HRM587 Managing Organizational Change

Companies like HP (Hewlett Packard) are very encouraging about talent acquisition, but they are very reluctant in taking Chinese graduates while establishing their branches in the country. As presented in the assessment and evaluation of Hewlett Packard in China suffering due to lack of talent it's quite true because Chinese graduates considerably lack effective communication and understanding of business processes. Although as indicated by Schmidt, (2011) in the Harvard Business Review, stating that there are companies who have been hiring from China's most prestigious universities for more than a decade. Although in the present scenario acquiring talent in emerging markets has been a challenging aspect for western multinational companies. This has not been the situation forever as many companies have operated for years and enjoyed the advantages of doing business with Chinese people. Therefore, the main thesis is based on presenting arguments against the statement made in assessment A, which shows that China lacks in talent. 

In the previous decades, Chinese local workers would work increasingly in the Western multinational companies, which helped them in acquiring higher status and opportunities for developing their career. Although in the present situation, Chinese local workers are preferring to work with domestic employers, because of huge shifts in attitude among talents in China. 

Therefore, it can be said that China lacking talent is not entirely true. This is because China's enormous wealth and political will have changed the attitude of Chinese local workers. The country wants to become an innovative leader being at par with other countries which have resulted in its recent propelling success in technological fields leading behind U. S. 

Nevertheless, in case of attracting talent and thriving in the China market, the Western multinational companies must develop their competencies as well as bring technological advancements. The other aspects that multinational companies must analyse is that talent scarcity can be different in each country. In the case of China, the talent scarcity is completely different, and it does not mean that they do not have talent, instead they have talents that are leading China to global dominance. The steps taken by multinational companies in hiring new graduates is wrong, as the median age of China is 37 in the year 2020, which is due to the one child policy of China(Gua and Gallo 2017). Therefore, multinational companies should look forward to hiring older experts and experienced people rather than only targeting younger talents(statista.com 2021). This will help them survive in the China market as younger talents are preferring domestic companies. Apart from that, the employee engagement in Western multinationals in China is very low, which leads to increased employee turnovers. 

References

Guo, X. and Gallo, F.T., 2017. Multinational companies in China: Navigating the eight common management pitfalls. Emerald Group Publishing.

statista.com (2021). Available at: https://www.statista.com/statistics/232265/mean-age-of-the-chinese-population/ (Accessed: 22 June 2021).

Schmidt (2011). Available at: https://hbr.org/2011/03/the-battle-for-chinas-talent (Accessed : 22 June 2021).

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