Never a dull moment for Chinahr.com boss
By Sun Min (China Daily)
Updated: 2006-08-29 10:27
Monster, a leading global e-recruitment service provider, took a 40-per-cent
stake in Chinahr.com for US$50 million in April 2005. Its founder Jeff Taylor
said the investment was not simply based on the pursuit of profit, but long-term
industry growth building China's leading online recruitment service
provider.
Zhang's goal is to make Chinahr.com a leading international
recruitment website, with the biggest hits, client resources and revenue.
Chinahr.com currently receives an average of 15 million daily hits.
Zhang
explained that, in the development of Chinahr.com, although much has been learnt
from Monster's experiences, nothing has been copied.
The business model
for online recruitment in developed countries is different from that in China,
whose labour market is less mature.
Making Monster's model work well in
China requires a great deal of localization, explained Zhang.
And hiring
executives with a solid understanding of the local market helps a lot.
In
only two years, Zhang's team at Chinahr.com quickly expanded from only 200 to
more than 1,000, with turnover leaping more than eight times, from 30 million
yuan (US$3.75 million) two years ago to an envisaged figure of 250 million yuan
(US$31.25 million) in 2006.
"A promising business needs equally promising
people to run it. We build the best career platform for our staff," explained
Zhang, pointing to the great talents that many of his staff display in
technology, sales, marketing and human resources.
In addition, many of
Chinahr.com's executives are from famous Chinese firms such as Huawei, Lenovo
and NetEase.
They all find that they are working much harder than in
their old jobs, but their efforts are richly rewarded, said Zhang, noting that
Chinahr.com's salaries are twice those offered by China's other recruitment
websites.
(For more biz stories, please visit Industry Updates)
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