HONG KONG MONETARY AUTHORITY Annual Report 1996

HONG KONG MONETARY AUTHORITY

ADMINISTRATION

In order to deal with the important strategic issues facing Hong Kong in 1997 and beyond, the HKMA must prepare itself for the future in terms of honing the skills of its staff and structuring its management, providing the most efficient use of human resources and developing the best technology available.

MANPOWER OBJECTIVES

The Administration Division's responsibilities include human resources planning and policy implementation. HKMA's manpower strategies aim at:

1. developing staff through systematic training and development activities;

2. maximising staff talent;

3. offering career growth for good performers;

4. ensuring trust and open communication between management and staff; and

5. managing staff performance with an objective appraisal system.

ACHIEVEMENTS

ORGANISATIONAL CHANGE

In order to strengthen the senior management, an additional Deputy Chief Executive post was created to head the monetary management, market infrastructure, administration and finance functions.

STAFFING

Despite some difficulties in hiring specialists for certain posts, the overall staffing position in 1996 was satisfactory. Eighty-six new staff have been recruited during the year. Turnover rate remained stable.

A breakdown of the establishment and strength is set out in Table 1:

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