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HR Opportunities for the New Economy

HR Opportunities for the New Economy

HR Magazine’s most recent 30-Minute HR event was held in July, with 150 senior...

AIESEC - Generation Gap

This year’s AIESEC Asia Pacific Symposium in Hong Kong was attended by delegates...

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HR Training

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Rising from Nothing

What every HR manager should know about eating elephants. Raj Singh, Founder and...

Tips For Writing An Effective Job Description

If you are serious about recruiting a new staff member a good job description is...

Everybody in Your Company is Responsible For Selling, Not Just Your Direct Sales Team

Richard Parkes Cordock from the UK is the founder of Enterprise Leaders Worldwide...

Be a Networking Pro

Networking—it’s a word so many people dislike. It has connotations of talking...

Cost Cuts & Hiring Freeze for 74% of HK Companies

Hewitt – HR Magazine Latest Survey Findings

Despite almost half of companies in Hong Kong indicating their current financial outlook is stable, 74% have implemented cost cutting measures and hiring freezes. This figure is nearly 20% higher than that recorded in October last year. This extract from the latest longitudinal study conducted by HR Magazine in partnership with Hewitt Associates assesses the financial crisis’s impact on the people practices of Hong Kong companies over the last ten months.

45% indicate current financial outlook stable, but 74% still cutting costs and not hiring

Business Outlook & Strategy

The impact of the global financial crisis has stabilised since last year—51% of organisations surveyed indicate that the financial outlook for their organisation has not changed since Q1 2009 and only 14% report that it had worsened since Q1 2009. Our findings reveal that while 45% of organisations indicate that their current financial outlook is stable; cost control measures


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