A survey multinational companies operating in Japan, Singapore, Thailand, and Vietnam carried out by en world Japan has provided an insight into the recruitment and retention of managers.
Overall the survey found a lack of high-quality management with respondents in all locations reportin difficulty in finding managers who fulfil all the necessary requirements. A lack of creativity among employees in management positions is also a significant issue in all countries. This could hinder future efforts by companies to achieve growth or ensure business continuity.
Declining loyalty was found in all countries surveyed, except Japan. Companies now face numerous problems in terms of retaining excellent talent. Respondents suggested that compensation and training programs could prevent the loss of talent.