China Staff articles from March 2005

China Staff archives from March 2005

The long winding road to new supplementary pensions: regulations released by the Ministry of Labour and Social Security (MOLSS) outlining the new voluntary defined contribution system, effective as of May 2004, may herald a new era for China's employer-sponsored pensions. Less than a year down the road, how have companies responded?(Pension Reform)(Ministry of Labour and Social Security)
March 1, 2005... Over the past ten years, faced with an ageing population and growing social costs, the PRC government embarked on the challenging task of reforming its pension system. The "unified pension system," outlined in 1995, was a three-pillar...

Building a creative culture.(Hong Kong Focus)(Human Resource Management)
March 1, 2005... How do companies, particularly those in creative industries, balance the goals of promoting staff creativity and maintaining a strong--and consistent--corporate culture? In this case study, Jessica Caplan of China STAFF learns how multinational...

Are you media savvy?(Media Training)(Companies are turning to media training to strengthen their executives)
March 1, 2005... With the success of public relations-driven companies like Starbucks and the growing awareness that PR is a potent marketing tool, many companies are turning to media training to strengthen their executives' communication capabilities. Chris...

HR rises to the challenge.(Survey Report)(Human Resource)
March 1, 2005... Will the next wave of M&A deals prove more successful than those stuck during the late 1990s? To understand what companies have learned from their past M&A experience and how HR professionals view their role in future deals, Towers Perrin...

Customer service training: why make the investment?(Training & Development)(Reprint)
March 1, 2005... In far too many organisations, customer service gets little more than lip service--but what sort of training should be provided to remedy this situation, and what else does an organisation need to do to ensure that the training investment is...

Individual income tax: avoiding the traps: Bolivia Cheung and Victor Chong of KPMG Guangzhou highlight a few common traps that China expatriates should watch out for.(Expatriate Tax)
March 1, 2005... The existing Individual Income Tax ("IT") Law of the People's Republic of China ("PRC") took effect from 1994 and the tax rate has not increased since then. However, the IIT revenue has been growing exponentially over the past 10 years from...

Adopt performance based pay hikes, employers urged.(Hong Kong News)(Survey of Employers' Federation of Hong Kong)(Brief Article)
March 1, 2005... Employees received an average 1.8% pay rise in the first two months of this year compared with 0.31% in the corresponding period last year according to the Employers' Federation of Hong Kong survey. However, employers are encouraged to be...

Directors' huge pay rises draw flak.(Hong Kong News)(Brief Article)
March 1, 2005... Is top leadership really worth their weight in gold? Corporate governance advocates and labour unionist have criticised disproportionately huge pay rises awarded to directors of listed companies amid downsizing and modest company profits. ...

HSBC offshores more to Asia to save US$1b.(Hong Kong News)(HSBC Holdings PLC)(Brief Article)
March 1, 2005... HSBC Holdings plans to double its Asian back-office workforce in three years and axe more clerical jobs in the West to save over US$1 billion (HK$7.8 billion), a top executive told The Standard. HSBC reportedly has 13,000 workers in 10...

China mulls salary cap for SOE chiefs.(China News)(State Owned Enterprises)(Brief Article)
March 1, 2005... China is considering setting a salary ceiling for the top management of the state-owned enterprises, a senior political advisor revealed recently. China Daffy quoted Xu Kuangdi, vice chairman of the CPPCC, as saying the State-owned Assets...

China announces ten new professions.(China News)(Ministry of Labor and Social Security of China)(Brief Article)
March 1, 2005... The Ministry of Labor and Social Security of China has announced the third batch of new professions recently. The ten new professions are: credit management specialist, Internet editor, real estate planner, professional information analyst, toy...

Guangdong: liability insurance for high-risk sectors.(China News)(Brief Article)
March 1, 2005... The Guangdong bureau of the China Insurance Regulatory Commission and the Guangdong Provincial Administration of Production Safety have issued guidance opinions on liability insurance for high-risk enterprises such as those in mining, firework...