1 x 1 = >10? Combine Talent Pass with Long-term Incentives to Maximize Talent Pool
The Top Talent Pass Scheme in Hong Kong help combat the brain drain and staff turnover triggered by the Great Resignation and the pandemic, the attraction and retention impact of the Scheme can be maximized by crossing over with long-term incentives. Read more...
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Dual Impact of Bonus Plunge and Great Resignation Drive Staff Turnover to 5-Year High
The debt crisis and surging interest rates are expected to take a toll on 2023 bonus payouts. In addition, the "Great Resignation" stemmed from COVID-19 is still persistent. These have driven up staff turnover, especially among the millennials. Read more... Pay and Performance for a Diverse Workforce
From 100-hour work week to Great Resignation and higher demand for flexi-working arrangement, Pay and Performance for a Diverse Workforce” becomes the theme for our Survey and Webinar in 2022. We shall explore how to balance pay, productivity and flexibility among a multi-generational workforce. Read more... Pretium Pay and Performance Survey
While the fifth wave of COVID-19 is waning, strengthening pay strategy to steer growth has become top of mind with proactive companies. Pretium’s Pay & Performance Survey can provide up-to-date market benchmark to strengthen the alignment of pay and business performance. The Survey consists of two parts: Read more... Juggling between Hiring Spree and Pay Hikes during Covid Restrictions
The promising financial results in 2021 have prompted many firms making bigger bets to hire at a faster pace in 2022. However, the Covid restrictions have led to dearth of talent and boost up pay. The key takeaway is to ensure the return on investment for every compensation dollar spent is well justified. Read more... Asia has the Largest Pay Gap between the CEO and the CFO
The Global Top 250 Compensation Survey finds Asia has the largest pay gap between the CEO and the CFO when compared to the US and Europe. However, some Asian CFO's pay level is higher than that of the CEO. Read More... |
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How to Deal With Pay Hikes and Expanded Benefits across Investment Banks?
Major investment banks have boosted salaries among junior bankers due to intense workloads with M&A boom. Some of them have also improved family friendly benefits and wellness initiatives to reduce stress amid the pandemic. Read More... Are you Providing Paid Time Off for COVID-19 Vaccinations?
It is now more than a year into the COVID-19 pandemic; the vaccination rate in Hong Kong is below the target rate to reach herd immunity. Some companies are encouraging their employees to get vaccinated by providing vaccination leave and other perks. Are these practices becoming a trend? Read More... Can you justify your headcount number and staff costs?
With the increasing polarization of performance across different business divisions, the key takeaway is to ensure the return on investment for every compensation dollar spent is well justified. 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. 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... 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... |
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Pretium Compensation Level Survey Report
The report provides up-to-date line-by-line market data for each position, and includes value added analyses on comparative ratios, pay and bonus allocations, bonus quantum and compensation mix which help client identify market gaps and facilitate business decisions. Read more... |
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Differentiating Bonus with Performance
Pay-for-performance can sometimes seem an illusory concept as it can have very different meanings to different employees within the company. CEOs often face the dilemma on how to balance different levels and aspects of performance and to what extent the defined performance combine with other considerations in determining bonus payouts. Read more... |
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Are your INED fees back to the 90s ?
HKMA suggests the basic fee of independent non-executive directors (INED) should be at least HK$400,000 per year. However, current INED fees generally remain at levels obtained back in the 1990s. This has discouraged some qualified talent to take up the roles. Read more... |
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Is a Formula Better than Discretion in Paying Incentives?
Alignment between pay and performance has become increasingly important especially during economic uncertainties; there is constant debate on whether incentives should be determined by a formula or discretion to increase alignment. Read more... |
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Rippling Effect – More Industries Embrace Partnership
Pretium survey finds more companies use long-term incentives to reinforce alignment and promote partnership. Read more... |
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Strengthen Performance Planning to Drive Performance Management
March denotes the end of a fiscal year, so April becomes the best time for performance planning and target setting. A carefully designed performance planning process can boost efficiency and facilitate the appraisal process at the end of the year. Read more... |
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Globalization - It's Easier Said than Done
The emphasis of the Belt and Road Initiative has given new impetus to companies to tap on the globalization opportunities. However, many companies are struggling to balance the paradoxical demand to think globally and act locally. Read more... |
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Budgeting and Manpower Planning: Top-Down or Bottom-Up?
With the end of the third quarter around the corner, it marks the time of the year for HR leaders to partner with Finance counterparts to drive the annual budget and manpower planning process. Read more about our perspective on the practical approaches and how HR can drive the budgeting and manpower planning processes to reposition and reinforce HR as a strategic partner. Read More... |
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Strengthen Pay and Performance Alignment For Top Executives
Pretium’s Top Management Pay Practices Study (“Pretium Study”) found that pay and performance alignment among major listed companies in Hong Kong and mainland China has been less stringent than their counterparts in London. Enabling executive pay to fluctuate meaningfully with company performance over time is critical to long-term business success and motivating senior executives. Read more... |
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