The IT recruitment market was buoyant in the first half of 2015, with a majority of positions being new headcounts. The government introduced the ‘Internet Plus’ strategy to encourage the integration of internet technologies with manufacturing and business to drive economic growth. There was also an increasing number of local and foreign, technology-focused start-ups and these favourable conditions fuelled the demand for IT professionals.
As the Internet sector continued to mature, companies sought product and operations managers with expertise in user experience to develop better products and improve the workflow of the systems and platforms. There was also a high demand for software engineers with experience in android and iOS systems, as well as developers with PHP and Python knowledge to create mobile applications.
Internet finance was another growth area, with more commercial companies offering financial services and banks expanding their product offerings online. As more transactions and trading were done online, financial services firms saw the opportunity in developing and using big data. This drove the demand for data specialists who could perform quantitative analysis with the data collected. Internet security experts were also highly sought-after as organisations had to ensure sufficient protection of data and compliance with regulatory rules.
We anticipate these trends to continue throughout the rest of 2015, and the recruitment market will likely become more competitive. As areas such as Internet finance are relatively new, there is a limited supply of talent with the required skill sets and experience. Hiring managers would have to be flexible and focus more on the potential of the candidates instead of their background.
In this talent-short market, job movers will likely command salary increments of 20% and many start-ups often include stock options as part of the remuneration package. With a wide range of options available to them, high-calibre professionals are looking beyond monetary factors when deciding on their next career move. It is important for hiring managers to emphasize factors such as growth potential of the business and career progression opportunities in order to attract and retain top talent. In this talent-short market, job movers will likely command salary increments of 20% and many start-ups often include stock options as part of the remuneration package.
For the full report and latest salary information, please click to download the Robert Walters 2015 China Market Update - Information Technology.
For more information about IT recruitment, please contact:
Steve Shen, Manager
+86 21 5153 5869