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lexible Work Conditions Imposed Performance ? Self Managed Reviews Development 10 William M. Mercer, Incorporated Shifting Paradigm on Employers of Choice Paid for Time ? Reward for Results Information Controlled ? Open Access to Information Success Based on ? Success based on Team Individual Performance Interdependencies and Communities of Practice 11 William M. Mercer, Incorporated What is Happening in China? ? Semiconductor and IT panies are moving operations to Shanghai ? Taiwanese panies are investing heavily in the Suzhou / Shanghai corridor – 1000 Taiwanese panies have invested $10 billion in Kunshan in the last 10 years (Newsweek July 2023) ? 50% of Japanese major manufacturers are planning to move their manufacturing operations from Japan to Asia within the next 3 years – 70% to China (Nikkei Newspaper Article 9 August 2023) 12 William M. Mercer, Incorporated What is Happening in China Cont.? ? The Mercer Relocation Survey 2023 says…. – % of panies surveyed in Hong Kong said that they had moved a function/ Department from Hong Kong elsewhere – 20% said they had moved that function to the PRC – % said they had moved that function to Guangzhou – % said they planned to move another function from Hong Kong elsewhere 13 Let’s Link this to HR William M. Mercer, Incorporated The War For Talent ? The vast majority of employers are finding it increasingly difficult to attract and retain staff, creating a “war for talent” amongst employers ? Most key professional employment areas are candidate short at the senior and operational ends of the market ? Companies are peting for the same talent ? The war is ... to attr