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​​​Report: Retrenchment Benefits 2017

This report examines the extent and quantum of retrenchment benefits paid to local employees who were retrenched in 2017. The study is based on a survey covering 1,550 establishments which retrenched local employees in 2017. The survey took place between 23 January to 29 March 2018, with a response rate of 90%.

Key findings: The proportion of establishments which paid retrenchment benefits to eligible local employees remained high at 90% in 2017. The majority of establishments continued to pay retrenchment benefits based on employee’s service period with the establishment and this proportion has also increased, with better economic conditions. This meant 85% of retrenched locals were paid retrenchment benefits based on tenure, with the common pay-out rate being one month of salary per year of service.

For more key findings, please refer to the highlights of the report.



Retrenchment Benefits 2017

Last updated on 20 August 2020 17:28:18
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