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.style1 { COLOR: #e99999; FONT-WEIGHT: bold } March 2011 March 11, 11 - Training Workshop on Performance Appraisal Syatem Design March 16, 11 - Training Workshop on Strategic Compensation Design March 28, 11 - Training Workshop on Practical Skills for handling Difficult Customers April 8, 11 - Training Workshop on Supervisory Skills and Team Management April 12, 11 - Training Workshop on Leading, Managing, Engaging Generation Y April 13, 11 - Training Workshop on Corporate Performance Mgt through KPI Setting April 19, 11 - Training Workshop on High Impact on English Email & Report Writing April 20, 11 - Training Workshop on Effective Account Management & Selling Skills April 28, 11 - Training Workshop on Strategic Finance Management for Managers April 29, 11 - Training Workshop on Practical Project Management More Events Q: What are the common ways to evaluate Training Effectiveness? A: Common methods to measure the effectiveness of a training workshop include: • Training Evaluation to assess participants’ satisfaction on different aspects of workshop• Test/ Skill Audit to evaluate the knowledge/ skill level of participants• Behavior Index to assess changes of participants’ behavior after training• Performance Indicators to link the training effectiveness with business results HMI Perfprmance Management Seminar- Performance Management as a Tool for Corporate Strategy Alignment , April 1, 2011 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 organization communicate corporate policies, clarify responsibilities of departments and transform strategic directives into Key Performance Indicators (KPIs) in different perspectives. Through cascading of corporate objectives and goals, corporate strategies can be transformed into actionable individual tasks that enable systematic assessment on corporate and departmental performance and alignment with corporate strategies. Seminar Objectives- To assist companies in Hong Kong to advance corporate alignment via performance management- To equip participants with practical advices on how to cascade corporate objectives to individual levels- To demonstrate how technology can enable easy implementation of performance management- To share success cases in performance management and corporate strategy alignmentDateUpcoming Event!Training Workshop on Strategic Finance Management for Managers, 28 April 2011 All too often, a manager's performance is measured by how effectively they oversee departmental budgets. To succeed as a non-financial manager, knowledge of basic financial principles and the budgeting process is critical. This course transforms financial and accounting concepts into decision-making tools you can use successfully every day. You will learn to apply the fundamentals of finance to improve budget management, increase potential profits, and assess the financial viability of projects.Workshop Content:• The key building blocks of financial control• Cost and management accounting• Understanding and interpretation of financial statements• Company analysis via analytical tools and ratios• Introduction to internal control• Evaluating the worth of a project• Managing a profit center or cost center• Absorption, marginal and activity-based costing• The unique features of project costing• Estimating project duration and future cost• Anticipating problems using cost control• Making estimates based on incomplete information• Choosing projects that optimize profit• Return on Investment (ROI) and Payback Period• Discounted cash flow (DCF), Present Value (PV)Date: 28 April 2011(9:30am - 5:00pm, Lunch Hour: 12:30pm -2:00pm)Venue: 4/F Opulent Building, 402-6 Hennessy Road, Wanchai, Hong KongFee: HK$1100 [Lunch not included]Language: CantoneseTo 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. Free Expense Audit Service 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. February 2011 HR Highlights Economic Overview The labour market continues to improve as HK’s jobless rate fell to its lowest level in more than two years. The unemployment rate for the three months ended 31 Jan was 3.8%, down a further 0.2% from the 4% recorded during the previous three-month October-December reporting period, according to the Census and Statistics Department. The number of unemployed has fallen notably to 130,200 and total employment increased for the eighth consecutive month to an all-time high of 3.58 million followed by sustained economic growth and job creation. The underemployment rate remained unchanged at 1.8% for the three months through 31 Jan from the fourth quarter last year. The HSBC, however, pointed out that the flourishing labour market might push up wages and thus lead to higher inflation. [Source: HKET (A3)/HKEJ (P.4)/China Daily (H2), 22 Feb 11]Meanwhile, HK’s Consumer Price Index rose to 3.6% from 3.1% in December 2010, the highest since August 2008 according to figures released by the Census and Statistics Department. The higher inflation rate reflected increases in food prices and private housing rents. The government said HK’s economy is likely to face high price pressures in the coming months due to sustained growth in global food and commodity prices, high inflation rates among trading partners as well as strong local economic condition. An economist stated that the continually improved employment condition will also stimulate consumption, thus further pushes up inflation in the year. [Source: HKEJ (P.4)/ The Standard (P.4)/ China Daily (H2), 23 Feb 11]Under the boosting economy, over 50% companies plan to hire more staff this year, a survey conducted by a multinational human resources company found. 600 companies in HK, Mainland and Singapore were interviewed on their hiring intentions this year. It is found that sales and financial accounting are the sectors with greatest hiring intentions and difficulties in hiring. In general, the surveyed companies plan to offer 3%-6% pay rise this year while pay rise for sectors like finance and IT may reach 10%-20%. In addition, 36% companies revealed that the need for overtime work increased in the past 12 months with an average of 5-10 hours per week. [Source: HKET (A6)/Sing Tao Daily (A10), 16 Feb 11] Whereas in PRC, inflation is eating into corporate earnings on the Mainland according to the official China Securities Journal. Among the companies listed on the Shanghai and Shenzhen stock exchanges, one fifth, i.e. 278 companies, were reporting losses or profit declines for last year. Machinery makers, manufacturers of steel products, chemical firms and brokerages were among the worst performers last year. Analyst predicted that profit growth would slow to 15% in 2010 and corporate earnings growth would further slow down this year amid government’s monetary tightening. [Source: SCMP (B3), 11 Feb 11] Vacancy fulfillment is another issue faced by PRC companies. Labour shortage was further intensified in the Pearl River Delta. In Dongguan, the official figures showed that of the 3.5 million workers who went home during the Chinese New Year, only 1.6 million workers returned so far. In Shenzhen, the official figures showed that some 200,000 workers are needed. At two recruitment seminars held in Huizhou that offered 12,000 jobs, only 2,000 candidates attended. In Foshan, only 370,000 workers returned to city to work after the Chinese New Year and labour shortage reaches 80,000. Many corporations offer a 20% pay rise to attract workers. [Source: HKET (A17), 18 Feb 11] 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 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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