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December 2009 Issue of China Briefing Magazine: Managing Human Capital

Key Points:

• Focus: The December 2009 issue of China Briefing Magazine focuses on managing human capital in the context of Chinese business operations, particularly for foreign-invested companies.
• Human Resource Management: Emphasizes the importance of managing employees effectively to ensure productivity and success in the Chinese market. Tips include creating an effective exit strategy, understanding the implications of the 2008 Labor Contract Law, and methods for professional employee management.
• 2010 Employee Contract Renewal Deadlines: Highlights the legal framework for renewing employee contracts post-2008, noting that after the second renewal, employees may be entitled to open-term labor contracts, complicating termination processes.
• Outsourcing HR Functions: Discusses options for outsourcing human resource tasks to third-party providers, aiming to streamline operations and enhance efficiency.
• Clarification on "FESCO": Debunks common misconceptions regarding FESCO, emphasizing it is not a single entity with branches across China but a complex structure with specific operational nuances.
• China’s Borders Series: Features a segment on Pakistan, exploring its strategic significance and potential impacts on Chinese business.
• Technical Guide to Human Resources: Announces a forthcoming guide offering in-depth insights into managing human resources in China.

Insights:

• Employee Management: The magazine stresses the importance of viewing employees as assets that require active management to maximize their contribution to the company's goals.
• Legal Compliance: Provides guidance on navigating the complexities of Chinese labor laws, specifically the Labor Contract Law, to ensure compliance and mitigate risks associated with employee management.
• Exit Strategies: Recommends strategies for handling terminations, including defining job roles clearly and conducting objective evaluations during the probation period to support a fair and effective exit process.
• Outsourcing Considerations: Offers perspectives on outsourcing HR functions, suggesting benefits such as reduced operational costs and improved expertise in local regulations.
• Misconceptions Clarification: Corrects common misunderstandings about employment law in China, particularly regarding compensation for terminated employees and the liability of employers in case of unlawful termination.

Conclusion:

The December 2009 issue of China Briefing Magazine offers valuable insights for foreign companies operating in China, focusing on enhancing human capital management through compliance with labor laws, effective strategy development, and informed decision-making. It serves as a comprehensive resource for navigating the complexities of managing employees in the Chinese market, emphasizing both the practical challenges and opportunities in human resource management.