WTF Podcast | 2025 Hong Kong Payroll Overhaul | HR Forte

WTF Podcast | HR Forte - By Holly & Reggie

• 17 min

Play episode

Join me on this episode of WTF Podcast | HR Forte as we navigate the complexities of Hong Kong's payroll and HR compliance updates for 2025. Managing payroll here is akin to a high-stakes relay race, with crucial changes on the horizon. We'll explore two major shifts: the MPF offset abolition, affecting severance costs, and the new 468 rule, broadening eligibility for statutory benefits. Discover essential steps for new employers, from securing Employees’ Compensation Insurance to obtaining the IRD employer's file number. We'll also discuss the implications of these changes on financial planning, workforce strategy, and compliance, including the increased minimum wage and the critical process for expatriate tax clearance. This episode is packed with vital insights to help you prepare for the evolving landscape of employment in Hong Kong. Tune in to ensure your business stays ahead of the curve.