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.

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