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'Silver economy' panel set up

The Commerce & Economic Development Bureau today established the Advisory Panel on Silver Economy and convened its first meeting with the aim of initiating research on the development of Hong Kong’s growing elderly population as a consumer segment.    Chairing the panel, Secretary for Commerce & Economic Development Algernon Yau said the elderly demographic was emerging as an important part of the city’s economy.    He highlighted that many products and services designed to enhance the quality of life enjoyed by elderly residents are spurring growth and business opportunities.    Mr Yau added that promoting such products and services can help to foster the development of the so-called silver economy and unleash business potential in the elderly market, whilst also catering to the aspirations and needs of elderly people. He said this would be the advisory panel’s focus.     At today’s meeting, the panel endorsed its terms of reference, reviewed statistics relating to

Civil service pay report received

The Civil Service Bureau said that the Government today received Report No. 66 of the Standing Commission on Civil Service Salaries & Conditions of Service, which sets out the recommendation of not proceeding with Stage 2 of the 2019 Civil Service Pay Level Survey.

 

After considering the standing commission's recommendations as well as the views of stakeholders and relevant factors, the Chief Executive-in-Council will make a decision on the way forward for the pay level survey.

 

The commission has completed Stage 1 of the survey and made its assessment and recommendations on whether to proceed with Stage 2 in the report.

 

The bureau said that as the decision of whether to proceed with Stage 2 of the survey may have implications on the civil service as a whole in future, the Government will consult the staff side, the Standing Committee on Disciplined Services Salaries & Conditions of Service, the Standing Committee on Directorate Salaries & Conditions of Service and the Legislative Council Panel on Public Service.

 

In accordance with the improved pay adjustment mechanism implemented since 2007, civil service pay is compared with market pay through three different types of surveys: the six-yearly pay level survey; the annual pay trend survey to ascertain the year-on-year pay adjustment movements in the private sector; and the Starting Salaries Survey as and when necessary in response to specific circumstances.

 

The standing commission decided in 2020 to accept the Government's invitation to conduct a new round of the civil service pay level survey and resolved to adopt a two-stage approach.

 

Stage 1 comprises the necessary groundwork, including to review and set the survey methodology and scope, to compile the list of civil service benchmark jobs and to ascertain the major responsibilities of relevant jobs.

 

In Stage 2, pay related data will be collected from the private sector for analysis and formulation of recommendations.


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