On March 6, the MTR Corporation, which recently reported a record profit of HK$15.8 billion, held an early meeting with labor unions to disclose its latest salary adjustment plan. According to sources, the MTR will implement performance-based salary increases this year, with basic salary adjustments for non-managerial employees ranging from 1.8% to 5.4%. This increase is lower than the 2.05% to 6.15% range over the past two years.
Under the new plan, employees will receive a bonus equivalent to 0.2 months of salary, with those rated at Level 3 or above eligible for bonuses ranging from 1.5 to 2.17 months of salary. Most employees are expected to receive a bonus equivalent to 1.5 months. Additionally, the referral bonus will increase from HK$6,000 to HK$8,000, and the laundry allowance will rise by HK$10 to HK$300.
The salary adjustments are tied to performance ratings, with Level 2 employees receiving a 1.8% increase, Level 3 employees receiving 3.6%, Level 4 employees receiving 4.32%, and Level 5 employees receiving the maximum increase of 5.4%.
In previous years, the MTR announced salary adjustments in July, but this year it advanced the announcement to March to align with the fiscal year.
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