Greater Bay Area Pay and Benefits survey 2021 result announced

The Centre for Human Resources Strategy and Development (CHRSD) of the HKBU School of Business released the results of the “Guangdong-Hong Kong-Macao Greater Bay Area Pay and Benefits Survey 2021” on 21 October, attracting 150 HR professionals and reporters to the seminars.

 

The survey was conducted between July and September 2021. For Hong Kong, questionnaire responses from 94 companies were received, covering 81,680 employees in Hong Kong. The respondents came from 11 business sectors, including: construction, education, engineering, hospitality & catering, information/communication & software technology, real estate & property management, retail, trading etc. The survey results suggest that the overall actual salary increase in Hong Kong for the period of July 2020 to June 2021 ranged from 1.3% to 2.1%. The projected salary increase for 2022 was 1.9% to 2.4%.

 

As for the Guangdong cities, a total of 141,116 employees from 196 organisations were covered in the survey. The results suggested that the overall actual salary increase in 2021 ranged from 5.2% to 6.0% for the same period, with the overall projected salary increase for 2022 at 5.3% to 5.8%.

 

Dr. Felix Yip, Associate Director of the Centre for Human Resources Strategy and Development, said cities in Guangdong “are potentially attractive to young people from Hong Kong. Young people should be open-minded and go north to the Mainland to gain different working experiences.”

 

The survey has been an annual collaboration between HKBU and the Hong Kong People Management Association since 1995, aiming at providing employers and human resources professionals with the latest market trends on compensation and benefits in the region. This year the CHRSD also partnered with the Research Centre for Human Resources Management of South China University of Technology (SCUT) and Talent Development and Management Association of Guangdong to extend the coverage of the survey to the Greater Bay Area.