What Caused the Shortage of Labour: Examining the Recruitment and Selection in the Internet Financial Industry in China

Chapter
Part of the Advances in Theory and Practice of Emerging Markets book series (ATPEM)

Abstract

Since the recent rapid development of the Internet financial industry in China, the human resource management department has been required to provide strong support through recruiting and selecting suited employees based on industry development needs. The labour shortage in human resource management (HRM) may seem more severe than before, and some of the problems of recruitment and the selection process may have been exposed more than ever. However, researchers consider that this finding may have important implications for human resource recruitment theory and practice in the emerging industry. By summing up the interview results from 11 HR practitioners in the Internet financial company recruitment, this paper has examined the reality of the recruitment and selection in the Chinese Internet financial industry and analysed the reasons caused by this organisational phenomenon. Results reveal that there are four main factors which could affect the recruitment of the Internet financial industry, including the recruitment channel, staffing structure, management policies and industry background. It is suggested that the Internet financial industry should actively expand and diversify its recruitment channels, while continue paying close attention to the changes of relevant talent markets in order to obtain the required personnel.

Keywords

Recruitment Selection Internet finance Human resource management China 

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Copyright information

© Springer International Publishing AG, part of Springer Nature 2018

Authors and Affiliations

  1. 1.Neri & Hu Design and Research OfficeShanghaiChina
  2. 2.Centre for People and Organisation, Swansea University, Bay CampusSwanseaUK

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