BEIJING, Sept. 21, 2016 /PRNewswire/ -- Zhaopin Limited (NYSE: ZPIN) ("Zhaopin" or the "Company"), a leading career platform in China focused on connecting users with relevant job opportunities throughout their career lifecycles, announced winners of the "Top 100 China Best Employer Award" for 2016.
Among this year's Top 100 employers, 26 companies were from the manufacturing sector, including Audi China, BMW China, BAIC Group and Toyota. Companies in the IT/telecom/electronics/internet sector made significant progress this year, with 24 companies on the list, including Alibaba, Baidu, Didi Chuxing and JD.com. The trade/wholesale/retail/leasing sector had 18 companies edging into the Top 100 list.
"The criteria for best employers have changed fundamentally in China over the past decade," said Mr. Evan Guo, Chief Executive Officer and Director of Zhaopin. "Just five years ago, salary and welfare were the most important measures for best employers in China. However, as the number of employees born after the '80s and '90s has increased, equality and respect are becoming essential factors when they evaluate employers.
"The old management style and organization structure have been challenged by post '80s and '90s employees," he added. "This year we identified a noteworthy trend in our survey -- the rise of workplace communities among the best employers in China. We believe that such workplace communities will play a vital role in motivating employees and driving organizational success."
According to Guo, the three key characteristics for workplace communities comprise:
- Shared values -- all members possess the same values and goals and enjoy a strong sense of belonging;
- Partnership -- all members are equal partners who share resources and support each other; and
- Empowerment -- a flat structure to enable employees to reach their potential and exercise their creativity.
The award, now in its 11th consecutive year, has become a valuable reference for job seekers in China. This year's Top 100 list was selected from more than 9,700 companies, a record for the award. More than four million employees and college students in 34 cities voted online this year. The award is jointly issued by Zhaopin and Peking University's Institute of Social Science Survey. The Top 100 list is selected based on four scores, including online voting, candidates' qualifications, experts' evaluation and HR jury voting.
About Zhaopin Limited
Zhaopin is a leading career platform in China, focusing on connecting users with relevant job opportunities throughout their career lifecycle. The Company's zhaopin.com website is the most popular career platform in China as measured by average daily unique visitors in each of the 12 months ended June 30, 2016, number of registered users as of June 30, 2016 and number of unique customers for the three months ended June 30, 2016. The Company's over 120.0 million registered users include diverse and educated job seekers who are at various stages of their careers and are in demand by employers as a result of the general shortage of skilled and educated workers in China. In the fiscal year ended June 30, 2016, approximately 36.9 million job postings were placed on Zhaopin's platform by 509,813 unique customers including multinational corporations, small and medium-sized enterprises and state-owned entities. The quality and quantity of Zhaopin's users and the resumes in the Company's database attract an increasing number of customers. This in turn leads to more users turning to Zhaopin as their primary recruitment and career- related services provider, creating strong network effects and significant entry barriers for potential competitors. For more information, please visit http://www.zhaopin.com.
Zhaopin calculates the number of job postings by counting the number of newly placed job postings during each respective period. Job postings that were placed prior to a specified period - even if available during such period - are not counted as job postings for such period. Any particular job posting placed on the Company's website may include more than one job opening or position.
Safe Harbor Statements
This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Zhaopin may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Zhaopin's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: Zhaopin's goals and strategies; its future business development, financial condition and results of operations; its ability to retain and grow its user and customer base for its online career platform; the growth of, and trends in, the markets for its services in China; the demand for and market acceptance of its brand and services; competition in its industry in China; its ability to maintain the network infrastructure necessary to operate its website and mobile applications; relevant government policies and regulations relating to the corporate structure, business and industry; and its ability to protect its users' information and adequately address privacy concerns. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Zhaopin does not undertake any obligation to update such information, except as required under applicable law.
For more information, please contact:
Ms. Daisy Wang
Mr. Edmond Lococo
Phone: +86 10 6583-7510
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SOURCE Zhaopin Limited