|The war for talent in Asia is causing havoc.|
Wednesday, 22nd December 2010
Source : Bojan Tercon ~ WIT
As 2010 comes to a close, there is no doubt that there has been a remarkable recovery in the travel and tourism sector in Asia, which has been fuelled primarily by China, India and Singapore, all of which have seen some of the world's highest GDP growth in 2010.
Asia Pacific region has seen a 14% year-on-year growth in arrivals, where tourism arrivals are now exceeding pre-2008 figures. This confidence has injected a much-needed boost into the recruitment market, where companies are focusing on growing their employee base and not on retrenchment.
And what is all this leading up to? A war for talent in Asia, where a Chinese employee is willing to walk away from their job for an additional 500 RMB extra pay per month. That is US$75!
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