On 12 December 2012, the Chief Executive in Council adopted the Minimum Wage Commission's recommendation to adjust the Statutory Minimum Wage (SMW) rate from HK$28 per hour to HK$30 per hour, up by HK$2.0 (or 7.1%). It is anticipated that the new rate will take effect on 1 May 2013.

As a consequence of the change to the SMW rate, the HK$11,500 monthly cap (above which it is not necessary to keep a written record of hours worked) will increase to HK$12,300 per month.

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