Published 20 December 2023
ECA provides an update on latest trends in pay awards for locally-employed staff in the Greater China region in 2023 and project trends for 2024. This webinar was delivered in Mandarin.
Published 26 October 2022
While workers in Singapore will see a salary increase of 3.8%, inflation will set salaries back by 1.7% in real terms this year.
Published 26 October 2022
Workers in Hong Kong are expected to receive a salary increase of 4% in 2023, 0.5% higher than 2022.
Published 26 October 2022
Record real-terms salary decrease is a result of 9.1 percent annual average inflation, the highest in 40 years.
Published 07 November 2023
Workers in Hong Kong are expected to receive a salary increase of 4.0% in 2024, the same as 2023.
Published 07 November 2023
Workers in Singapore are expected to receive a salary increase of 4.0% in nominal terms in 2024, consistent with the rate in 2023.
Published 25 October 2023
Businesses in the UK expect to repeat an historic 5% nominal pay increase in 2024
Published 29 July 2020
Changes to tax residency guidelines mean that many Chinese employees based in Hong Kong now need to declare their Hong Kong income and pay taxes on it in mainland China.
Published 12 December 2024
Global inflation has fallen, and widespread real-terms salary increases have finally returned.
Published 29 November 2023
Find out how salary increase rates fared in major economies around the world.