Page 44 - 2018 Special Report on the State of Business in South China
P. 44
New Employment in 2017
Changes in Employment in 2017 As indicated above, few surveyed companies
increased efficiency through staff reduction
in 2017. According to this year’s finding, most
respondents had new hires in 2017. However, while
the number of respondents employing new hires
dropped by about 7% over the same period of last
year, the number of companies hiring over 500 new
employees also dropped slightly year-on-year. Based
on this year’s distribution of numbers hired and the
chamber’s current size of 2,300 members, we can
estimate that over the course of 2017 AmCham South
China companies hired approximately 537,000 new
employees in China.
Although a majority of respondents claimed
that their number of employees increased
either significantly or slightly from 2016, about 20%
of the respondents experienced decreases. The new
employment in 2017 and the changes of employment
might, therefore, suggest the Chinese economy is on a
course of recovery.
44
Changes in Employment in 2017 As indicated above, few surveyed companies
increased efficiency through staff reduction
in 2017. According to this year’s finding, most
respondents had new hires in 2017. However, while
the number of respondents employing new hires
dropped by about 7% over the same period of last
year, the number of companies hiring over 500 new
employees also dropped slightly year-on-year. Based
on this year’s distribution of numbers hired and the
chamber’s current size of 2,300 members, we can
estimate that over the course of 2017 AmCham South
China companies hired approximately 537,000 new
employees in China.
Although a majority of respondents claimed
that their number of employees increased
either significantly or slightly from 2016, about 20%
of the respondents experienced decreases. The new
employment in 2017 and the changes of employment
might, therefore, suggest the Chinese economy is on a
course of recovery.
44
