XN000022-1992-11-24 — Page 6

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TUESDAY, NOVEMBER 24, 1992

JUNE SALARY INDICES FOR MANAGERS AND PROFESSIONALS

THE

AVERAGE

SALARY LEVEL FOR MANAGERIAL AND PROFESSIONAL EMPLOYEES, AS INDICATED BY THE OVERALL NOMINAL SALARY INDEX (A), WAS 10.4% HIGHER IN JUNE THIS YEAR THAN IN JUNE LAST YEAR.

THE OVERALL NOMINAL SALARY INDEX (B), WHICH MEASURES CHANGES IN THE AVERAGE SALARY LEVEL ONLY FOR THOSE MANAGERIAL AND PROFESSIONAL EMPLOYEES WHO REMAINED IN THE SAME OCCUPATION AND IN THE SAME COMPANY IN BOTH 1991 AND 1992, ROSE BY 13.8% OVER THE SAME PERIOD.

AND

THESE ARE SOME OF THE FINDINGS OF THE 1992 SURVEY OF SALARIES EMPLOYEE BENEFITS

MANAGERIAL AND PROFESSIONAL EMPLOYEES (EXCLUDING TOP MANAGEMENT) RELEASED TODAY (TUESDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.

BOTH SALARY INDICES (A) AND (B) ARE DESIGNED TO MEASURE CHANGES IN SALARY LEVELS.

SAME

HOWEVER, BY CONFINING TO THOSE EMPLOYEES WHO REMAINED IN THE OCCUPATION AND IN THE SAME COMPANY IN 1991 AND 1992, 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 EFFECTS OF LABOUR MOBILITY AS WELL.

INTO ACCOUNT

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 1991 AND JUNE 1992, THE NOMINAL SALARY INDEX (A) FOR LARGE COMPANIES INCREASED BY 9.7% AND THAT FOR MEDIUM-SIZED COMPANIES BY 10.6%.

AS REGARDS THE NOMINAL SALARY INDEX INCREASES WERE 13.9% AND 13.8% RESPECTIVELY.

(B), THE CORRESPONDING

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 0.4% AND 3.5% RESPECTIVELY IN JUNE 1992.

AMONG THE MANAGERIAL AND PROFESSIONAL FMPLOYEES COVERED IN THE SURVEY, 68% OF THEM WERE ENTITLED TO PROFIT-SHARING BONUS, 38% то HOUSING BENEFITS OF SOME KIND AND 79% TO PROVIDENT/RETIREMENT FUND OR PENSION.

/IT WAS

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