Do­mes­tic firms at­tract­ing bulk of tal­ent

China Daily European Weekly - - Business -

In­creas­ingly, young pro­fes­sion­als are mak­ing the jump from multi­na­tional com­pa­nies to home­grown tech houses

can gain cross-func­tional and in­ter­na­tional ex­pe­ri­ence.

Chi­nese na­tion­als like to be in­volved in busi­nesses’ de­ci­sion­mak­ing pro­cesses, pre­fer a faster work­ing pace and want more op­por­tu­ni­ties to ex­plore in­ter­na­tional mar­kets, all of which are be­com­ing more achiev­able at lo­cal com­pa­nies, said the head of hu­man re­sources for a multi­na­tional health­care com­pany, who asked not to be named.

“In multi­na­tional com­pa­nies, Chi­nese busi­ness lead­ers usu­ally take very op­er­a­tional roles” as op­posed to real lead­er­ship po­si­tions, the re­port cited a re­gional HR head at a global en­gi­neer­ing firm with op­er­a­tions in China as say­ing. Chi­nese lead­ers want to con­trib­ute their ideas but can feel con­strained by global, top-down de­ci­sion-mak­ing, the per­son said.

Mean­while, China’s emerg­ing tech houses, from taxi-hail­ing app Didi Chux­ing to TikTok op­er­a­tor ByteDance, have be­come the lat­est mag­nets to draw the at­ten­tion of tal­ented pro­fes­sion­als. The re­port found that one-third of busi­ness lead­ers are un­der the age of 35, as op­posed to just 20 per­cent in the over­all sam­ple.

They are also more likely to be grad­u­ates from the C9, a bloc of nine highly re­garded Chi­nese uni­ver­si­ties, in­clud­ing Ts­inghua Uni­ver­sity and Pek­ing Uni­ver­sity.

By choos­ing to work at a Chi­nese com­pany, lead­ers can ex­pect to have a more hands-on role in key de­ci­sion­mak­ing and cor­po­rate strat­egy — an op­por­tu­nity that is very ap­peal­ing to many busi­ness lead­ers, es­pe­cially younger ones who are still build­ing their ex­pe­ri­ence, said Lin Hua, gen­eral man­ager of LinkedIn Tal­ent So­lu­tions at LinkedIn China.

But Ge­orge Huang, chief hu­man re­sources of­fi­cer at SenseTime, a Chi­nese ar­ti­fi­cial in­tel­li­gence startup, cau­tioned busi­ness lead­ers at multi­na­tion­als to stay hum­ble and “think clearly about how to bring value to lo­cal com­pa­nies”.

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