Despite the optimism surrounding future growth opportunities in Asia-Pacific, CEOs consistently cite talent as a critical pressure point. Several forces are significantly changing the workforce dynamic in the region: demographic shifts such as declining population growth, rising people costs, large-scale skills mismatch and a shortage of qualified employees.
As the talent market in the region continues to evolve, particular challenges have arisen for companies in terms of attracting talent, retaining and rewarding employees, and people processes and systems. These challenges have resulted in many organisations being trapped in a talent spiral of ever increasing cost, which ultimately impacts bottom lines and shareholder value.
To help organisations respond to the challenges raised, Asia-Pacific organisations need to do more to develop and execute a strong, differentiated employee value proposition if they are to attract the best talent in the market and engage their existing talent.
Rethinking talent management and deployment in Asia Pacific (10 May 2012)
This webcast will be available until 9 Nov 2012.
Speakers: Maureen Jeganathan Arm, Associate Director, PwC Singapore and Abu Shaiful Amin, Senior Manager, PwC Singapore
To listen to this recorded webcast, please click here.
We collected data from more than 240 organisation entities representing 11 industry sectors. Adopting a consulting-led approach, we posed qualitative questions to these organisations to glean insights on best practices.
“The central challenge facing us is how to transform our corporate culture to a more open one. As recently as 10 years ago, we were intent on recruiting the best talent from around the entire country. But we experienced some setbacks. We hired experienced, talented people and gave them large salaries. But did we retain them? No.”Source: PwC 15th Annual Global CEO Survey 2012
“We have now radically changed that by developing a global HR training process to screen potential candidates and send them abroad to gain work experience for a year, beginning in 2012.”Source: PwC 15th Annual Global CEO Survey 2012