China Staff articles from May 2004

China Staff archives from May 2004

Reforming today's pension system, building tomorrow's China: the Ministry of Labor and Social Security (MOLSS) recently released its second outline of new base regulations for the set-up of "Enterprise Annuity", a roadmap for employer-sponsored pensions. What does it all mean for companies? Jessica Pfeifer of Hewitt Associates throws some light on the situation ahead.(Pension Reform)
May 1, 2004... Supplemental pensions are viewed by Chinese employees as a perquisite and can help employers attract and retain talent. Effective 1 May 2004, the new guidelines by MOLSS offer employers flexibility in providing this benefit to supplement the...

Not getting lost in transit: who's interested in career transition management and why? Jeff Hasenfratz from Mindsight unravels the intricacies of personal and opportunity assessment and how to use career tools to make sure no one gets lost in transit.(Career Management)
May 1, 2004... It is probably too early to suggest that most Hong Kong-based middle and senior managers have given up their belief in the return of secure jobs and a career path with a "good" company. Having said this, anecdotal evidence indicates that...

Communicating to compete.(Communication Training)(Connect Communication Ltd (Connect))
May 1, 2004... The ability of employees to communicate effectively may be the skill that has the greatest potential to impact the profitability of a business. But it is only fairly recent that companies are investing in such skills training for their...

People: the real deal-sealers post M&A.(Mergers and Acquisitions)
May 1, 2004... In M&As, companies tend to direct their efforts towards concrete financial aspects such as cost savings and product strategy, overlooking the more nuanced people aspect of the process. However, a recent study conducted by Right Management...

The final frontier in business optimisation.(Human Capital Management, the new sort after discipline)(PeopleSoft Inc.,)
May 1, 2004... In the thirst for continued business growth, companies are embracing human capital management as an enterprise-wide discipline--not just something exclusively practised by the HR department. China STAFF speaks with Jenni Lehman and Ronno Lee of...

New rules protect contracted unskilled workers.(Hong Kong News)(Brief Article)
May 1, 2004... Unscrupulous contractors beware. Under new outsourcing rules, a tender offer will be rejected if the monthly wage offered by the tenderer to non-skilled workers was less than the average monthly wage published in the latest quarterly report of...

Lucre of MPF money, HSBC lowers fees.(Hong Kong News)(mandatory provident fund)(Brief Article)
May 1, 2004... HSBC will offer lower management fees and other favourable terms in a bid to encourage Mandatory Provident Fund (MPF) members to contribute more to their pension funds, said a report in The Standard. Under the new personal contribution...

April's low jobless rate signal recovery.(Hong Kong News)(Brief Article)
May 1, 2004... Hong Kong's unemployment rate fell marginally in April to a 17-month low of 7.1%. Boosted by a revival in tourist number and consumer spending, the number of unemployed went down by about 500 to 249,000 in February-April, from 249,500 in...

Nine in 10 workers unhappy: survey.(China News)(Brief Article)
May 1, 2004... A mainland survey has revealed that nine out of 10 employees are dissatisfied with their jobs. In a report by The Standard, almost half the respondents said they were dissatisfied because they felt they were underpaid. A similar number...

Foreign professionals flocking to Shanghai.(China News)
May 1, 2004... A source from the labour bureau said the number of expatriates in Shanghai is expected to grow over 20% in the coming three years. As reported by China Daily, the latest statistics from the Shanghai Labour and Social Security Bureau (SLSS)...

Social Security in China.(Data Page)(Brief Article)
May 1, 2004... The Provisional Rules for Enterprise Annuity Plans in China have been released by the Ministry of Labor and Social Security. These rules outline the basic structure of Enterprise Annuity (EA)--China's version of a defined contribution...