HKIHRM Presentation - Inspiration Rather Than Motivation
November 29 2011 - 1:55AM
Often, we hear companies say "people are our biggest asset". At
City Telecom (HK) Limited (HKSE:1137) (Nasdaq:CTEL), we disagree
with this statement as we treat our People as "Talents", i.e.
people are people and not machines. We believe that the very best
Talents don't want to be "managed", but instead they desire to be
inspired, guided and have access to resources and the autonomy to
achieve amazing things together.
At City Telecom we do some pretty crazy things to inspire our
Talents, e.g. private concert with G.E.M. Tang on a Thursday
afternoon, "Paint Our Dreams" trip to Cambodia for 100 colleagues,
higher education partnerships, etc, etc, etc. Often, outsiders will
question the Return on Equity (ROE) on these seemingly extravagant
events.
"Sometimes we do things because we believe it is the right thing
to do, without seeing an immediate ROE. We believe that once we
have inspired our colleagues, they will achieve amazing results
beyond our expectations. For the 12 months ended 31 August 2011, as
a company, we generated 19% Return on Equity and reported 45%
increase in Net Profit to HK$314 million," said NiQ Lai, CFO and
Head of Talent Engagement.
For our high potential Talents, we ask a simple question, "How
can you help the company to double your pay in the next 2-3
years?", and many of our high potential Talents do deliver this
win-win outcome.
For the full presentation, please download at:
http://ir.ctigroup.com.hk/eng/ir/presentations/pre111123.pdf
About City Telecom/ Hong Kong Broadband Network Limited
Established in 1992, City Telecom (H.K.) Limited (HKSE:1137)
(Nasdaq:CTEL) provides integrated telecommunications services in
Hong Kong via its own self-built fiber network. City Telecom's
wholly-owned subsidiary, Hong Kong Broadband Network Limited
(HKBN), is the fastest growing broadband service provider in Hong
Kong. HKBN offers a diversified portfolio of innovative products
that service over 1,240,000 subscriptions for broadband, local
telephony and IP-TV. The Company has built a solid market position
with top-of-the-line applications and practices enabling its
substantial growth. The company takes great pride in developing its
over 3,000 Talent force into a competitive advantage. Additional
information on City Telecom can be found at
www.ctigroup.com.hk.
CONTACT: For Enquiries, please contact:
Corporate Communications
Jessie Cheng
Tel: +852 3145 4118
Fax: +852 2199 8372
Email: chengcm@ctihk.com
Investor Engagement
Peggy Chan
Tel: +852 3145 6068
Fax: +852 2199 8655
Email: investor_engagement@ctihk.com
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