Turnover rates in Hong Kong may begin to level off

Article Abstract:

Hong Kong turnover rates, which were high last year, will likely level off as a result of the fading Internet start-up craze, a softening in the job market, and the corporate restructuring policies that will focus on employees' needs. Southeast Asian banking group DBS Group Holdings Ltd. has named Philippe Paillart as vice chairman and chief executive officer, Jackson Tai as chief operating officer and president, Ng Kee Choe as vice chairman of its subsidiary, Development Bank of Singapore Ltd., and Kie Cheong as financial director.

Commercial Banks, Commercial Banking, Labor force information, Singapore, Executive changes & profiles, Hong Kong, Financial Holding Companies, Offices of Bank Holding Companies, Southeast Asia, Holding Offices, Banking industry, Officials and employees, Financial services industry, Financial services, Appointments, resignations and dismissals, Employment, Employee turnover, Paillart, Philippe, Tai, Jackson, Choe, Ng Kee, Cheong, Kie, DBS Group Holdings Ltd., DBS Bank Ltd.

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Managers in the region can expect to be in the money

Article Abstract:

Chinese senior executives and managers will receive raises of 8%-9% according to an annual survey conducted by Hewitt Associates. While growing businesses such as information technology companies may see raises by as much as 30%, raises will level off for companies that rely heavily on exports to the United States.

United States, China, Personnel administration, Management Salaries, Business, Compensation and benefits, Executives, Executive compensation, Wages and salaries

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