Panel Endorses Proposed Pay Rises For Civil Servants
"); jQuery("#212 h3").html("

"); });
2022-05-25 HKT 17:55
Members of the government-appointed Pay Trend Survey Committee on Wednesday endorsed the proposed pay rises of up to 7.26 percent for civil servants, amid criticism that the figures were out of touch.
The latest survey released last week recommended salary increases of 2.04 percent for junior civil servants, 4.55 percent for middle-ranking workers and 7.26 percent for senior staff.
Speaking to reporters after meeting with various civil service unions to confirm the results, committee chairman Lee Luen-fai said the survey findings – which took into account the changes in salaries of nearly 130,000 employees in some 110 companies in the past year – were "real, objective and accurately reflected the market situation."
He said the firms that responded to the survey were generally "steady and good" employers.
"The government is a steady organisation, we don't want the government to be like some small and medium-sized enterprises that could close now and then. I am not saying there are problems with the SMEs, but companies that change their structures frequently may not be a good comparison," Lee said.
The government will next study the findings and consider a range of factors, such as the state of Hong Kong's economy, the government's fiscal position, inflation and civil service morale, before deciding the final pay awards.
The salaries of the 180,000-strong civil service had been frozen in the past two years because of the coronavirus pandemic.
FWD Group Announces Board Changes With 3 New Appointments
FWD Group, a multinational insurance company based in Hong Kong, has announced the appointment of Andrew Weir, Dominic ... Read more
Standard Chartered, Animoca And HKT Launch HKD Stablecoin Joint Venture
On 17 February 2025, Standard Chartered Bank (Hong Kong) Limited (SCBHK), Animoca Brands, and HKT announced their partn... Read more
APAC Remitters, Be Ready For A New Era In Cross-Border Money Movement
With its estimated US$1.6 trillion in cross-border payments, the APAC region is poised to benefit significantly from th... Read more
HashKey Group Secures $30M Investment From Chinese Tech Investor Gaorong Ventures
Gaorong Ventures, an early backer of major Chinese internet firms like Meituan and PDD Holdings Inc., has made a $30 mi... Read more
Aspire Launches Visa Corporate Card For Hong Kong SMBs
Aspire, a Singapore-based fintech company, has introduced a Visa corporate card designed for small and medium-sized bus... Read more
How Can Banks Maintain Growth Momentum In The AI Everywhere Era?
Asian banks need technology investments such as AI to continue their growth momentum. The industry is robust, with 19 o... Read more