Analyzing the Raise of Chinese Human Resource Management
Lets analyze production a can of soda. While production costs in China account for only $0.18-0.19, United States production costs reach $0.70. At the same time, entrance into the World Trade Organization and focus on global market go hand in hand with the increase in standards for goods and services produced. Given the direct relationship between quality of products produced and company's ability to retain talent workforce through effective human resource practices, the issue of labor turnover becomes a critical factor of the HRM strategy undertaken by a company.
As reported by scholars, the present situation in the labor market in China is healthy and stable. As reported by the Current Employment Statistics (CES) survey, the payroll employment increased by 2.1 million in 2004, which accounts for the first gain since 2000. Payroll employment remains stable - 97,000 below the peak level reached in February of 2001. Job Openings and Labor Turnover Survey points out s light increase during 2004; however, it is still considerably below the pre-recession years. In this survey, the total number of hires and separations that occurred monthly alongside with the number of job openings was measured.
At the same time, China Employee Attraction and Retention Survey 2004 reports that companies in China are having significant difficulties in trying to sustain the labor force in China. Survey covered 24 percent of companies from high tech industry, consumer industry accounts for the share of 19 per cent, chemical industry for as much as 14 per cent, pharmaceutical - 11 percent, automotive - 8, and service - 6 percent. As much as 54 per cent of all organizations confirmed an increase in labor turnover from previous years when it comes to professional and highly skilled staff. Companies covered in the survey use different strategies to sustain staff: 83 per cent of all companies employ health care and insurance benefits, 41 per cent provides health and fitness plans, whereas 24 percent offer flexible working hours. Interestingly, only 21 per cent of all organizations offer supplementary pension plans, and only 10 per cent offers subsidized loans.
Related Tags: china, workforce, human resource management, labor market, trade organization
Jennifer Burns is a freelance academic writer at Custom-Writing.org, essay writing and editing services. Jennifer has completed a number of custom student assignments including MBA level essay writing. She is now willing to share own writing skills and expertise with students.
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- 5 Reasons That a Restaurant Should Use a Restaurant Recruiter
Have you ever noticed how many restaurants pop-up over time but then disappear just as quickly? Runn - Does Money Motivate?
Some say money can't buy happiness, but data shows that for those who can barely pay the monthly bil - Because Workforce Friendly Policies Payoff
Employer-sponsored wellness programs are becoming more popular as companies strive to maintain a hea - EAP Value
Life would be simpler if we could set aside our personal issues and emotional baggage when the workd - Hiring an Expert SEO Company to Improve Your Online Business
Search Engine Optimization or SEO Services are used to make your website or online business popular - Why Safety Training at Workplace is Important
Safety training at workplace should be one of the top priorities of your business. An effective safe - Team Building: Brain and Sweat to Attain Company's Central Goal
Are you one of those employees branded ineffective and unproductive? Reasons might be the sense of d - Security Alarm System
It is a must that houses and offices install a security alarm when we speak about safety reasons. Se - Workplace Safety Tips
When we speak of safety based on books, its importance is next to food. It is essential to all indiv - The Benefits Of Lease-to-own Properties
One of the hit real estate investments today is to buy properties that will later be put up as "leas
Most viewed articles in this category:
- A Map Mural for Your Business
Yay! That retail store you've been planning has finally opened its doors and you are officially in b - Attracting Customers Through An Improved Shopping Experience
So many new shopping malls and supermarkets are put up every year. Many more are already in business - "To Oz!": Leading a Resilient-High Achievement Organization
One of my favorite movies is "The Wizard of Oz" based on the book by Frank Baum. The story is about - 5 Critical Items Never to be Included in Cost Benefit Analysis
When dealing with decisions using Cost Benefit Analysis techniques it is very important to follow th - Collaboration and Change
I’m an expert on change and leadership, but my most popular speaking topic this past year, and - Workplace Gap
In your workplace, are you a manager with a smart group of people and they aren't responsive to your - Leadership - The Proper Relationship with Subordinates
In the army, "the men" are kept separated from those known as "the officers." This comes from the id - The 10 Most Asked Questions of Cost Benefit Analysis
When dealing with decisions using Cost Benefit techniques it is very important to follow the proven - Cubicle Space Planning
Space planning is an essential element of any project and efficient planning serves the dual purpose - Why Passenger Surveys are a Transport Operators Best Friend
Public transport operators who already use passenger surveys may not fully appreciate the multiple b