HONG KONG – The annual private sector pay trend survey, regarded as one of the references in determining wage adjustments for Hong Kong’s civil servants, was released on Thursday.
The 2024 Pay Trend Survey Report’s tentative findings showed that the gross pay trend indicators of the city’s private sector employees at lower, middle and upper salary bands were 6.63, 5.35, 5.05 percent respectively from April 2, 2023, to April 1, 2024.
The survey covered 113 private sector companies with over 134,000 employees. They included 83 larger companies with 100 or more staff members and 30 smaller companies with 50 to 100 employees
The Pay Trend Survey Committee emphasized that it has yet to validate the survey findings and that it will not make any recommendations to the Hong Kong Special Administrative Region government on salary adjustments for the civil service.
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A spokesman for the Civil Service Bureau said that it has received the survey results and Chief Executive John Lee Ka-chiu and the Executive Council will consider “all relevant factors” in determining the annual civil service wage adjustment.
He said these factors include the state of Hong Kong's economy, changes in the cost of living, the HKSAR government's fiscal position, the “net pay trend indicators” calculated from the results of the Pay Trend Survey, the pay claims of the staff side and civil service morale.
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The survey covered 113 private sector companies with over 134,000 employees. They included 83 larger companies with 100 or more staff members and 30 smaller companies with 50 to 100 employees.