Q: What is Succession Planning?
A: Succession Planning is the process of identifying and developing suitable employees through coaching, mentoring, off-job training or job rotation, to replace key players within an organization when their terms expire. From the risk management aspect, succession planning is important because researches foresee there will be critical shortage in companies of middle and top leaders for the next five years and it often takes years to develop effective management staff.
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 High Impact Presentation Skills Workshop |
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Marks and Spencer Asia Pacific Limited – March 2013
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We are proud to announce that HMI Consulting Limited had successfully launched a series of training workshops on High Impact Presentation Skills for Marks and Spencer Asia Pacific Limited in March 2013..
A lot of times, the excellence of a company’s services/ products/ polices are conveyed to clients/ business partners via presentations, and therefore, executives are finding ways to polish their presentation skills for greater success. This workshop aims to provide practical skills on delivering high impact presentations to corporate audience, including clients, suppliers, management, the business partners, etc. Through the workshop, participants are equipped with the framework of structuring effective presentations, and also tips in keeping audience interested and handing difficult questions. The participants of Marks and Spencer highly enjoyed the interactive lecture and fun activities of the workshop, as well as the opportunity of receiving feedback on their presentation. They were looking forward to workshops with similar style in the future.
Upcoming Workshops
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Workshop on High Impact English Email and Report Writing
Replying emails and creating reports are daily tasks of many Hong Kong employees. It is therefore essential to master the skills of English email and report writing so that we, working in the international hub Hong Kong, can communicate effectively and efficiently with customers, vendors and colleagues (and etc) oversea. Using the right formats, styles, tones, even subject lines are significant factors of effective written communication, while making the emails and reports simple yet high impact is the key to catch audiences’ attentions. This workshop aims to equip participants with useful English writing skills by experience sharing and discussions. Effective and ineffective email and report samples will be shared, and interactive exercises will be conducted. The details are as the followings:
Workshop Outline:
Emailing
• Characteristics of emails
• Common mistakes in email writing
• Writing to international audiences
• Choosing the formality and the right words
• Creating catchy subject lines for emails
• Rules of sending attachments
• Handling emails from customers
Report Writing
• How to meet audience’s expectation?
• Types of reports
• Composing styles and tones for your audience
• Using effective visuals for illustrating reports
• Creating catchy subject lines for reports
• Persuading audience to read through your reports
• Using checklist when composing reports
Date: 26 April 2013 (9:30am to 5:00pm)
Venue: 4/F Opulent Building, 402-6 Hennessy Road, Wanchai, Hong Kong Medium: 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.
Workshop on KPI Setting for Various Industries and Positions
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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
• Financial vs. Non-financial Measures
• The Four Performance Perspectives of Measurement and Their Causal Relationship
• Format and Components of Performance Management Setting
• Correlations among Annual Objectives, KPIs, Quantifiable Targets and Action Plan
• Integration of Performance Management System with Other Management Tools
Module 2: KPI Setting 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 ExercisesSimulation Exercises on KPI Development (Participants will have a chance to simulate the process of developing departmental objectives & KPIs under trainer’s facilitation)
Date: 10 May 2013 (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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| April 2013 HR Highlights |
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Economic Highlights
According to data from the Census and Statistics Department, the number of unemployed people who were managers and administrators rose by 1.9%, or 7,700 persons for the period from Nov 2012 to Jan 2013. The median monthly income of managers and administrators, however, rose by 8.3% to $32,500. An HR consultant said in the staff cut exercise of banks and financial institutes, middle and senior-level management are the targets. However, those who are highly competitive may not rush for a new job, thus leading to a higher number of unemployment rate among managers and administrators. [Source: HKET (A36), 1 March 2013]
An HR consultancy released survey results on pay adjustment, which covered 1,200 employers from HK, mainland China, Singapore, Malaysia and Japan. It found that 52% of HK respondents would give 3% to 6% pay rise, 48% higher than last year. Nearly 20% would offer 6% or above while 9% would have pay freeze. More than 90% of respondents found talent shortage the major obstacle to business development. According to the HR consultancy, sectors like accounting, construction, banking, sales and marketing, and IT are facing more severe talent shortage. [Source: HKET (A44), 1 March 2013]
The National Bureau of Statistics and the China Federation of Logistics and Purchasing released the manufacturing and non-manufacturing Purchasing Manager’s Index (PMI) in Feb. The major figures are as follows:
Manufacturing PMI
- manufacturing PMI dropped to a five-month low of 50.1, compared with 50.4 in Jan
- sub-index for new orders dropped to 50.1 from 51.6 in Jan
- export orders fell to 47.3, a drop of 1.2 points from a month earlier
- PMI for small-scale businesses dropped to 46 last month from 46.2 in Jan
- the index for large enterprises was unchanged at 51.3
Non-manufacturing PMI
- non-manufacturing PMI declined to 54.5, down 1.7 points from Jan
- sub-index of new orders retreated 1.9 points from a mo! nth earlier to 51.8
- new export orders lost one point to 51.6
- index for service dropped 1.3 points from a month earlier to 53.6
[Source: China Daily (p.2 & 9), 2 March 2013/ HKEJ (A6 & 15), 2-3 March 2013/ HKET (A2 & 4), 2-3 March 2013/SCMP (B2), 2 March 2013)]
In a report by a recruitment agency, which surveyed 10,000 employers and employees in Asia including 540 business leaders and 340 employees in HK, the following issues were highlighted as key obstacles to competitiveness:
Looking for Leadership
- over half of surveyed employers believed their top productivity challenge was a lack of leadership for the next phase of organizational growth
- 4% surveyed organizations rated their current leadership capabilities as excellent, while 45% gave a “good” grading
Skills shortage
- 30% of surveyed employers said filling critical vacancies is a key productivity challenge
- only 40% of employers said they are confident in attracting the type of people that they want
Employee turnover
- 58% of surveyed employees said they were likely to leave their jobs over the coming year
- 46% of employees said the lack of opportunities for growth and advancement was the reason to leave while 18% cited salary
An ageing population
- 53% of surveyed employers believed HK’s ageing workforce will have a negative impact on their organization over the next 10 years, and they are not confident the government is doing all that can be done to address the issue
[Source: SCMP Classified Post (p.4), 9 March 2013]
The jobless rate stayed flat at 3.4% from Dec 2012 to Feb 2013 while the underemployment rate decreased from 1.6% to 1.5%. Total employment reached a record high of 3.712 million. On the short-term outlook, the Secretary for Labour and Welfare said the buoyant domestic consumption and inbound tourism should continue to fuel labour demand, helping to keep labour market conditions stable. The number of people receiving a monthly income of more than $100,000 decreased by 14.7% year-on-year.. [Source: HKET (A28), 22 Feb 2013]
HK’s consumer price index rose 3% in Jan from a year earlier, a drop from 3.7% in Dec 2012, according to the data released by the Census and Statistics Department. The underlying inflation rate in Jan 2013 was 3.1%. A government spokesman said the inflationary pressures are still likely to be largely contained in the near term, given the moderated increase in import prices and the modest local economic growth. However, the volatility of international food and commodity prices amid the global liquidity glut, coupled with the rise in local housing rentals over the past year, may pose some upside risks to inflation.
[Source: HKET (A8), 19 March 2013]
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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