Company partnership; seeking advice on personal future – urgent!
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This post was last edited by 850047811 on 2015-9-7 09:11. I graduated with a master’s degree last year and am currently working at a company under CNOOC in Guangdong Province. The company is about to form a joint venture with a well-known foreign company (CNOOC will hold 51% of the shares, while the foreign company will hold 49%). Its main business areas include the construction of drilling platforms, as well as the modular construction of LNG and chemical plant facilities. It has the largest facility of its kind in Asia. Overall, the prospects look good. However, there are some issues associated with this joint venture: 1. Choices need to be made after the formation of the joint venture. If a joint venture is chosen, then there will be no position within CNOOC’s organizational structure (university graduates receive new labor contracts after three years, which constitutes an official position) ； If a joint venture is not chosen, then one will have to leave the current company and go to another subsidiary of the parent company, though the location is uncertain. 2. I understand that this foreign company is indeed very strong, but I have doubts about its future prospects (it has nothing to do with the company’s strength; my main concerns are related to systemic issues, such as interference from the parent company that could hinder the development of the joint venture) ； 3. I’m not sure what level of revenue the joint venture will be able to achieve. If any experts in this forum have information on such matters, please share it; if it’s not convenient, you can contact me privately. Currently, it’s a little over 4K. It is said that in joint ventures, salaries will increase by 30–50%, but compared to the existing salary structure, such an increase holds no appeal for us (a transfer to another position will definitely result in a higher salary, and stability is also a key factor). If it’s possible to go for a joint venture, what price do people think would be appropriate (relative to the established salary structure)? I sincerely seek help from all the seniors at Haichuan. Thank you everyone!
Compile? Compile? Is a formal position necessary? I just started working; I need to improve myself first and acquire skills before anything else. What’s the point of working for a state-owned enterprise anyway? What’s wrong with private enterprises? One must rely on their own abilities to get a raise, rather than constantly depending on the company – haven’t you seen this clearly in society? No job security?
Hello, senior. It’s not that a formal position is absolutely necessary; as long as the salary is attractive enough, that’s fine. But the current wage increase is not attractive to us; after getting a permanent position, the salary might be similar, and after all, it’s more stable. Thank you, senior
A couple of days ago, I also heard news about the joint venture between CNOOC Zhuhai and Fulu; it seems that either staying within CNOOC’s organization or working for the joint venture company are good options. I was also torn between another joint venture of CNOOC before. Haha.
It feels like one’s 20s are the best time to strive hard – to go out and experience more, to take on more challenges. However, at the age of 20s, their families expect them to start a family and build a career; mortgage payments and various other responsibilities impose a lot of pressure on young people. Additionally, due to some negative trends in society, they all want to find a stable job. Alas! Young people shouldn’t go out and take risks!
It’s useless to listen to what others say, after all, they’re not the people involved. Also, how should such posts be handled? @zhangqi1234 @leileienn @wolfhhhhm @GuardianStars This can be considered a work-related discussion, but it also violates the rules of this forum: Any content related to companies or third parties should be moved to the “Job Search Information” section
Could you please give me some advice, senior? If it’s not convenient, you can message me privately. Thank you
It can still be used as a reference, after all, the seniors have more experience
Well, I suggest you edit the first floor section by yourself, making sure not to include the company name. :Let me explain the handshake process to you: 1. In Zhuhai, housing prices are not high. Do you plan to settle there? 2. One year after graduating with a master’s degree, one’s technical competitiveness is likely not very high either ； 3. With falling oil prices and an increase in domestic drilling sites, although you are part of the core group, will the oil fields that could be developed previously, especially those that are marginal, be approved for your development? It can only be the later-stage exploitation work of oil fields. 4. The industry is not doing well; **with anti-corruption campaigns underway and various expenses being cut, wage increases will certainly not be as high as before** ； 5. It is recommended to join a joint venture company – after all, foreign companies have advanced technology. After gaining relevant skills, one can consider working for a foreign company on project-based assignments.
From what you say, it seems you place more importance on a stable job position; if you’re a girl, then choosing a job with such stability makes sense, while guys should pay more attention to the career prospects
Hello, senior. I’ll answer each question one by one; please give me some advice: 1. Our location is relatively remote, and housing prices are within an acceptable range. If the prospects are good, we could consider settling down here (if we work for CNOOC, then we definitely will settle down)； 2. Having just graduated for a year, I can only say that I have a basic understanding of this industry; I don’t possess any real technical skills yet ； 3. When signing the agreement for the joint venture, both parties agreed that their respective parent companies would provide the necessary resources for the project, ensuring that the joint venture could at least maintain its basic operations. Going forward, the focus will be on development in the South China Sea and the Southeast Asian region. We are not responsible for oil extraction; we are only in charge of platform construction and installation ； 4. Salaries within the offshore oil industry are generally fixed, with little increase, but the stability is an advantage. And the joint venture does not offer attractive salaries (the joint venture is basically where we work now, just under a different name) ； 5. The Japanese will come; there’s no concern at all from a technical standpoint. I’m just worried about future development, stability, and treatment issues. Please give me some advice, thank you