Performance evaluation is often perceived as a typical annual administrative HR exercise where the supervisors and subordinates are required to arrange a meeting time together for a few minutes. Howev…
Average Pay Rise for 2017 Projected at 3.5%
[2 November 2016 - Hong Kong] In a slowing economy and a challenging business environment, it is projected that Hong Kong employees may expect to receive a base pay adjustment of 3.5% on average in 2017, according to the 2016 Pay Trend Survey findings revealed by the Hong Kong Institute of Human Resource Management (HKIHRM) today.
Overall Average Staff Turnover Rate: 10.2% in First Half of 2016.
[20 October 2016 – Hong Kong] The Hong Kong Institute of Human Resource Management (HKIHRM) revealed the findings of The Half Yearly Survey on Manpower Statistics in 2016. An overall average staff turnover rate for the first half of 2016 was 10.2%, with a fall of 0.2 percentage point from 10.4% in the second half of 2015 while an average job vacancy rate of 5.2% was recorded for the first half of 2016, a drop of 1.3 percentage points from the second half of 2015. The hiring intention of the majority of companies remained positive for the second half of 2016 despite economic uncertainties.
HKIHRM Announces Winners of HR Excellence Awards 2015/16
[3 October 2016 – Hong Kong] Outstanding organisations and HR professionals were recognised for their remarkable people management strategies and practices that contributed to organisational success at the HKIHRM HR Excellence Awards Ceremony 2015/16 that took place at the Hong Kong Convention and Exhibition Centre on 20 September 2016. A total of 15 awards were presented to 11 winning organisations and individuals, with the Hong Kong Police Force being the biggest winner, taking home four awards including the “Grand Award of the Year”.
Hong Kong Companies Turn to Inside and Online Resources To Strengthen Employee Training Amid Economic Headwinds
[10 August 2016 - Hong Kong] Hong Kong companies have continued to invest in employee training and development to enhance human capital despite low hiring sentiment and economic slowdown, with an average budget set at 3.4% of employees’ annual salaries in 2015 for staff training and development, showing the first sign of drop in the past five years.