 0.001% - A dialog between two VPs

VP 1: I read an article saying China’s labor cost rises double digit every year, thus making China less competitive very soon in labor intensive industries.

VP 2: It depends. One of my customers is a $19B China based company, whose workers are making $100 a week. Even if salary increases by 25% year over year, how many years would it take to become less competitive?

Question: What does this mean for us here?

Source of picture: http://www.ecshome.com

© All rights Reserved


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Some Examples

Numbers are good - A Product Manager is making $60K @ a U.S. white goods manufacturer, Shanghai A Sr. Materials Manager was making >$100K @ a German based MNC in a Tier 3 city,

South China and paying Hong Kong tax A Director was making well over $140K at a China based Fortune Global 500

company in a Tier 3 city, North China A $78B pharmatheutical company offered a $130K package but couldn’t get anybody

in Shanghai for two sourcing manager positions for over a year

Numbers not as great – An MBA from a top US Business School took an offer of <$45,000 in Shanghai A former Deloitte consultant with an MBA from a top US B School landed a $40K job

in Shanghai A $60K site operations manager job in South China attracted multiple applicants who

were making well over $100K but lost their jobs during financial meltdown



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Estimates – Shanghai Annual Packages

$0

$50,000

$100,000

$150,000

$200,000

$250,000

Gen

eral

Mge

rRe

g Sa

les

Dir

Tech

Sal

es M

ger

Eng

Dire

ctor

Eng

Mge

rSr

. Pro

j Eng

inee

rPr

oj E

ngin

eer

Mfg

Dire

ctor

Mfg

Mge

rRe

g Q

ualit

y D

irO

ps D

irect

orPl

ant M

ger

Supp

ly C

hain

Mge

rPu

rch

Mge

r

Manufacturing/Industrial Sector

$-

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

Gen

eral

Mge

rVP

of S

ales

Sale

s Dire

ctor

Sale

s Mge

r

Prof

Serv

Dir

Post

Sale

s Dir

Pre

Sale

s D

irPr

oj D

ir/M

ger

Biz A

naly

stSy

s Arc

hite

ct

Mkt

/Pro

dt M

gtt

IT - Telecommunication Sector

Source: Hudson Salary Information – Asia, 2009. Note: This is not statistics. This is based on the market knowledge of Hudson experienced practice leaders.



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The Big Nose – Find out on your own



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The Exact Building – Define the job

Employers in China, especially China based major corporations, often don’t have clear JD and expectations

Define the job from both your and employer’s perspective, write down and fill the gaps

Don’t take the job before both parties are crystal clear on the expectations



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Silicon Valley – Shanghai, ChinaExecutive Search/China Sourcing/China IPO

www.ChinaSCservices.com



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Contact Us

US Office

143 Kerry Common, Fremont CA 94536

[email protected]

Tel: (510) 456 5568

China Office

800 Quyang Road, Room 1812

Shanghai, 200437, China

[email protected]

Tel: 136 5127 1450

Website: www.ChinaSCservices.com

Executive Search

China Sourcing

China IPO


Documents

Color Pallet R, G, B 0, 87, 199 222, 102, 0 250, 191, 30 209, 58, 33 63, 153, 63 125, 61, 186 112, 56, 35 Slide Bkgrd Colors Title bkgrd 73, 87, 103 Body