ABB once again recognized for its people-centric business concepts
Beijing, August 7, 2009 –ABB, the leading power and automation technology group, has been ranked among the top 10 Employers in the Energy, Electric and Chemical Industries by the China University Student Best Employer Survey conducted at the end of this July. According to the results of the survey, administered by ChinaHR.com, a leading recruitment portal, ABB China is one of the most popular employers among Chinese university students.
Launched by ChinaHR.com in 2002, the “China University Student Best Employer Survey” has been held seven consecutive years. The Employment Guidance Center of Tsing-Hua University was a partner for this year’s event. The survey covered the entire country, including Hong Kong, Macao and Taiwan, with 210, 000 students from 629 universities voting for over 3,800 local and foreign enterprises nationwide, representing all industry sectors. ABB has been touted as a top employer in a number of national surveys in recent years. In 2003, the company was rated among the top 10 “Super Employers – the Best Companies to Work for in China” in a survey co-sponsored by Fortune Magazine, and sohu.com. ABB was also ranked as the most popular employer by university students in 2005 during a survey conducted by 51.com, a leading recruitment portal.
Vice President of ABB North Asia and China Isabelle Liu said, “we are delighted to once again be ranked as a top 10 Employer, signifying the recognition by China’s university students of our corporate culture and long-term development strategy. As an impetus for our growth, we have always adopted a people-oriented approach dedicated to the advancement of local staff. We are committed to attracting top talent so as to lay a solid foundation for the sustainable development of our company.”
In China, talent development is a key part of ABB’s localization strategy and 99% of its employees are local Chinese. In order to promote the growth of every employee, the company provides abundant career opportunities with enough room for personal development backed by an integrated training program. The company aims to provide every employee with 40 hours of training programs per year, ranging from technology, business, and management skills to workplace safety and foreign languages. In addition, ABB offers a complete range of compensation, benefits and incentives. Furthermore, the company has shown its people-oriented concepts through organizing activities such as Sports Meeting, ABB Family Day and New Year’s Party annually.
With its fast development in China and the successful execution of its localization strategy, ABB attracts a growing number of leading talents. The company has increased the number of local employees from 354 in 1992 to over 15,000, making ABB China number one within the Group in terms of staff size. China has become an important talent base for ABB, providing strong support for the company’s global business development and innovation.
ABB also places special emphasis on supporting education. Since 2005, ABB has donated RMB 1 million annually to the ABB-New Great Wall Foundation to finance and support underprivileged university students. To date, over 2,000 college students in 37 universities have benefited from the program. ABB also provided financial support to impoverished students from the earthquake-stricken area in Sichuan to finish their education and has financed the construction of two new schools in the province. And as part of its desire to shore up the lack of highly skilled workers, ABB promotes the cultivation of skilled technicians by integrating technical education with filed practice.
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 120,000 people. ABB has a full range of business activities in China, including R&D, manufacturing, sales and services, with 15,000 employees, 27 joint ventures and wholly owned companies, and an extensive sales and service network across 60 cities.