China’s talent shortage

The International Herlad Tribune published an interesting piece about the recruitment struggles of foreign companies in China. Selected quotes:

…A recent McKinsey report, titled “Addressing China’s Looming Talent Shortage,” said surveys had shown that fewer than 10 percent of Chinese graduates across a range of technical and professional disciplines would be suitable for employment in foreign companies….

…Ogilvy’s Beijing-based managing director, Chris Reitermann: “We hire many more expats simply because we can’t get the quality locally. Good senior local people are as precious as diamonds.”

…Some critics argue that the conservative education system relies too heavily on rote learning from textbooks and requires students to conform to views presented in course material.

Combined with China’s tight political control, they complain, this approach stifles initiative that would be valuable to employers…

Full article is available on the IHT web site: Chinese paradox: A shallow pool of talent

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