Tag Archives: Talents

Shenzhen Considers its Talents

Shenzhen’s never-ending quest for modernity produces regular bouts of soul-searching, which are often reflected in commentaries published in official media. One of these, by an experienced writer, Fu Jingyi, which appeared recently in the Southern Metropolis Daily, focused on the city’s talent policy. It determined that the challenge of “optimizing” Shenzhen’s human resources was perhaps greater than many realized, and that creative solutions were called for. 

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Huawei goes to Jiangmen

Huawei Technologies is looking far and wide, high and low, for talent. As we have written recently about its Dongguan campus, which aims to attract PhDs from all over the world, the company is determined to become reliant on resources within the borders of its home country. Its latest step in this quest has led it to Jiangmen, the GBA municipality on the western side of the Bay.

The Jiangmen Vocational College signed an agreement with Huawei yesterday to “explore the integration of production and education”. What this means in plain terms is that they will jointly build the Huawei Institute of Information and Network Technology, otherwise known as the Huawei ICT Academy.

It’s only a RMB7 million investment, but it was enough to get the district mayor out for th signing ceremony, according to Nanfang Daily.

There is a lot of rhetoric in the press statement, so it’s hard to know exactly what is different about this collaborative agreement than a standard classroom or building sponsored by a tech giant. It seems that Huawei will basically have first access to any budding AI talent that emerges from the district. It’s all in the name of the GBA, needless to say.

Shenzhen throws cash at big brains

Shenzhen has been raising the bar in the region’s “talent wars”, with competition growing steadily among the 11 GBA cities. Subsidies in the form of housing and tax-equalisation measures have been getting rolled out aggressively lately. The city’s academic leadership must be feeling the pressure, however, because now Shenzhen has set its sights on a few people at the very top of the academic food chain, offering eye-watering incentives to retain its brightest minds.  

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Huawei offers RMB2m salaries for PhDs

Shenzhen-based Huawei Technologies has launched a worldwide campaign to lure high-caliber “talents” with an offer of a RMB2 million (US$290,000) annual salary, according to Chinese media The Paper. 

Huawei employees drew average annual pay of RMB1.1 million last year, but the average turnover rate of doctoral staff in the past five years has been more than one-fifth, public information shows.

Huawei’s chairman, Ren Zhengfei, also revealed in an internal document that 20-30 talented “youngsters” will be recruited from all over the world this year, and that number will gradually rise in future to stimulate the firm’s vitality.

Software leads the talent market

Zhaopin’s latest report shows software engineers are still in the highest demand for companies based in Shenzhen. Driving this is the need for artificial intelligence developers, followed by IT services, construction and engineering, materials, finance, and ecommerce. 

The most generous employers, however, come from the insurance industry, with salaries averaging RMB15,788 per month, followed by finance (RMB13,392) and management consulting (RMB11,856). Readmore in Chinese. 

Shenzhen housing prices seen scaring tech talents

Shenzhen has been a magnet for talent ever since Reform and Opening got under way here in 1979 – not only from across the country, but from overseas, too. This much is well known about the city on Hong Kong’s border, which expanded its population by more than half a million last year alone (to 13 million), making it the fastest-growing city in the country.

However, all is not as idyllic as the picture would lead us to believe. According to a new series of books about Shenzhen’s reform and innovation, published by China Social Sciences Press and Shenzhen Academy of Social Sciences, the city faces serious challenges in raising the skills level of its workforce, too. Foremost of these is the high cost of housing in China’s most expensive real-estate market.

Indeed, unless measures are taken, it would appear that the city is facing an imminent brain-drain. A recent survey shows that Shenzhen’s ratio of housing prices to disposable income is the highest in the world, and that more than three-fourths of skilled workers in the technology industry are considering leaving the city because of unaffordable housing. 

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Shenzhen offers 40% off for talent housing

Shenzhen is moving fast on its plans for luring “talents” to the city, defining more clearly who qualifies as one and offering them a sweet 40% discount on housing – for rental or purchase.

Here are the criteria for applicants who are already working for a company or who have started a business in Shenzhen:

  1. University degree holders, including overseas graduates.
  2. Those recognized by a municipal-level human resources department with a secondary or above-level national vocational qualification.
  3. High-end talents and talents “needed urgently”, identified by the city government.

Here are the types of accommodation available:

  • If you are single or living with your spouse: 35 sqm;
  • With three “nuclear family” members: 70 sqm;
  • With four or more “nuclear family” members: 90 sqm.

Rentals are for a maximum 10 years, and the discount lasts for only the first six years.

For those wanting to buy, it depends on their assessed income levels. And it is related to the number of years the purchaser has lived in Shenzhen.

Read more in Chinese.

Guangzhou to have 20m people by 2035

Think Guangzhou is big? Think again. The city government has released a draft urban masterplan that envisages building the provincial capital into an “international metropolis”, with a population of 20 million, by the end of the current GBA masterplan in 2035.

That would mean adding 5.1 million residents – presumably all “talents” – over the next 15 years. That is an average of 300,000 per year. It would be an easing of its current growth rate, though: Guangzhou added 566,367 residents last year. That was No. 2 in the country for population growth, behind Shenzhen.

To support this growth, the city plans to build two million new housing units, of which at least 8% will be social housing. How will all these people get to and from home and work? On a railway network that will be adding 2,000 km of tracks, four times its current length. Hi-speed lines will bring in visitors from cities further away, such as Shenzhen, Hong Kong, and Macau, while the Metro will be extended into neighboring cities as well. Moreover, a second airport is currently being planned in the area between Guangzhou and Dongguan.

Still think Hong Kong will be the GBA’s “dragon head”? Really?

Read more in Chinese.

Got 5G on your CV? Sign here, please

Moms and dads, forget sending your kids to medical or law school: demand is soaring for workers with skills necessary for the 5G industry.

Seriously, in a way that only a Chinese online-recruitment agency could imagine, data shows just how hot demand is for anyone with experience of 5G networking business. According to BOSS (full kudos for the name), demand for 5G talents in the first five months this year has already reached 60% of the demand seen in the whole of 2018, which is up 38.9% from the same period last year.

Shenzhen ranks second in job-placement for 5G talents, following Beijing.

Around 20 million jobs are expected to be created by China’s leap into the 5G future, which began last week with the rollout of commercial 5G applications via four major carriers. The China Academy of Information and Communication Technology estimates the 5G industry will contribute RMB3 trillion to the economy by 2030. But the going begins now, with the recruitment and training of anyone who can apply themselves to the challenge.

According to BOSS, the average monthly salary from January to May for 5G-related talents was RMB14,110. That is 15.7% more than the average salary and six percentage point higher than last year’s rise. In the past three years, all companies on the BOSS platform have increased their budgets for recruiting 5G talents. However, job-seekers were apparently a bit slow on the uptake, and their asking price was below what the companies were initially prepared to pay.

What exactly the 5G industry is, however, remains to be defined. At the moment, it is highly segmented. The network communication and equipment sector has the largest demand for talents, which is not surprising: there will be 200 million 5G terminals (not just handsets) built by 2022. Communication R&D engineers (43.5%) are most sought after, followed by telecom network engineers (19.9%). Demand for light-transmission engineers and wireless-radio frequency engineers have also increased 80%.

Read more in Chinese.

Zhongshan targets SARs

Zhongshan has joined the GBA talent wars, recently releasing a plan designed to keep up with its bigger neighbors and attract talented young people from Hong Kong and Macao. It will include – you guessed it – building an “innovation and entrepreneurship platform for young talents from Hong Kong and Macau”. The plan aims to establish an incubator by next year, presumably in temporary space while it constructs a dedicated Youth Innovation Entrepreneurship Park by 2025.

On offer will be the usual menu: subsidies for rent and startup businesses, apartments for the smartest, and other incentives. The city plans to build a well-rounded supply chain centered on these youth from the two SARs.

[Greaterbayinsight.com will be publishing a special introductory report on the lively, lovely city of Zhongshan, birthplace of modern China’s founding father, Sun Yat-sen, very soon. Keep an eye out for it.]

Read more in Chinese.