How there can be a talent shortage in a country of 1.3 billion people...and what to do about it
Talent shortages are particularly acute in managerial and executive roles, and the situation is set to get worse before it gets better. Older managers, who were already working age when the Cultural Revolution took place in China, lack the necessary education and training to serve as senior executives. The majority of Chinese employees have low levels of English language fluency and, coming from state-owned enterprises with traditional values, have not had insights into Western systems and culture. In addition, China’s Confucian values and relations-based way of doing business can be at odds with Western management practices, all of which create problems for managing international business relations.
This talent shortage at middle and senior manager level is proving a major problem for domestic and foreign-invested companies in China. Not finding and keeping the right people is putting a halt on growing their business.
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