New China White Paper on Employment Practices

Filed in archive on October 18, 2006

Despite China's population of 1.3 billion, a critical talent shortage has multinationals struggling to retain their management and employees. A recent White Paper produced by Manpower Inc., a global leader in the employment serivces industry,examines this Paradox and offers insights to help multinationals improve their talent management strategies in China.

The White Paper, The China Talent Paradox, reports that rapid economic and social change has spurred a skills shortage that is set to escalate in the next few years. The labor shortage in China is even more problematic than in other nations because it is most severe among managers. Two in every five companies find it difficult to fill senior management positions.

The good news is that nearly 75 percent of Chinese employees would prefert to work for wholly-owned foreign companies rather than joint ventures companies and wholly-owned Chinese companies according to Manpower research.