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What are some of the key human capital challenges facing organizations in China today?

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What are some of the key human capital challenges facing organizations in China today?

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Guo Xin: The major challenge facing HR in China is that, despite the troubled economy and the resulting need for companies to cut expenses – including employee benefits and salary increases – there is still a significant shortage of talent. There is going to be another round in the fight for talent, but unlike during the good times – when we saw rampant title and compensation inflation – this will be a new game with new rules. Moreover, the economic picture won’t provide the relief in this fight that might be expected because of the economic stimulus plan that the central and local governments in China have put together. It is expected that when the stimulus kicks in, the economy is likely to be humming again. Many organizations in China also struggle to answer the “build vs. buy” question – especially at the leadership level. Most companies continue to battle for a limited amount of resources in the labor market, often to lose against those with deeper financial pockets or be forced t

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