Close to 70 per cent of businesses forecast an average pay increase of between 3 per cent and 3.5 per cent in 2021. Photo: Nora Tam Close to 70 per cent of businesses forecast an average pay increase of between 3 per cent and 3.5 per cent in 2021. Photo: Nora Tam
Close to 70 per cent of businesses forecast an average pay increase of between 3 per cent and 3.5 per cent in 2021. Photo: Nora Tam
Salaries

Most Hong Kong firms plan to boost pay by 3 per cent but pace of hiring set to slow, survey finds

  • Some 82 per cent of firms will freeze their headcounts while about 35 per cent will either reduce their bonus payouts or offer no extra payment
  • Hiring is expected to be slow, and companies may offer benefits, such as flexible working hours, well-being programmes

Topic |   Salaries
Close to 70 per cent of businesses forecast an average pay increase of between 3 per cent and 3.5 per cent in 2021. Photo: Nora Tam Close to 70 per cent of businesses forecast an average pay increase of between 3 per cent and 3.5 per cent in 2021. Photo: Nora Tam
Close to 70 per cent of businesses forecast an average pay increase of between 3 per cent and 3.5 per cent in 2021. Photo: Nora Tam
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