Engagement Management Training
A man on a mission to transition from being an English speaking Consultant in the UK, to a Mandarin speaking Consultant in China, even though the market there hasn't quite matured yet. Nothing about this is supposed to be easy - and so it should be very interesting. Please read, and send me your comments on my thoughts and opinions.
Guardian Financial Pages
Management consultancies raked in a record pounds 2bn in revenues over the last quarter, figures out today show. The numbers will reinforce concerns about the costs of business advice to the NHS and other parts of the public sector.
The Management Consultancies Association (MCA) reported 9% growth in quarterly, year-on-year revenues. Stripping out the impact of new members and changes in the reporting system, the figure is closer to 16%.
Nearly half of MCA members complain they are so busy that they are struggling to recruit enough staff, while 80% are finding it hard to find employees with the right skills. New demand is centred on strategy, human resources and marketing.
The MCA believes the trend reflects optimism in the commercial world rather than more public-sector work. There are now 50,000 consultants working with stock-listed companies but increasingly with government departments also. This has swelled the coffers of advisory firms but raised concerns in the public sector.
Many NHS trusts are now being forced to cut directly employed staff in an attempt to reduce their deficits. There has been increasing criticism of the costs of NHS trusts' use of consulting firms. Dr Paul Miller, chairman of the British Medical Association's consultants committee, has called for a halt on the use of external management consultants in the NHS.
DROWNING IN THE TALENT POOLBy EMILY PATTERSON652 words 12 June 2006 China Business Weekly English Copyright 2006 China Daily Information Company. All rights reserved. While many soon-to-be graduates are bemoaning the lack of good jobs, many multinational companies are complaining about the lack of competent employees. "Lack of good talent is the single biggest issue that impacts companies in China today. Every company has problems," says Duncan Cunningham, director of the Shanghai branch of Aquent, a recruiting and consulting agency. How is an employee shortage possible in a country that will produce 4.12 million college graduates this year? The problem is quality, not quantity. According to a recently released report by McKinsey and Co, less than 10 per cent of Chinese job candidates have the skills to work in a foreign company. Many Chinese graduates lack practical experience, because university courses emphasize theory over work skills, according to the report. Multinational companies also complain that graduates are short on communication skills, such as the ability to speak English, and the confidence and assertiveness to work in a multicultural office. Not all experts agree though, Cunningham says. Aquent, which deals with companies in creative fields such as marketing and public relations, doesn't face problems recruiting new graduates. In his field, he says, mid-level managers in their late 20s and 30s are difficult to find. Either way, to cope with the shortage, most international companies go one of two ways: train their staff or hire experienced talent from another country. But neither option is perfect. Canadian John Chabot has made a business out of helping companies cope with the talent shortage. Chabot has worked in Beijing for two years helping Chinese employees learn the skills they need to work in multinational companies. Though Chabot teaches many business skills classes, he believes personal abilities are even more important, such as critical thinking, creativity, assertiveness, and intercultural communication. "It's one thing to learn a skill such as making presentations or conducting negotiations, but there is a big cultural background that Chinese employees have to learn." When Wang Beibei, a 28-year old graphic designer, returned to Beijing after earning a Master's degree in Sweden, she wanted to put her overseas education to use in an international company. Swedish furniture chain IKEA fit the bill, but in her first week of work, she and other Chinese employees received training about its "company culture". Yet she says that many locally educated Chinese - both managers and staff - have a difficult time with the company's Western-style, speak-your-mind policy. "For many Chinese, that's very difficult for them to do. People are afraid to speak out. They can't understand the policy, because in a Chinese company, if you are going to talk about the company's problems to the big boss, you would get fired." Other than training, multinational companies often choose to hire expats. As business expanded rapidly for advertising giant Ogilvy & Mather earlier in this decade, it decided to recruit locally instead of hiring abroad. But with the advertising market expanding by as much as 40 per cent a year, according to some estimates, the pool of potential local employees is no longer big enough. "Now the whole thing has been reversed," Chris Reitermann, Ogilvy's Beijing-based managing director, told the International Herald Tribune. "We hire many more expats simply because we can't get the quality locally. Good senior local people are as precious as diamonds." The number of expatriates working legally in China has doubled to 150,000 since 2003, according to the Ministry of Labour and Social Security in April. But bringing foreign talent to China is expensive, and many foreigners don't know the language or the Chinese market, says Cunningham, adding that despite these obstacles, the situation is improving. Recently, Chinese universities have started specialized courses and have begun co-operating with companies to help graduates get more hands-on experience. (Copyright 2006 by China Daily) |
Life has been good recently. I've reeled back my impatience and stubborn weekend studying, and have relaxed as of late. Bbqs last weekend, go-karting the week before, even a spot of ice-skating and having dinner with friends. And reading (shock horror) an English novel. (Da Vinci Code) All quite good fun really.
Here's a great advertising idea for charities. If I remember the stats
right, breast cancer is highly prevalent in women, and testicular cancer the
same in men. Back home women were being taught how to check themselves
(this is when the schoolboys snigger). They hadn't got round to educating
the men as to how to check themselves just yet.
Anyway, do click below - what a great idea. And click the male equivalent
as well while you're there!
Save Women: http://www.thebreastcancersite.com
Save Men: http://www.icr.ac.uk/everyman/
Dear All,
Please help...
The Breast Cancer site is having trouble getting enough people to click on
their site daily to meet their quota of donating at least one free mammogram
a day to an underprivileged woman.
It takes less than a minute to go to their site and click on "donating a
mammogram" for free (pink window in the middle).
This doesn't cost you a thing. Their corporate sponsors/advertisers use the
number of daily visits to donate mammogram in exchange for advertising.
Here's the web site! Pass it along to people you know.
http://www.thebreastcancersite.com
Thank you!
Yo
COUNTRIES and businesses in the developing and the developed world are facing a huge scarcity of human talent, according to Audrey Tsui, president and CEO of Global Competitiveness Management Consultancy.
'The demand for talent today is much greater than its supply,' she said. Speaking at a master class session at the 11th World HR Congress, Dr Tsui defined three types of 'talent': the skilled personnel, the professionals, and the executives.
She cited China and India as examples of the 'brain drain' syndrome, a phenomenon faced by many other developing countries, where the top students do not return home after overseas education. Almost 90 per cent of Chinese graduates and 80 per cent of Indian graduates who studied in the US chose to remain there.
The study also showed that India is facing an acute problem of skilled labour migration. The number of Indians leaving the country is 30 times more than those returning, said Dr Tsui. Although migrants account for only 2 per cent of India's population, their combined annual income equals 26 per cent of India's GDP.
This worrying trend prompted China and India to introduce initiatives to curb 'brain drain'. Shanghai, according to Dr Tsui, is a successful example of a city that puts in place several measures to ensure a constant supply of talent.
She listed three strategies of Shanghai's 'talent building' programme. First, Shanghai has specific policies to attract overseas talent, such as higher wages, improved immigration policy, and better living environment. So far, a foreign talent pool of 1.3 million people are drawn to the city, including international students and executives.
Secondly, Shanghai offers incentives to persuade Chinese students who went overseas to return, by offering them greater prospects for career advancement. Shanghai is also developing a local talent pool by identifying people with 'high potential'.
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