XN000022-1986-08-22 — Page 10

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FRIDAY, AUGUST 22, 1986

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THE SURVEY OF SALARIES IN THE PRIVATE SECTOR SHOULD COMPRISE BOTH EXPATRIATE AND LOCAL EMPLOYEES SINCE IT HAS BEE GOVERNMENT POLICY IN RECENT YEARS TO TREAT BOTH LOCAL AND OVERSEAS OFFICERS IN THE CIVIL SERVICES AS ONE HOMOGENEOUS GROUP FOR SALARY PURPOSES.

MANY CIVIL SERVANTS HAVE A CHOICE OF HOUSING BENEFITS DEPENDING ON THEIR RANK. ACCOUNT SHOULD BE TAKEN OF THE NOTIONAL VALUE OF THE DIFFERENT HOUSING BENEFITS AVAILABLE TO EACH PAY BAND WHEN CONDUCTING THE SURVEY.

IN VALUING NON-DEPARTMENTAL QUARTERS IN THE CIVIL SERVICE AND COMPANY QUARTERS IN THE PRIVATE SECTOR, ANY FINANCIAL CONTRIBUTIONS MADE BY THE EMPLOYEE SHOULD BE DEDUCTED.

ONLY OVERTIME WHICH FORMS AN ESSENTIAL ELEMENT OF AN EMPLOYEE'S TOTAL WORKING HOURS SHOULD BE CALCULATED.

IN THE PRIVATE SECTOR, BONUSES WHICH ARE NOT RELATED TO PERFORMANCE RESULTS OF INDIVIDUAL EMPLOYEES SHOULD BE

INCLUDED IN THE TOTAL PAY PACKAGE CALCULATIONS, RUT PERFORMANCE RELATED BONUSES AWARDED TO INDIVIDUALS SHOULD BE EXCLUDED.

HAY MANAGEMENT CONSULTANTS (HONG KONG) HAVE BEEN COMMISSIONED TO UNDERTAKE THE PAY LEVEL SURVEY. WORK ON COLLECTING THE NECESSARY DATA HAS BEGUN AND WILL BE COMPLETED BY THE END OF SEPTEMBER. THE PRELIMINARY RESULTS WILL BE SUBMITTED TO THE STANDING COMMISSION AND THE PAY LEVEL SURVEY ADVISORY COMMITTEE IN EARLY NOVEMBER.

PROPERTY MARKET IN HEALTHY STATE

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THE PROPERTY MARKET IS CURRENTLY IN A VERY HEALTHY STATE SHOWING SIGNS OF CONSOLIDATION, ACTING PRINCIPAL GOVERNMENT LAND AGENT, MR BOB POPE, SAID TODAY (FRIDAY).

SPEAKING AT A LUNCHEON MEETING OF THE ROTARY CLUB OF KOWLOON NORTH, MR POPE SAID THERE WERE INDICATIONS OF AN ABUNDANT SUPPLY OF ACCOMMODATION IN ALL SECTORS, PARTICULARLY IN THE RESIDENTIAL SECTOR.

SOME 100 000 FLATS WERE EXPECTED TO BE AVAILABLE BETWEEN THIS AND NEXT YEAR SUBSTANTIALLY HIGHER THAN THE 30 000 TO 40 000 UNITS PRODUCED ANNUALLY FOR THE PAST FIVE YEARS.

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