BUS News

First Greater Bay Area Pay and Benefits survey released

24 Oct, 2019
img The Centre for Human Resources Strategy and Development (CHRSD) of the HKBU School of Business released the results of the first “Guangdong-Hong Kong-Macao Greater Bay Area Pay and Benefits Survey” on 24 October 2019, attracting over 250 HR professionals and reporters to the seminar.

The survey was conducted between July and September 2019. Questionnaire responses from 97 companies were received, covering 109,619 employees and 191 benchmark jobs in Hong Kong. The respondents came from 11 business sectors, including: construction, education, hospitality & catering, information & communication technology, real estate & property management, retail, trading etc. The survey results suggest that the overall actual salary increase in Hong Kong for the period of July 2018 to June 2019 ranged from 3.9% to 4.1%. The projected salary increase for 2020 was 3.5% to 3.6%, the lowest since 2010.

As for the Guangdong cities, a total of 61,562 employees from 63 companies were covered in the survey. The results suggested that the overall actual salary increase in 2019 ranged from 5.4% to 6.8% for the same period, with the overall projected salary increase for 2020 at 5.9% to 6.3%.

Prof. Randy Chiu, Director of CHRSD and Professor in the HKBU School of Business, said, “The survey has been extended to cover the Greater Bay Area to generate valid, reliable and timely pay and benefits information for businesses, government departments and academics, as well as to develop future talents by understanding the dynamics, opportunities and threats in the employment market of the area.”

The survey has been an annual collaboration between HKBU 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. This year the CHRSD also partnered with the Research Centre for Human Resources Management of South China University of Technology (SCUT) to extend the coverage of the survey to the Greater Bay Area.