| Upcoming Events |
Dec 4, 07 - Singapore Chamber of Commerce Seminar: Establishing Pay-for-Performance Culture
Dec 12, 07 - Baptist University Executive Development Seminar Series:
Revitalize Your Passion: From Theory to Practice
Dec 19, 07 - Workshop on
Effective Selling Skills
Jan 16, 07 - Workshop on
Performance Appraisal System Design
Jan 22, 07 - Workshop on
Essential Project Management |
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| Do you know? |
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Q: What would be the consideration factors for salary adjustment?
A: The consideration factors for salary adjustment can be categorized in two perspectives: external and internal. The external factors usually refer to the market pay trends of a specific region whereas the internal factors can be the organization’s affordability and internal equities as well as the employee’s competence level, performance, relevant work experience and professional qualification, etc. |
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Breakfast Seminar on Pay-for-Performance Strategies
Hong Kong General Chamber of Commerce, Nov 22, 2007
We are proud to announce that the breakfast seminar on Pay-for-Performance Strategies hosted at Hong Kong General Chamber of Commerce (HKGCC) on Nov 22, 2007 was completed with an overwhelming success.
The seminar, co-organized by HMI Consulting Limited and Success Factors, Inc. (NASDAQ:SFSF), aimed to provide the best practices on performance and compensation management to HR practitioners in Hong Kong. Mr. Wilson Chu, Partner & Senior Consultant of HMI Consulting Limited (photo above), shared the strategies on tying staff performance with compensation to help achieve business objectives, while Mr. Francis Chan, Director of Asia Pacific, SuccessFactors Inc., shared the IT perspective on talent and performance management to compromise the Pay-for-Performance strategies.
"The seminar was informative and very helpful", said Ms. Fifi Tsai, Executive Director of Bonds Apparels International Ltd who attended the seminar, "We will most certainly retain your information, and seek for your professional services."
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November 2007 HR Highlights
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Pay Trend
According to the surveys conducted by research organizations, pay rises are predicted to range from 4% to 4.5% on average next year:
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Unemployment Rate |
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According to the latest labour force statistics released on 19 November 2007 by the Census and Statistics Department, the adjusted unemployment rate in August - October 2007 dropped to 3.9%, which is the lowest level since March - May 1998, in comparison with 4.1% in July – September 2007. Meanwhile, the underemployment rate increased from 2.2% to 2.3% with number of underemployed increased by around 1,700 over the same period.
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About HMI Consulting Limited
HMI Consulting is a leading HR consulting firm specializing in Performance Management, Compensation & Benefits Design, Employee 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
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