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Maternity Leave Extend to 14 Weeks in HK, Family Friendly Policies Are the New Normal?
The bill to increase statutory maternity leave from 10 weeks to 14 weeks has been passed and will be in force by the end of 2020. The government also intends to increase statutory holidays from 12 to 17 days. Whether these family friendly and work-life balance policies have become the new normal amid COVID-19? Read more How to Differentiate Pay Amid Coronavirus?
In light of a fluctuating global stock market and uncertainties caused by the coronavirus, a tightening budget triggers the need for more vigorous pay differentiation. Read more Over 40% of Companies Set to Revise Salary Budget as COVID-19 Continues to Ravage Economies
As the number of COVID-19 confirmed cases continue to rise, countries around the world are on different levels of lockdown. Many businesses have formulated strategies to navigate their way through this unprecedented crisis. Read more
Is Your Voluntary Contribution of MPF Competitive?
Mandatory Provident Fund (MPF) Schemes Authority reported a 64% year-to-date increase of tax deductible voluntary contributions (TVC) accounts in June 2019. More companies are trying to make use of TVC to reinforce staff retention. Join the Pretium Benefits & Employment Conditions Survey to get the latest market practice on MPF and other benefits. >>Read more Heavy Use of Incentives Have Become the New Normal, Are You Ready?
With more widespread use of share based incentives in Greater China, incentives have become the key pivot in driving total compensation. Many companies are buying back shares and realigning incentive plans to cope with the new normal. Are you encountering the following situation(s)? Read more... Incentive Pay Makes Top US CEOs & CFOs Best Paid in World, According to First-Ever Global 250 Survey
CEOs and CFOs of the largest US global companies are paid more than counterparts around the world because they earn larger incentive compensation based on performance. Read more... How to Retain Key Talent after Bonus Season?
March and April are the lucrative months for employees due to the bonus season. However, this period often causes headaches among the HR due to the large number of resignations after the bonus payout. In order to prevent employees from walking out of the door with the bonus, HR needs to rethink how best to retain especially key talent after the bonus season. Read more... |

Long-Term Incentives are Flourishing in Greater China
Long-Term Incentive Practices Survey finds significant increase in long-term incentive plans due to relaxation of share regulations in China.
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Long-Term Incentive Practices Survey finds significant increase in long-term incentive plans due to relaxation of share regulations in China.
Read more...