Civil Servant Pay Rises To Jump As Economy Booms

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

Related News Programmes

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "http://newsstatic.rthk.hk/audios/mfile_1396668_1_20180516155139.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'http://news.rthk.hk/rthk/en/component/k2/1396668-20180516.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','http://news.rthk.hk/rthk/en/component/k2/1396668-20180516.htm', 'DCS.dcsqry', '' ); } } }); }); });

2018-05-16 HKT 16:15

Share this story

facebook

  • Civil servant pay rises to jump as economy booms

  • Thousands of civil servants are expected to get pay rise between 2.84 percent and 4.51 percent. File Photo: RTHK

    Thousands of civil servants are expected to get pay rise between 2.84 percent and 4.51 percent. File Photo: RTHK

Over 170,000 civil servants are in line to receive a pay rise of between 2.84 percent and 4.51 percent this year.

That's according to the findings of a pay trend survey conducted by a government-appointed committee that looks into salary movements in the private sector.

The survey suggests a 4.06 percent jump for senior civil servants, and hikes of 2.84 and 4.51 percent for lower and middle-ranking staff.

The final level of increases will be decided by the administration and Executive Council after considering a basket of factors, including the outcome of this survey, as well as inflation and staff morale.

Last year, the committee proposed pay increases of between 1.38 percent and 2.44 percent, the smallest rises since 2010.

The chairman of the Pay Trend Survey Committee, Wilfred Wong, said the figures this year are significantly higher than those of last year due to a better local economy.

"The economical progress of Hong Kong and the trading ... for the second half of last year and the beginning of this year is better than the previous year. I believe all of the employers and the commercial sector are taking a positive approach, kept positive view in adjusting their salaries."

The chairman of the Hong Kong Senior Government Officers Association, Steven Wong, said his group generally welcomed the outcome of the survey this year.

"The findings reflect the situation in the private market," Wong said.

RECENT NEWS

Is Hong Kongs Default Life Insurance Choice A Wealth Drain?

Hong Kong is a city that takes financial security seriously, boasting one of the highest insurance penetration rates in... Read more

RedotPay Secures $107M Series B, Total Funding Hits $194M

RedotPay, a global stablecoin-based payment fintech, has closed a US$107 million Series B round, bringing its total cap... Read more

91% Of Hong Kong Merchants Lose Revenue To Payment Friction

Aspire has released its Hong Kong Ecommerce Pulse Check 2025, highlighting that while mid-sized ecommerce merchants rem... Read more

Do Kwon Faces Possible Trial In Korea After US Conviction

Do Kwon, the crypto tycoon behind the 2022 collapse of TerraUSD and Luna, caused an estimated US$40 billion in investor... Read more

Startale, SBI Holdings To Develop Japans Regulated Yen Stablecoin

Startale Group and SBI Holdings have signed a MoU to jointly develop and launch a fully regulated Japanese yen-denomina... Read more

KakaoBank Expands In Indonesia Through Superbank Partnership

KakaoBank, South Korea’s largest internet-only bank, is accelerating its global expansion through a deepened partners... Read more