TAFEP Hero 2024 Sep
Tentative 2024 net pay trend indicators for Hong Kong’s civil servants range from 4.01% to 5.47%

Tentative 2024 net pay trend indicators for Hong Kong’s civil servants range from 4.01% to 5.47%

閱讀中文版本

The Chief Executive-in-Council will take into account the pay trend indicators and other pertinent considerations before making a decision on the 2024-25 civil service pay adjustment.

Hong Kong's Civil Service Bureau confirmed to receive the tentative results of the 2024 Pay Trend Survey (PTS) from the secretariat of the Pay Trend Survey Committee (PTSC) on 16 May 2024.

Presented in the form of "gross pay trend indicators (PTIs)" the tentative survey findings have indicated that the average rates of pay adjustment in the private sector in three salary bands over the 12-month period from 2 April 2023 to 1 April 2024 were 5.05%, 5.35%, and 6.63% respectively.

Having deducted the civil service payroll cost of increments (PCIs) for upper, middle and lower salary bands from their respective “gross PTIs”, the “net PTIs” for each salary band in 2024-25 are 4.01%, 4.32%, and 5.47%.

Salary band
Gross PTIs
[A]
Average PCIs
from 1989-90
to 2019-20
[B]
Actual PCIs for
this year
Net PTIs
[A]-[B]

Upper
(monthly salary from $79,136 to $159,130)
5.05%
1.04%
1.32%
4.01%
Middle
(monthly salary from $25,815 to $79,135)
5.35%
1.03%
1.50%
4.32%
Lower
(monthly salary below $25,815)
6.63%
1.16%
2.17%
5.47%

Members of the PTSC are at present studying the PTS Report in detail. Subject to their analysis and deliberation, the PTSC will verify and consider whether to validate the findings of the survey at its meeting scheduled for 22 May. After that, the PTSC will submit the survey findings to the Government.

The Chief Executive-in-Council will take into account all relevant factors under the established annual civil service pay adjustment mechanism before making a decision on the 2024-25 civil service pay adjustment.

These factors include the state of Hong Kong's economy, changes in the cost of living, the Government's fiscal position, the “net PTIs” calculated from the results of the PTS, the pay claims of the staff side and civil service morale, said the spokesperson for the Civil Service Bureau.

The 2024 PTS Report is 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. The tentative survey findings reflected the pay trend in 113 companies covering 134,376 employees over the 12-month period from 2 April 2023, to 1 April 2024. Among these companies, there are 83 larger companies (employing 100 or more staff) and 30 smaller companies (employing 50-99 staff).


ALSO READ: 

A 3.8% YoY increase seen in Hong Kong’s average wage rate in December 2023

Median monthly wage of Hong Kong employees rose 3.5% to HK$19,800 in 2023


Lead image / 123RF

Follow us on Telegram and on Instagram @humanresourcesonline for all the latest HR and manpower news from around the region!

Free newsletter

Get the daily lowdown on Asia's top Human Resources stories.

We break down the big and messy topics of the day so you're updated on the most important developments in Asia's Human Resources development – for free.

subscribe now open in new window