Talented Southeast Asia answers critical questions for multinational corporations currently operating in, expanding or establishing operations in Southeast Asia.
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I describe the differences in the region by focusing on the commonalities first. Do you see the glass as half empty or half full?
The art in talent sourcing has been removed by social media tools. Now the real art is in talent selection, be that internally or externally.
I know of companies where all the officers meet their objectives and KPIs, and yet the company is a complete failure.
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Business Success Through Talent Management Excellence
Why does the world need another book on the subject of talent management? After all, a quick search on Amazon.com reveals more than 7,500 titles on the topic. Yet, adding Asia to the search criteria winnows the list down to just 17. And qualifying it further with Southeast lands a result of 0.
Yet, Asia – especially Southeast Asia – is envied for its riches. This isn’t a new business phenomenon. The resources of the region have been coveted since the days of Marco Polo. In the adventuresome spirit of those explorers before them, multinational corporations (MNCs) are flourishing throughout this area, bringing opportunities and building infrastructure.
The confluence of regional abundance and business prospects is not without challenges, and it is in this space that Talented Southeast Asia acts as a valuable business resource. Talent deficits are projected to be as high as 61% in the Asia Pacific region, and significant diversity exists – including education standards in some countries that are far below those needed to work at an MNC. While eastern values previously guided "cradle to grave" employment models, Asian millennials are hard to engage and retain since job hopping has become acceptable. Furthermore, in cultures where being a disruptor wasn’t historically encouraged, identifying and developing high potentials and leaders are not optional; they are crucial.
Written by senior executives who have lived and worked there, Talented Southeast Asia draws from more than 100 interviews with over 50 multinational corporations operating in the Southeast Asia region. A broad cross-section of industries are represented – such as consumer goods, energy, financial services and healthcare – and book contributors include business leaders, senior HR executives and HR directors.
Does the world need a book on talent in Southeast Asia? Home to 630 million people, the region represents one of the most exciting, emerging economies and one that simply cannot be overlooked. By 2050, Asia alone will represent 45% of the world’s population. According to Forbes, nine of the ten fastest-growing mega-cities in the world are in Asia. In addition, McKinsey research places 63% of the world’s 440 fastest emerging cities in this region, which will add a billion new consumers and a total purchasing power in excess of 10 trillion dollars to the global economy.
But perhaps even more compelling than the impressive statistics that come from the region is the shift in mindsets and methods as this emerging market, home to one of the youngest, most tech-savvy, mobile and socially connected populations in the world, reinvents the meaning of talent management. The book challenges entrenched HR paradigms and offers fresh insights that demand attention.
Opportunity is knocking, and its name is Talented Southeast Asia. Whether currently located in the region, planning to expand into it, or a leader of profound change, we’re sure you’ll find this book of interest.
Sylvia Vorhauser-Smith is Senior Vice President – Global Research at PageUp. With 25 years of experience as a senior talent management and human resources practitioner and consultant, her career has included corporate finance and HR roles at Citibank and Westpac. Prior to joining PageUp, Vorhauser-Smith was Founder and Chief Executive Officer of consulting firm Talent Edge, specialising in bespoke leadership development and talent management solutions.
Committed to thought leadership in the fields of neuroscience and cross-border talent management, she speaks internationally on these topics and has addressed audiences in the U.S., Asia and Australia. She is a featured contributor to Forbes Magazine and author of numerous white papers on talent management and applied neuroscience. Vorhauser-Smith holds a Bachelor of Business and Post-Graduate degrees in Psychology and Neuroscience.
Vorhauser-Smith is also co-author of Talented Southeast Asia (PageUp, 2015) and resides in Sydney.
Karen Cariss is one of the founders of the award-winning global talent management software provider, PageUp. A key driving force behind the company’s success, she sets its strategic direction as well as ensures synergies across all its divisions. Cariss has been lauded as one of the HR technology industry’s exceptional entrepreneurs, having raised $10M in growth equity for her company in 2012.
Cariss’ extreme passion for the company is evident in her work and attitude, which has been publicly acknowledged by being listed as 28th on BRW’s Top 50 Female Entrepreneurs in June 2006 and winning the Ernst and Young ‘Young Entrepreneur of the Year’ for 2008 and the Victorian Telstra Women’s Business Award in 2009. She is formally qualified with a Bachelor of Applied Science and Honours in Science.
Cariss is also co-author of Talented Southeast Asia (PageUp, 2015) and resides in Singapore with her family.
At PageUp, we are passionate about building the world’s best technology that underpins our client’s ability to build strong employee/employer relationships and equip them to attract, develop and retain the talent needed to take their business forward. We partner with organizations to learn their business challenges and provide cutting edge solutions and innovative technology to support their Talent Management initiatives.
Our state-of-the-art technology solutions unify Recruitment, Performance Management, Development, Career Planning, Succession Management and Workforce Analytics to help multinational employers overcome the talent management challenges inherent to operating across multiple geographies.
The PageUp teams in Singapore, Hong Kong, Malaysia, Melbourne, Sydney, London and New York can help transform your company’s global HR initiatives. Learn more about how PageUp can help at www.pageuppeople.com or follow us on twitter.com/pageuppeople.