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The latest net pay trend indicators (PTI) for civil servants in the upper, middle, and lower salary bands range from 4.01 to 5.47 percent, according to the latest data released by the government on Thursday.
The findings were in the 2024 Pay Trend Survey Report submitted to the Pay Trend Survey Committee earlier today, the government said.
According to the survey, the gross pay trend indicators for the upper, middle, and lower salary bands are 5.05, 5.35, and 6.63 percent, respectively.
The net pay trend indicators are then produced at 4.01, 4.32, and 5.47 percent, respectively, after subtracting the average payroll cost of increments from 1989-90 to 2019-20.
“The tentative survey findings reflect the pay trend in 113 companies covering 134,376 employees over the 12-month period from April 2, 2023, to April 1, 2024,” the government said.
Laurence Li Lu-jen, chairman of the Pay Trend Survey Committee, said the findings are not the range of salary hikes proposed by the committee and stressed the net pay trend indicators are only one of the factors considered by the Executive Council.
Permanent Secretary for the Civil Service Clement Leung Cheuk-man also said the government may not necessarily follow these indicators.
Leung stressed that the ExCo will also consider five other major factors when adjusting civil servants’ salaries, including the economy, cost of living, the government’s fiscal position, the staff sides’ pay claims and civil service morale.
“The Chief Executive-in-Council will comprehensively and fully consider all relevant factors under the established annual civil service pay adjustment mechanism in determining the annual civil service pay adjustment,” a spokesman for the Civil Service Bureau said.
Read more: HR expert criticizes ‘unrealistic’ salary indicators but unionists want govt to follow through
