Returned students inquire about local labor market
8/10/2003 16:12
A growing number of domestic people with overseas working or studying
experience are opting to hunt for jobs in Shanghai, with 12 percent of nearly
500 such people inquiring about the local labor market during the National Day
holiday, up five percentage points from the previous month, the Jiefang Daily
reported today.
According to a survey by CBP Career Consultants Co Ltd of 500
people with overseas experience, 60 percent of them are willing to cut their
monthly salary requirement by 1,000 yuan (US$120), 13 percent are ready to cut
salaries by more than 2,000 yuan, and eight percent will not regard salaries as
important guidelines to work in the city.
The survey indicated that those
willing to cut their required salaries to work in Shanghai this month increased
by 27 percent from a month before.
A growing number of returned students
joining local labor competition and job supplies outpacing market demand have
pushed those returned students to cut their income expectations, said a survey
analyst.
According to the survey, 30 percent of respondents haven't found
jobs yet for three months, with 15 percent unemployed for five
months.
Returned students are expected to further cut their salary
expectations by the end of this month or early next month, with 20 percent of
those hunting for jobs in the city predicted not to find jobs within five
months, the analyst said.
Some 7,000 returned students failed to find jobs
in Shanghai last year.
Some returned students previously asked for higher
salaries when hunting for jobs in Shanghai in a bid to reclaim investment as
soon as possible, but the fierce market competition has broken their dreams and
pushed them to lower threshold for income, the analyst
added.
Wendy Zhang/Shanghai Daily news
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