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HK IT pros enjoy higher salary increase than inflation rate

12.09.2012
More than 80% of the organizations indicated their IT staff enjoys a pay rise within the year, according the latest IT salary trend survey conducted by Hong Kong Computer Society (HKCS). Surveying 58 organizations, ranging from major IT vendors and local enterprises, this is the second time that the IT professional association organizes a study of similar nature.

Among the organizations that indicated an increase of salary for their IT staff, 77% of them stated the raise fall within the range of 4-6%. The increase is higher than local inflation rate, which was 4.2% in July 2012.

The study also found nearly half (47%) of the respondents indicated they hired ICT related fresh graduates this year, with 11% of them offering a starting salary higher than HK$16K and 77% of them offering HK$10K-HK$16K. About half of these organizations indicated the starting salary for the newly graduates is higher than last year.

"According to the [survey] results, IT fresh graduates and other IT professionals both receive salary increases, which points to a promising trend in the human resources market in Hong Kong," said Stephen Lau, president of HKCS.

According to Michael Leung, CIO of China Construction Bank (CCB), the bank has hired four newly graduates this year. The entry-level positions include mobile applications development, Internet banking development and IT help desk assistant.

Among the total respondents, more than half (33) of the organizations hire more than 400 employees in total and 25 of them hire more than 100 IT professionals within the organization. "I believed the survey results are representative of the sector," added Lau.