BUSINESS Shenzhen companies increase hiring


Shenzhen companies increase hiring


08:44, March 04, 2018



As workers travel back to big cities for work after the lunar New Year's holiday, companies in Shenzhen have crowded job fairs to get skilled workers and cope with growing orders and expanded productions.

During the past week, Shenzhen Talent Group Co., Ltd, a state-owned company, gathered 772 companies at a job fair, where 30,000 jobs were offered. The group said over 80 percent of companies at the fair increased hiring compared to the same period last year.

Polls at the fair showed that a third of the jobs are provided by manufacturing companies. Others are by computer, software, electronics, finance and internet businesses.

Auto-maker BYD, headquartered in Shenzhen, south China's Guangdong Province, said it prepares to increase hiring by 50 percent compared with the same period last year. Boosted by the release of new models, sales of BYD cars are expected to be robust this year, the company said.

At another job fair, Shenzhen Skyworth Air Conditioner Technology Co., Ltd, said it will hire 600 more people this year.

High-tech manufacturing industries with high added-value are developing quickly in Shenzhen, said Guo Shiping, director of the institute of modern finance in Shenzhen University.

Shenzhen's gross domestic product totaled 2.24 trillion yuan (about 357billion US dollars) last year, up 8.8 percent year on year.

The city scored 808.76 billion yuan in added value by industries of scale, up 9.3 percent from that in 2016 and a record high since 2014.

Also, the city saw growth of 13.1 percent, 12.7 percent, and 13.6 percent in advanced manufacturing, high-tech manufacturing, and emerging industries, respectively.

"The Shenzhen government has supported high-tech manufacturing by giving land, tax and talent incentives. Companies are benefitting greatly from these favors. We prepare to increase hiring by 20 percent this year," said Huang Bo, human resources manager of Inter Optoelectronics Co, Ltd, a touch-screen maker in Shenzhen.

The lunar Chinese New Year's Day fell on Feb. 16 this year.

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