Zhaopin Holds "2015 Top 30 Employers in China" Awards Ceremony

BMW China, Tencent and China Merchants Bank Recognized as Best Employers

Dec 21, 2015, 06:42 ET from Zhaopin Limited

BEIJING, Dec. 21, 2015 /PRNewswire/ -- Zhaopin Limited (NYSE: ZPIN) ("Zhaopin" or the "Company"), a leading career platform in China focusing on connecting users with relevant job opportunities throughout their career lifecycle, today held its "2015 Top 30 Employers in China" Awards Ceremony in Sanya, Hainan Province, China.  

Apart from 'Top 30 Employers of the Year,' the award ceremony also featured awards including 'Best Employers for University Students,' 'Best Employers for Female Employees,' 'Socially Responsible Employers of the Year' and 'Employers with Highest Potential'.

The 2015 Awards are based on a survey of more than 180,000 employees and job seekers jointly conducted by Zhaopin and Peking University's Corporate Social Responsibility and Employer Brand Communication Research Center. The survey was conducted in 33 cities and covered a historical high 5,400 employers, an 83% increase from last year.

For the fifth year in a row, BMW China, Tencent and China Merchants Bank were among the Top 30 Employers, a benchmark of excellence. Other companies among the top 30 Employers of 2015 included IBM, Baidu, BAIC, Toyota, China Minsheng Bank, Suning and Shanghai Volkswagen.

In contrast to prior year's results, "respect to employees" was voted as the most important factor to assess best employers rather than monetary factors such as salaries and welfare. White-collar employees are seeking respectful and fair treatment from employers as well as a good work-life balance.

According to Zhaopin survey data, recruiting demand among SMEs shows much stronger momentum than large-sized companies. For SMEs, human resources has become the most important factor for their competitive advantage, which highlights the importance of building a good employer brand.

Mr. Evan Guo, Chief Executive Officer and Director of Zhaopin, commented: "This year's survey focused on the transition to the 'New Economy' and highlighted the sweeping changes that are taking place in China's job market as it shifts from an employer-oriented model to an employee-oriented one."

"The winners are recognized for their willingness and ability to provide attractive career opportunities and a positive working environment for employees who are increasingly looking for more respect than just financial compensation and job security. Employer reputation is quickly becoming a key differentiating factor in attracting and retaining high quality talent that companies need in order to drive innovation and disruptive changes."

"Based on the data collected and the key findings, Zhaopin can help employers and employees deepen their communication and provide better solutions to meet the needs of both employers and employees. We believe our Best Employers in China awards have become an important reference benchmark for employers, employees and job seekers to thrive in the 'New Economy'."

The list of the 2015 final winners for "Zhaopin's Best Employers in China awards" is attached at the bottom of this press release.

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 September 30, 2015, number of registered users as of September 30, 2015 and number of unique customers for the three months ended September 30, 2015. The Company's over 104.8 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, 2015, approximately 25.6 million job postings1 were placed on Zhaopin's platform by 418,423 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.

1 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:

Zhaopin Limited Ms. Jessica Ye Executive Vice President ir@zhaopin.com.cn

Christensen In China Mr. Christian Arnell Phone: +86-10- 5900-1548 E-mail: carnell@christensenir.com

In US Ms. Linda Bergkamp Phone: +1-480-614-3004 Email: lbergkamp@ChristensenIR.com

Photo - http://photos.prnewswire.com/prnh/20151221/317468

SOURCE Zhaopin Limited