October 2008
Oct 16, 08 - Workshop on Corporate & Departmental Performance Management via KPI Setting

Oct 31, 08 - Workshop on Performance Appraisal System Design

Nov 14, 08 - Workshop on Business Presentation Skills

Nov 26 & 28, 08 - Workshop on Strategic Compensation System Design - Basic & Advanced
 
Q: What is Job Analysis?
A: Job analysis is a method to document the requirements of a job and the work performed, of which the results usually serve as references in activities such as staff recruitment and selection, training needs assessment, compensation, performance appraisals and organizational analysis/ planning, etc. Common ways to conduct a job analysis include interviews with incumbents and supervisors, questionnaires, observation, and gathering background information such as duty statements, etc .
 Seminar on KPI Management - The Road to Performance Excellence


Co-organized by:       

To remain competitive in nowadays fast-moving business environment requires 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, which enables systematic assessment on corporate and departmental performance and initiation of improvement actions required to close the performance gaps.  In this seminar, HMI Consulting Limited works hand in hand with Flex System to look into the different elements required for developing a performance management system that helps implement business strategies and advocate the continuous-improvement culture.

Seminar Outline:
- Introducing the Performance Management Concept
- Developing Corporate & Departmental KPIs, Quantifiable Targets and Action Plan
- Cascading Business Objectives and Strategies
- Transforming Corporate Objectives to Departmental Action Plans
- Strategy for Performance Management System (KPI) Implementation
- Successful Case on Performance Management System (KPI) Implementation

Target Participants: 
- Top and Middle Management, HR and IT Executives

Date:    Friday, November 7, 2008
Time:    3:30pm – 5:30pm
Venue:  E-Tech Centre
               4/F, Opulent Building
               402-406 Hennessy Road
               Wanchai, Hong Kong
Cost:     Free of Charge

For registration, please email to info@hmi.hk, or call Mr. Tsang at (852) 3627 3673 for enquiry.

September 2008 HR Highlights

Business Environment
Finance chief John Tsang Chun-wah warned of tougher times ahead but left the forecast for Hong Kong's annual economic growth unchanged at between 4 and 5%. He said although 2009 will be a more difficult year, it is not necessary to adjust the forecast of growth at the moment. However, Hang Seng Bank has already revised down the 2008 economic growth forecast to 4.3% from 5% last month, JPMorgan's forecast down to 4% from 4.8% and DBS Bank also revised to 4.2% from 4.7%.Meanwhile, Mr. Tsang said he expected the jobless rate to rise in the next few quarters. [Source: SCMP (A5, 20 Sep 2008)/ HKEJ (P3, 20 Sep 2008)/ China Daily (HK-2, 20 Sep2008 ]

HR Trend
While the economic growth is predicted to slow down, Hong Kong employers will be more prudent in their hiring in the fourth quarter of 2008 amid an economic slowdown, according to a study by Manpower Services (Hong Kong) Limited. The firm recently conducted a manpower-outlook survey, interviewing 804 employers in Hong Kong and close to 55,000 employers worldwide to find out their hiring intentions for October through December of this year. Only 19%, as opposed to 30% in the previous quarter, planned to hire more staff in the next quarter. Only 4% were anticipating staff cuts, but 73% did not plan to make any changes to their staffing levels. Meanwhile, as employers tend to be rather conservative about hiring, the survey also observed that jobseekers are also taking a more cautious approach about hopping between jobs than before. Even if they change jobs, salary increases in many sectors are not as good as they were last year. [Source: HKET (A4)/ China Daily (HK-1), 10 Sep 2008]

Meanwhile, according to the latest quarterly survey conducted by the Hong Kong Institute of Human Resource Management, the overall average vacancy rate was at 3.9% for the second quarter, 0.7 percentage points lower than in the first quarter. The highest vacancy rates were in the property development, real estate and construction sectors at 5.75%, followed by the financial services, banking and insurance sectors at 5.2%. Meanwhile, growth in new jobs also eased slightly to 0.89%, 0.23 of a percentage point lower than in the first quarter and 0.95 of a percentage point lower year on year. Second-quarter turnover rate was 4.36%, up 0.42 of a percentage point from the previous quarter. Retail had the highest turnover rate at 8.58%, followed by property development, real estate and construction at 6.67%. Wilfred Wong Kam-pui, Institute's president, said the mood of uncertainty about a possible economic slowdown may also result in a “wait-and-see” hiring attitude on the part of most companies during remainder of the year. Moreover, Lai Kam-tong, immediate past president of the Institute, said the survey data showed decreases in the job vacancy and new job growth in the second quarter, which reflect a potential slowdown in the pace of job creation among Hong Kong companies. effect. [Source: SCMP (A5), 19 Sep 2008/ The Standard/ HKEJ (P10) , 19 Sep 2008/ HKET (A41), 19 Sep 2008]

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.

About HMI Consulting Limited
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.

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