Date
26 March 2017
Hong Kong workers can expect a lower pay rise next year but an industry expert says the final figure could go up if the economy improves. Photo: Bloomberg
Hong Kong workers can expect a lower pay rise next year but an industry expert says the final figure could go up if the economy improves. Photo: Bloomberg

Hong Kong workers in line for 3.8% pay rise

Hong Kong employees are expected to get a 3.8 percent pay rise on average in 2016, down 0.5 percentage point from last year.

Construction workers will get the biggest increase at 5.1 percent and those in the technology and telecom sectors the lowest at 2.9 percent, according to an industry survey cited by Ming Pao Daily.

The survey by the Hong Kong Institute of Human Resources Management polled 96 companies in September.

Fifty-one said they plan to increase staff salaries. None expects to cut or freeze wages.

Information technology lawmaker Charles Mok said demand for IT workers is on the rise but their salaries have been stagnant.

He blamed the problem on the government and companies that outsource IT projects to contractors in the mainland.

Lawrence Hung, vice president of the institute, said economic uncertainty such as China’s slowing economy and stock market volatility are forcing employers into a wait-and-see attitude. 

And Prof. Terence Chong, director of the Institute of Global Economic and Finance of the the Chinese University of Hong Kong, said the lower increases are only part of the picture of slowing growth.

However, Chong said he expects the 3.8 percent increase to top the inflation rate and the final figure could be higher if the economy improves.

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