News
HR & EDUCATION | Staff Reporter, Hong Kong
view(s)

Almost 2 in 5 Hong Kong employees expect salary increases of more than 6%

But only 1 in 5 employers will award more than 6% increases.

According to Hays, there still seems to be disconnect in the salary expectations of Hong Kong workers and what employers are offering. 17% of employers will award more than 6% increases, whereas 37% of candidates surveyed in Hong Kong are expecting more than 6%. On average, most employers in Hong Kong plan to award salary increases from between 3 to 6%.

“Employers need to balance the need to remain competitive on salary to attract new talent while managing salary budget for existing staff carefully. While employees’ salary expectations are fairly modest in Hong Kong, tensions could arise if salaries for new hires move up too fast,” says Christine Wright, Managing Director of Hays in Asia.

Benefits

Across all Asian countries surveyed, 85% of employers provide staff benefits in addition to salary and bonuses. Health/medical remains the most commonly offered benefit (79% of employers) followed by life assurance (40%), a car allowance (34%), pension (31%), housing allowance (26%) and club or gym membership (16%).

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.