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^3rd Quarter Newsletter 2019

SALARY OVERVIEW

Hong Kong - China - Singapore - Thailand 

China

China launches STAR stock market for tech companies

On July 22, 2019, a new stock exchange in Shanghai focusing on tech stocks was opened, as China’s version of the US NASDAQ index to incredible first day rises.

 

China's new Science and Technology Innovation Board (STAR) is aimed at helping China's high-tech companies to attract some of the huge wealth held by local investors, and to encourage China’s global tech leaders such as Alibaba and Tencent to come back home and away from the stock markets in Hong Kong and New York.

 

25 companies had their stocks listed on the opening day, and by close, their value had risen by an average of 140%. Anji Technology Co shares were the big winners of the day, with shares rising by 415.44 percent, while Xi'an-based Bright Laser Technologies Co saw a more modest share increase of 106.97%. China Railway Signal and Communication (Group) Corp had a market value of 139.8 billion yuan as of the close of the morning session, the highest among the STAR shares.

 

In addition to these first group of companies, the Shanghai exchange said it was reviewing applications from 116 other ventures for initial public share offerings. Government regulators have said that the Shanghai market will welcome innovative companies in six emerging industries of "strategic significance." They include next-generation Information Technology, Smart Manufacturing, Aerospace, New Materials, Renewable Energy, and Biotech.

 

These sectors are all key components of Beijing's Made in China 2025 initiative and the latest five-year plan, which aim to transform the country into a manufacturing superpower that dominates high-tech industries.

 

Source: Business Insider

Soft skills and flexible working are in demand

With the increasing changes in the modern workplace due to the rapid digitisation of work over the past ten years, and the people needed to manage these systems, businesses must find people who are able to adapt and thrive in this change.

 

Whatever industry or sector of business, more and more leaders are prioritising their talent needs, not just in academic and technical terms, but the need for skills such as communication, time management, and teamwork. These soft skills are becoming just as, if not more, important to the success of a business as technical qualifications. 

 

Businesses are no longer only concerned with getting things done, often sticking to rigid, antiquated processes, but instead are placing more emphasis on how tasks are completed; working more efficiently, creatively, collaboratively and with agility.

 

Earlier this year, LinkedIn released its 2019 Global Talent Trends report, an annual survey of hiring professionals aimed at enabling business leaders to shape their recruitment strategies.The report highlighted the importance of soft skills, including creativity, time management, collaboration, and adaptability, to the modern workplace as 92% agreed these skills were more valuable or just as important as hard skills. In China, this figure was even higher at 93%.

 

The challenge that most companies have though, is how to accurately measure or identify soft skills in their workplace, with only 41% of companies having a system in place to assess soft skills. Some of the respondents in the survey report that their companies are turning to AI solutions to enable them to identify these harder to measure qualities. Other key findings in the report where the increasing rise in flexible working, 72% of those surveyed agreeing that flexible working is playing a key role in attracting and retaining top talent, whilst also boosting productivity.

 

The rise in flexible working has become so widely accepted, with a 78% rise of jobs posted on LinkedIn mentioning flexibility in just the last 2 years, that companies who don’t offer this, are looked upon negatively by candidates.

 

In summary, businesses and their HR teams must work hard to attract and retain the best talent by building teams that are open, flexible and collaborative, as well as qualified, if they are to maintain their competitive edge.

 

Source: Wold Economic Forum

New Consultants

Top 5 Candidates

 

Managing Director/Interim CEO

Nationality: German/American

Based: China, Thailand, Hong Kong

Languages: Mandarin, Thai, English

Availability: One month's notice

 

Skills:

• More than 25 years of experience in Automotive, Metal/Electronic/Plastics       
  Manufacturing, Service, Sales, Retail, Consulting and Logistics industries

• Leading multi-site operations from 5 to 13,000 staff, with project and production revenue

  responsibilities exceeding 32m/1.7b EUR, respectively

• In SMEs, Fortune 500, JV and state-owned companies

• Internationally mobile and immediately available

 

For more information about this candidate, please contact Barry Kirkwood

General Manager/Operations Director

Nationality: Taiwanese          

Based: Shanghai

Languages: Native Mandarin

Availability: One month's notice

 

Skills:

A visionary, growth-focused and entrepreneurial-minded Senior Executive with distinguished career reflecting achievements in delivering ongoing and sustainable revenue, business/brand growth and EBITDA profit objectives. Specialised in:

• Transition Leadership & Gap Management

• Performance Improvement

• Turn Around & Restructuring

• Market Entry & Start-Up

 

For more information about this candidate, please contact Barry Kirkwood

Design Strategist & User Experience Lead

Nationality: Chinese                

Based: Shanghai

Languages: Native Mandarin and good English

Availability: One month's notice

 

Skills:

• A versatile and proactive Design Strategist & User Experience Lead with a design

  thinking mindset, international working experience and solid design experience

• UX Strategy, Design Thinking, Service, Design, Lean Prototyping, Digital Design, MVP 

  development

 

For more information about this candidate, please contact Barry Kirkwood

PR Director

Nationality: Chinese

Based: Shanghai

Languages: Native Mandarin and good English

Availability: One month's notice

 

Skills:

• 20 years of Marketing and Brand Management experience from international fashion

  brand and multinational companies

• Sophisticated communication skill with senior media and strategic thinking, with years of

  experience from the client side

• Maintaining an extensive network with celebrities/media/KOLs from China/HK and

  Taiwan

• Executed and planned over 200 events including store openings, fashion shows, VIP
  dinners, gala dinners, etc.

 

For more information about this candidate, please contact Claire Feng

Business Development/Marketing Director

Nationality: Chinese

Based: Shanghai

Languages: Native Mandarin and good English

Availability: One month's notice

 

Skills:

• Energetic and results-oriented Marketing Executive with 12 years of Marketing & 

  Communications experience

• 7 years' Business Development experience in B2B industries with MNCs

• Overseeing all facets of traditional/digital communication, including executive

  communication, media relations, PR, events, social media, and internal

  communication

 

For more information about this candidate, please contact Maria Cho

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