Domestic firms attracting bulk of talent
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”.