Hong Kong workers received 4.2 percent hike in base pay on average this year, according to the January 2015 Pay Trend Survey from the Hong Kong Institute of Human Resource Management.
The hike was lower than the 4.5 percent upward salary adjustment that had been projected in a previous survey conducted in October last year, Ming Pao Daily reported.
The survey covered 64 companies that had a total of about 91,800 full-time salaried employees.
Twenty-eight firms that employed a combined 29,127 workers confirmed base pay adjustment in January, with most saying that they raised the pay by at least 4 percent.
As for bonus payment, 46.9 percent of the 64 surveyed companies indicated that they had a guaranteed-bonus policy. The average amount of bonus offered was 1.01 months of the base pay.
The government’s Pay Trend Survey Committee, meanwhile, is set to announce its recommendations today on a salary increase for nearly 170,000 civil servants for the 2015 fiscal year that begins in April.
As the recommendations are normally based on a study of salary standards in the private sector, some civil servant groups had called for an increase of over 6 percent in their pay.
Dr. Chan Sai-kwing, chairman of the Hong Kong Senior Government Officers Association, said the association hopes the pay rise this year will keep pace with inflation, which was 6.6 percent in March based on some parameters.
Li Wai-yee, who represents Model Scale 1 Staff Consultative Council, said there is no reason to be overly optimistic as actual pay rises in the past years were less than expected.
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