Gary P. Nowak
Partner in charge
Shared Services and Outsourcing Advisory
"MNCs in China are increasingly engaging in shared services. However, it is no longer just about economies of scale, cost and streamlining processes. Today it is more end-to-end, focusing on an MNC’s competitive advantage and asking how we can create value for our business. That is what companies are really talking about."
"A key challenge for any MNC in China is talent management. MNC’s are always looking for talent and there are many bright students. And yet, many graduates still fail to find jobs. MNCs need to be increasingly innovative in attracting and retaining talent. For example, KPMG has set-up a shared services centre in Foshan, partnering with one of the local universities. The university selects promising students and KPMG teaches them auditing skills and provides a paid internship with they are studying. For those who perform well, we invite them to join KPMG. I would encourage MNCs to collaborate more closely with local governments and universities in this way?"