TY - JOUR
T1 - Retaining and motivating employees:Compensation preferences in Hong Kong and China
AU - Chiu, Randy K
AU - Luk, Vivienne Wai Mei
AU - Tang, Thomas Li Ping
N1 - Copyright:
Copyright 2016 Elsevier B.V., All rights reserved.
PY - 2002/8/1
Y1 - 2002/8/1
N2 - 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, yearend bonus, annual leave, mortgage loan, and profit sharing were the most important factors to retain and motivate employees. In China, base salary, merit pay, yearend 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 culturerelated factors.
AB - 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, yearend bonus, annual leave, mortgage loan, and profit sharing were the most important factors to retain and motivate employees. In China, base salary, merit pay, yearend 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 culturerelated factors.
KW - Compensation
KW - Employees
KW - Hong Kong
KW - Motivation
KW - People's Republic of China
KW - Retention
UR - http://www.scopus.com/inward/record.url?scp=0036017986&partnerID=8YFLogxK
U2 - 10.1108/00483480210430346
DO - 10.1108/00483480210430346
M3 - Journal article
AN - SCOPUS:0036017986
SN - 0048-3486
VL - 31
SP - 402
EP - 431
JO - Personnel Review
JF - Personnel Review
IS - 4
ER -