Hong Kong and China: The Cash Mentality Revisited

Randy K Chiu, Thomas Li Ping Tang, Vivienne Wai Mei Luk

    Research output: Contribution to journalJournal articlepeer-review

    34 Citations (Scopus)

    Abstract

    The research for this article surveyed 583 professional employees in Hong Kong and 121 managers of overseas companies operating in People’s Republic of China and identified the five most popular compensation components to attract and motivate employees. People in Hong Kong identified base salary, merit pay, year-end bonus, annual leave, mortgage loans and profit sharing as the most important components for attracting and motivating employees. Employees in People’s Republic of China cited base salary, year-end bonus, merit pay, housing provisions, annual leave and individual bonus as the most important components to attract and motivate employees. Because of a number of cultural and socioeconomic factors, the cash mentality is still a very important factor in attracting and motivating employees in Hong Kong and People’s Republic of China.
    Original languageEnglish
    Pages (from-to)66-72
    Number of pages7
    JournalCompensation and benefits review
    Volume33
    Issue number3
    DOIs
    Publication statusPublished - May 2001

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