The APAC Report The Hunt for Talent in China
The world's fastest-growing major economy faces workforce challenges that are both universal and unique.
By Russ Banham
As the world knows, China is the fastest growing major economy on the planet. Wide-ranging enterprises have sprung up, a mix of indigenous and foreign companies, and a relatively affluent middle class has emerged. Even though the country's gross domestic product dropped a tad in the second quarter of this year to 9.5 percent (from 9.7 percent in the first quarter), its ascendant economic growth rises in stark contrast to most earthbound economies elsewhere.
All this growth requires educated and experienced people to manage it, however. Unlike countries with long-established talent pools, China is desperately in need of intellectual capital. Like other Asia- Pacific nations, it is looking at both local talent and global sourcing for key positions, specifically focussing on Asian talent working or studying abroad. "For all companies in China, both indigenous companies and multinational corporations, recruitment is a big
FALL 2011
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