Forecast of lower rises for HK workers
27-11-2008
The projected average salary increase for Hong Kong workers next year has sunk to 2.7 percent because of the economic downturn. That's the finding of a survey of over 100 local companies by the global human resources consulting and outsourcing company, Hewitt Associates. A survey it did from June to September arrived at a figure of 5.2 percent. The poll also revealed that 16 percent of companies intend to freeze salaries. About two-thirds plan to review staff travel, recreation and training expenses. But top performers in firms are expected to benefit more than other workers.
