HR Compliance and Financial Planning Advisory

Compliance Advisory

Employees are valuable resources that need to be managed efficiently. Hong Kong employer obligations are there to protect both employers and employees, which includes the Hong Kong Employment Ordinance. Employees covered by the Employment Ordinance are entitled to payment of wages, granting of statutory holidays, benefits such as rest days, paid annual leave, sickness allowance and more. Our team provides the most suitable solution to keep our clients on top of essential HR requirements.

Contracts and Handbooks – Employees will require employment contracts that are in accordance with Hong Kong Employment Ordinance. Employers and employees are free to negotiate and agree on the terms and conditions of employment provided that they do not violate the provisions of the Employment Ordinance. Employees will also want to have written company policies so that they can follow the basic guidance of the company’s code of conduct. We supply employment contracts and tailor-made employee handbooks that meet legal requirements in Hong Kong.

Employee Departure – Employee turnover is normal in every companies, no matter it is voluntary or involuntary. To many employers, it is quite a hassle to provide the documents which the leaving employees may request, this may also incur some potential legal risks. Some employer may want to get help to deliver the message especially during the involuntary turnover. We can act on behalf of our clients and handle all these procedures and documentation, like the internal human resources department, search and recruit for new talents.

Provident Fund Schemes – Provident fund schemes in Hong Kong, such as Mandatory Provident Fund (MPF), can take some time to understand. We can provide the MPF trustees’ performance proposal so our clients can choose from it. We can also assist with organising and implementing statutory provident fund schemes to help ensure on-going compliance with local employment requirements.

Employee Benefit Design – Compensation to executives is different from compensation for lower-level employees. It may include substantial differences in perks, benefits, and salary from the organizational norm for the rest of the employees. We can craft different benefit / incentive plans and also rental reimbursement plan by listening to employee needs while meeting clients’ goals.

MPF and Financial Planning Advisory

Financial planning refers to an in-depth review of your monetary situation; and from that information, developing a strategy to reach quantifiable goals.

For a financial plan to work, it must be customized to the individual’s needs and objectives. There’s no “one-size-fits-all” approach to financial planning. In addition, financial planning is an ongoing process. It’s never a one-off formula that’s devised over an hour, and then rigidly followed to the end.

Many things may happen between today and your retirement. Your portfolio of assets – and long-term financial goals – may have to change. Factors such as marriage, becoming self-employed, litigation, or an economic recession can all require changes to your plan.

As such, it’s important to rebalance our range of assets (portfolio) and to review savings and investments from time to time.

Long-term investment plans must associate with ways to hedge against risks, such as falling ill, unexpected retrenchment, serious accidents, and so forth. These are unplanned situations that end up costing a lot of money.

This is why building up savings and protecting through insurance become very important, before considering goals like retirement. Insurance protections should cover:

•    Critical Illness

•    Total & Permanent Disability

•    Personal Accidents

•    Death (this protects your family, if you are the sole breadwinner)

Having an emergency savings fund is also crucial. This saving fund is not an investment – this money must be available on short notice, to cover emergency expenses.

With our in-depth knowledge of insurance products and financial tools, we are proud to provide professional advice to our clients.

Case Reference

新公司勞保強積金及有關僱傭合約的咨詢
一家內地的公司在香港剛開設了分公司,因他們不熟悉在香港法例上所必須要的文件及保險要求。他們有計劃要招聘職員,但又不清楚香港的強積金跟內地的社會保險的分別。我們就為他們找了三家勞工保險的報價,並預備了一個詳細的強積金信託公司的分析報告讓他們選擇。也為他們提供了香港僱傭合約的範本,並就所有條文詳細解釋。

保就業計劃申請
有一家公司,主要負責香港人事行政的同事都在內地,他們對香港最新推出的支援計劃都不太熟悉。當保就業計劃開始申請時,他們以為香港公司只開了一年而不符合資格申請。我們就將計劃內容詳細解釋給他們知道,而且申請過程也一步一步的教他們在網上操作,最後成功獲批及取得支助。