Retaining and motivating employees:Compensation preferences in Hong Kong and China

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

    Research output: Contribution to journalJournal articlepeer-review

    120 Citations (Scopus)

    Abstract

    This paper reports two studies involving data collected from 583 participants in Hong Kong and 121 participants in the People's Republic of China (PRC), and examines the most popular compensation components offered by organizations to employees and participants’ perceptions regarding the five most important compensation components to retain and motivate people in Hong Kong and PRC, respectively. Results suggested that in Hong Kong, base salary, merit pay, yearend bonus, annual leave, mortgage loan, and profit sharing were the most important factors to retain and motivate employees. In China, base salary, merit pay, yearend bonus, housing provision, cash allowance, overtime allowance, and individual bonus were the most important factors to retain and motivate employees. Results are discussed in light of economic, geographic, and culturerelated factors.

    Original languageEnglish
    Pages (from-to)402-431
    Number of pages30
    JournalPersonnel Review
    Volume31
    Issue number4
    DOIs
    Publication statusPublished - 1 Aug 2002

    Scopus Subject Areas

    • Applied Psychology
    • Organizational Behavior and Human Resource Management

    User-Defined Keywords

    • Compensation
    • Employees
    • Hong Kong
    • Motivation
    • People's Republic of China
    • Retention

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