- New Minimum Wage Rate Expected To Take Effect 1 May 2013
- December 17, 2012 | Author: Duncan A. W. Abate
- Law Firm: Mayer Brown JSM - Hong Kong Office
On 12 December 2012, the Chief Executive in Council adopted the Minimum Wage Commission's recommendation to adjust the Statutory Minimum Wage (SMW) rate from HK$28 per hour to HK$30 per hour, up by HK$2.0 (or 7.1%). It is anticipated that the new rate will take effect on 1 May 2013.
As a consequence of the change to the SMW rate, the HK$11,500 monthly cap (above which it is not necessary to keep a written record of hours worked) will increase to HK$12,300 per month.
Employers should take steps to update their payroll to reflect this change.