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TUESDAY, NOVEMBER 23, 1993
BOTH SALARY INDICES (A) AND (B) ARE DESIGNED FOR THE PURPOSE OF MEASURING CHANGES IN SALARY LEVELS.
SAME
HOWEVER, BY CONFINING TO THOSE EMPLOYEES WHO REMAINED IN THE OCCUPATION AND IN THE SAME COMPANY IN 1992 AND 1993, THE SALARY INDEX (B) ONLY ACCOUNTS FOR SALARY CHANGES DUE TO GENERAL INCREMENT, MERITORIOUS INCREASE AND GAIN IN SENIORITY.
ON THE OTHER HAND, THE SALARY INDEX (A) TAKES INTO ACCOUNT EFFECTS OF LABOUR MOBILITY AS WELL.
THE RATE OF INCREASE OF THE SALARY INDEX (B) IS USUALLY HIGHER THAN THAT OF 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.
BETWEEN JUNE 1992 AND JUNE 1993, THE NOMINAL SALARY INDEX (A) FOR LARGE COMPANIES INCREASED BY 10.3% AND THAT FOR MEDIUM-SIZED COMPANIES BY 9.5%.
AS REGARDS THE NOMINAL SALARY INDEX (B), THE INCREASES WERE 14.2% AND 14.6% RESPECTIVELY.
CORRESPONDING
THE NOMINAL SALARY INDEX (A) AND NOMINAL SALARY INDEX (B) FOR JUNE 1993 ANALYSED BY MAJOR ECONOMIC SECTOR ARE SHOWN IN THE FOLLOWING TABLE.
BY DEFLATING THE NOMINAL SALARY INDICES BY THE HANG SENG CONSUMER PRICE INDEX, THE REAL SALARY INDICES ARE OBTAINED TO MEASURE CHANGES IN THE PURCHASING POWER OF THE AMOUNT OF MONEY EARNED.
ON A YEAR-ON-YEAR COMPARISON, THE REAL SALARY INDEX (A) AND THE REAL SALARY INDEX (B) REGISTERED INCREASES OF 0.2% AND 4.6% RESPECTIVELY IN JUNE 1993.
AMONG THE MANAGERIAL AND PROFESSIONAL EMPLOYEES COVERED. IN THE SURVEY, 68% OF THEM WERE ENTITLED TO PROFIT-SHARING BONUS, 39% ΤΟ HOUSING BENEFITS OF SOME KIND AND 80% TO PROVIDENT/RETIREMENT FUND PENSION. IT WAS ALSO FOUND THAT 86% OF THEM WERE ENTITLED GUARANTEED YFAR-END BONUS.
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To
THE
AND
THE CENSUS AND STATISTICS DEPARTMENT HAS BEEN CONDUCTING ANNUAL SURVEY OF SALARIES AND EMPLOYEE BENEFITS
MANAGERIAL PROFESSIONAL EMPLOYEE (EXCLUDING TOP MANAGEMENT) SINCE 1984 TO MEASURE CHANGES IN SALARY RATES FOR MANAGERIAL AND PROFESSIONAL EMPLOYEES.
A SAMPLE OF ABOUT 200 LARGE AND MEDIUM-SIZED COMPANIES IS COVERED IN THE SURVEY.
BOTH LOCAL AND EXPATRIATE EMPLOYEES WORKING IN COMMON OCCUPATIONS OF MANAGERIAL AND PROFESSIONAL LEVELS 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 BONUSES AND ALLOWANCES.
AND TIPS, AND OTHER
GUARANTEED AND REGULAR
/OTHER ITEMS