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2017 HKSAR Pay Level Survey Released

20 Oct, 2017
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The Centre for Human Resources Strategy and Development (CHRSD) of the HKBU School of Business released the results of the “2017 HKSAR Pay Level Survey” on 19 October 2017, attracting around 130 HR professionals and reporters to the seminar.
 
The survey was conducted between July and September 2017 through questionnaires. Responses from 115,496 employees from 127 benchmark jobs in Hong Kong were received. The respondents came from different business sectors, namely construction, engineering, hospitality & catering, information & communications, logistics & transportation, manufacturing etc. The result showed that the overall actual salary increase in Hong Kong for the period of July 2016 to June 2017 ranged from 3.6% to 4.0%. The projected salary increase for 2018 was 3.5% to 3.8%, the lowest projection across all four staff levels over the past five years.
 
Dr. Felix Yip, Associate Director of CHRSD and Senior Lecturer of the HKBU School of Business, explained, “the drop in pay rise was due to the lack of economic incentives and effective policies.” He suggested that the government should develop new industries to attract investments and boost the economy.
 
The survey has been an annual collaboration between the CHRSD and the Hong Kong People Management Association since 1995, aiming at providing employers and human resources professionals with the latest market trends on compensation and benefits in the region. 
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