Upload
others
View
2
Download
0
Embed Size (px)
Citation preview
jobsDB Hong KongHiring, Compensation& Benefits Report 2018
jobsDB.com | PAGE 2jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
Content
Introduction ………………………………………………………………………………...………………………...10
Scope and methodology .…….…………………………………………………………………………………….11-12
Chart Size of participating companies
Definitions …………………………………………………………………………………………..………..............13-14
1. Hiring plan and market expectation
1.1 Expectation on employment market (Q4 2017)……..…………………………………..................15
Chart Expectation on employment market (Q4 2017)
1.2 Hiring plan (Q4 2017) ……..……….…………..……….…………………………………...................16
Chart Hiring Plan Comparison
1.3 Hiring plan (Q4 2017) – by company size .............….……………………………….....................17
Chart Hiring plan (Q4 2017) – by company size
jobsDB.com | PAGE 3jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
Content (con’t)
1.4 Purpose of Hiring Staff (Q4 2017) ….……………….………………..………………......................18
Chart Purpose of hiring staffs
1.5 Reasons to replace the current staff (Q4 2017) ….……………………………….…................... 19
Chart Reasons to replace the current staff
1.6 What level of staff would be hired (Q4 2017) …...……………………………….………...............20
Chart What level of staff would be hired
1.7 What job function of staff would be hired (Q4 2017) .…....………………………….……...........21
Chart What job function of staff would be hired
1.8 Difficulty to recruit new staff VS same period last year (Q4 2017) ……..……….….................22
Chart Difficulty of recruiting new staff compared to same period last year
jobsDB.com | PAGE 4jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
Content (con’t)
1.9 Job offers given out in the past 12 months being turned down ….…...………...................... 23
Chart Job offers given out in the past 12 months being turned down
1.10 Reasons for turning down offers ………….…………….………………………………............... 24
Chart Reasons for turning down offers
1.11 Most important criteria when considering to give out offers …………..….………................25
Chart Most important criteria when giving out offers
jobsDB.com | PAGE 5jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
Content (con’t)
2. Pay adjustment prediction in 2018
2.1 Distribution of pay adjustment prediction in 2018 ….……………………………..................... 26
Chart Distribution of predicted monthly salary adjustment in 2018
2.2 Pay adjustment – by business sector ….………………………………………………................. 27
Chart Percentage of monthly salary adjustment in 2018 – by business sector
jobsDB.com | PAGE 6jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
Content (con’t)
2.3 Pay adjustment – by job position…………………………...………..…………….............................................28
Chart Average monthly salary (2017 vs 2018) – Accounting ………...…………………………...............…..28
Chart Average predicted percentage of monthly salary adjustment – Accounting ………...……….....…….29
Chart Average monthly salary (2017 vs 2018) – Banking & Finance ….………………………………..….…30
Chart Average predicted percentage of monthly salary adjustment – Banking & Finance …………....……31
Chart Average monthly salary (2017 vs 2018) – Clerical / Secretarial / Operation ..….…...………….….....32
Chart Average predicted percentage of monthly salary adjustment – Clerical / Secretarial / Operation .....33
Chart Average monthly salary (2017 vs 2018) – Design …………………………….………….……….……..34
Chart Average predicted percentage of monthly salary adjustment – Design …………………….….…..….35
Chart Average monthly salary (2017 vs 2018) – Engineering ……………………….………...........…..…....36
Chart Average predicted percentage of monthly salary adjustment – Engineering ….……….......…..….…37
Chart Average monthly salary (2017 vs 2018) – Executive / General Management ………….……..…...…38
Chart Average predicted percentage of monthly salary adjustment – Executive / General Management...39
jobsDB.com | PAGE 7jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
Content (con’t)
2.3 Pay adjustment – by job position …..……………………...………..……………...............................................28
Chart Average monthly salary (2017 vs 2018) – Human Resources & Administration ………….….….……..40
Chart Average predicted percentage of monthly salary adjustment – Human Resources & Administration...41
Chart Average monthly salary (2017 vs 2018) – Information Technology ………….….………………..….…..42
Chart Average predicted percentage of monthly salary adjustment – Information Technology ………...…....43
Chart Average monthly salary (2017 vs 2018) – Logistics ………….….……………………………..…..….…..44
Chart Average predicted percentage of monthly salary adjustment – Logistics……………............................45
Chart Average monthly salary (2017 vs 2018) – Marketing ………….….…………………………..…..………46
Chart Average predicted percentage of monthly salary adjustment – Marketing……………..........................47
Chart Average monthly salary (2017 vs 2018) – Merchandising………….….…………………………..………48
Chart Average predicted percentage of monthly salary adjustment – Merchandising……………..................49
Chart Average monthly salary (2017 vs 2018) – Sales………….….…………………………..…………………50
Chart Average predicted percentage of monthly salary adjustment – Sales…………….................................51
jobsDB.com | PAGE 8jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
Content (con’t)
3. Bonuses
3.1 Performance bonus ……………………………………………………………………...................................52
Chart Percentage of companies providing double pay & performance bonus in 2017
Chart Percentage of companies providing guaranteed performance bonus in 2017
3.1.1 Performance bonus in 2017 – by business sector………….………………….………….......... 53
3.1.2 Predicted performance bonus in 2018 – by business sector…………………………………...53
Chart Performance bonus (2017 & 2018) - by business sector ………………………….54-58
3.1.3 Performance bonus in 2017 – by employee level………..….………….…….………..…..……..59
3.1.4 Expected performance bonus in 2018 – by employee level ………....…….………..…..……..59
Chart Performance bonus (2017 & 2018) - by employee level……………………………60
Chart Relative importance of criteria in determining bonus size …….…………………... 61
3.1.5 Number of performance bonus issued per year ……..….………….……………..…..…….….. 62
Chart How many times of performance bonus issued per year
3.1.6 Month of issue for performance bonus ……..….…………………….……………..…..…….….. 63
Chart Month to issue performance bonus
jobsDB.com | PAGE 9jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
Content (con’t)
4. Benefits
4.1 Leaves
4.1.1 Annual leave in 2017 – by employee level ……...…………………………………….......... 64
Chart Annual leave provided in 2017 – by employee level
4.1.2 Special leave ……..……………………………………………………….…….………….......... 65
Chart Special leaves in 2017 ………………………………..……………………… 66
4.2 Family-friendly benefits ...……………………………..…………………………….……...................... 67
Chart Family-friendly benefits in 2017 ………………………………….……………………68
4.3 Work-life balance benefits….…………………………………..……………………….……................. 69
Chart Work-life balance benefits in 2017 ………………………………….……………….. 70
4.4 Accommodation related benefits ….………………………………...…………………....................... 71
Chart Accommodation related benefits in 2017 …………………………….……………... 72
4.5 Other benefits ….…………………………………..………………………………….............................. 73
Chart Other benefits in 2017 …………………………….…………………….…………..… 74
Conclusion ……..……………………………………………………….……………………………….…….…….. 75-76
jobsDB.com | PAGE 10jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
To assist HR professionals devise their human resources plans for next year, jobsDB conducted a
Hiring, Compensation & Benefits Survey at the end of 2017. The most updated information from 191
corporations of different business sectors in Hong Kong is obtained. 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.
Introduction
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.
jobsDB.com | PAGE 11jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
1. Objective
The aim of this survey is to collect information about the hiring plan of companies in Hong Kong. The pay trend of full-time employees
working in different business sectors between 2017 and 2018 were also collected for analysis. These findings will help companies make
informed hiring decisions and provide useful data on pay/benefits adjustment.
2. Survey coverage
The survey covered 191 companies from 17 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, 82% of the companies employ less than
or equal to 50 staff, 11% employ 51-100 staff, 4% employ 101-200 staff, and 3% employ more than 200 staff.
Scope and Methodology
1-9 employees35%
10-50 employees
47%
51-100 employees
11%
101-200 employees
4%
201-500 employees
1%
over 500 employees
2%
Size of Participating Companies(No. of Participating Companies = 191)
jobsDB.com | PAGE 12jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
3. Datum Point
Basic monthly salary (excluding any bonuses, but including commission) of surveyed companies as at 1 September 2017 was recorded
and predicted adjustment of basic monthly salary in 2018 was captured. The compensation and benefits in 2017 and 2018 were also
surveyed.
4. Data Collection Method
The survey was conducted through an online questionnaire. Companies were invited to fill in the questionnaire through email from 6 to
29 September 2017.
5. Data Analysis
Surveyed companies were requested to provide data of basic monthly salary of each job position in 2017, predicted salary adjustment of
each job position in 2018 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.
For predicted salary adjustment, annual leave and performance bonus, “average” was to be determined. For other compensation or
benefits, “percentage” was to be determined.
Separate analyses were carried out by grouping the surveyed companies according to their business sector or size, or grouping job
positions according to job functions.
Scope and Methodology (con’t)
jobsDB.com | PAGE 13jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
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 2017.
Predicted adjustment (%): the predicted adjustment of a basic monthly salary in a particular job position in 2018.
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
Definitions
jobsDB.com | PAGE 14jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
Average: a mathematical average of a set of data values (basic monthly salaries, percentage adjustments, number of annual leave, and
performance bonus).
Median*: a middle number of a set of data values (basic monthly salaries and percentage adjustments) which divides the whole set into
halves.
25th percentile (1st quartile)*: it is the number of a set data values (basic monthly salaries) which cuts off the lowest 25% of data.
75th percentile (3rd quartile)*: it is the number of a set data values (basic monthly salaries) 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.
*For basic monthly salary, any positions with less than 3 companies or 5 employees are excluded from the calculation of average, median
and Q-range.
*For annual leaves and bonus, industries with less than 3 companies will not be shown.
Definitions (con’t)
jobsDB.com | PAGE 15jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
1.1 Expectation on employment market (Q4 2017)
34% of the surveyed companies expected that the employment market in Q4 2017 will be less active than the same period last year, while
46% of them expected the market will be about the same as current.
1. Hiring Plan and Market Expectation
More active than current14%
Less active than current34%
About the same as current
46%
Not sure6%
Expectation on Employment Market (Q4 2017)
jobsDB.com | PAGE 16jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
1.2 Hiring plan (Q4 2017)
Among the respondents, 55% said they would hire staff in Q4 2017, representing a slight increase of 1% when compared with the same
period last year (54%). 26% of respondents said they would freeze their hiring process, a slight increase of 1% when compared with the
same period last year (25%). Furthermore, 2% of respondents plan to cut head count.
1. Hiring Plan and Market Expectation
Remarks: Sum of percentages may not equal 100% due to roundingRemarks: Sum of percentages may not equal 100% due to rounding
* Questionnaire wordings changed from “freeze head count” to “freeze hiring process” from 2014
2012 2013 2014 2015 2016 2017
We will hire staff 63% 55% 64% 50% 54% 55%
We will cut head count 2% 2% 4% 6% 3% 2%
We will freeze hiring process* 25% 19% 12% 25% 25% 26%
No plan yet 11% 24% 20% 19% 18% 17%
0%
20%
40%
60%
80%
100%
% o
f C
om
pan
ies
Hiring Plan Comparison
jobsDB.com | PAGE 17jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
1.3 Hiring plan (Q4 2017) - by company size
1. Hiring Plan and Market Expectation
Remarks: Sum of percentages may not equal 100% due to rounding
1-9 employees10-50
employees51-100
employees101-200
employees201-500
employeesover 500
employees
No plan yet 21% 15% 5% 43% 0% 50%
We will cut headcount 1% 2% 0% 0% 33% 0%
We will freeze hiring process 27% 27% 24% 0% 33% 25%
We will increase headcount 51% 56% 71% 57% 33% 25%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
%C
onm
panie
s
Hiring plan (Q4 2017) - by company size
jobsDB.com | PAGE 18jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
1.4 Purpose of Hiring Staff (Q4 2017)
The majority of the surveyed companies said that the purpose of hiring staff is to increase headcount to meet business needs (81%) and
replace resigned staff (54%). A small portion (10%) said they would hire to replace current staff.
1. Hiring Plan and Market Expectation
55% of companies would hire staff in Q4 2017
81%
54%
10%
0%
20%
40%
60%
80%
100%
Increase headcount to meet business needs Replacement for resigned staff Replacement for current staff
%C
om
panie
s
Purpose of hiring staffs
jobsDB.com | PAGE 19jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
1.5 Reasons to replace the current staff (Q4 2017)
For the companies that would hire staff to replace current staff, most of them said the reasons are for the current staff’s unsatisfactory
performance (55%) and poor working attitude(45%).
1. Hiring Plan and Market Expectation
10% of companies would hire staff to replace current staff in Q4 2017
55%
45%
36%
18% 18%
9%
18%
0%
20%
40%
60%
80%
100%
Unsatisfactoryperformance
Poor workingattitude
Inadequateability
Lack of jobmotivation
Other forms ofmisbehaviour
Dishonesty /Lack of integrity
Other*
%C
om
panie
s
Reasons to replace the current staff
jobsDB.com | PAGE 20jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
1.6 What level of staff would be hired (Q4 2017)
For the companies that would hire new staff, most of them were going to hire “Clerical / Frontline Staff” (58%) and “Middle Management /
Non-managerial Professionals” (50%). Employers who were going to hire “Top / Senior Management” have increased from 2016’s 7% to
2017’s 11%.
1. Hiring Plan and Market Expectation
11%
50%48%
58%
0%
20%
40%
60%
80%
100%
Top / Senior Management Middle Management / Non-managerial Professionals
Supervisory / Officers Clerical / Frontline Staff
%C
om
panie
s
What level of staff would be hired
55% Companies would hire staff in Q4 2017
jobsDB.com | PAGE 21jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
1.7 What job function of staff would be hired (Q4 2017)
For the companies that would hire new staff, the three most sought after job functions are “Sales, CS & Business Development” (31%),
“Accounting” (21%) and “Banking / Finance” (15%).
1. Hiring Plan and Market Expectation
55% Companies would hire staff in Q4 2017
21%
12%
15%
3%5%
7%
4%
10%
2%
9%
2%
7%
2%
12%
3%1%
6%4%
1%
4%
31%
1%
11%
9%
0%
5%
10%
15%
20%
25%
30%
35%
%C
om
panie
s
What job function of staff would be hired
jobsDB.com | PAGE 22jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
1.8 Difficulty to recruit new staff VS same period last year (Q4 2017)
For the companies that would hire new staff in Q4 2017, nearly half (46%) predicted the hiring difficulty would be about the same
compared to the same period last year, while 43% thought it would become more difficult.
1. Hiring Plan and Market Expectation
4%
43%46%
8%
0%
20%
40%
60%
80%
100%
Easier More difficult About the same Did not recruit staff in thesame period last year
%C
om
panie
s
Difficulty of recruiting new staff compared to same period last year
55% of companies will increase headcount
jobsDB.com | PAGE 23jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
1.9 Job offers given out in the past 12 months being turned down
In the past 12 months, more than half (55%) of surveyed employers have given out job offers that were later turned down. There was a
10% drop compared to the same period last year.
1. Hiring Plan and Market Expectation
Yes55%
No45%
Job offers given out in the past 12 months being turned down
jobsDB.com | PAGE 24jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
1.10 Reasons for turning down offers
A great majority (96%) of the candidates who had turned down offers said they had accepted another job offer. Other reasons include “the
terms of the offer are unsatisfactory” (83%) and “preferring to stay at the current company” (52%).
1. Hiring Plan and Market Expectation
96%
83%
52%
22%
21%
8%
8%
4%
7%
0% 20% 40% 60% 80% 100%
Have accepted another job offer
The terms of the offer are unsatisfactory
Prefer to stay at the current company
The work itself is too difficult or too easy
The corporate culture does not feel right
There is too much travel required in the job
The commute to work is too long
Being worried about not getting along with the new manager
Other*
%Companies
Reasons for turning down offers
55% companies have given offers in
the past 12 months and have been
turned down
jobsDB.com | PAGE 25jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
1.11 Most important criteria when considering to give out offers
The two most important criteria for employers to consider giving out offers are “candidate’s relevant work experience” (74%) and
“candidate’s qualification” (58%), which are the traditional concerns in the market.
1. Hiring Plan and Market Expectation
36%
23%
12%
8%
6%
8%
25%
21%
17%
16%
9%
5%
13%
14%
21%
11%
22%
8%
0% 10% 20% 30% 40% 50% 60% 70% 80%
Candidate’s relevant work experience
Candidate’s qualification
Candidate’s expected package
Candidate’s style / personality fits with the company culture
Candidate’s record of job stability
Hiring manager’s decision
Assessment result
Candidate’s capability of demonstrating a clear picture on career goals
Referral’s recommendation
HR's decision
%Companies
Most important criteria when giving out offers
1st 2nd 3rd
1% / 1% / 1%
5% / 2% / 5%
1% / 1% / 3%
2% / 4% / 2%
jobsDB.com | PAGE 26jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
2.1 Distribution of pay adjustment prediction in 2018
The predicted overall salary rise in 2018 will be 3.0%. 69.1% of the employees are predicted to receive a pay rise in 2018, which is less
than last year’s 74.3%. Among these 69.1% of employees, the average salary rise will be 3.3%; almost half of them (48.3%) will receive
more than 4% salary rise.
2. Pay Adjustment Prediction in 2018
0.0%
30.9%
0.1%1.1%
22.6%
11.9%
27.0%
1.7%
4.7%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
50.0%
Less than 0% 0% 0.1-1.0% 1.1-2.0% 2.1-3.0% 3.1-4.0% 4.1-5.0% 5.1-6.0% over 6%
%C
om
panie
s
Distribution of Predicted Monthly Salary Adjustment in 2018
69.1% employees are predicted to receive a salary rise in 2018; average rise 3.3%
jobsDB.com | PAGE 27jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
2.2 Pay adjustment – by business sector
In terms of business sectors, “Accounting/Audit/Tax Services” is going to have the highest average increase of monthly salary in 2018
(4.9%), followed by “Engineering - Building, Civil, Construction / Quantity Survey” (4.6%) and “Engineering - Others” (4.6%).
2. Pay Adjustment Prediction in 2018
Remarks: Business sector with less than 3 companies or 5 employees are not shown
4.9%
3.4%3.2%
2.9%
4.6%
3.4%
4.6%
2.2%
2.8%3.1%
1.3%
3.5%
0.0%
3.1%
2.6%
2.1%
3.6%
Overall %Adjustment+3.0%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
% o
f adju
stm
ent
Percentage of Monthly Salary Adjustment in 2018 - by Business Sector
jobsDB.com | PAGE 28jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 20182.3 Pay adjustment – by job position
$96,639
$58,264
$36,550
$30,833
$25,132
$17,818$15,053
$99,619
$59,806
$37,652
$31,692
$25,810
$18,541$15,565
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
CFO / FinancialDirector
Financial Controller Accounting / FinanceManager
Chief Accountant Accountant / SeniorAccountant
Assistant Accountant Accounting Clerk /Officer
HK
D
Average Monthly Salary - 2017 (Actual) vs 2018 (Predicted)(Accounting – by job position)
Average Current Monthly Salary Predicted Average Monthly Salary
2017
Average $96,639 $58,264 $36,550 $30,833 $25,132 $17,818 $15,053
Median $96,650 $52,500 $35,000 $33,750 $25,000 $17,000 $14,500
Q-Range $62,500 - $110,000 $38,000 - $70,000 $30,000 - $45,000 $20,000 - $35,500 $20,000 - $30,000 $14,000 - $18,350 $13,000 - $17,000
2018 Average $99,619 $59,806 $37,652 $31,692 $25,810 $18,541 $15,565
2017 (Actual) 2018 (Predicted)
jobsDB.com | PAGE 29jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2018
3.3%
2.8% 2.9%
2.5%2.6%
4.2%
3.5%
Overall Adjustment3.3%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
CFO / FinancialDirector
Financial Controller Accounting / FinanceManager
Chief Accountant Accountant / SeniorAccountant
Assistant Accountant Accounting Clerk /Officer
% A
dju
stm
ent
Average Predicted Percentage of Monthly Salary Adjustment(Accounting – by job position)
jobsDB.com | PAGE 30jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2018
2017
Average $68,714 $30,889 $41,563 $20,621 $17,611
Median $60,000 $33,000 $34,750 $18,700 $16,000
Q-Range $55,500 - $75,000 $26,500 - $40,000 $27,000 - $57,500 $17,350 - $19,350 $16,000 - $17,000
2018 Average $70,271 $32,088 $43,542 $21,394 $18,385
$68,714
$30,889
$41,563
$20,621$17,611
$70,271
$32,088
$43,542
$21,394$18,385
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
Compliance Manager Customer Service Executive/ Officer
Company Secretary Assistant CompanySecretary
Company Secretary Officer /Assistant
HK
DAverage Monthly Salary - 2017 (Actual) vs 2018 (Predicted)
(Banking & Finance – by job position)
Average Current Monthly Salary Predicted Average Monthly Salary2017 (Actual) 2018 (Predicted)
jobsDB.com | PAGE 31jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2018
2.1%
3.7%
4.8%
4.3%4.4%
Over Adjustment2.8%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
Compliance Manager Customer Service Executive /Officer
Company Secretary Assistant Company Secretary Company Secretary Officer /Assistant
% A
dju
stm
ent
Average Predicted Percentage of Monthly Salary Adjustment(Banking & Finance – by job position)
jobsDB.com | PAGE 32jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2018
2017
Average $12,545 $11,002 $13,826 $25,000 $21,326 $35,498 $24,822 $19,085
Median $12,000 $11,000 $13,000 $25,000 $22,000 $35,000 $23,040 $19,000
Q-Range$11,000 -$13,750
$9,000 - $12,500$12,000 -$15,189
$19,000 -$30,000
$17,750 -$25,000
$25,000 -$41,235
$21,000 -$31,000
$15,000 -$23,000
2018 Average $12,798 $11,295 $14,267 $25,595 $22,026 $36,772 $25,531 $19,772
$12,545$11,002
$13,826
$25,000
$21,326
$35,498
$24,822
$19,085
$12,798$11,295
$14,267
$25,595
$22,026
$36,772
$25,531
$19,772
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
Clerk Office Assistant Receptionist Executive Secretary Secretary OperationsManager
AssistantOperationsManager
Operations Officer
HK
D
Average Monthly Salary - 2017 (Actual) vs 2018 (Predicted)(Clerical / Secretarial / Operation – by job position)
Average Current Monthly Salary Predicted Average Monthly Salary2017 (Actual) 2018 (Predicted)
jobsDB.com | PAGE 33jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2018
2.1%
2.3%
3.1%
2.6%
3.4%
3.8%
2.7%
3.6%
Over Adjustment2.8%
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 ManagerAssistant OperationsManager
Operations Officer
% A
dju
stm
ent
Average Predicted Percentage of Monthly Salary Adjustment(Clerical / Secretarial / Operation – by job position)
jobsDB.com | PAGE 34jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2018
2017
Average $40,833 $22,692 $19,505
Median $42,000 $23,000 $19,000
Q-Range $30,000 - $52,000 $20,000 - $23,700 $17,000 - $23,000
2018 Average $41,853 $23,313 $20,382
$40,833
$22,692
$19,505
$41,853
$23,313
$20,382
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
$45,000
Design Manager Senior Designer Graphic / Fashion / Interior / Web Designer
HK
DAverage Monthly Salary - 2017 (Actual) vs 2018 (Predicted)
(Design – by job position)
Average Current Monthly Salary Predicted Average Monthly Salary2017 (Actual) 2018 (Predicted)
jobsDB.com | PAGE 35jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2018
2.7%2.7%
4.1%
Over Adjustment3.2%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
Design Manager Senior Designer Graphic / Fashion / Interior / WebDesigner
% A
dju
stm
ent
Average Predicted Percentage of Monthly Salary Adjustment(Design – by job position)
jobsDB.com | PAGE 36jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2018
2017
Average $44,500 $34,000 $22,972 $17,154 $15,755
Median $47,200 $35,000 $25,000 $18,000 $18,000
Q-Range $35,000 - $55,000 $24,750 - $40,000 $20,000 - $25,000 $15,000 - $18,250 $10,795 - $20,000
2018 Average $45,948 $35,199 $23,800 $17,629 $16,178
$44,500
$34,000
$22,972
$17,154$15,755
$45,948
$35,199
$23,800
$17,629$16,178
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
$45,000
$50,000
Engineering Manager Senior Engineer Engineer Assistant Engineer Technician
HK
DAverage Monthly Salary - 2017 (Actual) vs 2018 (Predicted)
(Engineering – by job position)
Average Current Monthly Salary Predicted Average Monthly Salary2017 (Actual) 2018 (Predicted)
jobsDB.com | PAGE 37jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2018
3.2%3.3%
3.4%
3.0%
2.2%
Over Adjustment2.7%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
Engineering Manager Senior Engineer Engineer Assistant Engineer Technician
% A
dju
stm
ent
Average Predicted Percentage of Monthly Salary Adjustment(Engineering – by job position)
jobsDB.com | PAGE 38jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2018
2017
Average $106,361 $85,602 $73,446
Median $89,146 $95,000 $60,000
Q-Range $60,000 - $130,000 $76,220 - $100,000 $47,500 - $99,000
2018 Average $108,462 $86,680 $76,365
$106,361
$85,602
$73,446
$108,462
$86,680
$76,365
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
CEO / President Vice President General Manager
HK
D
Average Monthly Salary - 2017 (Actual) vs 2018 (Predicted)(Executive / General Management – by job position)
Average Current Monthly Salary Predicted Average Monthly Salary2017 (Actual) 2018 (Predicted)
jobsDB.com | PAGE 39jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2018
2.1%
1.8%
3.3%
Over Adjustment2.6%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
CEO / President Vice President General Manager
% A
dju
stm
ent
Average Predicted Percentage of Monthly Salary Adjustment(Executive / General Management – by job position)
jobsDB.com | PAGE 40jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2018
2017
Average $68,000 $39,496 $21,758 $18,588 $17,400 $36,055 $17,090 $13,156 $34,071
Median $64,000 $36,750 $20,000 $17,800 $15,000 $34,000 $17,500 $13,000 $30,000
Q-Range$50,000 -$80,000
$33,300 -$45,000
$17,000 -$27,500
$16,250 -$21,500
$14,000 -$15,000
$28,500 -$40,700
$15,000 -$19,000
$12,000 -$15,000
$30,000 -$38,000
2018 Average $70,196 $40,688 $22,519 $19,327 $18,034 $36,705 $17,347 $13,601 $35,126
$68,000
$39,496
$21,758$18,588 $17,400
$36,055
$17,090$13,156
$34,071
$70,196
$40,688
$22,519$19,327
$18,034
$36,705
$17,347
$13,601
$35,126
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
HR &Administration
Director
HR Manager HR Officer Assistant HROfficer
HR Assistant AdministrationManager
AdministrationOfficer
AdministrationAssistant / Clerk
Training Manager
HK
D
Average Monthly Salary - 2017 (Actual) vs 2018 (Predicted)(Human Resources & Administration – by job position)
Average Current Monthly Salary Predicted Average Monthly Salary2017 (Actual) 2018 (Predicted)
jobsDB.com | PAGE 41jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2018
2.6%
3.3% 3.3%
3.9%
3.4%
1.8%
1.5%
3.4% 3.4%
Over Adjustment2.9%
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 HROfficer
HR Assistant AdministrationManager
AdministrationOfficer
AdministrationAssistant / Clerk
Training Manager
% A
dju
stm
ent
Average Predicted Percentage of Monthly Salary Adjustment(Human Resources & Administration – by job position)
jobsDB.com | PAGE 42jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2018
2017
Average $67,833 $42,459 $37,700 $26,875 $25,667 $26,000 $26,671 $20,054
Median $65,000 $45,000 $40,000 $25,500 $26,000 $26,500 $26,000 $20,000
Q-Range $60,000 - $67,000 $36,000 - $50,000 $30,000 - $45,000 $18,000 - $32,000 $24,000 - $28,000 $26,500 - $30,000 $24,000 - $30,000 $17,000 - $23,000
2018 Average $70,327 $43,637 $39,065 $27,566 $26,549 $27,024 $27,523 $20,641
$67,833
$42,459
$37,700
$26,875$25,667 $26,000 $26,671
$20,054
$70,327
$43,637
$39,065
$27,566 $26,549 $27,024 $27,523
$20,641
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
IT Director IT Manager Project Manager System Analyst Systems Support /Network Manager
DatabaseAdministrator
Network Engineer Technical Support
HK
D
Average Monthly Salary - 2017 (Actual) vs 2018 (Predicted)(Information Technology – by job position)
Average Current Monthly Salary Predicted Average Monthly Salary2017 (Actual) 2018 (Predicted)
jobsDB.com | PAGE 43jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2018
3.7%
2.8%
3.6%
2.1%
3.5%3.6%
3.0%
2.7%
Over Adjustment2.5%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
IT Director IT Manager Project Manager System Analyst Systems Support /Network Manager
DatabaseAdministrator
Network Engineer Technical Support
% A
dju
stm
ent
Average Predicted Percentage of Monthly Salary Adjustment(Information Technology – by job position)
jobsDB.com | PAGE 44jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2018
2017
Average $32,219 $22,656 $21,828 $11,587
Median $33,125 $21,065 $22,000 $10,000
Q-Range $25,750 - $39,250 $20,000 - $24,800 $19,000 - $25,000 $10,000 - $11,400
2018 Average $33,024 $23,223 $22,347 $11,780
$32,219
$22,656$21,828
$11,587
$33,024
$23,223$22,347
$11,780
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
Shipping Manager / LogisticsManager
Shipping Supervisor / LogisticsSupervisor
Shipping / Logistics Officer orExecutive
Shipping / Logistics Assistant orClerk
HK
D
Average Monthly Salary - 2017 (Actual) vs 2018 (Predicted)(Logistics – by job position)
Average Current Monthly Salary Predicted Average Monthly Salary2017 (Actual) 2018 (Predicted)
jobsDB.com | PAGE 45jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2018
2.4% 2.4%
2.3%
1.3%
Over Adjustment2.0%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
Shipping Manager / LogisticsManager
Shipping Supervisor / LogisticsSupervisor
Shipping / Logistics Officer orExecutive
Shipping / Logistics Assistant or Clerk
% A
dju
stm
ent
Average Predicted Percentage of Monthly Salary Adjustment(Logistics – by job position)
jobsDB.com | PAGE 46jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2018
2017
Average $34,650 $22,260 $18,723 $16,143
Median $32,000 $20,000 $17,000 $15,000
Q-Range $30,000 - $40,000 $20,000 - $26,000 $17,000 - $21,000 $14,500 - $17,500
2018 Average $35,583 $22,876 $19,479 $16,736
$34,650
$22,260
$18,723
$16,143
$35,583
$22,876
$19,479
$16,736
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
Marketing Manager Senior Marketing Executive / Officer Marketing Executive / Officer Marketing Assistant
HK
D
Average Monthly Salary - 2017 (Actual) vs 2018 (Predicted)(Marketing – by job position)
Average Current Monthly Salary Predicted Average Monthly Salary2017 (Actual) 2018 (Predicted)
jobsDB.com | PAGE 47jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2018
2.4%
2.8%
3.9%
3.7%
Over Adjustment2.7%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
Marketing Manager Senior Marketing Executive / Officer Marketing Executive / Officer Marketing Assistant
% A
dju
stm
ent
Average Predicted Percentage of Monthly Salary Adjustment(Marketing – by job position)
jobsDB.com | PAGE 48jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2018
2017
Average $48,100 $30,556 $25,909 $18,550
Median $47,900 $31,000 $26,000 $19,000
Q-Range $47,900 - $55,000 $31,000 - $36,400 $26,000 - $26,700 $14,725 - $21,400
2018 Average $49,670 $31,699 $27,008 $19,199
$48,100
$30,556
$25,909
$18,550
$49,670
$31,699
$27,008
$19,199
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
Merchandising Manager Assistant Merchandising Manager Senior Merchandiser Merchandiser
HK
D
Average Monthly Salary - 2017 (Actual) vs 2018 (Predicted)(Merchandising – by job position)
Average Current Monthly Salary Predicted Average Monthly Salary2017 (Actual) 2018 (Predicted)
jobsDB.com | PAGE 49jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2018
3.3%
3.5%
4.2%
3.4%Over Adjustment
3.5%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
Merchandising Manager Assistant Merchandising Manager Senior Merchandiser Merchandiser
% A
dju
stm
ent
Average Predicted Percentage of Monthly Salary Adjustment(Merchandising – by job position)
jobsDB.com | PAGE 50jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
$61,880
$53,786
$35,487
$27,604
$20,722
$17,794$19,636
$63,697
$55,259
$36,645
$28,390
$20,984$18,189
$20,267
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
Sales Director Senior Sales Manager Sales Manager Assistant SalesManager
Sales Supervisor Sales Executive /Representative
Sales Engineer
HK
D
Average Monthly Salary - 2017 (Actual) vs 2018 (Predicted)(Sales – by job position)
Average Current Monthly Salary Predicted Average Monthly Salary
2. Pay Adjustment Prediction in 2018
2017
Average $61,880 $53,786 $35,487 $27,604 $20,722 $17,794 $19,636
Median $54,500 $55,000 $33,000 $28,000 $20,000 $16,000 $20,000
Q-Range $50,000 - $68,800 $39,500 - $70,000 $25,500 - $40,000 $22,000 - $32,000 $20,000 - $23,000 $15,000 - $20,666 $20,000 - $20,000
2018 Average $63,697 $55,259 $36,645 $28,390 $20,984 $18,189 $20,267
2017 (Actual) 2018 (Predicted)
jobsDB.com | PAGE 51jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
2. Pay Adjustment Prediction in 2018
3.3%
2.4%
3.3%
2.7%
1.1%
2.2%
3.3%
Overall %Adjustment2.6%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
Sales Director Senior Sales Manager Sales Manager Assistant SalesManager
Sales Supervisor Sales Executive /Representative
Sales Engineer
% A
dju
stm
ent
Average Predicted Percentage of Monthly Salary Adjustment(Sales – by job position)
jobsDB.com | PAGE 52jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
3. Bonuses
3.1 Performance bonus
Among all companies surveyed, 63% provided performance bonus in 2017, dropped 22% compared with last year. Among these
companies, 10% provided guaranteed performance bonus. The overall average size of bonus provided in 2017 was 1.36 months of basic
salary, while that expected in 2018 will also be 1.46 months.
Average bonus size = 1.36 months
Both Double Pay & Performance Bonus
30%
Only Performance Bonus33%
Only Double Pay18%
No Double Pay & Performance Bonus
19%
Percentage of companies providing double pay & performance bonus in 2017
Guaranteed10%
Not Guaranteed
90%
Percentage of companies providing guaranteed performance bonus in 2017
jobsDB.com | PAGE 53jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
3. Bonuses
3.1.1 Performance bonus in 2017 – by business sector
For performance bonus in 2017 in terms of business sectors, the “Architecture/ Building/ Construction” sector provided the highest
average performance bonus (2.3 months of basic salary), followed by the “Financial Services” sector (1.8 months). The “Engineering -
Building, Civil, Construction/ Quantity Survey” sector has had the lowest average performance bonus (0.9 months).
3.1.2 Predicted performance bonus in 2018 – by business sector
The highest average performance bonus in 2018 is still expected to be found in the “Architecture/ Building/ Construction” sector, with 2
months of basic salary. The “Engineering - Building, Civil, Construction/ Quantity Survey” sector is still expecting the lowest average
performance bonus (0.8 months).
jobsDB.com | PAGE 54jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
3. Bonuses
1.6
2.3
1.3
1.5
0.9
1.6
1.8
1.1 1.2 1.2
1.1
1.4 1.3
1.6 1.7
2.0
1.8
1.2
0.8
1.3
1.9
1.4
1.2
1.5
1.1
1.3 1.3 1.4
0.0
0.5
1.0
1.5
2.0
2.5
No.
of m
onth
s
Performance bonus by business sector
Performance bonus provided in Oct 16 - Sep 17 Performance bonuswill provide in Oct 17 - Sep 18
Average in Oct 16- Sep 17 Average in Oct 17-Sep 18
Remarks: Business sectors with less than 3 companies are not shown
Average performance bonus in 2017 = 1.36 months
Average predicted performance bonus in 2018 = 1.46 months
2017 (Actual) 2018 (Predicted)
Average performance bonus in 2017 Average predicted performance bonus in 2018
jobsDB.com | PAGE 55jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
3. BonusesPerformance bonus by business sector
1.7
3.0
1.5
2.5
1.1
2.7
2.1
1.4 1.2
1.5
1.2
1.8 1.7
1.9
2.3
2.0
2.3
1.8
1.0
2.3
2.0
1.8
1.1
1.8
1.2
1.6 1.6 1.6
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
No.
of m
onth
s
(Top / Senior Management)
Performance bonus provided in Oct 16 - Sep 17 Performance bonuswill provide in Oct 17 - Sep 18
Average in Oct 16- Sep 17 Average in Oct 17-Sep 18
Remarks: Business sectors with less than 3 companies are not shown
Average performance bonus in 2017 = 1.67 months
Average predicted performance bonus in 2018 = 1.67 months
2017 (Actual) 2018 (Predicted)
Average performance bonus in 2017 Average predicted performance bonus in 2018
jobsDB.com | PAGE 56jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
3. BonusesPerformance bonus by business sector
2.0
2.3
1.3
1.0 1.0
1.4
2.3
1.1 1.1 1.0 1.1
1.6
1.3
1.6
2.0 2.0
1.8
1.0
0.8
1.1
2.3
1.4
1.2 1.3
1.1
1.5
1.3 1.3
0.0
0.5
1.0
1.5
2.0
2.5
No.
of m
onth
s
(Middle Management / Non-managerial Professionals)
Performance bonus provided in Oct 16 - Sep 17 Performance bonuswill provide in Oct 17 - Sep 18
Average in Oct 16- Sep 17 Average in Oct 17-Sep 18
Remarks: Business sectors with less than 3 companies are not shown
Average performance bonus in 2017 = 1.39 months
Average predicted performance bonus 2018 = 1.52 months
2017 (Actual) 2018 (Predicted)
Average performance bonus in 2017 Average predicted performance bonus in 2018
jobsDB.com | PAGE 57jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
3. BonusesPerformance bonus by business sector
1.6
2.0 2.0
1.3
0.8
1.2
1.6
1.0 1.1 1.1 1.1
1.2 1.2
1.7
1.4
2.0
1.8
1.0
0.7
0.8
1.7
1.3 1.2 1.3
1.1 1.1 1.2
1.5
0.0
0.5
1.0
1.5
2.0
2.5
No.
of m
onth
s
(Supervisory / Officers)
Performance bonus provided in Oct 16 - Sep 17 Performance bonuswill provide in Oct 17 - Sep 18
Average in Oct 16- Sep 17 Average in Oct 17-Sep 18
Remarks: Business sectors with less than 3 companies are not shown
Average performance bonus in 2017 = 1.24 months
Average predicted performance bonus in 2018 = 1.36 months
2017 (Actual) 2018 (Predicted)
Average performance bonus in 2017 Average predicted performance bonus in 2018
jobsDB.com | PAGE 58jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
3. BonusesPerformance bonus by business sector
1.0
1.9
1.5
1.3
0.7
1.2
1.4
1.0
1.2 1.3
1.1 1.1 1.2
1.7
1.0
1.9
2.2
1.3
0.6
1.0
1.7
1.1
1.3 1.4
1.1 1.0 1.1
1.5
0.0
0.5
1.0
1.5
2.0
2.5
No.
of m
onth
s
(Clerical / Frontline)
Performance bonus provided in Oct 16 - Sep 17 Performance bonuswill provide in Oct 17 - Sep 18
Average in Oct 16- Sep 17 Average in Oct 17-Sep 18
Remarks: Business sectors with less than 3 companies are not shown
Average performance bonus in Oct 2017 = 1.18 months
Average predicted performance bonus in 2018 = 1.24 months
2017 (Actual) 2018 (Predicted)
Average performance bonus in 2017 Average predicted performance bonus in 2018
jobsDB.com | PAGE 59jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
3. Bonuses
3.1.3 Performance bonus in 2017 – by employee level
In terms of employee levels, the average amount of performance bonus in 2017 was 1.7 months of the basic monthly salary for “Top /
Senior Management” , 1.4 months for “Middle Management / Non-managerial Professionals”, 1.2 months for “Supervisory / Officers”, and
1.2 months for “Clerical / Frontline Staff”.
3.1.4 Expected performance bonus in 2018 – by employee level
The performance bonus in 2018 is expected to have a slight increase for all levels.
jobsDB.com | PAGE 60jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
3. Bonuses
1.67
1.39
1.24
1.18
1.67
1.52
1.36
1.24
0.0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1.6
1.8
Top / Senior Management Middle Management / Non-managerialProfessionals
Supervisory / Officers Clerical / Frontline
No.
of m
onth
s
Performance bonus by employee level
Provided in Oct 16 - Sep 17 Will Provide in Oct 17 - Sep 18 Average in Oct 16 - Sep 17 Average in Oct 17 - Sep 18
Average performance bonus in 2017 = 1.36 months
Average predicted performance bonus in 2018 = 1.46 months
2017 (Actual) 2018 (Predicted) Average in 2017 Average in 2018
jobsDB.com | PAGE 61jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
3. Bonuses
Company performance54%
Individual performance37%
Length of service of the employee
8%
Other1%
Relative importance of criteria in determining bonus size
While most surveyed employers stated that they take several criteria into consideration when determining the size of performance bonus
to their employees, on average, “company performance” has the highest relative importance (54%), followed by “individual performance”
(37%) of the employees.
jobsDB.com | PAGE 62jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
3. Bonuses
3.1.5 Number of performance bonus issued per year
Among respondents who provide performance bonuses, 81% of them issue the bonus once per year. 10% of respondents indicated that
they issue performance bonuses twice per year.
Once81%
Twice10%
3 times7%
>3 times2%
How many times of performance bonus issued per year
jobsDB.com | PAGE 63jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
3. Bonuses
3.1.6 Month of issue for performance bonus
Among companies which provide performance bonus, most of them had issued the bonus in January (34%), February (27%) or March
(15%) in 2017.
Remarks: Multiple answers are allowed and the sum may not equal 100%
34%
27%
15%
12%
8%
4%
9%
6%5%
4%
3%
12%
0%
5%
10%
15%
20%
25%
30%
35%
40%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
%C
om
panie
s
Month to issue performance bonus
jobsDB.com | PAGE 64jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
4. Benefits
4.1 Leaves
4.1.1 Annual leave in 2017 – by employee level
In terms of employee levels, the average number of annual leave was 16.4 days for “Top / Senior Management”, 14.0 days for “Middle
Management / Non-managerial Professionals”, 12.4 days for “Supervisory / Officers” and 11.4 days for “Clerical / Frontline Staff”.
16.4
14.0
12.4 11.4
Average13.6
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
Top / Senior Management Middle Management / Non-managerial Professionals
Supervisory / Officers Clerical / Frontline
No.
of days
Annual leaves provided in 2017
jobsDB.com | PAGE 65jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
4. Benefits
4.1.2 Special leave
Most common type of leave offered in 2017:
Among other types of leave, marriage leave is the most common (57%) type of leave offered by employers in 2017, followed by
compassionate leave (54%).
Most common type of leave expected to be newly offered in 2018:
24% of respondents is already offering birthday leave in 2017, and 10% is planning to introduce this benefit in 2018.
jobsDB.com | PAGE 66jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
4. Benefits
Remarks: Sum of percentages may not equal 100% due to rounding
57%
54%
24%
20%
9%
7%
5%
5%
4%
2%
7%
5%
10%
8%
7%
6%
6%
4%
5%
5%
37%
41%
66%
71%
84%
87%
88%
91%
91%
93%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Marriage Leave
Compassionate Leave
Birthday Leave
Study and Examination Leave
Additional Paternity Leave (out of 3 days)
Family Care Leave
Menstrual Leave
Additional Maternity Leave (out of 10 weeks)
Graduation Leave
Community Service Leave
%Companies
Special Leaves in 2017
Yes No, but expected to grant in Oct 17 - Sep 18 No, and NOT expected to grant in Oct 17 - Sep 18grant next year next year
jobsDB.com | PAGE 67jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
4. Benefits
4.2 Family-friendly benefits
Most common family-friendly benefits offered in 2017:
The most common type of family-friendly benefits offered in 2017 were “medical protection to employees' family members” and “company
activities/ events extended to family members”, with 25% of surveyed companies claimed they offered such benefits respectively.
Most common type of family-friendly benefits expected to be newly offered in 2018:
25% of respondents is already offering “company activities/ events extended to family members” in 2017, and 11% is planning to introduce
this benefit in 2018.
jobsDB.com | PAGE 68jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
4. Benefits
Remarks: Sum of percentages may not equal 100% due to rounding
1%
1%
25%
25%
7%
5%
3%
7%
11%
4%
2%
5%
68%
64%
88%
93%
92%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Medical protection to employees' family members
Company activities / events extended to family members
Nursing room
Children education allowance
Child care support(e.g. day care centre near the workplace)
%Companies
Family-friendly Benefits in 2017
Yes No, but expected to grant in Oct 17 - Sep 18 No, and NOT expected to grant in Oct 17 - Sep 18grant next year to grant next year
jobsDB.com | PAGE 69jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
4. Benefits
4.3 Work-life balance benefits
Most common work-life balance benefits offered in 2017:
The most common type of work-life balance benefits offered in 2017 was “early leave on festive days (e.g. X'mas eve, mid-autumn day)”
with 83% of surveyed companies claimed they offered such benefits.
Most common type of work-life balance benefits expected to be newly offered in 2018:
28% of respondents is already offering “work from home” in 2017, and 12% is planning to introduce this benefit in 2018.
jobsDB.com | PAGE 70jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
4. Benefits
Remarks: Sum of percentages may not equal 100% due to rounding
1%
1%
83%
80%
59%
56%
39%
34%
28%
18%
15%
6%
4%
3%
4%
5%
8%
8%
12%
6%
7%
7%
13%
17%
37%
39%
53%
59%
61%
76%
78%
86%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Early leave on festive days(e.g. X'mas eve, mid-autumn day)
Five-day work week
Free snacks / beverage / fruits
Casual wear everyday
Flexible working hours
Company activities(e.g. traveling, interest class)
Work from home
Free meal(e.g. breakfast, lunch, dinner)
Entertainment / physical fitness facilities at workplace
Early leave on Friday(at least once a month)
%Companies
Work-life Balance Benefits in 2017
Yes No, but expected to grant in Oct 17 - Sep 18 No, and NOT expected to grant in Oct 17 - Sep 18grant next year to grant next year
jobsDB.com | PAGE 71jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
4. Benefits
4.4 Accommodation related benefits
Most common accommodation related benefit
Among all other benefits, “rental reimbursement” (10%) was the most popular accommodation benefit offered by employers in 2017.
Other common benefits
Other common benefits were “cash housing allowance” (4%) and “employee quarters” (4%).
jobsDB.com | PAGE 72jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
4. Benefits
Remarks: Sum of percentages may not equal 100% due to rounding
10%
4%
4%
2%
2%
4%
88%
94%
92%
97%
97%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Rental Reimbursement
Cash Housing Allowance
Employee Quarters
Housing Loan
Mortgage Interest Subsidy
%Companies
Accommodation Related Benefits in 2017
Yes No, but expected to grant in Oct 17 - Sep 18 No, and NOT expected to grant in Oct 17 - Sep 18
1% / 2%
1% / 2%
grant next year to grant next year
jobsDB.com | PAGE 73jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
4. Benefits
4.5 Other benefits
Transportation allowance
Among all other benefits, transportation allowance was the most popular benefits offered by employers in 2017. 41% of respondents
provided “transportation allowance for travelling outside HK during normal working days”, while 21% of respondents provided
“transportation allowance for travelling in HK”.
Other common benefits
Other common benefits were “Education allowance” (27%) and “pension fund / retirement plan” (14%).
jobsDB.com | PAGE 74jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
4. Benefits
Remarks: Sum of percentages may not equal 100% due to rounding
41%
27%
21%
14%
13%
10%
5%
4%
2%
4%
9%
5%
5%
7%
4%
3%
3%
5%
55%
64%
74%
81%
81%
86%
92%
93%
93%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Transportation allowance outside HKduring normal working days
Education allowance
Transportation allowance for traveling in HK(such as cross-district transport allowance)
Pension fund / retirement plan (excluding MPF)
Purchase of company stock at discounted prices
Free parking slots at office building
Uniform laundry allowance
Personal loan
Tax subsidies
%Companies
Other Benefits in 2017
Yes No, but expected to grant in Oct 17 - Sep 18 No, and NOT expected to grant in Oct 17 - Sep 18grant next year to grant next year
jobsDB.com | PAGE 75jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
Conclusion
Employment Market
55% of companies were planning to increase headcount in Q4 2017, which is almost the same as that in the same period last year.
There was a general perception that employment market in Q4 2017 would be as active as the same period last year, with only 2% or
respondents were planning to decrease headcount, compared to 3% in 2016.
The two most important criteria for employers to consider giving out offers are “candidate’s relevant work experience” (74%) and
“candidate’s qualification” (58%), which are the traditional concerns in the market.
For companies that had made employment offers in the past 12 months, 55% had some of their offers refused, mainly because the
target candidates had “ accepted another job offer” (96%).
Salary Adjustment and Bonuses
The predicted overall salary rise in 2018 will be 3.0%. 69.1% of the employees are predicted to receive a pay rise in 2018, which is less
than last year’s 74.3%. Among these 69.1% of employees, the average salary rise will be 3.3%; almost half of them (48.3%) will
receive more than 4% salary rise.
The surveyed companies have offered an average performance bonus equivalent to 1.36 months of basic salary in 2017 (1.28 months in
2016). Among them, only 10% of surveyed companies provided guaranteed performance bonus to employees (6% in 2016).
jobsDB.com | PAGE 76jobsDB Compensation and Benefits Survey 2018COPYRIGHT@2018, jobsDB Hong Kong. ALL RIGHTS RESERVED
Conclusion (con’t)
Benefits
In 2017, surveyed companies offered in average 13.6 days of annual leave to their employees. For other leave benefits, marriage leave
(57%) and compassionate leave (54%) are the most common benefits.
To encourage work-life balance, most of the companies have been offering early leave on festive days (83%) and five-day work week
(80%) for employees. Meanwhile, up to 12% of companies are considering to offer “work from home” policy in the coming year.