'Pay Decision Doesn't Take Shine Off Government Jobs'
"); jQuery("#212 h3").html("

"); });
2022-07-13 HKT 13:02
The government on Wednesday dismissed suggestions that the civil service might become a less attractive career option in light of planned 2.5-percent across-the-board pay rises this year.
The government-appointed Pay Trend Survey Committee had suggested salary increases of 2.04 percent for junior civil servants, 4.55 percent for middle-ranking workers and 7.26 percent for senior staff, following a two-year pay freeze.
At a Legco panel meeting, finance sector lawmaker Ronick Chan noted that some people believe the civil service has now become less attractive as a career option given “the departure from the pay trend indicators”.
In response, Civil Service Secretary Ingrid Yeung said that she was not worried about the turnover of civil servants.
“Some civil servants will certainly resign to take up other jobs, but the civil service remains attractive,” she said.
“When we have, say, dozens of jobs on offer, we receive thousands of applications. So, we are not very concerned about the attractiveness of civil service jobs just because of the pay rise in one or two particular years,” said Yeung.
She added that she hopes Legco’s finance committee will scrutinise the funding application for the planned pay adjustment at a special meeting on July 22.
SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion
SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more
4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA
The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more
Ripple Launches RLUSD Stablecoin In Japan Through SBI Group
Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more
SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan
SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more
Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences
Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more
European And South Korean Banks Form Project Pangea For FX Settlement
Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more