Lack of talent” is the first challenge faced by many overseas companies.
Chinese enterprises are increasingly a force globally. However, factors hinder their expansion. Notably, diverse talent shortage and weak project management impede overseas success. Enterprises grapple with a lack of comprehensive talent management aligning with rapid business development. Complex structures, low efficiency, and poor overseas branch management obstruct company growth.
Transitioning to hiring diverse talent overseas demands specific considerations. It requires understanding local talent markets and building quick trust. Additionally, comprehension of local laws and regulations is vital for compliance management.
Comrise’s research highlights challenges in overseas recruitment. Over one-third of companies face issues in legally employing diverse people across different markets. Concerns also revolve around diverse talent recruitment channels and attracting outstanding local talents.
“As early as 2016, we began serving Chinese companies that are ‘going global,'” said Helena, the Asia Pacific Marketing director of Comrise. “From the perspectives of agile management, simplifying the recruitment process, reducing costs, and avoiding legal risks, for many overseas companies, entrusting hiring to a high-quality service provider is a more comprehensive choice.”
Recruiting and retaining international talents pose significant challenges.
The Chinese market is evolving into a more mature and international arena. Whether multinational companies enter or local companies venture abroad, the demand for international talents is a common thread. For Chinese companies with a global vision, recruiting and retaining talents has consistently presented a formidable challenge. Today, this challenge is more pronounced than ever.
Comrise’s “2023 Enterprise Overseas Insights and Prospects White Paper” highlights these prevalent issues. Chinese companies expanding overseas encounter considerable challenges in cultivating and retaining local talents, localizing talent operations, international talent management, and managing salary accounting and payments.
The demand for international talents is rising; experienced managers are scarce. A robust global talent team is crucial for competitiveness. Challenges like inaccurate positioning and planning, delayed acquisition of outstanding talents, and the need for robust overseas talent development impede Chinese enterprises’ progress in global markets.
Identifying and developing diverse talent is crucial.
While offering global resource solutions to state-owned and private enterprises, Comrise has identified challenges in the processes of “sending out talents” and “recruiting talents.” Many companies face difficulties in managing talent overseas. Additionally, a significant number of companies lack knowledge about global salary and benefits control and global performance management.
A global enterprise’s culture should embrace diversity, incorporating both local and global elements, and establish positive relationships with local governments while staying abreast of industrial globalization trends.
Best Practice Cases
Comrise has played a pivotal role in enhancing multinational talent acquisition capabilities for some of the world’s leading logistics groups. This involves a systematic analysis of international talent competency management, encompassing competency standards, assessment tools, training and development systems, etc. Comrise assists overseas companies in building a comprehensive global management talent training and development system.
At Comrise, we offer tailored solutions for the full-time, part-time, direct-hire, contract, and permanent talent that your business needs. For 39+ years, we have delighted our clients and candidates by focusing on customer satisfaction, innovation, and flexible workforce solutions!