whitepapers, case studies and more

China Fact Sheet - Talent Intelligence Outlook 2016

Issue link: https://insights.randstadsourceright.com/i/766059

Contents of this Issue


Page 0 of 1

TALENT MANAGEMENT ROBOTICS Ro TALENT FLEXIBILITY Tf ARTIFICIAL INTELLIGENCE WORKFORCE STRATEGIES Ws TALENT INNOVATION Ti RESOURCING STRATEGIES Rs RECRUITMENT R CONTINGENT WORKFORCE Cw WORKFORCE MANAGEMENT Wm WORKFORCE MANAGEMENT Wm MANAGED SERVICES PROGRAM MsP CONTINGENT TALENT Ct CANDIDATE EXPERIENCE Ce AUTOMATION Au GIG WORKERS Gw TECHNOLOGY TOOLKIT Tt TECHNOLOGY TOOLKIT Tt CAREER TRANSITION SERVICES CtS STATEMENT OF WORK SoW SUPPLIER MANAGEMENT Sm VENDOR MANAGEMENT SYSTEM VmS HUMAN INTELLIGENCE Hi PREDICTIVE ANALYTICS Pa EMPLOYER VALUE PROPOSITION EvP TALENT CONSULTANCY Tc www.randstadsourceright.com talent intelligence outlook: China facts China employers share optimism for growth and concerns about talent scarcity Even as the world's second largest economy shows signs of slowing, the reality is that China's GDP is still expanding at a pace envied by most economies. In our Talent Intelligence Outlook survey, a vast majority (94%) reported that their organizations are growing at or above expectations, which was also reflected in anticipatory hiring. In fact, 40% in the past 12 months hired extensively to support forecasted growth, even as 28% did so to keep up with current demand and stay ahead of competition. They are even more optimistic in the next 12 months, with 22% believing they will grow beyond expectations and 64% expecting at least slight growth. This robust hiring was reflected in the how Chinese business leaders viewed the threat of talent scarcity, with 82% of those surveyed saying it had become one of the top concerns for their executives. At the same time, 84% said employers continually raise their expectations on employee performance, indicating a growing focus on education and career ambition in the workforce.. There was also broad agreement that technology is helping companies make smarter hiring decisions. What will be the biggest influencers on business in the next 12 months? More than half of the respondents believe more competition for top talent will make it difficult to win those skills, while 50% say talent scarcity is a critical factor. Digitalization of HR, a factor cited by the global human capital leaders surveyed, followed at 42%. Three takeaways • With competition for top talent intensifying and employers' expectations of workers also rising, many Chinese firms must create a compelling employer value proposition to attract workers with the skills they need. • Chinese companies were least worried about competitors outspending them in talent innovation investments, with fewer than 40% believing they are at a disadvantage. • Hiring in the next 12 months will be strong and may indicate a rebound in the Chinese economy, which increasingly is being powered by domestic consumption rather than exports. Despite China's growing investments in drone technology and other automation, robotics are not expected to have a large impact on the workforce TO WHAT EXTENT WILL ROBOTICS AND AUTOMATION INFLUENCE YOUR BUSINESS? EXPECTATIONS FOR ADDING POSITIONS TO THE FOLLOWING JOB FAMILIES IN THE NEXT 3-5 YEARS 40% 38% 30% Chinese employers plan to become better marketers and product developers Marketing R&D Strategy 28% 34% 26% 12% Will have greater influence on our business Will have no influence on our business Will have less influence on our business Not relevant for our business

Articles in this issue

Links on this page

view archives of whitepapers, case studies and more - China Fact Sheet - Talent Intelligence Outlook 2016