Morgan Philips was invited to participate in the 2022 Global Talent Mobility and Development Forum at the 5th China International Import Expo and Hongqiao International Economic Forum on November 7th, hosted by the Ministry of Commerce, Center for China and Globalization (CCG) and Hongqiao International Economic Forum Secretariat, with the support of UN Women.
The theme of the forum was “Gather Global Talents and Enable Innovative Development”, is the first high-level meeting to discuss the topic of global talent mobility and development after the 20th National Congress of the CPC, and the first to take "Talent Mobility and Innovation" as the theme at CIIE. It discussed new perspectives on China's opening up to the world. The forum brought together government representatives, heads of international organizations, educational experts and scholars and heads of well-known multinational enterprises to hold a dialogue on the development of the major global talent centers and innovation heights, talent demand of multinational enterprises and international talent policy innovation, high-end international talent training mechanism and gender equality in innovation in the context of multiculturalism and multilateral cooperation.
David NG, Regional Managing Director of Asia at Morgan Philips Group, participated in the forum and jointly discussed with the other panel speakers about talent demand of multinational enterprises and policy innovation of international talent, which focused on a series of important issues concerned by Chinese and foreign enterprises, such as talent demand of multinational enterprises, policy innovation of international talent and talent training mechanism. The dialogue was moderated by Mike Liu, Vice President of the Center for China and Globalization (CCG) and Vice President of the China Global Talent Society (CGTS).
David NG: Talent sustainability can be developed with these 3 strategies
David NG, Regional Managing Director of Asia at Morgan Philips Group put forward that, talent sustainability can be developed with these 3 strategies, seeking talents from within, adjusting the hiring criteria, and looking beyond your competitors, and taking risks in hiring external candidates.
David pointed out that the talent shortage problem includes costs increase, which is also related to inflation. There are several ways for organizations and companies to optimize costs and increase efficiency. The first is to modernize your HR processes, or more specifically recruitment processes., and the second is to use interim solutions or hire freelancers. The third is to invest in your employer branding “There are solutions in the West that we haven't seen in China yet. Recruiting freelancers has been relatively popular in the West. But in China, there are more permanent employment, so you may start to explore interim solutions or recruit freelancers.”
David also pointed out that you need to work on your employer branding to make it more appealing to the candidates. However, as an employer, you also need to modernize your HR platform to convince more people to believe in the value of your organization, which can help to attract talent.
The forum took “Gather Global Talents and Enable Innovative Development” as the theme and brought together representatives of the government, international organizations, think tanks, and industry to jointly discuss in offline and online ways.
As the only multinational talent consulting company invited to participate, Morgan Philips shared the best practices in related fields, including the development of major global talent centers and innovation heights, the talent demand of multinational enterprises and international talent policy innovation, and high-end international talent training mechanism and innovation in the context of multiculturalism and multilateral cooperation.
About Morgan Philips
Founded in 2013, Morgan Philips Group brings together professionals from more than 20 countries on four continents to build a global platform that disrupts conventional thinking in recruitment and talent consulting. We combine high-touch consultancy with worldwide search capability and digital sourcing technologies to help you gain a competitive advantage in the new world of work.