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Legislative Update for PeopleSoft HCM Global Payroll Hong Kong

Paul Smit
Director Product Management
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 $34.5 per hour. Subject to the approval of the Legislative Council, the revised SMW rate will take effect from 1 May 2017. The Position Statement has been revised to include more details about this legislative update and the patch availability. The Position Statement can be found on My Oracle Support, Document ID 2225166.1. We advise customers to review the position statement to keep up-to-date.

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