Taking your business offshore, especially in a high-potential jurisdiction, such as Hong Kong, can help it to grow rapidly and become the success you have always wanted. For most companies, shrinking markets back home and punitive policies push them to go offshore, but it is the desire to become top-rated brands that make them move out even faster. Well, you can never go wrong with your Hong Kong.
Opening a company in Hong Kong is only the first step; the bigger task has just started. You will need to draw crucial strategies for market entry, growth, and expansion. One core component that will determine the success you can achieve with your Hong Kong company is employees. In this post, we will tell you expert strategies that you can use to get more from staff when doing business in Hong Kong.
Provide Clear Roadmap for Career Growth
Every employee who comes to your company is interested in career progression. For example, a graduate trainee who enters at a lower level job anticipates growing and reaching managerial status with time. If you provide this guarantee for career growth, the employee will work harder to ensure your enterprise achieves its goals.
When still at career growth, you can make the workers deliver more by linking the progress to major achievements. For example, employees in your organization’s marketing team might be recommended for promotion after serving for some time and achieving specific goals, such as doubling sales of the company products. With these goals, your employees will go out of the way to market the brand even when not at work.
Build a Positive Organizational Culture
The culture of an organization is the way of doing things. It goes beyond the simple product production and sale axis and runs deep into each staff’s lifestyle. When the organization’s culture is good, your staff will want to be associated with it more. So, how do you achieve a positive organizational culture when doing business in Hong Kong?
- Make employees develop a stronger attachment with the company
- Cut down bureaucracies between the top management and lower-level staff
- Focus on improving the welfare of staff
- Ensure that issues of individual staff, from birthdays to sickness, are given more focus by the company. This can be something as simple as giving the staff an off to address the issues to cover the associated costs.
- Commit to progressively grow employees skills through HR development
Delegating Tasks to Your Staff
There is nothing as captivating as knowing that a company or its management trusts you. Well, this might be all that you need to overcome resistance to organizational change. Delegating the task creates the impression that your employees have the leadership, conflict management, and problem-solving skills they require to run teams, departments, or entire organizations.
Delegating makes employees work harder, knowing that they might be the next in line to become the bosses or leaders. Therefore, you will no longer need to remind them about switching off the lights to keep the power bill low when no one is around or reporting the need for equipment maintenance. The organization will become like a single team with huge momentum for success.
Work with Experts in Your Organization
Another very helpful method of getting your staff to deliver more is working with experts like GuideMeHongKong. Professionals can come in a number of ways, but the commonest one is handling payroll for your Hong Kong firm. They ensure that all employees are remunerated properly, on time, and statutory deductions withheld and remitted to the right parties. This will make your staff happy because they can meet their personal obligations on time. Professionals can also help with the following:
- Company incorporation in Hong Kong
- Advice on tax-related matters
- Drafting strategies for growth
- Demonstrating tax substance
- Expanding to the regional and global market
If you want to grow your company rapidly, the secret is getting as much as you can from your staff. The strategies we have listed in this post will not only make it easy for your company to increase production, but the staff will also become ambassadors to the organization.