Hong Kong construction industry set to see increase in salaries next year

Hong Kong construction industry set to see increase in salaries next year

Workers in the engineering and construction industries may look forward to higher salary rises next year compared to workers in most other sectors, according to recent poll.

The poll was conducted by the Hong Kong People Management Association and Baptist University Centre for Human Resources Strategy and Development between July and September and a follow-up survey will be conducted next month.

According to the survey those in the engineering sector will enjoy pay rises of between 4.8 and 5.3 percent, while construction industry workers will get increments of 4.5 to 5 percent.

The highest average starting monthly salary of a graduate with a master’s degree in construction is HK$16,500, while those with a master’s degree in engineering may expect HK$15,667.

The survey also interviewed 54 mainland companies and found that managers, supervisory or technical staff, general staff and operations staff stand to gain salary rises of 5.8, 6.3, 6.2 and 6.6 percent, respectively, next year.

Yip said lower increments in Hong Kong are normal as the territory is mature and developed, while the mainland is still developing. In the long run, Hong Kong’s aging population, limited and mature industries and increasing labor costs are problems that need to be resolved.

 

Hong Kong construction industry set to see increase in salaries next year

 

 

 

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