Minimum wage rate increased to $34.50 per hour

The raise will be effective starting May 1.

The statutory minimum wage rate has been raised from $32.50 to $34.50 per hour.

Under the Minimum Wage Ordinance, employees are protected by the statutory minimum wage whether they are monthly-rated, daily-rated, hourly-rated, piece-rated, permanent, casual, full-time or part-time.

This is regardless of whether or not they are employed under a continuous contract as defined in the Employment Ordinance.

The law also provides a special arrangement so that employees with disabilities have the right to undergo productivity assessment to determine whether they should be remunerated at no less than the minimum wage rate or at a rate commensurate with their productivity. 

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

OTC dealers face tighter clearing tests under fixed annual periods
Fixed annual periods proposed under Clearing Rules.The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) issued a joint consultation on standardising calculation periods under the OTC derivatives Clearing Rules, proposing fixed annual periods for determining mandatory clearing obligations, according to a press release.
Economy
Hong Kong activity cools amidst APAC expansion losing speed
Report flags capital markets adjusting as office assets return as the top pick since 2020.
Economy