New businesses must vie for small pool of employees: start-ups find they have to be resourceful in order to build their staffs - and retain workers

Article Abstract:

Businesses in Hong Kong, particularly those in the services sector, are find they have a small pool of qualified personnel that they must maintain in competition with other industries and companies. The unemployment rate in Hong Kong averages 2.5% with banking, insurance and technology sectors suffering from the highest vacancy rates. Businesses say proper maintenance of business personnel involves training them early, offering a competitive salary and offering career development programs.

Service Industries, Methods, Services industry

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Global firms localize efforts

Article Abstract:

Western companies that do business in Hong Kong frequently hire managers with Asian backgrounds for jobs focusing on the local market. Global firms such as Time Warner Inc., through its Hong Kong unit Warner/Chappell Music, H.K. Ltd., are among those that are following a corporate trend favoring Asian managers for Asian units. Harry Hui, Warner/Chappell's regional director, an Asia-born manager, immerses himself in the local culture to acquire an understanding of the Asian market.

Entertainers & entertainment groups, Recorded Music Producers, Record Production, Miscellaneous publishing, Sheet Music, Music Publishers, Officials and employees, Behavior, Music industry, Music producers (Persons), Sound recording industry, Recording industry, Music publishing, Hui, Harry, Warner/Chappell Music Inc.

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Flaws in expat management: foreign ventures urged to localize faster

Article Abstract:

Foreign companies with offices and joint ventures in China are urged to localize faster as success rates are higher for companies with localized employment. A survey by Towers Perrin and the National Foreign Trade Council reveals that the average non-Chinese general manager costs are higher at $400,000 to $500,000 per year. The survey concludes that best performing businesses only have 18% of the workforces as expats.

China, Foreign investments, Surveys, Migrant labor, National Foreign Trade Council, Towers Perrin

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