69% of HK companies raise pay for finance professionals

It's based on a survey of CFOs.

According to a Robert Half survey, if you are a finance and accounting professional and you have not had a pay rise lately, then it is time to start making a game plan for getting the salary you deserve.

That is because the majority of your peers in Hong Kong are likely to have their base salaries increased.
Here's more from Robert Half:

Hong Kong is one of only six markets surveyed where a majority of companies (69%) are paying more to professionals in their finance and accounting department with the trend towards further increases.

The other five are China, Singapore, New Zealand, Australia and Brazil. The majority of countries surveyed are either maintaining or reducing salaries.

The global survey was conducted among 2,431 Chief Financial Officers (CFOs) in 16 countries, 150 of which are from Hong Kong.

Globally, Hong Kong is near parity with China, where 70% of CFOs in China are planning to increase salaries for finance and accounting professionals this year.

Ms Pallavi Anand, Managing Director of Robert Half Hong Kong, said an increase in base salaries confirms a sense of optimism as Hong Kong continues to be well regarded as a thriving hub for international and regional companies to locate their finance and accounting team for Greater China and Asia-focused operations.

In large Hong Kong firms with 1,000 or more staff, 80% are paying their finance and accounting staff more, compared to 63% of smaller firms with less than 500 employees.

And when it comes to bonus time, Hong Kong finance and accounting employees also have a good chance of getting more.

The survey found that 43% of companies are increasing bonuses while 47% are paying the same as last year.
Compared to the rest of the world, Hong Kong and China have the highest number of companies that are increasing bonuses for finance and accounting professionals, ahead of Singapore, Australia and Brazil.