
6 in 10 Hong Kong bosses to hike salaries up by 3-6%
And they're becoming more performance-oriented.
With salaries under pressure, employers in Hong Kong have turned to bonuses based on performance to reward their top achievers this year, findings in the recently released 2015 Hays Asia Salary Guide show.
According to a release from Hays, the survey of 2,361 employers, representing over four million (4,017,026) employees, found that 63 percent of employers in Hong Kong will increase salaries by a moderate 3 to 6 percent.
However, 51 percent will award bonuses to more than 50 per cent of their staff this year.
Here's more from Hays:
In the majority of cases these bonuses are related to employee performance (80 per cent) and employer performance (73 per cent).
This shows that employers are using performance-related bonuses to ensure they only reward employees who are achieving results.
Only 11 per cent of employers said bonuses are guaranteed, while 4 per cent said they are related to hours billed.