Centre for Human Resources Strategy and Development

Annual Pay and Benefits Survey

Annual Pay and Benefits Survey

Hong Kong Baptist University and the Hong Kong People Management Association (HKPMA) has jointly conducted the pay and benefits survey annually since 1996. The South China University of Technology and Talent Development and Management Association of Guangdong have joined in 2019 and 2020 respectively. The targeted region of this survey is Guangdong-Hong Kong-Macao greater bay area, including the nine cities in the Guangdong Province, Hong Kong SAR and Macao SAR.
 
This survey aims to reveal the timely and updated information of pay and benefits provided by organizations from different sectors and cities in the surveyed regions. Major topics include salary adjustment, starting salary of fresh graduates, turnover rate, incentive schemes, employees’ benefits and cash compensation of around 300 surveyed positions, etc. From 2021 onward, we investigate the detailed cash compensation package of 15 key benchmarks jobs, aiming to establish a salary index.
 

 
  2017 2018 2019 2020 2021 2022 2023
No. of participating organizations 96 99 97 253 302 281 292
No. of employees covered 115,496 120,745 106,619 136,000 220,000 213,676 182,935

Our report reveals the updated pay and benefits, and human resources practices in different industries or cities investigated. Findings in this survey are references for organizations in human resources related decision making. Key results of the Hong Kong survey are shown in the tables below.

 
  2017 2018 2019 2020 2021 2022 2023
Salary adjustment (%) 3.9% 4.2% 4.1% 2.3% 1.8% 3.1% 3.7%
Employee turnover (%) 26.4% 28.4% 19.4% 13.5% 18.0% 18.6% 21.0%


Starting monthly salary for fresh graduates of bachelor degree

Functional Areas 2017 2018 2019 2020 2021 2022 2023
Construction 17,814  /   /   /   /   /   /
Engineering 14,699 15,924 17,010 16,825 17,206 18,495 20,950
Production 12,839 13,876 14,455 14,291 15,183 16,083 18,000
Marketing 13,350 14,086 14,578 14,676 14,819 16,936 17,262
Sales 13,257 13,367 13,376 13,846 14,429  17,249  18,900
IT 14,983 15,513 15,889 16,500 16,287 18,266 18,868
Finance and Accounting 13,400 14,156 14,673 15,413 15,604 17,144 17,670
HR and Admin 12,977 13,532 14,104 14,642 14,666 15,939 17,043


Timeline:

Registration: 1 June – 30 June
Completion of survey(s) by organizations: 1 July – 31 July
Survey period: from 1 July of the previous year to 30 June of the current year
Result Presentation & HR Seminar: October
 

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