Hong Kong Statutory Minimum Wage Update 2023
Effective from May 1, 2023
Hi All,
Statutory Minimum Wage (SMW) has come into force since 1 May 2011. The current SMW rate is $37.5 per hour effective from 1 May 2019.
The Legislative Council has approved the subsidiary legislation on the revised SMW rate. The SMW rate is raised to $40 per hour with effect from 1 May 2023 (Read full report here).
The monthly monetary cap on the requirement of employers recording the total number of hours worked by employees is also revised to $16,300 with effect from 1 May 2023 (Read full report here).
For more details, please visit https://www.labour.gov.hk/eng/news/mwo.htm
Best Regards,
i-Admin Hong Kong
