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Chinese enterprises urged to upgrade worker skills
By Zhao Wen |
June 28, 2013, Friday
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Online Edition
Online Edition
EXPERTS are urging companies in China to improve the quality and skills of their workers to cope with a labor shortage as China's working-age population begins to shrink rapidly.
Su Yong, a professor at the School of Management of Fudan University, said at an employment forum that the supply of cheap labor is limited in China despite an influx of migrant workers from rural areas.
Su said China's working-age population, from 15 to 59 years old, dropped for the first time last year to around 937 million, accounting for 69.2 percent of the total population. It signals the arrival of the Lewisian Turning Point.
To cope with the labor shortage, companies should change their human resources management from quantity to quality to retain skilled workers, especially technicians, he said.
Su Yong, a professor at the School of Management of Fudan University, said at an employment forum that the supply of cheap labor is limited in China despite an influx of migrant workers from rural areas.
Su said China's working-age population, from 15 to 59 years old, dropped for the first time last year to around 937 million, accounting for 69.2 percent of the total population. It signals the arrival of the Lewisian Turning Point.
To cope with the labor shortage, companies should change their human resources management from quantity to quality to retain skilled workers, especially technicians, he said.
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