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Malaysian co-working space offers RM10,000 in referral fees

Malaysian company offers RM10,000 for each new hire     Marking a new stage in the competition for scarce talent in Malaysia, Colony Co-Working Space is now offering RM 10,000 (approximately HKD 20,000) in referral fees for each successful hire the company makes.     With ambitions to challenge the conventional concept of what an office…

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Key functional IT areas in demand

Hong Kong CIOs say IT education not meeting employer demand

An independent survey commissioned by recruitment firm Robert Half has reported that Hong Kong CIOs believe educators must focus more on key functional IT areas to meet the demands of the future employment market.   Hong Kong is increasingly confronted with a shortage of staff in many IT functional areas as employment in IT continues…

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Salary trends show in-demand financial and accounting positions

Global HR services company Randstad has released its latest list of the most in-demand accounting jobs in Hong Kong. The report showcases sought-after skills and key salary trends from the accounting and finance discipline in Hong Kong’s increasingly complex business climate. Keith Wong, Associate Director for Accounting and Finance, Randstad Hong Kong said, “Employers are looking for…

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Marajuana

Hiring managers still see need for drug screening despite legalisation

A recent survey of hiring managers found that the legalisation of marijuana in several US states has not changed how employers screen job applicants and employees for the drug. The survey, which was conducted by Employment Background Investigations, Inc. in late 2017, asked human resource professionals if the new laws would prompt them to reduce…

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Adventure Training

Adventure training increases resilience in office workers

Participation in mentally and physically demanding adventure training increases resilience in office workers. That is the central conclusion of research by Nicola Bass of the British Psychological Society’s Division of Occupational Psychology. Bass commented, “Building resilience in office-based staff is an aim for organisations, and we were keen to investigate whether staff working in office…

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Chinese Medicine

New compensation insurance expands coverage to traditional Chinese medicine

A load has been taken off the minds of employers in Singapore. Insurance company Chubb recently unveiled enhancements to its employee compensation insurance package Chubb Work Guard. At the core of the enhanced policy is a broader suite of insurance coverages, which have been designed to meet evolving business needs in the face of changing workplace…

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Respect and results

Respect and results key to success of APAC’s top employer

DHL Express attributes their 2018 Top Employer for Asia Pacific award to two core values—respect and results. Commenting on the award, Ken Lee, CEO, DHL Express Asia Pacific enthused, “The DHL culture is built on the two R’s: respect and results. When we value our employees, and provide them with opportunities to achieve, we’re able…

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True cost of poor recruitment practices shown by Korn Ferry

A new survey of professionals across the APAC region has found that, regardless of whether they felt the role was a good fit, 79% of job-seekers were unlikely to accept a job offer if they were treated poorly during the recruitment process. The survey, conducted by Korn Ferry, demonstrates how critical it is for organisations…

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AmCham 2017 Human Resources Conference reveals secrets to innovation

The AmCham 2017 Human Resources Conference kicked off a discussion about innovation in Hong Kong, with speakers from the HR, consulting and legal fields, among others. Keynote speaker Kate Bravery, Global Practices Leader, Career, Mercer began by speaking about HR’s future. Of particular note, she commented, “HR leaders need to become organisational mindset coaches.” In…

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The future of total rewards & employee wellness

The future of total rewards & employee wellness Featuring internationally respected thought leaders from the human resources profession. HR Magazine is one of the most respected and well-recognised brands in the HR sector. We’d love it if you and HR team from your company could join us to learn more how to build total rewards & employee…

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Dr Richard Claydon

CEO & Co-founder Organisational Misbehaviourists Dr Richard Claydon has consulted to and worked with HSBC, IBM, PWC, McKinsey, CEB, Gartner, Beiersdorf, Sony, Nokia, HP, MGSM, Copenhagen Business School, Newcastle University, The Danish Parliament, and Energie E2 Danmark. He has designed and taught MBA courses on Leadership and Change, and Organisational Behaviour and Communication. He also…

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Constance Yuen

Chief of Staff Cigna Hong Kong As the Chief of Staff of Cigna Hong Kong, Constance is responsible for developing and executing People Strategy to support the accelerated growth of Cigna Hong Kong’s business. In this role, Constance provides change leadership through organization diagnosis and consultation and builds capabilities through talent acquisition and development strategy…

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Helen Colquhoun, DLAPiper

  Partner and Head of Employment DLAPiper Hong Kong Helen Colquhoun is triple qualified in New York, England and Wales and Hong Kong. She advises employers across a range of industries on both contentious and non-contentious employment issues (particularly for international employers requiring Hong Kong, US and/or UK advice) such as risk management, restructuring, managing…

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Jenny Pong

Group Director, Human Resources JTH Group Jenny Pong is Group Director, Human Resources of JTH Group. She is responsible for the supervision and direction of the Group’s human resource programmes across the JTH Group in various markets. In addition to talent acquisition and, Jenny ensures organisational structure design to meet overall business objectives. Prior to…

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Yuman Chan

CEO and Country Manager Cigna Hong Kong Yuman Chan is Chief Executive Officer and Country Manager of Cigna Hong Kong. He is fully accountable for Cigna’s Hong Kong business, and responsible for growing the company by following Cigna’s mission to improve the health, wellbeing and providing a sense of security for the people it serves.…

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Jordan Kostelac

Senior Associate JLL Jordan Kostelac is a self-described Workplace Futurist and Change Experience Leader providing expertise on workplace optimisation, project management, user experience, process improvement and change management for JLL’s Corporate Consulting. He has led large-scale transformation efforts across Asia and North America including global initiatives. Prior to relocating to Hong Kong. he spent 13…

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Maria Hui

Director of Human Resources Microsoft Hong Kong Maria Hui oversees the day-to-day operations of all people-related programs to support the business transformation and growth. Her expertise lies in different aspects of human resources management, including recruitment, compensation, performance management, program design and execution, capability development and leadership development. Maria started her career as a management…

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Recruit, engage & develop talent via gamification + digitalisation

Featuring internationally respected thought leaders from the human resources profession. HR Magazine is one of the most respected and well-recognised brands in the HR sector.   KEY TOPICS COVERED: Gamification / digitalisation and organisational effectiveness. Current & future trends. Behavioural psychology & gamification / digitalisation. Resolving engagement crisis in HR through gamification/digitalisation. Examples of gamification/digitalisation in organisations. Recruitment via gamification / digitalisation and AI. Talent development through gamification/digitalisation. Encouraging innovation at work through gamification/digitalisation. How gamification…

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HR Book Review: Just Listen—Discover the Secret to Getting Through to Absolutely Anyone by Mark Goulston

Executives often feel frustrated when trying to communicate their ideas. They sometimes experience resistance from the people they need cooperation from and this resistance can slow down their progress. Just Listen tells how listening skills can break down resistance. It also outlines how the brain works, and  what really happens when two people talk. The…

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The HR Techvolution is here

The HR Techvolution

HR is undergoing a change. Not just a small one, but a fundamental seismic shift—a Techvolution. Traditional HR is being replaced by a new skilled and tech savvy one, with an appetite for change. This is a result of an increasingly Millennial workforce, which influences how social media, technology and distributed workspaces are changing attitudes…

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Training to go

Training to go

Responding to changing employee learning patterns, especially those amongst Millennials, offers great opportunities for innovative HR professionals. Apps in particular tap into the way that Millennials use technology. A great example of this is the Smart Learning app by Chow Tai Fook, which provides a multifunction platform to engage and train staff. As part of…

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Better Brand...Better Talent

Better brand…Better talent

Creating a compelling employee value proposition A golden opportunity to increase employee engagement, attract and retain top talent and even improve financial performance—could there be such a thing? Formalising an organisation’s EVP can do all of the above, and lead to productivity breakthroughs. According to recent research by Willis Towers Watson in Change and Communications…

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People Analytics with Kellie Egan

People analytics help businesses make better decisions

  As HR becomes more and more integrated into the business functions of organisations, leaders are recognising the power of data and people analytics. But how can data analytics best be used? HR Magazine spoke to Kellie Egan, VP People, Edrolo for her take. Egan began, “The HR industry is getting serious about people analytics,…

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Star Service HR

Hang Lung’s talent development successes as headcount doubles Janet Poon, General Manager – Human Resources, Hang Lung Properties has been with the Company since 2012 and helped transform their talent pool during a period of unprecedented expansion. She shares her innovative approach to talent attraction and retention to help fuel the Company’s phenomenal growth. Adaptive…

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One in five APAC job applicants submitted false information | HR Features - HR Magazine | HR Online

One in five APAC job applicants submitted false information

More than one in five background checks conducted on job candidates in APAC in 2016 identified inaccuracies in the information supplied by candidates. While the discrepancy rate has decreased from the previous year, it still remains almost three times higher than the global discrepancy rate of 9.7%. This disparity between APAC and global discrepancy rates…

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Staying ahead of the tech curve

Stefan Reis, CHRO, SAP explains why HR must grab technology by the horns to engage and retain the best talent HR has to work hard to stay ahead of the curve when it comes to rapidly evolving technology in today’s workplace. HR Magazine recently spoke with Stefan Ries, Chief Human Resources Officer, SAP to get…

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How to make networking less miserable | HR Features - HR Magazine | HR Online

How to make networking less miserable

By Andrew Marder, Small Business Expert, Capterra The worst part of networking is every single part of networking. The free snacks are okay, unless you get stuck with crudité. Everything else feels challenging, painful, or unproductive. You step into a room of other small business owners and managers with a pocketful of business cards, and…

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Legal Updates – August 2017

Government Bill gives employees right of reinstatement A new bill introduced into the Legislative Council this earlier year lays down new rights for employees who are illegally dismissed. The Employment (Amendment) Bill 2017 was introduced into the Legislative Council in May 2017. Notable among the Bill’s proposed changes is a new power for the Labour…

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Hong Kong ponders discrimination law shakeup | HR Legal - HR Magazine | HR Online

Hong Kong ponders discrimination law shakeup

The Hong Kong Government is considering four key changes to the existing anti-discrimination ordinances. The proposed changes have been brought forward following a consultation carried out by the Equal Opportunities Commission (EOC) in 2014 and are presently being considered by the Legislative (LegCo) Council Panel on Constitutional Affairs.   The four major changes The proposed…

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PRC Cybersecurity Law—What does it mean for HR managers? | HR Legal - HR Magazine | HR Online

PRC Cybersecurity Law—What does it mean for HR managers?

The Chinese Government passed the new PRC Cybersecurity Law on 7 November 2016 and it will take effect on 1 June 2017.  The Law is a clear indicator of an increased focus by the Chinese authorities on data protection and its broad scope and potentially wide-ranging effects may increase data protection and data security compliance…

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DLA Piper: flexible workforces | HR Legal - HR Magazine | HR Online

DLA Piper: flexible workforces

By Julia Gorham, Partner, Head of Employment—Asia, DLA Piper Changes in the modern workforce are now happening more radically and rapidly than ever. According to a report published by the International Labour Organisation in 2015, informal employment, very short term contracts, contingent freelance workers, homeworking and irregular working hours are becoming more and more widespread.…

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HK Competition Ordinance—Why HR needs to tread more carefully in 2016 | HR Legal - HR Magazine | HR Online

HK Competition Ordinance—Why HR needs to tread more carefully in 2016

The Hong Kong Competition Ordinance (Cap. 619) (Ordinance) came into effect on 14 December 2015. Anti-trust laws have been long-established in the US, Europe and Australia—they make for good business practice. In Hong Kong, the Competition Commission has stated that it is ready to be ‘an effective enforcer of the competition law which will support Hong Kong’s open economy by ensuring fair…

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Claims of harassment: how far can they go? | HR Legal - HR Magazine | HR Online

Claims of harassment: how far can they go?

By Anita Lam, Of Counsel, DLA Piper Hong Kong Harassment is generally associated with appreciably more conflict in work teams as well as with less team cohesion and less success in meeting financial goals. Eliminating harassment in the workplace therefore makes good moral sense, legal sense as well as business sense. It may now also…

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Hong Kong’s mandatory paternity leave “disappointing” | HR Features - HR Magazine | HR Online

Hong Kong’s mandatory paternity leave “disappointing”

After years of debate, a mandatory 3 day paternity leave on 80% pay was finally passed by Hong Kong’s Legislative Council last Friday. Although many welcome the long-awaited law, others, such as Community Business, have expressed disappointed by the focus on operational cost which has led to this “baby step” for Hong Kong, an international…

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Frisky Business: the dangers of workplace romances | HR Legal - HR Magazine | HR Online

Frisky Business: the dangers of workplace romances

By Pattie Walsh (Partner) and Naveen Qureshi (Associate), DLA Piper Hong Kong Given the amount of time people in Hong Kong spend in the workplace, it is perhaps inevitable that personal relationships will flourish. Many people are more likely to meet a partner at work than anywhere else. This then raises the question as to…

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Healing China’s expat headache | HR Legal - HR Magazine | HR Online

Healing China’s expat headache

The opening of new markets in China in the past few years has created an explosion of job opportunities and a flourishing demand for skilled expatriate workers, with latest census figures revealing a leap from 74,000 to 220,000 foreign employees between 2000 and 2011. Sending expatriates to China, however, has proven to be a headache…

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Hong Kong’s first ever ‘Community Service Marathon' | HR Lifestyle - HR Magazine | HR Online

Hong Kong’s first ever ‘Community Service Marathon’

HandsOn Hong Kong and the Hong Kong Council of Social Service (HKCSS) will co-host Serve-a-thon—the city’s first ever ‘Community Service Marathon’ and largest collective volunteerism based event. In Hong Kong, 20,000 more people lived below the poverty line in 2015 than in the previous year—bringing the total number of impoverished people in Hong Kong to…

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Mental Illness in the Workplace | HR Lifestyle - HR Magazine | HR Online

Mental Illness in the Workplace

By Henry G. Harder, Shannon Wagner, and Josh Rash Review by Amie Filcher Mental health in the workplace is becoming an increasing concern costing businesses billions of dollars every year in loss of productivity, poor treatments and employee retention. Mental Illness in the Workplace provides a comprehensive guide to identifying, understanding, treating and preventing individual…

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Lead to Succeed | HR Lifestyle - HR Magazine | HR Online

Lead to Succeed

By Chris Roebuck “To deliver real success, people must be inspired to be their best.” Lead to Succeed promises to deliver success and provides fundamentals for leaders to transform their own and other people’s performances. Professor Chris Roebuck introduces the Mach 2 Performance Programme, which aims to increase people’s performance and engagement in the workplace.…

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A Field Guide for Organisation Development | HR Lifestyle - HR Magazine | HR Online

A Field Guide for Organisation Development

Taking Theory into Practice~ Edited by Ed Griffin, Mike Alsop, Martin Saville and Grahame Smith A Field Guide for Organisation Development offers a variety of perspectives and experiences from researchers and practitioners on Organisation Development, a concept that many organisations find difficult to tackle. The editors have created a practical and accessible field guide that…

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Success through a healthier workforce | HR News - HR Magazine | HR Online

Success through a healthier workforce

The connection between health and job performance is widely known, and many employers are now realising that success can only be achieved by a healthy workforce. Many HR departments are taking steps to integrate healthy living initiatives to help motivate their workforce to stay healthy and safe at home and on the job, with the…

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Keeping staff healthy, staying competitive | HR Features - HR Magazine | HR Online

Keeping staff healthy, staying competitive

With hundreds of thousands of working days lost to sick leave in Hong Kong each year, companies are understandably keen to keep their workforces healthy. But encouraging workers to take better care of themselves is not always an easy task, particularly given Hong Kong’s culture of long working hours and the multiple demands upon people’s time.…

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Creating Balance & Finding Happiness

By Diane Lang, MA  This publication serves as a happiness toolkit—a handy-sized reference book on how to find harmony when faced with the mounting and often conflicting pressures of work and home life. It offers simple, realistic and easy-to-use tips for happiness. According to Lang, many employees work anywhere between 60 and 80 hours a…

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Four steps to a 'good' day at work | HR Lifestyle - HR Magazine | HR Online

Four steps to a ‘good’ day at work

It is often argued that a happy workforce is a productive one and the secret to contentment in the office may be only four simple steps away, according to new research conducted among more than 3,000 Australian and New Zealand employees. When RedBalloon for Corporate asked participants what they desire to see at work, ‘More…

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Workplace confessional | HR Lifestyle - HR Magazine | HR Online

Workplace confessional

You may love your job–but probably not everything about it. Even working in a cubicle doesn’t mean you’re walled off from office irritations. A new survey commissioned by Citrix reveals the top reasons why office workers say they need to break away. Colleagues from hell Workplace bonding can be a good thing, but some rituals…

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Nurturing professionals for smart cities: way forward for cutting edge technology in education

Nurturing professionals the way forward The Hong Kong Government has made it clear—the future of Hong Kong is as a ‘Smart City’. What makes it so smart is that it nurtures professionals bringing people and technology together in a way that provides a happier, more productive living environment with smart living, a smart environment and smart…

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Smart Hong Kong initiative expected to lead to more job opportunities and higher salary for IT workers

45% of Hong Kong CIOs believe the government’s Smart City initiatives will lead to increased job opportunities for IT workers. 21% think it will lead to an increase in average salaries in the IT market. 92% find it more challenging to find qualified IT professionals compared to five years ago. With the Hong Kong government’s…

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EdTech helping fill talent gap

A 2017 report from the U.S. Chamber of Commerce has given additional insight into the rising demand for skilled labour across the US. Among those surveyed by the Chamber of Commerce, roughly two-thirds of employers said that they will be hiring new employees over the next month, but approximately 95% noted difficulty in finding skilled workers…

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Automation a positive catalyst of change within the HK workplace

72% of Hong Kong CFOs agree workplace automation will not cause a loss of jobs, but a shift in required skill sets is needed. The top skills finance professionals need to focus on as a result of automation are: problem-solving skills, strategic vision, flexibility/ability to adapt and communication. According to Hong Kong CFOs, the top…

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Staying ahead of the tech curve

Stefan Reis, CHRO, SAP explains why HR must grab technology by the horns to engage and retain the best talent HR has to work hard to stay ahead of the curve when it comes to rapidly evolving technology in today’s workplace. HR Magazine recently spoke with Stefan Ries, Chief Human Resources Officer, SAP to get…

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Automation: C-3PO took my job! | HR News - HR Magazine | HR Online

Automation: C-3PO took my job!

Break neck speed advances in technology are having an impact on those in IT. 62% of technology professionals in APAC believe a significant part of their job will be subjected to automation within the next 10 years, rendering their current skills redundant, according to the findings of the Harvey Nash Technology Survey 2017. 62% is…

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Getting HR into the fast lane | HR Features - HR Magazine | HR Online

Getting HR into the fast lane

Cutting down time-consuming processes to help HR deliver accurate results quickly HR knows all too well that managing headcount is time-consuming and, at worst, convoluted and complex—especially in larger organisations. Pressure is on HR to become more strategic but balancing this with cumbersome operational roadblocks is a major challenge. HR Magazine recently met with Ashley…

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Innovation to navigate recruitment minefields | HR Technology - HR Magazine | HR Online

Innovation to navigate recruitment minefields

Recruitment has long involved picking up the telephone, networking outside for candidates and screening the hundreds of CVs that pass recruiters’ desks every month. In recent years, tools such as LinkedIn have enhanced the ability of recruiters to accomplish such tasks—but the ground under their feet is fast-moving. Filtering out noise Simon Bradberry, Managing Director—Asia Pacific, Resource Solutions remarked at a recruitment…

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Employees—greatest cyber security risk | HR Technology - HR Magazine | HR Online

Employees—greatest cyber security risk

Employees are the lifeblood of an organisation, technology helps facilitate ways in which they can work at their optimum. But is this always the case? According to 56% of nearly 2,000 information security experts worldwide in EY’s latest Global Information Security Survey 2015, employees are considered to be the most likely source of cyber attacks within organisations. What’s more, in Hong Kong and China,…

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Nurturing professionals for smart cities: way forward for cutting edge technology in education

Nurturing professionals the way forward The Hong Kong Government has made it clear—the future of Hong Kong is as a ‘Smart City’. What makes it so smart is that it nurtures professionals bringing people and technology together in a way that provides a happier, more productive living environment with smart living, a smart environment and smart…

Read More
HKMA Award for Excellence in Training and Development 2017 | HR Community - HR Magazine | HR Online

HKMA Award for Excellence in Training and Development 2017

With the 26th HKMA Awards in the pipeline, organisations are clamouring to show off their commitment to L&D and how they have built their bespoke training programmes. The awards are a commendation to those who have worked extensively to develop training that is not only effective, but conscious of the human impact. Trainers from a…

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The harder you fall, the higher you bounce | HR Training - HR Magazine | HR Online

The harder you fall, the higher you bounce

We have all been there—trapped in a long, boring training session in a windowless office that is either far too hot or cold. It is quite often the norm for team building, and while it is sometimes necessary to be in the classroom, a more interactive approach demanding energy expulsion may be more beneficial. Sport…

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NEBOSH revise H&S diplomas | HR News - HR Magazine | HR Online

NEBOSH revise H&S diplomas

The National Examining Board in Occupational Safety and Health (NEBOSH) offers a range of vocationally-related qualifications to meet workplace health, safety, environmental and risk management need in both public and private sectors. The body has just announced revised syllabuses for its National and International Diplomas in Occupational Health and Safety to better align the two…

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Snow, ice and lost lifeboats—team building on the South Pole | HR Training - HR Magazine | HR Online

Snow, ice and lost lifeboats—team building on the South Pole

HR Magazine was invited to join the ‘Shackleton Challenge’—a highly unique training day to stimulate team-work and facilitate team-building in a challenging, rewarding and exhilarating fashion. The day was organised by AETG and conducted by Colin Tan, Managing Director & Chief Executive Coach, MetaNoia Intervention. After being fed and watered, the participants were tasked with…

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Nurturing talent | HR Training - HR Magazine | HR Online

Nurturing talent

AIA setting the pace for developing leaders of tomorrow In March, HR Magazine attended the opening of the brand new AIA Leadership Centre in Bangkok. The insurance giant is once again leading the way through its commitment to enhancing the quality, effectiveness and professionalism of its people. We spoke with Shu Khoo, Group Chief Human…

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A chance for 50 ambitious youngsters to become Adecco ‘CEOs for One Month’ | HR News - HR Magazine | HR Online

A chance for 50 ambitious youngsters to become Adecco ‘CEOs for One Month’

A springboard to brighter career prospects, with one candidate proceeding to become Adecco Group ‘CEO for One Month’ alongside Alain Dehaze Adecco Group, a HR solutions provider, is giving 50 entrepreneurial and ambitious youngsters the chance to become ‘CEO for One Month’ alongside the Adecco top management in their home countries. Online applications will be…

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Organisational Coaching: What it is, how it has evolved and the future | HR Features - HR Magazine | HR Online

Organisational Coaching: What it is, how it has evolved and the future

By John Raymond, Head of Coaching, IECL What is Organisational Coaching? There is still much confusion between different fields of coaching including organisational, life and business coaching. If one looks at the definitions, we see, Coaching itself is a goal-oriented, solution-focused, question-based conversation to support the development of the trainee and achievement of their goals.…

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Lifting the vision: why organisations need to develop new generation leaders now | HR Training - HR Magazine | HR Online

Lifting the vision: why organisations need to develop new generation leaders now

Knowing the best way to manage and develop Generation Y and Millennials into the next generation leaders is often the subject of intense debate within and amongst organisations. Though what most are in agreement about is that managing the newer generations—who will make up the majority of the workforce by 2020—will require new skills and…

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Malaysian co-working space offers RM10,000 in referral fees

Malaysian company offers RM10,000 for each new hire

 

 

Marking a new stage in the competition for scarce talent in Malaysia, Colony Co-Working Space is now offering RM 10,000 (approximately HKD 20,000) in referral fees for each successful hire the company makes.

 

 

With ambitions to challenge the conventional concept of what an office is, Colony provides facilities such as nap rooms, kids’ areas, a gym, a swimming pool and Espressolab Coffee to its tenants.

 

 

Timothy Tiah, Co-Founder and Executive Director, Colony explained, “At Colony, we believe that our success lies in our ability to revolutionise our guests’ working experience, which ultimately comes down to the people we have working both behind the scenes and at the front of the office day-in and day-out. Getting talented and passionate individuals who fit our culture has always been a core focus for us."

 

 

 

 

Passionate people make a co-working space a great experience

Hong Kong CIOs say IT education not meeting employer demand

An independent survey commissioned by recruitment firm Robert Half has reported that Hong Kong CIOs believe educators must focus more on key functional IT areas to meet the demands of the future employment market.

 

Hong Kong is increasingly confronted with a shortage of staff in many IT functional areas as employment in IT continues to boom.  Areas in which greater attention is needed from educators include software/application development, with 47% of CIOs calling for enhanced training, as well as 41% calling for more training with digitalisation, 35% for IT security, 31% for data/database management  and 31% for business transformation.

 

More than 92% of Hong Kong CIOs report that it is more challenging to find qualified IT professionals now compared to five years ago, highlighting the importance of educational institutions supplementing the number of skilled IT staff in the employment market and helping to up-skill existing technology staff.

 

Adam Johnston, Managing Director, Robert Half Hong Kong commented, “Technology is changing continuously and rapidly, and so too must the skillsets of IT professionals in order to adequately address the future jobs market. Education systems and institutions play a key role, not just to guarantee a continuous influx of skilled IT professionals into the employment market, but also to help up-skill existing staff. To keep pace with market demands, educators need to ensure their STEM qualifications, courses and degrees evolve at a similar pace as technology does.”

 

Johnson concluded, “While education providers are of great importance, a comprehensive approach where education institutions work in conjunction with the wider business community and government initiatives is key in order to successfully overcome the talent shortage.  IT careers need to be marketed as attractive career paths, with the benefits and advantages clearly communicated to aspiring technology professionals.”

Key functional IT areas in demand

CIOs believe Hong Kong must focus more on IT

The future of total rewards & employee wellness

The future of total rewards & employee wellness

Featuring internationally respected thought leaders from the human resources profession. HR Magazine is one of the most respected and well-recognised brands in the HR sector.

We’d love it if you and HR team from your company could join us to learn more how to build total rewards & employee wellness environment that helps HR to recruit, train up and retain the brightest talent.

Key topics:

  • The future of compensation and benefits
  • Implementation of Share Unit Plans
  • Global reward challenges
  • The workplace of the future – flexible working
  • Executive remuneration
  • Wellbeing strategies in the workplace
  • Pay equity – what’s working what’s not
  • Remuneration strategies
  • Flexible benefits
  • Healthcare & wellbeing
  • Non-monetary rewards and recognition
  • EVP and engagement

Salary trends show in-demand financial and accounting positions

Global HR services company Randstad has released its latest list of the most in-demand accounting jobs in Hong Kong. The report showcases sought-after skills and key salary trends from the accounting and finance discipline in Hong Kong’s increasingly complex business climate.

Keith Wong, Associate Director for Accounting and Finance, Randstad Hong Kong said, “Employers are looking for finance talent who not only exhibit strong personal attributes and technical experience, but are also commercial-savvy individuals who can drive and support business growth in the region. The roles in our latest report highlight the influence digital disruptions have on the job market, both in Hong Kong and internationally.”

Below is the list of the five most in-demand accounting jobs in Hong Kong:

  1. Financial planners and analysts

The finance function is evolving from a back-end support role to one that requires close collaboration with business leaders to drive financial profitability and strategic business direction.

Given the increasingly competitive market across all industries, financial planners and analysts play a key role in identifying opportunities for performance optimisation and cost reduction while driving revenue growth.

Companies today are increasingly seeking finance talent who have an in-depth understanding of business challenges and can act as strong business partners. These finance professionals proactively engage with stakeholders to formulate analytic dashboards that can provide financial visibility, give business insights and champion new initiatives.

What they earn:

HKD 300k-500k p.a.—analyst

HKD 600k-800k p.a.—manager

HKD 900k-1.2m p.a.—director

  1. Tax professionals

Given Hong Kong’s central location in the growing APAC market, it is the regional hub of choice for many companies. Increasing pressure from tax authorities has also heightened the need for qualified tax professionals to keep abreast of the latest tax legislation, particularly in complex markets such as China, India, Indonesia and Thailand, and devise tax-efficient corporate structures to achieve targeted earnings.

As companies continue to expand through M&A, tax professionals play a critical role in evaluating tax implications and minimising tax exposure. Corporate tax remains the most in-demand sub-specialisation with increasing focus on transfer pricing due to stricter economic sanctions.

What they earn:

HKD 350k-500k p.a.—analyst

HKD 600k-800k p.a.—manager

HKD 900k-1.2m p.a.—director

  1. Corporate finance

Corporate finance roles in M&A and investments are increasingly being sought after by clients in Hong Kong due to the development of two major sectors—property and IT. With large, blue chip IT sector companies looking to combine with smaller IT companies, we see an increased demand for investment professionals within the IT industry who know the full M&A process and possess the ability to sniff out the best deals in the market.

Corporate finance professionals are also sought after by IT start-ups, as founders are keen to secure greater levels of investment to. Some start-ups are even approaching seasoned CFOs to help them spearhead fundraising efforts.

There has also been a large influx of roles at Asian multinationals, particularly in technology, financial services and property. Given Xi Jinping’s central directive in pushing Chinese MNCs to enter the global scene, a large number of these vacancies lie within treasury and investment specialisations at Chinese companies.

What they earn:

HKD 600k-900k p.a.—manager

HKD 1.2m-2.4m p.a.—director

  1. Internal auditors

Companies are expanding their internal audit teams as the business environment of Hong Kong becomes increasingly complex. Digital disruption and the increased business reliance on IT infrastructure are causing many companies to take a more serious look at their IT audit plans in particular.

Commercial MNCs are increasingly putting more emphasis on internal auditing challenges such as risk management and in cases of well-funded corporate environments, business continuity management and disaster recovery planning.

Couple these factors with a general shortage of experienced internal auditors at the managerial and senior managerial level due to demanding travel requirements and you have a highly in-demand role.

What they earn:

HKD 400k-600k p.a.—senior

HKD 700k-900k p.a.—manager

HKD 1.2m-2m p.a.—director

  1. Finance transformation leaders

With a focus on long-term strategy planning, companies are initiating finance transformation projects to create more robust operating models. Finance leaders will play a critical role in developing and driving the right strategies to ensure alignment with strategic objectives, and there is a growing demand for highly experienced finance professionals with change management experience.

What they earn:

HKD 1.2m-2m p.a.—director

Hiring managers still see need for drug screening despite legalisation

A recent survey of hiring managers found that the legalisation of marijuana in several US states has not changed how employers screen job applicants and employees for the drug. The survey, which was conducted by Employment Background Investigations, Inc. in late 2017, asked human resource professionals if the new laws would prompt them to reduce or alter their drug screening programmes in any way.

More than 70% of respondents said that job applicants and employees will continue to be screened for marijuana use, even in states where it has been legalised. The top concern according to hiring managers is employee safety, followed by liability and insurance issues, and lastly, job performance.

Most interestingly, despite legalisation, more than half of those surveyed said a positive marijuana test would automatically disqualify an applicant from employment.

Robert Capwell, Chief Knowledge Officer, EBI remarked, "Legalisation of marijuana should not, and at this point does not, alter corporate policies regarding drug screening. Even in states where recreational marijuana is legal, the law allows employers to maintain a drug-free workplace. Employers are still well within their right to turn down an applicant who tests positive for marijuana use."

Adventure training increases resilience in office workers

Adventure Training

Participation in mentally and physically demanding adventure training increases resilience in office workers. That is the central conclusion of research by Nicola Bass of the British Psychological Society’s Division of Occupational Psychology.

Bass commented, “Building resilience in office-based staff is an aim for organisations, and we were keen to investigate whether staff working in office environments but with potential access to demanding Army Adventurous Training are more resilient than their peers.”

A sample of 92 serving Regular and Reserve Army Officers currently working in office environments were recruited for the study, half of whom had participated in an adventurous training activity lasting for at least five days within the previous nine months.

Aged between 24 and 55, the participants completed a questionnaire that measured their levels of resilience, with the group who had recently participated in the training scoring significantly higher than those who had not.

Army Adventurous Training is designed to develop qualities such as leadership and teamwork through challenging outdoor activities, which can include canoeing, freefall parachuting and mountain biking.

Bass added, “Our research showed that recent participation in Army Adventurous Training can make staff currently working in an office environment more resilient. Building resilience with a view to increasing productivity is a hot topic for a number of organisations, and on the back of this research we would recommend that consideration should be given to sending staff on training that challenges them in this way.”

 

New compensation insurance expands coverage to traditional Chinese medicine

Chinese Medicine

A load has been taken off the minds of employers in Singapore. Insurance company Chubb recently unveiled enhancements to its employee compensation insurance package Chubb Work Guard.

At the core of the enhanced policy is a broader suite of insurance coverages, which have been designed to meet evolving business needs in the face of changing workplace safety and health management systems in Singapore.

Chubb Work Guard offers coverage for Hospitalisation Leave, as well as Non-Occupational Accidental Death and Total Permanent Disability—both of which are beyond statutory requirements. Twelve new benefits have also been added:

  • Traditional Chinese medicine expenses
  • Replacement staff / recruitment costs
  • Funeral expenses
  • Continuous worldwide bed confinement
  • Accidental HIV infection treatment
  • Terrorism benefit – injury (lump sum)
  • Terrorism benefit – witness (lump sum)
  • Terrorism benefit – incapacity (lump sum)
  • Workplace trauma benefit
  • 24-hour cover on worldwide business travel
  • Travelling to and from work (excluding travelling on two-wheelers)
  • Contingent liability to independent contractors

Adam Clifford, Country President, Singapore, Chubb commented, "To ensure a holistic and progressive solution for businesses in Singapore, we have redesigned our product offering so that it remains competitive and tailored to our clients' needs. With our deep market insight and commitment to quality service, we aim to provide a best-in-class solution for our existing and potential clients so they have adequate protection to mitigate the impact of a workplace accident."

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Respect and results key to success of APAC’s top employer

Respect and results

DHL Express attributes their 2018 Top Employer for Asia Pacific award to two core values—respect and results.

Commenting on the award, Ken Lee, CEO, DHL Express Asia Pacific enthused, "The DHL culture is built on the two R's: respect and results. When we value our employees, and provide them with opportunities to achieve, we're able to deliver the world-class results that our customers rely on to grow their businesses."

The Top Employer award also recognised DHL Express' sustained investment in talent growth, including its Certified International Specialist and Certified International Manager programmes that have trained over 43,000 employees in Asia Pacific. Nearly 75% of executive positions in the region end up being filled by internal candidates thanks to the company's talent development initiatives, and—perhaps most impressively—women hold one in three management roles.

A. Mateen, Senior Vice President, Human Resources, DHL Express Asia Pacific added, "Diversity in leadership and the workplace help us better understand the full range of our customers' needs and stories—resulting in more effective service for their businesses. Thanks to a strong Diversity Management framework in place, coupled with comprehensive feedback from our annual Employee Opinion Survey, we've established a workplace culture where everyone has not only a voice, but also the opportunity to grow to their full potential."

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True cost of poor recruitment practices shown by Korn Ferry

A new survey of professionals across the APAC region has found that, regardless of whether they felt the role was a good fit, 79% of job-seekers were unlikely to accept a job offer if they were treated poorly during the recruitment process. The survey, conducted by Korn Ferry, demonstrates how critical it is for organisations to place a strong emphasis on candidate experience during the recruitment process.

Only 14% of job-seekers would remain customers of a company if they had a bad experience as a candidate, with over half going as far as to urge their friends and family members to stop being customers. A quarter of respondents also said that they would consider taking to social media to share their bad experience.

Pip Eastman, Managing Director, APAC, Korn Ferry commented, “By failing to employ an effective and informative environment during the hiring process, businesses face alienating top candidates and losing potentially loyal customers. This means wasted money and time, and a potential loss of revenue through customer loss.”

When asked what would aggravate them most during the recruiting process two issues came out on top. Whilst more than two-fifths said not hearing back from the recruiter or hiring manager would aggravate them most, almost a third pointed to people being rude during an interview.

Eastman continued, “There is absolutely no excuse for recruiters and hiring managers to not respond to candidates, even if that communication is electronic. New technology and AI tools are automating many of the traditionally manual recruiting tasks, freeing up time for recruiters to provide stronger candidate care and strategic counsel to their clients.”

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