The Worsening Talent Loss Facing the Private Sectors in China: A Case Study of Qingdong Hengxing Group, Shandong Province

DOI

10.2991/978-2-38476-040-4_20How to use a DOI?

Keywords

Case Study; China; Hengxing Group; Private Sectors; Talent Loss

Abstract

Top management is the enterprise’s brain, its core strength, and the human resource that the enterprise cannot do without. However, the loss of these personnel has become the main management problem of Qingdao Hengxing Group and all walks of life, as discussed in this paper. At this point, the management mechanism used by Qingdao Hengxing Group to attract and retain such personnel is critical. This paper employs interview and questionnaire methods in response to senior manager turnover and the problems caused by their turnover. It examines the data to determine the primary causes of senior management turnover. Analysis reveals three significant aspects: personal reasons, business management reasons, and social environment reasons. Furthermore, the issue in this paper addressed how to prevent the loss of such abilities. Finally, the paper draws lessons from the advanced experience of external enterprises and proposes countermeasures to reduce attrition. Furthermore, the paper can create an effective incentive and restraint mechanism, a reasonable salary system, a new culture of high-level enterprises, and a career management system.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Yuping Shi
AU  - Yanqi Liu
AU  - Surachai Traiwannakij
PY  - 2023
DA  - 2023/04/24
TI  - The Worsening Talent Loss Facing the Private Sectors in China: A Case Study of Qingdong Hengxing Group, Shandong Province
BT  - Proceedings of the International Conference on Education, Humanities, and Management (ICEHUM 2022)
PB  - Atlantis Press
SP  - 219
EP  - 233
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-040-4_20
DO  - 10.2991/978-2-38476-040-4_20
ID  - Shi2023
ER  -