Case Study: One-stop Human Resources Solutions

Background

Providing one-stop HR solutions to the HK subsidiary of a well-known foreign enterprise.

Riding on the market practice of similar firms in HK and Pretium's wealth of knowledge and experience in working with sizable listed and private companies, Pretium provided market data on compensation and benefits, benefits vendor analysis, insurance brokerage services and templates on employment contract and handbook

Objectives

Ensuring compensation and benefit levels are in line with the market to support long-term strategies.

Striking a balance between costs and employee value to enhance benefits cost effectiveness.

Providing market insights to facilitate decisions on insurance and MPF plans for better attraction and retention.

Defining different HR policies to drive HR management and improve the overall operational efficiency to enable achievement of business objectives.

Key Features / Process

1. Compensation and Benefits Levels for Expatriates and Local Employees:

Selected benchmark companies and conducted compensation and benefits benchmarking analysis according to the company background, scale and business portfolio.

Recommended the remuneration and benefits package to strike a balance between competitiveness and cost.

2. Insurance Brokerage Service:

Selected and analyzed a few insurance providers and their insurance plans; proposed the most appropriate plan to the Company after taking into account of company needs, premium competitiveness, market share, service quality and the overall reputation.