COMPTIFY INSIGHTS
2017 Quarter 4
Featured Article by Comptify Analytics
Although the protracted period of weak global has impacted employment, wages and household welfare in earlier 2010s, led to a slowdown in household consumption growth, nations are keen on creating plenty of opportunities during the recovery phase for more frequent economic and trade activities among continents and countries, enabling a progressive economic growth and employment.
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Reviving Vitality Amid Uncertainty in Asia
- With 2018 Pay Increase Forecast
Market Practices
“Best” Practice for Housing Benefit in Hong Kong
Under keen competition, recruiting and retaining top talents seems to be the key to success. Obviously, some employers know how to play the game, such as Google and Apple. Apart from the foreign companies, two of China’s internet trinity, Alibaba and Tencent, are following the trend by facilitating their employees to buy flats. Recently, HNA Group is bringing this practice into Hong Kong.
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Corporate Governance
Social Media: Hiring for Work or Hiring for Life?
One’s working ability could not be completely reflected by a sheet of resume or a one-hour interview. It might be acceptable that employers would like to know more about employees and get along well with each other. However, over-stalking might affect one’s perception on the employer.
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Market Practices
Pay Transparency, Not a Taboo?
Salary has long been seen as a forbidden topic in a lot of places, such as Hong Kong and the U.K. People rarely mention their income as it ties to the value of one’s skills and hard work. However, the story is completely different in Sweden. Adjusting the pay transparency level, e.g. sales commission, might stimulate the working incentive of employees, which in return boost company’s performance.
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Corporate Governance
Gender Equality – Bridging the Pay Gap
Research has shown that more and more females have received tertiary education and participate in the workforce. Removing gender stereotype is definitely a long journey. However, employers have no place to hide from upholding gender equality in the firm, narrowing the wage gap and enhancing gender diversity in the office.
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Market Practices
IT Talent Crunch in the New Industry
With reference to a 2016/17 talent shortage survey, Hong Kong is a dearth in its supply of computer programmers and IT talents. Almost 40% of the city’s mobile application development have been forced to look for programmers, engineers and designers externally.
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