President / Vice President’s Message

HR Journal (Sep & Oct 2019 Issue)

 

Human Capital Spurs Sustainable Development

 

Dear Members,

 

The Policy Address season is upon us once again. We have been invited by the Government to share our professional views and insights, for which we submitted our four-pronged advocacy in early August. 

 

Human capital is the cornerstone on which our city’s sustainable development is built – it is what makes Hong Kong, uniquely Hong Kong. To attract and retain talents, learning and development programmes need to be continuously revamped to boost our city’s competitiveness amid looming economic uncertainties. Building our talent pool is key to our sustainability as a top business hub in Asia and securing a leading role in the Greater Bay Area.


Due to our ageing population, Hong Kong will be confronted with a manpower gap in the region of 170,000 by 2027. To tackle this issue head on, more measures have to be initiated, e.g. helping “young olds” lead fruitful lives by staying in or rejoining the workforce.
Regular reviews of Hong Kong’s retirement protection system need to be conducted, to ensure the retirees’ quality of life can be maintained. Family-friendly employment is also one of our main advocacy areas, with better maternity benefits and family-friendly support to encourage more female employees to stay in the workforce. 

 

Looking ahead, there will be two key events of the Institute which I would like to highlight. 

 

Entitled “HR at The Crossroads: Disruptive Innovation · Workforce Dynamics”, the HKIHRM Annual Conference & Exhibition 2019 will be held on 26 and 27 November. For those who want to keep their finger on the pulse of progressive trends in people management, registration for our flagship event is now available online. Our stellar lineup of speakers includes keynote speakers Rebecca Ray, Executive Vice President, Human Capital of The Conference Board, and John Tsang, the Founder of Esperanza and former Financial Secretary of Hong Kong. We are delighted to feature them in this issue where they share with us their vision and expertise on the future of work. An exhibition will also be held with reputable HR service providers showcasing the latest array of trends and solutions. 

 

The Pay Trend and Benefits Survey and Seminar, a signature event, is slated for 31 October 2019. From 2020 economic trends and outlook, to engaging employees with an inclusive rewards strategy, the event comes with a wealth of trending topics that serve as a catalyst for thoughtful discussion.

 

In recent months, we have witnessed happenings in Hong Kong which are unprecedented and controversial. As a professional and non-profit making organisation, HKIHRM has recently been misrepresented in a video circulated online. We would like to take this opportunity to clarify that the information in the video is wholly false and misleading. We have no association with any political parties or organisations and have never received or made donations to such organisations. For a full statement, you are welcome to visit our website and social media channels.

 

It is a time of challenges for Hong Kong, and we are witnessing an economic slowdown of a considerable magnitude which is going to last for some time. It is in difficult circumstances that we particularly need good HR professionals, not only to help their organisations to balance commercial needs with the right employment practices, but also to look at how to engage and assist employees, be it protecting their safety and wellbeing at work, or minimising the negative impact on employment prospects and job opportunities. Hong Kong has faced major challenges in one way or another in the past and we are confident that together, we will be able to overcome these trials and tribulations to thrive again.

 

Alice Wong
Vice President of HKIHRM


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