China's job market rebounds after pandemic

Talent flow in China is close to the level it was before the pandemic, thanks to booming small and medium-sized businesses, according to LinkedIn.

Currently, the talent flow of new jobs in China is 17 percent lower compared with a year ago. It has recovered from its toughest time in February, with a 47 percent plunge, according to LinkedIn, which has 50 million users in China.

The talent flow is close to normal level, with policies to support resumption of production and a demand for talent by China’s SMBs (small and medium-sized businesses). SMBs are more “vibrant” compared with large-scale enterprises as still 38 percent of SMB firms plan to expand headcount and open new jobs in 2020, the company said in its LinkedIn China SMB Talent Marketplace Insight Paper.

In China, there are about 30 million SMB firms which contribute 60 percent of GDP and 80 percent of jobs nationwide.

The LinkedIn paper is based on a survey rolled out over two weeks and distributed to HR professionals from 1,200 small and medium-sized enterprises in eight cities and regions across China, including Shanghai, Beijing, and Guangdong, Jiangsu and Zhejiang provinces.