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HMI Consulting is proud to be the supporting organization of the "Archieving Work-Life Balance Forum" organized by the Hong Kong Baptist University Centre for Human Resources Strategy & Development and The Hong Kong Institute of Directors. You are cordially invited to join this great event with details below:
Date: 5th June 2008 (Thursday)
Venue: InterContinental Hong Kong
Luncheon : 1230 - 1350
Forum : 1400 - 1700
Corporate speakers will discuss the leadership and synergy required to sustain a strong workforce through realizing work-life balance.
To register, please click here.
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ACCA Management Seminar - Balanced Scorecard Implementation in Practice
ACCA Hong Kong, April 23, 2008
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 We are proud to announce that the ACCA management seminar on Balanced Scorecad Implementation in Practice hosted at the Conrad Hotel Hong Kong on April 23, 2008 was completed with an overwhelming success with an attendance of more than 180 people.
The seminar, delivered by Mr. Wilson Chu, Partner and Senior Consultant of HMI Consulting Limited (photo above), aimed to provide the practical tips on how to deploy corporate directives and to manage corporate and departmental performance using the Balanced Scorecard (BSC) management tool. In the seminar, Wilson shared the knowledge of using BSC in the development of annual objectives, KPIs, quantifiable targets and action plans. He also illustrated the issues of BSC implementation, such as the integration of BSC with other management systems and the potential change resistance, via case studies.
"Wilson has given a very good and interesting speech", said Mr. David Ng of ACCA Hong Kong Professional Development Sub-Committee, "and I believe the topics Wilson covered are benefitial to our members."
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April 2008 HR Highlights |
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Inflation and Unemployment Rates Continued to Go up
According to the figures released by the Census and Statistics Department, fast-rising food prices pushed Hong Kong’s underlying inflation rate to a 10-year high of 5.3% last month. The government spokesman said the pickup in inflationary pressure in recent months was largely due to the surge in food prices, which was driven by the global food inflation. The cost of food, excluding meals bought away from home, increased 17.2% last month over a year earlier, while the cost of dining at restaurants rose 5.9%. [Source: SCMP (A2)/ The Standard/ HKEJ (P8)/ HKET (A21) , 23 April 08]
Meanwhile, the unemployment rate increased from 3.3% between December and February to 3.4% from January to March, according to the latest figures released by the Census and Statistics Department. Unemployment was mainly observed in the decoration and maintenance, communications and restaurant sectors. Academics say rising inflation has pushed unemployment up as some employers cut staff in attempt to control soaring business costs. [Source: SCMP (A2)/ HKEJ (P10)/ HKET (A4)/ China Daily (HK-1), 18 April 08]
4 and 4.7% Average Pay Increase Recorded in Early 2008
Surveys conducted by the Employers’ Federation of Hong Kong and the Hong Kong Institute of Human Resource Management said the average pay rise were 4% and 4.7% respectively in early 2008. According to the pay trend surveys conducted by the Employers’ Federation of Hong Kong, more than half of the 100 surveyed companies have reviewed salaries in January and February this year. Among the surveyed sectors, the highest adjustment was found in professional and business services sector, at 5%, followed by banking finance and insurance. On other hand, survey conducted by the Hong Kong Institute of Human Resource Management with 120 interviewed companies said nearly 88% of their staff had received pay rises, compared with 79% a year earlier. Among the interviewed companies banks gave the biggest increases – an average of 6% - followed by retail (5.3%) and Shipping/ Terminal (4.5%). [Source: HKET (A4), 8 April 08/ SCMP (A2)/ The Standard/ HKET (A4)/ China Daily (HK-1), 22 April 08 ]
Disclaimer: Should there be any different views in the interpretation, please always refer to the original media source as reference. HMI Consulting accepts no liability in respect of the accuracy and truthfulness of the materials included in this newsletter.
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About HMI Consulting Limited |
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HMI Consulting is a leading HR consulting firm specializing in Performance Management, Compensation & Benefits Design, Talent Management & Business Process Improvement. With the primary focus in Hong Kong, PRC and Taiwan, our experienced consultants have worked across a wide range of industries covering Manufacturing & Industrial, Trading, Transportation & Logistics, Financial & Insurance, and the Public Sector.
Contact:
Victor Tsang
HMI Consulting Limited
20/F, Central Tower, 28 Queen's Road, Central, Hong Kong
Tel: (852) 3627 3673
Fax: (852) 3629 1056
Email: victortsang@hmi.hk
http://www.hmi.hk
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