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The following is issued on behalf of the Pay Trend Survey Committee:
The 2010 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 (May 20) 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 April 2, 2009 to April 1, 2010:
Gross
Basic Additional Pay
Pay + Pay = Trend
Indicators Indicators Indicators
---------- ---------- ----------
Lower 1.79% + -0.89% = 0.90%
Salary
Band
(below
$15,785
per month)
Middle 2.02% + -0.73% = 1.29%
Salary
Band
($15,785-
$48,400
per month)
Upper 2.10% + 0.10% = 2.20%
Salary
Band
($48,401-
$95,360
per month)
The above indicators are tentative and are subject to verification and validation by the PTSC next Thursday (May 27). After that, the PTS results will be submitted to the Administration. In accordance with the established practice, 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 2010-2011 civil service pay adjustment.
The survey results reflect the pay trend in 106 companies covering 179,967 employees over the 12-month period from April 2, 2009, to April 1, 2010. Among these companies, there are 81 larger companies (employing 100 or more staff) and 25 smaller companies (employing 50 - 99 staff). These companies are regarded as typical employers in their respective fields, and generally known as steady and good employers with systematic and rational salary administration.
The survey is conducted in accordance with the improved methodology as approved by the Chief Executive-in-Council in March 2007. The survey takes into account adjustments to basic salary and additional payments awarded to employees of the surveyed companies attributable to factors in relation to cost of living, changes in market rates, general prosperity and 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 for the co-operation and assistance rendered by the participating companies to the 2010 PTS.
Ends/Thursday, May 20, 2010
Issued at HKT 16:13
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