Guizhou opened its first industrial zone for provincial-level human resource services in Guiyang on March 25.

The opening of the industrial zone is a big step by Guizhou toward forming a more organized, concentrated and integrated HR services sector.

According to estimates, Guizhou's?human resource services industrial zone will produce revenue worth 900 million yuan ($143 million) and taxation worth 20 million yuan by 2020.

According to local authorities, the purpose of the industrial zone is to meet the growing need for more efficiently organized human resource sectors in Guizhou and to provide solutions to the problems facing its talent-hunting service industries.

Statistics show that at the end of 2016, there were over 600 human resource organizations and 186 human resource websites in Guizhou, as well as 310 long-term locations for employment inquiry and consultation, bringing the total industrial revenue to 1.26 billion yuan.

The industrial zone will concentrate public service institutions and human resource service companies in one location, improving cooperation and integration among them in order to establish a more organized, interactive and convenient platforms for corporations in need of high-profile talents.

The new human resource service industrial zone hopes to attract more than 10 prestigious domestic and international human resource service institutions in 2020, and to make use of various favorable policies to nurture 50 local human resource service entities.

With the help of the human resource service industrial zone, Guizhou will propel the local human resource service sector to further integrate with internet technology and the local finance industry. The province has resolved to build an all-in-one service platform incorporating the internet, talent resources and human resource services.

Officials unveil the plaque for Guizhou's first industrial zone of provincial-level HR services in Guiyang on March 25. [Photo/gog.cn]