Hong Kong workers may get a 4 to 4.5 percent pay rise next year, while their mainland counterparts can expect a 6.4 to 6.9 percent increase, both showing a downtrend, the Hong Kong Economic Journal reported on Friday, citing a survey of employers.
The expected fall in salary increases is due to the economic slowdown both at home and globally, according to researchers at the Centre for Human Resources Strategy and Development of Hong Kong Baptist University, one of the organizers of the survey.
Higher operating costs, including a higher minimum wage, also contributed to employers’ reluctance to give a more generous pay rise.
The survey, taken from July to September, interviewed respondents from 160 organizations across 13 sectors that employ more than 80,300 workers.
The construction sector beat all other industries in the survey with an expected pay rise of 6.1 percent, while textile and garments registered the lowest at 1.8 to 3 percent.
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