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Hong Kong IT salary trends report 2013
Chandler Macleod has just released their Hong Kong IT salary trends report 2013. The report warns employers that they can’t afford to allow their staff to fall behind local salary market rates, or they risk losing them as demand heats up.
Chandler Macleod noted some significant salary raises being acheived where this had occurred and staff decided to move on. The short-term saving of underpaying relative to the market is soon offset by (i) the replacement salary at market rate (ii) cost of rehire, (iii) productivity loss and the (iv) knock on effects to other staff. What trends are you seeing in the local market?
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