Monday, October 30, 2006
Retaining Local Managers in China Remains an Issue
As Multinationals operating in China compete fiercely for talent, a Manpower survey shows why retaining local managers remains an issue:
HR Prof's who believe Chinese employees quit mainly to seek better pay: 70%
Chinese employees who say lack of career opportunities is the key reason they leave jobs: 68%
Chinese employees who feel their company offers sufficient career development: 33%
Source: BusinessWeek Sept 18, 2006, p. 9
Data: Manpower Inc. survey of 141 HR exec's at companies doing business primarily in Shanghai, Beijing, and Guangzhou and 312 candidates interviewed in those cities.