MONDAY, NOVEMBER 19, 1990
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ON THE OTHER HAND, THE SALARY INDEX (A) TAKES INTO ACCOUNT EFFECTS OF LABOUR MOBILITY AS WELL.
THE RATE OF INCREASE IN THE SALARY INDEX (B) IS USUALLY HIGHER THAN THAT IN THE SALARY INDEX (A) BECAUSE THE SALARY INDEX (A) INCLUDES THE SALARIES OF NEWLY RECRUITED AND NEWLY PROMOTED EMPLOYEES, WHO TEND TO BE PAID COMPARATIVELY LOWER SALARIES THAN THOSE ALREADY IN THE SAME RANK.
AMONG THE MANAGERIAL AND PROFESSIONAL EMPLOYEES COVERED IN THE SURVEY, IT WAS FOUND THAT 70 PER CENT OF THEM WERE ENTITLED TO PROFIT- SHARING BONUS. MOREOVER, 36 PER CENT WERE ENTITLED TO HOUSING BENEFITS OF SOME KIND AND 77 PER CENT TO PROVIDENT/RETIREMENT FUND PENSION. IT WAS ALSO FOUND THAT 83 PER CENT OF THEM WERE ENTITLED GUARANTEED YEAR-END BONUS.
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THE DEPARTMENT HAS BEEN CONDUCTING THE ANNUAL SURVEY SALARIES AND EMPLOYEE BENEFITS
MANAGERIAL AND PROFESSIONAL EMPLOYEES (EXCLUDING TOP MANAGEMENT) SINCE 1984 TO MEASURE CHANGES IN SALARY RATES FOR THE MANAGERIAL AND PROFESSIONAL EMPLOYEES.
A SAMPLE OF 203 LARGE AND MEDIUM-SIZED COMPANIES WAS SELECTED. IN THE SURVEY, ONLY EMPLOYEES WORKING IN COMMON OCCUPATIONS OF MANAGERIAL AND PROFESSIONAL LEVELS ARE COVERED. BOTH LOCAL AND EXPATRIATE STAFF ARE ENUMERATED.
IN THE SURVEY, THE SALARY RATE IS DEFINED TO INCLUDE, IN ADDITION TO BASIC SALARIES, COST-OF-LIVING ALLOWANCE, GUARANTEED YEAR- END BONUS, COMMISSION AND TIPS, AND OTHER GUARANTEED AND REGULAR BONUSES AND ALLOWANCES.
PACKAGE HOUSING RATE.
OTHER ITEMS WHICH MAY CONTRIBUTE SIGNIFICANTLY TO THE TOTAL PAY OF EMPLOYEES AT THIS LEVEL, SUCH AS PROFIT-SHARING BONUS AND ALLOWANCE, ARE NOT INCLUDED IN THE DEFINITION OF THE SALARY
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 AND PROFESSIONAL EMPLOYEES (EXCLUDING TOP MANAGEMENT)".
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MANAGERIAL
COPIES OF THIS REPORT ARE AVAILABLE AT $25 PER COPY AT THE GOVERNMENT PUBLICATIONS CENTRE, GROUND FLOOR, GPO BUILDING, CONNAUGHT PLACE, CENTRAL.
ENQUIRIES ABOUT THE SALARY INDEXES CAN BE DIRECTED TO THE WAGES AND LABOUR COSTS STATISTICS SECTION OF THE CENSUS AND STATISTICS DEPARTMENT ON TEL. 823 4746 OR 823 4747.
/NOMINAL SALARY