Calls To Raise Civil Service Pay By 5 Percent

"); jQuery("#212 h3").html("

"); });
2023-05-25 HKT 19:13
The Government Employees Association on Thursday called for an across-the-board 5 percent pay rise for civil servants, saying that would boost morale and help retain talent.
The group under the Federation of Trade Unions said it polled more than 3,000 government workers online this month, with 65 percent of them hoping to get a pay hike of 5 percent or more this year.
That's higher than the result of the annual pay trend survey which pointed to increases of 2.87 percent for senior civil servants, 4.65 percent for middle-ranking workers and 4.5 percent for junior staff.
The Government Employees Association said competitive pay is needed to retain workers in the wake of staff departure in recent years.
"The workload is heavy and the price index increased, so the civil servants' morale is in fact decreasing this year, because the adjustment of our salaries cannot meet our desire in the past few years," said the union's youth officer, Chan Chin-kei.
The union said the government can afford a 5 percent pay hike now that the economy is recovering.
Civil servants saw their pay frozen in 2020 and 2021 before getting a 2.5 percent increase last year.
TOPPAN Edge Becomes Japans First Qualified VLEI Issuer
The Global Legal Entity Identifier Foundation (GLEIF) has announced TOPPAN Edge, a subsidiary of TOPPAN Holdings that p... Read more
SFC And Dubais DFSA Partner On Cross-Border Regulatory Cooperation
The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (D... Read more
Toss To Launch Finance Super-App In Australia, Plans Won-Based Stablecoin
South Korea’s fintech unicorn Toss is preparing to launch its finance super-app in Australia before the end of this y... Read more
China Funds Research On Stablecoins And Cross-Border Oversight
China’s largest government-backed research funder has begun accepting applications for studies on stablecoins and the... Read more
XTransfer, CZBank Shanghai Branch Form Cross-Border Finance Partnership
XTransfer has entered into a partnership with the Shanghai branch of China Zheshang Bank (CZBank). The agreement was si... Read more
Brinc Launches VentureVerse Through Acquisition Of OG Club
Brinc, a Hong Kong-based venture acceleration and corporate innovation firm, has acquired OG Club, a decentralised auto... Read more