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Hong Kong employees received an overall base pay rise of 4.2% on average in January 2015, down by 0.3 percentage point when compared with the average base pay adjustment of 4.5% forecasted in October last year, according to the Hong Kong Institute of Human Resource Management's (HKIHRM) January 2015 Pay Trend Survey.
The survey covered 64 companies involving a total of some 91,800 full-time salaried employees. Among all the surveyed companies, 28 of them made and confirmed a base pay adjustment in January 2015, covering a total of 29,127 employees.
The overall average base pay adjustment recorded for the 28 companies was 4.2% (weighted average), 0.3 percentage point lower than the forecasted adjustment of 4.5% announced by the HKIHRM in October 2014.
All of the 28 companies offered an overall base pay increase in 2015. None recorded an overall zero base pay adjustment or pay cut....