Main vectors in addressing the challenges on the labour market of bank employees in the PRC in the context of the global economy
Chzhan Venchzhi1
1 Российский университет дружбы народов
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Journal paper
Russian Journal of Labour Economics (РИНЦ, ВАК)
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Volume 5, Number 1 (January-March 2018)
Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=32759279
Cited: 1 by 26.03.2022
Abstract:
The article justifies the main measures for solving the problems on the labor market of Bank employees in the PRC. At the beginning of the article we identify the main problems, among which we mark out fast decrease in the number of bank employees, growing unemployment among bank employees, the lack of professional senior managers on the labor market, difficulties in finding jobs in banks for University graduates, increase in the outflow of specialists of the banking sector abroad, wages cuts in the banks, including for senior management. We reveal the causes of the current situation in banks in the PRC, namely, active computerization of banking activities, lack of educational programs in banking sector, consequences of economic crisis, etc.. The author suggests a number of measures for harmonization of the labor market of Bank employees, namely, professional retraining, development of state programs for support of talented young people in establishing their own small business, consideration by the bank management of the possibility of reduction of working hours for each employee in order to minimize the layoffs of bank employees, the optimization of the system of labor remuneration and social guarantees for bank employees, etc.
Keywords: labor market, china, banks, banking sector, labor migration, Bank employees, South and Southeast Asia countries
JEL-classification: G21, J21, J61
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