Hays Banking - January 2010
CHINA
Hotspots
Demand has escalated for sales experts within Global Markets, Financial Institutions and Corporate Banking. Following the seeming recovery of the world's and China's economies, the expansion speed of foreign banks in China has recovered. Employers therefore seek highly experienced candidates with superior interpersonal and communication skills. An understanding of the China market with its constantly changing rules and regulations is also essential.
With a shortage of such candidates, employers are actively training their staff. They are also prepared to recruit candidates with a relevant client base who can easily learn the bank's products. Candidates with potential are considered, so are retired bankers for consultant roles.
The coming quarter
Despite stringent budget constraints, companies intend to expand after Chinese New Year as they view China as an emerging market with potential. Recruitment will be ongoing however requirements will be strict and decisions will remain slow.
Executive recruitment
Some executive demand exists from smaller banks who are establishing a footprint in China.
Employer trends
Employers are slowly improving their recruiting timeframe in response to the rapidly increasing demand for frontline personnel.
Candidate trends
Since the fourth quarter of 2009, experienced candidates have been scarce in China. Their expectations are also higher as they seek stability and compensation for any risk, such as changing environments.
