Recruiting the right talent is every becoming every HR manager’s nightmare. AS Asia faces a talent crunch in the face of growing competition, we find India might just emerge ahead of China.
A recent report by Mc Kinsey says that – India is not only producing more young professionals, it is producing better qualified ones, too. According to a survey of local recruiters, only 10 percent of China engineers have the skills necessary to work in a multinational corporation, compared to 25 percent of engineers in India. By 2008, India’s total pool of qualified graduates will be more than twice as large as China. If Indian universities continue to churn out top-notch talent, its younger, cheaper, and larger professional workforce could help India edge out its neighbor to the east.
Source: Mckinsey Global Institute