Business Week China

  Shanghai---a big cake for Head-hunting Companies

Shanghai , the business and finance center of China , attracts more and more foreign firms and multinational companies. Since the launch of the reform and opening policy, Shanghai has become the door of China open to the outside world. Especially after China 's entry into WTO, a large number of foreign banks, manufacturers and other companies have come here to seek fortune. By now, 1/4 of foreign companies in China are located in Shanghai . These newly set-up businesses need a significant quantity of local recruitment, particularly the senior executives. So there is a very big potential market for executive search companies in Shanghai . From the late 1990s, top global executive companies were flowing into Shanghai . “…This is really a market with great profit,” said Vivienne Sheng, the Senior Consultant of Search & Stáaffing International , an executive search consulting company headquartered in UK with rich experience in providing recruitment services in China over the past years, “On the one hand, the demand of such service is growing fast, including new-landing foreign companies and local companies as well; on the other hand, the macro economic environment is positive as we expected.” So as in the current market, that demand for senior talent exceeds the supply will exist for a long time, we can assure a prospected future in the executive search business in Shanghai .