Zhao Wei: Talent shortage in China’s luxury brand sales
Posted in Global on February 3rd, 2011
BEIJING - Many makers of luxury brands that aggressively expanded in China in recent years are finding themselves caught up in a shortage of skilled management.
“Although there is a comparatively sound management talent supply channel for luxury brands in Beijing and Shanghai, the talent shortage in second- and third-tier cities is very serious,” said Zhao Wei, an executive recruitment consultant with Antal International.
In Beijing and Shanghai, the talent supply has matured because they are the key cities where luxury brands started to open stores in China.
In second- and third-tier cities such as Tianjin, Shenyang and Hangzhou, store managers selling luxury brands come from a variety of fields, including the hospitality and cosmetics sectors. It’s very hard to find the right people for this position, Zhao said.
Please read the rest of the article on China Daily web-site
Antal market update: Singapore
Posted in Global on February 3rd, 2011
Robert Maguire looks at recruitment trends in Singapore in 2010, and offers his predictions for growth in 2011
2010 - a good year for Singapore
With Singapore being the first major Asian country to go into recession, it has also recovered quicker than others, experiencing a V-shaped turnaround. 2010 was a good year for the Singapore market, growing at a steady rate. The latest Antal Global Snapshot survey revealed a high level of recruitment in Singapore with 79% of companies hiring - a big improvement from the 53% recorded in June. This is coupled with one of the lowest firing levels in the region at 25%. Singapore is also one of only a couple of Asian countries that isn’t predicting a rise in the number of businesses letting staff go - another indication of a strong and stable employment market.
Please read the rest of the article on Changeboard web-site.
David Palmer’s review of “How They Blew It…” by Tony Goodwin
Posted in Global on February 3rd, 2011
Source: Louise’s UK Recruiter Blog
Recently I was offered a copy of “How They Blew It: The CEOs and Entrepreneurs Behind Some of the World’s Most Catastrophic Business Failures” by Tony Goodwin and Jamie Oliver . David Palmer of Vacancy Clearing offered to review it and here is his review:
When I was given the opportunity to review this book I was filled with negative preconceptions. Pre-Christmas marketing! Shallow research! Tony Goodwin? Why was Tony Goodwin involved? I was going to write a withering review that would banish it to the farthest reaches of book space. Well I couldn’t have been more wrong! I read the book in a couple of sittings and found it a fascinating introduction to a subject I will now explore further.
The book covers the lives of 16 well-known entrepreneurs from their initial success and spectacular rise on the world stage to their inevitable downfall. Some died prematurely, some committed suicide, some languish in prison but all suffered the same ignominy and fate - failure.
Please read the rest of the article in Louise’s blog on UK Recruiter web-site.
Antal: Global snapshot survey
Posted in Global on February 3rd, 2011
A regular Antal global survey of hiring and firing trends across the world has found job prospects for professionals and managers in the UK are on the up – with hiring at the highest levels, according to a survey on hiring and firing trends carried out by ‘Global Snapshot’.
Please get more details in the following editions:
Graeme Read confirms MBA jobs market analysis
Posted in Global on February 3rd, 2011
There’s been a marked upturn in vacancies for MBAs, writes Matt Symonds. Is this a light at the end of the global economic tunnel?
According to Becky Joffrey of the Tuck School in New Hampshire, more and more Fortune 500 companies are now hiring international MBA graduates, not for head office roles in the US or Europe but to return to their own countries. “Corporate America has got the message that global growth requires talent with in-depth knowledge of the language, customs and geography of other parts of the world,” she says. She points to a student recruited by Cargill to run its Indian operations out of Singapore and two who joined Samsung to train in South Korea and then return to their native countries of Israel and India.
Joffrey’s analysis of the jobs market is largely confirmed by Antal’s group managing director, Graeme Read. “While the hiring of managers and professionals is up overall from 53% to 54% since January, it now stands at 65% in Brazil, 72% in China and 73% in India. One of the main reasons for this is the move away from the conventional expatriate model. Until recently many developing countries accepted the need to import management expertise from the West. Now they want to take control themselves, which has led to a focus on locally born professionals who have trained at a recognised business school. Consequently in countries like China and India, the ‘returner’ is becoming one of the most sought-after commodities in the talent market.”
Please read the rest of the article on Business CNBC web-site.
