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Stay informed about the updates applied to PeopleSoft applications to keep your organization compliant

Legislative Update for PeopleSoft HCM Global Payroll Hong Kong

Paul Smit
Director Product Management
Statutory Minimum Wage Rate

The Chief Executive in Council has adopted the recommendation of the Minimum Wage Commission of Hong Kong to raise the Statutory Minimum Wage rate (SMW) to $32.5 per hour. Subject to the approval of the Legislative Council, the revised SMW rate will take effect from 1 May 2015. The Position Statement has been revised to include more details about these legislative updates and the patch availability. We advise customers to review the position statement to keep up-to-date. The Position Statement can be found on My Oracle Support, Document ID 1963839.1.

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