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FRIDAY, NOVEMBER 29, 1985
WHILE THE NOMINAL SALARY INDEXES MEASURE THE CHANGES IN SALARY RATES IN MONEY TERMS, THE REAL SALARY INDEXES, WHICH ARE OBTAINED BY DEFLATING THE NOMINAL SALARY INDEXES BY THE HANG SENG CONSUMER PRICE INDEX, MEASURE THE CHANGES IN THE PURCHASING POWER OF THE AMOUNT OF MONEY EARNED.
APART FROM BASIC SALARIES, THE SALARY RATE IS DEFINED TO INCLUDE ALSO COST-OF-LIVING ALLOWANCE, GUARANTEED YEAR-END BONUS, COMMISSION AND TIPS AND OTHER GUARANTEED AND REGULAR BONUSES AND ALLOWANCES.
OTHER ITEMS WHICH MAY CONTRIBUTE SIGNIFICANTLY TO THE TOTAL PAY PACKAGE OF EMPLOYEES AT THIS LEVEL SUCH AS PROFIT- SHARING BONUS AND HOUSING ALLOWANCE ARE NOT INCLUDED IN THE DEFINITION OF WAGE RATE. HOWEVER, STATISTICS ON FRINGE BENEFITS ARE SEPARATELY COMPILED. THEY ARE EXPRESSED IN TERMS OF PERCENTAGES OF EMPLOYEES INCLUDED IN THE SURVEY ENTITLED TO THEM.
DETAILS OF THE SALARY MOVEMENT, AVERAGE SALARY RATE FOR MAJOR OCCUPATIONS AND STATISTICS ON EMPLOYEE ENTITLEMENT TO VARIOUS FRINGE BENEFITS, TOGETHER WITH A DESCRIPTION OF THE METHODOLOGY, ARE PUBLISHED IN A REPORT OF SALARY AND EMPLOYEE BENEFITS (MANAGERIAL AND PROFESSIONAL EMPLOYEES - EXCLUDING TOP MANAGEMENT)+.
COPIES OF THIS REPORT ARE AVAILABE AT $15 PER COPY AT THE GOVERNMENT PUBLICATIONS CENTRE, GENERAL POST OFFICE BUILDING, GROUND FLOOR, CONNAUGHT PLACE, HONG KONG.
FOR ENQUIRIES ABOUT THE SALARY INDEXES, PLEASE CONTACT THE WAGES AND LABOUR COSTS STATISTICS SECTION OF THE CENSUS AND STATISTICS DEPARTMENT AT TELEPHONE NUMBER 5-455774 OR 5-416062.
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