Hong Kong will face unemployment woes for more than three years
Unemployment will plague Hong Kong for years ahead, and that it may take more than three years for the jobless rate to fall below 5%.
Hong Kong testing centres fully booked as businesses reopen
As the restrictions on businesses ease in Hong Kong, testing centres for COVID-19 are stretched to the max due to mandatory testing.
Hong Kong welfare minister rejects temporary unemployment fund
The minister said that it would be tricky to draw the line for when the scheme should stop, and urged that public policy needs to be fair.
Unemployment in Hong Kong not just limited to grassroots level
While unemployment is severe among the lower class, middle-level occupations have also been badly hit by unemployment.
Hong Kong seeks to relax subsidy criteria for low-income workers
The basic subsidy for low-income families, once relaxed, would benefit around 24,000 more underemployed households.
Hong Kong’s minimum wage to remain at HK$37.50 an hour
The decision was made after a review from government officials, academics and business representatives showed majority consensus.
Hong Kong banks on innovative tech for city’s economic recovery
The government’s intervention and support are crucial in the early stage of innovation and tech development, says city financial chief.
Hong Kong government plans to increase number of statutory holidays
Labour minister Law Chi-Kwong said the proposal to gradually increase the number of statutory holidays from 12 to 17 by 2030 is “most acceptable”.
Hong Kong incentivises companies to employ local graduates
Hong Kong’s government is offering companies a grant of HK$10,000 (US$1,290) for each recent college graduate they employ.
Hong Kong’s financial chief expects city to be out of recession by end-2021
He expects Hong Kong to ride on Beijing’s five-year plan to stimulate domestic growth, which aims to achieve independence in science and tech.
Hong Kong approves latest pandemic relief subsidies
The Legislative Council has approved the latest round of COVID-19 relief subsidies of HK$5.5 billion (US$709 million).
Hong Kong’s 14-week maternity leave takes effect December 11
The maternity leave pay is to be calculated at four-fifths the daily average of the wages earned by the employee.
Hong Kong govt staff to WFH for the third time this year
Chief executive Carrie Lam has announced sweeping measures to stop the spread of COVID-19, ordering all government employees to work from home (WFH).
COVID-19 subsidy only for workers in Hong Kong without paid sick leave
The HK$5,000 (US$645) handout will only cover residents such as freelancers, taxi drivers, and the self-employed.
Hong Kong Express pilots get pay cuts, ground staff go on unpaid leave
HK Express has requested all 200 of its pilots to sign new contracts with further cuts in salaries and allowances of up to 40%.
Hong Kong: Jardine Aviation Services Group announces layoffs
The company that handles ground services for the Hong Kong International Airport will axe 340 staff from next month.
Hong Kong extends fixed-rate mortgage scheme by a year
The extension by the Hong Kong Mortgage Corporation (HKMC) comes amid rising unemployment and recession due to COVID-19.
Majority of Cathay Pacific pilots, cabin crew accept pay cuts
The Hong Kong carrier announced it will be changing the contracts of its pilots and cabin crew as part of its restructuring exercise.
Hong Kong saw lowest average salary increment in 10 years
Despite the lowest increment in a decade, Hong Hong employees can look forward to a slight pay rise next year.
Cathay Pacific announces 5,900 job cuts
The Hong Kong carrier is also planning to make changes to the contracts of its pilots and cabin crew as part of its restructuring.
SMEs in Hong Kong to receive financial support
New measures by the Hong Kong government include the raising of loan caps for SMEs, as well as an extended repayment period.
Hong Kong’s recovery halted as unemployment rate remains high
Hong Kong continues to grapple with the impact of the COVID-19 pandemic, with its recovery threatened by a third wave of infection.
Hong Kong sees slight dip in unemployment rate
Hong Kong’s unemployment rate eased slightly, likely helped by the newly launched government wage subsidy.
Effective transformation requires talent, technology and time
Digital transformation needs to be a carefully thought-out process with an organisation’s people at the core, says Workday.
Asia-Pacific businesses kickstart COVID-19 recovery
10 million small businesses across Asia-Pacific will participate in Visa’s global programme designed to meet demand for cashless payments.
Nearly half of Hong Kong employees actively looking for new job
The latest survey also shows that more than eight in 10 Hong Kong employees are concerned about job security this year.
HK’s largest employee benefits platform to launch on May 1
The one-stop solutions platform will help HR employers better engage their employees with flexible compensation, lifestyle perks, and rewards.
Hong Kong unemployment rate hits new 9-year high
Year-on-year declines in total employment and the labour force widened further to 3.6% and 2.2% respectively, both the largest on record.
ADP iHCM2 expands APAC presence with Hong Kong launch
The Human Capital Management (HCM) cloud system will expand its presence in Asia Pacific which includes China, Singapore and Philippines.
COVID-19 puts 25 million jobs at risk
International Labour Organisation paints bleak picture of major labour market and economic crisis emerging from COVID-19.