How Business Registration Hong Kong Can Help Make Your HK Staff Happy

Entrepreneurs know this by heart. Happy employees are motivated, hardworking employees. Hardworking employees mean better productivity and higher chances of more sales, deals and yes, a healthier working environment. Hence, company owners should always make it a point to keep their employees feeling happy and well taken care of.

In Hong Kong, making employees feel contented (thus lowering the rate of staff turnover) is easy to do. This can be done with the help of Business Registration Hong Kong.

You see, Business Registration Hong Kong can help make the appropriate filings for your staff (both local or expat) before the Inland Revenue Department. Business Registration Hong Kong can also help enroll your staff into an approved Mandatory Provident Fund or MPF. These involve requiring both the company or employer and the HK staff to each contribute 5% of the employee’s gross monthly salary to a contribution limit. These measures are important when you have a company in Hong Kong and you want to legally employ people. And yes, to make things fair and let the staff know that you are keen on following proper work laws.

To know more about MPFs and even payroll services, give Business Registration Hong Kong a call today. They’ve been helping make a lot of companies’ staff happy since 1987!

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Business Registration Hong Kong Shares Small Business Trends For 2014

So you want to make a splash this 2014. You want to know what’s in and what’s out and which business ideas are deemed to garner success this Year of the Wooden Horse. Fret not. Business Registration Hong Kong shares below at least 3 technology-related ventures that experts say could enjoy high probabilities of growing and succeeding this 2014. If you’re a small business owner, then this is a must read for you.

1. Personalized search. Consider investing in a technology solution that offers personalized search, which is based on a user’s own web history, physical location and even personal profile. Experts say that more and more companies should tailor fit their online strategies in order to lure in more customers and this includes personalized search.

2. Consider investing in a technology solution that offers an easy crowdfunding process. Crowdfunding, by definition, is the collective efforts of people who band together and pool money in order to support causes or projects initiated by other people or organizations. Crowdfunding is very popular these days since more people now appreciate how easy it is to donate to a favorite advocacy no matter where you are in the world.

3. Social media outsourcing. Lots of small business owners usually do the social media work for their brands or companies themselves. Nothing wrong with that, of course. However, wouldn’t it be better if small business owners also have more time to focus on networking, closing more sales and leave smaller tasks to pros?

So which of these trends do you like best? Which trend appeals to you most?

Always remember to weigh in the pros and cons before you invest in business ventures. More importantly, if you can tap companies that provide professional corporate services, all the more better!

 

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Business Tips: How To Plan Ahead Your Company’s Chinese New Year in HK

Chinese New Year 2014 in Hong Kong is fast approaching. Just think of this scenario: so many Chinese (and all others who also observe what they call the Lantern Festival) taking time off work and a lot of factories and businesses are closed including production, shipping and deliveries for about 15 long days. Not to mention the countless activities, family parties and cultural festivities! Is your company ready for this? Have you thought of how you can still protect your business and clients in Hong Kong as well as meet deliverables amid the Chinese New Year celebration? You must plan ahead. Here are some tips from Business Registration Hong Kong on how you can do it.

The Chinese New Year is based on the Lunar calendar so make sure that you have the dates of this year’s celebration right. Take note of the first day of the first month and the 15th day (the culmination). In Hong Kong, most government offices, public utilities as well as banks will be closed from January 31 to February 3, 2014. These are public holidays in Hong Kong.

Plan deliveries. Orders placed before, during or about a day or two after the Chinese New Year could be delayed so make sure that your customers understand the repercussions.

If you’re involved in the food industry or if you operate a mall, you may need to extend your service hours. Not only do Hong Kong residents expect this but tourists who come to HK for the Lunar Festival do as well.

Moreover, be ready to address the possibility that some of your workers may not come back or may ask for a wage increase. This holds particularly true especially for factories that employ many migrant workers. Because they require extra time and effort to go travel back to their families, they may no longer go back and work, unless perhaps you offer extra incentives. You should also be ready to be able to hire and train new staff, just in case some of your old, regular employees do not come back.

On a brighter note, it’s Chinese New Year! So you may also want to organize a party for your company and your employees. This is a very special and important festival for the Chinese and the perfect time for you to also join in the merriment. There are a lot of Hong Kong restaurants and hotels that you could tap for this.

 

For other helpful business tips, follow the Business Registration Hong Kong Facebook Page. You can also contact Business Registration Hong Kong for a list of their professional services.

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How To Show Appreciation And Get Better Results From Your Employees This Holiday Season

Every company’s real wealth are its employees. If the employees are hardworking, positive, determined and have that all too-important (but more often than not, forgotten!) sense of initiative, then the company will definitely succeed. On the other hand, if the workers do not really care about the well-being and future of the business, then the company is doomed. Hence, in order to avoid a negative atmosphere within the company, business owners should know not only how to motivate their employees but to also show them appreciation in order to achieve better results. These fast and quick tips from Business Registration Hong Kong may come in handy especially this much-awaited holiday season!

First off, be mindful of legal non-working holidays and rules when it comes to double pay. This holiday season, if there are certain days (apart from the weekends, of course) that are legally and widely recognized as non-working holidays, then you must follow that and let your employees enjoy the days off. As such, if in case you really need your employees to work on special days like Christmas Eve or New Year’s Day and that those days may mean double pay, you have to follow that. This way, your employees would feel that they get well-compensated still even though they had to miss celebrating the holidays at home and with their families.

Secondly, give fair bonuses. Employees always look forward to the holidays and to spending time with family. If they have good and fair bonuses (way better if you give generous amounts, of course), then they will surely feel that the company does value them and their contribution to the business.

What do you think of these tips? Share your thoughts with Business Registration Hong Kong, your one-stop shop for professional accounting, banking, legal and taxation services.

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The Company Christmas Party: Get Preparing Before It’s Too Late

Have you just been designated to plan and prepare your company’s Christmas Party? Truth is, it’s a lot of work and we mean A LOT of work! Don’t fret, though. You still have several days to take it all in, accept the challenge, breathe in and breathe out and pull everything off like a certified rockstar employee! Here are some tips from Business Registration Hong Kong to help you get started.

The what, when, where, who and how. List down several options. What type of company Christmas party would you like to hold? Should there be a theme? Should it be grand or will a simple gathering do? This is important because this can help you determine the appropriate dress code. If you only want a simple gathering, then perhaps casual or cocktail attire is suffice. A much grander event may call for suits and ties and dazzling evening gowns.

Think of the possible dates, venues and party attendees. Should you invite investors or stakeholders or will the event just be purely for employees only? Where do you want to hold the party? You may want to list down at least 3 options. Do you just want it at the office, at a pub that you and many of your co-workers frequent in or perhaps at a hotel ballroom? Once you figured that out, call the venues and check rental rates, food and venue availability.

Food and drinks should also be considered. Do you want to ask the big bosses if there’s a certain budget to work around with or should the employees themselves just bring food and drinks potluck style? Consider the venue, time of the party and the theme of the Christmas party also to figure out which food and drinks would go best.

Did those help you? Grab a pen and paper now and start planning! Feel free to let us know how you’re planning your company Christmas party as well.

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How To Manage Customer Expectations And Avoid Licking Wounds

So here’s the basic truth: service quality is directly related to customer expectations. Deliver more and people will love and rave about your company. Deliver less and expect complaints and even damaging costs. Managing customer expectations is a must for every entrepreneur. You should not only know what to do to deliver a good experience for your paying client but also what to do in case that paying client has certain expectations you must meet.

So how do you manage customer expectations and avoid licking wounds in the future? Deliver what you promised. That’s the first, most basic and yes, most important, thing to always remember. If you promised an exceptional service, do it. If you can “over-deliver,” the better. If you “under-deliver,” expect disappointed customers.

Secondly, remember that good service will encourage customer loyalty. This premise will, for sure, keep you and your staff inspired to do well everyday.

Thirdly, be transparent and honest with your services, promos, discounts and other offers. Be clear on what you can do and what you can’t. This way, if a customer complains, you will know how to effectively address his or her concern. Good communication is key.

For other helpful business tips, follow the Business Registration Hong Kong Facebook Page. You can also contact Business Registration Hong Kong for a list of their professional services.

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Motivate Your Employees With These Tips From Business Registration Hong Kong

Every successful businessman knows that motivated employees work more efficiently and are more productive. As a result, the company benefits, sales are high and working relations not only among employees but also between bosses and employees are smooth.

So how do you motivate employees? Here are some helpful tips from Business Registration Hong Kong.

First off, you have to value their self-esteem. More than anything, employees are persons as well and they need to sense that they are valued and are considered important especially by their bosses. To do this, take a little time to get to know them better and understand what’s important for them such as the names of their children, what their favorite hobby is and how they usually spend their weekends.

Secondly, you can motivate your employees by ensuring their safety especially in the office and in other working environments. You must make them aware that management is doing everything to protect them from workplace danger.

Thirdly, always be ready to recognize outstanding employees. You can cite their great work by giving incentives like cash or gifts or perhaps a day off with pay. Employees will then be inspired to work harder in order to grab his or her bosses’ attention as well.

Do you have more tips to motivate employees and help them become more productive? Share them with us!

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Learn to Manage Time Well with Expert Tips from Business Registration Hong Kong

Running a business is hard, especially when you factor in balancing work, managing employees, family time, and personal time. Mastering time management can make juggling multiple commitments a breeze and lucky for you, Business Registration Hong Kong has tips from experts to help you learn how to do just that.

   

Plan and Organize

Begin by planning out everything you’ll be doing on the day, including regular tasks like driving and lunch. Knowing exactly when you have free time allows you to plan out other commitments better and keeps you from over-scheduling yourself. Keep yourself organized by taking care of small tasks immediately. Do you have something to file? Do it right away. Always plan on doing the most difficult tasks first thing in the morning- that is when you are most productive.

Every Minute Counts

Take advantage of every free moment to keep yourself productive. If you know you have a long wait in line ahead of you, bring your fully charged tablet or laptop and spend that time responding to email. Utilize apps for your Smartphone to keep you on track with reminders, synchronized calendars, and more. Make sure not to waste any downtime with distractions; train your employees and customers to respect your time. They should know when you are available to chat and when to let you buckle down and work.

Delegate

When you feel like you have too much on your plate, that is the perfect time to show your employees some trust by giving them more responsibilities. Research, memo writing, and errands are all things that can easily be delegated to an employee. You can also ask for extra help with scheduling to allow you to focus on work. Hire an assistant to plan out your meetings, send you reminders, and keep you on track. Make sure your assistant always gets an agenda for meetings you’re invited to so you know you won’t be wasting your time at a meeting that isn’t relevant to you.

 

What tips do you have for better time management? Let us know! For more information on how to improve your business, how to get started, and more, visit Business Registration Hong Kong.

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How Happy are Your Employees? Keep Costs Low and Invest in Team Building

As a business owner, it would come as no surprise that you love your business. But do your employees feel as passionate as you do? A recent study shows that 80% of employees are dissatisfied with their jobs in some way. Business Registration Hong Kong has taken the key findings of the study for you to learn from and build your business with.

Replacing employees is hassle– and it’s expensive! Finding a replacement can cost you up to one-fifth of the salary, in addition to productivity loss, the cost of training the new employee, and the slow productivity of the new employee. Employees in the food services and accommodation industry are the most unhappy with their work and have the highest overturn rate; about 37 percent quit annually.

So what can you do to keep your employees happy? Research shows that team-building is the best way to keep your employees invested in your business. Team-building exercises have been proven to increase trust among coworkers and managers, reduce conflict in the workplace, and increase collaboration in teams.

These may sound good, but how do they really benefit your company? According to the study, 48% of employees who resigned in the US listed lack of trust as their primary reason for leaving. Verbal fights are recorded as being “common” for 42% of survey respondents, and only 27% of employees who responded felt they were involved in decisions made by their employers. By using team-building exercises, you can keep your employees engaged, involved, and invested.

What do you do to keep employees engaged at work? Let us know! For more information on how to improve your business, how to get started, and more, visit Business Registration Hong Kong.

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Manage Your Business Well in Three Easy Steps with Business Registration Hong Kong

 Whether you manage a large or small business, effective management is key to smooth operations. Being a good manager means that you connect well with your employees, customers, and suppliers. Follow these three easy steps to good management from Business Registration Hong Kong to improve your business.

Step 1: Stop focusing on your experience.

Being an expert in your field isn’t enough to be a good manager. You need to be able to communicate that why and how you’re an expert, and communicate it to the people who need your product or services. In order for experience to make an impact, it needs to be complemented with good marketing, administration, customer service, and organization.

Step 2: Learn how to hire.

First, determine what roles you need filled. Are you good at customer service, but lack technical skills? Now you know what type of person you need to hire. Avoid hiring your friends! Hiring a friend can lead to serious problems within the friendship and the business. Most managers who hire friends have a hard time separating work and friend roles, so if this is you definitely avoid it! Remember the rules to promoting from within: promoting from within lowers hiring costs and raises employee morale. However, if the skill set isn’t in your company, be prepared to look for someone new.

Step 3: Be consistent.

If nothing else seems to be going right, stick to consistency! Nothing comforts customers or employees more than a company and boss they can rely on. For employees, keep your expectations, performance reviews, rewards, and discipline consistent. For customers, make sure they know exactly what to expect when they walk into your business. Keep quality, customer service, and store policies the same and watch customers come running back to you.

Do you have tips on what it takes to be a good manager? Let us know! For more information on how to improve your business, how to get started, and more, visit Business Registration Hong Kong.

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