SMEs get better opportunities to hire talents
According to the head of a global recruitment agency, as a result of the worldwide financial crisis, staff layoffs at a number of multinational companies (MNCs) in the country should present an opportunity for small and medium-sized domestic enterprises (SMEs) to grab whatever talent they can.
CEO of Antal International Tony Goodwin noted that the SMEs should do so before the MNCs realize the potential of Chinese economy and start to rehire next year. In an exclusive interview by China Daily, he said hiring people will offer greater long-term benefits than firing. Corporate executives should consider formulating “long-term” human resources strategy during these uncertain times.
In China, US companies tend to react a little more aggressively to the effect of global economic downturn in reducing their workforce, according to Goodwin. In contrast, domestic and European multinational enterprises keep more restrained attitudes toward the unfolded crisis. And such kind of conservative approach is a wise one because of the underlying strength of the lager developing economies, especially China.
The fact that some MNCs are now firing people would probably cause problems for themselves in coping with the growth of business next year. However, they have provided great opportunities for small and medium-sized companies to recruit many talents they never found before. “If the financial crisis had not had happened, the smaller companies would never have stood a chance of competing with the big corporations for top managers,” said Goodwin. With so many talents, SMEs like BPOVIA in Nanjing is becoming much stronger and more effective.
He also noted that foreign companies can accelerate their localization instead of firing people to save costs. That is to hire more Chinese managers rather than bring people from their own countries.
Liew Mun Leong, CEO of Singapore-based MNC CapitaLand said the firm will have a 100 percent Chinese management in 2009.
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