Global firms underline HR to stay competitive in China

China's efforts to embrace an era of innovation-led growth have prompted global companies to become more flexible and adept with their new business requirements and approach to remain competitive in the country.

Indications are that such a shift is already happening as multinational companies are no longer focusing on just sourcing top professional talent from outside, but also deploying more resources to enhance the skills of their employees through multi-job training, overseas mobility, talent cultivation and incentive programs.

With China's economy changing from high-speed growth to high-quality development, Schneider Electric China has started to enhance digital innovation and created new momentum for the company's development, said Zhang Yanyan, senior vice-president for human resources at the company.