Hong Kong, China, August 2008
China's economic growth of around 10% during the past ten years has resulted in an acute shortage of talented native PRC Chinese leaders
“In China, companies of every size, across all industry sectors and in particular the Logistics industry, continue to increase their headcount and are actively hiring, eager to attract and retain the best talent, all pursuing the same limited pool of qualified native Chinese candidates”, concludes a survey, conducted by the Economist Intelligence Unit.
DB Schenker International's CEO of China, Andrew Jillings comments that his company currently has 61 offices in China, manned by around 4,500 people. With DB Schenker's appointment as the official freight forwarder and customs clearance agent for the Beijing Olympic Games, headcount is up by about 200. Plans are underway for the opening of a further 9 offices over the next 18 months. “Our key focus remains that of growing our people and creating opportunities for our staff to achieve our goals,” says Jillings.
Management consultants Hewitt Associates observes that 6 out 10 foreign companies in China are critically short of experienced Chinese leaders. This acute shortage is one the greatest challenges facing China, as it not only impacts the bottom line of companies operating here, but also affects China's ability to align with international standards and practices.
Stanton Chase ranks among the top 5 retained executive search companies in Asia Pacific, operating from 13 offices. In China, Mediazone nominated Stanton Chase amongst Hong Kong's Most Valuable Companies 2008, for the 4th consecutive year.
Contact
Ivo A. Hahn
Managing Director - Asia and Global Practice Leader, Logistics and Transportation
Office: (+86) 10-6500-6475
i.hahn@stantonchase.com
