Chinese enterprises that found themselves falling behind the talent rush in the past should take heart from the global economic slowdown as it presents a golden opportunity for them to recruit qualified and experienced executives and professionals from around the world.

Of course, talent doesn’t come cheap, human resources experts say. But it is at least available as more and more US and European multinational companies are going into the retrenchment mode to cut costs.

Human resources experts are of the view that the layoff strategies are”short-sighted” and costly in the longer term. When the economy begins to turn the corner and embark on a new cycle, these corporations will have to offer unusually high salaries and attractive incentives to compete for the talented personnel they laid off.

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