It seems that every year, after every Chinese New Year, many workers do not return to their employers. Why is this? Since many employers pay their bonuses and award merit increases right before the New Year, many employees, if not satisfied will simply quit. This places a huge burden on many manufacturing companies who are all competing for the same talent.
On my rides to our factory each morning, it’s amazing to see though hundreds of applicants outside the gates of one of the largest and well-known manufacturers in China (I will not release the name) waiting for the opportunity to fill out an application and hopefully become employed.
A recent article pointed out the seriousness of the situation which has stopped production lines, vendors unable to supply their goods, and all because there’s not enough talent. In a land of over 1 Billion people it’s not that there isn’t enough workers, the mindset is changing.
Many Chinese workers know they have choices and rather than staying at one employer for very long, they know they can move if the working conditions are better and the wages a bit higher elsewhere. Job markets which are abundant in China, are overwhelmed with people looking for their next opportunity so there are people out there…they are just selective. This puts the pressure on employers to offer better conditions, more social and recreational opportunities, and better pay to keep the talent they have and even then there’s no guarantee.
So, if you want a job, you may want to head to China!