BEIJING, October 19, 2015 /PRNewswire/ -- Zhaopin Limited (NYSE: ZPIN) ("Zhaopin" or the "Company"), a leading career platform in China, today announced winners of its "2015 Top 100 Employers in China" awards, with the award ceremony to be held in Beijing in December 2015.
The annual awards are based on a survey of more than 180,000 employees and job seekers across China, who are asked to nominate and vote for the nation's top employers based on a number of criteria that they regard as essential for any workplace. Jointly conducted by Zhaopin and Peking University's Corporate Social Responsibility and Employer Brand Communication Research Center in August and September 2015, this year's survey included 5,400 employers, a historical high and an 83% increase from last year. The 2015 survey, titled "Transitioning to the New Economy," drew attention to the sweeping changes that are taking place in China's job market as it shifts from an employer-oriented model to an employee-oriented one. The list of the 2015 "Top 100" winners is attached above.
This year's awards reflected the popularity of manufacturing, TMT, and financial companies among China's job seekers and employees, as well as the increasing role small and medium-sized enterprises (SMEs) are playing in today's economy. SMEs accounted for 80 percent of participating companies during the 2015 survey and slightly more than half of the Top 100 list.
Mr. Evan Guo, Chief Executive Officer and Director of Zhaopin, commented: "We are happy with the progress our Top 100 Employers in China awards have made over the past 10 years, having become what we believe is an important reference benchmark for employers, employees and job seekers. This annual award series for China's top 100 employers also reflects the monumental changes underway in China's job market. We believe that both giant state-owned enterprises (SOEs) and private enterprises, which mostly consist of SMEs, are increasingly aware that their ability to attract the best job seekers increasingly depends on their reputation for providing a positive workplace environment as companies shift from employer-oriented to employee-oriented human resource strategies."
"The strong showing of SMEs in the 2015 awards reflects in part the importance talent plays in their success and sustainability, and the way in which they are using a positive workplace environment as part of their competitive strategy to gain popularity among job seekers."
"As low-cost and low-end labor are increasingly replaced by robots and other automated processes, competition among China's employers will focus more on quality talent who can drive innovation and disruptive changes. This requires new approaches to recruitment and employee retention as part of their HR and corporate strategies. Job seekers are no longer satisfied with merely job security but are demanding more from their employers."
Mr. Guo added: "We believe the survey ratings this year also reflect the pressures created by the slowdown in China's macroeconomic growth and structural economic changes. A number of workers for large enterprises and multinationals we spoke to worry that the weak macro-environment is placing their year-end bonuses in jeopardy, and as a result expressed their intention to find a new job within these segments of the job market. This view particularly applies to the state-owned sector, which many job seekers feel will cut compensation and employee benefits. This makes our annual awards all the more important as it further underscores the need to appeal to job seekers in today's job market in order to attract the best talent."
About Zhaopin Limited
Zhaopin is a leading career platform in China, focusing on connecting users with relevant job opportunities throughout their career lifecycle. The Company's zhaopin.com website is the most popular career platform in China as measured by average daily unique visitors in each of the 12 months ended June 30, 2015, number of registered users as of June 30, 2015 and number of unique customers for the three months ended June 30, 2015. The Company's over 100.8 million registered users include diverse and educated job seekers who are at various stages of their careers and are in demand by employers as a result of the general shortage of skilled and educated workers in China. In the fiscal year ended June 30, 2015, approximately 25.6 million job postings1 were placed on Zhaopin's platform by 418,423 unique customers including multinational corporations, small and medium-sized enterprises and state-owned entities. The quality and quantity of Zhaopin's users and the resumes in the Company's database attract an increasing number of customers. This in turn leads to more users turning to Zhaopin as their primary recruitment and career- related services provider, creating strong network effects and significant entry barriers for potential competitors. For more information, please visit http://www.zhaopin.com.
1 Zhaopin calculates the number of job postings by counting the number of newly placed job postings during each respective period. Job postings that were placed prior to a specified period - even if available during such period - are not counted as job postings for such period. Any particular job posting placed on the Company's website may include more than one job opening or position. |
Safe Harbor Statements
This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Zhaopin may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Zhaopin's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: Zhaopin's goals and strategies; its future business development, financial condition and results of operations; its ability to retain and grow its user and customer base for its online career platform; the growth of, and trends in, the markets for its services in China; the demand for and market acceptance of its brand and services; competition in its industry in China; its ability to maintain the network infrastructure necessary to operate its website and mobile applications; relevant government policies and regulations relating to the corporate structure, business and industry; and its ability to protect its users' information and adequately address privacy concerns. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Zhaopin does not undertake any obligation to update such information, except as required under applicable law.
For more information, please contact:
Zhaopin Limited
Ms. Jessica Ye
Executive Vice President
ir@zhaopin.com.cn
Christensen
In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
E-mail: carnell@christensenir.com
In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com
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