China Talent Trends
China, like many other countries, is suffering from an economic growth slowdown. Whether from uncertainty leading up to the US presidential election, Brexit, its transition to a consumer-driven economy or lack of access to top talent, China is facing challenges.
Slow growth has meant that employers aren’t hiring. Instead they are trying to get the most from their existing workforce. While intent to stay and discretionary effort have risen, they are still below the international average, signaling that fewer employees are looking for jobs elsewhere, but they aren’t giving enough to get employers the productivity boost they need.
To boost productivity with limited financial incentives, employers should consider recalibrating engagement strategies by prioritizing delivery on the elements of their EVP that matter most to employees, such as future career opportunities and compensation.