JobsDB Compensation and Benefit Survey Report 2009
Scope and Methodology
- 1. Objective
- The aim of this survey is to collect information on the pay trend of full-time salaried employees working in different business sectors in Hong Kong between 2008 and 2009. Besides, information on various types of benefits was also collected for analysis. These findings will help companies make informed hiring decisions, and pay/benefit adjustment on the current staff.
- 2. Survey Coverage
- The survey covered 162 companies from 36 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, 60% of the companies employ less than 50 staff, 16% employ 50-100 staff, 14% employ 101-200 staff, 7% employ 201-500 staff, and 3% employ more than 500 staff. Regarding the expected company expansion in employees size in 2009, 39% claimed they will keep unchanged, while 26% will employ more employees, with an increase of 10% or more. However, 16% of the companies will cut down the number of staff.
- 3. Retaining Staff
- The survey also investigated the difficulties in retaining staff. More than half of the surveyed companies claimed that it was difficult to retain staff over the past 12 months.
- 4. Datum Point
- Present basic monthly salary (excluding any bonuses, but including commission) of surveyed companies as at 1 September 2008 was recorded and predicted adjustment of basic monthly salary in 2009 was captured. The compensation and benefits in 2008 and 2009 were also surveyed.
- 5. Data Collection Method
- The survey was conducted by an online questionnaire. Companies were invited to fill in the questionnaire through e-mail and completed it by early November 2008.
- 6. Data Analysis
- Surveyed companies were requested to provide data of basic monthly salary of each job position in 2008, predicted salary adjustment of each job position in 2009 and the compensation and/or benefits provided in each company.
The data was analyzed to determine the “average”, “median”, “25th percentile”, “75th percentile”, or “percentage” for basic monthly salary, predicted salary adjustment, annual leave, performance bonus and year-end bonus. For other compensation or benefits, “percentage” was to be determined.
Separate analyses were carried out by grouping the surveyed companies according to their business sectors, or grouping the job positions according to their job functions.
