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Q: What is Succession Planning?
A: Succession Planning is a process during which either existing or recruited employees are developed to ensure that there is a planned transfer of powers, responsibilities and job functions when incumbents of key positions leave the company through retirement, or other means. Succession Planning is also one effective way to retain talents as they appreciate the time, attention and develop the organization invested in them.
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 Workshop on Team Building and Communication |
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M.R. SIMAK Ltd. - 27 October, 2012 |
HMI Consulting has successfully conducted a Team Building and Communication Workshop for M.R. SIMAK Ltd. on 27 October 201 2.
With the closer economic partnership between Mainland China and Hong Kong, Hong Kong companies are growing their establishment in Mainland China and are hiring more mainland Chinese employees. Yet, due to the geographical difference, it is not easy to maintain the intimate bonding between the Hong Kong and Mainland Chinese staff, and it is such bonding that ensures the delivery of excellent service to clients. In order to strengthen the teamwork and collaboration between the Hong Kong / China of the organization, M.R. SIMAK Ltd. appointed HMI Consulting to customize a team-building workshop to heighten the team spirit, communication and collaboration of staff from different locations. Through meaningful games and activities, the participants were inspired on the importance of team work, and the supporting of each other to achieve goals as a whole team.
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Seminar on Achieving Talent Management Maturity
Kingdee International Software Group (H.K.) Limited - 19 October, 2012
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We are glad that HMI Consulting Limited was invited by Kingdee International Software Group (H.K.) Limited to give a speech on the topic of 'Achieving Talent Managemnt Maturity in Macau' in an HR sharing event on 19 October 2012.
The speech, delivered by Mr. Victor Tsang, Partner of HMI Consulting Limited, aimed to provide practical tips to the HR practitioners in Macau in achieving better talent management. With the rapid growth of the entertainment / hospitality industry in recent years, HR professionials in Macau have been suffering from problems such as talent shortage, high turnover, rapid salary increase, staff training / readiness, and etc. During the speech, Victor clarified the organization issues related to HR strategies and functions, as well as practices of attracting and retaining talents. He further shared the practical steps that HR practitioners can easily apply to their organization to enhance their talent management strategies, and to overcome the challenges they face in Macau.
Upcoming Event
HMI Workshop on KPI Setting for Various Industries and Positions
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Have your organization encountered the following issues before?
• Departments are all busily managing daily operations, the overall corporate performance has not improved
• Management spends lots of time in reading reports but still cannot identify the root causes to problems
• Long-term goals and business strategies are in place but not effectively cascaded down to departmental level
To remain competitive in nowadays fast-moving business environment, organizations require not only right strategies but also good execution. An effective performance management tool can help organizations communicate corporate policies, clarify responsibilities of departments and transform strategic directives into Key Performance Indicators (KPIs) in different perspectives. Through the deployment process, business strategies can be transformed into actionable tasks which enable systematic assessment on corporate and departmental performance and the alignment with corporate directives.
Workshop Outline:
Module 1: Introduction to Performance Management
• The Performance Management Concept
• Financial vs. Non-financial Measures
• The Four Performance Perspectives of Measurement and Their Causal Relationships
• Format and Components of Performance Management Settings
• Correlations among Annual Objectives, KPIs, Quantifiable Targets and Action Plan
• Integration of Performance Management System with Other Management Tools
Module 2: KPI Settings Step-by-step
• Good vs. Bad KPIs
• Result-oriented vs. Activity-based KPIs
• Balancing Your KPI Settings
• KPI Examples for Corporate in Different Industries
• Adopting KPI Setting as a Strategic Management Tool
• The Vertical and Horizontal Alignment of Corporate and Departmental KPIs
• Rules of Setting Quantifiable Targets
• Common Errors in Objective & KPI Setting
• The Reporting Format of Corporate & Divisional Performance
• Case Sharing of Performance Management System Implementation
Module 3: Simulation Exercise
Simulation Exercises on KPI Development (Participants will have a chance to simulate the process of developing departmental objectives & KPIs under trainer’s facilitation)
Date: 16 November 2012 (9:30am to 5:00pm)
Venue: 4/F Opulent Building, 402-6 Hennessy Road, Wanchai, Hong KongMedium: Cantonese with English materialsFee: HK$ 1,300
To register for this workshop, please click HERE.
To learn more on how HMI Consulting can help your company's management team to enhance corporate and departmental performance, please call (852) 3627 3673 or email to marketing@hmi.hk.
HMI Workshop on Appraisal System and Incentive Scheme Design
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Human Resource Management focuses on not only operational and administrative issues, but also the strategic alignment of employees’ performance and development with corporate directives. Therefore, performance appraisal has become an important management tool for managing individual performance. However, what does an effective performance appraisal system look like and how should it be developed? This workshop will equip participants with knowledge and field-proven techniques through a step-by-step approach for designing and implementing a performance appraisal system that helps align staff performance with the departmental objectives and advocate the “continuous improvement” culture.
Workshop Outline:
Introduction to the Individual Performance Appraisal System• Concepts and Purpose of Performance Appraisal• The Importance of Performance Appraisal• TThe Performance Appraisal Cycle and Its Components• Integration of the Performance Appraisal System to Other Management Systems
Designing and Implementation the Performance Appraisal System
• Customizing Your Performance Appraisal System
• Designing the Performance Rating System
• Performance vs. Competence Assessment
• Design of Performance Appraisal FormI
• Deploying Departmental Objectives to Individual Objective
• Setting Individual Objectives and Action Plan
• Effective Coaching and Supervising Skills
• Essential Performance Appraisal Interviewing Skills
• Do’s and Don’ts for Performance Appraisal Interviews
• Coping Strategies for “Problematic Staff”
• Linkage of Performance Appraisal Results to Reward System
Date: 21 November 2012 (9:30am to 5:00pm)
Venue: 4/F Opulent Building, 402-6 Hennessy Road, Wanchai, Hong Kong
Medium: Cantonese with English materials
Fee: HK$ 1,300
To register for this workshop, please click HERE.
To learn more on how HMI Consulting can help your company's management team to enhance corporate and departmental performance, please call (852) 3627 3673 or email to marketing@hmi.hk.Training and Development Advisory |
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It's time to plan for Training and Development now!
HMI helps clients to structure training needs analysis to identify the gaps between business needs and employees’ current competency proficiency / performance levels, and advises client to adopt tailored training activities that are aligned with the organization's development direction. A thorough training needs analysis can give the management a clear picture of what skills/competencies that are currently missing so that the management can plan for better employee performance and prepare the organization to respond to future changes.
HMI also offers unique yet practical management training workshops that enhance the management skills of managers, as well as broaden their views in modern corporate management.
For more information about the how HMI can assist your company in Training and Development, please call Mr. Victor Tsang at (852) 3627 3673 or email to victortsang@hmi.hk.
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| November 2012 HR Highlights |
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Economic Overview
The National Bureau of Statistics and the China Federation of Logistics and Purchasing released the official manufacturing Purchasing Manager Index (PMI) of Sep. Some major figures are as follows:
• PMI rose to 49.8 in Sep from 49.2 in Aug
• Production increased to 51.3 in Sep from 50.9 a month earlier
• New orders rose by 1.1 points to 49.8
• New export orders gained 2.2 points to 48.8
• The output sub-index rose 0.4 points to 51.3
• The PMI for large-scale enterprises was 50.2, 1.1 points higher than in Aug
• The PMI for small businesses fell by 0.1 points month-on-month to 49.8 and medium-sized enterprises saw a month-on-month decline of 1.0 to 46.7
• The employment sub-index fell 0.2 points to 48.9, the fourth successive month below 50
[Source: HKEJ (A2, 2 Oct)/HKET (A8)/China Daily (p.2, 2 Oct)]
Whereas in Hong Kong, an HR consultancy released survey results on hiring intentions for Q4 2012 after interviewing 462 employers. Some major findings are as follows: • 32% of responding employers will increase hiring while 4% will lay off staff, thus the Net Employment Forecast was +28% • The wholesale and retail sector recorded the highest Net Employment Forecast at +56%, 18 percentage points higher than the last quarter
• The banking and financial services sector recorded the lowest Net Employment Forecast at +6%, 8 percentage points lower than last quarter Another HR consultancy said the retail sector faces severe labour shortage. A salesperson with two years of experience at luxury brands could receive a monthly base pay of $13,000 while a shop manager with 5-8 years of experience could receive $30,000 to $50,000 as monthly base pay. [Source: HKET (A26)
, 9 Oct 2012]
Below are some major findings of a survey conducted by an HR consultancy, which covered 6,400 employers in Asia Pacific with 388 from HK:
• In Q4, more than half of HK respondents intend to keep their headcount steady, 40% plan to create more jobs, and 5% intend to cut jobs.
• Of the surveyed industries, IT is the most positive with about half reporting an expected increase in headcount. The banking and finance industry has the lowest increase at 27.8%.
Working hours is also covered in the survey. Major survey results for HK are:
• 47.6% of HK respondents said their staff worked more than 51 hours a week, the longest in Asia Pacific
• 26.8% of surveyed management staff had experienced burnout
• The major reasons for long hours were: more projects from supervisor (75%), and higher demands from customers (43.2%). [Source: SCMP (C5)/HKET (A30)/ HKEJ (A6)/ Ming Pao Daily (A28), 12 Oct 2012]
Below are some major results of a pay trend survey conducted by an HR consultancy. The survey covered 1,170 enterprises or multi-national corporations in 14 markets in Asia Pacific, of which 115 enterprises are from HK:
• Average pay rise in HK is expected to be 4.6% in 2013, compared to 4.8% in 2012.
• Of the surveyed industries, the fast moving consumer goods sector records the highest pay rise at 5.1% while IT sees the lowest pay rise at 4.2%.
• 20% of the surveyed HK companies plan to increase hiring in 2013, while 2% intend to reduce hiring
• Among the surveyed markets, HK ranks 9th in salary increase. Vietnam tops the list with an expected pay rise of 11.8% while China anticipates an 8.4% pay rise.
The Confederation of Trade Unions said initially a 5% pay rise will be reasonable. For companies with better business results, they should offer better pay rise to employees. [Source: Apple Daily (A12), 15 Oct 2012]
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 Economic Highlights.
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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 Development & 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.
Partners:
Contact: HMI Consulting Limited 20/F, Central Tower, 28 Queen's Road, Central, Hong Kong Tel: (852) 3627 3673 Fax: (852) 3629 1056 Email: info@hmi.hk http://www.hmi.hk |
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