China Blockchain Talent Recruitment Report

Author: Li Xin

Source: Zero One Finance

On October 24, 2019, the Political Bureau of the Central Committee of the Communist Party of China conducted the eighteenth collective study on the current status and trends of the development of blockchain technology, and affirmed the importance of blockchain technology in economic development and industrial innovation. On November 21, the Yangtze River Delta Financial Technology Co., Ltd., a subsidiary of the central bank, currently released job postings, such as technical director of blockchain, blockchain architect, and blockchain R & D engineer.

Recruitment information shows that the salary of the blockchain technical director is 50,000-80,000 yuan, but it must meet the hard conditions such as a master's degree or above and more than 5 years of work experience. In addition to its affiliates, the Digital Currency Research Institute of the Central Bank as early as October 10, 2020, openly recruited six talents with a master's degree in computer science, cryptography, and statistics.

Talents help the rapid development of the blockchain, and industry norms are gradually being established, such as the implementation of the "Regulations on the Management of Blockchain Information Services" in February 2019. Implemented into specific products and services, the National Internet Information Office released the first and second batches of domestic blockchain information service filings in March and October, respectively, at 197 and 309, respectively.

As the development of the blockchain industry becomes more rational, the market's demand for blockchain professionals is also becoming clearer. Nuoyi think tank has collected incomplete statistics on the recruitment data of third parties such as Carefree, Hunting and Employment from October 1 to 31, and about 1,400 companies released more than 5,000 blockchain talent recruitment information. In addition, there are more than 1,000 recruitment data for the four companies in the blockchain category from June to October 2019 in the recruitment data of Zero One Think Tank Fintech. (Note: This data is only used in section one (a)).

Based on the above sample data, this report analyzes the blockchain talent recruitment situation from the perspective of the region's demand for blockchain talent, salary, job distribution, personnel skills requirements, and recruitment status of key companies. The conclusions of this report are based on sample data, or there may be discrepancies with actual conditions.

I. Blockchain recruitment time and events

The launch of the Blockchain Learning Conference on October 24. Will the companies involved in the blockchain business or transition to join the blockchain industry increase or expand their business scope through recruitment? The companies involved in the blockchain are diversified. According to software and hardware, they can be divided into mining machine production and solutions.

In the series of reports on fintech talent recruitment, Zero One think tank selected and collected data on the recruitment of third-party websites from Bitmain, BitWei, Canaan Yunzhi, and Core Motion Technology from June to October for 5 full months. . This report will analyze one by one through the above two sets of data.

(I) Recruitment around October 24: the number of people doubled, and salaries fell by 20%

Does the blockchain learning conference on October 24 affect the industry's recruitment situation?

According to the date, this report divides from October 1 to 23 (hereinafter referred to as the "early period") and October 24 to 31 (hereinafter referred to as the "later period"). If you ignore the October long vacation, the time span of the early recruitment is twice that of the later period, but the number of recruits in the early period is less than half.

According to incomplete statistics, the number of jobs offered in the early and late stages was 1,207 and 1949, respectively. Compared with the previous stage (26,200 yuan / month), the salary in the later stage (21,100 yuan / month) decreased by 19.64%.

Table 1: Sample enterprise size distribution (unit: person, thousand yuan / month)

Source: Third-party recruitment website, ZeroOne Think Tank

Among them, the recruitment of product managers has doubled, but the average salary has dropped from 36,200 yuan / month in the previous period to 24,900 yuan / month in the later period, the largest decline among all positions, with a range of 31.01%.

Table 2: Sample enterprise size distribution (unit: person, thousand yuan / month)

640

Source: Third-party recruitment website, ZeroOne Think Tank

Note: The table is arranged in ascending order of salary changes.

The number of employees and salary changes for multiple positions including development, risk control, and operation are the same as for product managers. But while legal and administrative positions have increased in recruitment, their salaries have also increased. It should be noted that the data sample of legal affairs is small, and the average salary reached 41,300 yuan / month in the later period.

If divided by region, the first three provinces and cities with the largest recruitment in the blockchain industry were Guangdong (593), Beijing (422) and Shanghai (336) in the early stage; Guangdong (1584), Shanghai (941) and Beijing (579). The average salary of the three provinces and municipalities before and after is ranked in the order of Beijing, Shanghai, and Shenzhen.

Divided by company size, companies with a size of 50-149 people have the largest recruitment needs. The number of employees in the early and late stages is 680 and 2017 respectively. The average salary in the early and late stages is 19,700 yuan / month, and 18,800 yuan / month.

(II) Fintech talents Blockchain mining machine companies June to October: both headcount and salary have fallen

According to the fintech talent recruitment data of Zero One Think Tank, block chains of 5 complete months from June to October 2019 were selected (Note: This data selects Bitmain, Bitmicro, Canaan Yunzhi and Core Motion Technology, etc. 4 companies' third-party website recruitment data) data, after cleaning, retain 1255 valid data.

According to incomplete statistics, from June to October, the number of recruiters and salaries showed a downward trend. The number of recruiters decreased from 317 in June to 199 in October, and the recruitment salary decreased from 19 million yuan / month in June to October. 14400 yuan / month.

Figure 1: Incomplete statistics on blockchain data for fintech talent recruitment from June to October

Source: Third-party recruitment website, ZeroOne Think Tank

Note: This is the blockchain data for fintech talent recruitment, which is not related to the data in other chapters of the report

According to the sample data, from July to October, the number of single-family recruiters of Core Motion Technology far exceeded the total number of the remaining three. After Bitland planned to recruit 166 in June, demand fell all the way and provided 24 employment opportunities in October (see chart) 2). In the five-month statistics, the number of recruitment of Jianan Yunzhi is the smallest every month.

This can be verified by the proposed recruitment and actual recruitment data. Taking Jianan Yunzhi (Note: Jianan Technology (CAN.O) was listed on the NYSE on November 21) as an example, according to its prospectus, as of 2019 On June 30 and September 30, the company's number of employees was 286 and 297, with an actual increase of 11 people, and the recruitment conversion rate (Note: conversion rate = actual increase in number of employees / planned number of employees) 50%.

Incomplete statistics on the salaries of the above four companies, Bitmain maintains a large advantage. The average salary is in the range of 20,900 yuan / month to 33,900 yuan / month, and the wages of the other three companies are between Pak Chung, distributed at 11,100. RMB / month to RMB 17,900 / month.

Figure 2: Incomplete recruitment statistics for the four blockchain companies from June to October

Source: Third-party recruitment website, ZeroOne Think Tank

Note: This is the blockchain data for fintech talent recruitment, which is not related to the data in other chapters of the report

Characteristics of Blockchain Talent Recruitment Demand

The sample data shows that more than half of the companies involved in the blockchain business are small and micro. Among them, Guangdong companies have the largest demand for talents, accounting for more than 30% of the total, and Beijing has the highest wages, which can reach 32,600 yuan / month. ( Note: This report collected 5,338 recruitment data through third-party websites. After cleaning, 4,661 valid data were retained.)

On the talent side, the total number of recruits is 7020, with an average salary of 22,700 yuan / month. Among them, the development and sales positions have more than 1,000 employees, 2576 and 1891 respectively; the top three with the highest average wages are legal affairs, product managers and development, with amounts of 33,400 yuan / month and 28,700 yuan / Month and 27 thousand yuan / month.

(I) Features of blockchain recruitment companies: The scale of blockchain companies is mainly 50-149 people

Among companies with recruitment requirements, the scale is basically small, accounting for 40.06%; micro, large, and medium are the second largest; giants have the lowest ratio, and the number of jobs is 139. Note: The size of the sample enterprises is set according to the number of people, such as 1-49 (micro), 50-149 (small), 150-499 (medium), 500-4999 (large), 5000 and above (mega).

According to incomplete statistics, the business scope of the sample companies is relatively wide, including information software, business consulting, finance, game media, biomedicine, transportation logistics, real estate, energy, etc .; and has not been established for a long time, such as more small and micro companies. From the second half of 2018 to the first half of 2019.

Figure 3: Size distribution of sample companies (unit: person)

Source: Third-party recruitment website, ZeroOne Think Tank

It is worth mentioning that there are many listed companies in large and large companies. According to incomplete statistics, there are 28 related listed companies, such as Alibaba (BABA.N) and Tencent (00700.HK, including WeBank) And Yuanguang Software (002063.SZ) intends to recruit a large number of talents, and mainly developers.

Recruitment information shows that Ali needs more experienced talents (8 years and above), and Tencent and Yuanguang Software need talents with 3 years or more work experience.

(2) Regional Characteristics of Blockchain Recruitment: Beijing has the highest salary and Guangdong has the largest number of recruits

In the sample data, Beijing, Fujian, Hainan, Shanghai and Zhejiang had the highest wages, which were 32,600 yuan / month, 30,100 yuan / month, 23,600 yuan / month, 22,900 yuan / month, and 22,500 yuan / month. Guangdong has the largest number of recruits, with 2,203, accounting for nearly 40% of the total, while Shanghai and Beijing account for 18.15% and 14.23%, respectively. Guangdong area needs a large number of development (858 people), sales (595 people), and operational personnel (269 people).

In terms of salary, Beijing is the highest. Companies involved in the blockchain business in Beijing provide high salaries for talents, with an average amount exceeding nearly 10,000 yuan in Shanghai. Despite the high labor cost, it still hasn't stopped some companies' determination to actively do business in Beijing, such as Hainan Xinsoft Software Co., Ltd., CCB Financial Technology Co., Ltd., and US and American Securities (MTC.O). Looking at it, the three companies provide multiple positions involving blockchain from management to the front line.

In the comparison of blockchain talent compensation between provinces and cities, Shanghai is lower than Fujian and Hainan. As a traditional financial capital, compared to Fujian and Hainan, Shanghai's implementation of cutting-edge technology is slightly more conservative. The weak technical infrastructure and scarce talents in Fujian and Hainan attract talents at higher salaries than the industry. According to the recruitment information, the companies with the highest wages in the two provinces basically did not give specific names, and recruited people through headhunting companies.

In Fujian, the management of technical posts is the main target of recruitment, with an average salary of 76,500 yuan / month, which is higher than the industry average of 64,000,000 yuan / month. And Hainan gives high-wages to developers of the Blockchain Research Institute, such as embedded engineers, blockchain engineers, front-end and back-end development engineers, and the salary range is 215,000 yuan / month to 45,000 / month.

Table 3: Blockchain talent recruitment in some provinces and cities in sample companies in October

640

Source: Third-party recruitment website, ZeroOne Think Tank

Note: 1. The table is arranged in descending order of salary; 2. Provinces and cities with temporary recruitment statistics of more than 5 people.

According to the October sample data, reducing the geographical scope from the province to the city shows that Xiamen (36,100 yuan / month) and Beijing (32,600 yuan / month) have the highest salary for blockchain talent recruitment, both exceeding 30,000 yuan / month. With the third to fifth Hangzhou (23,300 yuan / month), Shanghai (22,900 yuan / month), Shenzhen (22,400 yuan / month) opened a gap of nearly 10,000 yuan (see Table 4). The top 14 in Xiamen with the highest salary are also the top 14 in the province. The positions are CTO, platform support technical director, architect, etc. The salary is between 40,000 yuan / month to 125,000 yuan / month.

Compared with Shanghai and Beijing, Shenzhen has an advantage in recruitment, but it is slightly inferior in salary. The above three cities need the largest number of talents, which are 1434, 1280 and 1004 respectively.

Table 4: Among the sample companies, the top fifteen cities with the highest salary and the highest number of blockchain talents (incomplete statistics)

Source: Third-party recruitment website, ZeroOne Think Tank

Note: 1. The table is arranged in descending order of salary and number of people. 2. Cities with more than 5 recruiters are temporarily counted.

(3) Blockchain recruitment job characteristics: highest legal salary, most developers

According to the sample data, positions can be divided into 16 categories: development, product manager, design, operation and maintenance, investment, analysis, risk control, finance, legal affairs, administration, personnel, sales, media, customer service, brand, and operations. In terms of numbers, the number of recruits in the three positions of development, sales, and operation was the largest, with a total of 5,242, accounting for 74.67% of the total number of recruits.

In technology circles, product managers' salaries are generally the highest. However, the sample data shows that legal affairs (33,400 yuan / month) has the highest salary, surpassing product managers (28,700 yuan / month) and development (27,000,000 yuan / month) by a difference of about 5,000 yuan.

Figure 4: Distribution of salary and number of employees in the sample data (incomplete statistics)

Source: Third-party recruitment website, ZeroOne Think Tank

Note: The data in the chart are arranged in descending order of salary.

 

The higher salary of legal personnel is related to the exploratory period of the industry. Standardize in the early stage, companies can avoid risks after the project. And among the 10 legal affairs enrolled, nearly 5 are management posts. According to the sample data, the executive ratio of legal affairs (Note: executive ratio = number of post executives / total number of posts) is 46.67%. This position requires the largest number of people in Beijing, and the highest salary is 113,000 per month, which is much higher than other regions.

Among the four positions with a large number of recruitments in development, sales, operations and product managers, Beijing's wages remain an absolute advantage in all provinces and cities in China. According to incomplete statistics based on job division, the above four positions require 425 people, 184 people, 109 people, and 74 people, respectively, and the highest paid companies with less than 5 people are selected.

Table 5: Incomplete statistics of maximum wages in the sample data

Source: Third-party recruitment website, ZeroOne Think Tank

For example: Shanghai Wanxiang Blockchain Co., Ltd. (Note: It is a service provider that provides blockchain + solutions) needs 5 product managers with an average salary of 31,500 yuan / month; Hangzhou Timestamp Information Technology Co., Ltd. ( Note: It is the registered entity of the media "Babbitt") requires 5 developers, the average salary is 52,400 yuan / month; Shenzhen Yijiayi Information Technology Co., Ltd. needs 8 sales personnel, the average salary is 45,000 yuan / Month; Oke Interactive Network Technology (Beijing) Co., Ltd. needs 9 operating talents with an average salary of 33,100 yuan / month.

Third, the characteristics of blockchain recruitment talent

For the cutting-edge technology industry, computer language is an indispensable basic skill; because foreign blockchain technology is leading, domestic companies need to be in line with international standards, and English language skills are also very important in the recruitment process. According to the incomplete sample data, the computer language requirements are more Java (1033), go (513), Python (468), c ++ (356) and so on. There are 568 positions requiring foreign language skills, of which 517 require English skills. In addition to these, work experience and education are also important influencing factors.

At present, a group of highly educated talents are engaged in the blockchain industry, but those with rich experience in blockchain work are gone. Through the calculation of the senior management rate, the current industry is more likely to give management positions and high salaries to those with long-term work experience.

(1) Blockchain work experience: technical front desk and service-oriented work favor newcomers without work experience, and mid- and back-office work involving core business. How high-paying to hire talents for 3-5 years

Based on sample data, we measure the proportion of people with different working years in the same position. Among them, the requirement for the employment of blockchain talents is basically 3-5 years, accounting for 50.72%; followed by 0-2 years of experience, accounting for 41.26%, and the remaining are no less than 6 years of experience, accounting for 8 %.

Taking this data as the industry average, comparing with different positions, it is found that the media (84.38%), operations (56.78%) and sales (44.68%) and other positions require 0-2 years of relevant work experience; operation and maintenance (79.69 %), Product manager (75.00%) and development (58.20%) and other personnel who have absorbed 3-5 years of relevant work experience; legal, financial, investment, development and other talents that include 6 years or more account for 28.57 of the total number of their respective recruitments %, 27.54%, 20.41%, and 8.52%.

Table 6: Proportion of Recruiting People in Different Positions for 0 to 2 Years, 3 to 5 Years, 6 Years and Above

Source: Third-party recruitment website, ZeroOne Think Tank

Note: 1. The gray part in the table is the data that exceeds the post average, and the white part is the data that is lower than the post average;

2. The table is arranged in descending order according to the proportion of 0-2 years.

The sample data shows that for technical front desk or service jobs, the industry needs to accept people without work experience (0-2 years); and for positions involving core business in the technical mid- and back-office, the company is willing to hire high-tech employees with work experience (3- 5 years).

In order to explore the relationship between experience and salary, we have selected four positions as product manager, development, sales and operation. Among them, product manager and development have high starting salaries, with average salaries of 18,100 yuan / month and 19,700 yuan / month, respectively. After more than 6 years of work accumulation, the salaries of the two have widened, which are 70,000 yuan / month and 55,100 yuan / month, respectively. Although the starting salaries of sales and operating personnel are not as good as the previous two, which are 132,000 yuan / month and 111,500 yuan / month, respectively, over time, salaries for 6 years and above are close to 50,000 yuan / month.

Figure 5: In the sample data, the salary distribution of different positions 0 to 2 years, 3 to 5 years, 6 years and above (unit: thousand yuan / month)

Source: Third-party recruitment website, ZeroOne Think Tank

(2) Blockchain education requirements: 6 cost subjects started, undergraduate average 25,700 yuan / month

According to the figure below, a group of doctors, masters and undergraduates is used; the remaining three items are grouped. The higher the proportion of the former, the higher the degree of education, and vice versa. According to the sample data, 62.58% of the minimum requirements for recruitment are undergraduates, followed by colleges, accounting for 20.77%.

Table 7: Educational requirements of different positions

Source: Third-party recruitment website, ZeroOne Think Tank

Note: The gray part in the table is the data that exceeds the post average, and the white part is the data that is lower than the post average.

According to the gray distribution of the table, it is concluded that the analysis post has the highest requirements for academic qualifications, and the proportion of master's and doctoral degrees are required to be significantly higher than the average position. Legal, product manager, and development positions have thresholds for academic qualifications. Above education. The proportion of product manager and development undergraduates and above accounted for 83.55% and 76.24%.

(3) Promotion of senior executives in the blockchain industry: focus on work experience

The establishment time of the sample companies is generally short, most of which are concentrated in 2018. With the change of the company's organizational structure, the growth rate of internally trained managers cannot keep up with the development of the company. According to sample data, there is a large gap in legal, financial and brand management talents, accounting for more than 30% of the total number of recruits.

Figure 6: Proportion of managers in different positions

Source: Third-party official website, Zero One Think Tank

In the initial stage of the establishment of a blockchain company, most of the members invested in technology, neglecting the establishment of internal financial and charter systems. In the process of gradually moving to the right track, administrative and brand awareness was awakened, and at the same time, business volume growth required the relevant management staff. Lead a team.

By comparing with the executive rate of the “Talent Recruitment and Rewarding Report for Fintech Institutions” by Zero One Think Tank, the number of companies recruiting executives involved in the blockchain business exceeds that of Fintech institutions. According to incomplete statistics, blockchain companies and fintech companies (Note: The following executive rates are presented in the same brackets for two types of companies) are hiring product managers (25.74%, 14.52%), and development (19.45%, 10.58% ), Sales (11.28%, 0.77%) and operations (17.16%, 8.64%), the former requires more management staff.

According to the above four positions, sort out the information of some company recruitment managers. For example, Shanghai One Account Financial Technology Co., Ltd. recruits a blockchain senior product manager with at least 3 years of work experience in Shenzhen; Hangzhou Timestamp Information Technology Co., Ltd. recruits a blockchain cryptographic engineer / expert in Hangzhou, Zhejiang. Salary is 81,000 yuan / month; Jinshan Cloud Network recruits project manager-blockchain in Beijing, Nanjing, Jiangsu and other places. It needs at least 5 years of work experience, and its average salary is 40,000 yuan / month; Shenzhen Internet Cloud Computing Co., Ltd. recruits a blockchain operation director with at least 8 years of work experience locally, with an average salary of 45,000 yuan / month.

According to the executive rate of the sample companies, education is more important when entering the industry, but experience and ability are relatively more important in future job promotions. The four positions selected by the sample data show that the management needs to recruit 3-5 years of work experience, the highest demand, 6 years and above because the number is not large, so the proportion is not high.

Figure 7: Proportion of managers in different positions

Source: Third-party official website, Zero One Think Tank

Recruitment of key blockchain companies

Companies involved in the blockchain business can judge the situation such as staff turnover, future business direction, etc. by recruiting required positions, number of recruits, and average salary. According to the number of recruiting dimensions, the list of 15 companies with the largest number of candidates, as well as listed companies involved in the blockchain business that have recruitment requirements.

(1) Sample data, the 15 companies with the most recruitments mainly recruit development or sales talents

According to the sample data, Xiaoma Co., Ltd. ("Xiao Ma shares"), Wuhan Qiaotao Blockchain Technology Co., Ltd. ("Qiaotao Blockchain") and Shanghai Nianxiang Human Resources Co., Ltd. ("Year "Manpower") three companies with a plan to recruit more than 100, and the remaining 12 companies are between 47 and 94. Among the 15 companies with the largest number of recruits, 7 needed the most positions for development and 8 were for sales. The 15 companies are located in Guangdong, Shanghai, Zhejiang and Hubei.

Table 8: Sample companies with the largest number of blockchain recruiters

Source: Third-party recruitment website, ZeroOne Think Tank

Note: The table is arranged in descending order of company recruitment.

Xiaoma shares, whose main business is intellectual property services, has recruited multiple positions including blockchain development engineers, blockchain researchers, and blockchain community operations, indicating that it is forming a blockchain team to conduct business.

In contrast, the posts recruited by the Tao Tao blockchain are new media planning operations, sales mini-programs, etc., and the business is basically independent of the blockchain. In October, Xiangman recruited a large number of positions with "blockchain" in the name. The recruitment information cannot determine whether it is autonomous or agency recruitment, but it can be seen that the position system is from the blockchain quantitative investment director and blockchain overseas BD. Manager, Blockchain Finance Director, Blockchain Marketing Director, Blockchain Development Engineer and many other positions.

Among the remaining companies, more than half of the companies recruiting developers were Shanghai Yongmi Computer Technology Co., Ltd., Jiangsu Weimi Blockchain Technology Co., Ltd. and Hangzhou Tengzhan Technology Co., Ltd.

(II) Listed companies involved in the blockchain business: Alibaba, Tencent, and Guangguang Software recruit the most

According to the sample data, there are 28 listed companies recruited by the blockchain, and the total number of recruited companies is 133. These companies basically need talent for development, and the number of people they need is the most in the month. Alibaba, Tencent (including Weizhong Bank 6 people) and Yuanguang Software need the most blockchain talents among listed companies, 32, 32 and 20 respectively, and more than half of the three companies need development posts.

Table 9: Blockchain recruitment of listed companies

Source: Third-party recruitment website, ZeroOne Think Tank

Note: The table is arranged in descending order of total recruitment.

In BATJ, JD.com and Baidu's recruitment of the blockchain is not as good as the other two. Although JD.com recruits only one developer, it pays 42,200 yuan / month, which is higher than the industry. Baidu talents are transferred internally. There was no demand for new recruits in October.

V. Summary

In October, historically, the blockchain industry entered a period of expansion steadily. From the sample data, the blockchain companies in the industry are relatively "young", most of which were established in 2018 and the scale is concentrated in 50 to 149 people.

Divided by province, the company recruits the most people in Guangdong and offers the highest wages in Beijing. Divided by position, development, sales, and operations have the most staff, and legal, product manager, and development have the highest salaries. It should be noted that the higher salary of legal affairs is related to the smaller sample size, which is more contingent.

High-tech industries need specialized talents, and mastering foreign languages ​​and computer languages ​​is also indispensable. Blockchain companies have higher requirements for talents, and more than 60% of the technical posts require a bachelor degree or above. Compared with education, blockchain companies pay more attention to work experience, and their executive rate is higher than that of fintech companies. Based on the standardized operation of the blockchain industry, management talents in legal affairs, finance and brand posts are highly sought after.

Companies with a large number of recruiters mainly recruit sales and development posts, but they need to carefully identify whether they are really involved in the blockchain business. According to the incomplete statistics of the Zero One Think Tank, there are 28 listed companies that have recruitment requirements in October related to the blockchain. For the practical application of blockchain technology in the company, Tencent (including Weizhong Bank) and Alibaba are once again at the forefront.

End.