Since the Asia-Pacific region is home to the fastest-growing markets in the global economy, its growing appetite for management talent has also made it the most exciting front in the global headhunting trade,
Joseph Daniel McCool, advisor on executive recruiting and management succession best practices considers in his recent
BusinessWeek article.
If anyone needs further convincing that the Asia-Pacific region indeed represents the new battleground in the global war for management talent, just consider these facts:
• Hong Kong recently revealed the largest Internet IPO since Google (GOOG)
• PetroChina (PTR) became the world's largest company by market capitalization
• The Bombay Stock Market recently hit 20,000, equal to 40% annual growth
• The Chinese economy is slated to grow by a staggering 11% this year
…Consider the population demographics of the Asia-Pacific region. The expatriate population of Singapore, for example, represents nearly one-quarter of its total population. And by 2016, the number of people age 60 to 64 in Australia will double, creating what will surely become a vacuum for experienced management talent.
Then consider that most of the 10 largest companies by market capitalization worldwide are Chinese, and that the vast majority of the world's largest companies are already doing business on the Chinese mainland. Many of the world's corporate executive staffing leaders are spending much of their time these days in Hong Kong and deep in the rich headhunting grounds of other booming Asian economies.
…
If executive management talent is the new oil that is fueling the growth of companies around the world, the Asia-Pacific region is certainly the world's fastest-growing oil field, and one that will undoubtedly draw new front lines in the global competition for top talent.
Learned from BusinessWeek
