BEIJING, Aug. 11, 2017 /PRNewswire/ -- Zhaopin Limited (NYSE: ZPIN) ("Zhaopin" or the "Company"), a leading career platform1 in China focused on connecting users with relevant job opportunities throughout their career lifecycle, kicked off the nomination process for the annual "China's Best Employer Award" together with Peking University Social Survey Research Center.
Launched in 2005, "China's Best Employer Award" has become the most influential and prestigious brand nomination event for both China-based and multinational employers. The "Oscars" of the human resources industry in China, the award is both a valuable reference for job seekers, and an important way for local and international employers to measure themselves and their work environment against the best in the industry. Last year more than 9,700 candidate employers competed for the awards and over 28 million votes were casted by employees nationwide.
"Over the 13 years of hosting China's Best Employer Award, we have introduced 'employer brand' to China and identified and analyzed major trends in China's labor market," said Mr. Evan Guo, Chief Executive Officer and Director of Zhaopin. "With the emergence of new employment relationships in China, we defined the 'new employer economy' in 2015. The new employer economy has been evolving, driven by the Internet, cloud computing, Big Data and artificial intelligence. For this year's award, we will explore the new employer economy in the digital era."
China's Best Employer Award 2017 will include: China's Best Employer Nationwide TOP 100, China's Best Employer Nationwide TOP 30, China's Best Employer for University Students, China's Best Employer for Female Employees, China's Most Socially Responsible Employer, China's Most Aspiring Employers, China's Most Intellectually Spirited Employer, China's Best Employers in Cities, and China's Most Aspiring Employers in Cities.
UN Women will collaborate with Zhaopin on "China's Best Employer for Female Employees" this year. UN Women will integrate the Women's Empowerment Principles (WEPs) into the award selection criteria.
Employers, both China-based companies and multinational companies with China operations, can apply for the award by registration through best.zhaopin.com or ir@zhaopin.com.cn until August 31, 2017. China's Best Employer Nationwide TOP 100 award will be announced in September 2017. A grand ceremony will be held in December 2017 to announce award winners.
The award selection is based on professional and fair evaluation by the jury committee and public online voting by employees and job seekers. The jury committee consists of academic professionals, employment specialists, senior media reporters and third-party consultants. The professional evaluation will focus on employer image, management, salary and benefits, growth and training, work environment and company culture. A jury team of 1,000 HR professionals will review the nominations made by the public.
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 March 31, 2017, number of registered users as of March 31, 2017 and number of unique customer2s for the three months ended March 31, 2017. The Company's over 135.0 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, 2016, approximately 36.9 million job postings3 were placed on Zhaopin's platform by 509,813 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.
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.
| 1 Zhaopin's website is the most popular career platform in China as measured by average daily unique visitors in each of the 12 months ended March 31, 2017, the number of registered users as of March 31, 2017 and the number of unique customers for the three months ended March 31, 2017. |
| 2 A "unique customer" refers to a customer that purchases the Company's online recruitment services during a specified period. Zhaopin makes adjustments for multiple purchases by the same customer to avoid double counting. Each customer is assigned a unique identification number in the Company's information management system. Affiliates and branches of a given customer may, under certain circumstances, be counted as separate unique customers. |
| 3 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. |
For more information, please contact:
Zhaopin Limited
Ms. Daisy Wang
Investor Relations
ir@zhaopin.com.cn
ICR Beijing
Mr. Edmond Lococo
Phone: +86 10 6583-7510
Edmond.Lococo@icrinc.com
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