Workers in Hong Kong are calling for substantial pay increases next year, with a major labor union suggesting salaries should rise by at least 5.5% in 2025.
The Federation of Hong Kong and Kowloon Labour Unions surveyed over 1,100 people between August and October and found that more than 35% believe a 5-7% pay hike would be reasonable, while 30% are seeking raises above 7%.
“Around 63% of respondents received a pay rise this year, with an average increase of 4.5%. But more than 35% were dissatisfied with this year’s salary adjustment, showing the general lack of satisfaction,” the union’s report stated.
The survey also revealed that over 56% of respondents’ employers are currently recruiting, indicating strong demand for workers. However, 32% said their companies had implemented hiring freezes, and nearly 12% reported layoffs, hinting at economic challenges.
Federation chairman and lawmaker Lam Chun-sing argued that the 2025 salary increase should not be less than 5.5%, given the economic forecast and workers’ expectations.
“Employees need a reasonable salary increase to maintain a good quality of life. It also boosts employment aspirations and helps retain talent,” Lam said.
The union pointed to the relaxation of requirements for importing labor as a factor contributing to local workers’ dissatisfaction with their pay raises.
Federation secretary-general and labor sector lawmaker Chau Siu-chung warned that if employers fail to offer reasonable pay hikes, it could lead to a “serious brain drain,” with 36.3% of respondents saying they are planning to leave their jobs.
As Hong Kong’s economy continues to recover from the pandemic, workers are evidently seeking a bigger slice of the pie, underscoring the importance of striking a balance between the needs of employees and the challenges faced by employers.
