Hu­man re­sources to play key role in coun­try’s ad­vance­ment

China Daily (Canada) - - ANALYSIS - By HOU LIQIANG houliqiang@chi­nadaily.com.cn

China is draft­ing spe­cific mea­sures of an ac­tion plan to cre­ate a more fa­vor­able en­vi­ron­ment for do­mes­tic and in­ter­na­tional hu­man re­sources com­pa­nies, with the aim of build­ing an HR mar­ket worth 2 tril­lion yuan ($300 bil­lion) by 2020.

The ac­tion plan was pub­lished on the web­site of the Min­istry of Hu­man Re­sources and So­cial Se­cu­rity on Oct 11.

Last year, the coun­try was home to 26,700 HR ser­vice providers, em­ploy­ing about 553,000 peo­ple and earn­ing com­bined rev­enue of 1.18 tril­lion yuan, ac­cord­ing to the min­istry.

In­dus­try rev­enue has grown by about 20 per­cent per year on av­er­age, Lu Ai­hong, a min­istry spokesman, said at a news con­fer­ence in Bei­jing on Wed­nes­day.

“Yet China’s HR in­dus­try still fails to meet the de­mand cre­ated by the coun­try’s eco­nomic de­vel­op­ment and lags be­hind that of de­vel­oped coun­tries,” he said.

In ad­di­tion to fos­ter­ing a mas­sive HR mar­ket, the ac­tion plan also en­vi­sions hav­ing about 100 lead­ing HR en­ter­prises and in­creas­ing the num­ber of em­ploy­ees in the in­dus­try to 600,000.

While vow­ing to cre­ate a fa­vor­able en­vi­ron­ment for pres­ti­gious in­ter­na­tional HR ser­vice providers, the plan en­cour­ages do­mes­tic en­ter­prises to strengthen their global co­op­er­a­tion and broaden their in­ter­na­tional busi­ness reach.

An­other goal of the plan is to im­prove the qual­ity of ser­vice in China’s HR in­dus­try and make it more mar­ket-ori­ented and com­pet­i­tive in the in­ter­na­tional mar­ket, so it can serve national strate­gies such as the Belt and Road Ini­tia­tive and the co­or­di­nated de­vel­op­ment of the Bei­jing, Tian­jin, He­bei prov­ince re­gion.

They will also pro­mote de­vel­op­ment of the in­dus­try with the help of big data, cloud com­put­ing, mo­bile in­ter­net and ar­ti­fi­cial in­tel­li­gence.

Lu said the min­istry will co­or­di­nate with other de­part­ments to draft spe­cific, tar­geted mea­sures to boost the de­vel­op­ment of the in­dus­try and simplify work pro­ce­dures for com­pa­nies to be­come li­censed to de­liver HR ser­vices.

China’s lead­er­ship has at­tached great im­por­tance to the HR ser­vice in­dus­try. In his re­port to the 19th National Con­gress of the Com­mu­nist Party of China, Gen­eral Sec­re­tary Xi Jin­ping said China will foster new growth ar­eas and driv­ers of growth in six eco­nomic sec­tors, in­clud­ing hu­man re­sources ser­vices and midrange and high-end con­sump­tion.

Lu added that China will draft more pref­er­en­tial poli­cies to support the de­vel­op­ment of tech­ni­cal ed­u­ca­tion for the cul­ti­va­tion of skilled tal­ent. The min­istry is also draft­ing mea­sures to in­crease the salar­ies of skilled work­ers.

MAO SIQIAN / XINHUA

A worker for Shenzhen Cus­toms in Guang­dong prov­ince shows the plas­tic waste that was seized in June last year.

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