12% expect paying bonuses worth 100% of staff salary.
According to recruiting experts Hays, in Hong Kong, 85 per cent of employers offer staff benefits in addition to salary/bonus. Most commonly provided is health/medical benefits (94 per cent), life assurance (50 per cent), pension (49 per cent), housing allowance (24 per cent) and car/car allowance 17 per cent.
Across all countries, 85 per cent of employers provide staff benefits in addition to salary and bonuses. Health/medical remains the most commonly offered benefit (79 per cent of employers) followed by life assurance (40 per cent), a car/car allowance (34 per cent) pension (31 per cent), housing allowance (26 per cent), club or gym membership (16 per cent), other (16 per cent), hardship allowance (10 per cent), children’s education (8 per cent), tax equalisation (6 per cent) and private expenses (5 per cent).
Here's more from Hays:
In the coming year, 68 per cent of employers in Hong Kong intend to award bonuses to all employees and 25 per cent to only some employees.
Of the employers in Hong Kong paying bonuses, 38 per cent expect bonuses to be worth from eleven per cent to fifty per cent of staff salary; 30 per cent up to ten per cent of staff salary and 20 per cent from fifty-one per cent to ninety nine per cent of staff salary. Another 12 per cent of employers in Hong Kong expect to pay bonuses worth one hundred per cent of staff salary.
Across all countries in the region, bonuses were most commonly related to company performance (88 per cent) or individual performance (84 per cent). Only 10 per cent of staff bonuses were guaranteed. A further 34 per cent of bonuses were related to team performance and a small two per cent to hours billed.
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