Understanding the Minimum Wage Ordinance

The Minimum Wage Ordinance (MWO) aims to establish a Statutory Minimum Wage (SMW) regime which strikes an appropriate balance between forestalling excessively low wages and minimizing the loss of low-paid jobs while sustaining Hong Kong’s economic growth and competitiveness.

The SMW rate becomes effective the first of May 2011. The initial SMW rate has been set at 28 HKD per hour.

PeopleSoft HCM Global Payroll for Hong Kong is providing the resolution to comply with MWO.