Hong Kong HR Guide
Onboarding
- Employment Contract
- Tax Enrollment IR56E
- MPF Enrollment
- MPF Registration for Non-HK Expatriates
- Compensation Insurance
- Employment for Age below 18
- Data Privacy
Daily Routine
- Continuous Contract (418)
- Annual Leave
- Rest Day
- Statutory Holidays
- Payroll
- Sick Leave
- Average Wage (713)
- Statutory Minimum Wage
- MPF Contribution
- eMPF
- Maternity Leave
- Reimbursement of Maternity Leave Pay
- Learning and Traning
Annual Wrap-up
On Termination
Mandatory Provident Fund (MPF) in Hong Kong
In theory, the Mandatory Provident Fund (MPF) scheme in Hong Kong is not the only retirement scheme you can choose for your employees. As an incentive to attract high performing staff, you can provide tailor-made retirement package and apply an exemption from MPF, such as the defined-benefit scheme which is more popular in overseas countries. Nevertheless, let's assume you are about to offer MPF scheme for your staff members.
Enrollment:
For all employees aged 18 but under 65 years old, and employed for a continuous period of 60-day or more (defined as "regular employees"), they should be enrolled in an MPF scheme within 60 days of employment.
Even if the staff member is employed on part-time basis, as long as the employment is more than 60 days, such staff member is also required to be enrolled in an MPF scheme.
❗️❗️Beware❗️❗️
An employer who fails to contribute to the MPF accordingly, or fail to enroll the relevant staff members will be subject to a maximum fine of $350,000, and imprisonment for 3 years.
For construction industry or catering industry where employment period may be less than 60-days (defined as "casual employees"), you should enroll your employee in an MPF scheme within the first 10 days of employment.
💡Recommendation💡
With a human resources system such as Backstage, the employee join date can be recorded systemically and the employee first MPF contribution dates can also be automatically calculated
Take a look at Backstage HR System
Reference on MPFA website regarding enrollment of new members:
https://www.mpfa.org.hk/en/mpf-system/enrolment-and-termination/employers-enrolment-for-employees
Choice of MPF Schemes:
http://www.mpfa.org.hk/eng/public_registers/registered_schemes_cf/fudetail.do?schId=SCH000000000056
