XN000022-1985-01-18 — Page 6

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FRIDAY, JANUARY 18, 1985

DURING THE SAME PERIOD, THE REAL SALARY INDEX (B) FOR THE FINANCIAL INSTITUTIONS AND INSURANCE SECTOR INCREASED BY 3.6 PER CENT FOR THE WHOLESALE/RETAIL AND IMPORT/EXPORT TRADES SECTOR BY 4.6 PER CENT; FOR THE MANUFACTURING/ELECTRICITY, GAS AND STEAM SECTOR BY 3.4 PER CENT; FOR THE TRANSPORT, STORAGE AND COMMUNICATION SECTOR BY 2.9 PER CENT AND FOR THE BUILDING AND CONSTRUCTION AND RELATED TRADES SECTOR BY 0.1 PER CENT.

BETWEEN JUNE 1983 AND JUNE 1984, THE REAL SALARY INDEX (A) FOR LARGE COMPANIES DECREASED BY 0.1 PER CENT BUT THAT FOR MEDIUM-SIZED COMPANIES INCREASED BY 1.9 PER CENT. THE REAL SALARY INDEX (B) FOR LARGE AND MEDIUM-SIZED COMPANIES INCREASED BY 1.4 PER CENT AND 3.1 PER CENT RESPECTIVELY.

THE REAL SALARY INDEX (A) AND REAL SALARY INDEX (B) FOR JUNE 1984 FOR THE MAJOR ECONOMIC SECTORS ANALYSED BY SIZE OF COMPANY ARE SHOWN IN TABLE 3 AND TABLE 4.

AMONG THE MANAGERIAL AND PROFESSIONAL EMPLOYEES COVERED BY THE SURVEY, IT WAS FOUND THAT 58 PER CENT OF THEM WERE ENTITLED TO PROF IT-SHARING BONUS, 38 PER CENT WERE ENTITLED TO HOUSING BENEFITS OF SOME KIND AND 70 PER CENT TO PROVIDENT/RETIREMENT FUND OR PENSION.

THE CENSUS AND STATISTICS DEPARTMENT HAS SINCE MARCH 1982 CONDUCTED A QUARTERLY SURVEY OF WAGES, SALARIES AND EMPLOYEE BENEFITS TO MEASURE CHANGES IN WAGE AND SALARY RATES FOR MANUAL AND NON-MANUAL WORKERS. EMPLOYEES AT THE ADMINISTRATIVE AND PROFESSIONAL LEVELS ARE HOWEVER EXCLUDED. IN ORDER TO COVER THESE TYPES OF EMPLOYEES, THE DEPARTMENT CONDUCTED THE SURVEY OF SALARIES AND EMPLOYEE BENEFITS (MANAGERIAL AND PROFESSIONAL EMPLOYEES - EXCLUDING TOP MANAGEMENT) IN SEPTEMBER 1984 TO MEASURE CHANGES IN SALARY RATES FOR THE MANAGERIAL AND PROFESSIONAL EMPLOYEES DURING THE PERIOD FROM JUNE 1983 TO JUNE 1984. EMPLOYEES OCCUPYING TOP POSITIONS IN MANAGEMENT ARE STILL NOT INCLUDED BECAUSE OF DIFFICULTY IN OBTAINING SUCH DATA,

IN THE NEW SURVEY, ONLY EMPLOYEES WORKING IN COMMON OCCUPATIONS OF MANAGERIAL AND PROFESSIONAL LEVELS IN THE MANUFACTURING/ ELECTRICITY, GAS AND STEAM SECTOR BUILDING AND CONSTRUCTION AND RELATED TRADES SECTOR; WHOLESALE/RETAIL AND IMPORT/EXPORT TRADES SECTOR TRANSPORT, STORAGE AND COMMUNICATION SECTOR AND FINANCIAL INSTITUTIONS AND INSURANCE SECTOR ARE COVERED. BOTH LOCAL AND EXPATRIATE STAFF EMPLOYED IN LARGE AND MEDIUM-SIZED COMPANIES ARE COVERED IN THE SURVEY. A SAMPLE OF 200 COMPANIES WAS SELECTED FOR THE SURVEY. ALL THE LARGE COMPANIES IN THE ABOVE FIVE ECONOMIC SECTORS WERE ENUMERATED IN FULL WHEREAS RANDOM SAMPLES OF MEDIUM-SIZED COMPANIES WERE SELECTED FROM EACH ECONOMIC SECTOR.

/DATA WERE