2024 Salary Increase Projections Hong Kong. Real wage growth in hong kong in 2023, calculated as nominal wage growth minus inflation, stood at 1.8 percent and the projection for 2024 is 1.7 percent, according to. 15.5% plan to hire more contract.
Inflation in december 2023 was 3.4% and, according to wtw’s december 2023 global salary budget planning report, average salary increases in 2023 were 4.4%. 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.
He Also Cited Data From His Own Company Showing The City’s Median Income Had Risen From Hk$18,000 (Us$2,300) In 2022 To Hk$20,000 This Year, An Increase Of About 11 Per Cent.
Workers in hong kong can expect to see an average salary increase of 3.3 percent in 2024, with the construction and catering sectors likely to lead the way.
It Is Expected To Drop To Closer To 4.5% In 2024 As Inflationary Pressures Ease.
By dexter tilo 22 mar 2024.
2024 Salary Increase Projections Hong Kong Images References :
The Main Barriers For Recruitment In.
While salaries in singapore and malaysia are expected to stay flat at 4.0 percent and 5.0.
15.5% Plan To Hire More Contract.
He also cited data from his own company showing the city’s median income had risen from hk$18,000 (us$2,300) in 2022 to hk$20,000 this year, an increase of about 11 per cent.
About the author