Report: ​Report On Wage Practices, 2012

The tight labour market continued to raise workers’ wages, but the pace of increase moderated in 2012, amid the weaker economic conditions. Over the long term, real wage increases have been supported by productivity growth. A large majority of employees in the private sector were under some form of flexible wage system in 2012, following the general uptrend in the implementation of flexible wage measures recommended by the tripartite partners in 2004.

This report examines employers’ adoption of a flexible wage system and changes in their employees’ wages in 2012. Topics covered include total and basic wage changes, bonuses and wage flexibility.