HRO Today Global Winter 2018 - 30

APAC Report
Competing
for the BEST
Organisations in Asia are adapting to stay competitive in a tough talent
market.
By Marta Chmielowicz
The Asia-Pacifi c region is home to 4.5 billion people-
nearly 60 per cent of the world's population. Consisting
of fi ve countries that rank amongst the top 15 largest
economies in the world-China, Japan, India, South Korea,
and Australia-and featuring a robust annual GDP growth
of 5.5 per cent in 2017, the region presents some of the
best opportunities for business expansion and growth.
However, whilst the dynamic, diverse, and highly
entrepreneurial nature of APAC countries make them a
key driver of the global economy, these same qualities
present unique challenges to organisations operating in
the region. Faced with wide cultural diversity; varying
levels of political, economic, and infrastructural maturity;
and profound talent shortages throughout the region,
businesses that wish to succeed in APAC need to adopt
new strategies to take advantage of this area's many
opportunities.
[30]
HRO TODAY GLOBAL
|
WINTER 2018
Contending with Talent Shortages
As the economies of countries that make up the APAC
region continue to grow and become increasingly modern,
more and more companies are seeking to break into the
market and expand their existing operations. However,
these organisations face the risk of crippling challenges
sourcing, recruiting, and retaining talent.
According to Caleb Baker, managing director of Asia
Pacifi c and emerging markets at Alexander Mann
Solutions, " Changing demographics, technological
evolution, and a world prone to political, economic, and
social shocks have created a global environment in which
talent shortages are the rule rather than the exception. "
These talent shortages are particularly pronounced in the
area's hottest industries. " Many of today's most soughtafter
specialties, such as cloud computing and mobile
app design, did not exist a decade ago. This disruption

HRO Today Global Winter 2018

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