In recent years, the traditional business model for all industries has remained stable. In order to create new businesses and expand markets, companies are demanding more from existing human resource structure and talent management systems. Companies are willing to invest more in evaluating and improving organizational effectiveness, attracting and maintaining top talents as well as educating talents who exhibit great potential. Additionally, traditional human resource management systems are finding it increasingly difficult to adapt to the ever-changing demands of the market.
Cloud computing, AI, robotics and other new technologies will greatly challenge traditional human resource management methods. For future human resource management, the HR department will be required to understand the business operations of its company and exert influence on its business departments.
Meanwhile, in second and third-tier cities like Chengdu, Wuhan and Zhengzhou, the existing talent pools cannot meet the demands of most companies. These companies have to look for candidates from first-tier cities like Beijing, Shanghai, Guangzhou and Shenzhen where professional opportunities, education, connections and market resources are abundant. First-tier cities remain the best place to live for candidates who want to have a successful career.
Considering the international environment and China’s policies which support independent brands, an increasing number of human resource managers are uncertain about whether to work for Chinese or foreign companies. It is apparent that Chinese companies are going to make a great impact in the international arena.