One urgent step Chinese businesses need to take to meet the challenges of their overseas counterparts is to improve their human resources (HR) management skills and development level, Zheng Zhihai, dean of the China International Trade and Economic Cooperation Academy said in Beijing last Friday.
The dean made the remarks at the China-Japan Symposium on the training of talented professionals. He said competition for skilled staff brings the most immediate challenge Chinese businesses face following China's World Trade Organization (WTO) entry.
According to Zheng, China's HR management levels are still way behind that of developed countries. Furthermore, China is facing many challenges in competing for skilled professional staff since WTO entry.
The scarcity of skilled professionals and the brain drain are two of the most urgent problems China faces, Zheng said, noting that Chinese businesses lack professional staff with specialized skills, especially experts in international trade who are well versed in WTO rules and entrepreneurs experienced in business management.
The many overseas multinational companies in China like to employ local people, which makes it harder for Chinese businesses to find skilled professionals.
During an age when knowledge-based economy rules, human resources and the cultivation of a business culture are central to business development, said Zheng, pointing out that Chinese businesses lack feasible incentive and self-regulating mechanisms.
He hopes Chinese businesses will improve their HR management and create a healthy and growing environment for skilled professional staff.
(Xinhua News Agency March 18, 2002)