jobsdb Compensation and Benefits Survey Report 2015

Transcription

1 jobsdb Compensation and Benefits Survey Report 2015

2 Content Introduction. 7 Scope and methodology. 8-9 Chart Size of participating companies Definition Hiring plan and market expectation 1.1 Hiring plan in coming three months Chart Hiring plan comparison (Quarterly) 1.2 Expectation on employment market in Chart Expectation on employment market in 2015 jobsdb.com PAGE 1

3 Content (con t) 2. Pay adjustment prediction in Distribution of pay adjustment prediction in Chart Distribution of monthly salary adjustment in Pay adjustment by company size Chart Percentage of monthly salary adjustment in 2015 by company size 2.3 Pay adjustment by business sectors Chart Percentage of monthly salary adjustment in 2015 by business sectors 2.4 Pay adjustment by job functions Chart Percentage of monthly salary adjustment in 2015 by job function jobsdb.com PAGE 2

4 Content (con t) 2.5 Pay adjustment by job positions Chart Monthly salary adjustment in 2015 Accounting Chart Monthly salary adjustment in 2015 Clerical / Secretarial / Operation Chart Monthly salary adjustment in 2015 Design Chart Monthly salary adjustment in 2015 Engineering Chart Monthly salary adjustment in 2015 Executive / General Management Chart Monthly salary adjustment in 2015 Human Resources & Administration Chart Monthly salary adjustment in 2015 Information Technology Chart Monthly salary adjustment in 2015 Shipping / Logistic Chart Monthly salary adjustment in 2015 Marketing Chart Monthly salary adjustment in 2015 Merchandising Chart Monthly salary adjustment in 2015 Retail Operations Chart Monthly salary adjustment in 2015 Sales jobsdb.com PAGE 3

5 Content (con t) 3. Bonuses 3.1 Performance bonus Chart Percentage of companies providing performance bonus in 2014 Chart Percentage of companies providing guaranteed performance bonus in Performance bonus in 2014 by company size Expected performance bonus in 2015 by company size Chart Comparison of performance bonus provided in 2014 & by company size Performance bonus in 2014 by business sectors Expected performance bonus in 2015 by business sectors Chart Comparison of performance bonus provided in 2014 & by business sectors Performance bonus in 2014 by employee levels Expected performance bonus in 2015 by employee levels Chart Comparison of performance bonus provided in 2014 & by employee levels jobsdb.com PAGE 4

6 Content (con t) Number of performance bonus issued per year Chart Number of performance bonus issued per year Month of issue for performance bonus Chart Month of issue for performance bonus 3.2 Double pay Chart Percentage of companies providing double pay in Double pay in 2014 comparison by business sectors Chart Comparison of double pay by business sectors jobsdb.com PAGE 5

7 Content (con t) 4. Benefits 4.1 Leave Annual leave in 2014 by business sectors Chart Annual leave in 2014 by business sectors Special leave Chart Companies granting special leave in Special leave paternity leave Chart Number of days for paternity leave 4.2 Flexible working hours Other benefits Conclusion jobsdb.com PAGE 6

8 Introduction To assist HR professionals devise their human resources plans for next year, jobsdb conducted a Compensation & Benefits Survey at the end of The most updated information from 99 corporations of different business sectors in Hong Kong is obtained. A report is compiled to provide valuable prediction on salary trend and benefits adjustment for Disclaimer The information provided in this report is for reference only. Whilst jobsdb endeavors to ensure the accuracy of the information in this report, no express or implied warranty is given by jobsdb as to the accuracy of the information. jobsdb shall not be liable for any damages (including, without limitation, damages for loss of business or loss of profits) arising in contract, tort or otherwise from the use of or inability to use this report, or any material contained in it, or from any action or decision taken as a result of using this report or any such material. jobsdb.com PAGE 7

9 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 2014 and Besides, information on various types of benefits was also collected for analysis. These findings will help companies make informed hiring decisions and provide useful data on pay/benefits adjustment. 2. Survey coverage The survey covered 99 companies from 20 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, 63% of the companies employ less than 50 staff, 17% employ staff, 8% employ staff, 7% employ staff, and 5% employ more than 500 staff. Size of participating companies (Number of participating companies: 99) employees 8% employees 7% More than 500 employees 5% employees 17% Less than 50 employees 63% jobsdb.com PAGE 8

10 Scope and Methodology (con t) 3. Datum Point Basic monthly salary (excluding any bonuses, but including commission) of surveyed companies as at 1 September 2014 was recorded and predicted adjustment of basic monthly salary in 2015 was captured. The compensation and benefits in 2014 and 2015 were also surveyed. 4. Data Collection Method The survey was conducted through an online questionnaire. Companies were invited to fill in the questionnaire through from 27 October to 19 November Data Analysis Surveyed companies were requested to provide data of basic monthly salary of each job position in 2014, predicted salary adjustment of each job position in 2015 and compensation and/or benefits provided. The data was analyzed to determine the average, median, 25 th percentile, 75 th percentile, or percentage for basic monthly salary, predicted salary adjustment, annual leave, performance bonus and double pay. For other compensation or benefits, percentage was to be determined. Separate analyses were carried out by grouping the surveyed companies according to their business sector or size, or grouping job positions according to job functions. jobsdb.com PAGE 9

11 Definitions Basic monthly salary (HK$): the present monthly salary excluding any bonuses (both guaranteed and non-guaranteed bonuses) but including commission in a particular job position. The present salary was recorded as at 1 September 2014 Predicted adjustment (%): the predicted adjustment of a basic monthly salary in a particular job position in 2015 Employees: it refers to those full-time salaried employees working in Hong Kong only. Expatriates, part-time and temporary employees are excluded Employee level: employees are grouped into four categories based on their field s experience: 1.Top / senior management 2.Middle management / non-managerial professionals 3.Supervisory / officers 4.Clerical / frontline jobsdb.com PAGE 10

12 Definitions (con t) Average: a mathematical average of a set of data values (basic monthly salaries, percentage adjustments, number of annual leave, and performance bonus or double pay). Arithmetic average will not be provided when number of the data values used in calculation is 4 or less. Median: a middle number of a set of data values (basic monthly salaries, percentage adjustments, number of annual leave and performance bonus or double pay) which divides the whole set into halves. *Median will not be provided when number of the data values used in calculation is less than 5. 25th percentile (1st quartile): it is the number of a set data values (basic monthly salaries, percentage adjustments, number of annual leave and performance bonus or double pay) which cuts off the lowest 25% of data. 75th percentile (3rd quartile): it is the number of a set data values (basic monthly salaries, percentage adjustments, number of annual leave and performance bonus or double pay) which cuts off the highest 25% of data. Inter-quartile Range (Q-range): the difference between the data values at the 25th and 75th percentiles and is a measure of statistical dispersion. jobsdb.com PAGE 11

13 1. Hiring Plan and Market Expectation 1.1 Hiring plan in coming three months Among the respondents, 64% said they would hire staff in the coming three months. This percentage is the same compared with Q but increased by 9% compared with the same period last year (Q3 2013: 55%). On the other hand, 20% of respondents said they would freeze their hiring process, which is 5% lower than Q Meanwhile, 4% of respondents plan to cut head count. Hiring plan comparison (Quarterly) 70% 60% 50% 40% 30% 20% 10% 0% Q Q Q Q Q We will hire staff 59% 55% 62% 64% 64% We will cut head count 2% 2% 3% 3% 4% We will freeze hiring process* 21% 19% 23% 17% 12% No plan yet 19% 24% 11% 17% 20% * Questionnaire wordings changed from freeze head count to freeze hiring process from Q Remarks: Sum of percentages may not equal 100% due to rounding jobsdb.com PAGE 12

14 1. Hiring Plan and Market Expectation 1.2 Expectation on employment market in 2015 When asked about the expectation on Hong Kong s employment market in 2015, more than half (55%) of the surveyed companies think that the employment market in 2015 will be about the same as 2014, while only 20% of them think the market will be more active. Expectation on employment market in 2015 Not sure 10% More active than % Less active than % About the same as % jobsdb.com PAGE 13

15 2. Pay Adjustment Prediction in Distribution of pay adjustment prediction in 2015 Around 90% of employees could expect a pay rise in 2015, of which 40.1% could expect an increase of 4.1% - 5%, although the percentage is slightly lower than that of last year (41.4%). Meanwhile, 9.4% of employees might face a salary freeze (last year: 22.3%). Distribution of monthly salary adjustment in % 45.0% 40.0% 40.1% 35.0% 30.0% 25.0% 24.2% 20.0% 15.0% 10.0% 5.0% 0.0% 17.8% 9.4% 4.8% 0.4% 0.9% 2.4% 0% 0.1-1% 1.1-2% 2.1-3% 3.1-4% 4.1-5% 5.1-6% More than 6% Remarks: Sum of percentages may not equal 100% due to rounding jobsdb.com PAGE 14

16 2. Pay Adjustment Prediction in Pay adjustment by company size In terms of company size, companies with more than 500 staff are reported to have the highest average increase of monthly salary in 2015 (5.6%) while companies with less than 50 staff have the lowest average increment (3.7%). The predicted average salary adjustment among all companies is 4.0%. 6.0% Percentage of monthly salary adjustment in by company size 5.6% 5.0% 4.0% Overall adjustment = 4.0% 3.7% 4.1% 4.1% 3.8% 3.0% 2.0% 1.0% 0.0% Less than 50 employees employees employees employees More than 500 employees jobsdb.com PAGE 15

17 2. Pay Adjustment Prediction in Pay adjustment by business sector In terms of business sectors, Electronics/Electrical Equipment is reported to have the highest average increase of monthly salary in 2015 (6.2%), followed by Medical/Pharmaceutical (5.0%). Percentage of monthly salary adjustment in by business sectors 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 2.9% 4.3% 3.7% 6.2% 3.3% 4.5% Overall adjustment = 4.0% 3.8% 2.6% 2.3% 1.8% 4.8% 5.0% 4.9% 1.9% 3.5% 3.5% 4.3% 1.0% 0.0% Remarks: Business sectors with less than 2 companies or less than 10 staff are not shown. jobsdb.com PAGE 16

18 2. Pay Adjustment Prediction in Pay adjustment by job functions In terms of job functions, Information Technology is expected to have the highest salary increase (4.6%), followed by Logistics (4.5%) and Engineering (4.2%). Percentage of monthly salary adjustment in by job functions 5.0% 4.5% 4.0% 3.5% 3.0% 3.9% 3.9% 2.8% 4.2% 3.5% 3.9% 4.6% 4.5% Overall adjustment = 4.0% 3.5% 3.7% 3.1% 4.1% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% jobsdb.com PAGE 17

19 2. Pay Adjustment Prediction in Pay adjustment by job positions In terms of job positions, the highest average salary increase is observed in Project Manager (6.0%), followed by Technical Support and Assistant Administration Manager (both are 5.5%). jobsdb.com PAGE 18

20 2. Pay Adjustment Prediction in 2015 Present (2014) & predicted (2015) average monthly salary (Accounting - by job functions) 120, , , , ,000 60,000 40,000 20,000 60,526 62,659 44,261 42,618 34,438 33,400 26,809 25,720 18,865 18,197 15,191 14,600 0 CFO / Financial Director Financial Controller Accounting / Finance Manager Chief Accountant Accountant / Senior Accountant Assistant Accountant Accounting Clerk / Officer Average 100,326 60,526 42,618 33,400 25,720 18,197 14, Median 98,980 55,000 42,625 33,500 25,000 18,000 15,000 Q-Range 80, ,500 50,000 74,000 35,150 51,892 30,000 38,750 22,900 28,500 17,540 20,000 11,875 17, Average 104,022 62,659 44,261 34,438 26,809 18,865 15,191 jobsdb.com PAGE 19

21 2. Pay Adjustment Prediction in 2015 Percentage of monthly salary adjustment (Accounting - by job positions) 4.5% 4.0% 3.5% Overall adjustment = 3.9% 3.6% 3.4% 3.8% 3.4% 4.2% 3.7% 3.9% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% CFO / Financial Director Financial Controller Accounting / Finance Manager Chief Accountant Accountant / Senior Accountant Assistant Accountant Accounting Clerk / Officer jobsdb.com PAGE 20

22 2. Pay Adjustment Prediction in 2015 Present (2014) & predicted (2015) average monthly salary (Clerical / Secretarial / Operations - by job functions) ,000 40,000 36,576 38,394 35,000 30,000 25,000 20,000 15,000 10,000 10,907 11,346 10,174 9,805 11,898 11,439 28,963 27,928 18,374 17,723 25,046 24,182 19,826 18,656 19,163 18,018 5,000 0 Clerk Office Assistant Receptionist Executive Secretary Secretary Operations Manager Assistant Operations Manager Operations Officer Office Administrator Average 10,907 9,805 11,439 27,928 17,723 36,576 24,182 19,163 18, Median 10,607 9,000 11,000 28,000 18,250 36,200 22,000 16,000 18,000 Q-Range 10,000 11,500 8,050 10,825 9,000 13,000 24,750 32,000 13,000 20,000 30,000 45,000 21,000 26,500 13,500 20,000 15,000 19, Average 11,346 10,174 11,898 28,963 18,374 38,394 25,046 19,826 18,656 jobsdb.com PAGE 21

23 2. Pay Adjustment Prediction in % Percentage of monthly salary adjustment (Clerical / Secretarial / Operations - by job positions) 5.0% 4.8% 4.0% 4.0% 3.8% 4.1% 3.7% 3.7% Overall adjustment = 3.9% 3.5% 3.7% 3.8% 3.0% 2.0% 1.0% 0.0% Clerk Office Assistant Receptionist Executive Secretary Secretary Operations Manager Assistant Operations Manager Operations Officer Office Administrator jobsdb.com PAGE 22

24 2. Pay Adjustment Prediction in 2015 Present (2014) & predicted (2015) average monthly salary (Design - by job functions) ,000 40,000 35,000 37,800 39,270 30,000 25,000 23,800 24,267 20,000 15,000 10,000 5,000 16,490 17,107 0 Design Manager Senior Designer Graphic / Fashion / Interior / Web Designer Average 37,800 23,800 16, Median 42,000 21,000 16,550 Q-Range 35,000 42,000 20,250 26,000 15,600 17, Average 39,270 24,267 17,107 jobsdb.com PAGE 23

25 2. Pay Adjustment Prediction in % Percentage of monthly salary adjustment (Design - by job positions) 3.5% 3.6% 3.5% 3.0% Overall adjustment = 2.8% 2.5% 2.0% 1.5% 1.6% 1.0% 0.5% 0.0% Design Manager Senior Designer Graphic / Fashion / Interior / Web Designer jobsdb.com PAGE 24

26 2. Pay Adjustment Prediction in 2015 Present (2014) & predicted (2015) average monthly salary (Engineering - by job functions) ,000 40,000 35,000 42,230 41,263 40,694 39,194 33,485 31,843 30,000 25,000 24,059 23,000 20,000 15,000 10,000 5,000 15,252 14,544 13,758 13,260 0 Engineering Manager Assistant Engineer Manager Senior Engineer Engineer Assistant Engineer Technician Average 40,694 39,194 31,843 23,000 14,544 13, Median 40,000 41,361 31,482 18,700 14,858 12,000 Q-Range 35,000 48,625 35,417 41,361 26,000 31,482 16,000 32,000 14,000 14,858 12,000 15, Average 42,230 41,263 33,485 24,059 15,252 13,758 jobsdb.com PAGE 25

27 2. Pay Adjustment Prediction in % Percentage of monthly salary adjustment (Engineering - by job positions) 5.0% 5.2% 5.1% Overall adjustment = 4.2% 4.8% 4.3% 4.0% 3.6% 3.7% 3.0% 2.0% 1.0% 0.0% Engineering Manager Assistant Engineer Manager Senior Engineer Engineer Assistant Engineer Technician jobsdb.com PAGE 26

28 2. Pay Adjustment Prediction in 2015 Present (2014) & predicted (2015) average monthly salary (Executive / General Management - by job functions) , , , , , ,000 93,286 96,027 97, ,023 80,000 60,000 40,000 20,000 0 CEO/President Vice President General Manager Average 140,387 93,286 97, Median 100,000 75,000 77,500 Q-Range 73, ,000 55, ,490 58, , Average 145,270 96, ,023 jobsdb.com PAGE 27

29 2. Pay Adjustment Prediction in % Percentage of monthly salary adjustment (Executive / General Management - by job positions) 4.5% 4.4% 4.0% 3.5% 3.0% Overall adjustment = 3.5% 3.1% 2.5% 2.4% 2.0% 1.5% 1.0% 0.5% 0.0% CEO/President Vice President General Manager jobsdb.com PAGE 28

30 2. Pay Adjustment Prediction in 2015 Present (2014) & predicted (2015) average monthly salary (Human Resources & Administration - by job functions) 70,000 60,000 57,236 59, ,000 40,000 39,658 38,262 33,719 32,533 30,000 20,000 21,638 20,787 14,875 15,494 13,343 12,850 23,557 22,372 18,237 20,133 17,470 13,912 13,332 20,845 10,000 0 HR & Administration Director HR Manager HR Officer Assistant HR Officer HR Assistant Administration Manager Assistant Administration Manager Administration Officer Administration Assistant / Clerk Training Officer Average 57,236 38,262 20,787 14,875 12,850 32,533 22,372 17,470 13,332 20, Median 55,000 38,000 20,975 14,500 12,000 33,500 21,400 17,000 12,000 17,500 Q-Range 42,500 71,500 30,000 45,000 17,950 23,000 13,750 15,500 12,000 13,350 24,000 35,430 18,000 24,950 16,700 18,000 11,800 14,375 17,500 22, Average 59,101 39,658 21,638 15,494 13,343 33,719 23,557 18,237 13,912 20,845 jobsdb.com PAGE 29

31 2. Pay Adjustment Prediction in 2015 Percentage of monthly salary adjustment (Human Resources & Administration - by job positions) 6.0% 5.5% 5.0% 4.0% 3.6% 4.1% 4.2% Overall adjustment = 3.9% 3.8% 3.5% 4.5% 4.2% 3.4% 3.0% 3.0% 2.0% 1.0% 0.0% HR & Administration Director HR Manager HR Officer Assistant HR Officer HR Assistant Administration Manager Assistant Administration Manager Administration Officer Administration Assistant / Clerk Training Officer jobsdb.com PAGE 30

32 2. Pay Adjustment Prediction in 2015 Present (2014) & predicted (2015) average monthly salary (Information Technology - by job functions) 90,000 80,000 70,000 77,500 80, ,000 50,000 40,000 30,000 20,000 43,766 41,966 32,837 30,857 28,932 27,621 22,115 21,254 19,333 18,536 24,400 25,696 22,379 24,905 21,500 23,665 17,295 16,361 10,000 0 IT Director IT Manager Project Manager System Analyst Analyst Programmer Programmer Systems Support / Network Manager Network Administrator Network Engineer Technical Support Average 77,500 41,966 30,857 27,621 21,254 18,536 24,400 21,500 23,665 16, Median 80,000 39,000 32,000 25,000 20,000 16,250 24,000 19,600 23,100 15,000 Q-Range 70,000 86,250 35,000 50,375 27,000 40,000 22,000 32,200 18,000 25,000 16,000 20,625 20,000 26,400 18,300 27,350 18,000 30,000 13,000 20, Average 80,345 43,766 32,837 28,932 22,115 19,333 25,696 22,379 24,905 17,295 jobsdb.com PAGE 31

33 2. Pay Adjustment Prediction in % Percentage of monthly salary adjustment (Information Technology - by job positions) 6.0% 5.0% 6.0% Overall adjustment = 4.6% 4.6% 5.1% 5.3% 5.5% 4.0% 3.6% 4.1% 4.0% 4.2% 3.9% 3.0% 2.0% 1.0% 0.0% IT Director IT Manager Project Manager System Analyst Analyst Programmer Programmer Systems Support / Network Manager Network Administrator Network Engineer Technical Support jobsdb.com PAGE 32

34 2. Pay Adjustment Prediction in 2015 Present (2014) & predicted (2015) average monthly salary (Shipping / Logistics - by job functions) 40,000 35,000 36,019 37, ,000 25,000 20,000 22,497 23,421 17,951 18,744 15,000 12,414 12,998 10,000 5,000 0 Shipping Manager / Logistics Manager Shipping Supervisor / Logistics Supervisor Shipping / Logistics Officer or Executive Shipping / Logistics Assistant or Clerk Average 36,019 22,497 17,951 12, Median 34,000 22,000 17,700 13,000 Q-Range 31,250 46,000 21,200 22,525 15,851 18,880 11,500 13, Average 37,733 23,421 18,744 12,998 jobsdb.com PAGE 33

35 2. Pay Adjustment Prediction in % Percentage of monthly salary adjustment (Shipping / Logistics - by job positions) 5.0% 4.8% Overall adjustment = 4.5% 4.4% 4.7% 4.2% 4.0% 3.0% 2.0% 1.0% 0.0% Shipping Manager / Logistics Manager Shipping Supervisor / Logistics Supervisor Shipping / Logistics Officer or Executive Shipping / Logistics Assistant or Clerk jobsdb.com PAGE 34

36 2. Pay Adjustment Prediction in 2015 Present (2014) & predicted (2015) average monthly salary (Marketing - by job functions) ,000 45,000 40,000 35,000 30,000 25,000 20,000 15,000 44,490 43,250 40,925 39,389 36,188 35,010 31,025 32,475 23,049 22,378 16,945 16,290 13,350 13,941 10,000 5,000 0 Marketing Director Senior Marketing Manager Marketing Manager Assistant Marketing Manager Senior Marketing Marketing Executive Marketing Assistant Executive / Officer / Officer Average 43,250 39,389 35,010 31,025 22,378 16,290 13, Median 46,000 38,000 32,560 30,450 20,000 16,000 13,300 Q-Range 11,000 67,750 30,000 48,000 30,000 35,000 30,000 33,350 20,000 27,870 15,000 18,000 11,575 15, Average 44,490 40,925 36,188 32,475 23,049 16,945 13,941 jobsdb.com PAGE 35

37 2. Pay Adjustment Prediction in 2015 Percentage of monthly salary adjustment (Marketing - by job positions) 5.0% 4.7% 4.5% 4.3% 4.0% Overall adjustment = 3.5% 3.9% 3.5% 3.4% 3.4% 3.0% 2.7% 2.5% 2.3% 2.0% 1.5% 1.0% 0.5% 0.0% Marketing Director Senior Marketing Manager Marketing Manager Assistant Marketing Manager Senior Marketing Executive / Officer Marketing Executive / Officer Marketing Assistant jobsdb.com PAGE 36

38 2. Pay Adjustment Prediction in 2015 Present (2014) & predicted (2015) average monthly salary (Merchandising - by job functions) 40,000 35,000 30,000 25,000 36,902 35,000 29,286 30, ,692 24,708 20,000 15,000 10,000 16,525 15,970 12,783 12,389 5,000 0 Merchandising Manager Assistant Merchandising Manager Senior Merchandiser Merchandiser Assistant Merchandiser Average 35,000 29,286 24,708 15,970 12, Median 34,000 32,000 24,000 15,000 12,000 Q-Range 30, , ,000 28,000 15,000 17,000 12,000 13, Average 36,902 30,530 25,692 16,525 12,783 jobsdb.com PAGE 37

39 2. Pay Adjustment Prediction in % 5.4% Percentage of monthly salary adjustment (Merchandising - by job positions) 5.0% Overall adjustment = 3.7% 4.0% 4.1% 4.0% 3.5% 3.2% 3.0% 2.0% 1.0% 0.0% Merchandising Manager Assistant Merchandising Manager Senior Merchandiser Merchandiser Assistant Merchandiser jobsdb.com PAGE 38

40 2. Pay Adjustment Prediction in 2015 Present (2014) & predicted (2015) average monthly salary (Retail Operations - by job functions) 35, ,000 27,286 28,679 28,400 29,446 25,000 21,944 22,654 20,000 17,776 18,165 15,000 10,000 5,000 0 Shop / Store / Retail Manager Assistant Shop / Store / Retail Manager Shop/ Store / Retail Supervisor Sales Representative/ Executive Average 27,286 28,400 21,944 17, Median 27,000 22,000 18,000 20,000 Q-Range 27,000 30,000 19,000 43,000 15,000 34,500 15,000 20, Average 28,679 29,446 22,654 18,165 jobsdb.com PAGE 39

41 2. Pay Adjustment Prediction in % Percentage of monthly salary adjustment (Retail Operations - by job positions) 5.0% 5.0% 4.2% 4.0% 3.5% Overall adjustment = 3.1% 3.0% 2.2% 2.0% 1.0% 0.0% Shop / Store / Retail Manager Assistant Shop / Store / Retail Manager Shop/ Store / Retail Supervisor Sales Representative/ Executive jobsdb.com PAGE 40

42 2. Pay Adjustment Prediction in 2015 Present (2014) & predicted (2015) average monthly salary (Sales- by job functions) ,000 90,000 84,883 88,323 80,000 70,000 60,000 50,000 40,000 30,000 20,000 53,189 51,195 36,537 35,102 25,593 24,485 24,689 23,300 18,439 17,626 35,231 36,607 19,475 18,761 10,000 0 Sales Director Senior Sales Manager Sales Manager Assistant Sales Manager Sales Supervisor Sales Executive / Representative Senior Sales Engineer Sales Engineer Average 84,883 51,195 35,102 24,689 23,300 17,626 35,231 18, Median 95,000 60,000 33,000 25,000 21,587 15,000 20,000 17,125 Q-Range 74, ,000 35,000 60,000 27,000 40,000 20,250 27,225 20,500 23,000 11,000 20,000 20,000 34,000 15,531 23, Average 88,323 53,189 36,537 25,593 24,485 18,439 36,607 19,475 jobsdb.com PAGE 41

43 2. Pay Adjustment Prediction in % Percentage of monthly salary adjustment (Sales - by job positions) 5.0% 4.0% 4.0% Overall adjustment = 4.1% 3.8% 3.8% 3.6% 4.9% 4.5% 3.7% 3.9% 3.0% 2.0% 1.0% 0.0% Sales Director Senior Sales Manager Sales Manager Assistant Sales Manager Sales Supervisor Sales Executive / Representative Senior Sales Engineer Sales Engineer jobsdb.com PAGE 42

44 3. Bonuses 3.1 Performance bonus Among all companies surveyed, 77% provided performance bonus, of which 12% provided guaranteed performance bonus, 7% more compared with last year. Percentage of companies providing performance bonus in 2014 Percentage of companies providing guaranteed performance bonus in 2014 Yes 12% No 23% Yes 77% No 88% jobsdb.com PAGE 43

45 3. Bonuses Performance bonus in 2014 by company size For performance bonus, companies with staff provided the highest average performance bonus in 2014 (1.7 months of basic salary). The overall performance bonus provided by the surveyed companies is 1.4 months Expected performance bonus in 2015 by company size The predicted performance bonus in 2015 is expected to be similar with However, companies with less than 50 employees are expected to see a decrease in performance bonus (from 1.4 months to 1.3 months). jobsdb.com PAGE 44

46 3. Bonuses Comparison of performance bonus in 2014 & by company size 2014 (provided) 2015 (expected) Avg. performance bonus expected in 2015 = 1.4 months (2014:1.4 months) Less than 50 employees employees employees employees More than 500 employees jobsdb.com PAGE 45

47 3. Bonuses Performance bonus in 2014 by business sectors For performance bonus in 2014 in terms of business sectors, property development sector provided the highest average performance bonus (3.0 months of the basic salary), followed by financial services sector (2.8 months) Expected performance bonus in 2015 by business sectors The predicted performance bonus is expected to be the same in 2015 across most business sectors, the highest performance bonus is still expected to be found in the property development sector. Only few business sectors are expected to have an increase ( months) in performance bonus, while the engineering - electrical/electronic/mechanical sector is expected to have an obvious decrease (from 2.1 months to 1.3 months). jobsdb.com PAGE 46

48 3. Bonuses Comparison of performance bonus in 2014 & by business sectors 2014 (provided) 2015 (expected) Avg. performance bonus expected in 2015 = 1.4 months (2014:1.4 months) Remarks: Business sectors with less than 2 companies or less than 10 staff are not shown. jobsdb.com PAGE 47

49 3. Bonuses Performance bonus in 2014 by employee levels In terms of employee levels, the average amount of performance bonus in 2014 was 1.8 months (of the basic monthly salary) for top / senior management, 1.5 months for middle management / non-managerial professionals, 1.1 months for supervisory / officers, and 1.2 months for clerical / frontline staff Expected performance bonus in 2015 by employee levels The predicted performance bonus for most employee levels in 2015 is expected to increase compared with 2014, except the clerical / frontline staff level. jobsdb.com PAGE 48

50 3. Bonuses Comparison of performance bonus in 2014 & by employee levels 2014 (provided) 2015 (expected) Avg. performance bonus expected in 2015 = 1.4 months (2014:1.4 months) Top / Senior Management Middle Management / Nonmanagerial Professionals Supervisory/ Officers Clerical / Frontline jobsdb.com PAGE 49

51 3. Bonuses Number of performance bonus issued per year Among respondents who provide performance bonuses, 79% of them issue the bonus once per year which is the major common practice. 4% of respondents indicated that they issue performance bonuses 4 times per year. Number of performance bonus issued per year 3 times 0% 4 times 4% Others 1% Twice 16% Once 79% jobsdb.com PAGE 50

52 3. Bonuses Month of issue for performance bonus Among companies which provided performance bonus, 34% of them issued the bonus in January. While, February and December are also popular timing for issuing performance bonus. 40% Month of issue for performance bonus in % 34% 30% 25% 20% 15% 20% 16% 14% 10% 11% 8% 9% 7% 5% 0% 3% 3% 1% 0% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Remarks: Multiple answers are allowed and the sum may not equal 100% jobsdb.com PAGE 51

53 3. Bonuses 3.2 Double pay Among all companies surveyed, 56% of them provided guaranteed double pay in Percentage of companies providing guaranteed double pay in 2014 No 44% Yes 56% Remarks: "double pay refers to the guaranteed year-end payment which is equal to 1-month basic salary. jobsdb.com PAGE 52

54 3. Bonuses Double pay in 2014 comparison by business sectors In terms of business sectors, clothing/garment/textile sector and electronics/electrical equipment sector reported 100% providing double pay. Provide double pay Do not provide double pay Advertising / Public relations / Marketing Service Clothing/Garment/Textile Electronics/Electrical Equipment 100% 100% 100% Engineering - Electrical/Electronic/Mechanical 25% 75% Financial Services 50% 50% Information Technology 20% 80% Manufacturing 80% 20% Medical/Pharmaceutical 50% 50% Property Development 67% 33% Telecommunication 50% 50% Trading and Distribution Wholesale / Retail 71% 77% 29% 23% Others 46% 54% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Remarks: Business sectors with less than 2 companies or less than 10 staff are not shown. jobsdb.com PAGE 53

55 4. Benefits 4.1 Leaves Annual leave in 2014 by business sectors In terms of business sectors, the top 3 highest number of average annual leave offered were found in Financial Services (18.4 days), Laboratory (18.3 days) and Telecommunications (17.1 days). Annual leave provided in by business sectors Overall average = 14.3 days jobsdb.com PAGE 54

56 4. Benefits Special leave Most common type of leave offered in 2014: Among other types of leave, marriage leave is the most common type of leave offered by employers. Among the surveyed companies, 78% provided such leave in This is followed by compassionate leave (75%) and paternity leave (42%). Most common type of leave expected to be newly offered in 2015: 12% of the companies plan to offer paternity leave in 2015, while, 8% of respondents are going to introduce family leave and birthday leave in Least common type of leave offered in 2014: Graduation leave and community service leave are the least common types of leave provided. Only 6% of the surveyed companies offered such leaves in jobsdb.com PAGE 55

57 4. Benefits Companies granting special leave in 2015 Yes No, but expected to grant next year. No, and NOT expected to grant next year. Marriage Leave 78% 2% 20% Compassionate Leave 75% 2% 23% Paternity Leave 42% 12% 45% Study and Examination Leave 34% 6% 60% Family Care Leave 12% 8% 80% Birthday Leave 10% 8% 82% Graduation Leave 6% 6% 88% Community Service Leave 6% 4% 90% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Remarks: Sum of percentages may not equal 100% due to rounding jobsdb.com PAGE 56

58 4. Benefits Special Leave - Paternity leave Among surveyed companies which offer paternity leave, about one-third (31%) of them offer 3 days of paternity leave. A total of 45% of them offer 1-2 days. 10% of the surveyed employers offer more than 7 days of paternity leave. No. of days for Paternity Leave more than 7 days 10% 1 day 19% 4-7 days 14% 3 days 31% 2 days 26% jobsdb.com PAGE 57

59 4. Benefits 4.2 Flexible Working Hours Among the respondents, 17% have implemented flexible working hours in their workplace, another 16% of the companies plan to introduce this practice in The most common mode of flexible working hours policy is that employees are allowed to work in flexible time given that a fixed number of working hours per day is fulfilled. 4.3 Other Benefits For health-related benefits, 29% of the surveyed companies provided an ergonomic environment. For family-friendly benefits, 12% provided family leave. The most common type of insurance plan offered in 2014 was clinical (out-patient service) (84%), followed by hospitalization (81%) and Chinese Bonesetters consultation and Chinese medical practitioners consultation (81%). 42% of the surveyed companies provided overtime compensation, and 6% of companies expect to provide overtime compensation in The most common types of overtime compensation are compensation leave (71%) and hourly payment (40%). Other benefits mentioned in this survey include in-house / out-sourced training, education allowance and transportation allowance. jobsdb.com PAGE 58

60 Conclusion Employment Market The hiring intention for the coming three months is expected to be the same as 2014 Q1(64%), while the percentage of employers who intend to freeze head count dropped by 5% (from 17% to 12%). Among all the respondents, 55% expect that the employment market in 2015 will be about the same as This may explain why the hiring intention remains unchanged. Another 20% of surveyed companies have no hiring plan yet. Salary Adjustment and Bonuses In 2015, 90% of surveyed employers plan to offer a pay rise (78% in 2014) and the average salary adjustment is 4.0% (3.8 % in 2014). Performance bonus is provided by 77% of employers and the average bonus size is 1.4 months of basic salary (1.6 months in 2014). 56% of surveyed companies provided guaranteed double pay to employees. jobsdb.com PAGE 59

61 Conclusion (con t) Benefits In 2014, surveyed companies provided 14.3 days annual leave to their employees on average. Other common types of leave include marriage leave (78%), compassionate leave (75%) and paternity leave (42%), all of these see a slight increase when compared with last year s results. Paternity leave is remarkably getting more popular among special leaves provided by employers. Most of the surveyed employers are willing to provide some basic benefits such as health insurance, while flexible working hour and family-friendly benefits are still not very common. As there is an increasing concern for work-life balance, employers should further explore the possibility of introducing such benefits. jobsdb.com PAGE 60