Hong Kong's Job Market and Salary Trends in 2023

Are you curious about the job market and salary trends in Hong Kong for 2023? Look no further than the "2023 Salary Survey Report" by JobsDB. With insights on the highest salary increases and trends for different industries, experience levels, and age groups, this report offers valuable information for both job seekers and employers.
19 July 2023 by
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JobsDB has released its "2023 Salary Survey Report," revealing that the average salary increase for Hong Kong employees is 4.1%, the highest in three years. The highest salary increases were observed in the fields of data analysis, digital marketing/e-commerce/social media, and information technology, with the highest increase reaching 9.7%. The survey was conducted between February and March of this year and included nearly 3,800 respondents. Over 60% of respondents received a salary increase, with an average increase of 4.1%, an increase of 0.9 percentage points from last year's 3.2%. While this still has not returned to pre-pandemic levels, it is the highest increase in three years.

The survey also found that employees in the field of data analysis received the highest salary increase, reaching 9.7%. Following that were employees in digital marketing, e-commerce, and social media, with a salary increase of 7.3%, and then employees in information technology, with a salary increase of 6.6%. In terms of years of work experience, respondents with 3-5 years of experience received the highest salary increase, reaching 6.3%. This was followed by those with 0-2 years and 6-10 years of experience, with salary increases of 5.2% and 4.8%, respectively. In terms of age, respondents aged 26-30 received the highest salary increase, followed closely by those aged 25 or below.

In addition to salary, many employees also place a high value on work-life balance. The survey found that nearly 70% of respondents hoped that their employers would implement a 4-4.5 day work week, but only around 25% of respondents said their companies had already done so. Additionally, half of the respondents hoped for flexible working hours, while approximately 34% said their companies had already implemented them.

Source: JobsDB

Administrator 19 July 2023
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