content · each job position in 2017 and compensation and/or benefits provided. the data was...
TRANSCRIPT
jobsDB.com | PAGE 2jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
ContentIntroduction ………………………………………………………………………………...………………………. 10
Scope and methodology .…….…………………………………………………………………………………… 11-12
Chart Size of participating companies
Definitions …………………………………………………………………………………………..………............ 13-14
1. Hiring plan and market expectation
1.1 Expectation on employment market in 2017 ……..…………………………………................... 15
Chart Expectation on employment market in 2017
1.2 Predicted change in headcount in 2017 ……..……….……………………………….................. 16
Chart Predicted change in headcount in 2017
1.3 Hiring plan in Q4 2016 ….........................................….……………………………….................. 17
Chart Hiring plan comparison
jobsDB.com | PAGE 3jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
Content (con’t)1.4 Purpose of Hiring Staff (Q4 2016) ….……………….………………..………………..................... 18
Chart Purpose of hiring staff
1.5 Reasons to replace the current staff (Q4 2016) ….……………………………….…................... 19
Chart Reasons to replace the current staff
1.6 What level of staff would be hired ………….…………………………………….………............... 20
Chart What level of staff would be hired
1.7 What job function of staff would be hired ……………..….………………………….……........... 21
Chart What job function of staff would be hired
1.8 Difficulty to recruit new staff VS same period last year …..….……………………................. 22
Chart Difficulty to recruit new staff VS same period last year
1.9 Companies searched for passive candidates …………..……………………………….............. 23
Chart Companies searched for passive candidates
jobsDB.com | PAGE 4jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
Content (con’t)1.10 Successful rate of having passive candidates accept offer .….………………..................... 24
Chart Successful rate of having passive candidates accept offer
1.11 Job offers given put in the past 12 months being turned down ….…………....................... 25
Chart Job offers given put in the past 12 months being turned down
1.12 Reasons for turning down offers ………….…………….………………………………............... 26
Chart Reasons for turning down offers
1.13 Most important criteria when considers giving out offers ……………..….………................ 27
Chart Most important criteria when considers giving out offers
1.14 Resources on employer’s branding ………………………………………..….………................ 28
Chart Online channels and Offline channels
jobsDB.com | PAGE 5jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
Content (con’t)2. Pay adjustment prediction in 2017
2.1 Distribution of pay adjustment prediction in 2017 ….……………………………..................... 29
Chart Distribution of predicted monthly salary adjustment in 2017
2.2 Pay adjustment – by business sector ….………………………………………………................. 30
Chart Percentage of monthly salary adjustment in 2017 – by business sector
jobsDB.com | PAGE 6jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
Content (con’t)2.3 Pay adjustment prediction in 2017 – by job positions …………..……………............................... 31
Chart Monthly salary adjustment in 2017 – Accounting ………...…………………………………… 31-32
Chart Monthly salary adjustment in 2017 – Banking & Finance ….………………………………… 33-34
Chart Monthly salary adjustment in 2017 – Clerical / Secretarial / Operation ..……...……..…..… 35-36
Chart Monthly salary adjustment in 2017 – Design ……………………………….………….……… 37-38
Chart Monthly salary adjustment in 2017 – Engineering ……………………….……….......…..….. 39-40
Chart Monthly salary adjustment in 2017 – Executive / General Management ……...……..…..… 41-42
Chart Monthly salary adjustment in 2017 – Human Resources & Administration .………….…..… 43-44
Chart Monthly salary adjustment in 2017 – Information Technology ………………..……..…...….. 45-46
Chart Monthly salary adjustment in 2017 – Logistic ……………...…..……………......…....…...….. 47-48
Chart Monthly salary adjustment in 2017 – Marketing …………………..……………...………...…. 49-50
Chart Monthly salary adjustment in 2017 – Merchandising ………………..……………...……...…. 51-52
Chart Monthly salary adjustment in 2017 – Retail Operations ………...……………..…………...… 53-54
Chart Monthly salary adjustment in 2017 – Sales ………………………..……..……….………....... 55-56
jobsDB.com | PAGE 7jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
Content (con’t)3. Bonuses
3.1 Performance bonus …………………………………………………………………….................................. 57
Chart Percentage of companies providing performance bonus in 2016
Chart Percentage of companies providing guaranteed performance bonus in 2016
3.1.1 Performance bonus in 2016 – by business sectors ……….………………….………….......... 58
3.1.2 Predicted performance bonus in 2017 – by business sectors
Chart Comparison of performance bonus provided in 2016 & 2017
- by business sectors ………….……………………………...……………….…….. 59
3.1.3 Performance bonus in 2016 – by employee levels ……..….………….……………..…..…….. 60
3.1.4 Predicted performance bonus in 2017 – by employee levels
Chart Comparison of performance bonus provided in 2016 & 2017
- by employee levels ……………………………………..……………….….…….… 61
3.1.5 Number of performance bonus issued per year ……..….………….……………..…..…….….. 62
3.1.6 Month of issue for performance bonus ……..….…………………….……………..…..…….….. 63
jobsDB.com | PAGE 8jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
Content (con’t)4. Benefits
4.1 Leaves
4.1.1 Annual leave in 2016 – by employee levels …...…………………………………….......... 64
Chart Annual leave provided in 2016 – by employee levels
4.1.2 Handling unused annual leave ……………………..………………………………….......... 65
Chart Dealing with unused annual leave
4.1.3 Sick leave ………………………………………………….……………………………….......... 66
Chart Payment for sick leave in 2016
4.1.4 Special leave ……..…………………………………………………………….………….......... 67
Chart Special leaves in 2016 …………………………………………….………………… 68
jobsDB.com | PAGE 9jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
Content (con’t)
4.2 Health related benefits ….…………………………………..…………………………………...................... 69
Chart Health related benefits in 2016 ……………………………………………………………… 70
4.3 Family related benefits ….…………………………………..…………………………………...................... 71
Chart Family related benefits in 2016 ……………………………………………………………… 72
4.4 Accommodation related benefits ….………………………………...………………………...................... 73
Chart Accommodation related benefits in 2016 …………………………………………………... 74
4.5 Other benefits ….…………………………………..………………………………….................................... 75
Chart Other benefits in 2016 …………………………….………………………………………..… 76
Conclusion ……..……………………………………………………….…………………………………….…….. 77-78
jobsDB.com | PAGE 10jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
To assist HR professionals devise their human resources plans for next year, jobsDB conducted a
Hiring, Compensation & Benefits Survey at the end of 2016. The most updated information from 127
corporations of different business sectors in Hong Kong is obtained. A report is compiled to provide
valuable prediction on hiring intention, salary trend and benefits adjustment for 2017.
Introduction
Disclaimer
The information provided in this report is for reference only. Whilst jobsDB endeavors to ensure the accuracy of the information in this report, no express or implied
warranty is given by jobsDB as to the accuracy of the information. jobsDB shall not be liable for any damages (including, without limitation, damages for loss of
business or loss of profits) arising in contract, tort or otherwise from the use of or inability to use this report, or any material contained in it, or from any action or
decision taken as a result of using this report or any such material.
jobsDB.com | PAGE 11jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
1. Objective
The aim of this survey is to collect information about the hiring plan of companies in Hong Kong. The pay trend of full-time employees
working in different business sectors between 2016 and 2017 were also collected for analysis. These findings will help companies make
informed hiring decisions and provide useful data on pay/benefits adjustment.
2. Survey coverage
The survey covered 127 companies from 25 business sectors. Only full-time salaried employees working in Hong Kong were surveyed.
Expatriates, part-time and temporary employees were excluded. Among the surveyed companies, 71% of the companies employ less than
50 staff, 14% employ 50-100 staff, 9% employ 101-200 staff, and 6% employ more than 200 staff.
Scope and Methodology
Less than 50 employees
71%
50 - 100 employees
14%
101 - 200 employees
9%
More than 200 employees
6%
Size of Participating Companies(No. of Participating Companies = 127)
jobsDB.com | PAGE 12jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
3. Datum Point
Basic monthly salary (excluding any bonuses, but including commission) of surveyed companies as at 1 September 2016 was recorded
and predicted adjustment of basic monthly salary in 2017 was captured. The compensation and benefits in 2016 and 2017 were also
surveyed.
4. Data Collection Method
The survey was conducted through an online questionnaire. Companies were invited to fill in the questionnaire through email from 6 to
23 September 2016.
5. Data Analysis
Surveyed companies were requested to provide data of basic monthly salary of each job position in 2016, predicted salary adjustment of
each job position in 2017 and compensation and/or benefits provided.
The data was analyzed to determine the “average”, “median”, “25th percentile”, “75th percentile”, or “percentage” for basic monthly salary.
For predicted salary adjustment, annual leave and performance bonus, “average” was to be determined. For other compensation or
benefits, “percentage” was to be determined.
Separate analyses were carried out by grouping the surveyed companies according to their business sector or size, or grouping job
positions according to job functions.
Scope and Methodology (con’t)
jobsDB.com | PAGE 13jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
Basic monthly salary (HK$): the present monthly salary excluding any bonuses (both guaranteed and non-guaranteed bonuses) but
including commission in a particular job position. The present salary was recorded as at 1 September 2016.
Predicted adjustment (%): the predicted adjustment of a basic monthly salary in a particular job position in 2017.
Employees: it refers to those full-time salaried employees working in Hong Kong only. Expatriates, part-time and temporary employees
are excluded.
Employee level: employees are grouped into four categories based on their field’s experience:
1.Top / Senior Management
2.Middle Management / Non-managerial Professionals
3.Supervisory / Officers
4.Clerical / Frontline
Definitions
jobsDB.com | PAGE 14jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
Average: a mathematical average of a set of data values (basic monthly salaries, percentage adjustments, number of annual leave, and
performance bonus). Arithmetic average will not be provided when number of the respondents used in calculation is 2 or less.
Median*: a middle number of a set of data values (basic monthly salaries and percentage adjustments) which divides the whole set into
halves.
25th percentile (1st quartile)*: it is the number of a set data values (basic monthly salaries) which cuts off the lowest 25% of data.
75th percentile (3rd quartile)*: it is the number of a set data values (basic monthly salaries) which cuts off the highest 25% of data.
Inter-quartile Range (Q-range)*: the difference between the data values at the 25th and 75th percentiles and is a measure of statistical
dispersion.
*Above statistics will not be provided when number of the respondents used in calculation is less than 2.
Definitions (con’t)
jobsDB.com | PAGE 15jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
1.1 Expectation on employment market in 2017
More than half (51%) of the surveyed companies expected that the employment market in 2017 will be less active than 2016, while only33% of them expected the market will be about the same as current.
1. Hiring Plan and Market Expectation
More active than current
10%
Less active than current
51%
About the same as current
33%
Not sure6%
Expectation on Employment Market in 2017
jobsDB.com | PAGE 16jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
1.2 Predicted change in headcount in 2017
More than half (56%) of the surveyed companies predicted they will increase headcount in 2017, while only 6% of them think theheadcount will drop.
1. Hiring Plan and Market Expectation
Increase Headcount56%
Decrease Headcount6%
No Change38%
Predicted change in headcount in 2017
jobsDB.com | PAGE 17jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
1.3 Hiring plan in Q4 2016
Among the respondents, 54% said they would hire staff in Q4 2016, representing a slight increase of 4% when compared with the sameperiod last year (50%). 25% of respondents said they would freeze their hiring process, which remains stable as last year. Furthermore, 3%of respondents plan to cut head count.
1. Hiring Plan and Market Expectation
Remarks: Sum of percentages may not equal 100% due to roundingRemarks: Sum of percentages may not equal 100% due to rounding
* Questionnaire wordings changed from “freeze head count” to “freeze hiring process” from 2014
2012 2013 2014 2015 2016
We will hire staff 63% 55% 64% 50% 54%
We will cut head count 2% 2% 4% 6% 3%
We will freeze hiring process* 25% 19% 12% 25% 25%
No plan yet 11% 24% 20% 19% 18%
0%
20%
40%
60%
80%
100%
% o
f C
om
pan
ies
Hiring Plan Comparison
jobsDB.com | PAGE 18jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
1.4 Purpose of Hiring Staff (Q4 2016)
The majority of the surveyed companies said that the purpose of hiring staff is to increase headcount to meet business needs (66%) andreplace resigned staff (57%). A small portion (18%) said they would hire to replace current staff.
1. Hiring Plan and Market Expectation
66%
57%
18%
3%
0%
20%
40%
60%
80%
100%
Increase headcount to meetbusiness needs
Replacement for resignedstaff
Replacement for current staff Others
% o
f C
om
pan
ies
Purpose of Hiring Staff
54% of companies would hire staff in Q4 2016
jobsDB.com | PAGE 19jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
1.5 Reasons to replace the current staff (Q4 2016)
For the companies that would hire staff to replace current staff, most of them said the reasons are for the current unsatisfactoryperformance (58%) and lack of job motivation (58%).
1. Hiring Plan and Market Expectation
58%
42%
50%
58%
8% 8%
25%
0%
20%
40%
60%
80%
100%
Unsatisfactoryperformance
Inadequateability
Poor workingattitude
Lack of jobmotivation
Dishonesty /Lack of
integrity
Other forms ofmisbehaviour
Others
% o
f C
om
pan
ies
Reasons to replace the current staff
9% of companies would hire staff to replace current staff in Q4 2016
jobsDB.com | PAGE 20jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
1.6 What level of staff would be hired (Q4 2016)
For the companies that would hire new staff, most of them were going to hire for Management / Non-managerial /(56%) and / Frontline (56%). Employers who were going to hire / Senior have decreased from 201516% to 2016 7%.
1. Hiring Plan and Market Expectation
7%
56%
40%
56%
0%
20%
40%
60%
80%
100%
Top / Senior Management Middle Management /Non-managerial /
Professionals
Supervisory / Officers Clerical / Frontline Staff
% o
f C
om
pan
ies
What level of staff would be hired
54% Companies would hire staff in Q4 2016
jobsDB.com | PAGE 21jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
1.7 What job function of staff would be hired (Q4 2016)
For the companies that would hire new staff, the three most sought after job functions are (22%), (19%) and &(16%).
1. Hiring Plan and Market Expectation
22%
16%
15%
1%
4%
3%
1%
13%
9%
19%
3%
6%
3%
13%
3%
0%
9% 9%
4%
0% 0%
3%
9%
3%
0%
5%
10%
15%
20%
25%
% o
f C
om
pan
ies
What job function of staff would be hired
54% Companies would hire staff in Q4 2016
jobsDB.com | PAGE 22jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
1.8 Difficulty to recruit new staff VS same period last year (Q4 2016)
For the companies that would hire new staff in Q4 2016, nearly half (47%) predicted the hiring difficulty would be about the samecompared to the same period last year, while 41% thought it would become more difficult.
1. Hiring Plan and Market Expectation
3%
41%
47%
9%
0%
20%
40%
60%
80%
100%
Easier More difficult About the same Did not recruit staff in thesame period last year
% o
f C
om
pan
ies
Difficulty of recruiting new staff compared to same period last year
54% of companies would hire staff in Q4 2016
jobsDB.com | PAGE 23jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
1.9 Companies searched for passive candidates
In addition of receiving job applications from active candidates, 54% of surveyed employers said they had searched for passive candidatesby online portals or referrals in the past year, greatly jumped from last 39%.
1. Hiring Plan and Market Expectation
Yes54%
No46%
Companies searched for passive candidates
jobsDB.com | PAGE 24jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
1.10 Successful rate of having passive candidates accept offer
For the companies that have searched for passive candidates in 2016, only one-fourth (26%) said the successful rate that the candidateswould accept the offer was higher than 50%.
1. Hiring Plan and Market Expectation
0%13%
1-9%26%
10-20%16%
21-50%19%
51-70%11%
71-90%9%
Above 91%6%
Succcessful rate of having passive candidates to accept offer
jobsDB.com | PAGE 25jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
1.11 Job offers given put in the past 12 months being turned down
In the past 12 months, nearly two-third (65%) of surveyed employers have given out job offers that were later turned down.
1. Hiring Plan and Market Expectation
Yes65%
No35%
Job offers given out in the past 12 months being turned down
jobsDB.com | PAGE 26jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
1.12 Reasons for turning down offers
A great majority (83%) of the candidates who had turned down offers said they had accepted another job offer. Other reasons includeterms of the offer are (51%) and to stay at the current (45%).
1. Hiring Plan and Market Expectation
83%
51%
45%
10%
10%
7%
6%
5%
4%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90%
Have accepted another job offer
The terms of the offer are unsatisfactory
Prefer to stay at the current company
The work itself is too difficult or too easy
The corporate culture doesn’t feel right
Others
There’s too much travel required in the job
The commute to work is too long
Being worried about not getting along with the new manager
% of Companies
Reasons of turning down offers
66% companies givenoffers in the past 12 monthsand have been turned down
jobsDB.com | PAGE 27jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
1.13 Most important criteria when considers giving out offers
Most (87%) of the employers thought relevant work is one of the top three criteria when giving out offers.is often considered (52%), but it is not a top concern for many employers.
1. Hiring Plan and Market Expectation
43%
17%
9%
14%
6%
7%
1% / 1%
31%
20%
17%
12%
13%
5%
13%
15%
23%
13%
18%
8%
1% / 3% / 2%
2% / 4%
1% / 3%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Candidate’s relevant work experience
Candidate’s qualification
Candidate’s expected package
Candidate’s style/ personality fit with the company culture
Candidate’s record of job stability
Hiring manager’s decision
Candidate’s capability of demonstrating a clear picture on career goals
Assessment result
Referral’s recommendation
HR decision
% of Companies
Most important criteria when giving out offers
Rank 1 Rank 2 Rank 3
66% companies givenoffers in the past 12 monthsand have been turned down
jobsDB.com | PAGE 28jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
1.14 Resources on employer’s branding
Only 35% of HR teams had used online channels to communicate or develop the company's employer branding for recruitment andretention purpose in the past year; while only 28% did so with offline channels.
1. Hiring Plan and Market Expectation
Yes35%
No52%
Not Sure13%
Online channels(such as blogging, social media, and online
discussion boards…etc)
Yes28%
No57%
Not Sure15%
Offline channels(such as recruitment talks and recruitment
hotline…etc)
jobsDB.com | PAGE 29jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2.1 Distribution of pay adjustment prediction in 2017
74% of the employers are planning a pay rise in 2017, which is less than last 79%. Most (34.9%) of the employees will receive a4.1-5% salary rise. The overall average pay adjustment will be 3.7%.
2. Pay Adjustment Prediction in 2017
Remarks: Sum of percentages may not equal 100% due to rounding
0.2%
25.4%
0.0%2.3%
16.2%
9.7%
34.9%
1.2%
10.0%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
50.0%
<0% 0 0.1-1% 1.1-2% 2.1-3% 3.1-4% 4.1-5% 5.1-6% over 6%
% o
f ad
just
me
nt
Distribution of Predicted Monthly Salary Adjustment in 2017
74% employees will received a predictedhigher monthly salary in 2017
jobsDB.com | PAGE 30jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2.2 Pay adjustment – by business sector
In terms of business sectors, is going to have the highest average increase of monthly salary in 2017 (5.9%),followed by / (5.8%) and (5.5%).
2. Pay Adjustment Prediction in 2017
3.0%
5.9%
3.9%4.4%
2.9% 2.8%3.3%
5.8%
3.6% 3.7%
4.9%
2.6%
0.8%
4.5%3.9%
5.5%
4.5%
1.7%
Overall Adjustment3.7%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
% o
f ad
just
me
nt
Percentage of Monthly Salary Adjustment in 2017 - by Business Sector
Remarks: Business sector with less than 2 companies and less than 10 employees are not shown
jobsDB.com | PAGE 31jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
2016
Average $108,109 $61,038 $44,664 $35,945 $27,182 $19,961 $14,470
Median $80,000 $56,000 $44,000 $35,000 $28,000 $20,000 $14,400
Q-Range $58,000-$130,000 $44,600-$72,000 $35,600-$49,000 $31,200-$35,000 $23,000-$30,367 $17,200-$21,600 $12,000-$16,000
2017 Average $111,135 $62,972 $45,987 $36,701 $28,359 $20,527 $14,903
108,109
61,038
44,664
35,945
27,182
19,96114,470
111,135
62,972
45,987
36,701
28,359
20,52714,903
0
20,000
40,000
60,000
80,000
100,000
120,000
CFO / FinancialDirector
Financial Controller Accounting / FinanceManager
Chief Accountant Accountant / SeniorAccountant
Assistant Accountant Accounting Clerk /Officer
HK
$
Average Monthly Salary - 2016 (Actual) vs 2017 (Predicted)(Accounting - by job positions)
2016 (Actual) 2017 (Predicted)
2.3 Pay adjustment – by job positions
jobsDB.com | PAGE 32jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
3.4%
3.0% 3.1%
2.2%
4.2%
2.9%
3.2%
Overall Adjustment3.4%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
CFO / FinancialDirector
Financial Controller Accounting /Finance Manager
Chief Accountant Accountant / SeniorAccountant
AssistantAccountant
Accounting Clerk /Officer
%A
dju
stm
en
t
Average Predicted Percentage of Monthly Salary Adjustment(Accounting - by job positions)
jobsDB.com | PAGE 33jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
2016
Average $54,167 $57,000 $28,260
Median $40,000 $31,000 $21,000
Q-Range $30,000-$70,000 $12,000-$35,000 $19,400-$34,000
2017 Average $55,873 $58,623 $29,237
54,16757,000
28,260
55,87358,623
29,237
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
Compliance Manager Company Secretary Company Secretary Officer / Assistant
HK
$
Average Monthly Salary - 2016 (Actual) vs 2017 (Predicted)(Banking & Finance - by job positions)
2016 (Actual) 2017 (Predicted)
jobsDB.com | PAGE 34jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
2.8%
4.8%
2.9%
Overall Adjustment2.9%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
Compliance Manager Company Secretary Company Secretary Officer / Assistant
%A
dju
stm
en
t
Average Predicted Percentage of Monthly Salary Adjustment(Banking & Finance - by job positions)
jobsDB.com | PAGE 35jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
2016
Average $12,932 $13,529 $13,885 $30,710 $20,752 $40,386 $24,634 $27,368 $14,833
Median $14,000 $11,000 $13,000 $30,000 $20,000 $34,000 $21,200 $23,000 $13,500
Q-Range $10,500-$15,000 $10,000-$13,000 $11,000-$15,000 $24,000-$35,000 $16,500-$25,000 $30,000-$42,000 $20,000-$25,000 $15,000-$30,000 $12,000-$15,000
2017 Average $13,295 $14,007 $14,291 $31,607 $21,374 $41,886 $25,424 $28,613 $15,539
12,932 13,529 13,885
30,710
20,752
40,386
24,634
27,368
14,83313,295 14,007 14,291
31,607
21,374
41,886
25,424
28,613
15,539
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
Clerk Office Assistant Receptionist ExecutiveSecretary
Secretary OperationsManager
AssistantOperationsManager
OperationsOfficer
OfficeAdministrator
HK
$
Average Monthly Salary - 2016 (Actual) vs 2017 (Predicted)(Clerical / Secretarial / Operation - by job positions)
2016 (Actual) 2017 (Predicted)
jobsDB.com | PAGE 36jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
3.3%3.1%
2.7% 2.7% 2.8%
4.0%
3.6%
4.6%
4.8%
Overall Adjustment3.4%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
Clerk Office Assistant Receptionist ExecutiveSecretary
Secretary OperationsManager
AssistantOperationsManager
OperationsOfficer
OfficeAdministrator
%A
dju
stm
en
t
Average Predicted Percentage of Monthly Salary Adjustment(Clerical / Secretarial / Operation - by job positions)
jobsDB.com | PAGE 37jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
2016
Average $22,278 $17,188
Median $20,000 $15,000
Q-Range $15,000-$27,500 $14,000-$20,000
2017 Average $23,264 $18,112
22,278
17,188
23,264
18,112
0
5,000
10,000
15,000
20,000
25,000
Senior Designer Graphic / Fashion / Interior / Web Designer
HK
$Average Monthly Salary - 2016 (Actual) vs 2017 (Predicted)
(Design- by job positions)
2016 (Actual) 2017 (Predicted)
jobsDB.com | PAGE 38jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
4.5%
5.1%
Overall Adjustment4.7%
4.2%
4.3%
4.4%
4.5%
4.6%
4.7%
4.8%
4.9%
5.0%
5.1%
5.2%
Senior Designer Graphic / Fashion / Interior / Web Designer
%A
dju
stm
en
t
Average Predicted Percentage of Monthly Salary Adjustment(Design - by job positions)
jobsDB.com | PAGE 39jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
2016
Average $44,400 $37,280 $30,422 $23,926 $18,132
Median $38,000 $40,000 $32,250 $17,000 $18,000
Q-Range $30,000-$50,000 $25,500-$45,000 $25,000-$35,000 $17,000-$25,000 $18,000-$18,000
2017 Average $46,081 $38,377 $31,237 $24,521 $18,616
44,400
37,280
30,422
23,926
18,132
46,081
38,377
31,237
24,521
18,616
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
Engineering Manager Senior Engineer Engineer Assistant Engineer Technician
HK
$Average Monthly Salary - 2016 (Actual) vs 2017 (Predicted)
(Engineering - by job positions)
2016 (Actual) 2017 (Predicted)
jobsDB.com | PAGE 40jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
3.9%
3.1%2.9%
2.5%2.6%
Overall Adjustment2.9%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
Engineering Manager Senior Engineer Engineer Assistant Engineer Technician
%A
dju
stm
en
t
Average Predicted Percentage of Monthly Salary Adjustment(Engineering- by job positions)
jobsDB.com | PAGE 41jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
2016
Average $132,233 $181,889 $68,731
Median $96,000 $168,000 $64,000
Q-Range $78,000-$170,000 $90,000-$200,000 $50,000-$70,000
2017 Average $134,832 $188,495 $71,200
132,233
181,889
68,731
134,832
188,495
71,200
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
200,000
CEO/President Vice President General Manager
HK
$
Average Monthly Salary - 2016 (Actual) vs 2017 (Predicted)(Executive / General Management - by job positions)
2016 (Actual) 2017 (Predicted)
jobsDB.com | PAGE 42jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
1.8%
3.0%
3.5%
Overall Adjustment2.6%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
CEO/President Vice President General Manager
%A
dju
stm
en
t
Average Predicted Percentage of Monthly Salary Adjustment(Executive / General Management - by job positions)
jobsDB.com | PAGE 43jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
2016
Average $86,057 $37,059 $22,209 $15,420 $15,100 $31,543 $28,417 $20,255 $12,583
Median $58,000 $36,000 $20,000 $15,000 $15,500 $30,000 $28,000 $19,012 $12,000
Q-Range $50,000-$72,000 $27,000-$42,000 $19,000-$26,000 $13,800-$16,500 $12,000-$16,000 $23,000-$32,000 $24,500-$29,000 $15,500-$21,500 $12,000-$14,000
2017 Average $89,157 $38,460 $22,797 $16,101 $15,666 $32,554 $29,189 $20,891 $12,717
86,057
37,059
22,209
15,420 15,100
31,54328,417
20,255
12,583
89,157
38,460
22,797
16,101 15,666
32,55429,189
20,891
12,717
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
HR &Administration
Director
HR Manager HR Officer Assistant HROfficer
HR Assistant AdministrationManager
AssistantAdministration
Manager
AdministrationOfficer
AdministrationAssistant / Clerk
HK
$
Average Monthly Salary - 2016 (Actual) vs 2017 (Predicted)(Human Resources & Administration - by job positions)
2016 (Actual) 2017 (Predicted)
jobsDB.com | PAGE 44jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
3.3%
3.7%
2.7%
4.4%
4.1%
3.2%
2.5%
2.9%
1.2%
Overall Adjustment3.1%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
HR &Administration
Director
HR Manager HR Officer Assistant HROfficer
HR Assistant AdministrationManager
AssistantAdministration
Manager
AdministrationOfficer
AdministrationAssistant / Clerk
%A
dju
stm
en
t
Average Predicted Percentage of Monthly Salary Adjustment(Human Resources & Administration - by job positions)
jobsDB.com | PAGE 45jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
2016
Average $103,250 $44,626 $44,615 $36,425 $26,833 $16,939 $17,331 $21,863
Median $85,000 $45,000 $45,000 $39,000 $25,000 $15,000 $14,000 $20,000
Q-Range $70,000-$90,000 $35,000-$54,710 $45,000-$45,000 $35,000-$40,000 $22,000-$25,000 $15,000-$15,000 $14,000-$14,000 $18,000-$24,000
2017 Average $109,113 $46,458 $46,654 $37,992 $28,380 $18,186 $18,263 $22,519
103,250
44,626 44,615
36,425
26,833
16,939 17,33121,863
109,113
46,458 46,654
37,992
28,380
18,186 18,26322,519
0
20,000
40,000
60,000
80,000
100,000
120,000
IT Director IT Manager Project Manager System Analyst Analyst Programmer Programmer Systems Support /Network Manager
Technical Support
HK
$
Average Monthly Salary - 2016 (Actual) vs 2017 (Predicted)(Information Technology - by job positions)
2016 (Actual) 2017 (Predicted)
jobsDB.com | PAGE 46jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
5.8%
4.0%
4.6%
4.2%
6.0%
8.0%
5.1%
2.6%
Overall Adjustment5.6%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
IT Director IT Manager Project Manager System Analyst AnalystProgrammer
Programmer Systems Support /Network Manager
Technical Support
%A
dju
stm
en
t
Average Predicted Percentage of Monthly Salary Adjustment(Information Technology - by job positions)
jobsDB.com | PAGE 47jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
2016
Average $32,188 $23,171 $18,104 $15,338
Median $31,000 $22,000 $17,000 $14,000
Q-Range $25,500-$34,000 $20,000-$23,000 $14,950-$19,863 $12,000-$18,000
2017 Average $33,431 $23,709 $18,478 $15,839
32,188
23,171
18,104
15,338
33,431
23,709
18,478
15,839
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
Shipping Manager / LogisticsManager
Shipping Supervisor / LogisticsSupervisor
Shipping / Logistics Officer orExecutive
Shipping / Logistics Assistant orClerk
HK
$
Average Monthly Salary - 2016 (Actual) vs 2017 (Predicted)(Logistics- by job positions)
2016 (Actual) 2017 (Predicted)
jobsDB.com | PAGE 48jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
3.9%
2.1% 2.1%
3.2%
Overall Adjustment2.8%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
Shipping Manager / Logistics Manager Shipping Supervisor / LogisticsSupervisor
Shipping / Logistics Officer orExecutive
Shipping / Logistics Assistant or Clerk
%A
dju
stm
en
t
Average Predicted Percentage of Monthly Salary Adjustment(Logistics- by job positions)
jobsDB.com | PAGE 49jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
2016
Average $59,720 $38,626 $24,989 $22,346 $18,609 $11,000
Median $60,000 $38,000 $25,000 $23,200 $19,000 $9,500
Q-Range $40,000-$66,600 $34,000-$45,000 $20,800-$28,200 $16,200-$28,000 $15,000-$21,000 $9,500-$13,000
2017 Average $60,909 $39,879 $25,691 $23,017 $18,998 $11,442
59,720
38,626
24,98922,346
18,609
11,000
60,909
39,879
25,69123,017
18,998
11,442
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
Marketing Director Marketing Manager Assistant MarketingManager
Senior MarketingExecutive / Officer
Marketing Executive /Officer
Marketing Assistant
HK
$
Average Monthly Salary - 2016 (Actual) vs 2017 (Predicted)(Marketing - by job positions)
2016 (Actual) 2017 (Predicted)
jobsDB.com | PAGE 50jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
1.6%
3.3%
3.0%
3.2%
2.1%
4.2%
Overall Adjustment2.8%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
Marketing Director Marketing Manager Assistant MarketingManager
Senior Marketing Executive/ Officer
Marketing Executive /Officer
Marketing Assistant
%A
dju
stm
en
t
Average Predicted Percentage of Monthly Salary Adjustment(Marketing- by job positions)
jobsDB.com | PAGE 51jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
2016
Average $41,393 $31,850 $27,296 $18,957 $21,357
Median $36,750 $36,000 $28,000 $19,000 $13,000
Q-Range $30,000-$40,000 $18,000-$36,400 $26,000-$28,000 $18,260-$20,000 $13,000-$25,000
2017 Average $42,722 $32,670 $28,325 $19,711 $22,246
41,393
31,850
27,296
18,95721,357
42,722
32,670
28,325
19,711
22,246
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
Merchandising Manager Assistant MerchandisingManager
Senior Merchandiser Merchandiser Assistant Merchandiser
HK
$
Average Monthly Salary - 2016 (Actual) vs 2017 (Predicted)(Merchandising- by job positions)
2016 (Actual) 2017 (Predicted)
jobsDB.com | PAGE 52jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
3.0%
2.5%
3.8%4.0%
4.3%
Overall Adjustment3.7%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
Merchandising Manager Assistant MerchandisingManager
Senior Merchandiser Merchandiser Assistant Merchandiser
%A
dju
stm
en
t
Average Predicted Percentage of Monthly Salary Adjustment(Merchandising - by job positions)
jobsDB.com | PAGE 53jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
2016
Average $22,350 $12,072
Median $21,500 $12,000
Q-Range $20,000-$25,000 $11,500-$12,000
2017 Average $23,141 $12,670
22,350
12,072
23,141
12,670
0
5,000
10,000
15,000
20,000
25,000
Shop / Store / Retail Manager Sales Representative/ Executive
HK
$
Average Monthly Salary - 2016 (Actual) vs 2017 (Predicted)(Retail Operation - by job positions)
2016 (Actual) 2017 (Predicted)
jobsDB.com | PAGE 54jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
3.6%
5.0%Overall Adjustment
4.8%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
Shop / Store / Retail Manager Sales Representative/ Executive
%A
dju
stm
en
tAverage Predicted Percentage of Monthly Salary Adjustment
(Retail Operation- by job positions)
jobsDB.com | PAGE 55jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
2016
Average $77,446 $40,044 $32,728 $27,522 $26,071 $21,311 $19,769
Median $75,000 $35,000 $30,000 $27,900 $24,700 $20,000 $20,000
Q-Range $54,000-$80,000 $31,000-$38,565 $21,080-$42,000 $20,000-$33,300 $20,000-$28,000 $15,233-$25,000 $20,000-$20,000
2017 Average $79,393 $40,798 $33,569 $28,242 $26,639 $22,395 $20,365
77,446
40,044
32,728
27,522 26,07121,311 19,769
79,393
40,798
33,569
28,242 26,63922,395
20,365
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
Sales Director Senior Sales Manager Sales Manager Assistant SalesManager
Sales Supervisor Sales Executive /Representative
Sales Engineer
HK
$
Average Monthly Salary - 2016 (Actual) vs 2017 (Predicted)(Sales - by job positions)
2016 (Actual) 2017 (Predicted)
jobsDB.com | PAGE 56jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2017
2.4%
1.9%
2.3%2.5%
2.1%
5.5%
3.2%
Overall Adjustment3.7%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
Sales Director Senior Sales Manager Sales Manager Assistant Sales Manager Sales Supervisor Sales Executive /Representative
Sales Engineer
%A
dju
stm
en
t
Average Predicted Percentage of Monthly Salary Adjustment(Sales - by job positions)
jobsDB.com | PAGE 57jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
Yes85%
No15%
Percentage of companies providing performance bonus in 2016
3. Bonuses
3.1 Performance bonus
Among all companies surveyed, 85% provided performance bonus in 2016, 5% up compared with last year. Among these companies, only6% provided guaranteed performance bonus, dropped from 12% last year. The overall average size of bonus provided in 2016 was 1.3months of basic salary, while that expected in 2017 will also be 1.3 months.
Yes6%
No94%
Percentage of companies providing guaranteed performance bonus in 2016
jobsDB.com | PAGE 58jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
3. Bonuses
3.1.1 Performance bonus in 2016 – by business sectors
For performance bonus in 2016 in terms of business sectors, the sector provided the highest average performancebonus (2.7 months of basic salary), followed by the sector (2.2 months). The sector has had thelowest average performance bonus (0.3 months).
3.1.2 Predicted performance bonus in 2017 – by business sectors
The highest average performance bonus in 2017 is still expected to be found in the sector, with 2.7 months of basicsalary. The sector is still expecting the lowest average performance bonus (0.5 months).
jobsDB.com | PAGE 59jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
3. Bonuses
1.1
0.8
2.7
0.8
0.3
0.9
1.3
0.9
2.2
1.4
1.9
1.2 1.1
2.7
0.60.5
0.9
1.5
1.1
2.0
1.1
1.7
0.0
0.5
1.0
1.5
2.0
2.5
3.0
No
. of
mo
nth
s
Performance bonus by business sector
2016 (provided) 2017 (Expected)
Avg performance bonus in 2016 = 1.3 mthsAvg performance bonus expected in 2017 = 1.3 mths
Remarks: Business sector with less than 2 companies and less than 10 employees are not shown
jobsDB.com | PAGE 60jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
3. Bonuses
3.1.3 Performance bonus in 2016 – by employee levels
In terms of employee levels, the average amount of performance bonus in 2016 was 1.5 months of the basic monthly salary for /Senior , 1.4 months for Management / Non-managerial 1.2 months for /and 1.1 months for / Frontline .
3.1.4 Expected performance bonus in 2017 – by employee levels
The performance bonus in 2017 is expected to be more or less in line with 2016, except for a slight increase for / Frontlinelevel (1.2 months).
jobsDB.com | PAGE 61jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
3. Bonuses
1.5
1.4
1.2
1.1
1.5
1.4
1.21.2
0.0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1.6
1.8
Top / Senior Management Middle Management / Non-managerialProfessionals
Supervisory / Officers Clerical / Frontline
no
. of
mo
nth
s
Performance bonus by employee level
2016 (provided) 2017 (expected)
Avg performance bonus in 2016 = 1.3 mthsAvg performance bonus expected in 2017 = 1.3 mths
jobsDB.com | PAGE 62jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
3. Bonuses
3.1.5 Number of performance bonus issued per year
Among respondents who provide performance bonuses, 80% of them issue the bonus once per year. 6% of respondents indicated that theyissue performance bonuses twice per year.
Once80%
Twice6%
Three Times0%
Four Times3%
Others11%
How many times of performance bonus issued per year
jobsDB.com | PAGE 63jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
3. Bonuses
3.1.6 Month of issue for performance bonus
Among companies which provide performance bonus, most of them had issued the bonus in January (29%), December (15%) or March(14%).
Remarks: Multiple answers are allowed and the sum may not equal 100%
29%
12%14%
8%
3%
9%
3%
0%
6%
2%0%
15%
0%
5%
10%
15%
20%
25%
30%
35%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
% o
f co
mp
anie
s
Month to issue performance bonus
jobsDB.com | PAGE 64jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
4. Benefits
4.1 Leaves
4.1.1 Annual leave in 2016 – by employee levels
In terms of employee levels, the average number of annual leave was 17.9 days for / Senior 14.7 days forManagement / Non-managerial 13.0 days for / and 12.1 days for / Frontline .
17.9
14.7
13.012.1
Overall average14.5
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
20.0
Top / Senior Management Middle Management / Non-managerial Professionals
Supervisory/ Officers Clerical / Frontline
No
. of
day
s
Annual leaves provided in 2016
jobsDB.com | PAGE 65jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
4. Benefits
4.1.2 Handling unused annual leave
In dealing with unused annual leave, 41% of surveyed companies allow a certain proportion of unused annual leaves to be carried over tonext year; 26% allow all the unused annual leaves to be carried over to next year; 30% forfeit all the unused annual leave; only 2% convertthe unused annual leaves to a lump sum payment.
All can be carried over to next year
26%
A proportion can be carried over to next
year41%
Forfeited30%
Convert it to a lump sum payment
2%Others
1%
Dealing with unused annual leave
jobsDB.com | PAGE 66jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
4. Benefits
4.1.3 Sick leave
49% of surveyed companies provide sick leave with allowance equivalent to the full average daily wages in 2016, slightly less than last55%. 31% of them provide full-paid sick leave for a specified number of days, then sick leave with allowance equivalent to four-fifths
of the average daily wages of the employee. 12% follow the minimum requirement of Employment Ordinance, which is to provideallowance equivalent to four-fifths of the average daily wage of the employee.
Full-paid49%
Four-fifths of the average daily wages
12%
Full-paid for a specified number of
days, then forth-fifths of average daily wage
31%
Others8%
Payment for Sick Leave in 2016
jobsDB.com | PAGE 67jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
4. Benefits
4.1.4 Special leave
Most common type of leave offered in 2016:
Among other types of leave, compassionate leave is the most common (75%) type of leave offered by employers in 2016, followed bymarriage leave (74%).
Most common type of leave expected to be newly offered in 2017:
10% of respondents is already offering family care leave in 2016, and 8% is planning to introduce this benefit in 2017.
Least common type of leave offered in 2016:
Graduation leave is the least common type of leave provided. Only 4% of the surveyed companies offered such leave in 2016.
jobsDB.com | PAGE 68jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
4. Benefits
Remarks: Sum of percentages may not equal 100% due to rounding
75%
74%
73%
17%
13%
10%
4%
5%
3%
6%
5%
4%
8%
6%
20%
23%
21%
78%
83%
82%
91%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Compassionate Leave
Marriage Leave
Paternity Leave
Birthday Leave
Community Service Leave
Family Care Leave
Graduation Leave
% of Companies
Special Leaves in 2016
Yes No, but expected to grant next year No, and NOT expected to grant next year
jobsDB.com | PAGE 69jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
4. Benefits
4.2 Health-related benefits
Most common health-related benefits offered in 2016:
In 2016, working was the most common (32%) type of health-related benefit offered.
Most common health-related benefits expected to be newly offered in 2017:
In 2017, 6% of surveyed companies plan to introduce working and assistance .
Least common health-related benefits offered in 2016:
Only 5% of surveyed companies are providing assistance . It is expected that 6% of companies will provide thesebenefits in 2017.
jobsDB.com | PAGE 70jobsDB Compensation and Benefits Survey 2017COPYRIGHT@2017, jobsDB Hong Kong. ALL RIGHTS RESERVED
4. Benefits
Remarks: Sum of percentages may not equal 100% due to rounding
32%
7%
6%
5%
6%
2%
3%
6%
62%
91%
91%
89%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Ergonomic working environment (e.g. monitor with adjustable height,
ergonomic laptop stands)
Smoking Cessation Program
On-site physical fitness facility and exercise programs at work
Employee assistance program (e.g. counselling services for stress,
finance or family problems)
% of Companies
Health Related Benefits in 2016
Yes No, but expected to grant next year No, and NOT expected to grant next year
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4. Benefits
4.3 Family-friendly benefits
Most common family-friendly benefits offered in 2016:
The most common type of family-friendly benefits offered in 2016 was with 20% of surveyed companies claimed they offeredsuch benefits.
Least common family-friendly benefits offered in 2016:
0% of companies is providing care in 2016. It is expected that 2% of companies will provide this benefit in 2017.
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4. Benefits
Remarks: Sum of percentages may not equal 100% due to rounding
1%
1%
20%
9%
3%
6%
2%
76%
85%
98%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Family leave benefits(e.g. additional maternity leave,
paternity leave)
Mother's room for female staff
Child care support(e.g. day care centre near the workplace)
% of Companies
Family Related Benefits in 2016
Yes No, but expected to grant next year No, and NOT expected to grant next year
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4. Benefits
4.4 Accommodation related benefits
Most common accommodation related benefit
Among all other benefits, (13%) was the most popular accommodation benefit offered by employers in 2016.
Other common benefits
Other common benefits were housing (8%) and (6%).
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4. Benefits
Remarks: Sum of percentages may not equal 100% due to rounding
13%
8%
6%
2% / 2%
1% / 1%
2%
2%
84%
92%
93%
97%
98%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Rental Reimbursement
Cash Housing Allowance
Employee Quarters
Housing Loan
Mortgage Interest Subsidy
% of Companies
Accomodation Related Benefits in 2016
Yes No, but expected to grant next year No, and NOT expected to grant next year
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4. Benefits
4.5 Other benefits
Transportation allowance
Among all other benefits, transportation allowance was the most popular benefits offered by employers in 2016. 45% of respondentsprovided allowance for travelling outside during normal working days, while 34% of respondents provided
allowance for travelling within .
Other common benefits
Other common benefits were fund / retirement (17%) and of company stocks at discounted (9%).
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4. Benefits
Remarks: Sum of percentages may not equal 100% due to rounding
45%
34%
17%
9%
5%
5%
3%
2%
2%
1%
1%
52%
65%
81%
90%
94%
95%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Transportation allowance outside HKduring normal working days
Transportation allowance for traveling in HK(such as cross-district transport allowance)
Pension fund /retirement plan(excluding MPF)
Purchase of company stock at discounted prices
Personal loan
Tax Subsidies
% of Companies
Other Benefits in 2016
Yes No, but expected to grant next year No, and NOT expected to grant next year
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Employment Market
56% of companies are planning to increase headcount in 2017, which is the same as that in 2016. Although there was a general
perception that the employment market won’t be as active as 2016, only 6% or respondents are planning to decrease headcount,
compared to 13% in 2016.
Employers emphasized their interest in a candidate’s relevant working experience (87%) rather than their qualification (52%), indicating
that they prefer staff with hands-on experience who can provide an immediate contribution to the company in times of economic uncertainty.
For companies that had made employment offers in the past 12 months, 65% had some of their offers refused, mainly because the target
candidates had “accepted another job offer” (83%).
Salary Adjustment and Bonuses
In 2017, 74% of surveyed employers were planning to offer a pay rise (79% in 2016) with an average salary adjustment of +3.7%
(+3.4% in 2016). 85% of employers has offered performance bonus in 2016 (80% in 2014) with an average bonus equivalent to 1.3
months of basic salary (1.6 months in 2015). Among them, only 6% of surveyed companies provided guaranteed performance bonus to
employees (12% in 2015).
Conclusion
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Benefits
In 2016, surveyed companies offered in average 14.5 days of annual leave to their employees. In the handling of unused annual leave, most
surveyed employers allowed a proportion (41%) or all (26%) the unused leave days to be carried forward to next year, while 30% of
surveyed employers simply forfeited the unused annual leave.
For other leave benefits, compassionate leave (75%) and marriage leave (74%) are the most common employee benefits. 13% of
respondents were offering community service leave in 2016, compared with 9% in 2015.
While family-friendly benefits still remains uncommon in general, companies providing family leaves benefit (such as additional marriage or
paternity leaves) have doubled to 20% in 2016.
Conclusion (con’t)
happy hiring