Human Resources

Toggle

Article

2.7% pay raise for middle managers in Hong Kong

HR Vendors of the Year Awards is back again for its 5th year with a fascinating gala night to celebrate the best HR vendors in Hong Kong. Winning is both an affirmation of the exceptional quality of your work in the industry and among peers. Enter Awards now
Contact us now for more details.

According to the figures released last week by the Census and Statistics Department (C&SD), the average monthly salaries for middle-level managerial and professional employees increased by 4.8% in June 2015 compared with a year earlier.

But after factoring inflation the actual year-on-year increase was found to be 2.7%.

The survey findings also showed that in June 2015, 40% of the middle-level managerial and professional employees were entitled to guaranteed year-end bonus and 74% had irregular profit-sharing bonuses.

A government spokesman said in a press release that the average salaries of middle-level managerial and professional employees saw further solid and across-the-board increases in June 2015.

This was due to the persistently tight manpower situation in the higher-skilled segment amid Hong Kong’s focus towards building a knowledge-based and high value-added economy.

More notable salary gains were observed in the building and construction and related trades section, as well as among engineering and other technical support personnel, recording a 3.8% salary increase, followed by finance and insurance at 2.7%.

Taking all the selected industries and occupational groups together, average salary increases in June 2015 were both higher in nominal and real terms when compared to the previous year.

Image: Shutterstock

ALSO READ: Low-skilled workers in Hong Kong outpacing managers in pay raises



Leverage on technology to improve your HR operations and process at HR Tech Interactive. Happening in Singapore and Kuala Lumpur in August.
Request your invite now!

Read More News

Trending

Leave a Reply

You must be logged in to post a comment.