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GLOBAL: "Global Human Capital Trends 2014: Engaging the 21st-century workforce" report

GLOBAL: "Global Human Capital Trends 2014: Engaging the 21st-century workforce" report. 146-page report by Deloitte.

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back to index backGLOBALtalk June,  2016


Chinese companies widen search for foreign talent

Chinese employers with a shortage of highly skilled workers have opened their doors wider to foreign talent.

The trend is being spurred by a new government manpower policy that encourages companies to hire directly from the international market.

Major international headhunting companies have benefited from the change, seeing robust growth in such business in recent years, a China Daily investigation has found.

Spring Professional, a subsidiary of leading human resources company Adecco Group, has operated on the Chinese mainland for more than 10 years.

It says that in the past three years, its annual revenue in China has grown by between 70 and 100 percent, thanks to the growing demand from Chinese companies for international staff.

"Three years ago, 80 percent of our business was to find candidates for multinationals in China. Now, more than 60 percent of our business has shifted to searching for international candidates for Chinese employers," said Xiao Lirong, director for Beijing and Shanghai at Spring Professional.

"Besides the private sector, even State-owned enterprises have become our clients," she said. State companies have traditionally relied on government agencies to introduce overseas talent.

Robert Parkinson, CEO and founder of RMG Selection, another international human resources company that focuses on China, said its annual placement for foreigners in Chinese companies has doubled in four years.

Parkinson said the demand for skilled technical foreign talent is growing as China moves from low-cost manufacturing to more diversified innovative business.

"In the past, foreign talent we searched for focused on marketing or selling. Now, Chinese companies increasingly need technical experts," Parkinson said, adding that this business will continue to grow.

To read entire article (including graph), please click here.

Source: China.org - GAI






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