Briefing: More China tech firms join top-employer list despite dwindling upside

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2019 年领英顶尖公司排行榜:中国职场人最向往的企业 – LinkedIn

What happened: Domestic tech firms made up 15 of LinkedIn China’s Top-25 Companies list in 2019, compiled based on feedback from the site’s 40 million users in China, an increase from the eight seen in 2018. Alibaba was again crowned as the most sought-after employer, with Baidu and Bytedance replacing Amazon and Apple for second and third place, respectively. Other tech companies that made it to the top include Nio, Didi, Huawei, and Meituan Dianping. New to the list this year include Tencent, JD, Didi, Ant Financial, Kwai, and Xiaohongshu.

Why it’s important: Chinese tech giants are increasingly popular employers, highlighting the country’s quickly evolving tech scene. The internet and technology industry, widely known in China for its high salaries, paid some of the highest bonuses with an average year-end additional compensation of RMB 8,801 (around $1,311) in 2017. In the past, tech companies attracted headlines by luring top talent with massive bonuses (in Chinese) equivalent to 50 or 100 months’ salary. However, this practice is history now as growth for China’s tech and startup companies is cooling compared with two or three years ago. Tech giants are now slashing employee bonuses and encouraging employees to adhere to the grueling “996” work week, shorthand for a workday schedule from 9 a.m. to 9 p.m., six days a week. A viral Github post about the phenomenon named e-commerce platforms JD and Youzan as two companies that embrace “996.”