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Phila Siu

Hongkongers can expect pay rises of between 4.1 and 4.3 per cent next year - slightly less than they received in the past year, according to a survey.
Construction workers are likely to get the biggest wage increase - between 4.8 and 5.3 per cent. Those working in retail will fare worst, with an expected average rise of 3.5 to 3.9 per cent.
The survey was jointly conducted by Baptist University and the Hong Kong People Management Association from July to September, and covered 88 companies with a total of about 80,000 employees.
READ MORE: HK$12,000 to wash dishes? Hong Kong financial chief John Tsang laments effect of ‘soaring’ wages of the low-skilled on city’s business owners
It found that the average wage increase for next year was forecast to be a little smaller than the 4.3 to 4.7 per cent awarded from July last year to June this year.
Dr Felix Yip, the association's president, said companies were offering smaller rises next year because they were cautious about the economic outlook.
"Although the unemployment rate and inflation are lower now, the cost of operations has not dropped," Yip said.
The association's vice-president, Viola Wong, said companies were now looking at different factors before settling on pay increases.
"Last year, companies usually looked at their business performance to decide how much of a pay rise they wanted to offer," Wong said.
"It's different this year, because companies are looking at employees' individual performance instead."
The survey also found that people working in construction and real-estate management put in the longest hours - working an average of 52.7 and 51.1 hours per week respectively.
Also, it was found that the average starting salary this year for someone working in construction with a bachelor's degree was HK$16,012 a month. Those working in sales were worst off, with an average starting salary of HK$11,112.
The survey also covered pay rises in the past year and forecasts for next year for mainland companies.
It looked at 54 mainland companies, which had a total of about 60,000 employees, and found that the workers had been offered raises of 5.9 to 6.8 per cent in the past year.
The forecast increase for next year was between 5.8 and 6.6 per cent.


Pay rises will be smaller next year for Hongkongers, survey says

Construction workers are likely to get the biggest wage increase. Photo: Felix Wong

HK$12,000 to wash dishes? Hong Kong financial chief John Tsang laments effect of ‘soaring’ wages of the low-skilled on city’s business owners

John Tsang (second left) at this weekend's Wine and Dine Festival at Central harbour. Photo: Dickson Lee

Financial secretary John Tsang write in his latest blog post that rising wages for low-skilled work could make it difficult for owners of small business. Photo: Disckson Lee

John Tsang at this weekend's Wine and Dine Festival at Central harbour. Photo: Dickson Lee

Financial secretary John Tsang writes in his latest blog post that rising wages for low-skilled work could make it difficult for owners of small business. Photo: Reuters

Financial secretary John Tsang writes in his latest blog post that rising wages for low-skilled work could make it difficult for owners of small business. Photo: May Tse

5pc pay rise likely for city's white-collar staff, survey of big firms shows

The Employers Federation suggested last month that its 550 member companies, which employ 500,000 people, could raise wages by 4 per cent next year. Photo: Bloomberg

Lee Quane, ECA's regional director for Asia, said most companies saw higher revenues this year.

Lee Quane, ECA's regional director for Asia, said most companies saw higher revenues this year. Photo: K.Y. Cheng

Hong Kong firms expect to offer workers 4.5 per cent pay rise next year 

Wages make up 30 to 40 per cent of business costs. Photo: Bloomberg

Office workers walk on a highway in Hong Kong. Photo: Reuters

Senior Hong Kong civil servants set for special 3 per cent pay rise

Union leaders expressed concern that the recommendation could harm the morale of civil servants in the junior and middle salary bands. Photo: May Tse

Union leaders expressed concern that the recommendation could harm the morale of civil servants in the junior and middle salary bands.

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Hong Kong

Hong Kong Economy

Hongkongers can expect an increase of between 4.1 and 4.3 per cent


Pay rises will be smaller next year for Hongkongers, survey says

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Hongkongers can expect an increase of between 4.1 and 4.3 per cent

Hongkongers can expect an increase of between 4.1 and 4.3 per cent