Employees’ Matters

	Employment Ordinance
	Employees’ Compensation Ordinance
	Establish an MPF Scheme
	Arrange Payroll
	How to Attract, Retain and Motivate your Employees

Employment Ordinance

	The Employment Ordinance is the major piece of legislation governing conditions of employment in Hong Kong. This law is applicable to all employers. As an employer, fully compliance with your obligations under the Employment Ordinance is mandatory and helps reduce conflicts with employees.
	For more details, you may visit the websites of the Labour Department and its Cyber Resource Centre for Business, or check "A Concise Guide to the Employment Ordinance".
	You may also download a sample employment contract from the Labour Department.

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Employees’ Compensation Ordinance

	The Employees’ Compensation Ordinance lays down the rights and obligations of employers and employees in respect of injuries or death caused by accidents arising out of and in the course of employment, or by prescribed occupation diseases.
	For more details, you may visit the websites of the Labour Department and its Cyber Resource Centre for Business or check “A Concise Guide to the Employees’ Compensation Ordinance”.

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Establish an MPF Scheme

	The Mandatory Provident Fund (MPF) Scheme has been in force since it was introduced by the HKSAR Government in December 2000. It provides basic retirement protection to all employees and self-employed persons in Hong Kong.
	It is compulsory for all employers to enrol in an MPF for their employees. Except for special exemptions, all employees aged between 18 and 65 must participate in an MPF Scheme. Generally, employees mean all full-time and part-time employees who are employed under a continuous contract for at least 60 days.
	Hang Seng Mandatory Provident Fund Services provide one-stop services supported by advanced management systems, including payroll, ATM, dedicated hotlines and fax-on-demand to fulfil all sorts of requirements of employers and employees alike Call 24-hour Business Partner Direct 2198 8000 and we will help you to decide which financial solutions best suit your company

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Arrange Payroll

In respect of employment issues, other than legal compliance, new Start-ups should promptly set up sound and proper remuneration policies and payroll systems to build a solid foundation for good labour relations. The first step is to decide on the wage structure such as monthly or weekly payrolls? Will any overtime or other allowances be paid? Will any bonus be given? You should then consider further:
	Payroll arrangements: Most companies pay their staff on a monthly basis, either by cheque or direct debit. Direct debit has the merits of reducing the hassles of issuing and distributing cheques, and avoiding errors which may potentially occur in writing or printing cheques.
	Payroll records: Maintaining proper payroll records is the responsibility of an employer. A comprehensive system will also make it easier to track down any necessary data in the future. In setting up a system for your payroll records, be cautious about its compatibility with your existing information system. Differences in system configurations can result in extra time and effort on data consolidation and management.
	Hang Seng autoPay Service help you manage your payrolls and tax returns, as well as collection and payment transactions in an efficient and effective manner Call 24-hour Business Partner Direct 2198 8000 and we will help you to decide which financial solutions best suit your company

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How to Attract, Retain and Motivate Your Employees

Benefits can help reinforce the cohesiveness of your staff as members of your company in order to achieve higher productivity. In designing staff benefits structure for your new business, you could consider the following:
	Formulate your staff benefits packages based on the requirements and nature of specific jobs and the characteristics of your business and industry.
	Provide different benefits to different employees to develop a merits-based system. Remember to conduct regular reviews and improvements to keep pace with the development of your business.
	Most companies in Hong Kong provide group medical insurance benefits to their employees. Apart from the cost, you should consider the plan features also. For example, what is the scope of coverage? Does it allow flexible combinations of hospital & surgical benefits and outpatient benefits?
	If you and your employees need to travel on business frequently, you may consider buying a business travel insurance policy. It provides annual cover which only requires a single one-time application for you and your employees to enjoy protection on business trips throughout the year.
	Moreover, you may think about getting a key person insurance plan to provide life insurance for your sole proprietor / partners / shareholders or other key persons and also to minimise the losses incurred by your business in the unfortunate event of the death or illness of a key person. This is particularly important for SMEs since a small company can suffer a huge loss of business with the absence of a key person.
	“Easy Choice” Group MediCare provides group medical insurance protection to meet the needs of your employees and their dependants. Your employees will be able to focus on their work and maximise the growth potential of your company Business Travelsure Protection Plan allows you to make a single one-time application to obtain travel protection for your employees on business trips throughout the year Key Person Insurance provides life insurance for key persons / shareholders / sole proprietor / partners so as to help sustain your company’s viability and profitability in the unfortunate event of the death or incapacity of a key person Call 24-hour Business Partner Direct 2198 8000 and we will help you to decide which financial solutions best suit your company

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