Global Firms Facing Human Resources Challenges in Asia

by swisscham in Consulting, Legal, Services, Tax

It’s tough for firms to get and keep the right people, who are often quick to seize new opportunities. While companies in Europe are struggling with sluggish demand and a gloomy employment market, Asia seems a land of promise: booming economies, robust demand, and a resilient job market. But for those who are actually doing business here, there are also some challenges: the business opportunities are there but local competition is fierce, and while the supply of college graduates is huge, the right candidates are hard to find, and when they are found, the prosperous market means that they may easily move to rival firms. Cindy Chen, regional head in Northeast Asia of Adecco Group, a Switzerland-based global human resources company, said in an interview with China Daily that retaining talent is the biggest headache for multinational companies operating in Asia and China.

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