Source:www.chinadaily.com.cn
China's economic transition is creating huge opportunities for global workforce solutions providers like Manpower Group Inc, according to Zhang Jinrong, the vice-president of the company’s Greater China Region business.
Manpower moved its regional headquarters from Hong Kong to Shanghai's financial hub Lujiazui in 2015, becoming the first global human resources company to set up in the East Chinese city's free trade zone.
Zhang is fully confident that this investment in the Chinese mainland market will soon pay off. He says he expects Manpower's business growth in the Chinese market to accelerate in the coming years, and could possibly overtake the business in the US.
Shanghai offers the perfect base to explore these opportunities, Zhang believes, due to the city's favorable location, good infrastructure, quality government management, advanced technology, and its appeal to talented people.
China's need for a large number of talented personnel to fill roles created by its rapid economic transition gives Manpower a unique advantage, because it is able to help employers look for both Chinese and overseas talent, Zhang explains.
The company first arrived in China in the 1990s, when multinationals began to set up branches in the Chinese mainland.
Manpower China now has more than 5,000 clients, and it is able to provide its clients with enormous resources.
The company recently helped a shipping group enter the Chinese market by recruiting nearly 4,000 staff from more than 100 cities across China in less than six months.
The HR giant also helped Lujiazui Financial City Development Bureau, a newly-established administrative institution, hire a number of management professionals in July.
However, as Chinese companies become increasingly powerful, Manpower is finding that it is gaining more and more business from domestic enterprises looking to expand overseas.
Manpower offers Chinese companies looking to develop overseas consulting services about the target country's policies and laws.
It is also able to help them launch job fairs overseas, as it has 2,900 branches in more than 80 countries and regions across the globe, says Zhang.