JobsDB Compensation and Benefit Survey Report …hk.jobsdb.com/StaticContent/hk/compensation-and-benefit...Definitions JobsDB Compensation and Benefit Survey 2013 COPYRIGHT@ 2012,

JobsDB Compensation and Benefit Survey Report 2013

CONTENT

JobsDB Compensation and Benefit Survey 2013 COPYRIGHT@ 2012, JobsDB HK. ALL RIGHTS RESERVED. 1

Introduction …………………………………………………………………………………………………………………………

Scope and methodology ……………………………………………………………………………………………………….

Definition ……………………………………………………………………………………………………………………………...

Chart Size of participating companies

6

7-8

9

1. Hiring plan and market expectation

Chart Hiring plan comparison (Quarterly)

1.1 Hiring plan in coming three months……………………………………………………............................ 10

1.2 Predicted change in head count of companies………………………………………..........................

Chart Predicted change in head count in 2013

1.3 Expectation on employment market in 2013……………………………………...............................

Chart Expectation on employment market in 2013

11

12

2. Minimum wage

2.1 Minimum wage effect ……………………………………………………................................................ 13 Chart Minimum wage effect

2.2 Rate of minimum wage……………………………………………………................................................ 14

CONTENT (con’t)


3. Pay adjustment prediction in 2013

3.2 Pay adjustment – by company size………………………………………………………………………………….

15

16 Chart Percentage of monthly salary adjustment in 2013 – by company size

3.1 Distribution of pay adjustment prediction in 2013…………………………………………………………

Chart Distribution of monthly salary adjustment in 2013

3.3 Pay adjustment – by business sectors…………………………………………………………………………….

Chart Percentage of monthly salary adjustment in 2013 – by business sectors

17

3.4 Pay adjustment – by job functions………………………………………………………………………………….

Chart Percentage of monthly salary adjustment in 2013 – by job functions

18

CONTENT (con’t)


20-21

22-23

24-25

26-27

28-29

30-31

32-33

34-35

36-37

38-39

40-41

42-43

3.5 Pay adjustment – by job positions ……………………………………………………………………………………..

Chart Monthly salary adjustment in 2013 – Accounting ……………………………….......................

Chart Monthly salary adjustment in 2013 – Clerical / Secretarial / Operations ……………………....

Chart Monthly salary adjustment in 2013 – Design……………………………………………………………

Chart Monthly salary adjustment in 2013 – Engineering……………………………….......................

Chart Monthly salary adjustment in 2013 – Executive / General Management ……………………….

Chart Monthly salary adjustment in 2013 – Human Resources & Administration …………………….

Chart Monthly salary adjustment in 2013 – Information Technology …………………………………….

Chart Monthly salary adjustment in 2013 – Shipping / Logistics…..…………….………………………..

Chart Monthly salary adjustment in 2013 – Marketing……………………………………………………….

Chart Monthly salary adjustment in 2013 – Merchandising…….……….…………………………………

Chart Monthly salary adjustment in 2013 – Retail …….……….……..……..………………………………

Chart Monthly salary adjustment in 2013 – Sales …….……….……..……..……………………………….

19

CONTENT (con’t)


Chart Percentage of companies providing performance bonus in 2012

Chart Percentage of companies providing guaranteed performance bonus in 2012

4.1.1. Performance bonus in 2012 – by company size………………………..….…………………………….

4.1.2. Expected performance bonus in 2013 – by company size

45

Chart Comparison of performance bonus provided in 2012 & 2013

– by company size…………………………. ….………………………………………………………….

44

46

4.1.3. Performance bonus in 2012 – by business sectors………………………..……………………………

4.1.4. Expected performance bonus in 2013 – by business sectors

47


– by business sectors…………………………. ….……………………………………………………… 48

4.1.5. Performance bonus in 2012 – by employee levels………………………. ….…………………………

4.1.6. Expected performance bonus in 2013 – by employee levels

49


– by employee levels…………………………. ….………………………………………………………. 50

4.1 Performance bonus……………………………………………………........................................................

Chart Percentage of companies providing double pay in 2012

Chart Percentage of companies providing guaranteed double pay in 2012

51 4.2 Double pay…………………………………………………….......................................................................

4. Bonuses

CONTENT (con’t)


5. Benefits……………………………………………………………………………………………………………………………………..

4.2.3. Double pay in 2012 – by business sectors………………………. ….………………………………….……….

4.2.4. Expected double pay in 2013 – by business sectors

54

Chart Comparison of double pay provided in 2012 & 2013

– by business sectors…………………………. ….…………………………………………..………….. 55

4.2.5. Double pay in 2012 – by employee levels………………………. ….……………………………………………

4.2.6. Expected double pay in 2013 – by employee levels

56


– by employee levels…………………………. ….……………………………………………..………... 57

4.2.1. Double pay in 2012 – by company size………………………. ….………………………………………….…...

4.2.2. Expected double pay in 2013 – by company size

52


– by company size…………………………. ….………………………………………………………….. 53

58-59

Introduction


To assist HR professionals devise their human resources plans for next year, JobsDB conducted a

Compensation & Benefit Survey at the end of 2012. The most updated information from 114

corporations of different business sectors in Hong Kong is obtained. A report is compiled to provide

valuable prediction on salary trend and benefit adjustment for 2013.

Disclaimer

The information provided in this report is for reference only. Whilst JobsDB endeavors to ensure the accuracy of the information in this report, no express or

implied warranty is given by JobsDB as to the accuracy of the information. JobsDB shall not be liable for any damages (including, without limitation, damages for

loss of business or loss of profits) arising in contract, tort or otherwise from the use of or inability to use this report, or any material contained in it, or from any

action or decision taken as a result of using this report or any such material.

Scope and Methodology


1. Objective The aim of this survey is to collect information on the pay trend of full-time salaried employees working in different business sectors in Hong Kong between 2012 and 2013. Besides, information on various types of benefits was also collected for analysis. These findings will help companies make informed hiring decisions and provide useful data on pay/benefit adjustment. 2. Survey coverage The survey covered 114 companies from 18 business sectors. Only full-time salaried employees working in Hong Kong were surveyed. Expatriates, part-time and temporary employees were excluded. Among the surveyed companies, 52% of the companies employ less than 50 staff, 20% employ 50-100 staff, 11% employ 101-200 staff, 14% employ 201-500 staff, and 3% employ more than 500 staff.

Less than 50 employees 52%

50 - 100 employees 20%

101 - 200 employees 11%

201 - 500 employees 14%

More than 500 employees 3%

Size of participating companies (Number of participating companies: 114)

Scope and Methodology (con’t)


3. Datum Point Basic monthly salary (excluding any bonuses, but including commission) of surveyed companies as at 1 September 2012 was recorded and predicted adjustment of basic monthly salary in 2013 was captured. The compensation and benefits in 2012 and 2013 were also surveyed. 4. Data Collection Method The survey was conducted through an online questionnaire. Companies were invited to fill in the questionnaire through e-mail from 3 October to 24 October 2012. 5. Data Analysis Surveyed companies were requested to provide data of basic monthly salary of each job position in 2012, predicted salary adjustment of each job position in 2013 and compensation and/or benefits provided. The data was analyzed to determine the “average”, “median”, “25th percentile”, “75th percentile”, or “percentage” for basic monthly salary, predicted salary adjustment, annual leave, performance bonus and double pay. For other compensation or benefits, “percentage” was to be determined. Separate analyses were carried out by grouping the surveyed companies according to their business sectors or companies size, or grouping the job positions according to their job functions.

Definitions


Basic monthly salary (HK$): the present monthly salary excluding any bonuses (both guaranteed and non-guaranteed bonuses) but including commission in a particular job position. The present salary was recorded as at 1 September 2012

Predicted adjustment (%): the predicted adjustment of a basic monthly salary in a particular job position in 2013

Employees: it refers to those full-time salaried employees working in Hong Kong only. Expatriates, part-time and temporary employees are excluded

Employee level: employees are grouped into four categories based on their field’s experience: 1. Top / senior management 2. Middle management / non-managerial professionals

3. Supervisory / officers

4. Clerical / frontline

Average: a mathematical average of a set of data values (basic monthly salaries, percentage adjustments, number of annual leave, and performance

bonus or double pay). Arithmetic average will not be provided when number of the data values used in calculation is 5 or less. Median: a middle number of a set of data values (basic monthly salaries, percentage adjustments, number of annual leave and performance bonus or

double pay) which divides the whole set into halves. Median will not be provided when number of the data values used in calculation is 5 or less. 25th percentile (1st quartile): it is the number of a set data values (basic monthly salaries, percentage adjustments, number of annual leave and

performance bonus or double pay) which cuts off the lowest 25% of data. 75th percentile (3rd quartile): it is the number of a set data values (basic monthly salaries, percentage adjustments, number of annual leave and

performance bonus or double pay) which cuts off the highest 25% of data. Inter-quartile Range (Q-range): the difference between the data values at the 25th and 75th percentiles and is a measure of statistical dispersion

Hiring plan and market expectation


1.1 Hiring plan in coming three months Among the respondents, 63% said they will hire staff in the coming three months. This percentage is increased by 9% compared with Q2 2012 (54% said they will hire staff) and increased by 7% compared with the same period last year (Q3 2011: 56%). On the other hand, 25% of respondents said they will freeze head count, which is 2% higher than Q2 2012. Only 2% of respondents will cut head count.

Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012

We will hire staff 56% 63% 67% 54% 63%

We will cut head count 1% 4% 1% 6% 2%

We will freeze head count 26% 20% 19% 23% 25%

No plan yet 17% 13% 13% 16% 11%

0%

10%

20%

30%

40%

50%

60%

70%

80%

% o

f co

mp

anie

s

Hiring plan comparison (Quarterly)

We will hire staff

We will cut head count

We will freeze head count

No plan yet

1

Remarks: Sum of percentages may not equal 100% due to rounding



1.2 Predicted change in head count of companies In terms of predicted change in head count of companies, 65% of companies predicted to have an overall increase in head count in 2013. 30% of companies expected to keep the same head count and 5% predicted a decrease in head count.

Increase in head count 65%

Decrease in head count 5%

No change in head count 30%

Predicted change in head count in 2013

1



1.3 Expectation on employment market in 2013 When asked about the expectation on Hong Kong’s employment market in 2013, 18% of the surveyed companies think that the employment market will be more active than 2012, while 20% think that it will be less active. 47% think that the condition will be about the same as 2012.

More active than 2012 18%

Less active than 2012 20%

About the same as 2012 47%

Not sure 15%

Expectation on employment market in 2013

1

Minimum Wage


2.1 Minimum wage effect 42% of the companies increased salary adjustment after the introduction of minimum wage. 36% of the companies increased product / service price. Most of employers claimed minimum wage has no effect on benefits, bonus / double pay and no. of staff.

2

54%

76% 72% 70%

60%

4%

8% 11% 16%

4%

42%

16% 18% 14%

36%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Salary Adjustment Benefit Bonus / Double pay No of staff Product / Service price

% o

f em

plo

yee

Minimum wage effect

Increase

Decrease

No Change

Remarks: Sum of percentages may not equal 100% due to rounding

Minimum Wage


2

2.2 Rate of minimum wage

When asked about the proposed rate of minimum wage for the upcoming policy review, the average rate is $30.7/ hour.

Pay adjustment prediction in 2013


3

3.1 Distribution of pay adjustment prediction in 2013 70% of employees are expected to have a pay rise in 2013, including 34.9% of employees having a salary increase of 4.1% - 5%. 29.7% of employees will have a salary freeze. 0.3% of employees will have a pay fall.

0.3%

29.7%

0.0%

2.9%

16.2%

5.8%

34.9%

0.1%

10.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

< 0% 0% 0.1-1% 1.1-2% 2.1-3% 3.1-4% 4.1-5% 5.1-6% More than 6%

% o

f em

plo

yee

Distribution of monthly salary adjustment in 2013

70%



3

3.2 Pay adjustment – by company size In terms of company size, companies with more than 500 staff is reported to have the highest average increase of monthly salary in 2013 (5.8%). Companies with 201 - 500 staff have the lowest average increase of monthly salary (2.5%). The average salary adjustment among all companies is 3.4%.

3.7%

2.8% 2.6% 2.5%

5.8%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

Less than 50 50 - 100 101 - 200 201 - 500 More than 500

Percentage of monthly salary adjustment in 2013 - by company size

Overall adjustment = 3.4%



3

3.3 Pay adjustment – by business sectors In terms of business sectors, Medical / Pharmaceutical is reported to have the highest average increase of monthly salary in 2013 (7.8%), followed by Engineering – Building, Civil, Construction / Quantity Survey (6.9%). The average salary adjustment among all business sectors is 3.4%.

3.2% 2.5%

3.4%

0.4%

4.2%

6.9%

5.0%

3.3%

1.9% 2.5%

1.6%

4.3%

3.3%

0.2%

7.8%

4.8%

3.2%

4.4%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

% o

f ad

just

men

t

Percentage of monthly salary adjustment in 2013 - by business sectors




3 3.4 Pay adjustment – by job functions In terms of job functions, Engineering is expected to have the highest salary increase (5.6%), followed by Information Technology (3.5%). The overall average across all job functions is 3.4%.

3.4%

3.0%

3.1%

5.6%

3.1%

2.5%

3.5%

2.4%

3.2% 3.1% 3.4%

1.7%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

% o

f ad

just

men

t

Percentage of monthly salary adjustment in 2013 - by job functions




3.5 Pay adjustment – by job positions In terms of job positions, the highest average salary increase is observed in technician(6.2%), followed by Assistant Engineer (5.9%) and Senior Designer, Engineer and Senior Engineer (all are 5.4%).

3

Accounting Information Technology

Clerical / Secretarial / Operations Shipping / Logistics

Design Marketing

Engineering Merchandising

Executive / General Management Retail

Human Resources & Administration Sales



3

96,580

75,083

40,089

31,688

24,356 17,660

13,348

99,266

77,256

41,438

32,540

25,146

18,221 13,808

0

20,000

40,000

60,000

80,000

100,000

120,000

CFO / Financial Director

Financial Controller Accounting / Finance Manager

Chief Accountant Accountant / Senior Accountant

Assistant Accountant

Accounting Clerk / Officer

HK

$

Present (2012) & predicted (2013) average monthly salary (Accounting - by job functions)

2012 2013

2012

Average 96,580 75,083 40,089 31,688 24,356 17,660 13,348

Median 80,000 61,500 40,000 32,000 25,000 18,000 13,000

Q-Range 55,000 – 120,000 53,750 – 70,500 35,000 – 45,000 29,000 – 36,250 17,200 – 28,500 14,000 – 20,000 11,140 – 15,000

2013 Average 99,266 77,256 41,438 32,540 25,146 18,221 13,808



3

3.1%

3.9%

3.4%

2.9%

3.1%

3.4% 3.5%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

CFO / Financial Director

Financial Controller Accounting / Finance Manager

Chief Accountant Accountant / Senior Accountant

Assistant Accountant Accounting Clerk / Officer

% o

f ad

just

men

t

Percentage of monthly salary adjustment (Accounting - by job positions)




3

10,589 8,910

10,285

25,093

16,138

42,356

25,868

18,195

14,606 10,936

9,198 10,560

25,755

16,660

43,536

26,391

18,574

14,932

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

Clerk Office Assistant Receptionist Executive Secretary

Secretary Operations Manager

Assistant Operations Manager

Operations Officer

Office Administrator

HK

$

Present (2012) & predicted (2013) average monthly salary (Clerical / Secretarial / Operations - by job functions)

2012 2013

2012

Average 10,589 8,910 10,285 25,093 16,138 42,356 25,868 18,195 14,606

Median 11,000 8,500 10,000 25,000 17,000 35,803 25,000 20,000 15,000

Q-Range 9,971 – 11,875 8,000 – 10,000 9,000 – 11,000 20,000 – 31,800 13,662 – 18,000 30,000 – 42,750 23,000 – 30,000 16,000 – 20,000 13,125 – 15,000

2013 Average 10,936 9,198 10,560 25,755 16,660 43,536 26,391 18,574 14,932



3.3% 3.1%

2.7% 2.6%

3.3% 3.5%

2.4% 2.3%

2.7%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

Clerk Office Assistant Receptionist Executive Secretary

Secretary Operations Manager

Assistant Operations Manager

Operations Officer

Office Administrator

% o

f ad

just

men

t

Percentage of monthly salary adjustment (Clerical / Secretarial / Operations - by job positions)


3



3

24,030

17,160

13,619

24,550

18,012

14,011

0

5,000

10,000

15,000

20,000

25,000

30,000

Design Manager Senior Designer Graphic / Fashion / Interior / Web Designer

HK

$

Present (2012) & predicted (2013) average monthly salary (Design - by job functions)

2012 2013

2012

Average 24,030 17,160 13,619

Median 24,060 17,000 13,000

Q-Range 22,690 – 25,400 15,000 – 18,800 13,000 – 15,000

2013 Average 24,550 18,012 14,011



2.0%

5.4%

2.8%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

Design Manager Senior Designer Graphic / Fashion / Interior / Web Designer

% o

f ad

just

men

t

Percentage of monthly salary adjustment (Design - by job positions)


3



43,093

32,712

26,947

21,444

15,622

11,332

44,650

34,379

28,444

22,611

16,555

12,051

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

Engineering Manager Assistant Engineer Manager

Senior Engineer Engineer Assistant Engineer Technician

HK

$

Present (2012) & predicted (2013) average monthly salary (Engineering - by job functions)

2012 2013

2012

Average 43,093 32,712 26,947 21,444 15,622 11,332

Median 46,052 31,504 26,667 20,155 15,000 11,500

Q-Range 40,000 – 46,052 30,000 – 41,310 20,000 – 32,900 18,000 – 22,000 15,000 – 16,000 10,000 – 11,500

2013 Average 44,650 34,379 28,444 22,611 16,555 12,051

3



3.7%

4.8%

5.4% 5.4%

5.9% 6.2%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

Engineering Manager Assistant Engineer Manager

Senior Engineer Engineer Assistant Engineer Technician

% o

f ad

just

men

t

Percentage of monthly salary adjustment (Engineering - by job positions)


3



3

105,340

79,499

63,845

109,228

82,104

65,495

0

20,000

40,000

60,000

80,000

100,000

120,000

CEO/President Vice President General Manager

HK

$

Present (2012) & predicted (2013) average monthly salary (Executive / General Management - by job functions)

2012 2013

2012

Average 105,340 79,499 63,845

Median 100,000 52,500 54,300

Q-Range 60,000 – 150,000 50,000 – 92,500 48,500 – 75,000

2013 Average 109,228 82,104 65,495



3

3.4%

3.1%

2.7%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

CEO/President Vice President General Manager

% o

f ad

just

men

t

Percentage of monthly salary adjustment (Executive / General Management - by job positions)




3

2012

Average 54,300 34,005 19,070 15,245 11,812 38,762 25,143 16,695 9,688 36,250

Median 53,500 32,000 20,000 15,000 10,000 34,450 25,000 18,000 9,000 38,500

Q-Range 33,250 – 60,000 30,000 – 38,375 18,000 – 20,000 12,750 – 16,000 10,000 – 13,500 30,425 – 45,750 25,000 – 27,000 14,000 – 18,000 9,000 – 9,500 32,750 – 42,000

2013 Average 55,440 35,141 19,833 15,636 12,211 39,644 25,539 17,219 9,791 37,313

54,300

34,005

19,070

15,245

11,812

38,762

25,143

16,695

9,688

36,250

55,440

35,141

19,833 15,636

12,211

39,644

25,539

17,219

9,791

37,313

0

10,000

20,000

30,000

40,000

50,000

60,000

HR & Administration

Director

HR Manager HR Officer Assistant HR Officer

HR Assistant Administration Manager

Assistant Administration

Manager

Administration Officer

Administration Assistant / Clerk

Training Manager

HK

$

Present (2012) & predicted (2013) average monthly salary (Human Resources & Administration - by job functions)

2012 2013



3

1.8%

3.2%

4.1%

2.5%

3.6%

2.1%

1.6%

3.2%

0.9%

2.5%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

HR & Administration

Director

HR Manager HR Officer Assistant HR Officer

HR Assistant Administration Manager

Assistant Administration

Manager

Administration Officer

Administration Assistant /

Clerk

Training Manager

% o

f ad

just

men

t

Percentage of monthly salary adjustment (Human Resources & Administration - by job positions)




3

59,167

39,115

32,200

22,831 23,498 19,462

16,867

29,188

18,111 17,437 19,528

13,225

60,154

40,431

33,466

23,430 24,441 20,025

17,429

29,965

18,593 17,845 20,202

13,720

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

IT Director IT Manager Project Manager

Architect / Consultant

System Analyst

Analyst Programmer

Programmer Systems Support / Network Manager

Database Administrator

Network Administrator

Network Engineer

Technical Support

HK

$

Present (2012) & predicted (2013) average monthly salary (Information Technology - by job functions)

2012 2013

2012

Average 59,167 39,115 32,200 22,831 23,498 19,462 16,867 29,188 18,111 17,437 19,528 13,225

Median 62,500 40,000 32,000 23,900 20,000 19,000 16,000 30,000 16,000 16,000 19,000 12,000

Q-Range 41,250 – 76,250 31,000 – 50,000 30,000 – 35,000 14,000 – 25,000 19,000 – 25,000 14,000 – 25,000 16,000 – 17,750 17,750 – 36,000 13,000 – 20,000 14,000 – 20,000 18,250 – 19,000 11,000 – 14,850

2013 Average 60,154 40,431 33,466 23,430 24,441 20,025 17,429 29,965 18,593 17,845 20,202 13,720



3

1.6%

3.3%

4.0%

2.7%

4.1%

3.5% 3.5%

2.9%

3.1%

2.7%

3.4%

3.8%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

IT Director IT Manager Project Manager

Architect / Consultant

System Analyst

Analyst Programmer

Programmer Systems Support / Network Manager

Database Administrator

Network Administrator

Network Engineer

Technical Support

% o

f ad

just

men

t

Percentage of monthly salary adjustment (Information Technology - by job positions)




3

2012

Average 34,001 17,243 15,659 11,348

Median 35,803 16,703 15,558 11,773

Q-Range 27,675 – 35,803 16,703 – 16,926 15,000 – 17,000 11,000 – 11,773

2013 Average 34,598 17,417 16,260 11,606

34,001

17,243 15,659

11,348

34,598

17,417 16,260

11,606

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

Shipping Manager / Logistics Manager

Shipping Supervisor / Logistics Supervisor

Shipping / Logistics Officer or Executive

Shipping / Logistics Assistant or Clerk

HK

$

Present (2012) & predicted (2013) average monthly salary (Shipping / Logistics - by job functions)

2012 2013



3

2.2%

1.1%

4.1%

2.4%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

Shipping Manager / Logistics Manager

Shipping Supervisor / Logistics Supervisor

Shipping / Logistics Officer or Executive

Shipping / Logistics Assistant or Clerk

% o

f ad

just

men

t

Percentage of monthly salary adjustment (Shipping / Logistics - by job positions)




3

68,216

43,982

35,975

25,624 24,400

16,547 12,941

70,158

45,733

37,449

26,398 25,077

16,883 13,299

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

Marketing Director Senior Marketing Manager

Marketing Manager

Assistant Marketing Manager

Senior Marketing Executive / Officer

Marketing Executive / Officer

Marketing Assistant

HK

$

Present (2012) & predicted (2013) average monthly salary (Marketing - by job functions)

2012 2013

2012

Average 68,216 43,982 35,975 25,624 24,400 16,547 12,941

Median 65,580 38,000 38,667 25,000 24,000 15,000 12,000

Q-Range 45,000 – 90,000 35,000 – 48,760 30,000 – 42,000 23,500 – 27,863 20,000 – 30,250 13,300 – 18,000 12,000 – 13,000

2013 Average 70,158 45,733 37,449 26,398 25,077 16,883 13,299



3

3.0%

3.8%

4.4%

2.7%

3.1%

1.9%

2.9%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%

Marketing Director Senior Marketing Manager

Marketing Manager Assistant Marketing Manager

Senior Marketing Executive / Officer

Marketing Executive / Officer

Marketing Assistant

% o

f ad

just

men

t

Percentage of monthly salary adjustment (Marketing - by job positions)




3

38,579

27,818

23,611

17,186

11,651 8,875

39,831

28,413

24,011

17,766

12,078 9,196

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

Merchandising Manager Assistant Merchandising Manager

Senior Merchandiser Merchandiser Assistant Merchandiser Merchandising Clerk

HK

$

Present (2012) & predicted (2013) average monthly salary (Merchandising - by job functions)

2012 2013

2012

Average 38,579 27,818 23,611 17,186 11,651 8,875

Median 40,000 28,000 25,000 17,500 12,000 9,000

Q-Range 36,000 – 40,000 25,000 – 31,000 24,250 – 25,000 17,000 – 18,000 12,000 – 12,000 8,750 – 9,000

2013 Average 39,831 28,413 24,011 17,766 12,078 9,196



3

3.3%

2.0%

1.8%

3.4%

3.7% 3.6%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

Merchandising Manager Assistant Merchandising Manager

Senior Merchandiser Merchandiser Assistant Merchandiser Merchandising Clerk

Percentage of monthly salary adjustment (Merchandising - by job positions)




3

20,444

14,681

11,889

20,609

15,270

12,483

0

5,000

10,000

15,000

20,000

25,000

Shop / Store / Retail Manager Shop/ Store / Retail Supervisor Sales Representative/ Executive

HK

$

Present (2012) & predicted (2013) average monthly salary (Retail - by job functions)

2012 2013

2012

Average 20,444 14,681 11,889

Median 15,000 15,000 11,000

Q-Range 15,000 – 28,756 14,625 – 15,000 9,500 – 14,000

2013 Average 20,609 15,270 12,483



3

0.9%

3.8%

5.0%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

Shop / Store / Retail Manager Shop/ Store / Retail Supervisor Sales Representative/ Executive

% o

f ad

just

men

t

Percentage of monthly salary adjustment (Retail - by job positions)




55,587

40,007

30,778

22,136 18,988

12,706

31,429

20,244

58,742

41,486

31,713

22,514 19,290

12,883

31,969

20,909

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

Sales Director Senior Sales Manager

Sales Manager Assistant Sales Manager

Sales Supervisor Sales Executive / Representative

Senior Sales Engineer

Sales Engineer

HK

$

Present (2012) & predicted (2013) average monthly salary (Sales - by job functions)

2012 2013

2012

Average 55,587 40,007 30,778 22,136 18,988 12,706 31,429 20,244

Median 48,500 43,500 29,000 17,800 20,000 8,600 20,000 18,500

Q-Range 42,375 – 68,000 28,250 – 49,153 21,906 – 44,000 15,874 – 25,000 12,556 – 20,000 8,600 – 15,000 16,000 – 26,000 15,250 – 20,830

2013 Average 58,742 41,486 31,713 22,514 19,290 12,883 31,969 20,909

3



3

2.1%

2.5% 2.5%

1.6% 1.5%

1.1%

2.6%

3.8%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

Sales Director Senior Sales Manager

Sales Manager Assistant Sales Manager

Sales Supervisor Sales Executive / Representative

Senior Sales Engineer

Sales Engineer

% o

f ad

just

men

t

Percentage of monthly salary adjustment (Sales - by job positions)


Bonuses


4

4.1 Performance bonus Among all companies surveyed, 93% provided performance bonus in 2012 and only 7% of them provided guaranteed performance bonus.

Yes 93% No

7%

Companies providing performance bonus in 2012

Yes 7%

No 93%

Companies providing guaranteed performance bonus in 2012

Bonuses


4

4.1.1 Performance bonus in 2012 – by company size For performance bonus, companies with more than 500 staff provided the highest average performance bonus in 2012 (1.4 months of the basic salary). The overall performance bonus provided by the surveyed companies is 1.3 months. 4.1.2 Expected performance bonus in 2013 – by company size In 2013, the overall predicted performance bonus is 1.3 months. No companies reported any decrease in predicted performance bonus. Companies with 101 – 200 staff reported an increase in predicted performance bonus from 1.1 months to 1.3 months of basic salary. Predicted performance bonus for other companies remains the same as in 2012.

Bonuses


4

1.3 1.3

1.1

1.3

1.4

1.3 1.3 1.3 1.3

1.4

0.0

0.2

0.4

0.6

0.8

1.0

1.2

1.4

1.6


no

. of

mo

nth

s

no. of employees

Comparison of performance bonus provided in 2012 and 2013 - by company size

2012 2013

Overall average (2012) = 1.3 months


Bonuses


4.1.3 Performance bonus in 2012 – by business sectors For performance bonus, medical / pharmaceutical provided the highest average performance bonus in 2012 (2.9 months of the basic salary), followed by manufacturing (1.9 months) , banking and freight forwarding / delivery / shipping (1.7 months). 4.1.4 Expected performance bonus in 2013 – by business sectors In terms of business sectors, medical / pharmaceutical is expected to provide the highest average performance bonus (2.9 months of the basic salary) in 2013. Electronics/Electrical Equipment reported the highest increase in performance bonus (from 1.4 months to 1.8 months) while Clothing/Garment/Textile reported the highest decrease (from 1.4 months to 0.9 month).

4

Bonuses


4

0.8

1.7

1.4

0.4

1.4 1.3 1.6 1.5

0.9

1.7

0.9

0.6

1.9

0.4

2.9

0.9

1.2 1.0

1.4

0.9

1.8

0.9

0.3

1.8

1.3 1.6

1.3

1.1

1.6

1.0

0.6

1.8

0.6

2.9

0.5

1.3

1.0

1.5

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

no

. of

mo

nth

s

Comparison of performance bonus provided in 2012 and 2013 - by business sectors

2012 2013



Bonuses


4

4.1.5 Performance bonus in 2012 - by employee levels The overall average amount of performance bonus in 2012 was 1.6 months (of the basic monthly salary) for top / senior management , 1.2 months for middle management / non-managerial professionals, 1.1 months for supervisory / officers, and 1.0 month for clerical / frontline staff. 4.1.6 Expected performance bonus in 2013 - by employee levels Except an increase in the predicted average amount of performance bonus for top management (1.6 months to 1.7 months) and clerical / frontline staff (1.0 month to 1.1 months), performance bonus for all other employee levels in 2013 is expected to be the same compared with 2012.

Bonuses


1.6

1.2

1.1

1.0

1.7

1.2

1.1 1.1

0.0

0.2

0.4

0.6

0.8

1.0

1.2

1.4

1.6

1.8

Top Management Middle Management / Non-managerial Professionals

Supervisory / Officers Clerical / Frontline

no

. of

mo

nth

s

Comparison of performance bonus provided in 2012 and 2013 - by employee levels

2012 2013



4

Double Pay


4

Yes 45%

No 55%

Companies providing double pay in 2012

Yes 80%

No 20%

Companies providing guaranteed double pay in 2012

4.2 Double pay Among all companies surveyed, 45% provided double pay in 2012 and 80% of them provided guaranteed double pay.

Double Pay


4.2.1 Double pay in 2012 – by company size In 2012, in terms of company size, companies with less than 50 staff and 101 – 200 provided the highest average amount of double pay (0.6 month of the basic salary). The overall average of double pay provided by the surveyed companies is 0.5 month. 4.2.2 Expected double pay in 2013 – by company size The double pay for the all companies is predicted to be the same as in 2012. The predicted overall average of double pay is 0.5 month of basic salary.

4

Double Pay


0.6

0.4

0.7

0.3 0.3

0.6

0.4

0.7

0.3 0.3

0.0

0.1

0.2

0.3

0.4

0.5

0.6

0.7

0.8


no

. of

mo

nth

s

no. of employees

Comparison of double pay provided in 2012 and 2013 - by company size

2012 2013

Overall average (2012) = 0.5 month


4

Double Pay


4

4.2.3 Double pay in 2012 – by business sectors In 2012, in terms of business sectors, clothing / garment / textile and medical / pharmaceutical provided the highest average amount of double pay (1.0 month of basic salary). 4.2.4 Expected double pay in 2013 – by business sectors In 2013, clothing / garment / textile and medical / pharmaceutical are predicted to provide the highest average amount of double pay (1.0 month of basic salary). All business sectors maintain the same average amount of double pay for 2012 and 2013.

Double Pay


4

0.7

0.9

1.0

0.0

0.4

0.3

0.1

0.3

0.0

0.8

0.4 0.4 0.4

0.5

1.0

0.0

0.9

0.7

0.5

0.7

0.9

1.0

0.0

0.4

0.3

0.1

0.3

0.0

0.8

0.4 0.4 0.4

0.5

1.0

0.0

0.9

0.7

0.5

0.0

0.2

0.4

0.6

0.8

1.0

1.2

no

. of

mo

nth

s

Comparison of double pay provided in 2012 and 2013 - by business sectors

2012 2013



Double Pay


4

4.2.5 Double pay in 2012 – by employee levels In 2012, the overall average amount of double pay for all employee levels was 0.5 month (of the basic monthly salary). 4.2.6 Expected double pay in 2013 – by employee levels In 2013, the predicted double pay for all employee levels is 0.5 month.

Double Pay


0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5

0.0

0.1

0.2

0.3

0.4

0.5

0.6

Top Management Middle Management / Non-managerial Professionals

Supervisory / Officers Clerical / Frontline

no

. of

mo

nth

s

Comparison of double pay provided in 2012 and 2013 - by employee levels

2012 2013



4

Benefits


The Compensation & Benefit Survey shows that employers are providing various benefits to help employees achieve work-life balance and build their careers. 5-Day Working Week The survey findings indicated that by 2013, 80% of the surveyed companies will be implementing five-day working week. Among the surveyed companies, 76% have already implemented the five-day working week policy in 2012 or before, and 4% expect to implement in 2013. Flexible Working Hours Of the surveyed companies, only 9% have implemented flexible working hours in their workplace, and only 9% of the companies expect to introduce this practice in 2013. Leave In addition to annual leave and sick leave, the most popular types of leave include marriage leave (73%) and compassionate leave (68%). 31% of the surveyed companies provided paternity leave and 30% provided study and examination leave.

5

Benefits


Other Benefits For health-related benefits, 27% of the surveyed companies provided an ergonomic environment. For family friendly-related benefits, 11% provided family leave. The most common type of insurance plan offered in 2012 was clinical (out-patient service) (83%), followed by hospitalization (81%) and Chinese Bonesetters consultation and Chinese medical practitioners consultation (73%). 40% of the companies provided overtime compensation, and 5% of companies expect to provide overtime compensation in 2013. The most common types of overtime compensation are compensation leave (72%) and meal allowance (46%). 73% of surveyed companies provided training for staff in 2012, while 48% of companies provided education allowance. Other benefits mentioned in this survey include housing benefit, personal loan, tax subsidies and rental reimbursement.

5

JobsDB Compensation and Benefit Survey Report …hk.jobsdb.com/StaticContent/hk/compensation-and-benefit...Definitions JobsDB Compensation and Benefit Survey 2013 COPYRIGHT@ 2012,

Documents