Insights
There is always something exciting happening at Lockton. Here are just a few from our newsroom.
Hong Kong to abolish MPF offsetting arrangement against severance and long service payment …
The Hong Kong government has confirmed that the use of employers’ mandatory contributions under the Mandatory Provident Fund (MPF) to offset severance payments (SP) and long service payments (LSP) upon termination of employment will be abolished from …
Revenge Quitting is a Growing Risk for Employers
As many organizations face workplace challenges related to skills gaps, high costs, and labor shortages, employee dissatisfaction is now driving a new trend—revenge quitting. But revenge quitting isn’t just a workplace trend or an HR concern, it's a …
Upcoming Webcast: Global Pay Transparency
We invite you join us for an upcoming webcast covering Global Pay Transparency, relevant for anyone with employees in countries with existing or pending regulations around equal pay, transparency reporting, gender gap reporting, and more related topi …
China launches a new voluntary private personal pension scheme [Updated]
Update: China has expanded its voluntary tax-advantaged private personal pension scheme nationwide from 15 December 2024, following a successful pilot phase in 36 cities. Over 70 million private pension accounts had been opened under the pilot phase. …
Puerto Rico court voids 2022 labor reform
On 20 June 2022, the Puerto Rico government passed Act No. 41-2022 (the “2022 Labor Act”), aiming to amend certain labor provisions to increase protections for private sector workers. However, on 3 March 2023, the United States District Court for Pue …
Italy’s new natural catastrophe insurance mandate: key updates and deadlines
Effective March 31, all companies (excluding agricultural companies) based in Italy are required to purchase property insurance coverage for natural disasters, including floods, earthquakes, and landslides. Noncompliance may result in significant san …
