Asia is characterized by intense competition for talent. Many businesses have invested heavily in Asia, and there is an expectation that Asia is going to drive the economic growth for many organizations. These expectations result in a need to find the best people and best leaders. Since these expectations are shared by so many organizations, there is intense competition for a relatively limited pool of talent. However, this competition for talent could lead to certain side effects such as; an increase in labor costs, HR managers having to develop new innovative strategies in order to attract the necessary people, retain them within the organization and develop them. These are some key challenges that will be felt across the entire region.

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Mario Ferraro
Director, Human Capital Consulting - South East Asia
Deloitte Consulting Pte Ltd