會長的話

錄自《人才薈萃》 2017年11月號

 

Dear members,

 

Research Insights to Inform HR Decisions

This issue brings members to a cover story highlighting the Institute’s 40 years of advancing and championing HR excellence and professionalism. It also features an interview with the chairperson of the Institute’s Research Committee who discusses the strategic research approaches of its four Sub-committees.

 

Speaking of research, the findings of the HKIHRM Hong Kong Pay Trend and Pay Level Survey 2017 were revealed on 3 November at the Pay Trend and Benefits Seminar. This year’s seminar was yet another success, with nearly 250 HR practitioners and business executives enjoying a fruitful day of learning from an excellent line-up of speakers including economists, HR experts, legal practitioners, and pay and benefits consultants. They shed light on Hong Kong’s current and future economic environment and offered updates on the latest trends in pay and benefits from legal and business perspectives.

 

The Institute conducted the annual Pay Trend Survey in August and September 2017 to track trends in pay adjustment, bonus incentives, and benefits between January and September 2017. It covered 95 companies from 16 business sectors involving 156,000 full-time salaried employees. The average pay rise in 2017 stood at 3.3%, with 98.9% of responding companies offering a pay rise. Only 1.1% had a pay freeze, while none implemented a pay cut. As for the projected pay adjustment in 2018, 48.9% indicated that they would offer a rise while 3.4% would implement a freeze. The remaining 47.7% did not provide a pay adjustment, due to differing pay review periods. Among those providing data on their 2018 base pay adjustment projection for January to April 2018, the weighted average pay rise for 2018 was 3.5%. This indicates employers’ cautiously optimistic approach to pay adjustments, reflecting the realistic labour market situation.

 

Hong Kong’s unemployment rate has remained low, ranging from 3.1% to 3.3%, since the beginning of 2017. Some business sectors such as construction, healthcare and elderly services, and retail face severe manpower shortages. Employers in certain sectors may need to enhance pay and benefits to attract and retain staff. In the mid- to longer term, apart from strengthening staff training and development, employers will be more inclined to increase investment in automation and innovative technology to relieve manpower shortages and optimise planning while enhancing the quality and efficiency of service delivery. 

 

Looking ahead, external economic and trade factors, plus the development of the government’s employment and labour policies, will pose potential operational and business challenges to employers, the city’s manpower demand, and pay rise levels in 2018.

 

On employment and labour benefits, the Chief Executive revealed in her 2017 policy address that the government will begin a study, and work on the enhancement, of maternity leave. Under the Employment Ordinance, eligible female employees in Hong Kong are entitled to a maximum 70 days of paid maternity leave, which lags behind other Asian economies such as mainland China, Japan, and New Zealand, which all stipulate 98 days of maternity leave, and Singapore 112 days. With the Hong Kong government inclined to enhance maternity leave benefits in its current term, the Institute, while well aware of the potential impact of enhanced maternity leave on pay and benefit practices, will conduct a survey in the coming months to gather members’ views and understand the extent to which improved maternity leave benefits may affect companies’ finances and manpower deployment practices. The insights obtained will be crucial to the Institute’s research and advocacy efforts, and help the government refine measures attuned to HR practices and trends.

 

On a final note, I would like to call on members to take the opportunity to register for the HKIHRM Annual Conference and Exhibition 2017 on 21 and 22 November at the Hong Kong Convention and Exhibition Centre. With its significance to the HR profession, it is definitely an event not to be missed. I look forward to seeing you there.

 

David Li

President of HKIHRM

 

(只有英文版本)


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