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Impacts Of The Statutory Minimum Wages On Property Management Companies In Hong Kong
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Book Synopsis Impacts of the Statutory Minimum Wages on Property Management Companies in Hong Kong by : Ka-Kee Sze
Download or read book Impacts of the Statutory Minimum Wages on Property Management Companies in Hong Kong written by Ka-Kee Sze and published by . This book was released on 2017-01-26 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "Impacts of the Statutory Minimum Wages on Property Management Companies in Hong Kong" by Ka-kee, Sze, 史家麒, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: Statutory Minimum Wages was effective in Hong Kong on 1 May 2011. It is not a newly invented concept and actually many European and Asian countries have adopted the minimum wages policy for long. Since the implementation of the minimum wages, it has been a controversial topic in our Hong Kong society. Being the one works in the property management field, this dissertation aims to examine the implementation of the Statutory Minimum Wages among the property management companies in Hong Kong and to critically review and evaluate the costs and benefits of this policy on the property management companies. Many scholars and economists have taken efforts to study the impacts of implementing the Statutory Minimum Wages. By reviewing those studies it helps to understand the possible costs and benefits that the minimum wages policy could bring. However, most of the studies are focused on the impacts of the minimum wages policy to the personal or society, very rare that they would have studied on the impacts of the minimum wages on a specific industry. There are also no scholars and economists did a research on the impacts of the Statutory Minimum Wages on the property management industry. To understand the impacts of the Statutory Minimum Wages on property management companies in Hong Kong, both primary and secondary data research has been conducted in order to find out the answer. For the secondary data research, data are collected via various channels including government's report, Census and Statistics Department, journals, books and newspapers etc. For the primary data research, both qualitative and quantitative method has been used. The quantitative questionnaire interview aims to interview the people working in the property management companies and see how the implementation of the minimum wages could have impact on them. There is also a qualitative face to face interview to the property managers so as to understand the impacts of the minimum wages policy to the property management companies. By gathering the information and analysis the data, this paper suggests that at the current stage the implementation of the Statutory Minimum Wages could bring more benefits than costs to the property management companies in Hong Kong. The overall living standard and living quality of the people working in the property management companies has been improved. Although the minimum wages would increase the company operation cost, it is suggested that the benefits generated could cover the cost increment in long run and it is worthy to continue the enactment of the minimum wages policy. Nevertheless, there is the recommendation that the future review of the minimum wages level should not be too aggressive. Prior any adjustment taken there should have a detail study on the market situation and the company affordability. Great changes at a time would be out of the affordability of the property management companies, which in turn would lead to the negative effect of close down of companies and trigger the layoff of employees. The policy should be review and adjust bit by bit so as to favor for the long term development of the property management companies in Hong Kong. DOI: 10.5353/th_b4834317 Subjects: Minimum wage - China - Hong Kong Real estate management - China - Hong Kong
Book Synopsis Examine the Impacts of Statutory Minimum Wage on the Service Quality of Property Management Companies in Hong Kong by : Pui-Shan Lau
Download or read book Examine the Impacts of Statutory Minimum Wage on the Service Quality of Property Management Companies in Hong Kong written by Pui-Shan Lau and published by Open Dissertation Press. This book was released on 2017-01-27 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "Examine the Impacts of Statutory Minimum Wage on the Service Quality of Property Management Companies in Hong Kong" by Pui-shan, Lau, 劉珮珊, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: In Hong Kong, statutory minimum wage has been implemented for three years. Under the implementation of statutory minimum wage, the property management companies have to pay at least $30 to their staff per hour, it increases the staff cost of property management companies and reduces the profit of the companies. On theother hand, the property owners have to pay higher management fee due to the increase of staff cost, they expected that they should receive better quality of services. If the service standard of the property management companies could not match with owners' expectation, it would affect the customer satisfaction towards the service of the property management companies. As a result, it would increase the conflicts between the property owners and the property management companies and it might affect the relationship between each other. Indeed, the property management companies are facing high pressure on it now. Therefore, it is meaningful to study the impacts of minimum wage on the service quality of property management companies in Hong Kong. In this study, we try to investigate whether the implementation of minimum wage can improve the service quality of the properties management companies in Hong Kong and increase the satisfaction level of the employees and the customers. The scope of study will be focused on two different types of property management companies. One is a large-sized property management company (Company A) which is the subsidiary of large developer in Hong Kong. The other is a small to medium sized property management company (Company B) which is a non-subsidiary company. By doing this research, it could compare the service quality of different types of property management companies after the implementation of minimum wage. Two sets of questionnaires were sent out in order to collect the viewpoints from the staff of the property management companies and the owners/residents' of middle class residential properties. There were altogether 250 questionnaires were done, the results showed that both Company A and Company B were in the same direction. The results expressed that either internal customer (staff of the property management companies) or the external customer (owners/residents) of both companies did not think that the service quality of management office have significant improvement after the minimum wage. Based on the results of the research, we suggest some ways to improve the service quality of the service team and also give some recommendation to government in implementing the minimum wage policy so that it could benefit for people working in the property management field in Hong Kong. DOI: 10.5353/th_b5334675 Subjects: Real estate management - China - Hong Kong Minimum wage - China - Hong Kong
Book Synopsis Impacts of the Statutory Minimum Wages on Property Management Companies in Hong Kong by : 史家麒
Download or read book Impacts of the Statutory Minimum Wages on Property Management Companies in Hong Kong written by 史家麒 and published by . This book was released on 2012 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Impacts of Minimum Wages on Property Management in Hong Kong by : Chi-Wing Tsoi
Download or read book The Impacts of Minimum Wages on Property Management in Hong Kong written by Chi-Wing Tsoi and published by Open Dissertation Press. This book was released on 2017-01-27 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "The Impacts of Minimum Wages on Property Management in Hong Kong" by Chi-wing, Tsoi, 蔡志榮, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: In May 2011, it is a milestone for implementation of Statutory Minimum Ordinance in Hong Kong. In this dissertation, it can see that the changes in the field of property management after implementation of Statutory Minimum Wage Ordinance. The aim of implementation of Statutory Minimum Wage Ordinance to safeguard the interests of the vulnerable and grassroots workers. However, it found that it is very difficult to recruit frontline security staff than before. Hence, questionnaire and interview were conducted for analysis the existing working and living condition of frontline security staff and managerial grade staff. It can get more details what are the problems after implementation of Statutory Minimum Wage Ordinance. Moreover, some recommendations and suggestions are given for review of Statutory Minimum Wage Ordinance. In this project, it was found that frontline security staff get their job easier than before and the majority of their hourly wage rate at between $30.1 and $33. The frontline security staff also consider to get their job not only hourly wage but also the other fringe benefits what the property management company can provide. On the other hand, the managerial grade staff felt that their workload were increased and they also disagree the benefits could outweigh disadvantages after implementation of Statutory Minimum Wage Ordinance. Furthermore, management fee were increased inevitably which affected by the implementation of Statutory Minimum Wage Ordinance. It was known that the Statutory Minimum Wage rate was applied to all industries which set up in one rate. It is time for review the policy that set up a different minimum wage rate for different kind of industries. Recently, a referendum was conducted in Switzerland by resolution of implementing the Statutory Minimum Wage Ordinance on 18 May 2014, and it was rejected by majority. They concern that implementing the Statutory Minimum Wage Ordinance not only to weaken the productivity and competitiveness for each industry but also implementation of Statutory Minimum Wage Ordinance cannot be improved the quality of living condition. To improve the quality of living condition for grassroots workers, working hard is the best solution. We may put this case of Switzerland in to Hong Kong for reference and we may also make our own choice by a referendum for resolution of implementation of Statutory Minimum Wage Ordinance. DOI: 10.5353/th_b5334778 Subjects: Real estate management - China - Hong Kong Minimum wage - China - Hong Kong
Book Synopsis Examine the Impacts of Statutory Minimum Wage on the Service Quality of Property Management Companies in Hong Kong by : 劉珮珊
Download or read book Examine the Impacts of Statutory Minimum Wage on the Service Quality of Property Management Companies in Hong Kong written by 劉珮珊 and published by . This book was released on 2014 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Impacts of Minimum Wages on Property Management in Hong Kong by : 蔡志榮
Download or read book The Impacts of Minimum Wages on Property Management in Hong Kong written by 蔡志榮 and published by . This book was released on 2014 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Labor Politics in Hong Kong by : Cheuk-Ho Raymond Lam
Download or read book Labor Politics in Hong Kong written by Cheuk-Ho Raymond Lam and published by Open Dissertation Press. This book was released on 2017-01-27 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "Labor Politics in Hong Kong: a Case Study on Minimum Wages Legislation" by Cheuk-ho, Raymond, Lam, 林焯豪, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: ASTRACT The issue of minimum wage is complicated and carries a far-reaching impact on the future socio-economic development of Hong Kong. It involves a plethora of questions which need to be answered. For example, what is considered to be a reasonable minimum wage? Should it be across the board or targeted at individual trades or sectors? Is legislation absolutely essential? Should a pilot scheme be launched in the first place and mechanism for setting and adjusting the minimum wage? How to monitor that mechanism? Will a minimum wage result in a surge in labour costs to the level beyond the affordability of employers so that our business environment and economy will be seriously eroded? Will a minimum wage really benefit elementary workers who need such protection most or will they be priced out of the labour market as employers would prefer people of better skills and knowledge when the wage has to be at or above a certain level? In other words, will the policy be really effective and will not do more harm than good? When Hong Kong is moving towards a knowledge-based society and when labour -intensive jobs or jobs requiring just basic skills are fast diminishing, will a statutory minimum wage provide greater protection to workers in the lower strata or will we be taking away what remains of the precious job opportunities from them? These are all fundamental - 5/78 - questions that need to be tackled. However, it is hard to answer and consolidate the above questions, as the policy arena is varying in different circumstances. In other way round, I try to illustrate the views and stands of different politicians in Hong Kong considering the effectiveness of Minimum Wages Legislation and see how the Administration react in relation to the views of different politicians. As a result, we will see from the paper that the Administration is not going to take side, but, as a result, draws a line in between the politicians trying to resort the community conflict and balance the public interest in the sake of Hong Kong's situation. - 6/78 - DOI: 10.5353/th_b3828359 Subjects: Minimum wage - Law and legislation - China - Hong Kong Minimum wage - Political aspects - China - Hong Kong
Book Synopsis A Study of the Impact of Minimum Wage on Security Services of Housing Estates in Hong Kong by : 陳紹恆
Download or read book A Study of the Impact of Minimum Wage on Security Services of Housing Estates in Hong Kong written by 陳紹恆 and published by . This book was released on 2017 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Impacts of Green Management on the Competitiveness of Private Property Management Company in Hong Kong by : Hok-chau Cheung
Download or read book Impacts of Green Management on the Competitiveness of Private Property Management Company in Hong Kong written by Hok-chau Cheung and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Hong Kong Employment Law by : Pattie Walsh
Download or read book Hong Kong Employment Law written by Pattie Walsh and published by CCH Hong Kong Limited. This book was released on 2008 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book will allow you to get a firm grasp of the relevant legislation so you’ll always be alert to its day-to-day impact on the employment relationship; and take practical steps to make sure your employee relationships and your business are not exposed to legal challenges. Step by step through the best-practice procedures that ensure full compliance with all relevant Hong Kong laws. Case studies and worked examples—dozens of them—clearly illuminate just about any difficulty likely to arise in any employment situation.
Book Synopsis Global Wage Report 2020-21 by : INTERNATIONAL LABOUR OFFICE.
Download or read book Global Wage Report 2020-21 written by INTERNATIONAL LABOUR OFFICE. and published by . This book was released on 2020-12-02 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This ILO flagship report examines the evolution of real wages around the world, giving a unique picture of wage trends globally and by region. The 2020-21 edition analyses the relationship of minimum wages and inequality, as well as the wage impacts of the COVID-19 crisis. The 2020-21 edition also reviews minimum wage systems across the world and identifies the conditions under which minimum wages can reduce inequality. The report presents comprehensive data on levels of minimum wages, their effectiveness, and the number and characteristics of workers paid at or below the minimum. The report highlights how adequate minimum wages, statutory or negotiated, can play a key role in a human-centred recovery from the crisis
Book Synopsis Professional Housing Management Practices in Hong Kong by : Rebecca Lai-Har Chiu
Download or read book Professional Housing Management Practices in Hong Kong written by Rebecca Lai-Har Chiu and published by Hong Kong University Press. This book was released on 2006-10-01 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Professional housing management is of growing importance in Hong Kong and the "Hong Kong management model" is adopted in many neighbouring high-density cities. However, there has been by far no literature on the subject of housing management practices in Hong Kong. This book is therefore crucial in understanding how housing management makes significant contributions to the safety, viability, liveability and vibrancy of our high-density and high-rise environment. Since the late 1980s, housing education in this city has developed by leaps and bounds. A recent study found that over 3,000 junior practitioners would be seeking professional training or further study for career advancement. This book is an indispensable aid to self-study or taught courses.
Download or read book Doing Business 2020 written by World Bank and published by World Bank Publications. This book was released on 2019-11-21 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.
Book Synopsis Hong Kong's Financial Institutions and Markets by : Robert Haney Scott
Download or read book Hong Kong's Financial Institutions and Markets written by Robert Haney Scott and published by Oxford University Press, USA. This book was released on 1986 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first comprehensive study of Hong Kong's financial markets and institutions, this book takes a detailed look at the monetary policy, international financial relations, and government regulation of this efficient open economy.
Download or read book Labour in Vietnam written by Anita Chan and published by Flipside Digital Content Company Inc.. This book was released on 2003-08-01 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two decades after Vietnam introduced a programme of economic renovation commonly known in Doi Moi, the country today allows market competition in industry, and a new working class has been created. This is the first book to focus on the role and conditions of workers in the new economic regime. The authors of the book trace Vietnam's labour history, explore the impact of the socialist legacy and examine the reasons for the large number of recent strikes. The book provides insights into the workforce of one of Asia's most rapidly developing industrial economies.
Book Synopsis Property Rates in Hong Kong by : Meifen Zeng
Download or read book Property Rates in Hong Kong written by Meifen Zeng and published by . This book was released on 2013 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Law and Legal Information Directory by : Thomson Gale (Firm)
Download or read book Law and Legal Information Directory written by Thomson Gale (Firm) and published by Gale Cengage. This book was released on 2006 with total page 2068 pages. Available in PDF, EPUB and Kindle. Book excerpt: Law and Legal Information Directory provides descriptions and contact information for institutions, services and facilities in the law and legal information industry.
