Career Advice Featured stories and job trends

“Pay for Performance” is the way forward

Regardless of size or stature, each and every company seeks highly efficient strategies for human resources management. Virginia Choi, a prominent corporate consultant, highlights “value for money” as a key to excellent job listing services in response to shifting hiring trends.

A more flexible approach to recruitment

Virginia Choi J.P. (Managing Director, Tamty McGill Consultants International) is an expert in corporate development strategy, advanced management training design and professional talent assessment. Despite her stellar reputation in the field of management consulting, Choi admits that she and her team must remain open to new thinking and adhere to lifelong learning in order to remain competitive in the industry.

“For instance, since SMEs constitute nearly 90% of businesses in Hong Kong, and start-ups are all the rage now in Greater China, I’ve spent quite a lot of time in past years researching the human resources management best suited to SMEs. Also, my young team has carried out wide-ranging studies on what young people really want at work and has subsequently launched a management tool for bridging the generation gap in the workplace. These two examples illustrate the importance of being open to new ideas, and that keeps your finger on the pulse of the real world of business.”

With a reputation as one of the most trend-conscious corporate strategists in Hong Kong, Choi reckons the biggest challenge for human resources management in this day and age is the dramatic attitude shifts towards the nature of work. “The younger generation is always seeking a healthy work-life balance, with many willing to work part-time for a freer lifestyle, while many members of the ‘silver haired’ population are seeking ways to re-enter the job market. Faced with these paradigm shifts, companies should respond to new changes swiftly and adopt a more accommodating approach to recruitment.”

Always go for quality in recruitment

Flexible working hours have been of great interest to our workforce in recent years. A full-time position can now be broken up into two or even three part-time jobs. This sort of change will impact greatly labour-intensive industries such as food and beverage and retail. Inevitably, the recruitment process will become more time-consuming and costly, especially in the area of job advertising.

Companies have traditionally spent a great deal of money on job listing. Choi says that job listing services should be reshaped to allow recruiters to cut down on time and expenditure. “I suggest that free advertising be offered by job listing platforms. In addition, these platforms should be able to help recruiters shortlist candidates so that recruiters don’t have to spend too much time on sorting CVs and can more effectively make the best hiring decisions.”

“It is not difficult to see why free job listing is so appealing. Recruiters needn’t pay until they land suitable candidates’ CVs. This way SMEs are able to cut their recruitment costs markedly, while the number of CVs bought rests entirely on one’s needs. This brand-new method of recruitment holds a lot of attraction for SMEs and industries that require massive manpower. Meanwhile, HR people are able to reduce their workload and breathe a sigh of relief. I believe it is the new way forward in recruitment, as no other payment method can more perfectly embody the principle of ‘Pay for Performance’.”

Pay for Performance — free and revolutionary

Choi points out that every penny should be spent smartly and flexibly in the business world and that recruitment costs are no exception. A strong believer in the principle of “Pay for Performance”, cpjobs.com has broken away from the established pricing strategy and launched the revolutionary Token Model, offering free job advertising to recruiters and allowing recruiters to screen for the right hires’ CVs before using tokens to download the full versions, thereby saving a lot of time as well as job advertising costs. If you wish to explore the power of “Pay for Performance”, sign up now at www.cpjobs.com/token10 and receive five free tokens to get started.