Women should be an essential part of every company’s China strategy. Understanding the unique needs of this essential talent pool is one of the most overlooked secrets to succeeding in this complex market.-Edward Tse, Chairman for Greater China, Booz & Co
Beijing, China (PRWEB) March 22, 2011
A new study by the Center for Work-Life Policy finds that the solution to China’s search for skilled talent is closer at hand than it may appear: highly qualified Chinese women. The study findings were announced today at an event at the new Intel Beijing office in the Beijing Global Trade Center with remarks by Edward Tse, Chairman for Greater China, Booz & Company, among others.
Just as China is feeling the talent squeeze of rapid growth, Chinese women are emerging as a deeply qualified and ambitious talent pool, rivaling not only Chinese men but also their US counterparts. The study reveals the extent to which Chinese women are surpassing their peers, but also how they’re impacted by cultural traditions and demographic trends that are quite different from their female counterparts in other nations.
For example, compared to their American and European counterparts, working mothers in China have more shoulders to lean on for childcare. In China there is no social stigma in sending one’s child to daycare, boarding school, or to depend on their grandparents to provide childcare while their mother pursues a career.
Although childcare does not pose a heavy burden on Chinese working mothers, eldercare does. The vast majority of Chinese women have eldercare responsibilities which directly affect how they approach their career paths (i.e., transferring from one city to another to be closer to aging parents, taking a higher paid but less stimulating job to pay for eldercare expenses, even dropping out of the workforce entirely). “These sharp differences between Chinese women and their counterparts in other countries show that multinationals can’t have one cookie-cutter global policy for women,” says Rosalind Hudnell, Chief Diversity Officer and Global Director of Education and External Relations, Intel.
In addition to exploring the complexities of this talent pool, this study also showcases best practices from leading global and China-headquartered companies to show how corporations can leverage this information to tailor their workplace policies to the specific needs of Chinese women.
Tse says “Women should be an essential part of every company’s China strategy. Understanding the unique needs of this essential talent pool is one of the most overlooked secrets to succeeding in this complex market.”
- Chinese women are graduating from university at nearly the same rate as men (47%).
- 76% of Chinese women aspire to top jobs, compared to 52% of American women
- Chinese women have impressive levels of commitment: 70 percent love their jobs and 76 percent are willing to go the extra mile for their employer. Over 85 percent express loyalty to their employer.
- “Daughterly guilt” is as bad as “maternal guilt” – 88% of women in China struggle to balance a career with the demands of eldercare obligations.
- 95% of Chinese women have eldercare responsibilities, and more than half (58%) provide financial support for their parents.
- The average workweek for Chinese women working for multinational organizations routinely exceeds 70 hours, one of the highest rates among the women surveyed among emerging markets.
- Over 35 percent of survey respondents (men as well as women) believe that women are treated unfairly in the workplace.
- Problems of bias can be severe enough to make nearly half (48%) of women in China disengage, scale back their ambitions or consider quitting.
At the event to launch the study, remarks were made by:
Sylvia Ann Hewlett, President, Center for Work-Life Policy
Rosalind Hudnell, Chief Diversity Officer and Global Director of Education and External Relations, Intel
Denice Kronau, Chief Diversity Officer, Siemens AG
Carolyn Buck Luce, Global Life Sciences Sector Leader, Ernst & Young LLP
Ripa Rashid, Executive Vice President, Center for Work-Life Policy
Laura Sherbin, Senior Vice President, Center for Work-Life Policy
Edward Tse, Chairman for Greater China, Booz & Company
David Wan, CEO, Harvard Business Publishing
Elaine Chang, General Manager, Marketing and Channel Group, Intel China
Pully Chau, Chairman and CEO, Greater China, Draftfcb
Iris Kang, Primary Care 2 Business Unit Head, Pfizer China
Kelvin Koh, Director of Greater China Research, Goldman Sachs
Bessie Lee, CEO, GroupM China
Stella Ling, Head of Public Affairs in China, Bristol-Myers Squibb
Tao Wang, Head of China Economic Research, Managing Director, UBS Securities
Research for this study was comprised of focus groups, virtual strategy sessions, one-on-one interviews, a multinational survey (in October 2009 with 4,350 respondents), and a U.S. national survey (in February 2010 with 2,952 respondents), conducted by Knowledge Networks under the auspices of the Center for Work-Life Policy, a nonprofit research organization.
Bloomberg LP, Booz & Company, Intel, Pfizer, and Siemens AG
Bristol-Myers Squibb, Goldman Sachs, Interpublic Group, UBS
The Hidden Brain Drain Task Force
Founded in 2004 by Sylvia Ann Hewlett (Center for Work-Life Policy and Columbia University), this private sector task force aims to identify, develop, and promote a second generation of corporate policies and practices that support the ambition, work, and life needs of highly qualified employees across the divides of gender, generation and culture. The 63 global companies and organizations that comprise the task force—representing four million employees operating in 190 countries around the world—are united by an understanding that full utilization of the talent pool is at the heart of competitive advantage and economic success.
About the Authors
Sylvia Ann Hewlett is the founding president of the Center for Work-Life Policy (CWLP), a New York-based think tank where she chairs the “Hidden Brain Drain,” a task force of companies and organizations committed to global talent innovation.
Ripa Rashid, executive vice president at the Center for Work-Life Policy, has held senior diversity roles at Booz Allen Hamilton and Met Life.
DeAnne Aguirre is a senior partner and one of Booz & Company’s foremost organization, talent management and change leadership experts. She has been based in the firm’s San Francisco, New York and Sao Paulo, Brazil, offices.
Rosalind L. Hudnell is the chief diversity officer and global director of education and external relations for Intel Corporation.