Despite the economic slowdown fast food giant McDonald's has announced that based on its good performance in China, the company plans to recruit 10,000 new employees in the country, of which, 80% will be college graduates.
Kenneth Chan, the newly appointed CEO of McDonald's China, told local media that talent is very important for the company's continuous development in the Chinese market and recruitment is related to McDonald's business expansion and the promotion of its 24-hour services.
Chan said China is one of the fastest growing markets for McDonald's and the company's comprehensive service models, including breakfast, 24-hour services, and dessert stations, in this market play important roles in adding income to the revenue of the restaurants. But it also means they need more employees to do this work. In fact, McDonald's already started to select quality talents in 2008 and entered several famous Chinese universities, including Peking University, to attract their graduates.
In addition to the recruitment plan, McDonald's launched a China leadership development plan for the first time to provide professional training to its talent management team and outlet expansion team to make preparation for its further expansion.
This is unbelievable! Regardless of the ecomonic crisis we are having worldwide, China still manages to hire 10,000 people! But it also states that 80% will be college graduates, which tells us that even the well educated are not getting any better jobs at the moment. it is just like a see saw, bad economy with a decrease in good jobs on one side, and people conforming with McDonald's employment on the other side. Not to say that working for McDonald's is a bad thing, I'm just saying that people are conforming with anything they can get right now.
McDonalds China is hiring 10,000 people. McDonalds is a good job in China where prices reflect reality. It's not like the U.S. where people overpay for no other reason than status.
Let’s face it, college grads working for McDonalds in China have a more secure future than College grads working for GM in the U.S. I'm willing to bet that college grads in China have a more secure future than college grads in the U.S. who have to overpay for a decent house, car, clothes, etc…!