Human Resources In China. Thus the world image is evolving and the economic potential appears to become more dynamic affluent and changing We will write a custom Research Paper on Human Resources Management in China specifically for you for only $1605 $11/page 808 certified writers online Learn More.

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Difficulty in finding and attracting top talent This is one of the main challenges faced by HRIncreasing labor costs It is noted that in the past decade the real wage rate in theHigh employee turnover The average employee turnover rate for privately owned companiesLack of qualification A McKinsey study has revealed that fewer than 10% of local employeesFalse resume data Since most employees are not sufficiently qualified and lack the right.

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The concept of human resource management (HRM) in China was only adopted beginning in the 1990s as a foreign import Many domestic firms still operate in a traditional personnel management mode with limited strategic planning or HR capability although there is a general trend by which firms are increasingly becoming more strategic in their HRM.

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HR in China is a complicated beast in certain ways far ahead of the rest of the world and in other ways lagging behind As China’s economic engine continues to rev to the red line and its local businesses are increasingly encouraged to look offshore for growth the HR role will only become more important to the nation’s businesses and people.

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Management of human resources in China requires a sufficient understanding of China as a country its local employment laws & regulations and its people Examples such as national holidays employment contracts and terms.

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Human resources in China presents its own set of challenges for companies In the case of foreign companies such as China WFOEs you may find that labour and employment laws in China are very different to those in your home nation that you may be accustomed to This leaves employers with a choice.