Date
24 September 2017
Staff bonus payouts will be up 8 percent on average in Hong Kong this year, according to a survey. Photo: Bloomberg
Staff bonus payouts will be up 8 percent on average in Hong Kong this year, according to a survey. Photo: Bloomberg

HK employees to pocket 1.56 months’ average bonus: survey

Hong Kong employees would be receiving bonus equivalent to 1.56 months’ salary on average this year, marking an increase of 8 percent from the previous year, according to a survey.

A survey by HR Business Solutions Asia showed Hong Kong in the 13th position in the Asia-Pacific region in terms of staff bonus levels, while Indonesia, Singapore and Sri Lanka were at the top with average bonus payout of 1.8 months’ salary, Apple Daily reported Thursday.

China was ranked 8th with bonus payment at 1.75 months’ salary.

In Hong Kong, medical care and hotel employers will deliver the highest bonus, at 1.92 months’ and 1.88 months’ salary respectively.

Thanks to strong property sales last year, some employees of Handerson Land Development — which is controlled by tycoon Lee Shau-kee — will get 10 months’ salary as bonus, the report cited a source as saying.

Some staff at e-commerce firm Cogobuy Group will receive even higher bonus, at 12 months’ salary, according to the report.

Elaine Ng, chief consultant with HR Business Solutions, said bonus level reflects a company’s earnings achievement as well as employees’ performance for the past year.

The payouts suggest that Hong Kong’s economy was not impacted by the Occupy protests last year.

For its survey, HR Business Solutions interviewed more than 1,000 companies in 14 Asian countries and regions. In Hong Kong, around 130 firms were studied.

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