MNCs eye local market hires, instead of expat pool, to drive strategic growth in S-E Asia
Trend is putting premium on top talent in rapidly growing region; with the six leading economies facing diverging fiscal paths in 2021, how firms look at regional HQs is changing
Singapore
MORE multinational corporations (MNCs) are increasingly turning to the local market, instead of the top expatriate talent pool, to find that special leader to drive their strategic growth in South-east Asia, and this is putting a premium on top talent in the rapidly growing region.
With South-east Asia's six leading economies - Singapore, Vietnam, Indonesia, Malaysia, the Philippines and Thailand - facing diverging fiscal paths in 2021, how companies look at regional headquarters is changing. Global recruitment and management consulting specialists said the complexity of managing across different economies and cultures cannot be underestimated.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Working Life
‘Smart people’ don’t need oversight: Elon Musk
Layoff whiplash scars US workers who find new jobs only to lose them
Hybrid work, career mobility, pay and wellness: Meeting changing employee needs
How utopian thinking can inspire business leaders
The quiet magic of middle managers
The worst part of a Wall Street career may be coming to an end