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Hong Kong businessman happy money

Employees in Hong Kong earned more, worked less in 2014

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Professionals in Hong Kong had a good working year in 2014, with most receiving higher salaries than in 2013 and working fewer hours.

A new set of statistics released by the city’s Census and Statistics Department (C&SD) showed that in May – June 2014, Hong Kong employees earned a median monthly wages of HK$14,800. This was a 5.3% increase from the same period in 2013. The increase was seen across all industries, age groups and genders.

The manufacturing industry saw the highest increase of 7.5%, with younger employees (15-24 years old) receiving the biggest amount of pay rise (7.1%).

When it came to hourly wages, however, employees in the 45-54 age range reported seeing the highest increase in wages of 5.4%.

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“In May – June 2014, the 10th, 25th, 75th and 90th percentile monthly wages of Hong Kong employees were $8,000, $10,500, $23,000 and $37,600 respectively,” the report stated.

“They were 4.1%, 5.0%, 4.1% and 3.9% higher than the corresponding figures in May – June 2013 respectively.”

Men in the city continued to earn more, reporting a 4.6% increase in monthly wages (from $15,800 to $16,500) whereas women saw a 4,5% rise (from $12,200 to $12,700).

The median weekly working hours for both men and women, however, decreased.

Male professionals’ median weekly hours stood at 45.9 hours, a decrease of 4.3% than in 2013.

On the other hand,  women’s median weekly hours were 43.4 hours in 2014, 2.1% lesser than the previous year.

 

Image: Shutterstock

For the 5th consecutive year, HR Distinction awards will again honour the very best in the HR industry. Winning is both an affirmation of the exceptional quality of your work in the industry and among peers. Book your gala dinner table now
Contact us now for more details.

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