With Hong Kong inflation at close to 6 per cent, many employees anticipating a wage increase to keep pace with rising prices are out of sync with their employers.
According to the 2011 Hays Salary Guide, 59 per cent of Hong Kong employers intend to increase salaries in their next review by between 3 per cent and 6 per cent, while 18 per cent will offer increases above 6 per cent. Meanwhile, 23 per cent intend to increase salaries by less than 3 per cent.
Feedback from 541 employees in Hong Kong and China showed that 26 per cent expect their salary to rise by less than 3 per cent. Meanwhile, 29 per cent expect an increase of between 3 per cent and 6 per cent, and 45 per cent expect an increase above 6 per cent.
Emma Charnock, regional director of Hays in Hong Kong and China, says plans of employers to raise salaries vary across industries. "Middle office roles such as compliance and ri