hro summit presentation (singapore may 2010) by dr chris chan

8/8/2019 HRO Summit Presentation (Singapore May 2010) by Dr Chris Chan

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2010HROSummitSingaporeKeynotebyProfessorChrisChan

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TalentinaResurgentAsia BigTrendsina

BigMarket

Professor Chris WH ChanProfessor Chris WH [email protected]@gmail.com


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EmergingAsia

The fastest growing economy in theworld 11.9% Q1 YOY growthGovernment stimuli and hot money

ChinaandHongKong

rove omestic eman in ast 2 yearsOverheating or buoyancy?!Sustainability - in the face of currency

dispute, sourcing challenges, assetbubbles, inflation, etc.Chinas outbound investment andtransformation from OEM to OBM

,management, branding, logistics, andinfrastructureI see opportunities in:

Sustainability businessBrand export and integrationFinancial marketsBusiness of hospitality


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Sizeable economy with fragmented markets An amalgamation of different economies atvarying stages of development

SoutheastAsia

focus on SEA

Economy overshadowed by China and India

Growth patterns increasingly linked to Chinaand its domestic demand growth

A huge population of about 550+ million withrising wealth

A great consumer story with great potential

consumer goods, healthcare services,hospitality and tourism, financial services, etc.

Abundance of natural resources (eg., oil andgas), plus special connection with middle east

The region has its own compelling caseand is becoming an increasingly activemarket

The Indian economy has grown from $32billion at the start of the 1980s to morethan $1 trillion today

India

urgeon ng m ec ass an anincreasingly selfsustained economyStronger and more versatile in globaleconomyRapid development in rural areas withpockets of prosperity, vs. China in urbandevelopmentUrban planning has largely been a disaster New Delhis city plan for 2001 to 2021 didnot get approved till 2007Distinct indigenous characteristics, and afiercely entrepreneurial spiritDominance of family owned and controlledbusinesses, passed down generations


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Economy full speed ahead

According to McKinsey, Mumbai metroregions GDP will pass Portugal, Colombia

Whatis

Ahead?

an Ma aysia y 2030

Infrastructure remains a hot topic in India $6.3 billion raised in Bombay exchange forpower projects and some for roads

Shifting to nonBPO businesses as key toGDP growth, but outcome uncertain

Ample opportunities to piggyback on

government growth policiesMega opportunities transportation,infrastructure, tourism/recreation, & socialinfrastructure (health care & education)

For instance, India aims to become top fivepharmaceutical hub by 2020


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Financial Services greatest increase in hiring expectation

Demand for front office sales professionals, &

China TremendousRiseinHiringExpectation

HiTech dramatic increase in hiring expectation

Recruiting staff for positions after extensiverestructuring

Growing demand for experienced sales professionals

Consumer positive forecast on headcount growth

Consumer confidence buoyant with increasing pace of

Manufacturing slight rise in hiring expectation

Demand for technical and operational roles in generalmanufacturing and chemicals

Growing demand for supply chain and logistics roles inFMCG manufacturing

China TremendousRiseinHiringExpectation


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HongKong

Sharp

Rise

in

Hiring

Expectation

HongKong SharpRiseinHiringExpectation


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HongKong

Local

Talent

with

InternationalExperienceConsumer&manufacturingsectors localexperienceandknowledge

arevalued

HongKong DevelopingLocalTalent


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And

MakingCounter

Offers

Financial Services substantial rise in hiring

expectations

Lifting freezes and actively recruiting again

SEA RapidRiseinHiringExpectation

to front office

HiTech rapid rise in hiring expectations

Global IT companies are expanding their

Asian operations

Strong demand from public sector clients

A competitive advantage by maintaining

spending

Manufacturing optimistic environment

Demand for specialist staff as onhold

projects are going ahead again

Consumer slight decline in recruitment

expectation

Consumer spending has not yet returned

to precrash levels


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Singapore Rapid

Rise

in

Hiring

Expectation

FindingLocalTalentFS difficult to find locally developed talent for senior positions

Consumer & hospitality new projects helped develop local talent


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LatestRegional

Figures

KeyEmergingSectorsinIndia


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BusinessofHospitality


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RealEstateProfitabilityinAsia


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Q&AQ&A

Professor Chris WH ChanProfessor Chris WH [email protected]@gmail.com

hro summit presentation (singapore may 2010) by dr chris chan

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