Employment Compensation

Disney investors threaten to revolt over chief executives pay

Bob Iger

A revolution is brewing in the tree-lined streets of Walt Disney's Magic Kingdom, as shareholders prepare to fight the creeping power and rising rewards of the chairman and chief executive, Bob Iger.

Sunday, 3 March, 2013, 6:30am

Police union seeks to raise officers' retirement age

Gallant Garden honours civil servants who die on duty.

The union has written to Ip, who chairs the Legislative Council's panel of public services, asking her to bring the matter to the attention of the legislature.

27 Jan 2013 - 5:00am 1 comment

Investors cheer as Goldman Sachs keeps lid on pay

Goldman Sachs may be one of few Wall Street firms that paid employees more for last year. Photo: Reuters

Goldman Sachs, the securities firm that set a compensation record on Wall Street in 2007, is now demonstrating how little it can pay.

The portion of revenue allotted for salaries, bonuses, stock awards and benefits was 38 per cent last year, down from 42 per cent a year earlier and the lowest since 2009, the company said on Wednesday.

18 Jan 2013 - 5:27am

Want a big expat package? Then head for where the living isn't so easy

Foreign professionals in Hong Kong seem to have it all - a city boasting great transport links, a standard of living that is easy to adjust to, and the fourth-highest expatriate remuneration packages in Asia.

But throw in employee benefits for living expenses such as education and rent, and developing nations could well turn out to be more lucrative.

4 Nov 2012 - 4:13am

Pointers to planning ahead financially for your retirement

Mak Hon-kai invested in property to secure his future. Photo: Jonathan Wong

With three properties under his belt, Mak Hon-kai, 73, is enjoying a comfortable retirement.

The chairman of the Hong Kong Association of Senior Citizens, who came from humble origins, says his assets are the fruit of hard work.

4 Nov 2012 - 9:52am

Benefits of paternity leave outweigh costs

Secretary for Labour and Welfare Matthew Cheung Kin-chung. Photo: Sam Tsang

Earlier this year, a survey of employers found that those who do not offer paternity leave - a large majority - had no intention of introducing it unless the government legislated to make it compulsory. Secretary for Labour and Welfare Matthew Cheung Kin-chung has indicated this is on the cards next year anyway.

2 Nov 2012 - 3:56am

Minimum Wage Commission close to agreeing HK$30 an hour

The commission set up by the government to review the statutory minimum wage edged closer to supporting a new level of about HK$30 an hour, although no consensus had been reached by midnight.

25 Sep 2012 - 3:47am

Employers' Federation resists rise in HK$28 minimum wage

A federation representing about 500 employers is calling for the minimum wage to stay at HK$28 an hour, saying that otherwise companies will have to cut staff to stay in business.

11 Sep 2012 - 3:26am

Family holidays for bond building and memories

The Winstanley girls in Guangzhou, where they studied Putonghua

What makes a memorable family holiday? Certainly not the organisation: packing for five, finding someone to look after the family pet, stopping the newspaper delivery and buying a vat of sunscreen. So why, year after year, do we put ourselves through it?

7 Sep 2012 - 5:22pm

Hong Kong hotels accused of not paying minimum wage in job 'trial periods'

A union says some hotels in Hong Kong are exploiting workers under a "trial period" in the first two to three weeks of a new job. Photo: Jonathan Wong

Hotel bosses are dodging the minimum-wage law by forcing room cleaners to work for "trial periods" for low pay rates and without overtime compensation, according to a union survey.

15 Aug 2012 - 3:47am

Victimised foreign helpers face uphill struggle when seeking justice

Your articles concerning injustices to overseas domestic helpers ('Maids get raw deal in labour tribunal', and 'Helper's wages case drags on after eight months', August 5) should be observed and action taken on behalf of the maids.

15 Aug 2012 - 11:30pm

Government will build consensus before legislating for paternity leave

I write in response to Israel Lai's letter in which he calls on the administration to undertake a review on legislating for paternity leave ('Paternity leave can improve employee loyalty while helping to increase birth rate', August 3).

Let me first point out that the government has all along been promoting family-friendly employment practices.

15 Aug 2012 - 11:23pm

Leave the family out of the eligibility test for elderly aid

Hong Kong is a prosperous city with a per capita gross domestic product of HK$268,213 in 2011. Yet, in the middle of this great prosperity, we see the saddening sight of elderly people collecting waste paper and discarded items on the streets.

14 Oct 2012 - 11:20pm

Mind the gap

From the blogosphere firestorm swirling around the recent article 'Why Women Still Can't Have It All' in The Atlantic, it's clear the debate about equality for the sexes still has a long way to run.

20 Jul 2012 - 12:00am

Don't get angry, get equal pay

Today's session is not about getting angry, but getting even - getting even pay,' said moderator Tara Joseph, executive producer at Thomson Reuters, at a panel organised by The Women's Foundation and the French Chamber of Commerce on the gender gap in pay.

7 Jul 2012 - 12:00am

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