Worker’s in Hong Kong’s financial sector significantly outperformed the broader market in bonuses for 2020, according to a recent survey, despite an economically challenging pandemic.
Financial workers in Hong Kong received around a bonus equivalent to 2.83 months of salary in 2020, according to a KPMG survey on employment trends.
The average bonus across all sectors in the city was equivalent to 1.83 months of salary, a nearly 18 percent drop from 2.23 last year.
In addition, the number of Hong Kong workers that saw no bonus increase double to 36 percent.
Resilient Sectors
Finance was one of two sectors to see a boost in 2020 payouts alongside real estate which ranked second in bonuses at 2.16 months of salary.
Overall salaries in 2021 are expected to be flat with 51 percent forecasting no change.
The KPMG survey was conducted with over 700 executives, department heads and senior managers.
