Certification - August 2008 - (Page 22)

Job Competition Drives Certification China has a population of more than 1.3 billion, with the majority of knowledge workers concentrated in large metropolises and developed regions or cities along the coast. Due to geographic disparity in economic development, students from underdeveloped areas flock to large cities to seek jobs as a way to improve their lives. According to data released by China’s Ministry of Labor and Social Security, from 2006 to 2011, young people entering the workforce each year will reach 24 million. Meanwhile, new positions created and those made vacant by natural retirement will total 11 million — and this doesn’t even figure in a possible economic slowdown. According to a survey by the Chinese Social Academy, more than 90 percent of young graduates in China are frustrated with job hunting. Sixtynine percent of students are willing to accept “zero salary” to get their first job experience, despite the fact that this is against the law. the total reaching $2.28 billion. The testing market revenue will increase at a 10.7 percent compound annual growth rate through 2010, driven significantly by the strong demand on the vocation-related licensure and certification tests. Shortage of Qualified Talents In contrast to this oversupply of labor, industries Fierce competition in the Chinese job market provides huge commercial opportunities for the training and certification business. According to a report by IDC, titled “China Computer-based Testing 2006-2010 Forecast and Analysis,” 122.7 million candidates participated in certification exams in 2006, 8.9 percent more than in 2005. Spending on all kinds of tests grew by 13.8 percent, higher than the growth rate of test candidates, with China has a population of more than 1. billion, with the majority of knowledge workers concentrated in large metropolises and developed regions or cities along the coast. Due to geographic disparity in economic development, students from underdeveloped areas flock to large cities to seek jobs as a way to improve their lives. that demand skilled workers of a specific knowledge domain cannot find the talent they want. The Chinese economy is transforming primary and secondary industries into tertiary industries, and growth in tertiary industries has driven demand for a trained and qualified workforce. 22 CERTIFICATION MAGAZINE August 2008 http://english.gov.cn/2005-10/02/content_74185.htm http://english.gov.cn/2005-10/02/content_74185.htm http://english.gov.cn/2005-10/02/content_74185.htm http://www.idc.com/

Table of Contents Feed for the Digital Edition of Certification - August 2008

Certification - August 2008 Editor's Letter Contents Data Stream jVirtual Village Tech Careers Dear Techie Troubleshooting Academic Connection What We Like Look Ahead The China Boom United in IT: Tech Culture Breaks Down Barriers Abroad Interface Digital Home Technology Integrator: Specialized Skills for the Smart Home Inside Certification Ad Index Endtag

Certification - August 2008

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