2013 net pay trend indicators
A spokesman for the Civil Service Bureau said today (May 22) that the bureau has received the Pay Trend Survey Committee Report on 2013 Pay Trend Survey today. The "net pay trend indicators" - derived by deducting the cost of increments paid to civil servants in 2012-13 from the "gross pay trend indicators" as indicated in the report - are as follows:
Salary band | Gross pay trend indicator | Cost of civil service increments (as a % of the total civil service payroll cost in 2012-13) | Net pay trend indicator |
---|---|---|---|
(a) | (b) | (a) minus (b) | |
Upper (monthly salary from $54,666 to $109,365) | 3.38% | 0.83% | 2.55% |
Middle (monthly salary from $17,835- $54,665) | 4.79% | 0.87% | 3.92% |
Lower (monthly salary below $17,835) | 5.30% | 1.38% | 3.92% |
In accordance with the established mechanism, the Chief Executive-in-Council will decide on the rates of civil service pay adjustment for 2013-14 having regard to the "net pay trend indicators" above and other relevant factors, namely, the state of Hong Kong's economy, the Government's fiscal position, changes in the cost of living, the staff sides' pay claims and civil service morale.
Wednesday, May 22, 2013