Immigrants | Survey: Training expenses as a percentage of salary increase

In the past two years, Hong Kong has been hit by the epidemic and immigration waves. In addition to the high unemployment rate, Hong Kong is also facing a brain drain.

The Institute of Human Resource Management released a survey report today (10th) that the actual expenditure on training provided by the business sector to employees’ overall basic salary was 1.9% last year, a slight increase of 0.6% over the previous year. away from other industries.

In addition, the annual training hours per employee in Hong Kong also rose to 14.1 hours last year, an increase of 1.2 hours or about 10% from 12.9 hours in the previous year.

The society believes that the data shows that the economy is sluggish under the epidemic, but the indicators of employee training have rebounded in the past year.

According to a survey report published by the Institute of Human Resource Management, the actual expenditure on training provided by the business sector to employees' overall basic salary was 1.9% last year.

(Photo by Lin Yingxian)

The "2021 Employee Training and Development Needs Survey" conducted by the Institute of Human Resource Management from March to May this year covers 116 organizations from different industries and involves 74,400 full-time employees.

The survey results show that in the business sector, the average ratio of the actual expenditure on training and development to the overall basic salary of employees last year was 1.9%, a slight increase from 1.3% in the previous year. Among them, the related expenditure in the business service sector was higher than the average. percentage point, with a ratio of 2.9%, the only sector that surpassed the average, followed closely by the construction/real estate development sector with a ratio of 1.9%.

The Institute believes that the proportion of training expenses to salary in these two industries is significantly lower than that of other industries.

According to the institute, 47% of the 102 organisations that provided the data considered upskilling their employees very important, for three main reasons:

1. Prepare for institutional development (82%)

2. Encourage talent retention (65%)

3. Closing the skills gap

In addition, 81% of the 109 organizations that provided data for 2021 agreed that the epidemic has hindered employee training, while 64% of the companies surveyed have added training content to deal with the epidemic, including:

1. Health and safety during the pandemic (64%)

2. Support employees’ mental health (55%)

3. Hosting online training courses (42%)

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