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Nov 7, 08 - Seminar on KPI Management - The Road to Performance Excellence
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Nov 21, 08 - Workshop on Effective Business Presentation Skills
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Nov 26 & 28, 08 - Workshop on Strategic Compensation System Design - Basic & Advanced
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Dec 5, 08 - Workshop on Business Process Improvement
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Q: What is Objective Assessment?
A: True Objective Assessment involves a structured and scientific method of understanding and measuring people performance. Objective Assessment aims to help organizations recruit the best people and to get the most out of them. Objective Assessment can be applied to shortlist and select the right candidates, differentiate between adequate and exceptional performance, identify and develop potential talents in order to ensure human capital requirements are fulfilled.
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 SHL Group: HMI Consulting's Partner in Talent Assessment |
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We are proud to announce that HMI Consulting Limited now partners with SHL Group to deliver world-class talent assessment and management solutions to clients.
SHL Group, the global leader in talent assessment solutions in the workplace, supports organisations in the selection and development of people at all levels across different sectors.
Operating in more than 50 countries and in more than 30 languages, SHL offers the world’s largest portfolio of assessment tools and delivers innovative approaches to help organisations increase productivity, identify future leaders and gain a competitive advantage through improved people performance. In the last 12 months, SHL has delivered over two million objective assessments. SHL works with thousands of organisations worldwide, including 80% of the FTSE 100 and 50% of the Fortune 500.
HMI Consulting will incorporate SHL's ability tests, personality questionaires, motivation questionaires, and many other talent assessment tools into our Talent Management Solutions, aiming to assist our clients in the recruitment, selection, performance, development, succession and transition processes within the talent management cycle.
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October 2008 HR Highlights
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According to the survey conducted by Hong Kong Baptist University and the Hong Kong People Management Association, about 40% of companies in Hong Kong and on the mainland expect to lower their planned salary adjustments for next year. 17.8% said they will wait and see while 9% said they were under pressure to lay off staff. Hong Kong companies projected salary rises of 4.8% to 5% next year compared with this year’s average of 4% to 4.7%. Among companies on the mainland, wage adjustments of 8.7% to 10.6% were expected next year, up from average increases of 8.1% to 9.9% this year. The survey covered 83 companies employing 55,440 in Hong Kong, and 95 firms employing 168,800 on the mainland. [Source: SCMP (A3)/ The Standard/ HKET (A6), 21 Oct 2008 ]
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The global economic crisis has caused many employers to freeze hiring, or to bring in contract personnel instead of permanent staff, recruiter Wisdom Global Search said. About one-third of positions in the market had been frozen, while the hardest-hit financial, insurance and investment sectors had seen 50% of planned hiring halted. Many companies that needed extra manpower chose project-based staff, mainly with six-month contracts. Employees were also being more cautious, with many inquiring about sharpening their competitive edge to avoid being laid off. Meanwhile, the company said last month’s job vacancies plunged 20 to 30% compared with the same period last year. It predicted that recruitment in the last quarter would record a year-on-year decrease of 50 to 60%. [Source: SCMP (A3), 6 Oct 2008]
According to the statistics announced by the Census and Statistics Department, the unemployment rate last month rose to 3.4% from 3.2% in August, the first such increase since the SARS outbreak five years ago. Increases in the unemployment rate were mainly observed in the wholesale and retail, restaurants, manufacturing and financing sectors. The number of unemployed persons increased by around 4,900, from 129,100 to 134,000. Meanwhile, the underemployment rate decreased from 1.9% to 1.8% and decreases were mainly seen in the decoration and maintenance, and transport sectors. [Source: SCMP (A1)/ HKEJ (P4)/ HKET (A6), 21 Oct 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.
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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.
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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