This Week's Herman Trend Alert Cyberbullying---a Growing Problem

The Herman Trend Alert December 19, 2007 China's Future Labor Market Over the past decade, China's annual GDP increase has been nearly ten percent and for 2007, that growth is nearly 12 percent. We have watched this growth with interest and concern. China's striking rise to prominence is evident in many ways. Few expect that Chinese economic growth will slow substantially anytime soon. Many of the developed countries have felt significant losses as the Chinese economy has prospered. However thanks to the Adecco Institute White Paper, published this month, we have a better understanding of China's situation. China is not without its own list of major challenges: a significant and growing shortage of skilled workers, "massive economic transition, increasingly unequal income distribution, high unemployment, economic imbalance such as rising inflation, and a fast-aging workforce" (see TA from 12/3/03 entitled, "Global Demographics") are already beginning to have a detrimental effect on its national labor market. Moreover, as time passes, these challenges, if not addressed appropriately, will limit economic growth. Back in 2005, we began covering China's labor shortage (see TA from 11/30/05 entitled "Attrition is an International Problem "). "Of all China's worries, there is little doubt that the growing shortage of skilled workers---leading to severe recruitment and retention problems---is one of the most pressing." It is surely at the top of foreign and local business interests. Certainly, the continuity of economic growth in China, and the sourcing of products there by foreign and national firms, will depend on the ability of Chinese firms to recruit and retain skilled workers, as well as their making productivity improvements. (see TA from 6/20/07 entitled "Global War for Talent") "China is (currently) at full employment for skilled, technical, and managerial talent." In research conducted for the Adecco Institute, the Shanghai Academy of Social Science found that China's labor market faces 5 to 10 year supply constraints in five key areas of skilled labor: "management talent, English language skills, Research & Development personnel, senior and secondary technically skilled workers, and holders of professional certificates". China's continued growth will depend on employers' addressing these critical issues. In a subsequent Herman Trend Alert, we will address its recently instituted labor reforms. On 17 and 18 of January, Joyce will deliver her first workshop in Hong Kong. Titled "Advanced Talent Engagement", it will assist Chinese firms in addressing these critical issues. BONUS: Mention that you are a Herman Trend Alert subscriber and receive a 10% discount. Hurry, space is limited. Contact Jennifer at jennifer@uninetintelligence.com or 65 6825 9630. © Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Roger Herman and Joyce Gioia, Strategic Business Futurists. (800) 227-3566 or http://www.hermangroup.com. The Herman Trend Alert is a trademark of The Herman Group, Inc." DISCOVER WHAT’S REALLY GOING ON... in the hearts and minds of your employees. Our InnerViews interviewing service uses SPHRs and PHRs, certified human resource professionals to probe for the information you really need to know. Exit and Stay Interviews, as well as Why-Didn't-You-Take-Our-Offer Interviews. Call Rosalie Catalano at 937-416-7066, or read more at: http://www.hermangroup.com/retentionconnection/exit_interviews.html. MOM ALWAYS TAUGHT IT WAS GOOD TO SHARE You have probably subscribed to The Herman Trend Alert for a while now and you know how valuable it is to you. Why not suggest that your friends sign up at http://www.hermantrendalert.com? Join the thousands who subscribe in 87 countries around the globe. Are there particular topics you'd like to see covered? Let us know and we will research "The Future of. . .". And let us know how else we may serve you? E-mail: joyce@hermangroup.com. YOUR EMPLOYEES NEED THEIR LEADERS MORE THAN EVER Help your leaders to excel. Thousands have used our weekly Lessons in Leadership to help their supervisors and managers remember how to hold onto top talent. The 52-week subscription is only $47, a bargain when you think about the savings to your organization in reduced turnover. 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