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Expect salary hikes in Hong Kong this 2014: Michael Page

Ike Suarez | Jan. 27, 2014
Salaries in Hong Kong are expected to increase within the next 12 months, says a survey

Salaries in Hong Kong are expected to increase within the next 12 months, according to a survey of employers in the Special Autonomous Region (SAR) by the recruitment consultancy firm, Michael Page.

According to the report, employers expect to offer salary increases of 1 to 5 % with some sectors expected to offer even higher salary increases of 6 to 10%.

The sectors where offers could be higher and percentages of employers there who said so were the following:

  • Procurement and Supply Chain, 50%
  • Secretarial and Office Support,42%
  • Legal,33%

Listed as drivers for salary increase offers and percentages of employers who said so were the following:

  • Global economic conditions,60%
  • Domestic Economic Conditions, 58%
  • Competition between companies for talent,52%

A press statement by the consultancy firm said its survey for its latest annual report involved 500 employers.

The survey results are now available in the Michael Page Hong Kong 2014 Salary & Employment Forecast Report.

 

 

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