The Challenge of Managerial Staff Shortage on the Chinese Labor Market
The Development of HRM in China
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One of the major challenges today is the global shortage of managerial staff. Globalization and opening up of new markets lead to a steadily rising demand, but the supply of Western talent is decreasing. Now enterprises tend to seek skilled personnel in rapidly developing economies such as China. China as a fast growing economy is usually assumed to have a vast number of low-cost workers and a bountiful supply of talent. This perception is likely to turn out to be a miscalculation endangering efficiency and growth. Combined with the demographic shift towards an ageing society caused by the Cul...
One of the major challenges today is the global shortage of managerial staff. Globalization and opening up of new markets lead to a steadily rising demand, but the supply of Western talent is decreasing. Now enterprises tend to seek skilled personnel in rapidly developing economies such as China. China as a fast growing economy is usually assumed to have a vast number of low-cost workers and a bountiful supply of talent. This perception is likely to turn out to be a miscalculation endangering efficiency and growth. Combined with the demographic shift towards an ageing society caused by the Cultural Revolution, the One-Child Policy and a higher life expectancy, the upcoming shortage could impede economic growth. This thesis basically concentrates on the development of the HRM sector in China with regard to recruitment, retention, motivation and performance appraisal of managerial staff. The future developments are uncertain and depend on the pace of adaptation to new challenges.
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