2024 Salary Increase Projections Hong Kong. Among 139 organisations in hong kong that provided projected data for 2024, 62% forecast a pay rise next year, with the average projected adjustment being 4.1% upward. The findings also revealed that employers are anticipating an average pay increase of +2.2% in 2024, reflecting a rebound of 0.6 percentage points compared to the +1.6% in.
In 2023, 96% of organizations increased salaries (compared to 63% in 2020) as overall salary increase budgets and total compensation spend reached new heights. The financial secretary has approved that the fixed pay of hkma staff will be adjusted upward by a general increase of 2.1%, whereas an allocation of 1.35% of fixed pay is.