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Service Firms Join Hands to Help Foreign Businesses
Thirty-two foreign service companies around the country signed an agreement in Shanghai on Monday to combine their agency services, in a bid to abolish the deregulated competition of prices.
The pact, which marked the 17th anniversary of Shanghai Foreign Service Co Ltd, will help China meet the international challenges when it enters the World Trade Organization.
The foreign service companies - where agents, on the whole, carry out personnel work - will scrap the old practice of commission for agents in an attempt to give opportunities to tap human resources more evenly countrywide.
The commission has become an obstacle that bonded the interaction between and among foreign service companies and led to the deregulated competition on prices.
To strengthen co-operation, the agreement will bring the competition in line with demand, and help combine the forces of the scattered companies to carry out more convenient services to foreign investors.
As the first and largest foreign service company founded in Shanghai, the company gets the biggest share in its local market.
Besides the agency service of human resources, the company will carry out more services, including information consultation and price indexing.
The company launched its new website yesterday to provide a free service to more than 4,000 multinationals from home and abroad, plus their 35,000 employees. More than 120 foreign investors, including Microsoft, Nokia and General Electric, have become its first customers.
Guided by the concept of "New Century, New Service," the company also attaches importance to the aims of the service.
The personal information of employees in joint ventures may also be provided. Employees can find out about their salary, welfare and the latest policy on personnel administration.
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