Panel Endorses Proposed Pay Rises For Civil Servants
"); jQuery("#212 h3").html("

"); });
2022-05-25 HKT 17:55
Members of the government-appointed Pay Trend Survey Committee on Wednesday endorsed the proposed pay rises of up to 7.26 percent for civil servants, amid criticism that the figures were out of touch.
The latest survey released last week recommended salary increases of 2.04 percent for junior civil servants, 4.55 percent for middle-ranking workers and 7.26 percent for senior staff.
Speaking to reporters after meeting with various civil service unions to confirm the results, committee chairman Lee Luen-fai said the survey findings – which took into account the changes in salaries of nearly 130,000 employees in some 110 companies in the past year – were "real, objective and accurately reflected the market situation."
He said the firms that responded to the survey were generally "steady and good" employers.
"The government is a steady organisation, we don't want the government to be like some small and medium-sized enterprises that could close now and then. I am not saying there are problems with the SMEs, but companies that change their structures frequently may not be a good comparison," Lee said.
The government will next study the findings and consider a range of factors, such as the state of Hong Kong's economy, the government's fiscal position, inflation and civil service morale, before deciding the final pay awards.
The salaries of the 180,000-strong civil service had been frozen in the past two years because of the coronavirus pandemic.
Ant International And Bank Of China Partner To Enhance Cross-Border Payment Connectivity
Ant International and Bank of China (Hong Kong) (“BOCHK”) announced a partnership which leverages BOCHK’s banking... Read more
BitGo Korea Gets Green Light For Virtual Asset Custody, Backed By SK Telecom
BitGo Holdings, Inc. (BitGo) announced that its subsidiary, BitGo Korea, Inc. (BitGo Korea), received its Virtual Asset... Read more
Webinar: When Account Takeover Moves Past Onboarding
Account takeover shows why fraud risk cannot be treated as an onboarding problem. Fraudsters are using stolen credentia... Read more
JCB To Trial Stablecoin Payments In Japan With Digital Garage And Lawson
JCB Co., Ltd. (JCB), Digital Garage, Inc. (Digital Garage), and Lawson, Inc. (Lawson) announced that they have jointly ... Read more
Bonnie Chan To Lead HKEX Until Feb 2030 After Securing Second Term
The HKEX Board of Directors has approved the renewal of the employment contract of Hong Kong Exchanges and Clearing Lim... Read more
Ripple Signs Its First Korean Regional Bank In Cross-Border Remittance Deal
Ripple, a blockchain-based enterprise solutions provider for traditional and digital finance, announced a partnership w... Read more
