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Tentative findings of 2024 Pay Trend Survey

HK

Tentative findings of 2024 Pay Trend Survey
HK

HK

Tentative findings of 2024 Pay Trend Survey

2024-05-16 12:36 Last Updated At:16:01

Unlocking the future of pay: key insights from the 2024 pay trend survey

The following is issued on behalf of the Pay Trend Survey Committee:

The 2024 Pay Trend Survey Report (PTS Report), 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, has been distributed to members of the Pay Trend Survey Committee (PTSC) earlier today (May 16).

The tentative survey findings have indicated the following average pay adjustments in the surveyed companies over the 12-month period from April2, 2023, to April 1,2024.

Tentative findings of the 2024 Pay Trend Survey (PTS) (subject to verification)

---------​---------​---------​---------​---------​---------​---------​---------​---------​-------

Basic Pay Indicator

+

Additional Pay Indicator

=

Gross Pay Trend Indicator

Lower Salary Band

(below $25,815 per month)

:

5.26%

+

1.37%

=

6.63%

Middle Salary Band

($25,815-$79,135 per month)

:

5.03%

+

0.32%

=

5.35%

Upper Salary Band

($79,136-$159,130 per month)

:

3.63%

+

1.42%

=

5.05%

Members of thePTSC 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 May 22. After that, the PTSC will submit the survey findings to the Government.

In accordance with the established practice, the Chief Executive-in-Council (CE-in-Council) will take into account the pay trend indicators derived from the PTS and other pertinent considerations before making a decision on the 2024-25 civil service pay adjustment. The PTSC has yet to validate and confirm these tentative findings. The PTSC will not make any recommendations to the Government on the rates of adjustments to civil service salaries. Be they tentative or validated, the findings are not rates of adjustments to civil service salaries recommended by the PTSC.

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

The survey is conducted in accordance with an improved methodology as approved by the CE-in-Council in March 2007. The survey takes into account adjustments to basic salary and additional payments awarded to employees of the surveyed companies attributable to factors in relation to the cost of living, general prosperity and company performance, general changes in market rates, merit and inscale increment.

The PTSC is chaired by Mr Laurence Li, SC, who is a member of the Standing Commission on Civil Service Salaries and Conditions of Service. MrLi wishes to express the PTSC's sincere appreciation for the co-operation and assistance rendered by the companies who participated in the 2024PTS.

Source: AI-generated images

Source: AI-generated images

Former registered contractor convicted for carrying out building works in a dangerous manner

The Kwun Tong Magistrates' Courts today (October 31) ruled that a former registered general building contractor and its sub-contractor had contravened the Buildings Ordinance (Cap. 123) (BO) and imposed each with a fine of $8,000. The Buildings Department (BD) will seek legal advice on whether to appeal against the amount of the fines imposed.

The case involved a fatal incident at a construction site at Tung Yuen Street, Yau Tong in December 2022. A worker was hit by a collapsed steel section when carrying out removal works of a temporary lateral support at the construction site, and died subsequently. An investigation by the BD found that precautionary measures had not been adequately provided by the contractor and its sub-contractor during the dismantling of the temporary lateral support. The BD initiated prosecutions against the contractor and its sub-contractor under section 40(2B)(a) of the BO in December last year.

The subject contractor (i.e. Aggressive Construction Engineering Limited) was removed from the Register of General Building Contractors on November 16 last year.

Pursuant to section 40(2B)(a) of the BO, any person directly concerned with the relevant building works, who carries out or authorises or permits such works to be carried out, in such manner that it causes injury to any person or damage to any property, shall be guilty of an offence and liable on conviction to a fine of $1,000,000 and to imprisonment for three years.

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