2008 Pay Trend Survey findings announced
The 2008 Pay Trend Survey (PTS) Report, compiled by the Pay Survey and Research
Unit of the Joint Secretariat for the Advisory Bodies on Civil Service and Judicial
Salaries and Conditions of Service, is released today (14 May) to Members of
the Pay Trend Survey Committee (PTSC).
The survey has indicated the following
average pay adjustments in the surveyed companies over the 12-month period from
2 April 2007 to 1 April 2008 :
4.47% for the lower salary band (i.e. employees earning below $14,990 per month);
5.87% for the middle salary band (i.e. employees earning from $14,990 to $45,970
6.90% for the upper salary band (i.e. employees earning from $45,971 to $91,765
The above indicators are tentative and are subject to validation by the PTSC
next Wednesday (21 May).
The PTS results will be submitted to the Administration
after validation by the PTSC. In accordance with the established practices, the
Administration will take into account the Pay Trend Indicators derived from the
PTS and other pertinent considerations, namely, the state of the economy of Hong
Kong, the Government's fiscal position, changes in the cost of living, pay claims
of the staff sides and civil service morale, before making a decision on the
specific rates of adjustments for civil service pay for 2008V2009.
results reflect the pay trend in 97 companies covering 141,289 employees over
the 12-month period from 2 April 2007 to 1 April 2008. These companies comprise
72 larger companies (employing 100 or more staff) and 25 smaller companies (employing
50-99 staff). They are those regarded as typical employers in their respective
fields, generally known as steady and good employers conducting salary administration
on a rational and systematic basis.
In line with the improved methodology as
approved by the Chief Executive-in-Council in March 2007, smaller companies are
included in the survey field for the second year with a view to enhancing the
representativeness and credibility of the survey.
The survey takes into account
adjustments to basic salary and additional payments for employees of the surveyed
companies relating to cost of living, changes in market rates, company performance,
merit and in-scale increment.
The PTSC is chaired by Ms Virginia Choi, who is
a member of the Standing Commission on Civil Service Salaries and Conditions
of Service. Ms Choi wishes to express the PTSC's sincere appreciation of the
co-operation and assistance rendered by the participating companies to the 2008