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Hiring, Compensation & Benefits Report 2018

jobsDB Hiring, Compensation & Benefits Survey Report 2018

This report offers the most important remuneration trend going forward in 2018, with data from 191 corporations of various business sectors in Hong Kong. It provides an up-to-date overview on the industry practices including hiring intention, prevailing pay rates, bonus payout quantum and key work-life balance benefits. Use the data to plan for your compensation and benefits policy and stay competitive in today’s marketplace.

This page features the highlights of the report. Be sure to download the full report as a guide for your organization's use.

Key highlights of this year

Employers' expectation on the employment market:
more positive than 2017

Employers' expectation on employment market

(2017 vs 2018)

55% of companies
are going to increase headcount in 2018

Predicted change in headcount

(2017 vs 2018)
Top 3 considerations of employers when giving out offers to candidates

Top 3 considerations of employers
when giving out offers to candidates:

Top 3 considerations of employers when giving out offers to candidates
Nearly 70% of employees are predicted to receive a pay rise in 2018, 48.3% will receive more than 4% salary rise

Nearly 70% of employees
are predicted to receive a pay rise in 2018

48.3% will receive
more than 4% salary rise

81% of surveyed companies provided
double pay and/or performance bonus in 2017:

81% of surveyed companies provided
double pay and/or performance bonus in 2017

Average performance bonus provided in 2017:
1.36 months of basic salary

The business sectors that provided highest bonus were:
Architecture / Building / Construction
2.3 months
Architecture / Building / Construction
Financial Services
1.8 months
Financial Services
Accounting / Audit / Tax Services
1.6 months
Accounting / Audit / Tax Services
Entertainment / Recreation
1.6 months
Entertainment / Recreation
Electronics / Electrical Equipment
1.5 months
Electronics / Electrical Equipment

Average predicted performance bonus in 2018:
1.46 months of basic salary

The business sectors that are predicted to provide highest bonus are:
Architecture / Building / Construction
2.0 months
Architecture / Building / Construction
Financial Services
1.9 months
Financial Services
Education
1.8 months
Education
Accounting / Audit / Tax Services
1.7 months
Accounting / Audit / Tax Services
Manufacturing
1.5 months
Manufacturing

Average performance bonus by employee level

Average performance bonus by employee level

Among companies which provide performance bonus in 2017, most of them issue the bonus in

January (34%), February (27%) or March (15%).

Most common types of work-life balance benefits offered in 2017

Most common types of
work-life balance benefits offered in 2017:

Early leave on festive days (e.g. X’mas eve, mid-autumn day)
"Early leave on festive days
(e.g. X'mas eve, mid-autumn day)"
Five-day work week
"Five-day work week"
Free snacks / beverage / fruits
"Free snacks / beverage / fruits"

Download the full jobsDB Compensation & Benefits Survey Report 2018 for full details on the latest hiring trends, bonus and salary information in the job market.

Release Date : 30 January 2018


Disclaimer

The information provided in this report is for reference only. Whilst jobsDB endeavours 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.