Staff turnover in China can be high and very costly to your business. Building longer term incentives for staff, rather than short term pay rises, can help keep your team together and performing.
Long term pension options can be built that vest over a period of time in a manner that you decide. For example 40% of your staff’s pension could become available after 3 years of service and another 40% after 6 years of service.
Who should consider?
- If you have problems with staff turnover, particularly key people.
- If you have at least 20 staff you want to keep.