Across Asia's corporate landscape, a paradigm shift is quietly unfolding as executives grapple with a challenging reality: traditional incentive compensation frameworks are proving inadequate amid escalating trade tensions. What initially appeared as a sector-specific challenge for manufacturers has rapidly evolved into a cross-industry...

According to a global survey report by Pretium Partners, Frederic W. Cook & Co, and FIT Remuneration Consultants, significant disparities exist in CEO compensation across Asia. The median salary for Asian CEOs is only half that of their American and European counterparts. Additionally, long-term incentives as a percentage of salaries for American...

In today's uncertain economic climate, companies face the dual challenges of optimizing costs and enhancing productivity. Many focus solely on pay cuts and layoffs, neglecting productivity improvements, which can harm employee morale.

"Thriving Together with Thoughtful Rewards" ​was the theme in 2024. HR has a unique opportunity to be at the forefront of steering the company through a dynamic market. We have explored how thoughtful rewards can navigate the macro challenges and increase productivity. The key focuses of the survey and webinar include:

The Top Talent Pass Scheme ("TTPS") in Hong Kong has attracted around 6,000 applications since its launch by end of December 2022. The scheme can help combat the brain drain and staff turnover powered by the Great Resignation and the pandemic. From a talent attraction and retention perspectives, Pretium highlights a few areas worth to note and how...

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. Some companies are swinging back and forth like a pendulum; struggling between a formula and discretion in determining...

Pretium survey finds more companies use long-term incentives to reinforce alignment and promote partnership.

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.

With the rapid expansion of Asian companies, outbound investment continues to expand at a rapid pace. Many successful Asian companies in particular the Chinese ones have ambitious plan in "going global" and have made major breakthroughs. The emphasis on the Belt and Road Initiative has given new impetus to companies to tap on the opportunities and...

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...