Corporate Performance Management

Corporate Performance Management

January 04, 2012

City Telecom (HK) Recognizes Hard Work and Service Talent of Employees With 86.5oz Gold Coin Awards at This Year's Annual Dinner

City Telecom (HK) Limited, provider of integrated telecommunications services in Hong Kong over its own self-built fiber network, announced that it has recently ended its Annual Dinner event earmarking a year of hard work and encouraging results.

The Annual Dinners, organized by the company, which were held in Hong Kong and Guangzhou, have become an annual company-wide tradition. This year’s Annual Dinner in Guangzhou was organized at the Kowloonbay International Trade & Exhibition Centre, while the Annual dinner in Hong Kong was organized at The Garden Hotel.

Joyce Cheng, celebrated canto pop-star, was the star performer at the dinner event organized in Guangzhou.

At the Hong Kong annual dinner event, City Telecom recognized the hard work and talent of its employees with gold coin awards of 0.5oz for 5 years and 10 years while employees who have successfully completed 15 years of service were awarded gold coins of 1.0oz. The company in the course of its 19 year existence has awarded gold coins totalling more than 536oz (15kg), which comes up to more than HK$7.8 million or US$1.0 million based on the current market price.

In a release, Annie Sin, director of Administration, said that, “Every year, our annual dinner gets bigger, and more fun. This dinner is a one of the many ways we, as a company, show our Talents how much we appreciate their contributions during the year.”

Additionally, the company announced a bonus averaging 2.02 months basic salary for the hard work put in by its star performers. The rankings will place Talents from best performers to worst performers with the top Talents earning bonus awards equalling 4 months of their basic salary. The bottom 5 percent however, will be terminated based on the stringent performance oriented work culture at the company.

Calvin Azuri is a contributing editor for TMCnet. To read more of Calvin’s articles, please visit his columnist page.

Edited by Jennifer Russell

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