hkihrm_ar16_highres_digital

會 籍 及 會 員 服 務 01

願景 及
及
會 服務

使命

會員及

信念

關顧持份者

重視操守

OUR VISION 重視表現

To be the leading professional human resource

management and advisory institute for the

Hong Kong SAR

OUR MISSION

To develop, maintain and enhance professional
human resource management standards through our
members and partners

To increase the value and influence of the human
resource management profession

OUR VALUES

CARE FOR OUR STAKEHOLDERS
We care for their interests and value their
contributions with respect and integrity

CARE FOR ETHICS
We uphold our ethical spirit and comply with
applicable laws and corporate governance
requirements

CARE FOR PERFORMANCE
We value knowledge, competence, innovation and
creativity; we pursue excellence in professionalism
and strive for quality service through standards and
commitment

02 MEMBERSHIP SERVICES

CONTENTS

目錄

02 President’s 04 Executive 06 Membership
Report Director’s Report Services
會長報告 行政總監報告 會員服務

12 Learning and 18 Professional 22 Professional
Development Recognition Standards
學習與發展 專業認可 專業標準

25 Advocacy and 29 China and 32 Report of
Communication International the Executive
倡導與溝通 Connections Council
內地及國際聯繫 理事會報告書

34 Independent
Auditor’s Report
獨立核數師報告

1. HKIHRM Organisational Structure

會

45 2. Executive Council / Committees / Advisory Boards / Taskforce 2016/17

Appendices 2016/17 會 / 員會 / /
附錄
3. Programme Endorsement

4. HKIHRM Representatives in External Committees
會 員會

會 籍 及 會 員 服 務 01

PRESIDENT’S

REPORT

會長報告

Over the past year, the Institute has provided multiple platforms for 會 會員及 員
members and fellow HR practitioners to share best HR practices and 務
experiences while driving continuous advancement in their profession
enabling them to brace themselves for new challenges and ride through
changes. As the strategic business partner of their organisations, HR
professionals take on a vital role in helping to navigate areas of HR
transformation and creating new growth spurts with their competences
and foresights.

The merits of data analytics for people management and growing 及
the business bottom line are getting increased recognition in HR 員
management. However it is perceived from among the trends in the year,
that technology is making its impact felt in transforming the nature of 會
jobs, job roles, and the ways in which work is carried out and completed.
Such rapid technological advances have enabled workers to collaborate 2016 會
virtually in a cross-team environment on project bases. The widespread 員
adoption of automation, artificial intelligence and robotics has resulted in 員 員
a growing number of job losses across business sectors and industries. HR 2018 會 員
is advancing into the technology era where transformation is taking place. 員
The impact of technology will significantly reshape workforce planning and 及
challenge the fundamentals of businesses and workplace configuration. A 及
rethinking of all aspects of talent management, workforce planning and
work distribution will be necessary. Recognising this trend on workforce
planning, the Institute organised a seminar entitled Future of Work in early
2016 to present the challenges and opportunities for the HR profession in
the imminent future.

Hong Kong HR practitioners, like their counterparts in other parts of the
world, face younger generations of workers with different value systems
and career aspirations, and the real challenge is to manage, motivate

02 PRESIDENT’S REPORT

and align them with the corporate culture. With Hong Kong forecast to 理 健 康 和 健 全 體 魄。單 憑 獎 勵 措 施 如 特 殊 休假 及 家 庭 友
experience a labour shortfall in 2018, HR practitioners are also faced with 善政策，將不足以提升員工的工作投入度和生產力。
an even more critical challenge to talent management and workforce
planning. HR should be forward-looking to implement policies and 除了 科 技 創 新 和 勞 動 力 結 構 的 轉 變 ，還有多項 因 素 互相
make arrangements to extend the working life of employees to relieve a 交織，改寫著今天和明日商業世界的人力資源管理專才
manpower shortage. With the expectation of a longer working life as an 的角色、工作 範疇 和 能力。就 本港而言，人 力資本一直
increasing norm, it is important that employers should keep the current 是香港賴以成功和維持競爭優勢的骨幹，它將繼續成為
and future workforce productive, healthy and resilient to adversity at work 香 港 規 劃 未 來 持 續 發 展 的 重 要 元 素。目前 香 港 政 府 正 針
and in life. Employers should gain a new understanding of the essentials 對 2030 年以後如何策略性地維持經濟增長進行研究，
crucial to achieving organisational effectiveness and social harmony, such 隨著香港與珠江三角洲和一帶一路等鄰近區域進行社會
as well-being, mental health and physical fitness of employees. Incentives 和經濟融合，香港的人力資源專才須思索當中對未來人
such as special leave benefits and family-friendly measures will no longer 才 需 求 和 工作 方向將 有何啟 示。
be the key element to guarantee a motivational and productive workforce
for an organisation. 展望未來，人力資源業界將不僅是企業的策略性伙伴，
更是一名變革者，力求應用先進科技於人力資源實務中，
Apart from technological innovation and changing workforce demographics, 發揮更重要的角色。
a multitude of factors are intertwining to shape the role, scope of work
and functions of the HRM profession in today’s and tomorrow’s business
world. On the local front, human capital has always been the backbone
of Hong Kong’s success and competitive edge. It will continue to be a
major component of Hong Kong’s sustainable development planning in
the future. At the time when the Hong Kong Government is carrying out
its study on the strategic approach to sustain Hong Kong’s economic
growth beyond 2030, it is important for our HR professionals to consider
how Hong Kong’s socio-economic integration into our neighbouring
development zones in the Pearl River Delta and the Belt and Road
initiative among others will shape our talent demand and work directions
in the near future.

Moving forward, HR is not just a strategic business partner, but also
playing the role of a transformer taking an advanced step in technology on
HR practices.

David Li 李志明
President 會長
HKIHRM 香港人力資源管理學會

會 長 報 告 03

EXECUTIVE
DIRECTOR’S
REPORT

行政總監報告

2016 marked an inspiring year for the Institute’s development in many 2016
ways when Hong Kong experienced an economic slowdown. This was 會
amidst an increasingly regulatory environment, including among others,
the full implementation of the Competition Ordinance in Hong Kong 會 及
which prompted the Institute to rethink a balance between compliance 務
with the Ordinance and serving members’ needs. The Institute continued 會員
to conduct the respectable Pay Trend and Pay Level survey and at the
same time, worked with multiple legal experts to step up members’ 會 務
awareness and understanding of the legal environment on HR practices. 會
Economic headwinds posed a financial challenge to many organisations in 會員
Hong Kong. Through cautious budget planning, the Institute managed to
maintain a good financial standing with a surplus of HK$ 507,044 thanks 5,500 會員
to a prudent financial approach and a stable membership record of over 務
5,500 in the reporting year.
507,044
Challenges always come with opportunities that drive us to continue to
advance, innovate and think anew to meet members’ professional needs 會員 會
and prepare them for emerging and unknown trends. In the year under 會員
review, the Institute continued to promote and advance HR professionalism 會
and best HR practices through various learning and exchange platforms
including members’ activities, training and learning programmes, flagship 務
events and advocacy efforts among others.
員 會 2016 會員 40
In terms of numbers, we organised over 210 activities, events, training and 210 2015/16
visits for members and HR practitioners in 2016, among which 40 new 會
courses were launched. While the successes of HR Excellence Awards 會 會 會 會及
2015/16, the HKIHRM Annual Conference and Exhibition 2016, full-day 會 2016 及
seminars such as 2016 Annual Training Needs Seminar cum ATD Post- 會會
Conference Sharing, 2016 Pay Trend and Benefits Seminar continued to 2016
put the Institute at the centre stage of Hong Kong’s HR profession, the 會
addition of the newly developed topical forum entitled the Unlock Talent
會
會 服務
員

04 EXECUTIVE DIRECTOR’S REPORT

Potential – Competency Assessment Seminar widened the spectrum of 會3 會 會
professional specialty offered by the Institute. In March, we hosted the 會員 會員
first ever Future of Work seminar to help members stay ahead of human 會
capital revolution underpinned by digitalisation and driven by a technology 會員 會員
advancement at unprecedented rate. Building on the success of this
seminar, we later developed training programmes and courses around the 及 務 員會 及
technology-driven HR processes, to equip members with the necessary 會員
skill sets to cope with the massive changes ahead. 及 及
2017
Ensuring HR professionals’ voices to be heard, the Secretariat worked 會員
closely with the Executive Council and the Employment-related Hong 員
Kong Legislation and Issues Committee to step up our advocacy efforts on 會
Hong Kong’s employment and labour issues by reflecting members’ views
to the Government on MPF offsetting arrangements, standard working 會
hours legislation, minimum wage review and the city’s imminent manpower
challenges in response to the Government’s calls for professional HR 會員 8會
insights and recommendations prior to the 2017 Policy Address and the
Budget. Our research and survey efforts provide members with foresights 會 Human Resources
to facilitate their work from formulating reward and engagement strategies
to prioritising training needs. During the year under review, we published Management Association 會籍
nine research reports and key findings were shared to the media through
press releases and press briefings. 會

Mutual recognition of HR professional qualifications and work experience 會員 會
among HR professional organisations in other countries presents more 20 會員
opportunities for members. In August, the Institute entered into a
reciprocal professional recognition arrangement with the Canada-based 會
Human Resources Management Association. This arrangement offered
members an added advantage with increased work mobility in another 會 100
jurisdiction. As at the end of the reporting year, 20 members were referred 會 會 會員
to attain the professional status from our Canadian counterpart.
會員
Significant mileage was achieved in our work as the Professional Writer
of the Specification of Competency Standards (SCS) for the HRM sector 務 200
under the Qualifications Framework. The Institute completed phases II
to IV of the compilation of the HRM SCS, with the support of various 會
stakeholders and, most importantly, the participation of over 100 senior 員
members from various industries, business sectors and professional
backgrounds. Their expert knowledge and functional insights were 會 2017 40
translated into the core contents of more than 200 Units of Competency 會 員會 員
across seven HRM functional areas. This cross-industry effort under the
Institute’s stewardship will provide a clearly defined progression pathway 會 員及 會
for HR practitioners to pursue their professional development and will play
a pivotal role in the future development of HRM in Hong Kong.

As the Institute celebrates its 40th anniversary in 2017, I would like to thank Kwan Kin Mei
members of the Executive Council, various Committees and Taskforces, Executive Director
fellow members for their ongoing support to the Institute’s work. I would HKIHRM
also like to thank the Secretariat team for their dedication as we continue
to respond to various callings from fast-changing environment that have
impacted the role of HR professionals as well as HKIHRM.

會

05

1

MEMBERSHIP
SERVICES

會員服務

MEMBER EVENTS 會員活動 會 1. HKIHRM’s President, David
2016 Li (left) and Honorary Treasurer
To suit members’ professional and development 會員
needs, the Institute has spared no effort in uplifting 會員服務 會 Dave Li preside at the HKIHRM’s
membership services. In 2016, a wide array of 會 會員
member activities were organised, including top- 員會 23rd Annual General Meeting.
level conversations, some 30 purpose-built or topical 務
seminars, student talks, a mentorship programme, 會
as well as roadshows, to keep members abreast of
the industry’s best practices, market trends and our 會 23 會員 會
recent work.
30 2. A seminar is organised to
A wide array of seminars focusing on employment- illustrate the legal implications of
related laws and regulations of China and HR 及 the Competition Ordinance for
management were well attended by HR practitioners. HR practices, which took effect
In May, the Institute had the honour to invite Mr Jasper 會 in December 2015.
Tsang Yok-sing, GBM, JP, the former President of the
Legislative Council of Hong Kong, to share his leadership 會會 2015 12
insights with members. In August 2016, a representative
from Woo Kwan Lee & Lo, a local law firm, spoke to a 及 會會
full house of over 100 members to dissect the impact of 員
Competition Ordinance on HR practices. 務

2016 5 會 3. HKIHRM’s mentors share the
latest employment trends and
會 8 HR best practices with mentees
100 會員 during a mentorship sharing and
會員 networking session in April 2016.
務
2016 4

會會 員
及 務

Apart from these events, a wide variety of lifestyle 2
programmes were organised to enhance fellowship
amongst members. For example, a workshop
on Business Dining Etiquette was organised in a
restaurant where participants learnt practical tips
on dining etiquettes and practices for business
occasions. With the assistance and involvement of
some enthusiastic Associate Members, a Book Share
event was held in December with the aim of creating

3

06 MEMBERSHIP SERVICES

a culture of sharing resources among members. The 會
two-day event attracted over 50 book lovers and 會員
over 200 books found new owners. 務

MENTORSHIP PROGRAMME 及 會 12 會員
籍會
The Mentorship Programme is one of the Institute’s 會員
ongoing programmes, offering aspiring Associate 會
Members a valuable opportunity to learn from 會 50 員
experienced Fellow Members - the key to successful 200
career development for budding HR practitioners 籍
through consultation and experience sharing. The
programme also serves as a reciprocal learning 師導計劃
experience for the mentors to understand the
concerns and career aspirations of the younger 會
generation of HR practitioners. A series of
mentors’ sharing sessions were arranged to 會員 會員
feature Ms Judy Cheung, Associate Director of
PricewaterhouseCoopers Limited who talked Professional Fellow
about Workforce Transformation, and HKIHRM’s 會員 會員
President, Mr David Li, who addressed Generation
Diversity in the Workplace. The 12-month programme 33% 2%

MEMBERSHIP BY CATEGORY Affiliate
會籍類別 會員
PROFILE
會員資料 Associate 8%
會員
Corporate
32% 會員

11%

Student
會員

14%

Manager Lecturer Academic
Researcher Professor
33.4%
員
President Director
Chief Executive 0.7%

18.6% BY POSITION Consultant
職位級別
Miscellaneous 1.8%

14.7% Clerical and 員
Junior Staff
Student
員及
13.9%
4%

Officer

12.9%

會 員 服 務 07

4 4. Mentors and mentees pose for
a photo at the 2015/16 HKIHRM
Mentorship Closing Ceremony
held during the 23rd Annual
General Meeting in June 2016.

2016 6 2015/16
員 及 員 23 會

會

5 5. Judy Cheung, an HKIHRM
mentor and Associate Director
successfully paired up 17 mentors and mentees in of PricewaterhouseCoopers
2016, with a total of 61 pairs successfully matched Limited, talks about “Workforce
since the launch of the programme in 2012. Transformation” in a sharing
session organised for mentees.
STUDENT TALKS
會 會務
To sustain membership development, the Institute
took the initiative to reach out to the next generation 會員
of prospective HR practitioners across local
educational institutions and universities in Hong Kong. 會 6. Jasper Tsang Yok-sing
Nine talks were arranged for a total of 700 HRM (centre), former President of
major students at Hong Kong Institute of Vocational 會務 the Legislative Council of Hong
Education (Tsing Yi), Hong Kong Community College Kong receives a souvenir from
of The Hong Kong Polytechnic University, Hong 及 會會 the President, David Li (second
Kong Institute of Vocational Education (Kwun Tong), from right) following his talk on
Hong Kong Shue Yan University, Lingnan University, 員 17 12 leadership, flanked by Executive
Hong Kong Baptist University Shek Mun Campus, 2016 61 員; Director Kwan Kin Mei, Vice
The Education University of Hong Kong, and Hang President Lawrence Hung, and
Seng Management College, offering the students 2012 Vice President Margaret Cheng
comprehensive and useful information on the latest (from left to right).
economic situation and employment trends, the 員
changing roles of today’s HR professionals, job 會
hunting skills, together with career prospects in the 學生講座
HR profession. In addition, a couple of workshops 會
were organised in April and November 2016 for 會員
會 ()
及 700 會 及會
2016
7. Bob Xie (centre), HKIHRM’s
Fellow Member, shares with 50
Student Members about career
development and tips to clinch
their first job.

會 會 會員 50
會 會員
及
及

及 8. Executive Director, Kwan Kin
Mei, talks to HR-major students at
及 Hong Kong Shue Yan University
about the Institute’s major work in
員 11 會 HR management and professional
2016 4 standards setting.

會員

會
及

6

8

7

08 MEMBERSHIP SERVICES

Student Members where speakers shared tips on 會 9. Senna Cheung,
how to get well prepared for their first job and build Co-chairperson of the HKIHRM
relationships with colleagues in the workplace. 及 Remuneration Committee hosts
4 one of the book review sessions
The Institute has set up a scholarship in recognition for members during the Book
of local university students attending full-time HR Share Days activity.
programmes with excellent academic achievements
and aspiration to be HR practitioners after graduation. 員 會 員會
In this reporting year, 4 students were selected to 籍 會員
receive the scholarship of HK$5,000 each. 會
5,000
PROFESSIONAL RESEARCH 10. Over 50 visitors attend the
務 Book Share Days and have chosen
As a leading professional body in the HR field, the 會員
HKIHRM strives to promote knowledge sharing and 會 200 books in two days.
improve HR practices in Hong Kong. By carrying
out a series of regular surveys and ad-hoc studies, 專業調研 及 50
the Institute provides members and the general 會員
public with up-to-date intelligence and insights 及 會 籍 籍
on major HR topics and issues. These research 及 及 200
initiatives have underpinned the Institute’s thought
leadership position and substantiated its role as 11. Members attend a workshop
one of the foremost sources of expert views on HR organised by the Institute during
management subjects.
which they put business dining

etiquette into practice.

會員 會 務

2016 會 12. Saxon Weng, Chief Manager
of the Mandatory Provident Fund
及 Schemes Authority, talks about
員 the addenda of MPF Schemes

會員

會 13. David Li, HKIHRM President,
and Lawrence Hung, Vice
In 2016, the Institute conducted tracking surveys on President (centre, second row),
pay trend of different industries and pay levels for share career development insights
various job categories, in order to facilitate members and latest employment trends
in monitoring movements in the labour market and and challenges with students at
hiring sentiment amongst employers. To gather Hang Seng Management College
views of HR practitioners on the Government’s in November 2016.
employment-related policies, two studies on the MPF
offsetting mechanism and standard working hours 2016 11 會 及會
were unveiled this year. Another study on stress in the
及

9

10 11 12

13

會 員 服 務 09

workplace shed light on how resilient Hong Kong’s The HKIHRM conducts various
workforce is to pressure arising from work. HR-related surveys compiling
findings into reports including
During the current reporting year, a total of nine Hong Kong Pay Trend and Pay
research reports on the following HR topics were Level Survey and Manpower
published and the key findings of each report were Statistics in Hong Kong.
released to members and the media through press
releases: 會

Hong Kong Pay Trend and Pay Level Survey 及及
Survey on Manpower Statistics in Hong Kong
Training & Development Needs Survey The HKIHRM issues other
2016 Topical Study on Stress in the Workplace publications including Learning
Benefits Survey 2015 & Development Programme
Quick Polls on MPF Offsetting and Standard Directory 2016 and 2016 HR
Working Hours Service Providers Directory
as useful resources for HR
It has been the Institute’s key objective to continuously professionals.
improve the design and methodologies of surveys
that it undertakes to compile with relevant laws and 會 2016
regulations. In view of the Competition Ordinance 及 及 2016
which came into effect in December 2015, a thorough
review of all research processes was initiated. As 服務
a result, a number of changes were introduced to
ensure research practices are fully compliant with the
requirements of the Ordinance.

PUBLICATIONS AND E-COMMUNICATION 會

The Institute’s monthly official journal—Human 會員及
Resources and the daily e-newsletter continued to be
key communication channels to connect to members,
providing the latest updates on local and global HR
trends and developments.

Topics that were covered in the journal included 及 及 2015
security payments at the labour tribunal; protecting 會
staff from sexual harassment; meeting equal pay 及
requirements in Hong Kong through a systematic 2016
approach; using HR analytics to avoid legal disputes; 2015 員
ensuring a high success rate of work visa applications
and avoiding legal pitfalls of redeployment amongst 會
others. In addition, the HKIHRM news section in the 及
journal provides a platform through which members
can keep abreast of the latest happenings and key 12
events of the Institute.

The journal also features successful leaders in their 出版刊物與電子通訊 及
own professions who share their inspiring stories on
leadership and people management. The May 2016 會
Issue featured an interview story of Mr Jasper Tsang 會 會員
Yok-sing, GBM, JP, former President of the Legislative
Council of Hong Kong, who shared his insightful 及

10 MEMBERSHIP SERVICES

views and thoughts on leadership and key attributes 員 會
the best leaders need to possess. The December 2016 會及
Issue featured an interview story of Ms Lang Ping, 及
head coach of China’s Women’s National Volleyball 會員
team, who talked about her philosophy on leadership
and people management that led her team to attain
the gold medal at the Rio Olympics in 2016.

Throughout the year, the journal also featured 2016 5 及
veteran and experienced trainers from HKIHRM’s 會
Speaker Faculty including Mr Chester Tsang,
Co-chairperson of the HKIHRM’s Training and 2016 12 及
Development Committee and Head of Management 2016
Training & Organisation Development at MTR 會
Corporation Limited, Ms Connie Lam, member 及
of HKIHRM’s Professional Standards Committee 會
and Human Resources Director at CLP Power, and 會員
Ms Eliza Chan, member of HKIHRM’s Professional 及會 會及 員
Standards Committee and Senior Vice President of 會 員會
Human Resources at Citi Hong Kong, who passed
on their HR knowledge and insights to nurture Hong 及
Kong’s younger generations of HR practitioners. 員

To reach out to more stakeholders beyond the 員會 員
HR community, a monthly electronic newsletter
highlighting the Institute’s latest happenings and 會 及
initiatives is prepared and sent out to organisations 會
in various industries and business sectors. Social 會及
media networks such as Facebook and LinkedIn are Facebook 及 LinkedIn
extensively used to help members and the public
stay connected to the Institute any time anywhere. 會員及

會

Human Resources, HKIHRM’s official
journal is issued ten times per year in both digital
and print versions. It is a practical and informative resource
for members and HR practitioners with the latest updates on current
HR trends and practices.

會 及
及 務 會員及
員

會 員 服 務 11

1

LEARNING AND
DEVELOPMENT

學習與發展

TRAINING PROGRAMMES 培訓課程 1. With the key theme of
Transformation: People,
Whilst endorsing undergraduate and post-graduate 會 Strategy, Organisation, the
level programmes offered by Hong Kong’s universities two-day HKIHRM Annual
and educational institutions, the HKIHRM also provides 及 Conference and Exhibition 2016
practical, professional programmes for HR professionals attracts over 1,800 delegates,
in Hong Kong to strengthen their field knowledge and HR practitioners, business
help advance their profession. executives, academics and
visitors from local and overseas.
Understanding the importance of learning and training
for HR professionals for career advancement, the 2016
Institute designs a variety of training programmes
to cater for different learning and development 會 會會 會
needs of HR practitioners, in the form of certificate
programmes, seminars, consultant master classes, 會 1,800 及 員
global programmes and in-house training programmes. 及 員

In the reporting year, the Institute focused on enhancing 及 2,3.The HKIHRM invites
values for members and HR practitioners through 員 international HR experts to
developing a wide range of training and development deliver courses and training for its
programmes to suit their professional needs. In 2016, 會 會員及 globally accredited remuneration
40 new courses were launched, bringing the total 員 programmes throughout the year.
number of courses and certificate programmes on 及
offer to 176. 176 及 會

Throughout the year, 20 certificate courses were 2016 會 及
organised to offer about 110 training modules. Besides, 40
there were 14 global programmes, 43 training seminars,
as well as consultant master classes organised 會 20
throughout the year. More importantly, the HKIHRM 110
hosted three signature events, namely HKIHRM
14 43 會

及會

會
會 2016

會會 2

3

12 LEARNING AND DEVELOPMENT

Unlock Talent Potential – Competency Assessment 4
Seminar; the 2016 Annual Training Needs cum ATD
Post-Conference Sharing, as well as 2016 Pay Trend 及 2016 及 4. The HKIHRM organises a
and Benefits Seminar. The Institute also partnered 會 seminar entitled Future of Work in
with various large corporations for in-house corporate 3,000 會 March 2016. One of the speakers,
training programmes. In total, there were over 3,000 員會 及 Margaret Cheng (third from left),
participants benefiting from the wide spectrum of HKIHRM’s Vice President talks
courses and seminars offered by the Institute. 會 2011 about the skill sets and core areas
of competence needed for the
The Institute’s certificate programmes are designed future workforce.
on the basis of the Body of Knowledge under the
HR Professional Standards Model developed in 2016 3 會
2011. As a major pillar in support of HR professional 會 會會
development, the certificate programmes embody
a wide range of HR knowledge and skills required 及 及
for HR management and development functions. 及
The certificate programmes are offered in eight
categories, including HR Fundamentals, Taxation, 務 及 5. HKIHRM’s Executive Director,
Sourcing and Staffing, Employment Law, Financial 務 Kwan Kin Mei and President,
Management, Communication/Influence, Learning and David Li (third and fourth from
Development, together with Reward Management. 及 left) pose with speakers of the
They are well recognised by HR professionals for 員 2016 Annual Training Needs
qualification attainment along their career path. Seminar (from far left) - Teddy
Liu of New World Development;
IN-HOUSE TRAINING Dr Grant Donovan of Paradigm
Learning Asia Pacific; Perdeep
The Institute organised a wide array of in-house Kumar of Harvard Business School
corporate training programmes for corporate Publishing; Barry Ip from the
members in 2016, offering solutions to address their HKIHRM; Dean Ward of Thomson
specific learning and development needs. These Reuters; and Chester Tsang from
programmes were aimed at improving employee the HKIHRM.
performance, and this particular training model was
commended by the participating companies to be
highly effective.

企業內部培訓

2016 會

會員 及 會 及會
及 2016
員

Paradigm
Learning Asia Pacific Grant
Donovan

Perdeep Kumar 會
Dean Ward

及會

6. The full-day Training and
Development Needs and ATD
Post Conference Forum is well
received by event sponsors and
HR practitioners.

5 會會 員
6 及

13

TOPICAL SEMINARS 7. Lawrence Hung, HKIHRM's
Vice President, shares the
Nowadays, HR has to drive their profession by making findings of HKIHRM’s 2016 Pay
good use of data metrics. In view of this, the Institute Trend Survey at the 2016 Pay
organised a seminar on 29 April 2016 to address Trend and Benefits Seminar
this issue – Unlock Talent Potential – Competency which attracts over 120
Assessment, with the objective of encouraging HR participants.
practitioners to apply their knowledge to develop
evidence-based talent acquisition strategies. 10 2016 及
speakers shared insightful views with 80 participants 120
at the seminar. 會會
7 會 2016

As a major training initiative to address industry 主題研討會 8. Daniel Poon (left), Principal
concerns, the Institute organised the 2016 Annual Economist, Head of the Global
Training Needs cum ATD Post-Conference Sharing 會 2016 4 29 Research Team, Hong Kong Trade
on 26 August. As an annual signature event 會 會 員 Development Council and Professor
organised to share the latest trends in training and Raymond So, Dean of the School
development with Hong Kong’s HR practitioners of Continuing Education of Hong
and business executives, this seminar offered Kong Baptist University at the 2016
insights from local and international corporations Pay Trend and Benefits Seminar,
and attracted over 120 participants. join a discussion on Hong Kong’s
economic development and the
employment market facilitated by
Senna Cheung (right), Chairperson
of HKIHRM Remuneration
Committee.

會 10 80 及 會

Latest trends on pay adjustment and bonus 會 8 26 2016 2016 及
incentives constituted the main subject matter 會會 會 及
at the Institute’s Pay Trend and Benefits Seminar
that took place on 2 November 2016. Over 250 員會
HR practitioners attended the event. During the
seminar, Ms Senna Cheung, Co-chairperson of the 員及 員 9. Speakers of the 2016 Pay
Institute’s Remuneration Committee revealed the 會 Trend and Benefits Seminar
findings of the Institute’s annual topical survey — 及 及 (from left to right), Professor
Stress in the Workplace. The seminar attracted over Raymond So, Dean of Continuing
250 HR professionals and business executives. 會 Education at Hong Kong Baptist
120 University; Senna Cheung,
The Institute introduced an increasing number of Co-chairperson of HKIHRM
courses in order to highlight the key role HR plays 2016 及 11 2 Remuneration Committee; Daniel
as a strategic partner of an enterprise. Incorporated 及員 員 Poon, Principal Economist, Head
with major components of global business strategies 會 of the Global Research Team at
and legal updates, these courses focused on 250 員會 Hong Kong Trade Development
topics such as HR Business Partner organised in Council; and Vincent Fung, Senior
collaboration with Chartered Institute of Personnel 及 Principal Consultant at Mercer
and Development (CIPD) in the UK; HR Audit Course (Hong Kong) Limited pose with
and HR High Technology; Data Privacy and Security Executive Director.
Challenges; and Project and Event Management.
2016 及

會

會

員會

會 及
會 CIPD
()
及
及
及

New seminars on Communication/Personal 8
Development, Management/Supervision and
Leadership, Project Management, Team Building,
and corporate visits were organised during the
reporting year.

9

14 LEARNING AND DEVELOPMENT

SPEAKER FACULTY 10

The Speaker Faculty continued to pay tribute to over
70 HR professionals who volunteered to devote their
precious time and share their valuable experience
and knowledge in the Institute’s various sorts of
training programmes. The success of the Institute’s
“practitioners train practitioners” initiative would not
have been possible without the immense contribution
and dedication of the voluntary trainers.

In 2016, the Learning and Development Department 會 及 10. Members join a half-day
strove to strengthen trainers’ knowledge and 會 visit to the Hong Kong Marine
competence through provision of various learning 及 Department’s Training Centre
opportunities. As a token of appreciation, over 50 where they learn how the
complimentary entitlements were offered to trainers 講者名人堂 Department delivers training
to participate in the Institute’s signature events, courses leveraging technology
workshops and networking activities. 70 to ensure optimal learning
outcomes.
ANNUAL CONFERENCE 會
AND EXHIBITION 2016 會員
會
Highly recognised as a major HR event in Hong 務 務
Kong and Asia, the HKIHRM Annual Conference and
Exhibition 2016 was staged on 24 and 25 November 11. Training professionals are
2016 at the Hong Kong Convention and Exhibition invited to share their professional
Centre. The two-day event was well-attended by knowledge and expertise with
over 1,800 delegates, HR practitioners and business fellow HR practitioners under
executives from Hong Kong and overseas. the Institute’s Train-the-Trainer
programme.
With “Transformation: Strategy • People • Organisation”
as the overarching theme, the Annual Conference 會 員
invited over 40 renowned local and overseas speakers 及
from various industries and business sectors. They 2016
shared their thought-provoking ideas and insights 會 會
over the two-day event to address a wide array of 及 及
topics spanning seven learning tracks: learning and 會
development, employee engagement, HR technology 50
and analytics, recruitment and talent, compensation
and benefits, professional development, business, 2016 周年會議暨展覽會
leadership and strategy.
2016 11 24 25

會 2016 會 會 會 11

及

會

1,800 及

員及 員

The Hon Matthew Cheung Kin-chung, GBS, JP, 會

Secretary for Labour and Welfare of the Government 40

of the HKSAR, was the Guest of Honour of the 及

event. Among the different sessions, Dr Thomas

Goh, Market Leader, OrgSolutions Greater China of 會

McKinsey & Company, was the speaker of the Guru 員

Plenary. He shared valuable insights and strategies on

how HR leadership drives business transformation.

Professor Lui Tai-lok, Vice President (Research & 及

Development) & Chair Professor, Hong Kong Studies

at the Education University of Hong Kong, was this 會 及

year’s inspirational speaker. He put generational

15

12

14
13

conflicts into perspective and helped HR practitioners 會 Highlights of HKIHRM
understand the perception of the young generations Annual Conference
OrgSolutions and Exhibition 2016
to facilitate communication and collaboration within 務 2016 會

team and across teams in the workplace. C-suite 會 會
員
executives from local and international leading 12. Members of HKIHRM’s
Executive Council and Organising
corporations exchanged their views and ideas on Committee of the HKIHRM Annual
Conference and Exhibition 2016
how people management strategies and leadership
會 會 2016 會
work to drive changes and lead to business success 會 員會 員

at the CEO Plenary. Veteran HR executives joined the 13. The Hon Matthew Cheung
Kin-chung, GBS, JP, Secretary
panels of the Senior HR Forum to share their views 及 for Labour and Welfare of the
and insights into the strategic role HR plays in talent Government of the HKSAR, is the
Guest of Honour at the Conference.
management, business development and catalysing
及
change to corporate culture.
會
Other industry experts addressed an extensive 會 務
array of topics at the 19 concurrent sessions over 19 14. Business leaders at CEO
the two days on employee well-being and benefits, 員及 Plenary exchange and share
digital transformation for the HR profession, HR 及 及 insights into people management
big data analytics, strategic HR roles in creating strategies and leadership.
innovative values for companies and driving cultural
transformation, together with the latest training 及
trends among others.

16 LEARNING AND DEVELOPMENT

Concurrently with the Conference, a free exhibition 會 40 15. Professor Lui Tai-lok,
was held, with over 40 exhibitors showcasing their Vice President (Research &
latest HR products and services, along with 10 free 務 10 及服 Development) & Chair Professor,
symposium sessions spanning the two days. The 會 員 員 Hong Kong Studies at the
exhibition provided an effective platform for veteran 及 Education University of Hong
HR practitioners, researchers and consultants to 員 及 Kong, is the inspirational speaker
present to HR practitioners and members of the 員及 會 會 of the Conference. He talks about
public a wide variety of insightful HR topics including 員 generational conflicts in today’s
coaching, employee engagement, employee wellness workforce and encourages HR
and communication. To create buzz and vibrancy at practitioners to appreciate the
the exhibition hall and to enrich visitors’ experience, creativity and innovative thinking
an interactive photo booth was set up. of young employees.

及 會
會

員 員
及

16. Dr Thomas Goh, the
Conference’s guru speaker, talks
about how HR leadership drives
business transformation and leads
to corporate success.

15

16 17. Top-notch business executives
at Senior HR Forum share insights
into the strategic role HR plays
in business development and
talent management, and in driving
successful transformation of
corporate culture.

員

17 18. Over 40 exhibitors showcase
18 their latest HR services and
solutions at the exhibition.

40 會

服務及

19. A total of 19 concurrent
sessions are organised for HR
practitioners with topics ranging
from reward management, talent
management and development,
employee engagement, HR-led
social networking, digital learning
to local employment policies.

會 員 19

及員

及

20. Speakers address a wide
range of HR-related topics at the
symposium sessions during the
exhibition.

會

19 20

17

1

PROFESSIONAL
RECOGNITION

專業認可

HKIHRM HR EXCELLENCE 香港人力資源管理學會 Highlights of HR
卓越人力資源獎 2015/16 Excellence
AWARDS 2015/16 Awards 2015/16
2012
For the first time since it was launched in 2012, the HR 2015/16
Excellence Awards Programme was held biennially. 會
It demonstrated the Institute’s dedication to uplift 及 及 1. The HKIHRM HR Excellence
HR professionalism and competencies as well as Awards Ceremony 2015/2016 is
promoting best people management practices. 務 attended by over 200 guests and
HR practitioners who celebrate
The HKIHRM HR Excellence Awards 2015/16 programme 2016 9 20 the joyful moment with the
was concluded successfully with the Awards Ceremony 200 2015/16 award winners, panel judges
held on 20 September 2016. Over 200 attendees and members of the organising
including distinguished guests, award winners, HR committee.
professionals, government officials and senior business
executives gathered to witness the announcement of 200 及員
the results and congratulate the winning organisations 2015/16
and individuals. The judging criteria were based on the 員及 員
Institute’s HR Professional Standards Model. 員

及 員會

會 2. Godfrey Leung King-
kwok, JP, Under Secretary
11 for Commerce and Economic
及 15 Development of the Government
of the HKSAR, is the Guest
of Honour at the HKIHRM HR
Excellence Awards Ceremony
2015/16.

務及

2015/16

3. David Li, HKIHRM’s President,
delivers welcome remarks at the
ceremony.

會

2 3 4. Margaret Cheng, Chairperson
4 of the HKIHRM HR Excellence
18 PROFESSIONAL RECOGNITION Awards 2015/16 Organising
Committee and HKIHRM’s Vice
President, congratulates the
winners and thanks the panel
judges in her closing remarks.

會會 員會
員

5 5. The HKIHRM HR Excellence
Awards 2015/16 panel judges
6 7 (from left to right) Ritchie Bent,
“Excellent HR Leader Awardee
員 2014”; Godfrey Leung King-kwok,
JP, Under Secretary for Commerce
& Economic Development of
the Government of the HKSAR;
Margaret Cheng, HKIHRM’s Vice
President and Chairperson of the
HR Excellence Awards 2015/16
Organising Committee; David
Li, HKIHRM’s President; and Dr
Roy Chung, BBS, JP, Co-Founder
and Non-Executive Director,
Techtronic Industries Company
Limited.

2015/16

員
2014

務及

會會
2015/16

11 winning organisations and individuals were 務及 員會 會會
selected by a well-presented panel of judges led by 會會 及
Mr Godfrey Leung King-kwok, JP, Under Secretary
for Commerce and Economic Development of the 2014 6. Hong Kong Police Force
Government of the HKSAR, to receive a total of 15 及 會會 garners the Grand Award, the
awards. Other members of the judging panel included Excellent Employee Wellness
Mr David Li, President of the HKIHRM; Dr Roy Chung, 2015/16 員會 Award, the Excellent Resourcing
BBS, JP, Co-founder and Non-Executive Director of Award, as well as the Excellent
Techtronic Industries Company Limited; Professor 員會 員 Technology Innovation Award, out
Chan Ka-lok, Dean of Business School of The Chinese of a total of 15 awards.
University of Hong Kong; Mr Ritchie Bent, “Excellent
HR Leader Awardee 2014”; Ms Margaret Cheng, Vice 15 務
President of the HKIHRM and Human Resources 員
Director of MTR Corporation Limited.
及及
Success of the awards programme was also attributed 及
to the dedication of members of the HR Excellence 7. Members of the HKIHRM
Awards 2015/16 Organising Committee chaired by HR Excellence Awards 2015/16
Ms Margaret Cheng, Mr David Li, Ms Nancy Chan, Mr Organising Committee.
Barry Ip, Ms Daisy Lee, Mr Dave Li, Mr Francis Mok,
Mr Felix Siu, Ms Ada To, Mr Johnny Wan, Mr Francis 2015/16
Wong and Ms Tafline Yew.
員會 員

8. Lauded as the HR Oscars
in Hong Kong, the HKIHRM HR
Excellence Awards programme
aims to recognise outstanding
organisations and HR
professionals for their remarkable
people management strategies
and practices that contribute to
organisational success.

8

19

ORGANISATIONAL CATEGORY
企業類別

WINNER LIST Award Awardee Project Name
得獎名單 獎項 得獎者 計劃名稱
Cordis, Hong Kong From Portal to Alibi
Excellent Business
Partner Award The Langham Hong Transforming Vision
Kong into Reality
務

Excellent Change
Management Award

Excellent Employee Hong Kong Police A Psychological and
Wellness Award Force Physical Wellness
Programme for
員 務 Police Officer
before, during and
GRAND AWARD OF THE YEAR after the Occupy
年度大獎 Movement

Awardee Project Name Excellent Learning & New World 務
得獎者 計劃名稱 Development Award Development 員
Company Limited
Excellent Resourcing Award — The Strategic Recruitment 及 New World’s Digital
Hong Kong Police Force Initiatives of Transformation
Hong Kong Police Force Excellent Hong Kong Police
及 Resourcing Award Force The Strategic
務 務 Recruitment
及 務 Initiatives of Hong
Kong Police Force

務

*Grand Award of the Year: Winner was chosen from the awardees under the Excellent Reward Conrad Hong Kong The Libra of
“Organisational Category”, and selection was subjected to the discretion of the Management Award Rewards
judging panel

:

Excellent Talent Hospital Authority Hospital Authority
Management Award Executive Leadership
Programme (HAELP)
Excellent Hong Kong Police
Technology Force 員
Innovation
Award 務 Use of “Personnel
Information
Communal System II”
(“PICS II”) In Talent
and HR Management

及

20 PROFESSIONAL RECOGNITION

HR SERVICE PROVIDER CATEGORY ELITE WINNER —
人力資源服務機構類別 ORGANISATIONAL CATEGORY
優秀大獎 — 企業類別

Award Awardee Project Name Award Awardee Project Name
獎項 得獎者 計劃名稱 獎項 得獎者 計劃名稱
Elite Business DBS Bank (Hong
Excellent Employee Four Dimensions Employee Assistance Partner Award Kong) Limited HR Partnership
Wellness Consulting Limited Programme — Project — Enhancing
Provider Award Positive Organisation 務 () the Efficiency of
Project DBS Customer
員 服務 Elite Employee Hong Kong Centre
員 服務 Wellness Award Broadband Network
Limited —
員 服
務

LIFE-Work Priority

SME CATEGORY
中小型企業類別

Award Awardee Project Name ELITE WINNER —
獎項 得獎者 計劃名稱 SME CATEGORY
優秀大獎 — 中小型企業類別
Excellent SME OKIAN Optical Co., Better Vision ·
Award Ltd Better Life

Award Awardee Project Name
獎項 得獎者 計劃名稱

Elite SME Award Hongkong Storage HKS Caring Group

INDIVIDUAL CATEGORY
個人類別

Award Awardee Comapny Name
獎項 得獎者 公司名稱

Excellent HR Charles Ho Long MTR Corporation
Professional chau Limited
員

21

1

PROFESSIONAL
STANDARDS

專業標準

PROFESSIONAL STANDARDS 專業標準 1,2,3. Senior HKIHRM members
are invited to offer invaluable
Throughout 2016, the Institute continued to forge 會
ahead with its commission to raise professional inputs based on their daily
standards for the HRM profession, especially in its 會
key role as Professional Writer in compiling the 員 practices.
Specification of Competency Standards for the HRM
sector (HRM SCS). This is a cross-industry, cross- 會 2015 會 會員
discipline HRM initiative, under the stewardship of the 2016 務
Cross-Industry Training Advisory Committee (CITAC)
for the HRM sector. The writing of the HRM SCS 員
aims to establish professional benchmarks for HR
practitioners at all levels to pursue life-long learning 及
while attaining locally accredited and quality-assured 員
qualifications in this sector.
2016
Phases II, III and IV of the production of the HRM 員及
SCS were run throughout 2016. An expanded HRM
functional matrix was completed in early 2016 with 會
views and suggestions gathered from senior HR
practitioners and professionals in the second phase
of the compilation at the end of 2015. With the
functional matrix successfully established as the
framework of the HRM SCS, the Institute devoted
itself to drafting specifications for all HR tasks linked
to each Unit of Competency in the seven HRM
functional areas across the seven-level Qualifications
Framework which entail:

員

22 PROFESSIONAL STANDARDS

Organisation Development and HR Strategy 2
Workforce Planning and Resourcing
Reward Management
Talent Management
HR Policies and Processes
Compliance and Risk Management
Employee Engagement

Close to 100 senior HKIHRM members from various 100 及
industries, business sectors, and professional 會 會員
backgrounds contributed their expertise and industry 務
insights in the drafting process of the HRM SCS. They 及 務
shared details of their work in terms of specific HR
function, knowledge and competencies required to 會員 及 務
perform each task competently with demonstrable
outcomes. The culminated experience and
knowledge these members have from handling and
resolving real-life HR issues on a daily basis are highly
representative for the industry, helping to perfect the
HRM SCS.

Over the course of four months, rounds of interviews 會 會員及 員
and focus group consultations were carried out with 務 務
members and senior HR practitioners in Phase III
to identify the cognitive abilities and behavioural 會
requirements for the competency expected to 及
perform each HR task at a specific level. Drafting
of the initial HRM SCS document detailing Units of
Competency was the major deliverable in Phase
IV of the project, and it involved additional rounds
of consultation with local and overseas HR heads
and business leaders to complete the HRM SCS
document.

Beginning 2017, an HRM SCS document consisting 及 200
of more than 200 Units of Competency across seven 2017
HRM functional areas that map out the specifications 及
of applications, levels, credits, and assessment 及
criteria in terms of HR knowledge, competency and
performance outcomes for the HRM profession 員會
was endorsed by the Drafting Sub-committee,
and subsequently CITAC. This is to be followed by 2017
industry-wide consultations, which will commence in
the second quarter of 2017. 3

This first ever industry-wide endeavour of writing
and compiling the HRM SCS has strengthened the
Institute’s professional status as it assumes a project
leadership role, supported by a significant number

23

of senior members. With the HRM SCS becoming 員 及
an excellent guideline for all industries and sectors 會 會員
to develop or enhance their own industry-specific
HRM standards, this will clearly define a progression 會
pathway, motivate HR practitioners to pursue life- 員
long learning through a wider choice of SCS-based
programmes to be offered by training providers.

PROFESSIONAL ASSESSMENT 員
員
The Institute organised two Associate Member
Assessments in July and December 2016 respectively 專業考試 會
for individuals who were relatively new to the HR
industry. By passing the examination, HR practitioners 2016 7 及 12
will obtain professional membership granted and
recognised by the Institute. Furthermore, eight 會員
professional assessments were held, which covered
HR management and development areas including 員 會
employment law and employee engagement, reward 及
management, sourcing and staffing, train-the-trainer 及 會員 會
and learning management. By end of 2016, a total
of 100 candidates participated in the Institute’s 及
professional assessments and the overall passing rate
was satisfactory. 及員

及 及
2016 100

會及

Types of Professional Assessment 專業考試類別 Total No. of Candidates Passing Rate
考生總人數 及格率
Associate Member Assessment 會員 1 100%
Employment Law and Employee Engagement 及員 31 96.8%
Reward Management 15 100%
Sourcing and Staffing 及 10 90%
Learning and Development - Learning Management - 9 89%
Learning and Development - Train-the-Trainer - 34 100%
Total
總數 100

PROGRAMME ENDORSEMENT 課程認可 2016

The Institute continues to work collaboratively with 會 會
local tertiary institutions and support them in offering 3
quality HR programmes. In 2016, 23 higher education 23
programmes were under full or partial endorsement
by the Institute. Please see Appendix 3 for a full list of
programmes endorsed.

24 PROFESSIONAL STANDARDS

1

ADVOCACY AND
COMMUNICATION

倡導與溝通

As a leading professional body in human resource 會 1. Lawrence Hung, HKIHRM’s
management in Hong Kong, the HKIHRM has continued Vice President, reveals the
to leverage advocacy initiatives and communication 及 會員 findings of 2016 Pay Trend
platforms to ensure its members’ voices on influential 及 Survey at a press conference in
labour and employment-related issues are heard by
the Government, the HR community and the public. 及 November 2016.

ADVOCATING FOR THE PROFESSION 2016 11 會會
會 2016
Mandatory Provident Fund (MPF) offsetting for
severance and long-service payments has been an 業界政策倡導 2. Chester Tsang (left) and
issue of great concern to the Government, employers Barry Ip, Co-chairpersons of
and employees, and has created heated discussions in 服務 the HKIHRM Learning and
society. The Institute conducted a survey in January Development Committee, share
and February 2016 to solicit members’ views on the 及員 會 2016 1 2 the results of 2015 Training and
issue. Results showed that 65% of members agreed 會 Development Needs Survey at a
on the principle that MPF offsetting should eventually media briefing in August 2016.
be abolished. The issue of standard working hours 會員
also aroused much debate and discussion. In May, 65% 會員 2016 8 會及 員
at the invitation of the Minimum Wage Commission,
the Institute submitted views on the review of 2016 5 會及
the minimum wage, indicating that Hong Kong's 會 2015
economic outlook, the labour supply of individual
industries, and the affordability of SMEs should be 及 會
taken into full consideration in the review process.
3. David Li, HKIHRM’s President,
receives the 2016 Best SME’s
Partner Award — Gold Award
presented by the Hong Kong
General Chamber of Small and
Medium Business. This is the third
year in a row the Institute has
received this honour to recognise
its effort to help enhance SMEs’ HR
knowledge and competency.

會會 2016
會

2 會

及

On the issue of standard working hours legislation,
the Institute held rounds of consultations and
discussions with the internal committee in charge
of employment-related issues and conducted a
members’ survey in June 2016 on this topic. Members’

3

25

5 4. HKIHRM’s President, David Li
4 (left), joins a panel discussion at
the MPF Offsetting Forum in June
organised by Hong Kong Baptist
University where he exchanges
his views with other speakers and
suggests measures to enhance
employee retirement protection.

會會 6
會

及員

views were compiled and submitted to the Standard 員會 5. Julita Leung (second from
Working Hours Committee in September. These left), Chairperson of HKIHRM
backed the Institute’s stance which clearly stated 及 Employment-related Hong Kong
support of the implementation of the “big frame” Legislation and Issues Committee
approach that requires employers and employees receives a souvenir from Hong
to enter a contract detailing working hours and Kong Baptist University on behalf
overtime work compensation calculations. The of the HKIHRM as a supporting
President, Mr David Li, and Vice President, Ms Alice organisation of the MPF
Wong, represented the Institute to attend a public Offsetting Forum.
consultation session organised for Hong Kong’s
professional bodies and organisations in July where 會會
views and concerns of members on standard working
hours legislation were shared with Dr Leong Che- 及 務 員會
hung, Chairperson of the Standard Working Hours
Committee. 會

員會 會 2016 6. Lawrence Hung (left),
6 會員 及 會 HKIHRM’s Vice President,
is invited by the Hong Kong
9 Japanese Chamber of Commerce
and Industry to speak to its
員會 會員 70 members on the topic
“Opportunities and Challenges
及員 及 for Your Business from Human
會 Capital Perspective”.

及會 會 會員 會會 70
會 7 會

會 會員

員會 及
員會
7. Barry Ip, HKIHRM’s
POLICY ADDRESS 《施政報告》 Executive Council Member and
Co-chairperson of HKIHRM's
At the Financial Secretary’s invitation, Vice President, 2016 12 會會 會員 Learning and Development
Ms Alice Wong, represented the Institute to attend 及 2017 Committee, is invited by
a consultation session in December 2016 for the 及 The Hong Kong Polytechnic
2017 Policy Address and the Budget to reflect the 及 會會 會 University (PolyU) as the keynote
main concerns of members towards Hong Kong’s speaker of the “Excellent
manpower and employment-related issues. A formal Teachers on Teaching
written submission was subsequently sent to the Excellence 2016 Symposium”.
Office of the Financial Secretary, recommending that
the Government should take bold effort to upskill the 會 會員 及 員
current workforce by formulating appropriate and
conducive policies. At the same time, the Government 會
should devise policies to unleash Hong Kong’s
potential human capital to meet market needs. 2016 會

MEDIA RELATIONS 7

As an authoritative organisation in human resource
management and employment policies, the Institute
is often approached by local and overseas media
to offer professional views and expertise on a wide
range of labour and employment-related issues.

6

26 ADVOCACY AND COMMUNICATION

10
8

媒體關係 及 8. Virginia Choi, HKIHRM’s
及 Executive Council member, talks
會 及 about the key role of HR
in recruitment, training and
people development at the
Classified Post Career Forum in
October 2016.

9 2016 10 會 會員

會 Classified Post

會會 8 及
及
11 9. Executive Director, Kwan
及 會 Kin Mei, is invited as the
Guest of Honour of Business
Maintaining close relationships with the media 及 會 Administration Appreciation
constitutes an important part of the Institute’s 會員及 Night for Industrial Attachment
advocacy effort. Throughout the reporting year, the 會 2016 Employers 2015-16 organised
Institute hosted a series of media briefing sessions 伙伴合作 19 by the Hong Kong Institute of
for the announcement of Training and Development Vocational Education (IVE) and
Needs Survey findings in August, and Pay Trend and 及 會 shares with 300 guests the future
Benefits Survey findings in November. Through press 會 trends and challenges for the HR
releases and posts on the Institute’s social networks, profession.
the media, members and the public could receive the
latest updates on HKIHRM’s activities, programmes, 300 IVE
and research findings. 2015-16

及

PARTNERSHIPS AND COLLABORATION 員會 及 務 10. David Li (left), HKIHRM’s
會 會 會 President, attends the award
The Institute continued to forge close collaboration presentation ceremony of Good
with various stakeholders including government 會 及 MPF Employer Award 2015-
departments, statutory organisations, professional 會 16 organised by the Mandatory
organisations and commercial entities through Provident Fund Schemes
participation in and support of their programmes 務 Authority, of which the Institute is
and initiatives during the reporting year. In 2016, the a supporting organisation.
Institute supported or participated in 19 programmes 會
organised by the following organisations including 務 會 會會
HSBC; Business Environment Council; Mandatory 務會
Provident Fund Schemes Authority; The Department 2015-16
of Health; UNICEF Hong Kong; Hospital Authority; 會
Home Affairs Bureau; Hong Kong Baptist University’s
Centre for Human Resource Strategy and 會會
Development; The Hong Kong General Chamber 服務
of Small and Medium Business; The Hong Kong
Institute of Bankers; The Investor Education Centre; 及
The Hong Kong Retirement Schemes Association; 會
Working Family and Student Financial Assistance
Agency; Hong Kong Mental Health Council; The
Taxation Institute of Hong Kong; Trade and Industry

27

Department; The Hong Kong Police Force, The Hong 11
Kong Applied Science and Technology Research
Institute; and Hong Kong Science & Technology
Parks Corporation among others.

Understanding the synergy created through
partnerships and collaboration between the HR
profession and organisations in academic and
other professional services fields, some incumbent
members of the Executive Council made the effort
and devoted their time to represent the Institute to
speak at public forums and seminars throughout the
year to promote the professional role of the Institute
and share their expertise in HR management.

Being recognised for its continuous effort to enhance 會 會 11. HKIHRM’s Executive Council
HR knowledge and capabilities of small and medium- 2016 及 members represent the Institute
sized enterprises (SMEs), the Institute received the to receive media interviews where
2016 Best SME’s Partner Award—Gold Award from 會 they provide professional views
the Hong Kong General Chamber of Small and on a wide range of current labour
Medium Business. It was the third consecutive year 會 and employment issues.
that the Institute was presented with this award. 會
The Institute will continue to work closely with Hong 會員 會
Kong’s SME community through a diverse range of 及
tailored initiatives.

REPRESENTATION ON EXTERNAL 參與外界委員會工作 會 12. HKIHRM’s research and
會 survey findings on HR issues
COMMITTEES 會 are extensively reported in the
會員 員會 media.
With HKIHRM’s professional status widely recognised 員會
in Hong Kong, some incumbent Executive Council 會及
members were invited to serve on various statutory 及
committees and advisory bodies on behalf of the
Institute to offer professional views on topical 會
issues from the HR perspective. The Institute was 4
grateful for the contribution of their precious time
and expertise in helping strengthen Hong Kong’s
human capital assets. A complete listing of HKIHRM’s
representatives serving at external committees is
provided in Appendix 4.

12

28 ADVOCACY AND COMMUNICATION

1

CHINA AND
INTERNATIONAL

CONNECTIONS

內地及國際聯繫

Leveraging its networks in Mainland China and the 會 及 及 1. Executive Director, Kwan Kin
neighbouring regions, the Institute continued to build 會 Mei, represents the Institute to
and strengthen its ties with the HR communities, 及 attend an academic forum in Taipei
professional organisations and government bureaus 及 sharing in the panel discussion
through meetings, visits, exchanges of views and her views on future trends in the
participation in events. 「創新升級．香港博覽」 workplace and attributes future HR
practitioners should possess.
SMARTHK EXPO 2016 5 12 13
會
Partnering with the Hong Kong Trade Development
Council, the Institute continued to co-host the HR 及
Forum as an important component of SmartHK Expo 員
held in Chengdu, China on 12 and 13 May 2016. Three
veteran HR professionals shared their insights into 會 會 員
succession planning and management of a new 及
generation of workforce. The event attracted over 及
500 local business and HR leaders. 500

8TH TWO-SHORE FOUR-PLACE 第 八 屆「 兩 岸 四 地 勞 動 關 係 論 壇 」

EMPLOYEE RELATION FORUM 2016
11 及
The 8th Two-Shore Four-Place Employee Relation
Forum was held in Beijing in November 2016, with 及員
the aim to provide an excellent platform for business 會
leaders and HR practitioners from China, Hong Kong, 會
Taiwan and Macau to exchange views, share the latest
information and address the challenges of the said 會
labour markets. At the Forum, the President of the 會及
HKIHRM, Mr David Li, shared on the topic of “Flexible
Employment and the Protection of Workers’ Rights”. 員會
Another representative of the Institute, Mr Alan Tin,
Co-chairperson of China and International HRM
Committee of the Institute, made a presentation on

及 29

2

the topic “The Future of Labour and Employment
Relations in Asia and China”, highlighting employment
relations in the region.

SEMINAR ON LABOUR & 3 2. Linda Ho, a member
of HKIHRM’s China and
EMPLOYMENT RELATIONS IN TAIPEI 「2016 年勞動與就業關係 International HRM Committee
and David Li, HKIHRM’s
Into its fifth year, the seminar on Labour & Employment 學術研討會」 President talk to over 80
Relations in Taipei was co-organised by the HKIHRM Hong Kong university students
and the Chung Hua Labour and Employment 2016 studying in Shanghai at a career
Relations Association in Taipei on 2 December 2016. development session organised
The Institute’s Executive Director, Ms Kwan Kin Mei by Hong Kong Economic and
shared in a panel discussion on the future trends in Trade Office in Shanghai of the
the workplace and the attributes and capabilities of Government of the HKSAR.
future HR practitioners.
會 會及
SEMINAR FOR HONG KONG STUDENTS
會及 會 12 員會 員 及會
IN SHANGHAI 2 會 及
會
The Institute was invited by Hong Kong Economic 會會 80
and Trade Office in Shanghai of the Government of
the HKSAR to share employment market trends and 員及 3. Bob Xie, HKIHRM’s Fellow
interview tips with 80 Hong Kong students studying Member represents the Institute
in Shanghai, Jiangsu and Zhejiang provinces on 19 留滬港生職業發展研討會
March 2016 at a seminar in Shanghai. Ms Linda Ho, to be the host of the HR Forum of
a member of the Institute’s China and International
HRM Committee shared market trends and SmartHK Expo in Chengdu, China.
interviewing tips with the students at the seminar. Mr
David Li, the HKIHRM's President, was also present at 2016 3 19 會 會 會員 會
the event and met with the students.
及 會 80 4. HKIHRM’s President, David
員會 員 及 Li, attends the APFHRM Board
Meeting held in Bangkok, where
會會 he updates the board members
on Hong Kong’s latest labour
and employment issues and the
Institute’s new development and
flagship programmes.

會會 員會會
員 及

會及

4 5. David Li (centre), HKIHRM's
President, and Alan Tin (fourth
from left), Co-chairperson of
HKIHRM's China and International
HRM Committee speak at the 8th
Two-Shore Four-Place Employee
Relation Forum on the topics of
"Flexible Employment and the
Protection of Workers’ Rights", as
well as "The Future of Labour and
Employment Relations in Asia and
China" respectively.

會會 及 及
員會

及

5

30 CHINA AND INTERNATIONAL CONNECTIONS

On the International front, the Institute has established 6 6. Karen Blab, Regional
more significant overseas partnerships, which Director - Asia Pacific (third
empower it to achieve further success. from left) and Laura Harrison,
Director of People & Strategy
PROFESSIONAL MEMBERSHIP 會 (centre) from the UK-based
Chartered Institute Personnel
RECIPROCAL RECOGNITION and Development (CIPD),
meet with HKIHRM’s Executive
In August 2016, the Institute entered into a reciprocity Council members and Executive
professional membership recognition arrangement Director to strengthen strategic
between the HKIHRM’s Professional Members collaboration and partnership in
M.I.H.R.M. (HK) designation and the Canada-based research and training between
Human Resources Management Association’s Certified the two professional HR bodies.
Human Resource Professional (CHRP) designation
established by the two professional bodies. 專業會籍相互認可機制 及 會 CIPD
Harrison Karen Blab
APFHRM MEETINGS
Laura
As a member of the Asia Pacific Federation of Human
Resource Management (APFHRM), the Institute 會會
actively took part in its activities, including the
Council meetings held in Bangladesh in March 2016 2016 8 會 員及 會
and another one held in Bangkok in October 2016
respectively, during which the President updated 會 會員
fellow HR professional bodies from other regions M.I.H.R.M. HK 及
on the latest employment issues of Hong Kong and 7. Dave Li (left), HKIHRM’s
the Institute’s latest initiatives, such as the HKIHRM CHRP Honorary Treasurer hosts a
HR Excellence Awards 2015/16, the HKIHRM Annual sharing session for HR-major
Conference and Exhibition 2016, as well as the 亞太人力資源管理聯盟會議 students from Singapore
HKIHRM’s collaboration with Education Bureau and Polytechnic in September
Qualifications Framework Secretariat in setting up the 員會 2016, where he introduces
qualifications framework and professional standards 2016 3 及 the many aspects of the
for Hong Kong’s HRM sector. 10 及 員會會 Institute’s work and discusses
the imminent challenges that
REACHING OUT TO OVERSEAS HR 會 會會 drive transformation in the HR
profession.
COMMUNITIES
及會 2016 9 會
To further strengthen the Institute’s professional
standing, foster professional collaboration and 2015/16 會 會
explore opportunities of co-operation beyond 2016 會 會 及會 會
Hong Kong, HKIHRM’s representatives continued
to contribute to the Institute’s outreaching effort 及
throughout the reporting year. These included
attending the 35th Annual National Conference and 聯繫海外人力資源業界
Exhibition at Mumbai in September 2016, meeting
with top management of Chartered Institute of 會
Personnel and Development (CIPD) from the UK in 及 會會
April 2016 to discuss strategic focuses, and explore
opportunities for future collaboration on research and 2016 9
joint learning programmes, and receiving a delegation
of 26 HR-major students from Singapore Polytechnic 35 會及 2016 4
in September 2016. 會
及 2016 會 CIPD

及 26
9

7

31

REPORT OF
THE EXECUTIVE COUNCIL

理事會報告書

The Executive Council presents herewith their annual report together with the 會 務
financial statements of the Institute for the year ended 31 December 2016. 會
及
PRINCIPAL ACTIVITIES 主要業務 及 員
及 及
The principal activity of the Institute is to maintain, develop and enhance 會 會員
professional standards in human resource management, covering quality, 及務
ethics and practices, and to increase the influence of human resource
professionals, for the benefit of individuals and organisations in Hong Kong.

RESULTS 業績 37

The results of the Institute for the year ended 31 December 2016 are set out 會
in the income statement on page 37. 務

PERMITTED INDEMNITY PROVISION 獲准許之彌償條文 會

Pursuant to the Institute’s articles of association, every Executive Council 會
Members of the Institute is entitled to be indemnified out of the assets of the 務
Institute against all losses or liabilities which he may sustain or incur in or about
the execution of the duties of his office or otherwise in relation thereto. 會

EXECUTIVE COUNCIL MEMBERS 理事會成員 :

The members of the Executive Council during the year and up to the date of 會員
this report were:
會
Mr. Li Chi Ming President Retired and re-elected 會
Mr. Mok Gar Lon, Francis on 29 June 2016
Immediate Past 會
Ms. Cheng Wai Ching, Margaret President Retired on 29 June 2016 會
Mr. Hung Yu Yun, Lawrence Retired on 29 June 2016
Vice President 會
Elected on 29 June 2016
Vice President Elected on 29 June 2016
Elected on 29 June 2016
Ms. Wong Nga Lai, Alice Vice President
Mr. Li Tin Kei, Dave Hon. Treasurer
Mr. Wong Wai Wah, Francis
Mr. Chiu Ki Kwan
Ms. Choi Wai Kam, Virginia
Mr. Lai Kam Tong
Mr. Ma Chi Keung
Mr. Tsang Wing Cheong, Chester
Mr. Chak Shui Hang
Mr. Ip Wah Shun Barry
Mr. Leung Ka Chung, Peter
Ms. Man Sok Wai, Janet

32 REPORT OF THE EXECUTIVE COUNCIL

MANAGEMENT CONTRACTS 管理合約 務 務
會
No contracts concerning the management and administration of the whole 會 會
or any substantial part of the business of the Institute were entered into or 及務 會:
existed during the year.

AUDITORS 核數師 會

A resolution will be submitted to the annual general meeting to re-appoint 會
Messrs. Fung & Chan as auditor of the Institute.

Approved by Executive Council Members and signed on its behalf by: 會會

Li Chi Ming 會
President
Hong Kong, 28 April 2017

會 33

INDEPENDENT
AUDITOR’S REPORT

獨立核數師報告

TO THE MEMBERS OF HONG KONG INSTITUTE OF 致香港人力資源管理學會有限公司會員

HUMAN RESOURCE MANAGEMENT LIMITED

(incorporated in Hong Kong, limited by guarantee and not having a share capital)

OPINION 意見 務 會 37
We have audited the financial statements of Hong Kong Institute of Human 務 務 會
Resource Management Limited (“the Institute”) set out on pages 37 to 44, 44
which comprise the statement of financial position as at 31 December 2016, 會務
the income statement and statement of cash flows for the year then ended,
and notes to the financial statements, including a summary of significant 務
accounting policies. 及

In our opinion, the financial statements of the Institute are prepared, in all 會 務
material respects, in accordance with the Hong Kong Small and Medium- 會
Sized Entity Financial Reporting Standard (“SME-FRS”) issued by the Hong
Kong Institute of Certified Public Accountants (“HKICPA”) and have been
properly prepared in compliance with the Hong Kong Companies Ordinance.

BASIS FOR OPINION 意見的基礎 會 會
We conducted our audit in accordance with Hong Kong Standards on 務 務 900
Auditing (“HKSAs”) and with reference to PN 900 (Revised) Audit of
Financial Statements Prepared in Accordance with the Small and Medium- 務
sized Entity Financial Reporting Standard issued by the HKICPA. Our
responsibilities under those standards are further described in the Auditor’s 務 會
Responsibilities for the Audit of the Financial Statements section of our 會會 會
report. We are independent of the Institute in accordance with the HKICPA’s
Code of Ethics for Professional Accountants (“the Code”), and we have 及
fulfilled our other responsibilities in accordance with the Code. We believe
that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our opinion.

INFORMATION OTHER THAN THE FINANCIAL STATEMENTS 財務報表及其核數師報告以外的信息 及
AND AUDITOR’S REPORT THEREON 會員
The Executive Council Members are responsible for the other information. 務
The other information comprises the information included in the annual
report, but does not include the financial statements and our auditor’s report 務
thereon.
務
Our opinion on the financial statements does not cover the other information
and we do not express any form of assurance conclusion thereon.

34 INDEPENDENT AUDITOR’S REPORT

In connection with our audit of the financial statements, our responsibility is 務
to read the other information and, in doing so, consider whether the other
information is materially inconsistent with the financial statements or our
knowledge obtained in the audit or otherwise appears to be materially
misstated. If, based on the work we have performed on the other information
obtained prior to the date of this auditor's report, we conclude that there is
a material misstatement of this other information, we are required to report
that fact. We have nothing to report in this regard.

RESPONSIBILITIES OF EXECUTIVE COUNCIL MEMBERS AND THOSE 理事會成員及治理層就財務報表須承擔的責任

CHARGED WITH GOVERNANCE FOR THE FINANCIAL STATEMENTS 會員 會會
The Executive Council Members are responsible for the preparation of the
financial statements in accordance with the SME-FRS issued by the HKICPA 務及
and the Hong Kong Companies Ordinance, and for such internal control
as the Executive Council Members determine is necessary to enable the 務
preparation of financial statements that are free from material misstatement,
whether due to fraud or error. 務

務 會員 會

In preparing the financial statements, the Executive Council Members 及 會 會
are responsible for assessing the Institute’s ability to continue as a going 會
concern, disclosing, as applicable, matters related to going concern and 員
using the going concern basis of accounting unless the Executive Council
Members either intend to liquidate the Institute or to cease operations, or 會務
have no realistic alternative but to do so.

Those charged with governance are responsible for overseeing the Institute’s
financial reporting process.

AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF 核數師就審計財務報表承擔的責任
務
THE FINANCIAL STATEMENTS
Our objectives are to obtain reasonable assurance about whether the 405 員
financial statements as a whole are free from material misstatement, whether 會
due to fraud or error, and to issue an auditor’s report that includes our
opinion and to report our opinion solely to you, as a body, in accordance 務務
with section 405 of the Hong Kong Companies Ordinance, and for no other
purpose. We do not assume responsibility towards or accept liability to
any other person for the contents of this report. Reasonable assurance is a
high level of assurance, but is not a guarantee that an audit conducted in
accordance with HKSAs will always detect a material misstatement when
it exists. Misstatements can arise from fraud or error and are considered

35

material if, individually or in the aggregate, they could reasonably be 及 務
expected to influence the economic decisions of users taken on the basis of 及 及
these financial statements.
會員 會 及
As part of an audit in accordance with HKSAs, we exercise professional 會 會
judgment and maintain professional skepticism throughout the audit. We also:
會員 會
Identify and assess the risks of material misstatement of the financial
statements, whether due to fraud or error, design and perform audit 會
procedures responsive to those risks, and obtain audit evidence that 務
is sufficient and appropriate to provide a basis for our opinion. The
risk of not detecting a material misstatement resulting from fraud is 會
higher than for one resulting from error, as fraud may involve collusion,
forgery, intentional omissions, misrepresentations, or the override of
internal control.
Obtain an understanding of internal control relevant to the audit in order
to design audit procedures that are appropriate in the circumstances, but
not for the purpose of expressing an opinion on the effectiveness of the
Institute’s internal control.
Evaluate the appropriateness of accounting policies used and the
reasonableness of accounting estimates and related disclosures made by
the Executive Council Members.
Conclude on the appropriateness of the Executive Council Members’
use of the going concern basis of accounting and, based on the audit
evidence obtained, whether a material uncertainty exists related to events
or conditions that may cast significant doubt on the Institute’s ability to
continue as a going concern. If we conclude that a material uncertainty
exists, we are required to draw attention in our auditor’s report to the
related disclosures in the financial statements or, if such disclosures are
inadequate, to modify our opinion. Our conclusions are based on the
audit evidence obtained up to the date of our auditor’s report. However,
future events or conditions may cause the Institute to cease to continue
as a going concern.

We communicate with those charged with governance regarding, among
other matters, the planned scope and timing of the audit and significant
audit findings, including any significant deficiencies in internal control that
we identify during our audit.

Fung & Chan 會
Certified Public Accountants
會
Room 2001-4, China Insurance Group Building
141 Des Voeux Road, Central, Hong Kong 141
2001-4
36 INDEPENDENT AUDITOR’S REPORT

INCOME STATEMENT 收益表

FOR THE YEAR ENDED 31 DECEMBER 2016 Note
3
Revenue /( ) 4 2016 2015
Direct cost 本年度盈餘 HK$ HK$
Gross profit 5 19,569,832 21,569,590
Other revenue/(losses) (6,543,394) (7,104,332)
Administrative expenses 6 13,026,438 14,465,258
Surplus before taxation 8 212,778 (192,832)
Taxation (12,644,172) (13,075,205)
Surplus for the year 595,044 1,197,221
(88,000) (142,000)
507,044 1,055,221

The annexed notes form an integral part of these financial statements. 務

37

STATEMENT OF FINANCIAL POSITION 財務狀況表

AT 31 DECEMBER 2016 Note
9
Non-current assets 非流動資產 2016 2015
Furniture and equipment 及 13 HK$ HK$

Current assets 流動資產 10 227,199 418,496
Trade debtors
11 121,759 342,669
Interest receivable 會 25,167 11,226

Prepayments 務 174,480 398,415
564,666 558,991
Rental, utility and other deposits 及 ) 6,113,375 5,512,831
Cash and bank balances 及 ) 16,442,983 16,350,181
Bank fixed deposits (non-pledged) 200,000 200,000
(
71,835 37,898
Bank fixed deposits (pledged) ( 23,714,265 23,412,211
23,941,464 23,830,707
Taxation
21,626,565 21,119,521
Total assets 總資產
87,545 361,400
General fund 基金
1,225,499 1,252,938
Current liabilities 流動負債 869,632 953,576
132,223 143,272
Functions and publications income 及
received in advance 2,314,899 2,711,186
23,941,464 23,830,707
Subscriptions received in advance 會
Accrued expenses

Provision

Total general fund and liabilities 基金及負債總計

Approved and authorised for issue by Executive Council on 28 April 2017 及
and signed on its behalf by: :

Li Chi Ming 會 Li Tin Kei, Dave
President Hon. Treasurer

The annexed notes form an integral part of these financial statements. 務

38 INDEPENDENT AUDITOR’S REPORT

STATEMENT OF CASH FLOWS 現金流量表

FOR THE YEAR ENDED 31 DECEMBER 2016

Surplus before taxation : 2016 2015
Adjustments for: HK$ HK$
595,044 1,197,221
Bank interest income
Depreciation (106,771) (231,694)
213,738 326,981
Movement in working capital /( ) 702,011
/( ) 1,292,508
Decrease/(increase) in trade debtors 220,910
及 223,935 (131,897)
Decrease/(increase) in prepayments 及 (92,743)
(5,675) —
Increase in rental, utility and other deposit 會( )/ (273,855)
(104,956)
Decrease in functions and publications income 及 (27,439)
received in advance 務 33,582
(Decrease)/increase in subscriptions (94,993)
received in advance 及 744,894 (29,035)
Decrease in accrued expenses and provision (121,937) 967,459
/( ) 622,957 (264,326)
Cash from operations 及 703,133
(22,441)
Profits tax paid 及 92,830 (284,892)
及 70,389 236,088
Net cash from operating activities (48,804)
693,346 654,329
Cash flows from investing activities 21,863,012
21,208,683
Purchases of furniture and equipment 22,556,358
21,863,012
Interest received

Net cash from/(used in) investing activities

Net increase in cash and cash equivalents

Balances of cash and cash equivalents
at beginning of the year
Balances of cash and cash equivalents
at end of the year

The annexed notes form an integral part of these financial statements. 務

39

NOTES TO THE FINANCIAL STATEMENTS 財務報告附註

FOR THE YEAR ENDED 31 DECEMBER 2016

1. GENERAL INFORMATION 1. 一般事項 會
The Institute is a company limited by guarantee and not having a share 會 會
capital. “Limited by guarantee” means that the liability of each member is 會員
limited in the case of a winding-up to HK$1.00; in addition the income and 及 會會
assets of the Institute can only be applied to promote the Institute’s objects 會員
and, for example, it cannot pay dividends of any kind to its members. 員
會 務 及
The principal activity of the Institute is to maintain, develop and enhance 及 及 68 15 1503
professional standards in human resource management, covering quality, 及
ethics and practices, and to increase the influence of human resource
professionals, for the benefit of individuals and organisations in Hong Kong. 會

The address of the registered office is located at Suite 1503, 15/F., 68 Yee Wo
Street, Causeway Bay, Hong Kong.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 2. 主要會計政策概要 359(1)(a)
(A) BASIS OF PREPARATION OF THE FINANCIAL STATEMENTS (A) 編製財務報告之基準 會
The Institute qualifies for the reporting exemption as small private companies 及
under section 359 (1)(a) of the Hong Kong Companies Ordinance. The 會
Institute is therefore entitled to prepare and present its financial statements 會
in accordance with the Small and Medium-sized Entity Financial Reporting
Standard (“SME-FRS”) issued by the Hong Kong Institute of Certified Public 務務
Accountants.
務 務務 會
These financial statements comply with the SME-FRS and have been 及會
prepared under the accrual basis of accounting and on the basis that
the Institute is a going concern. The measurement basis adopted is the
historical cost convention.

(B) FURNITURE AND EQUIPMENT AND DEPRECIATION (B) 傢俬及設備及折舊 及
Furniture and equipment are stated at cost less depreciation. The cost of an 及 會
asset comprises its purchase price and any directly attributable costs of bringing 及
the asset to working condition and location for its intended use. Expenditures 及
incurred after the furniture and equipment have been put into operation are
normally charged to profit or loss in the period in which they are incurred. 及
In situations where it can be clearly demonstrated that the expenditure has
resulted in an increase in the future economic benefits expected to be obtained
from the use of the furniture and equipment, the expenditure is capitalised as an
additional cost of the furniture and equipment. When assets are sold or retired,
their cost and accumulated depreciation are removed from the accounts and
any gain or loss resulting from their disposal is included in profit or loss.

(C) TRADE AND OTHER RECEIVABLES (C) 貿易及其他應收賬款
Trade and other receivables are stated at estimated realisable value after 及
each debt has been considered individually. Where the payment of a debt
becomes doubtful a provision is made and charged to profit or loss. 及

(D) IMPAIRMENT ON ASSETS (D) 資產減值
At the end of each reporting period, the Institute reviews the carrying amounts
of its assets to determine whether there is any indication that those assets have 會
suffered an impairment loss. If the recoverable amount of an asset is estimated to

40 INDEPENDENT AUDITOR’S REPORT

be less than its carrying amount, the carrying amount of the asset is reduced to
its recoverable amount. Impairment loss is recognised as an expense immediately.

Recoverable amount is the greater of an asset’s net selling price and future
net cash flow expected from the continued use of that asset.

Where an impairment loss subsequently reverses, the carrying amount of the
asset is increased to the revised estimate of its recoverable amount, but so that
the increased carrying amount does not exceed the carrying amount that would
have been determined had no impairment loss been recognised for the asset in
prior years. A reversal of an impairment loss is recognised as income immediately.

(E) TRADE AND OTHER PAYABLES (E) 貿易及其他應付賬款
Trade and other payables are initially measured at fair value and, after 及
initial recognition, at amortised cost, except short-term payables with no
stated interest rate and the effect of discounting being immaterial, that are
measured at their original invoice amounts.

(F) PROVISION AND CONTINGENT LIABILITIES (F) 撥備及或然負債
Provisions are recognised when it is probable that an outflow of economic
benefits will be required to settle a current legal or constructive obligation as 會
a result of past events, and a reliable estimate can be made of the amount of 會
the obligation.

Contingent liabilities are possible obligations that arise from past events 會
;
whose existence will be confirmed only by the occurrence or non-occurrence 會
of one or more uncertain future events not wholly within the control of the

Institute; or are present obligations that have arisen from past events but are

not recognised because it is not probable that settlement will require outflow

of economic benefits, or because the amount of the obligations cannot 務 會
be reliably measured. Contingent liabilities are disclosed in the financial

statements unless the probability of settlement is remote.

(G) REVENUE RECOGNITION (G) 確認收入
Revenue is recognised when it is probable that the economic benefits will 會
flow to the Institute and when the revenue can be measured reliably, on the
following bases: 會員 :
會 會務
Annual subscriptions are billed to members on an annual basis in respect
of each year ending 31 March. Subscriptions are recognised on a time 會 會
proportion basis. The proportion of annual subscriptions relating to future
periods is deferred and recognised in the statement of financial position as
subscriptions received in advance.

Entrance fees are recognised in the year of receipt.

Receipts from Institute functions are recognised when the functions are
taken place.

Income from sale of publications is recognised when the publications are
delivered or invoiced and title has passed.

Interest income is recognised using the effective interest method.

41

(H) TAXATION (H) 稅項
Income tax expense represents current tax expense. The income tax payable
represents the amounts expected to be paid, using the tax rates that have
been enacted or substantively enacted by the end of the reporting period.

(I) LEASES (I) 租賃 會
Leases that transfer substantially all the rewards and risks of ownership of 及
assets to the Institute, are accounted for as finance leases. The leased asset 務及 務
is capitalised, at the inception of a finance lease, as an item of property, plant 及 務
and equipment at its fair value or, if lower, at the present value of the minimum 務 務
lease payments and are depreciated over the shorter of its estimated useful
life or the lease term. Lease payments are apportioned between the finance
charges and reduction of the lease liability so as to achieve a constant rate of
interest on the remaining balance of the liability. Finance charges are charged
to profit or loss.

Leases where substantially all the risks and rewards of ownership of assets are 及
not transferred to the lessee are accounted for as operating leases. Rentals
applicable to operating leases are dealt with in profit or loss on a straight-line
basis over the lease term.

(J) RETIREMENT BENEFIT COSTS (J) 退休福利供款 員 員
The Institute operates a defined contribution Mandatory Provident Fund 會 (
retirement benefit scheme (the “MPF Scheme”) under the Mandatory 會
Provident Fund Schemes Ordinance for those employees who are eligible ) 員 會
to participate in the MPF Scheme. Contributions are made based on a
percentage of the employees’ basic salaries and are charged to profit or loss
as they become payable in accordance with the rules of the MPF Scheme.
The assets of the MPF Scheme are held separately from those of the Institute
in an independently administered fund. The Institute’s employer contributions
vest fully with the employees when contributed into the MPF Scheme.

(K) FOREIGN EXCHANGE (K) 外幣換算 會
The reporting currency of the Institute is Hong Kong Dollars, which is the 務
currency of the primary economic environment in which the Institute operates.

Foreign currency transactions are converted at the exchange rate applicable
at the transaction date. Foreign currency monetary items are translated into
Hong Kong Dollars using exchange rates applicable at the end of the reporting
period. Gains and losses on foreign exchange are recognised in profit or loss.

(L) RELATED PARTIES (L) 有關連人士
(a) A person, or a close member of that person’s family, is related to the
Institute if that person: (a)

(i) has control or joint control over the Institute; 員會 :
(ii) has significant influence over the Institute; or
(iii) is a member of the key management personnel of the Institute. (i) 會 ;
(b) An entity is related to the Institute if any of the following conditions ;
applies: (ii) 會
(i) The entity is controlled or jointly controlled by a person identified in (a). 員
(ii) A person identified in (a)(i) has significant influence over the entity or (iii) 會 會
is a member of the key management personnel of the entity (or of a
parent of the entity). (b) :

(i) (a)

(ii) (a)(i)

( )

員

42 INDEPENDENT AUDITOR’S REPORT

3. REVENUE 3. 收入 會 及
Revenue represents revenue from subscriptions, entrance fees, institute : 2015
functions, sale of publications and advertising as follows: 2016 HK$
HK$
Subscriptions and entrance fees 及會 5,275,783
Gross receipts from institute functions 5,101,764 14,349,818
Sales of research related publications 12,866,516
Advertising income 670,074
586,110 1,273,915
1,015,442 21,569,590
19,569,832
2015
4. DIRECT COST 4. 直接開支 2016 HK$
HK$ 1,205,470
Membership related expenditures 會員服務 5,666,948
Expenditure on institute functions 1,325,549 73,111
Cost of research related publications 5,020,065 158,803
Advertising related expenditure 7,104,332
85,666
112,114 2015
6,543,394 HK$
231,694
5. OTHER REVENUE/(LOSSES) 5. 其他收益 /( 虧損 ) 2016 (449,410)
HK$ 24,884
Bank interest income (192,832)
Net exchange difference 106,771
Sundry income (2,752) 2015
HK$
108,759 326,981
212,778 1,897,409

6. SURPLUS BEFORE TAXATION 6. 除稅前盈餘 8,762,353
Surplus before taxation is arrived at after charging 526,951

Depreciation 員 2016 及
及 HK$
Operating lease rental of office premises 213,738
1,897,409
Staff costs
8,347,855
- Salaries and allowances 582,879

- Retirement benefit costs under defined
contribution plans

7. EXECUTIVE COUNCIL MEMBERS’ REMUNERATION 7. 理事會成員酬金 會
In accordance with article 54 of the Institute’s Articles of Association, there 54
was no remuneration paid to the Executive Council Members.
會員

8. TAXATION 8. 稅項
Hong Kong profits tax has been provided at the current rate of 16.5% (2015: 16.5% 2015:16.5%
16.5%) on the estimated assessable profits for the year.

43

9. FURNITURE AND EQUIPMENT 9. 傢俬及設備 Leasehold Total
improvements HK$
Cost 及
At 1 January 2016 Furniture, fixtures HK$ 3,694,787
Additions 22,441
At 31 December 2016 and equipment 658,260
HK$ — 3,717,228
Accumulated Depreciation
At 1 January 2016 3,036,527 658,260 3,276,291
Charges for the year 22,441 213,738
At 31 December 2016 658,260
3,058,968 — 3,490,029
Net book value
At 31 December 2016 2,618,031 658,260 227,199
At 31 December 2015 213,738 418,496
—
2,831,769 — 25% to 33 1/3%
33 1/3%
227,199 :-
418,496

Depreciation is provided on the straight-line method based on the estimated 及
economic useful lives of the individual assets at the following annual rates:-

Furniture, fixtures and equipment 及
Leasehold improvements

10. GENERAL FUND 10. 基金

Balance at 1 January 2016 HK$
Surplus for the year 21,119,521
Balances at 31 December 2016
507,044
21,626,565

11. PROVISION 11. 撥備

At 1st January ( )/ 2016 2015
(Write back)/provision for the year HK$ HK$
At 31st December 143,272 98,370
(11,049) 44,902
This represents provision for annual leave entitlements accrued to employees. 員 132,223 143,272

12. COMMITMENTS 12. 資本承諾 2016 :
At the end of the reporting period, the Institute had total future minimum HK$
lease payments under non-cancellable operating lease with landlords related 會 563,952 2015
to land and buildings falling due as follows: HK$
— 1,897,409
Within one year 563,952 2,461,361
Within the next second to fifth year 4,358,770

13. BANKING FACILITIES 13. 銀行信貸 200,000
Bank fixed deposits of HK$200,000 are pledged to a bank to secure banking 會
facilities.

44 INDEPENDENT AUDITOR’S REPORT

APPENDIX 1

HKIHRM ORGANISATIONAL STRUCTURE

附錄 1 香港人力資源管理學會組織架構

as at December 2016 2016 12

EXECUTIVE
COUNCIL

理事會

COMMITTEES / SECRETARIAT
ADVISORY BOARDS OFFICE
秘書處
/ TASKFORCE
委員會 / 顧問團 /

專責小組

Annual Conference 2016 會 員會 Finance Department 務
Committee 2016 /
及 Human Resource /
China and 員會 Administration 及
International HRM Department 會籍
Committee 員會
Human Resource 及
Editorial Committee 員及 Professional Standards 及
員會 Department
Employee Engagement 及
and Employers’ Branding 及 Learning & Development
Committee Department
務 員會
Employment-related Hong Membership Department
Kong Legislation and 員會
Issues Committee Project & Event
及 員會 Department
HR Excellence Awards 員會
Committee Public Relations &
Communications
International Department
Advisory Board
Research & Development
Learning and Department
Development Committee

Management Committee

IT Advisory Group

Membership Evaluation 會籍 員會
Committee
員會
MPF Taskforce
員會
Professional Standards
Committee 員會
員會
Programme Endorsement
Sub-Committee

Remuneration Committee

Research Committee

Strategic Advisory Board

45

APPENDIX 2

EXECUTIVE COUNCIL / COMMITTEES / ADVISORY
BOARDS / TASKFORCE 2016/17

附錄 2 2016/17 年度理事會 / 委員會 / 顧問團 /
專責小組名單

2016/2017 EXECUTIVE COUNCIL 2016/2017 年度理事會

David Li Chi-ming 李志明 Chak Shui-hang 翟瑞恒
President 會 Council Member 會員

Margaret Cheng Wai-ching 鄭惠貞 Virginia Choi Wai-kam, JP 蔡惠琴
Vice President 會 Council Member 會員

Lawrence Hung Yu-yun 孔于人 Barry Ip Wah-shun 葉華信
Vice President 會 Council Member 會員

Alice Wong Nga-lai 黃雅麗 Peter Leung Ka-chung 梁嘉聰
Vice President 會 Council Member 會員

Dave Li Tin-kei 李天驥 Valent Ma Chi-keung 馬志強
Honorary Treasurer Council Member 會員

Francis Mok Gar-lon 莫家麟 Janet Man Sok-wai 文淑慧
Immediate Past President 會 Council Member 會員

Chester Tsang Wing-cheong 曾永昌
Council Member 會員

Francis Wong Wai-wah 黄偉華
Council Member 會員

in alphabetical order of surnames

46 APPENDIX 2

ANNUAL 2016 EMPLOYEE ENGAGEMENT 僱員投入及 INTERNATIONAL 國際顧問團
CONFERENCE 周年會議 ADVISORY BOARD
COMMITTEE 2016 委員會 AND EMPLOYERS’ 僱主品牌

Lawrence Hung () BRANDING COMMITTEE 委員會 Ernesto G. Espinosa, Ernesto G.
(Co-chairperson) () Past President, Espinosa
Andy Luk David Li () World Federation of
(Co-chairperson) () (Chairperson) People Management 會
June Chung K M Chan Associations 會會
Ophelia Ho
Fang Shengtao Anita Law Peter Wilson, Peter Wilson
Eva Leung
Jaime Fung Professor Raymond So Chairman of Australian
Angel Tam
Barry Ip Chester Tsang Human Resources Institute 會會
(Advisor) Albert Wong
Kalmond Ma Elaine Wong LEARNING AND 學習及
DEVELOPMENT 發展委員會
Katherine Shiu COMMITTEE
()
Bob Xie Chester Tsang ()
(Co-chairperson)
CHINA AND 中國及 EMPLOYMENT-RELATED 香港僱傭 Barry Ip ()
INTERNATIONAL 國際人力資源 HONG KONG LEGISLATION 相關法例 (Co-chairperson) ()
HRM COMMITTEE 管理委員會 AND ISSUES COMMITTEE 及事務委員會 Eliza Chan ()

Lawrence Hung () Julita Leung () ) Iris Cheng
(Co-chairperson) () (Chairperson) (2016 11
Alan Tin ) Raymond Fok
(Co-chairperson) 編輯委員會 Monica Chan (2016 11 )
Michael Chau (joined in November 2016) (2016 11 Roy Fung
Liza Cheung )
Linda Ho Nancy Chan (2016 11 ) Kenneth Kan
Kanny Ho (2016 11 )
Elsie Hui Alice Ip (2016 1 Nelson Lai
Linclon Lam
Eva Lau Kenneth Kan Wallance Ma
Wang Wen Yi (joined in November 2016)
Benjamin Wong Anthony Mak
Kay Yip Connie Lam
Francis Wong
EDITORIAL Seria Lam
COMMITTEE (joined in November 2016) Virginia Choi, JP
(Advisor)
Virginia Choi, JP Jennifer Tam Francis Mok
Chow Tung Shan (Advisor)
Victoria Tam Andy Tsui
(Advisor)
Albert Wong
(resigned in November 2016) MANAGEMENT 內部管理
COMMITTEE 委員會
Francis Wong
David Li ()
Chris Wu (Chairperson)
(resigned in November 2016) Margaret Cheng
Lawrence Hung
Venus Yau Dave Li
(resigned in January 2016) Francis Mok
Alice Wong
HR EXCELLENCE 卓越人力資源
AWARDS COMMITTEE 獎委員會

Margaret Cheng ()
(Chairperson)
David Li IT ADVISORY 資訊科技
Nancy Chan GROUP 諮詢小組
Barry Ip
Daisy Lee Roy Fung ()
Dave Li (Co-chairperson)
Francis Mok Dave Li ()
Felix Siu (Co-chairperson)
Ada To Lincoln Lam
Johnny Wan Alston Leung
Francis Wong Eric Ling
Tafline Yew Anthony Mak

in alphabetical order of surnames

47

MEMBERSHIP 會籍評審 PROGRAMME 課程認可 STRATEGIC ADVISORY 策略顧問團
EVALUATION 委員會 ENDORSEMENT 專責委員會 BOARD
COMMITTEE SUB-COMMITTEE
() () Alfred Chan
David Li Julita Leung () Andrew Chan
(Chairperson) () (Co-chairperson) Sir CK Chow
Edmond Lai Phil Smith ( () Kim Mak
(2016 12 Johnny Wan
Nelson Lai (Co-chairperson) AUDITOR 核數師
Fung & Chan 會
Angel Lee David Lui

John Lee Li Kam Cheong
(Advisor)
Francis Mok
) REMUNERATION 薪酬調查 HONORARY LEGAL 榮譽法律顧問
Johnny Wan ) COMMITTEE 委員會
ADVISOR
Ritchie Bent Senna Cheung ()
(Advisor) (Co-chairperson) () Michael Downey
Phil Smith (Advisor) Alice Wong Hong Kong & China
(resigned in December 2016) (Co-chairperson) (2016 7 Employment Law
Judy Cheung (2016 1 Practice Group
() Paul, Hastings, 務
Evelyn Chun () Janofsky & Walker
MPF 強制性公積金 及
TASKFORCE 專責小組 Winnie Fan 務

Valent Ma () Sunny Fong ) HONORARY TAX 榮譽稅務顧問
Iris Lam ) 務服務
Edith Lee Brenda Fung ADVISOR
Anita Ma
Monisa Wan Nelson Lai Mr K C Law
Alison Wong Partner, Tax Services
Chris Wu Nelson Li PricewaterhouseCoopers
Anthony Griffiths Limited
(Advisor) David Lui

PROFESSIONAL 專業標準 Michael Sean
STANDARDS 委員會 (joined in July 2016)
COMMITTEE Aken Tsoi
() (joined in January 2016)
David Li () Elaine Wong
(Co-chairperson)
Valent Ma P O Mak
(Co-chairperson) (Advisor)
Eliza Chan Professor Raymond So
Li Kam Cheong (Academic Advisor)
Professor Randy Chiu
Roy Fung RESEARCH 研究委員會
Lawrence Hung COMMITTEE
Barry Ip ()
Connie Lam Janet Man (Chairperson)
Angel Lee (joined in October 2016) (2016 10 )
Julita Leung Henry Chamberlain
Francis Mok Dr Ronald Chung
Nancy Shum Professor
Howard Sou Elizabeth George
Ada To Vincent Lo
Chester Tsang Ian St-Maurice
Johnny Wan Katherine Shiu
Dr Gilbert Wong
Elisa Wong

in alphabetical order of surnames

48 APPENDIX 2