Headhunter heaven

China offers US$160,000 bounty for each Foreign Talent.

Competition for ‘Foreign Talent’ in the region has a new player, and this time it’s a big boy—the PRC. The intent to entice foreign talent to China for key roles is a National Development Strategy and was outlined in 2010 in the Central Government’s announcement together with a scheme that will pay a bounty of US$160,000 to each ‘Foreign Talent’ taking up an approved role in a China-operated business. Administered by the State Administration of Foreign Affairs the scheme intends to recruit tens of thousands of overseas talent via international headhunting and recruitment agencies. These agencies will be given the briefs by the China Association for International Exchange of Personnel (CAIEP). The Association has already set up 28 separate talent markets across the country to funnel ‘Foreign Talent’ requests from state-owned enterprises and private businesses in China wishing to take advantage of the scheme.

As part of its engagement with international headhunting companies the Chief of Bureau of the CAIEP and the relevant government agencies will be hosting a joint seminar with SilkRoad Technology to introduce the scheme in Beijing on the 18 June. This invitation only event will be the first in an annual series that will give the regional heads of  recruitment agencies access to the Government sector. HR Magazine is an official media partner for the event.