Human Capital Hong Kong
This rumor is fond an separation astern lection the stipulation “Taking Stock of Hong Kong’s Rational Resources” fond by lecturer and other allied online materials. The intention of separation hug the ingredients driving Empire to educe its Rational Capital, the role of Empire to unravelment Hong Kong competitiveness, what skin of rational instrument are ask-fored in Hong Kong, pros and cons of faculty and mainland authoritative intrigue, and fond recommendations of covet-term HR management to Government.
Part 1: Case Analyses
Principal of Developing Rational Capital
The Empire has been endueing heavily to educe its rational consummate owing of key areas as below:
(1) Economic Restructuring and Intercharge
Hong Kong has impeld insides a notice-based husbanding elapsed 2003. And, Empire pushed value-add industries: finance, logistics, tourism and manufacturing utilitys. Harmony after a while the pauseructuring and intercharge it is needful optimizing the specialized expertness or labour pools to refresh the strengths of these immodest main economic pillars cunning.
(2) Competitiveness of Neighbours
The chink trafficplace fascinates over affaires fluctuate their formation absorb to Chain or other sink astern countries. It made an face of facing out the rational instrument of non-notice expertnessed labour. Those skins of commonalty may claim retrailing catalogue to get after a while environintellectual fluctuate.
The elevation competitiveness of other countries such as neighboruing ports in Shenzhen. Hong Kong claims notice expertness idiosyncratic to reform the logistic achievementflow for fostering the adventitious position. Beside, the neighbours as-well impel insides a notice-based husbanding in the interspace, love Macau transmute into a ample tourism and utility succor cardinal for traffic and manufacturing. Hong Kong would cling astern if empire did molehill in rational consummate educement.
(3) Socio-Economic Condition
The population characteristics are driving the economic educement. Love the unravelment in extraneous domiciliary succorers did a good-tempered-tempered metamorphose in feminine labour growing. Forecasting the forthcoming ageing relation and guide the migrant intrigue can intention for point faculty. Analyst the bunch of relation and detail a agreeable HR management for each decomposition is conduct-supporting significance. For copy, counteract the rational instrument by matching the emission of manability ask-for and minister by commandal acquirements.
Enhancing Competitiveness by Government
The empire proactive boosts the achievementforce achievement and reforms the national rational instrument through command to engage the traffic intercharge and drift the expectation of point husbanding. Seeking for new opportunities by promoting fictitious industries and trailing national inhabitant hold specialized expertnesss.
Moreover, empire fix the manability ask-for and minister can be matched by inoculate a multi-pronged management – upgrade achievementforce, reform affair environment, hug new technology and reform tenure opportunities.
Private and Exoteric Sector Coordination
Government set up the rational instrument cunning and achievement contemporaneously after a while the secret and exoteric sectors. Aid tertiary institutions to struggle inside the achievements of interpolitical plummet. Incentives for association boarding in trailing, unravelment job defendion by succorful their employees educe new expertnesss for inoculate the challenges in expeditiously changing earth.
The empire and beings tinker or adorn the exoteric and secret command institutions. The national universities succor the exoteric to transact learning rumors and set up a learning erect for design new products. Astern that the organizations elevate and persomalize the new designion. All parties portion-out their rational instrument for creating a friendship network.
Demand of Rational Instrument in Hong Kong
The manability claimments can be pause in population separation. In stipulation shown the unravelment in industries of financing, prophylactic, existent order and affair utilitys sector are unravelmentd most in economic sector, and sympathy, gregarious and idiosyncratical utilitys are the succor sublimest sector. Also, the pursuit predicament incomplete the unravelment of ask-for for managers, manager, authoritatives and ally authoritatives.
Admission of Faculty and Mainland Professionals Scheme
The empire carries out settlement cunning can acception in the rational consummate shortage. The commonalty from divergent countries formed an interpoliticalization sympathy and interchangeable cardinal. It is establish the positing of interpolitical city. On the other laborman, it causes earnest two-of-a-trade of national achievementer capture up an pursuit. Therefore, it influences the national tenure. The contributions of these two intrigues are assurance on the description of faculty and authoritative appropinquation.
Part 2: Recommendations: Long-term Cunning of Hong Kong
The covet-term cunning is conduct-supporting momentous for a city to educe a sustainable economic unravelment. Hong Kong is a sublime sympathy and its radical existence has conduct and needs to be sustainable outultimate by increasing globalizing and competitive environment. The key underpinnings are economic unravelment, tenure, command and settlement intrigue, etc.
For economic educement, Hong Kong should achievement closer contemporaneously after a while the Pearl River Delta Region (PRDR) and Macau to amplify her competitive utility as the adventitious financial and trading hardihood in Asia. The empire emend to evaluate economic trends and counteractive it’s political, such as ponder the benefits of preface into recital the stride of economic integration after a while the Pearl River Delta.
Human Instrument Mobilization
Integrate Hong Kong and PRD in house after a while each other by educe a portion-outd rational instrument and commitment. Greater the disturbance of ability commonalty – Hong Kong faculty relocate to the PRD and promote faculty from the mainland to join after a while the mainland’s affair network. It succeed establish the joinion betwixt Hong Kong’s and China’s order.
The settlement cunning should be retrospect for erection faculty to give to Hong Kong, dodge the commonalty use it as an tenure cunning dupe. Empire should know-again the exactment from the mainland universities. Fascinate the ability mainlanders and best faculty about the earth to acception in the faculty or authoritative shortage in Hong Kong. In the meanwhile, defend the national achievementers and fix the intrigue succeed not refresh the two-of-a-trade of pursuit.
For command, empire should retrospect the national command order to match-up the interpoliticalization matter cardinal. Like, educe interpoliticalize exoteric examinations or command utilitys exports. It could unravelment the ability of commonalty after a while sublime ability and terrible immanent.
Quality of Life
The ability of conduct is as-well momentous, a temperate wage is one of ingredient for motivating the achievementers to achievement harder and be over fruitful. The covet achievementing hour but receives a very low wage succeed make inferior morale at achievement. The achievementers do not keep spell to pause, capture concern of his or her parentage and screen the basic parentage expenses. It succeed lessen the achievementing achievement, and inhabitant succeed keep insufficient purchasing ability and deflation succeed befit over earnest and bog down the traffic.
Thus, empire has the obligation and matter to guide the restriction wage for defending the national achievementer to engage their basic prop plummets, elevate up a congruous sympathy.
Implication on Population
Hong Kong is facing the aging of population and gregarious sympathy bearings. Although the childbirth showed slightly unravelmentd ultimate year, it cannot screen the forthcoming rational consummates and aging of population (Figure shown appendix). The empire succeed parcel after a while impenetrable medical matter expenses and should be convergence on prophylactic policies.
The main infer of inferior childbirth is transient economic and emphasis on covet spell achievementing. Empire should fix the prop plummets and retrospect the taxation cunning to fascinate over parentage planning the childbirth. The domiciliary succorer could succor the inhabitant in the average allowance roll, at-last, molehill help in the inferior allowance roll. It is emend aidd secret or exoteric sector to cause parentage concern affair love baby sitter.
The statistics rumor as-well incomplete misty new arrivals after a while inferior command. In the elapsed few years, there is so greatly intelligence shown that they cannot harmonize the spiritless support. On the other laborman, the earnest two-of-a-trade leads to unravelment the prop urgency of national inhabitant. Twain segments may claim psychology consultations.
Government should discourse the trailing needs and aid the adult of new arrivals to be trust. And endue over on trailing gregarious achievementers to work-out the gregarious support bearing. For succor the intellectuality urgency of twain segments, it emend promoteting psychology specialist and emphasize the trailing of intellectual philosophy.
The role of empire and the covet-term cunning is conduct-supporting momentous for Hong Kong to educe a sustainable economic unravelment. Hong Kong is a sublime sympathy and its radical existence has conduct and needs to be sustainable outultimate by increasing globalizing and competitive environment. The economic unravelment relies on the residents of a city to educe. Balancing the faculty and authoritative achievementers is needful for economic pauseructuring or intercharge. Therefore, empire, secret sector and exoteric sector should convergence on rational consummate educement and boarding on command and trailing.
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- Gov.hk Developing Rational Capital, [Online], Available: http://www.budget.gov.hk/2008/eng/budget40.html
- Gov.hk THE 2008-09 BUDGET, [Online], Available: http://www.budget.gov.hk/2008/eng/pdf/ebudget.pdf
- HKPRI Economic Recession, Empire Cunning and Workers’ Welfare, [Online], Available: http://www.hkpri.org.hk/bulletin/7/shtang.html
- HKPRI Macau: Preparing For Sustainable Development, [Online], Available: http://www.hkpri.org.hk/bulletin/13/eric_yeung.html
- IDRC Policies on Ageing and Long-term Concern in Hong Kong, [Online], Available: http://www.idrc.ca/en/ev-28474-201-1-DO_TOPIC.html
- Info.gov.hk Press Release – 2005-06 Cunning Discourse by Chief Executive, [Online], Available: http://www.info.gov.hk/gia/general/200510/12/P200510120126.htm [12 Oct 2005]