HR by Numbers

HONG KONG EMPLOYEES CAN EXPECT A PAY RISE OF 3.6% NEXT YEAR

A recent survey by the Hong Kong Institute of Human Resource Management (HKIHRM) found that Hong Kong employees received an average salary increase of 3.5% in 2022, hitting the highest level since the COVID-19 outbreak.

96% of participating companies offered a pay increase, the base pay adjustment for 2022 was 3.5% (weighted average).

After deducting the 1.9% rise in the Composite Consumer Price Index from January to August 2022, the real base pay adjustment stood at 1.6%.

Senior-level staff

received the largest pay adjustment at 3.8%, while top-level staff were slightly behind at 3.7%. For pay increases in 2023, the average projected pay adjustment was listed as upwards of 3.6%.

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