This report takes an in-depth look at the Hong Kong talent market and the remuneration practices of the city's leading employers. KPMG recently analysed employment and census data published by the HKSAR Government, as well as rewards-related data from the top 50 Hong Kong SAR publicly listed companies.
The report reveals the common compensation practices among major employers in Hong Kong and opportunities to enhance compensation and benefits programmes.
Key findings
- Salary and compensation packages are a key driver for attracting and retaining talent
- Companies experienced ~6% annual increases in staff costs, although headcounts remained at similar levels
- Organisations are increasingly tailoring short-term and long-term incentive arrangements to support their strategies/business plans
- Employers have an opportunity to differentiate by offering flexibility, housing benefits and enhanced retirement benefits
