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    Published on: 5/24/2004    Last Visited: 4/5/2006  

    "Wage rates in Hong Kong are certainly higher on average than in neighbouring markets like Taiwan, Korea and China, but investors weigh that factor against the high quality of the work force," says Sherman Chen, a consultant at the firm."The local labour force stands out for its multi-lingual ability, notably in English, its acceptance of foreign business practices and cultures distinct from the local culture, and its high ethical standards," Chen says.

    Hong Kong's strong educational standards start with nine years of free compulsory education right through to government-supported adult and workforce education programmes (such as the Continuing Education Fund)."As Hong Kong has so many leading global firms based here, what the Hong Kong workforce also has is the experience of working in an environment with very high corporate standards," Chen says.
    ...
    Even if skills shortages do arise, the Hong Kong government is also open to the inflows of labour if skill shortages do arise," says Chen.

    Other advantages in the field of human resource, according to Mercer, are the business friendly regulations, controls and processing infrastructure."Payroll actions, for instance, are a lot simpler in Hong Kong than in certain other Asian economies," Chen explains.
    ...
    "This benefits both investors who set up in Hong Kong, because of the breadth and depth of expertise available, and new investors to Hong Kong in the professional service industry itself, as they can tap into a plentiful pool of professional talent for their staff requirements," says Sherman Chen, a consultant at recruitment consultancy Mercer Human Resource Consulting.

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