**************************************************
The following is issued on behalf of the Pay Trend Survey Committee :
The Pay Trend Survey Committee met today (May 26) to consider the findings of the 2011 Pay Trend Survey.
The survey findings indicate that the following average pay adjustments have been awarded by the surveyed companies over the 12-month period from April 2, 2010 to April 1, 2011:
Gross
Basic Additional Pay
Pay + Pay = Trend
Indicators Indicators Indicators
---------- ---------- ----------
Lower 3.80% + 2.34% = 6.14%
Salary
Band
(below
$15,875
per month)
Middle 4.71% + 2.27% = 6.98%
Salary
Band
($15,875-
$48,670
per month)
Upper 5.18% + 2.72% = 7.90%
Salary
Band
($48,671-
$96,885
per month)
The 2011 Pay Trend Survey was conducted 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 and based on an improved methodology as approved by the Chief Executive-in-Council in March 2007.
The survey results reflect the pay trend in 116 companies covering 184,350 employees over the 12-month period from April 2, 2010 to April 1, 2011. It took 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, in accordance with the improved survey methodology.
A breakdown of the 116 companies by size is as follows:
No. of
Companies
---------
Larger companies 87(75%)
(employing 100 or more staff)
Smaller companies 29(25%)
(employing 50-99 staff) ---------
Total : 116
The distribution of the 184,350 employees by the three salary bands is as follows:
No. of
Employees
----------
Lower Salary Band 99,360(54%)
(below $15,875 per month)
Middle Salary Band 73,814(40%)
($15,875-$48,670 per month)
Upper Salary Band 11,176 (6%)
($48,671-$96,885 per month) -----------
Total : 184,350
At the meeting today, all Members of the Committee validated the survey results.
The meeting was chaired by Ms Virginia Choi, Chairperson of the Pay Trend Survey Committee and a member of the Standing Commission on Civil Service Salaries and Conditions of Service.
Ms Choi said, "The Pay Trend Survey Committee will submit the Committee Report to the Administration for consideration. The 2011 Pay Trend Survey was conducted in accordance with the agreed methodology and in a professional and objective manner."
Ms Choi added, "The relevant pay trend indicators are the result of a survey of the pay trend in companies of the private sector. Pay adjustment for the civil service is, however, a separate matter. The actual level of adjustment will have to be determined by the Administration in consultation with relevant parties having regard to an array of considerations."
Ms Choi wishes to express the Committee's sincere appreciation for the co-operation and assistance rendered by the companies to the Pay Survey and Research Unit. The list of surveyed companies which are willing to disclose their names is at the Appendix.
Ends/Thursday, May 26, 2011
Issued at HKT 17:36
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