Hong Kong and China: The Cash Mentality Revisited

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

doi:10.1177/08863680122098324

Hong Kong and China: The Cash Mentality Revisited

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

Research output: Contribution to journal › Journal article › peer-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 language	English
Pages (from-to)	66-72
Number of pages	7
Journal	Compensation and benefits review
Volume	33
Issue number	3
DOIs	https://doi.org/10.1177/08863680122098324
Publication status	Published - May 2001

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title = "Hong Kong and China: The Cash Mentality Revisited",

abstract = "The research for this article surveyed 583 professional employees in Hong Kong and 121 managers of overseas companies operating in People{\textquoteright}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{\textquoteright}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{\textquoteright}s Republic of China.",

author = "Chiu, {Randy K} and Tang, {Thomas Li Ping} and Luk, {Vivienne Wai Mei}",

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AU - Luk, Vivienne Wai Mei

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N2 - 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.

AB - 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.

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Hong Kong and China: The Cash Mentality Revisited

Abstract

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