MERCER CHINA 2014 ANNUAL HR CONFERENCE WINNING THE FUTURE THROUGH TODAY S INNOVATION. September 23, 2014 Shanghai China

Transcription

1 CHINA 2014 ANNUAL HR CONFERENCE WINNING THE FUTURE THROUGH TODAY S INNOVATION September 23, 2014 Shanghai China

2 Economic Overview Global, Asia Pacific and China

3 World GDP and Inflation GDP goes up and Inflation goes down from 2013 to Emerging market and developing economies Inflation Emerging market and developing economies GDP World Inflation World GDP Source: IMF World Economic Outlook (April, 2014) 2

4 Shift in Global Business Landscape Driving corporate growth in Asia Pacific Asia Pacific vs. Developed markets Asia Pacific still leading the pack 2.0% GDP growth 1.1% GDP growth 4.3% GDP growth To cash in where the growth is today, and for the foreseeable future, Increasing focus on Asia Pacific Source: APAC Exec Brief, August, 2014, IMA Asia 3

5 Regional GDP, Inflation & Salary Increase 12% 10% 8% 6% 4% 2% 0% AU CN HK ID IN JP KR MY NZ PH SG TH TW VN GDP 3.0% 7.4% 2.5% 5.0% 4.9% 0.4% 3.6% 6.2% 3.3% 6.2% 3.2% 1.1% 3.8% 5.0% Inflation 2.6% 2.5% 3.8% 5.7% 7.3% 2.7% 1.5% 3.5% 2.0% 4.6% 2.1% 2.3% 1.7% 4.9% Salary Increase 3.5% 7.5%* 4.5% 10.0% 11.0% 2.1% 5.0% 5.6% 3.0% 7.0% 4.5% 5.9% 3.8% 10.7% Source: IMA Asia Brief Aug 2014 Mercer Global Compensation Planning Report 2014 July *Mercer TRS Surveys

6 Human Capital Index by Region Human Capital Index Health and Wellness Education Workforce and Employment North America Europe and Central Asia Asia and Pacific Latin America and the Caribbean Middle East and North Africa Sub-Saharan Africa Enabling Environment Overall index is unweighted average of the four pillar scores Scores are weighted by population; population data from United Nations Department of Economic and Social Affairs, World Population Prospects, rev Source: The Human Capital Report, World Economic Forum, 2013 The report is published in collaboration with Mercer 5

7 Human Capital Index - China Rank #43 Country Rank Score Switzerland Finland Singapore Netherlands Sweden Japan United States Malaysia China Thailand Russian Federation Indonesia Brazil Mexico Vietnam India Source: The Human Capital Report, World Economic Forum,

8 Population Demographics Gender Asia % 4.0% 2.0% 0.0% 2.0% 4.0% 6.0% Male Female Source: UN Population Statistics

9 Population Demographics Median Age Median Age of the Total Population (Years) India ASEAN USA Australia China South Korea Japan Source: UN World Population Prospects

10 China s Changing Demographics Age Group between Unit: thousand 250, , , ,000 50, The forecast of the future population adopts medium fertility rate assumption. Source: World Population Prospects: The 2012 Revision, United Nations 9

11 China on Track for Moderate Growth GDP, CPI, salary increase and turnover rate GDP CPI(Inflation Rate) Salary Increase Staff Voluntary Turnover st half year (E) 2015(F) Source : National Bureau of Statistics of China IMA Asia (Aug 2014) Mercer Total Remuneration Survey 10

12 China on Track for Moderate Growth GDP per capita China s Ranking of GDP per capita Year Ranking (F) (F) (F) 2015(F) 1. Source: IMF World Economic Outlook (April, 2014). 2. GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population. 3. For the ranking, there are 186 countries and regions with the data of GDP per. capita 11

13 China GDP Growth Rate Forecast 15 CHINA: GDP Growth by Component, % 12 Manufacturing Construction Services GDP Source: China Forecast Book, IMA Asia, 2014 Q3 12

14 China s Total Debt vs. GDP Raised rapidly since 2008 economic risk increased Source: Financial Times reported on July 22, 2014, citing estimates from Standard Chartered. 13

15 China Foreign Direct Investment (FDI) 40 China FDI Growth 2013 FDI Flow Growth Percentage(Year-on-year) FDI Outflow USD, Billion FDI Inflow -20 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q Outflow > Inflow Source : Ministry of Commerce of the People s Republic of China Source: World Investment Report 2014 United Nations Conference on Trade and Development 14

16 China PMI : Manufacturing and Services 55 PMI Manufacturing PMI Service Service Highest since Mar Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Manufacturing Down Again after 3-month up Source: HSBC September,

17 Innovation A Path to Transformation China has improved its innovation from 2013 to 2014 Global Innovation Index rankings Country/Economy Score(0-100) 2014 Rank 2013 Rank Switzerland United Kingdom Sweden United States of America Hong Kong (China) Japan China Russian Federation Brazil India Source: The Global Innovation Index 2014 Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO) 16

18 Summary China still has strong-to-moderate GDP growth rate in next 3 years. Economic risk is raising due to stimulation. China may become a FDI net outflow country in China is on the way improving its Human Capital Index and innovation ranking in the world, while the aging population will be a issue, China has to seek way to offset its negative impact. 17

19 New Technology Brings New Practices of Talent Management

20 Source: CBN Weekly

21 HR Revolution with business change Hiring Communi cation Learning & Developm ent Saving 20

22 From Graduates points of view Strong financial power Competitive benefits But lack of Innovative culture Inspiring leadership Attractive company products/services Innovative culture Fast promotion Job Security Performance-based bonus Fast promotion Entrepreneurship environment Grey area Compensation for overtimes Data source: Universum 21

23 Graduate Top 3 Preferences MNC SOE POE OWN-BIZ START-UP Data source: Universum 22

24 FIFA World Cup and Social Network 350,000 tweets Per day 62% out of 500 million 1,000 + million discussion Data source: Peel, emarketer 23

25 Revolution in Recruitment Channel 24

26 Revolution in Recruitment Channel 25

27 Once upon a time 以最饱满的诚意, 招聘最优秀的人才加盟, 共同谱写辉煌的未来! 我们将遵循公平 公正的原则择优录用, 同时提供具有竞争力的薪酬待遇和广阔的发展空间, 欢迎优秀人才积极报名应聘 26

28 And Now 他就是传说中最理性的感性的管理者 无论多少关键词都无法代表他的全部现在快加入 吧让我们一起创造属于我们的下一个神话! 希望有美感, 性格外向活泼敢想敢做, 梦想无限的亲们踊跃加入! 领导炫酷 : 工作时带领你, 指点江山帅你一脸, 不定期释放傲娇卖萌特技 只要你来, 绝不辜负! 27

29 Communication CEO Corner 28

30 Learning & Development 29

31 24 September

32 24 September

33 24 September

34 85%Chinese employees are not good at financial planning and investment

35 Smart Saving The new thoughts on Benefits Financial Management Seminar Investment Platform Smart Saving Customized Financial Management Solution Do not forget, you are an inflation-linked bond! 34 34

36 Leadership and Retention - Key to Business I have trust in Company Leadership, who has clear goals and is guiding the company in right direction Convenient Location Open door policy for complaints and appeals Company Culture Standardized Management Colleagues Relationship Democratic and innovative environment Team Building Activities Recognition for individual performance Health Issue Flexible Working Hours Data source: 2014 Mercer Retention Survey 35

37 Communication Transparency HR- Hiring Marketing Learning & Developme Innovation nt HR - Saving Finance 36

38 CHINA 2014 ANNUAL HR CONFERENCE WINNING THE FUTURE THROUGH TODAY S INNOVATION September 23, 2014 Shanghai China