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HRM reform in China

the human- oriented concept. Globalization refers to the development an economy and any forms of governance that span much of the world.It means the integration of markets across the entire world and the increasing tendency for people , corporations and states to operate in or across national boundaries. More foreign enter into China and the employment opportunities will be conduct regardless of the nationality in favor of ability. Mobility of humanresourse.With China’s WTO accession, many in the Western world are planning to exploit the vast potential markets and considering the "benefits" that WTO membership will bring such as increased access, new markets and more opportunities to move production facilities. To benefit fully from WTO membership, however, Chinese companies will have to become players on the world, rather than just on the regional stage. Otherwise, the world will compete with China, but China will not benefit fully from entry into Western markets. We have come to realize that China's entry into WTO will bring great risks and challenges as well as the excellent opportunities to the Chinese companies, especially the state-owned companies, which are still in the process of reform. We need to quicken our pace of reform and lay a good foundation to meet these challenges.Twenty years of economic reform in China has included significant contributions to Chinese fast growing economy. However, the state-owned companies have experienced numerous problems. During the reform over the past 20 years, many inefficient factories and other production units have closed down, with the loss of millions of jobs. The process of growth of SOE’s has been significantly slowed down because of their rigid personnel system and management ‘s unwillingness to change. The public sector in some parts of China used to generate more than 50% of GDP. However, currently, there remain many state-owned enterprises that are overstaffed...

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