IBM recently announced the findings of a new study which concludes that in order for multinational companies to succeed in
Human Resources Challenges
The study also revealed that multinationals face a severe and growing talent shortage in
In order for multinational companies to grow, survey respondents indicated they will need to build their internal talent pipelines. This includes, for example, developing deeper partnerships with universities and vocational colleges to build and gain preferential access to a pool of talent that can be groomed with the skill sets needed to pursue mass markets.
Despite some marketplace perceptions of a "glass ceiling" limiting Chinese professionals from rising to management positions, multinational companies are reporting high levels of management staff localization, particularly in operational roles such as sales, logistics and manufacturing. This trend will increase as companies seek to scale up operations cost-effectively and gain the local market insight needed to pursue mass markets.