9 in 10 bosses mulling over pay rise offers in 2015

Wage hike could go as high as 4%.

Jobs DB Hong Kong Limited (jobsDB) has recently announced the results of its latest Compensation and Benefits Survey, with the survey showing that the average performance bonus size for 2015 is 1.4 months of basic salary.

According to a release from jobsDB.com, as for pay rise, the projected rate for 2015 is 4%, slightly increased by 0.2% over last year. For employee benefits, 42% of surveyed employers have voluntarily implemented paternity leave, 11% more than last year’s figure.

The Compensation & Benefit Survey was conducted online by jobsDB during October to November 2014, covering a total of 99 companies from 20 business sectors. 

Here's more from jobsDB.com:

Base Pay Adjustment: In 2015, 90% of surveyed employers plan to offer a pay rise (compared to 78% in 2014). The average salary adjustment is expected to be 4%, slightly increased by 0.2% over last year.

Bonus and Double Pay: Performance bonus is provided by 77% of surveyed employers, and the average bonus size is 1.4 months of basic salary. In terms of business sectors, the property development sector provided the highest average performance bonus (3 months of basic salary), followed by the financial services sector (2.8 months).

Among respondents who provide performance bonuses, 79% of them issue the bonus once per year. 21% of respondents, most of them from manufacturing and trading/distribution, indicated that they issue performance bonuses 2 times or more per year.

56% of surveyed companies provided guaranteed double pay to employees in 2014.

Family-friendly Benefits: Paternity Leave - 42% of surveyed employers already offered paternity leave in 2014, 11% more than the record of 2013. Among those who provided paternity leave, 31% of them offered 3 days, 14% offered 4-7 days, and 10% offered more than 7 days.

12% of the respondents plan to offer paternity leave in 2015.

Mother’s Room - Only 1% of surveyed companies provide a mother’s room in the office. It is expected that a further 4% of respondents will install one in 2015.

Flexible Working Hours - 17% of respondents have implemented flexible working hours in their workplace.

Another 16% of the respondents plan to introduce flexible working hours in 2015.