Record Chinese youth flock to civil services on prospect of job security

Quick Summary:

Most civil service openings have an age limit of 35 and offer subsidised housing and social insurance, a major attraction for graduates disillusioned by the paucity of private sector job opportunities.

Applicant numbers, which surged by over 400,000 from last year and have tripled since 2014, reflect the huge demand for stability from disillusioned Gen Z Chinese and the lack of attractive options in the private sector even though local governments are struggling to pay wages due to a fiscal crisis.

In Shandong, civil servants complained on social media in September about being paid only one month per quarter, part of a policy called "guarantee four (months' salary), strive for six".

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Article Details

Category: BusinessFinance

Markets: IndiaChinaSingapore

Topics: China civil services China unemployment China job market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-30 @ 23:43:34 (5 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 966 words

Reading Time: 6 minutes read

Sentences: 30 lines

Sentence Length: 33 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24746350

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