19 November

Fast Facts: Skills Gap in China

LOCAL TALENT SHORTAGE IN CHINA

In March 2019, Hays PLC, a global recruiting agency, found that 30% of Chinese companies aren’t confident that they can find local talent to meet their needs. This is an 18% increase from 2018. The Chinese government predicts that by 2020 the country will be short of 3 million industrial-robot operators.

gray table saw

CHINA’S ECONOMY SUFFERING BECAUSE OF THE SKILLS GAP

woman working on machine

Photo: Meritt Thomas

According to McKinsey, if China does not bridge its skills gap by 2020, then it will cost the country US$250 billion (about 2.3% of its GDP).

WOMEN IN THE CHINESE WORKFORCE

Although China has one of Asia-Pacific’s highest labour force participation rates for women, it has been declining since 1990. According to Catalyst, a global non-profit for promoting women in the labour market, this is because of China’s economic reforms, which have created setbacks for women, including:

  • Diminished employment opportunities for women.
  • A widened gender wage gap.
  • A lack of childcare options.
  • A resurgence of traditional stereotypes about women’s work.

In 2018, women made up on 9.4% of board of directors from publicly traded companies in China.

29 November 2019
Kazan Declaration: AVAILABLE TO READ
Kazan Declaration: AVAILABLE TO READ

LOCAL TALENT SHORTAGE IN CHINA In March 2019, Hays PLC, a global recruiting agency, found that 30% of Chinese companies aren’t confident that they can find local talent to meet their needs. This is an 18% increase from 2018. The Chinese government predicts that by 2020 the country will be short of 3 million industrial-robot […]

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