Foreign institutions seize China's career-training market
(chinadaily.com.cn)
Updated: 2004-05-24 16:10

Sources from the First China Career Training Forum held May 20 indicated that foreign institutions are speeding up their efforts in seizing the domestic training market, which is surging at a year-on-year rate of 30-40 percent, with a business opportunity of 100 billion yuan (US$12 billion) per annum.

Compared to a yearly training cost of 5,000 yuan (US$600) for each employee at a foreign-capital corporation, only 1,060 yuan (US$120) was paid out in this field by State-owned enterprises, and 862 yuan (US$100) by private companies. It is believed that the low input in career training will exert an adverse effect on corporation benefits.

Statistics from Motorola show that the company's investment of US$1 billion in professional training per year can obtain a repayment of US$3 billion in profits.

Fortunately, domestic corporations are now paying more attention to career training. China's training market has expanded from 30 billion yuan (US$3.6 billion) in 2001 to 100 billion yuan this year, attracting many large foreign-training institutions, such as GM Healthcare, Siemens Management School and HP Business School, to seize shares.