On 20 January 2017, notice was gazetted to increase the Statutory Minimum Wage (SMW) rate to HK$34.50 per hour (up from the current HK$32.50 per hour). The new rate will come into effect on 1 May 2017.

To reflect the change to the SMW rate, the current HK$13,300 monthly cap (above which an employer is not required to keep a written record of the employee's hours worked) will be increased to HK$14,100 per month.

Employers should take steps to update their payroll procedures to reflect this change.