TUESDAY, DECEMBER 29, 1987
CHANGES
AND FOR
G
ON THE OTHER HAND, THE SALARY INDEX (B) MEASURES THE IN SALARY LEVELS ONLY FOR THOSE WHO REMAIN IN THE SAME OCCUPATION IN THE SAME COMPANY IN BOTH YEARS. IT THEREFORE ACCOUNTS ONLY CHANGES DUE TO A GENERAL INCREMENT, MERITORIOUS INCREASE AND SENIORITY AND SHOULD BE USEFUL TO PERSONNEL MANAGERS IN MAKING SALARY ADJUSTMENTS.
GAIN
IN
WHILE THE NOMINAL SALARY INDICES MEASURE THE CHANGES IN SALARY RATES IN MONEY TERMS, THE REAL SALARY INDICES, WHICH ARE OBTAINED BY DEFLATING THE NOMINAL SALARY INDICES BY THE HANG SENG CONSUMER PRICE
THE INDEX, MEASURE THE CHANGES IN THE PURCHASING POWER OF
AMOUNT OF
MONEY EARNED.
APART FROM BASIC
SALARIES, THE SALARY RATE IS DEFINED TO INCLUDE ALSO COST-OF-LIVING ALLOWANCE, GUARANTEED YEAR-END BONUS, COMMISSION AND TIPS AND OTHER GUARANTEED AND REGULAR BONUSES AND ALLOWANCES.
OTHER ITEMS WHICH MAY CONTRIBUTE SIGNIFICANTLY то THE TOTAL PAY PACKAGE OF EMPLOYEES AT THIS LEVEL SUCH AS PROFIT-SHARING BONUS AND HOUSING ALLOWANCE ARE NOT INCLUDED IN THE DEFINITION OF WAGE RATE.
HOWEVER, STATISTICS ON FRINGE BENEFITS ARE SEPARATELY COMPILED. THEY ARE EXPRESSED IN TERMS OF PERCENTAGES OF EMPLOYEES THE SURVEY ENTITLED TO THEM.
INCLUDED
IN
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 (MANAGERIAL AND PROFESSIONAL EMPLOYEES EXCLUDING TOP MANAGEMENT)".
-
COPIES OF THE REPORT ARE AVAILABLE AT $15 PER COPY AT THE GOVERNMENT PUBLICATIONS CENTRE, GENERAL POST OFFICE BUILDING, GROUND FLOOR, CONNAUGHT PLACE, HONG KONG.
ENQUIRIES ABOUT THE SALARY INDICES AND LABOUR COSTS STATISTICS SECTION OF DEPARTMENT ON 5-8234746 OR 5-8234747.
CAN BE MADE AT THE WAGES THE CENSUS AND STATISTICS
/Table 1
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