Finding the right person for the job is human resource (HR) managerNancy Ren's mission. Ren works for an information technology firmin Beijing, where despite the large pool of talent, filling an openposition at the company has become as arduous a task for heremployers. "We usually put each candidate through three rounds of tests andinterviews. But even after spending that amount of time and energy,the chances of us finding the right person are still relativelylow," Ren said. Out of 10 candidates, Ren's company is lucky if they find one whofits their needs.
And sometimes, when a candidate is chosen, thatperson proves unsuitable for the job or falls far short ofexpectations. While most Chinese companies still rely on group discussions andprofessional examinations to assess candidate competence, most oftheir advanced global counterparts are turning away fromtraditional searching and assessment methods in favor of talentmeasurement solutions in finding the right people for the rightroles. Talent measurement gauges candidate competency by providinggenuine insight into employee's capabilities and producingobjective, consistent and meaningful data for upper management. "The world's top 500 companies have discarded the old ways ofhiring in favor of new, innovative methods," said Louis Yang, abusiness psychologist. According to a survey conducted by China International IntelligenceCo.
Ltd., a Shanghai-based HR service provider, almost half ofChina's enterprises have yet to use talent measurement tools inrecruiting but many are looking to switch gears in the next twoyears and incorporate talent measurement into their hiringpractices. "Talent will play a vital role in China's economic transformationwhile the country switches its investment-driven growth model toone dependent on talent," said Fu Quan, General Manager of SHLChina, a professional talent measurement solution providerheadquartered in the UK. With great market opportunities in sight, more international talentmeasurement providers are expanding their global footprint inChina. Market potential Over the last five years, SHL has focused its resources on theChinese market. According to Fu, SHL doubled its staff andinvestment in China last year. Nissan Car DVD Player
In April, SHL expanded its mainoffice by eight fold in Shanghai. "These latest changes give our organization an even strongerplatform to serve our customers in China," said David Leigh, CEO ofSHL. What's raised SHL's confidence in China is the excellentperformance it has achieved in the Chinese market. "During the past three quarters, our average profit witnessed anincrease of 80 percent year on year," said Fu. Ford DVD Navigation System
China's talent strategy provides huge growth potential for thetalent assessment sector. According to the National Program forMedium- and Long-term Talent Development (2010-20), there will be42 million business managers ready for hire by 2020. The enormousdemand to develop business management talent is gradually turningtalent assessment from being a branch of HR development into themainstream. "Assessment demand has skyrocketed for companies of all sizes inChina from state-owned enterprises (SOEs) to multinationalcorporations and businesses in the private sector," said Fu. In Dash Car DVD Player Manufacturer
According to Fu, SHL China's clients were all multinationals inChina three years ago. Today, 40 percent of their clients are localenterprises. "Usually the local enterprises we serve have bigger employee hiringrequirements than multinationals. That means bigger businessvolume," said Fu. China's booming recruitment market also gives HR service providersreason to rejoice.
According to a survey conducted by global recruitment firm MichaelPage International based in the UK, business confidence in China ishigh, leading to a stable recruitment market. Among employers surveyed, there is favorable sentiment toward bothdomestic business conditions and hiring additional staff. Some 79percent of employers predict business conditions will eitherimprove or remain stable in the coming months, while 56 percentexpect to boost headcount in their business.
And sometimes, when a candidate is chosen, thatperson proves unsuitable for the job or falls far short ofexpectations. While most Chinese companies still rely on group discussions andprofessional examinations to assess candidate competence, most oftheir advanced global counterparts are turning away fromtraditional searching and assessment methods in favor of talentmeasurement solutions in finding the right people for the rightroles. Talent measurement gauges candidate competency by providinggenuine insight into employee's capabilities and producingobjective, consistent and meaningful data for upper management. "The world's top 500 companies have discarded the old ways ofhiring in favor of new, innovative methods," said Louis Yang, abusiness psychologist. According to a survey conducted by China International IntelligenceCo.
Ltd., a Shanghai-based HR service provider, almost half ofChina's enterprises have yet to use talent measurement tools inrecruiting but many are looking to switch gears in the next twoyears and incorporate talent measurement into their hiringpractices. "Talent will play a vital role in China's economic transformationwhile the country switches its investment-driven growth model toone dependent on talent," said Fu Quan, General Manager of SHLChina, a professional talent measurement solution providerheadquartered in the UK. With great market opportunities in sight, more international talentmeasurement providers are expanding their global footprint inChina. Market potential Over the last five years, SHL has focused its resources on theChinese market. According to Fu, SHL doubled its staff andinvestment in China last year. Nissan Car DVD Player
In April, SHL expanded its mainoffice by eight fold in Shanghai. "These latest changes give our organization an even strongerplatform to serve our customers in China," said David Leigh, CEO ofSHL. What's raised SHL's confidence in China is the excellentperformance it has achieved in the Chinese market. "During the past three quarters, our average profit witnessed anincrease of 80 percent year on year," said Fu. Ford DVD Navigation System
China's talent strategy provides huge growth potential for thetalent assessment sector. According to the National Program forMedium- and Long-term Talent Development (2010-20), there will be42 million business managers ready for hire by 2020. The enormousdemand to develop business management talent is gradually turningtalent assessment from being a branch of HR development into themainstream. "Assessment demand has skyrocketed for companies of all sizes inChina from state-owned enterprises (SOEs) to multinationalcorporations and businesses in the private sector," said Fu. In Dash Car DVD Player Manufacturer
According to Fu, SHL China's clients were all multinationals inChina three years ago. Today, 40 percent of their clients are localenterprises. "Usually the local enterprises we serve have bigger employee hiringrequirements than multinationals. That means bigger businessvolume," said Fu. China's booming recruitment market also gives HR service providersreason to rejoice.
According to a survey conducted by global recruitment firm MichaelPage International based in the UK, business confidence in China ishigh, leading to a stable recruitment market. Among employers surveyed, there is favorable sentiment toward bothdomestic business conditions and hiring additional staff. Some 79percent of employers predict business conditions will eitherimprove or remain stable in the coming months, while 56 percentexpect to boost headcount in their business.
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