HK's Biggest Employers Announce Pay Increases for Staff

Some of Hong Kong's biggest employers plan to increase the salaries of their staff next year as the economy starts to improve, says the South China Morning Post.

 

The newspaper says that the increases, as much as 3%, suggest that there is still a sense of caution among companies, despite signs of an upturn in business.

 

According to the Post, companies that have announced plans to raise pays include Hong Kong Exchanges and Clearing, Cathay Pacific Airways, and Henderson Land Development.

 

Citing a study by recruitment firm Ambition, the Post says that almost 60% of 451 hiring managers believe their companies will pay a bonus for this year and increase wages next year. Just under half of the respondents said the average pay increase would be 1% to 3%.

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