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MONDAY, NOVEMBER 19, 1990
SALARY INDEXES FOR MANAGERIAL AND PROFESSIONAL EMPLOYEES RELEASED
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THE OVERALL NOMINAL SALARY INDEX (A), MEASURING CHANGES IN AVERAGE SALARY LEVELS FOR MANAGERIAL AND PROFESSIONAL EMPLOYEES AT 216.2 IN
JUNE 1990, WAS 13.6 PER CENT HIGHER THAN IN JUNE 1989, ACCORDING ΤΟ THE FINDINGS OF THE SURVEY OF SALARIES AND EMPLOYEE BENEFITS MANAGERIAL AND PROFESSIONAL EMPLOYEES (EXCLUDING TOP MANAGEMENT} RELEASED TODAY (MONDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
THE OVERALL NOMINAL SALARY INDEX (B), WHICH MEASURES CHANGES IN AVERAGE SALARY LEVELS ONLY FOR THOSE MANAGERIAL AND PROFESSIONAL EMPLOYEES WHO REMAINED IN THE SAME JOB AND IN THE SAME COMPANY IN BOTH 1989 AND 1990, WAS 269.8 IN JUNE 1990, REPRESENTING AN INCREASE OF 16.7 PER CENT AS COMPARED WITH JUNE 1989.
FOR
THESE SALARY INDEXES USED JUNE 1983 AS THE BASE PERIOD.
BETWEEN JUNE 1989 AND JUNE 1990, THE NOMINAL SALARY INDEX (A) LARGE COMPANIES INCREASED BY 13.6 PER CENT AND THAT FOR MEDIUM- SIZED COMPANIES ALSO BY 13.6 PER CENT. AS REGARDS THE NOMINAL SALARY INDEX (B), THE CORRESPONDING INCREASES WERE 18.6 PER CENT AND 16.1 PER CENT RESPECTIVELY.
THESE DIFFERENCES IN SALARY INCREASES AS REFLECTED IN THE TWO INDEXES WERE LARGELY DUE TO THE EFFECT OF LABOUR TURNOVER OVER THE PERIOD CONCERNED.
THE NOMINAL SALARY INDEX (A) AND NOMINAL SALARY INDEX (B) JUNE 1990 ANALYSED BY THE MAJOR ECONOMIC SECTORS OF COMPANY ARE IN THE TABLE BELOW.
FOR
SHOWN
BY DEFLATING THE NOMINAL SALARY INDEXES BY THE HANG SENG CONSUMER PRICE INDEX, THE REAL SALARY INDEXES ARE OBTAINED TO CHANGES IN THE PURCHASING POWER OF THE AMOUNT OF MONEY EARNED.
MEASURE
THE OVERALL REAL SALARY INDEX (A) STOOD AT 126.9 IN JUNE
1990, REPRESENTING AN INCREASE OF 2.1 PER CENT WHEN COMPARED WITH JUNE 1989.
THE OVERALL REAL SALARY INDEX (B), ON THE OTHER HAND, STOOD AT 158.3 IN JUNE 1990, REPRESENTING AN INCREASE OF 4.9 PER CENT WHEN COMPARED WITH JUNE 1989.
BOTH SALARY INDEXES (A) AND (B) ARE DESIGNED FOR THE PURPOSE OF MEASURING CHANGES IN SALARY LEVELS.
HOWEVER, BY CONFINING TO THOSE EMPLOYEES WHO REMAINED IN THE SAME JOB AND IN THE SAME COMPANY IN 1989 AND 1990, THE SALARY INDEX (B) ONLY ACCOUNTS FOR SALARY CHANGES DUE ΤΟ GENERAL INCREMENT, MERITORIOUS INCREASE AND GAIN IN SENIORITY.
/ON THE