Post-festival period sees a job-hopping spree – China Daily

Two things are playing out in parallel: the is getting tighter but lots of people are quitting old jobs, especially after the Chinese New Year. From China Daily:

Some unfortunate bosses can expect to receive a hoard of resignation letters in the next few weeks following the Spring Festival holiday. Human resources experts have forecast a job-hopping spree. A man surnamed Ma who runs a foreign trade company in Shanghai said he found many seats in his office were empty on February 25, the first working day after the holiday.

A survey shows that 37.65 percent of white-collar workers plannned to start working for a new employer after the festival. The survey was conducted by ChinaHR.com, one of the country’s leading HR media outlets, which covers more than 700 white-collar businesses in 15 industries. …

Some companies, however, are taking steps to combat this problem. “The peak of job-hopping appears after the payment of the yearly bonus, so some companies especially those in sales, postpone the payment. Some even pay the bonus as late as April to prevent the collapse of the sales team,” said Simon Li, a HR manager of an international company. [Full Text]

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