china cometh
Wsj
In the past, foreign or multinational companies often hired expats from the company’s home country for china based management roles. But now many companies are opting for local talent who speak the language, know the culture, and understand the market. At the same time, the properity of chinese companies is heating up competition for talent, forcing foreign companies to alter their recruitment strategies and work harder to match salaries.
Four or five years ago Bausch and Lomb only had to compete against other multinational ompanies for talent; today it is state-owned and local companies as well that are making competition harder.
Ahhh…the culture is important. It’s nice to see china coming into it’s own. More power to them. More middle/upper class. I’d like to go see china sometime…it has probably changed A LOT in the last few years.
In the past, foreign or multinational companies often hired expats from the company’s home country for china based management roles. But now many companies are opting for local talent who speak the language, know the culture, and understand the market. At the same time, the properity of chinese companies is heating up competition for talent, forcing foreign companies to alter their recruitment strategies and work harder to match salaries.
Four or five years ago Bausch and Lomb only had to compete against other multinational ompanies for talent; today it is state-owned and local companies as well that are making competition harder.
Ahhh…the culture is important. It’s nice to see china coming into it’s own. More power to them. More middle/upper class. I’d like to go see china sometime…it has probably changed A LOT in the last few years.
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