BMW is China’s best employer of 2017, topping a survey dominated by home grown companies
Tencent is second best employer, while China Merchants Bank – one of the country’s most innovative financial firms – is number 3
BMW is the best employer in China, according to a survey of 24.3 million respondents undertaken by the country’s largest recruitment platform, taking the top notch among 10 ideal work places dominated by local companies.
The German maker of luxury vehicles was the sole foreign company to make it to the top 10 list, according to the survey conducted by Zhaopin.com and the Peking University. The survey canvassed employees, graduates, academics and human resources experts, asking them to vote for their best employers based on corporate culture, image, salaries, benefits and management.
“The dominance of Chinese employers on the top 10 list reflects the rise of domestic companies,” Zhaopin’s chief executive Evan Guo said in Hangzhou, after unveiling the findings of the survey.
But he said he hoped that the list could be a more balanced mix in the future, which will show that foreign companies are not just in China for the money, but are committed to strengthening best practice in the market.
Local Chinese companies are becoming more attractive to work for, as a growing economy and a vibrant environment for start-ups helped reverse the rush to join foreign firms and multinational corporations. In a survey last year, four non-Chinese companies made the top 10 list: BMW, IBM, Mercedes-Benz and Starbucks.
Many Chinese companies in the new economy have also borrowed the workplace culture, perks and toys from Silicon Valley, changing their previous staid image.
Tencent Holdings, Asia’s most valuable company and operator of China’s largest social media network, is the second best employer of 2017, according to the survey. China Merchants Bank, one of the country’s most innovative financial firms, took third spot. The rest of the list was filled up by property developer China Vanke, internet company NetEase, insurer PICC Property and Casualty, search engine Baidu, courier company SF Express and carmakers FAW Group and BAIC Motor.