Subgroup of Talent Development Committee reviews framework on Incentive Plan for the Qualified Professionals

Convened by Van Iat Kio, subgroup leader of the Incentive Plan for the Qualified Professionals under the Talents Development Committee, the subgroup had its first meeting in 2015, where the Macau Institute of Management presented the research result on ‘Future demands of accounting talents in Macao Industries’, allowing an in-depth understanding of the future development of the accounting field in Macao. Committee members discussed the revised framework on the Incentive Plan for the Qualified Professionals, and believed that more information on more professional qualifications are needed to be collected in order to determine further the criteria for incentives and the scope of profession, etc.

According to Senior Lecturer of Macau Institute of Management, Li Kai Jian, who reported that from 2015 to 2020, there is a rising trend in the demand for accounting personnel in different functions of the Macao industries. With more large-scale projects coming to completion in 2015 and 2016, the increment will be more significant. Owing to the level of salary, prospect of promotion, etc, turnover of accounting personnel stood high, which implies that the demand for future accounting personnel might appear to be distorted depending on the adequacy of the market supply. Based on the results and contents of the research, committee members had active discussions with Dr. Oscar Chan, the Dean of the Macao Institute of Management and research consultant of this research.

The secretariat gave a report on the revisions of the framework on Incentive Plan for the Qualified Professionals. Committee members had active discussion, comments and suggestions on the scope of professions, criteria, and methods. They agreed to provide more licensing/qualifications information based on their own professions to the secretariat, whom will collect and collate the information for next meeting’s discussion.

Members in attendance of the subgroup meeting on Incentive Plan for the Qualified Professionals included: Van Iat Kio, Vong Chuk Kwan, Tai Wa Hou, Ip Sio Kai, Lou I Wa, Sou Chio Fai. Members in observation are: Liang Baijing, Pang Su Seng, Tai Wong Kuai Leng, Chan Chi Fong.