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Best Employers in Asia2003: China Learnings from The Best A Best Employer Believes that people are central to the organization’s success is strong and effective in executing people issues Makes business decisions with their people in mind. Employees in Best Employers contribute with the business in mind. They: Feel strongly engaged in their work with the organization Clearly understand the direction the business is taking Behave in ways that are clearly aligned to the organization’s business goals The Context:There is a Talent Shortage in China! The ContextCompensation Costs are Escalating! The Context:There is a Leadership Talent GAP While companies report strengths among local leaders such as strong analytical skills and effective execution of short term goals, they are also concerned that soft skills including longer-term thinking, comfort with ambiguity and uncertainty, and innovative problem solving are not what they need to be The Context:Turnover is Rife! The Context:Engagement Levels are Low! Average of All China Best Employer Respondents 2001 47% 2003 54% The Best Employers in China Grow More Profitably It’s the Same in North America ... It’s the Same in Asia and Australia Best Employers are better able to achieve Sustainability Sustaining Customer relationships - ability to build and nurture key customer relationships through unrelenting focus on service and delivery Leadership - ability to attract and retain a continuous pipeline of effective talent Knowledge Creation - ability to foster open and innovative culture that helps create new knowledge for future growth and returns Knowledge Retention- ability to retain the knowledge created by employees by retaining key talent and institutionalizing learnings What’s Different About Best Employers? Higher Engagement at The Best! Retention and Attraction: Best Employers Do Better Employees at The Best Happier withPay Benefits Best Employers are Better Led! Best Employer Differentia
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