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Q: What is Staff Opinion Survey?
A: Staff Opinion Survey aims to assess staff satisfaction in working for an organization and is usually conducted in annual basis. The survey coverage may include aspects like company image & culture, remuneration package, work environment, workload, job security, policies of an organization and leadership of management, etc. |
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 HMI Training Workshop- Effective Objective Setting & Performance Management |
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| China Resourses Construction Co. Ltd, January 13, 2011 |
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HMI Consulting has successfully assisted China Resources Construction Co. Ltd. to conduct a Training Workshop on Effective Objective Setting & Performance Management on 13 January 2011.
China Resources Construction Co. Ltd. had appointed HMI Consulting to design and develop a training workshop which aims to equip the management staff with field-proven know-how on Performance Management as well as techniques in setting departmental & individual objectives in alignment with company’s business strategies. This workshop was conducted by our Principal Consultant, Mr. Wilson Chu. The participants highly enjoyed the interactive and fun activities, and are all looking forward to other workshops with similar style in near future.
Upcoming Event!
Training Workshop on Strategic Compensation System Design, 16 March 2011
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To remain competitive in nowadays business environment requires not only good planning, execution and control but also committed people working in alignment with company’s goals. A meaningful system that helps manage performance and motivate staff to go “extra mile” is essential for organization success. This workshop will equip participants with knowledge and field-proven techniques through a step-by-step approach for designing a compensation system that helps align staff performance with the corporate business strategies and advocate the “pay-for-extra” culture.
Workshop Content:
Introduction to Compensation
- Different Compensation Elements
- Basic Salary
- Guaranteed Bonus
- Fixed Allowance
- Variable Pay
- How Economic Trend Influences Compensation Strategies
- Aligning Compensation Strategy with Business Strategies
- Establishing Compensation Strategies
- Influencing Forces to Compensation Strategies
- Case Study
Establishing the Basic Pay System
- Job Analysis
- Job Evaluation
- Grade Structure Development
- Salary Structure Design
- Pay Trend Analysis
Designing Incentive Scheme
- Reviewing the Corporate Directives and Strategies
- Designing the Incentive Scheme
- Establishing Corporate Performance Mgt. System
- Establishing Individual Performance Mgt. System
- Linking the Incentive Scheme with Measurement Results
Date: 16 March 2011(9:30am - 5:00pm, Lunch Hour: 12:30pm -2:00pm)
Venue: CMA Training Centre (CMA Building, 64 Connaught Road Central, HK)
Fee: HK$1,000(For CMA Member)/ HK$1100 (For Non-CMA Members) [Lunch not included]
Language: Cantonese
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 info@hmi.hk.
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| Free Expense Audit Service |
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What effect would 20% reduction in overhead costs have on your business?
HMI Consulting now partners with Expense Reduction Analysts to offer 1-hour free advisory meeting and audit service to help top management to identify core expense reduction opportunities. Expense Reduction Analysts (ERA), the leading specialists in expense reduction implementation, can help to bring your overhead costs down without sacrificing quality, at no risk to you. ERA focus on overhead expenses which are rather common across industries.
“ERA category expertise and no saving no fee remuneration were of great interest to us. We were particularly pleased with the way that they consulted and worked with our people. The results that they achieved are outstanding and the extra cost savings have dropped to the bottom lines as profit” - OPSM
For more information about the free expense audit service, please call (852) 3627 3673 or email to info@hmi.hk.
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| January 2011 HR Highlights |
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Economic Overview
It is reported that with a flourishing labour market, many industries continue with their recruitment drive. Cathay Pacific conducted its first large-scale recruitment day this year to hire 800-1,000 cabin crews with a monthly salary of $16,000-$18,000. Recruitment in finance related industries like banking and insurance is also active, especially for frontline salespersons and product development staff. An HR consultant said a large-scale turnover after the Chinese New Year was expected with a salary increase of 10%. With an anticipated increasing number of IPOs this year, the demand for accountants and lawyers will continue to rise. Benefitted from the continuous growth in the tourism industry, two travel companies, Hong Tai and EGL Tours, offer their staff a bonus equals to one month’s salary while the latter also gives an average 3% salary increase to employees. The Labour Department is going to organize a recruitment day this week to provide over 2,600 jobs. Some 75% are full-time jobs offering a monthly salary of $6,000-$10,000 while the majority targets applicants with academic qualifications of Form 5 or below. [Source: HKET (A3, 8 Jan & A34, 10 Jan 2011) / Ming Pao Daily (A28, 10 Jan 2011)]Meanwhile, the inflationary pressure in HK is likely to worsen significantly this year with Consumer Price Index (CPI) jumping to 5%, Hang Seng Bank warned. The uptrend is in part due to mounting inflationary pressures on the Mainland given the close economic ties between the two. The bank said as the food prices in the Mainland tend up, it expects Mainland inflation to hover around 4%-5% on estimated GDP growth of 8%-9% in 2011. The GDP growth rate for HK in 2011 is projected at 4.5%-5%. [Source: China Daily (H2), 15 Jan 2011]For existing employees, they in general want to receive higher pay due to growing inflationary pressure. As such, a large-scale staff turnover after the Chinese New Year is expected, particularly for the finance, real estate and construction sectors. An HR consultant said employees of banking, real estate and construction sectors will receive a pay rise of 5%-10% this year, but with a change of jobs, the pay rise can reach as high as 30%. A recent employment survey reveals the two major reasons for employee turnover being dissatisfaction with current salary levels and the desire to change industry or field for greater career development. Meanwhile, the Hong Kong and Shanghai Bank Corporation is going to organize its first recruitment week this year to hire frontline staff providing financial services. The positions are opened for university graduates with at least three years relevant experiences and professional qualifications. [Source: HKET (A30), 14 Jan 2011]
Furthermore, HK employees can expect to receive on average a year-end bonus equals to 1.92 months’ salary, which is 28% higher than that recorded at 2008 at 1.5 months’ salary, according to a survey by a global HR consultancy firm. On average, staff at vice-president level and general level will receive bonuses equal to three-month’s salary and one-month’s salary respectively. The survey covered 934 companies in Asian Pacific region with 104 companies from HK. HK ranks 5th in terms of bonus amount while Singapore tops the list with 2.04 months’ salary.[Source: Apple Daily (A12), 16 Jan 2011]
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. |
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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