Companies surveyed
(10-20 22:54)
Two in every five companies have decided to scale down pay hikes in the wake of the current economic downturn, while nearly one in 10 has or is planning to lay off staff, a recent survey shows.
The Baptist University and Hong Kong People Management Association interviewed 45 companies between October 13 and 17.
Forty percent or 19 companies said they would scale down the pay rise while eight companies (17.8 percent) said they would wait and see.
Another four companies (9 percent) said they were under pressure to lay off staff.
STAFF REPORTER
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