New Poll: Are You Hiring in China?

Thursday, December 11, 2008 5:44
Posted in category Uncategorized

With so much information coming out right now, some of it conflicting, I wanted to try and gauge the pulse of a single item.

Staffing in China.

I have heard from no less than 10 firms in the last week that they are on a freeze, one firm has enacted a policy that their global CEO must approve every hire (including local interns), and another very large chemical firm is about to announce a 10% reduction in China.

So.. what is your story?  Is your firm holding back on decisions until the environment becomes more friendly?  Hearing rumors of layoffs?  Let us know

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5 Responses to “New Poll: Are You Hiring in China?”

  1. Chris Devonshire-Ellis says:

    December 11th, 2008 at 9:23 pm

    Rich we are hiring and have raised salary levels for all 250 staff at this year end in line with our usual annual policy. No cut backs. (Service industry)

  2. SR says:

    December 12th, 2008 at 1:47 am

    We are hiring more and currently accepting applications for our Business Analyst position. Most college seniors are telling us that other companies are virtually freezing hiring. Bad for the consumer economy but good for us in that we are getting access to candidates that we never would have had access to even 6 months ago. We are, however, not hiring as many new folks as we had thought about last summer. But yes, still hiring.

  3. Frank says:

    December 15th, 2008 at 7:18 pm

    Rich, We are on the other side of the fence and hire for others.

    Very quickly, huge numbers of multinationals are on full hiring and travel freeze, especially Americans MNCs. Some have a hiring freeze that applies only at HQ level, and they will still hire at the factory level. Some have a total freeze and will not even hire people as replacements for staff who resign.

    The industries that seem to be weathering the storm better include infrastructure, food and IT, although I am beginning to hear bad stories from IT as well now. The recruitment companies themselves are also letting people go and I have seen two small players go bankrupt already.

    Details on the firing methodologies involved here:

  4. Frank says:

    December 15th, 2008 at 7:23 pm

    Rich, If you’re wondering, no, we haven’t fired anyone, nor have we let anyone go. But we did have some exits and they were not replaced. We also moved to the same size office 10 floors up, in the same building, and got it for 33% less. There are some real bargains out there now and it probably would be wise to take advantage of them. This crisis looks like it’s going to get worse. Time to hunker down.


  5. Alwin says:

    January 7th, 2009 at 12:59 am

    Hi Rich, we’re still growing and hiring across all of our business lines (hardware, software, services). In the services business we’re hiring at all levels, including reasonably roles up to senior manager level in business, process and technology consulting (IBM). My view is that it’s OK to make some well focused hiring decisions on emerging businesses, so as to be a good position when the economy eventually does recover.