Human Resources China

Archive for January, 2012

Skills Shortage in the World’s Most Populated Nation

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As the most densely populate country in the world with mandarin being the most widely spoken language on the planet China is not surprisingly a powerhouse to be reckoned with. These solid credentials coupled with the enormous struggles that the established world economies of Japan and American have experience of recent years, have led to China emerging as what is termed a ‘BRIC Economy’. BRIC is an acronym that encompasses the countries of Brazil, Russia, India & China. These countries in particular have been grouped together as they are widely acknowledged as similarly poised ‘new’ economically developed countries.

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Challenge for Talent Retention in China

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China is one of the fastest developing countries in the entire world. Instead of being the hot destination for outsourcing and home for the largest population in the world, China lacks the qualified talent required to meet the demands of foreign employers As a result of talent shortage, skilled workers find it extremely easy to hop on from one job to another resulting in high attrition rate. Therefore, top MNCs in China site human resource challenges, i.e. attracting and retaining trained employees as their top concern.

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