Back

Hong Kong Based Banking HR Leaders Meet for a Q4 Update

Hosted by: UBS

Banking HR Leaders met in Hong Kong at the Quarter 4 Banking HR APAC update hosted at UBS and chaired by The Chapman Consulting Group. It had been three months since we last met and there was a lot to be discussed.

The banking sector remains sluggish in Singapore, Hong Kong and Japan. HR Leaders are looking more at how to drive efficiency in HR processes and needing to demonstrate their value-add to business leaders by acting on critical issues.

The points noted during the meeting included:

  1. Increased regulatory complexity is causing headaches for HR in Asia and this is set to intensify.
  2. Increased sophistication of HR shared services models is seeing lower value HR functions disappearing more from Singapore and Hong Kong and appearing into India and the Philippines. However this trend is destroying the bench-strength of junior HR talent in Singapore and Hong Kong who can move up into senior roles, which in turn is meaning more external hiring.
  3. Flexibility is being demanded more often in HR teams, and HR Leaders need to think more about allowing certain members of their teams to work part-time hours, have career breaks or work from home. All these trends remain in their infancy in Asia, but are expected to catch on quickly in the coming years in the banking sector.
  4. Banking bonuses are going to be lower for 2011. HR Leaders will need to play around with bonus pools to reward high performers, but average or low performers can expect small bonuses. Talent retention will be a key issue, although this issue will be moderated by the sluggish state of the overall banking HR market.
  5. HR Leaders are putting more effort into equipping their HR staff with stronger skills in tatransformation and resilience to cope with change. Change is a constant in future planning, many feel.

The APAC Banking HR Leaders group will reconvene in both Hong Kong and Singapore in February 2012 and then Mumbai and Shanghai in March 2012.

Newsletter

Keep up with the latest HR insights and updates.
Sign up

Recent Posts

Key Contributors:

Matthew Chapman

Founder

Global Management
View more
Global Management

Matthew Chapman

Founder

Matthew (Matt) Chapman is the Founder of ChapmanCG. Matt oversees ChapmanCG’s future strategy, innovation and image across the globe. He also personally provides HR search and career counsel to HR leaders whose careers have grown alongside ChapmanCG — some of whom are now the biggest HR names in the world.

Matt has a Bachelor of Commerce in Accounting and Business Law from the University of New South Wales, Australia. He is a Singapore Citizen and divides his time between Asia Pacific, the Americas and EMEA.

Matt is a wellness, self-improvement and fitness addict. He has completed six desert, 250km ultra-marathons in Chile, China, Egypt, Antarctica, Namibia and Madagascar.

EA Registration Number: R1111550 Licence Number: 08S3543

Latest Articles by Matthew

Well-being 31 May 2022

Well-Being and Resilience

In October this year I will be undertaking the ultimate test of resilience, competing in…

Matthew Chapman
Read
ChapmanCG News 18 May 2022

Global HR Update Q2 2022

This quarter, we are seeing the global HR community heavily focused on all things Talent,…

ChapmanCG
Read
Well-being 22 March 2022

Reflections on Well-Being as We Look to The Year Ahead

In June 2021, ChapmanCG and Development Beyond Learning (DBL) partnered to deliver a World Well-Being…

Matthew Chapman
Read
Future of Work 10 March 2022

The Role of Well-Being in Unlocking a Sustainable, High-Performance Culture

The well-being space has always interested me. I remember back in 2004 when I did…

Matthew Chapman
Read
ChapmanCG News 16 February 2022

Global HR Update Q1 2022

It has been a busy start to 2022, with our HR network saying that this…

ChapmanCG
Read
Global HR Updates 28 December 2021

Top Articles of 2021

As 2021 finishes and we start to look into 2022, we reflect on some of…

ChapmanCG
Read
Future of Work 6 December 2021

Unlocking Human Potential Through Remote Working

When I founded ChapmanCG, remote working was the lifestyle I wanted. The idea came about…

Matthew Chapman
Read
ChapmanCG News 17 November 2021

Global HR Update Q4 2021

Our final Global HR Update for 2021 features the year’s hottest topics and trends for…

ChapmanCG
Read
Well-being 10 October 2021

World Mental Health Day 2021

Well-being has taken on a renewed focus in the light of the global pandemic in…

ChapmanCG
Read
Well-being 20 September 2021

Make It a Priority

Our bodies and minds are capable of a great many things. Pushing ourselves and persevering…

Matthew Chapman
Read