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Sambhar Mafia - Cooked To Kill!

Sunday, September 04, 2005

Some more India Vs China stuff

The Sunday Express feels that China has an acute shortage of quality manpower.

The ‘‘China miracle’’ has largely been powered by a cheap, ostensibly bottomless pool of labour, making the price of ‘‘made in China’’ products unbeatable. In the past few years, however, the inconceivable appears to be happening. China is running out of cheap labour, and precisely in the area of maximum manufacturing demand: the Pearl River Delta (PRD).

According to HR consultancy Hewitt, senior managers in China now receive between $ 46,000 and $ 54,000 a year, while top executives can expect $ 80,000 to $ 90,000 or more. Management consultancy McKinsey & Co estimates Chinese companies currently trying to expand abroad will need up to 75,000 internationally experienced leaders if they want to grow over the next 10-15 years. There are however only 3,000-5,000 such people available in China. INDIA, by contrast, is an HR firm’s dream, given its ample supply of English-speaking, globe-trotting, western-style educated managers, with considerable experience in the private sector.

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