XN000022-1989-11-13 — Page 14

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MONDAY. NOVEMBER 13. 1989

JUNE SALARY INDEXES FOR MANAGERIAL/PROFESSIONAL EMPLOYEES

(A). MEASURING CHANGES IN PROFESSIONAL EMPLOYEES, AT HIGHER THAN IN JUNE 1988.

THE OVERALL NOMINAL SALARY INDEX AVERAGE SALARY LEVELS FOR MANAGERIAL AND 190.3 IN JUNE 1989. WAS 15.0 PER CENT ACCORDING TO THE FINDINGS OF THE SURVEY OF SALARIES AND EMPLOYEE MANAGERIAL AND PROFESSIONAL EMPLOYEES (EXCLUDING TOP RELEASED TODAY (MONDAY) BY THE CENSUS

BENEFITS MANAGEMENT

DEPARTMENT.

AND STATISTICA

MEASURES CHANGES AND PROFESSIONAL

THE OVERALL NOMINAL SALARY INDEX (B), WHICH IN AVERAGE SALARY LEVELS ONLY FOR THOSE MANAGERIAL EMPLOYEES WHO REMAINED IN THE SAME JOB AND IN THE SAME COMPANY IN BOTH 1988 AND 1989. WAS 231.2 IN JUNE 1989, REPRESENTING OF 21.0 PER CENT AS COMPARED WITH JUNE 1988.

FOR

AN INCREASE

THESE SALARY INDEXES USED JUNE 1983 AS THE BASE PERIOD.

BETWEEN JUNE 1988 AND JUNE 1989. THE NOMINAL SALARY INDEX [A] LARGE COMPANIES INCREASED BY 16.6 PER CENT AND THAT FOR MEDIUM-SIZED COMPANIES BY 14.6 PER CENT. AS REGARDS THE NOMINAL SALARY INDEX (B). THE CORRESPONDING INCREASES WERE 22. 2 PER CENT AND 20.7 PER CENT RESPECTIVELY. THESE DIFFERENCES IN SALARY INCREASES AS REFLECTED IN THE TWO INDEXES WERE LARGELY DUE TO THE EFFECT OF LABOUR TURNOVER OVER THE PERIOD CONCERNED.

(B) FOR SHOWN

THE NOMINAL SALARY INDEX (A) AND NOMINAL SALARY INDEX JUNE 1989 ANALYSED BY THE MAJOR ECONOMIC SECTORS OF COMPANY ARE IN TABLES 1 AND 2 AND CHART 1.

JUNE

NOMINAL BY DEFLATING THE

SALARY INDEXES BY THE HANG SENG MEASURE CONSUMER PRICE INDEX. THE REAL SALARY INDEXES ARE OBTAINED TO CHANGES IN THE PURCHASING POWER OF THE AMOUNT OF MONEY EARNED. THE OVERALL REAL SALARY INDEX (A) STOOD AT 124.3 IN

1989. PER CENT REPRESENTING AN INCREASE OF 3.7

WHEN COMPARED WITH JUNE STOOD AT 1988. THE OVERALL REAL SALARY INDEX (B). ON THE OTHER HAND. 150.9 IN JUNE 1989. REPRESENTING AN INCREASE COMPARED WITH JUNE 1988.

OF 9.0

PER

CENT

WHEN

FOR

BETWEEN JUNE 1988 AND JUNE 1989. THE REAL SALARY INDEX (A)

THAT FOR MEDIUM-SIZED LARGE COMPANIES INCREASED BY 5.1 PER CENT AND COMPANIES BY 3.3 PER CENT WHILE THE REAL SALARY INDEX AND MEDIUM-SIZED COMPANIES INCREASED BY 10.2 CENT RESPECTIVELY.

PER

(B) CENT AND

FOR LARGE PER 8.7

FOR THE PURPOSE THOSE

BOTH SALARY INDEXES (A) AND (B) ARE DESIGNED OF MEASURING CHANGES IN SALARY LEVELS. HOWEVER. BY CONFINING TO

IN THE SAME COMPANY EMPLOYEES WHO REMAINED IN THE SAME JOB AND 1988 AND 1989, THE SALARY INDEX (B) ONLY ACCOUNTS FOR DUE TO GENERAL INCREMENT. MERITORIOUS INCREASE AND GAIN IN ON THE OTHER HAND. THE SALARY INDEX (A) TAKES INTO ACCOUNT EFFECTS LABOUR MOBILITY AS WELL.

IN SALARY CHANGES SENIORITY,

OF

THE RATE