ECA International, the world’s leading human resource management consultancy, released the results of its latest annual “My Expatriate Compensation Market Survey,” on Aug. 3. Hong Kong dropped from fifth to eighth in the world in the latest global ranking of expatriate compensation and benefits. At the same time, the UK is back to its position as the most expensive region for expatriates, with an overall compensation package as high as US$440,000 per annum.
According to the report, the overall compensation package for expatriate workers in Hong Kong rose slightly by US$3,800 to US$283,000 last year, one of the smallest increases in Asia. Although Hong Kong’s cash compensation packages rose by 4.5 percent (lower than many others in Asia), this was partly offset by a reduced benefits package mainly due to lower accommodation costs.
