challenges of internal control if internal control

Can stock option provide good incentive to Chinese employees?

Generally speaking, yes. You need to evaluate the effectiveness of such a scheme in motivating and retaining your people before implementing it. Chinese people attach importance of the feeling being valued and a sense of belongings. Therefore options, to the extent they inspire loyalty and commitment and provide employees with a sense of ownership, are […]

What incentive measures can I take?

There are a number of incentive measures that you can use to motivate your people. These may be increasing salaries, paying bonus, providing better social welfares, providing training, granting stock options, promoting, etc. There is no incentive scheme that can be universally applied to all you people. You need to analyze the needs and wants […]

challenges of internal control if internal control

How to reduce the turnover rate of your trained employees?

The first way is to provide them more challenging work opportunity and therefore they shall enjoy the job richness and self-actualization by taking more responsibilities. You can also sign a training contract with the employees. The contract should include a service period clause stipulating that employees must remain and serve the company for a certain period. China’s […]

What kind of trainings should I provide to my Chinese employees?

a)  The most common training form in China can be in house training. The lecturers can be your company’s senior people or external professional trainers. In-house training can be English language, skill development in different sectors (technical, sales, marketing etc.) b)  External trainings are largely provided to senior staff. These training can be seminars on certain topic, special program […]

challenges of internal control if internal control

How can I improve communication effect during my interview of Chinese candidates?

When you are interviewing Chinese candidates, it is important to understand Chinese people first. Chinese people are usually very modest, and do not like to show off, or over-impress others. So, you may not just judge from what he/she said, but also see his/her academic performance, job achievements, personality, analytical analysis capabilities, etc.

How can I do recruitment in universities?

First of all, university reputation is extremely important in China and is directly related to salary expectations. Graduates from the top universities can command much higher salaries in comparison to the rest of the graduate market. Secondly, you may need to use a couple of methods, such as written tests, group discussion or one-to-one interviews, to assess […]

What approvals should be obtained for an expatriate working in China?

Foreigners can only work for Chinese companies under certain conditions, which mean employers may not be able to find proper employees within China. Generally speaking, with convincing evidence foreigners can work in the PRC only after obtaining Employment Permits and Residence Certificates.

How can I find qualified people?

Generally speaking, it is not difficult to find a recruiting channel. You may communicate the information to your targeted candidate through following ways. a)       Put your advertisement on certain recruiting websites b)       Do campus recruitment c)       Attend job fairs d)       Put your ads in the newspaper e)       Ask recommendation from your employees f)        For certain high […]

challenges of internal control if internal control

What is the challenge for recruiting in Chinese labour market?

Due to the rapid increase of foreign investment and growth of local firms, experienced local talent is hard to find especially in the sectors of marketing, communications, advertising and public relations. For foreign companies the challenge of recruiting and retaining staff continues to be a challenge – the skills shortage is becoming worse by a […]

How to retain your talented workforce?

In order to win the talents war in China marketplace, you need to carefully develop a plan to retain your most talented people from the following aspects. a)  Develop a strong corporate culture with clear succession and development plans b)  Provide good salaries c)   Define clear career prospects d)   As long as your company is large enough, provide a private […]