Union Calls For 4.65pc Pay Hike For All Govt Workers

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

Related News Programmes

"); });

2023-06-07 HKT 16:53

Share this story

facebook

  • Union calls for 4.65pc pay hike for all govt workers

A civil service union said on Wednesday that it will ask the administration to offer an across-the-board, 4.65 percent pay rise to all civil servants.

The Chinese Civil Servants’ Association made the call after meeting with authorities to discuss the Executive Council’s proposal for a 2.87 percent pay increase for senior civil servants and a 4.65 percent rise for middle and lower-ranking staff.

The association's president, Li Kwai-yin, said the group decided to ask for a lower increment than the across-the-board hike of 5.1 percent it had previously called for, after considering social harmony and the government's fiscal position.

She said giving senior staff a bigger pay rise has a lot of benefits.

"The number of senior-ranking civil servants isn't that large. If we propose an across-the-board 4.65 percent hike for senior, middle and junior staff, the government can handle it financially, and it may have a multiplier effect," Li said.

But Exco convenor Regina Ip said the administration is not in a position yet to provide bigger pay rises for top government workers.

"We are not yet in the state of robust recovery. Secondly, the level of inflation is about two percent, and the government's fiscal position, our reserves are down to about HK$800 billion, which is only adequate for use for 12 months," Ip said.

"When the final pay package is approved, it will cost us over HK$10 billion."

Exco will make a final decision on the pay hike proposal before submitting it to the Legislative Council.

If approved, the increment will take effect retroactively from April 1.

RECENT NEWS

EDENA Unveils AI System To Automate Sovereign Asset Settlement

At the DAT Summit Hong Kong, EDENA Capital Partners launched the Autonomic Financial OS. The company describes it as an... Read more

Naver Exposes 15,000 Knowledge IN Users Activity, Moves To Improve Privacy Controls

Naver has announced measures following an incident in which around 15,000 users’ activity histories on Knowledge iN w... Read more

Japans PayPay Files For US IPO, Targets Valuation Above US$10B

SoftBank‘s digital payments unit, PayPay, has filed publicly for a US IPO. The listing could be the largest by a Japa... Read more

Inference Research Launches In Hong Kong With US$20M Seed Funding

Inference Research, an AI-native quantitative trading firm based in Hong Kong, has announced its launch and the expecte... Read more

London-Based Unlimit Appoints Michele Fung To Lead APAC Expansion

London-based fintech company Unlimit, which provides a broad range of financial technology services, has appointed Mich... Read more

SoFi Launches Digital Asset Trading In Hong Kong Through OSL Partnership

SoFi Securities (Hong Kong) (SoFi Hong Kong) and OSL Group have announced a partnership to offer digital asset trading ... Read more