company overview - ctgoodjobs › article_files › ... · practice is a global leader in...
Post on 25-Jun-2020
2 Views
Preview:
TRANSCRIPT
KELLY SERVICES IN HONG KONGKelly Services Inc. (NASDAQ: KELYA | KELYB),
a US listed company and a global leader in
workforce solutions, offers a comprehensive array
of outsourcing and consulting services as well as
world-class staffing on a direct-hire, temporary and
temporary-to-hire basis. Kelly® provides employment
to 500,000+ people globally.
In APAC, Kelly Services Hong Kong is
a company of PERSOLKELLY – a joint venture
between Kelly Services Inc. and PERSOL Holdings,
Japan’s second largest recruitment firm. With
our 360° talent offerings encompassing services
from recruitment, executive search, outsourcing
to consultancy, we are dedicated to helping
any company build a motivated workforce while
measurably enhancing its brand.
OUR INSIGHTFUL SEARCHES BASED ON QUALITY, NOT QUANTITYKELLY RECRUITMENT never fills vacancies with
a barrage of CVs. Our resourceful consultants
leverage a unique talent mapping process and
extensive referral network to pinpoint perfectly
qualified candidates. When screening potential
hires, our expert professionals pay close attention to
benchmarking each person’s personality and work
ethics against different corporate values and cultures.
Our strong team of consultants are specialists
in the areas of:
• Banking & Finance • Consumer Goods - FMCG• Engineering • Finance & Accounting • Human Resources • Information Technology & Telecommunications • Insurance • Healthcare and Life Sciences • Retail
TALENT MANAGEMENT CONSULTANCY THAT EMPOWERSOur sister company, PERSOLKELLY Consulting
empowers individuals, organisations and societies
to shape future workforce through innovative
talent development, HR & management advisory,
COMPANY OVERVIEW
organisational effectiveness and insights-driven HR
solutions.
Its services include:
• HR Consulting & Management Advisory• People Analytics Lab• Leadership & Executive Development• Career Transition Services• Research & Think Tank• Talent Management Technology
INNOVATIVE OUTSOURCING SOLUTIONSKELLY OUTSOURCING is our clients’ extended
office. We take care of their mundane tasks so
that their staff can be freed up to build their core
businesses. The offerings include:
• Our Independent Contractor Solution (ICS)
provides for clients who are in need of temporary
staffing or longer-term contracting solutions. No
matter they are looking to recruit temporary office
staff for professional roles in finance, accounting,
HR, general administrative positions; or they are
companies whose nature of business requires a large
number of talents for only a finite period of time;
or they simply have an impending need to recruit
despite their limited headcount, they will be able to
benefit from our valuable contingent talent pool.
Kelly has over 1,500 contractors and temporary staff
working for our various clients in Hong Kong.
• Our Recruitment Process Outsourcing (RPO) practice is a global leader in enterprise-wide
recruiting, placement, and retention — which
efficiently sources and matches top-quality talent
across all disciplines, job levels, and geographies to
different corporate cultures.
• Our customised Business Process Outsourcing
(BPO) service combines strategic expertise and
proven, controlled processes with full accountability
in all areas — boosting productivity, efficiency,
and helps to lower costs, while offering superior
customer satisfaction levels.
• Our Contingent Workforce Outsourcing (CWO)
suite of services comprises a comprehensive family of
independently contractor managed solutions, such as
evaluation, classification and risk mitigation. Limiting
our clients’ exposure to liability fines and penalties
associated with worker misclassification, CWO also
makes it easier for clients to access critical talent.
CONTENT PAGE
1
Methodology: Salary figures included in the 2019 Hong Kong Salary Guide are derived by combining the expert market
knowledge of senior recruitment professionals within the Kelly network, as well as the latest job placement
data recorded in the Kelly database.
All rights reserved. No part of this book may be reproduced or transmitted in any form without the written permission from
Kelly Services Hong Kong. The information contained in the Salary Guide is intended for educational purposes only. Kelly
Services Hong Kong takes no responsibility for any liabilities that emerge based on the information contained in this guide.
7 Banking & Finance
3 Executive Overview
52019 Salary &Hiring Outlook
11 Corporate Professionals(Finance / Legal / HR)
15 Engineering (Industrial & Manufacturing / Building & Infrastructure)
21 Information Technology & Telecommunications (IT&T)
25 Insurance
29 Retail
SALARIES
19 Healthcare & Life Sciences
17 Fast-Moving Consumer Goods (FMCG)
2
The Kelly Services Hong Kong 2019 Salary Guide
shares our perspective on Hong Kong’s employment
outlook and salary forecast for the year. The
collection of job titles and salary ranges reflect
actual engagements between employers and
employees, and represent an accurate overview of
the marketplace.
Economic expansion had remained steady
throughout 2018, as of Q3 2018 marking the eighth
consecutive quarter of growth above the trend
growth rate of 2.7% per annum1.
Continued momentum in global economic
expansion and strong domestic demand brought
the city’s GDP growth to 3.2% in 2018, within the
forecast range of 3-4%2.
EXECUTIVE OVERVIEWWhile the unemployment rate stood at 2.8% for the
three months ending October 2018, the lowest level
in more than 20 years3, labour market conditions are
expected to remain tight.
Besides, external headwinds are also present in the
form of mounting US-China trade tensions, the stock
market downturn and higher property prices, which
will increase business costs and lower productivity.
Compelled by the fast pace of digitisation around
the world, we expect more companies to embark
on their digitisation journeys. To triumph amid a
climate of economic uncertainty, companies must
do more than just evolve their operations and
adopt new technologies – to fully reap the benefits
of digital transformation necessitates a mindset
and organisational culture shift from the bottom
3
up. Digital must be integrated into every aspect
of the organisation, and that includes inculcating
an openness to digital – to learning and even re-
learning – among employees at every level.
Matthew Cheung, Hong Kong Chief Secretary for
Administration, shared on his government blog
that human resources in Hong Kong are compelled
to face three challenges: Firstly, the ever-changing
external environment, from the fluctuating global
economy, the global protectionism sentiment to
technology disruption; secondly, the mismatch
between the skills required and the current
capabilities of the workforce; and thirdly, the
shortage of working population4.
Business growth may be hampered by any of the
above factors regardless of their size and industries.
To overcome the talent mismatch and shortages, we
expect to see more companies scout talent overseas.
The more far-sighted companies will also develop
a culture of learning among their employees, while
managing their talent resources through their own
strategic talent supply chain. Talent supply chain
management (TSCM) considers the global workforce
in its entirety – regardless whether you are buying
labour (direct-hired employees) or borrowing labour
(contract staffing or temporary staffing) – and deploy
the right people at the right moment.
As a three-peat Gold winner of the ‘Best Contract
Staffing Solution Agency’ award, we are dedicated
to support you in identifying your best talent
solution, forecasting and planning your resources
few years from now. In the process, we will work
together with you to identify where to be efficient
(i.e. focus on cost-savings) and where to be
responsive (i.e. focus on quality and speed), while
knowing how to access the best talent with minimal
risk and cost.
With insight and analysis into the micro and macro
factors affecting the employment market and talent
landscape this year, we hope that this salary guide
will help shed light on the latest industry trends
and point the way forward towards achieving your
evolving talent and business needs.
Alan Wong Managing Director and Country Head,Kelly Services Hong Kong
4
1-3 HKTDC Research. (Jan 31, 2019). Economic and Trade Information on Hong Kong.4 My Blog, Chief Secretary of Administration. (Dec 9, 2019). Hong Kong’s human resources development: Opportunities and Challenges.
Expected Increase in Retail Sales (YoY)4
Expected Unemployment Rate in 20195
Predicted Overall Salary Increment6
1-5 Trading Economics Forecast, Jan 20196 JobsDB Hiring, Compensation and Benefits Survey Report 2019
2019 SALARY & HIRING OUTLOOK
2.5% 2.4%
Expected GDP growth in 20191
Expected inflation for 20192
Consumer Price Index in 20193
Hot Professional Segments for 2019
109.98
Information Technology
Banking & Financial Services
CustomerService
Sales & Marketing
4
Insurance
5
5.2% 2.8% 3.0%
Hot Jobs for 2019
Head of Legal: HK$800k – 1.1m
Private Banking Relationship Manager: HK$850k – 1.2m
Compliance & Risk (VP/ Senior Manager): HK$800k – 1.3m
Digital Marketing Manager: HK$500k – 800k
Data Scientist: HK$420k – 850k
Talent Acquisition Manager: HK$400k – 800k
Blockchain Developer: HK$400k – 720k
System Analyst: HK$420k – 600k
Data Analyst: HK$300k – 420k
Programmer: HK$204k – 400k
5 6
Strong growth momentum in 2018 has brought Hong Kong’s banking and finance sector back on track to regain its position as the 3rd leading global financial centre, according to the Global Financial Centre Index1.
While the economy may likely dampen in 2019 on the back of escalating US-China trade tensions,
we expect the sector’s outlook to remain stable, with asset management as the key segment driving growth. We foresee a more vigilant economic outlook in Hong Kong for Q1, and hopefully the market will slowly pick up in the second half of the year. Prospects of the local wealth and asset management segment are bright, as Hong Kong continues to serve as a gateway for a growing number of Chinese high net worth individuals as well as family offices that are looking to diversify their assets into Asia and beyond. This is creating burgeoning demand for private wealth management professionals, in particular relationship managers who possess
both soft and hard skillsets to handle the needs of increasingly sophisticated clients.
We expect to see the second and third-tier China and Asia banks to continue expanding their market share in Hong Kong, with consolidation of the asset mangement players. Apart from English and Cantonese, proficiency in Putonghua and the understanding of China culture will remain to be hiring requirements of growing importance.
As the sector continues to prioritise digital transformation, fintech investments in Hong Kong are expected to achieve a compound annual growth rate of 13.0% over the forecast period of 2018 - 2022, with fintech talent naturally high in demand2.
Competition in the banking and finance sector is expected to intensify with the arrival of new entrants. Besides the emerging crop of fintech start-ups, new virtual bank licenses issued by the Hong Kong Monetary Authority will bring telecommunications companies and more into the fray.
BANKING & FINANCE
7
1 Channel NewsAsia. (Jul 28, 2018). Commentary: Once the Pearl of the Orient, Hong Kong poised to regain its shine.2 Enterprise Innovation. (Oct 16, 2018). 2019 hurdles and opportunities to financial innovation.
Avg. Salary Increment
(Job Switch)
15%
15%
10%
10%
15-30%
With increasing urgency, traditional banks must reshape their approach to digitalisation to leverage fintech strategically. The industry is on the cusp of a tech hiring boom, with widespread demand for data scientists, developers and more. Among those dipping into a currently scarce local fintech talent pool are Chinese banks in Hong Kong, which are actively sourcing fintech strategists and consultants to guide them as they adopt new technologies.
For professionals seeking to hone their skills to tap on opportunities in a digitally charged finance industry, the time to take action is now. In a diverse technological landscape, skillsets and specialisations ranging from blockchain to big data, machine learning to artificial intelligence, will be much in demand for the future workforce.
As it has been the trend for the past few years, risk management professionals will continue to be high in demand.
Besides, we foresee a continued increase in hiring for contract staff, especially in middle to back-office support, from compliance, finance, customer service, IT, sales and marketing, human resources to general office administration.
The salary increment is expected to be 10 - 12% for job switchers, and 3 - 4% for natural progressions with their existing employers.
HOT JOBS FOR 2019:
Title
Portfolio Manager - Asset Management (AVP/ VP)
Relationship Manager
Treasury Accounting (VP)
Operations Settlement (VP)
KYC/ Client Onboarding (contract)
8
Consumer Banking - Front Office
Relationship Manager / Wealth Management
250k - 425k 425k - 560k 560k - 850k 850k - 1.2m 1.0m - 1.5m
Corporate Banking - Front Office
Relationship Manager 300k - 500k 500k - 750k 750k - 900k 900k - 1.2m 1.4m+
Trade Finance 400k - 500k 500k - 850k 900k - 1.2m 1.4m - 1.8m 1.8m+
Investment Banking - Front Office
Institutional Sales 600k - 850k 900k - 1.2m 1.4m - 1.8m 1.8m - 2.5m 2.5m+
Capital Markets - Front Office
Sales 300k - 550k 600k - 900k 1.0m - 1.5m 1.8m - 2.3m 2.5m+
Private Banking - Front Office
Relationship Management 650k - 850k 850k - 1.2m 1.2m - 1.5m 1.7m - 2.5m 2.5m+
Private Equity
Investment Consulting 600k - 800k 850k - 1.2m 1.2m - 1.5m 1.6m - 2.4m 2.5m+
Asset Management
Portfolio Management 550k - 700k 750k - 1.0m 1.6m - 2.0m 2.0m - 2.5m 2.8m+
Hedge Funds
Fund Management 550k - 650k 700k - 1.0m 1.2m - 1.5m 1.8m - 2.5m 2.8m+
Middle & Back Office / Financial Accounting
Operations - Settlement 320k - 380k 400k - 600k 650k - 850k 900k - 1.2m 1.2m+
Operations - Documentation 320k - 450k 550k - 650k 700k - 1.0m 1.0m - 1.2m 1.2m+
Operations - Trade Support 300k - 500k 500k - 900k 900k - 1.2m 1.5m - 2.0m 2.0m+
Financial Control / Reporting 300k - 500k 500k - 750k 800k - 1.0m 1.2m - 1.6m 2.0m+
Management Reporting 300k - 340k 350k - 750k 800k - 1.5m 1.5m - 2.0m 2.0m+
Internal Audit 300k - 480k 500k - 800k 900k - 1.5m 1.6m - 2.0m 2.0m+
Treasury Accounting 340k - 450k 500k - 800k 850k - 1.2m 1.2m - 1.5m 1.5m+
Product Control 280k - 440k 440k - 800k 900k - 1.2m 1.5m - 1.8m 2.0m+
Project Management 300k - 450k 500k - 750k 800k - 1.2m 1.5m - 2.0m 2.0m+
Risk & Compliance
Market Risk 320k - 480k 500k - 950k 1.0m - 1.5m 1.5m - 2.0m 2.0m+
Credit Risk 300k - 450k 480k - 850k 850k - 1.4m 1.5m - 1.8m 1.8m+
Operational Risk 280k - 550k 600k - 950k 1.0m - 1.5m 1.5m - 2.0m 2.0m+
Compliance / Anti-Money Laundering 300k - 550k 550k - 750k 800k - 1.2m 1.5m - 2.0m 2.0m+
Accounting & Finance
Financial & Regulatory Reporting 28k - 45k 45k - 70k 70k - 100k
Product Control & Valuation 28k - 40k 50k - 75k 75k - 100k
Finance Controller 35k - 60k 60k - 85k 85k - 120k
Governance
Compliance - AML/Surveillance 25k - 45k 50k - 90k 100k+
Compliance & Control Analyst 25k - 45k 50k - 90k 100k+
Business Operations
Client Servicing 20k - 40k 40k - 65k 65k - 90k
KYC/Client Onboarding 20k - 40k 40k - 70k 70k - 100k
Trade Support & Settlement 18k - 35k 35k - 50k 50k - 75k
Settlement 18k - 35k 40k - 60k 60k - 80k
Administrator 16k - 28k 28k - 50k 50k+
Business Specialist 15k - 28k 28k - 50k 50k+
Projects
Business Analyst 20k - 40k 45k - 75k 75k - 100k
Project Manager (CRM) 20k - 40k 40k - 65k 65k - 90k
Risk Management
Operational Risk 20k - 45k 45k - 70k 70k - 90k
OCCUPATION TITLE RANGE OF ANNUAL BASE SALARY (HKD)
Analyst Associate/ AVP/Manager
VP/Senior Manager
SVP/ Director
Executive Director/ Managing Director
BANKING & FINANCE (PERMANENT ROLES)
9
OCCUPATION TITLE RANGE OF MONTHLY BASE SALARY (HKD)
1 - 4 years 5 - 8 years 8+ years
BANKING & FINANCE (CONTRACT ROLES)
10
The future of work might be technology-enabled, but it will remain people-driven. As companies take technological adoption to dizzying heights, the bar will be raised on the skillsets required to facilitate this digital transformation.
Companies increasingly desire accountants who can help them reduce costs and boost productivity by adopting technology from the likes of big data, robotics and more. Accounting professionals who can value add with skillsets beyond basic accounting functions, such as advisory expertise on digitalisation and technological disruption, will be in favour.
Legal tech is emerging as 2019’s top trend within the industry, among both law firms and in-house legal teams. We believe legal tech will become ever-increasingly integral in the delivery of legal services; under mounting pressure to increase efficiency, in-house legal professionals too will want to readily embrace technology to ensure time better spent on work that requires specialised judgement and analysis.
With the growing progress of Belt and Road initiatives, legal professionals with strong mergers and acquisitions and project financing capabilities, as well as experience in compliance and regulatory
areas, will also be in high demand to support companies in their efforts to go global.Reskilling and upskilling employees will be instrumental as part of companies’ digital transformation efforts. HR professionals will be responsible for the integration of technology into learning and development channels, from introducing new digital tools to creating more dynamic and engaging learning platforms, to employing analytics on employee performance.
As HR professionals transform their company’s workforce to become future-ready, they themselves will not be left out in the cold. Technology has the potential to permeate every aspect of HR, including the use of artificial intelligence to recruit and identify candidates, implementing technology as part of the interview process, automating repetitive and routine functions, and beyond. We expect HR professionals to increasingly recognise the possibilites of digitalisation, adapt, and bring them to bear within their organisations.
We expect financial and HR professionals to command an average of 15% to 20% increment for job switches and an average of 5% to 8% for natural progressions. Meanwhile, contract staff hiring for corporate back office will continue to be active.
CORPORATE PROFESSIONALS (FINANCE/ LEGAL/ HR)
Avg. Salary Increment
(Job Switch)
10 - 15%
10 - 15%
12 - 15%
10 - 15%
10 - 15%
12 - 18%
12 - 15%
HOT JOBS FOR 2019:
Title
Finance & Accounting
Financial Planning & Analysis
Finance Manager
Accountant
HR
HR Manager
Business Partner
Senior HR officer
Legal
Company Secretary
11 12
Financial Accounting
CFO 12 - 15+ 1.0m - 2.5m N/A
Director 10 - 15+ 1.0m - 1.5m N/A
Regional Controller 8 - 12+ 720k - 1.0m N/A
Controller 8 - 12+ 650k - 720k 60k - 80k
Finance Manager 5 - 10+ 550k - 650k 40k - 60k
Accountant - Accounting Manager 3 - 5+ 264k - 550k 20k - 45k
AP / AR Accountant 3 - 5+ 250k - 400k 20k - 45k
AP / AR Collection Specialist 3 - 5+ 250k - 480k 20k - 45k
Audit / Internal Control
Head of Audit 10 - 15+ 1.0m+ N/A
Internal Audit Manager 5 - 10+ 720k - 1.0m 50k - 80k
Internal Auditor 3 - 5+ 500k - 650k 38k - 50k
Management Accounting and Planning & Analysis
Head of Planning & Analysis 10+ 720k - 1.0m N/A
Manager 8 - 10+ 650k - 720k N/A
Senior Analyst 5 - 8+ 500k - 650k 45k - 70k
Analyst 3 - 5+ 320k - 550k 25k - 45k
Analyst (Data) 0 - 2 180k - 240k 18k - 25k
Treasury
Head of Treasury 8 - 10+ 1.0m+ N/A
Treasury Accountant 3 - 8+ 550k - 650k N/A
Treasury Specialist 3 - 8 360k - 720k 30k - 60k
CORPORATE PROFESSIONALS (FINANCE)OCCUPATION TITLE RANGE OF ANNUAL
BASE SALARY (HKD)
Experience (years) Permanent Positions Contract Positions
Lawyer (Qualified Solicitors only)
General Counsel 8+ PQE 1.0m - 1.5m
In House Counsel 4 - 7 PQE 1.0m - 1.5m
In House Counsel 1 - 3 PQE 550k – 800k
Paralegal
Paralegal 10+ 600k+
Paralegal 8+ 360k - 480k
Paralegal 4 - 7 220k - 360k
Paralegal 1 - 3 220k - 360k
Company Secretary
Named Company Secretary 5+ 800k - 1.0m
Company Secretary 5+ 500k - 800k
Company Secretarial Assistant 1 - 3 264k - 360K
CORPORATE PROFESSIONALS (LEGAL)OCCUPATION TITLE RANGE OF ANNUAL BASE SALARY (HKD)
Experience (years) Permanent Positions
RANGE OF MONTHLY BASE SALARY (HKD)
HR Generalist
Director 10 - 15+ 1.0m - 1.5m N/A
Regional Manager 8 - 12+ 600k - 1.0m N/A
Manager 5 - 10+ 480k - 720k 40k - 60k
HR Business Partner 5 - 8+ 336k - 540k N/A
HR Generalist/ Officer 3 - 5 260k - 360k 20k - 30k
HR Assistant 1 - 3 168k - 240k 15k - 20k
Compensation & Benefits
Director 10 - 15+ 1.0m+ N/A
Regional Manager 8 - 12+ 600k - 1.0m N/A
Manager 5 - 10+ 450k - 720k 40k - 60k
Executive/ Officer 3 - 5+ 250k - 360k 20k - 30k
Talent Acquisition
Director 10 - 15+ 1.0m+ N/A
Regional Manager 8 - 12+ 600k - 1.0m N/A
Manager 5 - 10+ 450k - 720k 40k - 60k
Executive/ Officer 3 - 5+ 250k - 360k 20k - 30k
Training & Development
Director 10 - 15+ 1.0m+ N/A
Regional Manager 8 - 12+ 600k - 1.0m N/A
Manager 5 - 10+ 450k - 720k 40k - 60k
Executive/ Officer 3 - 5+ 250k - 360k 20k - 30k
Business Support
Office Manager 6 - 10 250k - 360k 36k - 50k+
Office Manager 3 - 5 250k - 360k 22k - 35k
Personal Assistant 6 - 10 360k - 420k 36k - 50k+
Personal Assistant 3 - 5 250k - 360k 22k - 35k
Executive Secretary 6 - 10 360k - 420k 36k - 50k+
Executive Secretary 3 - 5 250k - 360k 22k - 35k
Secretary 3 - 8 216k - 300k 18k - 30k
Administrative Manager 6 - 10 280k - 480k 36k - 50k+
Administrative Officer 4 - 8 240k - 360k 18k - 30k
Administrative Assistant 0 - 3 156k - 216k 13K - 17k
Driver 3 - 8 204k - 360k 18k - 35k+
Receptionist 0 - 5 168k - 300k 13k - 25k
Tea Lady 0 - 1 156k - 204k 12k - 15k
OCCUPATION TITLE
Experience (years) Permanent Positions
CORPORATE PROFESSIONALS (HR & ADMINISTRATION)
Contract Positions
RANGE OF ANNUAL BASE SALARY (HKD)
RANGE OF MONTHLY BASE SALARY (HKD)
13 14
General Management
General Manager (Regional) 15+ 1.5m+
General Manager (Country) 12+ 900k - 1.2m
Production Director (Regional) 12+ 1.2m - 1.5m
Production Manager 10 - 15 550k - 800k
Marketing Director (Regional) 12+ 700k - 1.0m
Marketing Manager 8 - 12 500k - 800k
Sales
Head of Sales (Regional) 15+ 800k - 1.2m
Sales Manager 8 - 15 480k - 720k
Sales Engineer 3 - 10 250k - 500k
Project Management
Project Director 15+ 1.1m - 1.5m
Project Manager 8 - 15 500k - 850k
Project Engineer 2 - 10 250k - 500k
Planning Engineer 2 - 10 350k - 800k
Safety and Environmental Officer 3 - 10 350k - 750k
Building Services
Building Services Manager 8 - 15 600k - 950k
Building Services Engineer 2 - 10 280k - 550k
OCCUPATION TITLE Experience (years) Range of Annual Base Salary (HKD)
INDUSTRIAL / BUILDING SERVICES
Quality
Quality Director (Regional) 15+ 800k - 1.1m
Quality Engineer 10 - 15 500k - 750k
Quality Engineer 5 - 10 300k - 600k
Supply Chain
Head of Supply Chain 18+ 1.2m - 1.5m
Supply Chain Director (Regional) 15+ 800k - 1.1m
Supply Chain Manager 8 - 15 600k - 800k
Planning Manager 8 - 15 500k - 650k
Distribution Manager 8 - 15 450k - 600k
Sr Supply / Demand Planner 5 - 10 360k - 500k
Planner 3 - 8 240k - 360k
Procurement
Procurement Director (Regional) 15+ 1.0m - 1.3m
Procurement Manager 8 - 15 580k - 850k
Materials Manager 8 - 15 580k - 850k
Manufacturing
Manufacturing Director 15+ 1.1m - 1.3m
Manufacturing Manager 8 - 15 600k - 900k
Manufacturing Engineer 2 - 10 250k - 500k
OCCUPATION TITLE Experience (years) Range of Annual Base Salary (HKD)
INDUSTRIAL
Industrial and ManufacturingSince ending on a high note in 2017, the Purchasing Managers’ Index has edged below the 50-point threshold. Raw material shortages are putting pressure on manufacturers’ supplier chains, causing supplier delivery times to lengthen at the steepest rate in over seven years1.
However, with the government taking active measures to transform Hong Kong into an international innovation centre, a positive outlook may lie ahead for the manufacturing industry. A HK$2 billion re-industrialisation funding scheme, established by the Hong Kong Productivity Council, is expected to expedite re-industrialisation by subsidising manufacturers looking to set up smart production lines in Hong Kong. A further HK$2 billion will be allocated for building advanced manufacturing facilities in industrial estates2.
These moves, coupled with Hong Kong’s strong intellectual property rights protection and a robust legal system, will serve as a strong draw for more factories to be established locally, and existing local manufacturers will want to tap on the scheme to upgrade their operations.
Talent will be key to fulfilling the promise of re-industrialisation and enabling the manufacturing industry to leap forward into Industry 4.0. We expect Automation Engineers, Robotics Engineers, Control Systems Engineers and Project Managers to be in demand, but the industry faces a skills crunch; drawing the next generation to join the sector remains an enduring challenge.
This year especially, high-end manufacturing will come into focus. Hong Kong has the right infrastructure, talent capabilities, business environment and legal system to support advanced manufacturing. We expect the government’s expedition of re-industrialisation to help accelerate development of the advanced manufacturing sector. Companies will increasingly look to train their staff to apply cutting-edge technologies, robotics and more.
Employees well-versed in skillsets required for intelligent manufacturing could find overseas employment opportunities available to them, as manufacturers look for support to run factories in mainland China and Southeast Asia.
Building and InfrastructureThe line-up of commissioned transport and infrastructure projects in Hong Kong will at different project stages call for engineers of different focus. In general, the civil engineers, electrical & mechanical engineers, building and structural engineers, and green/ environmental engineers will be in demand. The ongoing Kai Tak redevelopment project, West Kowloon Cultural District development project, Greater Bay Area development project with Shenzhen are some of the big infrastructural projects in the planning pipeline. Meanwhile, hiring originating from new residential developments will remain stable and constant.
We expect to see salary increment of 8% to 10% for job switches, and 6% to 8% for natural progressions.
ENGINEERING
15
Avg. Salary Increment
(Job Switch)
10 - 15%
15 - 20%
15 - 20%
HOT JOBS FOR 2019:
Title
Sales Manager (Industrial or Building)
Project Engineer (Industrial or Building)
Building Service Engineer (Industrial or Building)
1 FocusEconomics. (Nov 5 2018). Hong Kong: Business conditions deteriorate at a softer pace in October. 2 HKPC. (Oct 11 2018). HKPC Takes Hong Kong Industries Further Towards i4.0 and Reindustrialisation with
Significant Global and Local Partnerships in the Digital Era.
16
HR Generalist
Managing Director 15+ 1.5m+
General Manager 10+ 1.2m+
Sales and Operation
Business Development Director / Sales Director 10+ 800k - 1.3m+
Business Development Manager / Sales Manager 6+ 400k - 800k
Business Development Executive / Sales Executive 3+ 200k - 350k
Regional Sales Director 10+ 850k - 1.5m+
Regional Sales Manager 6+ 500k - 850k
Regional Sales Executive 3+ 240k - 400k
Key Account Director 10+ 550k - 900k
Key Account Manager 6+ 400k - 600k
Key Account Executive 3+ 200k - 350k
Trade Marketing Director 10+ 800k - 1.3m+
Trade Marketing Manager 6+ 450k - 800k
Trade Marketing Executive 3+ 220k - 360k
Marketing
Marketing Director 8+ 720k - 1.0m+
Marketing Manager 5+ 420k - 700k
Marketing Executive 3+ 220k - 390k
Senior Brand Manager / Senior Product Manager 7+ 520k - 780k
Brand Manager / Product Manager 5+ 380k - 520k
Assistant Brand Manager / Assistant Product Manager 3+ 300k - 380k
CRM Director 8+ 720k - 1.0m+
CRM Manager 5+ 420k - 720k
CRM Executive 3+ 260k - 400k
Digital Marketing Director 8+ 900k - 1.0m+
Digital Marketing Manager 5+ 420k - 720k
Digital Marketing Executive 3+ 260k - 400k
PR / Communications Director 8+ 700k - 1.0m+
PR / Communications Manager 5+ 400k - 600k
PR / Communications Executive 3+ 250k - 400k
Events Director 8+ 700k - 1.0m+
Events Manager 5+ 400k - 550k
Events Executive 3+ 200k - 350k
OCCUPATION TITLE Experience (years) Range of Annual Base Salary (HKD)
FAST-MOVING CONSUMER GOODS (FMCG)
Elsewhere around the world, where digitisation is bringing new conveniences to consumers, Hong Kong’s consumers can be said to already be living in an age of convenience. With the city’s high density, reliable public transportation and brick and mortar stores in close proximity, meaning FMCG products are within easy access, consumers have been slower to warm up to online shopping.
Online shopping for consumer goods in Hong Kong is also not entirely frictionless; limited delivery window periods, higher minimum orders and a narrow variety of products are potential reasons for consumers’ reluctance to shop online.
Now, as companies look to increase their investments in e-commerce and online sales operations to remove these barriers, we expect e-commerce to steadily become indispensable in consumers’ daily lives and a significant platform for FMCG players.
While Hong Kong lags in the adoption of cashless payments, mobile wallet is rapidly gaining in popularity, especially with consumers increasingly using them in supermarkets and convenience stores. Providing a means for easy and secure purchase, e-wallets or mobile wallets are contributing significantly to the advance of e-commerce in Hong Kong. Yet, companies cannot compete on convenience alone.
Crucially, FMCG players will want to refine their strategies to enable a more seamless customer
experience, taking an omni-channel approach to win across both physical and online fronts.
Creating an unmatched customer experience is essential. This may include offering unique product ranges, personalised product recommendations, value for money deals, and flexible delivery and return options.
Reflecting the trend towards omni-channel strategies to drive sales, we expect continued high demand for data analysis and digital marketing professionals to support the implementation of fully integrated strategies across platforms.
With over 30% of online shoppers in Hong Kong looking for more interactions with their favourite brands on social media1, opportunities abound for FMCG companies looking to create and maintain meaningful relationships with consumers. We expect demand for social media and content specialists to grow, as companies selling FMCG online seek to strengthen their social media strategies to increase engagement and opportunities for meaningful interactions.
Companies will also see a need to strengthen their employees’ softer skills such as teamwork and communication, which are necessary complements to digital expertise.
We expect 5% to 15% salary increment for job switches, with hot roles commanding a few percentage more.
FAST-MOVING CONSUMER GOODS (FMCG)
Avg. Salary Increment
(Job Switch)
15%
15%
10%
10%
HOT JOBS FOR 2019:
Title
Digital Marketing Manager
Trade Marketing Manager
Key Account Manager
Regional Sales Manager
1 IMS. (Nov 8, 2019). Unlock Opportunities to Sell FMCG Online in Hong Kong.
17 18
Sales & Marketing
Sales Director (Regional) 15+ 800k - 1.2m
Sales Manager 5+ 450k - 650k
Marketing Director 15+ 900k - 1.3m
Marketing Manager 10+ 600k - 900k
R&D
R&D Director 15+ 1.0m - 2.0m
Clinical Research Manager 7+ 350k - 650k
Clinical Project Manager 5+ 250k - 500k
Others
Medical Affairs Manager 8+ 350k - 600k
Product Manager 5+ 400k - 800k
Regulatory Manager 8+ 350k - 800k
Quality Manager 6+ 250k - 500k
Customer Services Manager 10+ 500k - 700k
OCCUPATION TITLE Experience (years) Range of Annual Base Salary (HKD)
PHARMACEUTICAL
Sales & Marketing
Sales Director 12+ 900k - 1.3m
Sales Manager 5+ 450k - 650k
Marketing Director 15+ 800k - 1.3m
Marketing Manager 10+ 600k - 800k
Engineering
Principle Hardware Engineer 10+ 720k - 840k
Senior Hardware Engineer 5 - 8 660k - 720k
Principle Firmware Engineer 10+ 550k - 675k
Senior Firmware Engineer 5 - 8 492k - 612k
Technical Service Engineer 3 - 5 250k - 360k
Product
Project Engineer 5 - 8 450k - 565k
Product Manager 5+ 350k - 650k
Q&A Manager 8+ 250k - 550k
Regulatory Manager 8+ 250k - 650k
OCCUPATION TITLE Experience (years) Range of Annual Base Salary (HKD)
MEDICAL DEVICES
Supply Chain
Project Engineer 5 - 8 450k - 565k
Product Manager 5+ 350k - 650k
Q&A Manager 8+ 250k - 550k
Regulatory Manager 8+ 250k - 650k
OCCUPATION TITLE Experience (years) Range of Annual Base Salary (HKD)
PHARMACEUTICAL / MEDICAL DEVICES
Hong Kong’s population enjoys the longest life expectancy in the world1, a testament to the strength of the sector and a sign of its high growth potential.
Today, healthcare remains an important priority to both the government and its people alike. Biotechnology has been identified as a key area of development by the Hong Kong government. To address the population’s growing medical needs, the government has also increased recurrent expenditure on healthcare by an average of 7% over the past decade2.
At the same time, with an ageing population and health-consciousness entering the mainstream, demand for medical and home healthcare equipment is on the rise, presenting opportunities for companies to innovate new technology-enabled medical devices and services.
With the government ramping up investments in biotechnology innovation in 2018, including funding for collaborations between internationally renowned research institutes and local institutions
on biotechnology, AI and robotics research and development projects, we can expect greater demand for skilled local professionals.
Innovation and technology experts in the fields of pharmaceutical and life sciences/biotechnology, data engineering and materials science/nanotechnology will be especially sought after.
Traditional Chinese medicine (TCM) is an emerging market segment within Hong Kong’s healthcare ecosystem, and has been earmarked for growth. Hong Kong’s first Chinese medicine hospital is on track to become a reality, backed by the government’s push to prepare Chinese medicine for international development.
We expect local practitioners to be high in demand. Furthermore, with the hospital serving as a training ground and development centre, practitioners will benefit from opportunities to enhance their skillsets.
Job-switch salary increment will be between 8% and 13%, and 4% and 5% for natural progressions.
HEALTHCARE & LIFE SCIENCES
Avg. Salary Increment
(Job Switch)
15%
15%
10%
HOT JOBS FOR 2019:
Title
Marketing Manager – Pharmaceutical / Medical Devices
Sales Manager – Pharmaceutical / Medical Devices
Customer Services Manager – Pharmaceutical / Medical Devices
19
1 Hong Kong Business. (Nov 21, 2018). Hong Kong pin hopes on healthcare industry as economy weakens: survey. 2 Hong Kong Business. (Sep 26, 2018). Hong Kong’s healthcare system beats Singapore as the world’s most efficient: Bloomberg.
20
Information TechnologyFintech, insurtech, legaltech and e-logistics are among some tech neologisms that are creating rapid demands for tech specialists in Hong Kong, particularly those with expertise in blockchain, cybersecurity, artificial intelligence and big data.
Government investments are also expected to open up employment opportunities and provide more competitive salaries for IT professionals, marking an excellent time for professionals who aspire to transition into or join the sector.
On the flipside, the current skills shortage and tightening talent market will create stiff competition for talent, and not just within Hong Kong; startups in particular will face strong challenges from locally based technology giants, as well as companies based in mainland China.
In a welcome move to shore up demand for talent, the Hong Kong government has launched the Technology Talent Admission Scheme to fast-track the admission of overseas IT talent and simultaneously nurture local talent, which should help alleviate the manpower crunch in the next few years.
Among Hong Kong’s larger corporations, 85% have increased their digital investment in 2018 and further investment increases are on the cards for 93% of them over the next two years1. We expect that
senior level professionals with digital expertise will be well sought after to spearhead companies’ digital transformation efforts.
We expect the salary increment for job switchers to be 10% to 15% for permanent positions, and 20% to 30% for junior contractors with work experience of less than eight years. Those who stay in the same company for natural progressions will have salary increment of 5% to 8%.
TelecommunicationsHong Kong’s telecommunications sector is among the world’s most advanced with exceptionally high mobile and broadband penetration rates. Already more or less saturated with four major players, competition in the local mobile market is being shaken up by the disruptive presence of Hong Kong Broadband Network as a mobile virtual network operator, which challenges the industry’s traditional business model.
Now, the way forward for industry players lies in service differentiation; to compete mobile operators will be increasingly compelled to develop new initiatives, such as online platforms and Internet of Things (IoT) businesses, to add new revenue streams and retain existing customers.
With companies in different industries entering new (and crossing each other’s) fields, we can similarly expect the war for talent to intensify, its battles being waged across various fronts.
INFORMATION TECHNOLOGY & TELECOMMUNICATIONS
21
1 Marketing Interactive. (Apr 10, 2018). Google: Hong Kong is lagging far behind on digitalisation.
Avg. Salary Increment
(Job Switch)
25 - 30%
25 - 30%
20%
15 - 20%
15 - 20%
Expected to be an early adopter of 5G, Hong Kong’s 5G network could be ready as soon as 2020. When 5G takes off, it will unleash an IoT ecosystem of unprecedented speed and scale, where networks can enable high-speed connections with billions of devices – a necessity for Hong Kong to take a leap forward towards its smart city vision.
This spells massive business opportunities and yet competitive threats for Telecommunications, Media and Entertainment (TME) companies. We can expect them to move with urgency in 2019 as they prepare to develop and market products and services ahead of 5G commercialisation.
With the 5G evolution underway, cloud-proficient talent will be highly sought as more industry players are expected to move their networks to the cloud.
While land shortages may drive up costs, Hong Kong remains a preferred market for data centre investments in the foreseeable future, thanks to its stable and pro-business environment, and we expect data centre professionals to be high in demand.
We expect to see salary increment of 8% to 10% for job switches, and 7% to 8% for natural progressions.
HOT JOBS FOR 2019:
Title
Blockchain Developer
Programmer
Data Architect
Business Analyst
IT Audit / Security
22
Executive / General Management
CIO / CTO 15+ 2.5m - 3.0m 1.8m - 2.2m N/A N/A
Head of IT (Regional) 12 - 15 1.2m - 1.8m 1.0m - 1.6m N/A N/A
Head of IT 10 - 15 900k - 1.5m 720k - 1.2m N/A N/A
Service Delivery Manager 10 - 15 720k - 1.2m 720k - 800k 900k - 1.2m 700k - 950k
IT Manager 8 - 12 720k - 1.2m 720k - 800k 600k - 950k 600k - 800k
Project Management
Program Manager 10 - 15 900k - 1.3m N/A 450k - 600k 400k - 550k
Project Manager 8 - 12 800k - 1.5m 600k - 900k 700k - 900k 600k - 800k
Business Analyst 8 - 12 800k - 1.5m 600k - 900k 550k - 750k 500k - 650k
Project Management Officer 8 - 12 600k - 900k 400k - 720k 550k - 750k 500k - 650k
Project Analyst 5 - 8 300k - 500k 240k - 360k 400k - 500k 300k - 450k
Solution Architect 8 - 12 900k - 1.3m 600k - 900k 600k - 950k 500k - 800k
Infrastructure
Network Specialist 5 - 8 540k - 720k 450k - 600k 480k - 600k 400k - 600k
Network Specialist 3 - 5 420k - 540k 360k - 460k 350k - 500k 300k - 400k
Storage Specialist 5 - 8 540k - 720k 450k - 600k 500k - 650k 400k - 650k
Storage Specialist 3 - 5 420k - 540k 360k - 460k 400k - 550k 300k - 450k
Database Administrator 5 - 8 540k - 720k 450k - 600k 450k - 700k 400k - 600k
Database Administrator 3 - 5 420k - 540k 360k - 460k 350k - 500k 300k - 450k
Helpdesk Specialist 5 - 8 420k - 540k 360k - 460k 400k - 550k 300k - 450k
Helpdesk Specialist 3 - 5 360k - 480k 300k - 480k 280k - 420k 200k - 350k
System Adminstrator 5 - 8 540k - 720k 450k - 600k 500k - 700k 420k - 520k
System Adminstrator 3 - 5 420k - 540k 360k - 460k 320k - 520k 300k - 460k
IT Audit / Security 5 - 8 540k - 720k 420k - 540k 420k - 650k 360k - 550k
IT Audit / Security 3 - 5 300k - 540k 300k - 460k 300k - 480k 260k - 400k
Software / Application Development
Application Manager 8 - 12 700k - 1.0m 600k - 800k 550k - 750k 520k - 700k
System Analyst 5 - 8 540k - 720k 480k - 600k 450k - 650k 450k - 600k
Analyst Programmer 2 - 5 360k - 540k 300k - 420k 320k - 580k 300k - 500k
Programmer 0 - 2 240k - 400k 200k - 350k 240k - 480k 240k - 330k
Application Support 3 - 5 500k - 700k N/A 360k - 650k 300k - 600k
Trade Floor Support 3 - 5 550k - 800k N/A 420k - 600k N/A
Data Analysis
Data Architect 10+ 1.0m+ 900k+ 500k - 650k 500k - 550k
Snr Data Scientist 8 - 10 800k - 1.0m 720k - 900k 550k - 700k 550k - 650k
Data Scientist 5 - 8 730k - 800k 660k - 720k 320k - 600k 320k - 580k
Machine Learning Specialist 3 - 5 600k - 720k 540k - 660k 300k - 480k 300k - 480k
AI Specialist 3 - 5 528k - 660k 480k - 600k 300k - 480k 300k - 480k
OCCUPATION TITLE RANGE OF ANNUAL BASE SALARY (HKD)
Experience (years)
Banking Non-Banking Banking Non-Banking
INFORMATION TECHNOLOGY & TELECOMMUNICATION
Permanent Positions Contract Positions
Blockchain
Solutions Architect 10+ N/A 1.2m - 1.5m 500k - 700k 500k - 600k
Backend Developer 3 - 5 420k - 540k 360k - 456k 300k - 600k 300k - 600k
Project Manager 10+ N/A 1.0m - 1.2m N/A N/A
Cloud Technology
Solution Architect 10+ N/A 1.2m - 1.5m 500k - 650k 500k - 550k
Solution Consultant 3 - 5 N/A 450k - 600k 550k - 700k 550k - 650k
Product Manager 5 - 8 N/A 500k - 800k N/A N/A
Infrastructure Engineer 5 - 7 N/A 540k - 720k N/A N/A
e-Commerce / m-Commerce
Head of e-Commerce 12+ N/A 1.5m N/A N/A
Technical Manager 8 - 12 N/A 800k - 1.2m N/A 550k - 900k
Application Manager 8 - 12 N/A 750k - 1.0m N/A 550k - 850k
Director of Loyalty 8 - 12 N/A 1.3m - 1.7m N/A N/A
Loyalty Manager 5 - 10 N/A 700k - 900k N/A N/A
Product Manager 5 - 8 N/A 500k+ N/A N/A
Product Analyst 3 - 5 N/A 350k - 480k N/A N/A
CRM / Data Analyst 5 - 8 N/A 450k - 700k N/A N/A
Online Merchandising Manager 5 - 8 N/A 360k - 600k N/A N/A
Information Architect 5 - 8 N/A 480k - 720k N/A N/A
SEO / SEM 5 - 8 N/A 540k - 720k N/A N/A
UX / UI Specialist 5 - 8 N/A 420k - 600k N/A 400k - 500k
Mobile Apps Architect 10+ N/A 800+ 500k - 750k 500k - 700k
Mobile Apps Developer 3 - 5 N/A 450+ 350k - 650k 350k - 600k
Mobile Apps Developer 1 - 3 N/A 300k - 450k 200k - 400k 200k - 350k
Graphic Designer 5 - 8 N/A 300k - 550k N/A 220k - 450k
OCCUPATION TITLE RANGE OF ANNUAL BASE SALARY (HKD)
Experience (years)
For Financial Institutions
For Commercial
For Financial Institutions
For Commercial
INFORMATION TECHNOLOGY & TELECOMMUNICATION
Permanent Positions Contract Positions
IT Sales
Regional Sales Director 15+ 2.0m+ 1.5m+ N/A N/A
Business Development Manager (Regional)
8 - 12 1.2m - 2.0m 800k - 1.2m N/A N/A
Business Development Manager 8 - 12 900k - 1.2m 700k - 1.0m N/A N/A
Business Development Manager 5+ N/A 600k+ N/A N/A
Business Development Manager 3 - 5 N/A 400k - 550k N/A N/A
Pre-sales Consultant (Regional) 8 - 12 1.0m - 1.5m 800k - 1.2m N/A 650k - 950k
Pre-sales Consultant 5+ N/A 700k+ N/A N/A
Pre-sales Consultant 3 - 5 400k - 800k 400k - 700k N/A 350k - 600k
Pre-sales Consultant 1 - 3 N/A 300k - 420k N/A N/A
Account Manager 2 - 5 N/A 300k - 550k N/A N/A
Account Manager 1 - 2 N/A 220k - 300k N/A N/A
Sales Manager 3+ N/A 500k+ N/A N/A
Sales Manager 1 - 3 N/A 300k - 500k N/A N/A
For Financial Institutions
For Commercial
For Financial Institutions
For Commercial
Permanent Positions Contract Positions
Experience (years)
23 24
The rising protectionist sentiments, brought about by Brexit and the U.S. government, has provided opportunities for the up-and-coming mainland Chinese and Asian companies to acquire established Hong Kong and APAC insurance operation as a means to realise their global plans. We foresee the Chinese and Asian companies will continue to be active hirers.
As for the foreign companies, the IFRS17 model has emerged as the global consistent standard of accounting for insurance contracts. IFRS17 requires a holistic approach affecting products, systems and reporting process. To abide to the standard, many international companies are strengthening their legal teams and have been hiring Heads of Legal, Legal Counsels and Legal Secretaries since the end of 2018. Magic circle solicitors with previous experience in dealing with personal injury litigated matters, and experienced insurance lawyers are sought after.
At the local front, the keen insurance companies, supported by policies such as Insurtech Sandbox and Fast Track, are enabled to test their new
insurance technology under a controlled environment. We expect more companies to follow the digitalisation pathway after Blue and OneDegree, by either increasingly blending technology with traditional insurance products, or forging alliances with the newcomers – Insurtech start ups – and partners to get and stay ahead. We certainly look forward to more new entrants shaking up the market.
As companies seek to unleash insurtech’s full potential, we expect professionals with specialised digital skillsets to be hot in demand. Skillsets in digital marketing, actuary modelling, online claims and legal technology will be sought after. With digitisation underway, the sales agent pool will continue to shrink while customer service professionals will have an uprise in demand. Overall, we foresee the insurance hiring market to be active in both life and general insurance companies.
We expect to see salary increment of 18% to 23% for those switching jobs, and 4% to 5% for natural progression.
INSURANCE
25
Avg. Salary Increment
(Job Switch)
21 - 25%
15 - 20%
20 - 25%
HOT JOBS FOR 2019:
Title
Head of Legal
Head of Customer Experience
Digital Marketing Manager
Underwriting
Regional Head 10+ 1.3m - 1.8m 1.2m - 1.7m 1.4m - 1.9m+ 1.2m - 2.0m
Regional Manager 10+ 800k - 1.4m 800k - 1.4m 800k - 1.3m 900k - 1.3m
Head of Department 8 - 10 900k - 1.4m 700k - 1.3m 700k - 1.3m 700k - 1.1m
Manager 6 - 8 500k - 800k 500k - 700k 600k - 900k 500k - 800k
Claims
Regional Head 10+ 1.2m - 1.6m 1.2m - 1.6m 1.2m - 1.6m 1.0m - 1.5m
Regional Manager 7 - 10+ 900k - 1.3m 800k - 1.2m 800k - 1.3m 800k - 1.2m
Head of Department 8 - 10+ 800k - 1.3m 800k - 1.1m 700k - 1.2m 700k - 1.2m
Manager 6 - 8 600k - 800k 500k - 700k 600k - 900k 500k - 800k
Actuary (Qualified)
Department Head 10+ 1.7m+ 1.5m+ 1.5m+ 1.4m+
Manager / Senior Manager 6 - 10 600k – 1.3m 800k – 1.3m 900k – 1.4m 800k – 1.3m
Assistant Manager 3 - 6 400k – 600k 400k – 800k 400k – 800k 400k – 800k
Analyst / Senior Analyst 1 - 3 100k – 400k 100k – 400k 100k – 400k 100k – 400k
Business Development / Sales
Business Development Director 10+ 1.3m - 1.7m 1.1m - 1.5m 1.0m - 1.4m 950k - 1.7m
Senior Manager 8 - 10 650k - 1.0m 650k - 950k 650k - 1.0m 720k - 1.1m
Manager 6 - 8 480k - 700k 480k - 700k 480k - 700k 480k - 700k
Compliance
Regional Head 10+ 1.5m - 2.0m 1.5m - 2.0m 1.2m - 2.0m 1.2m - 1.9m
Regional Manager 7 - 9 500k - 900k 700k - 900k 600k - 900k 600k - 900k
Head of Department 8 - 10 900k - 1.3m 900k - 1.3m 900k - 1.5m 900k - 1.5m
Manager 6 - 8 400k - 700k 400k - 700k 400k - 700k 400k - 700k
Marketing
Head of Marketing 10+ 1.2m - 2.0m 1.2m - 1.8m 1.2m - 1.7m 1.2m - 1.7m
Senior Manager 8 - 10 600k - 800k 500k - 700k 600k - 800k 500k - 850k
Manager 6 - 8 400k - 700k 400 - 700k 400 - 700k 400 - 600k
Accounting / Finance
CFO 10+ 1.8m+ 1.5m+ 1.8m+ 1.5m - 2m
Regional Manager 8 - 10+ 1.1m - 1.5m 1.1m - 1.5m 1.1m - 1.5m 1.1m - 1.5m
Comptroller 7 - 10+ 800k - 1.3m 800k - 1.3m 800k - 1.3m 800k - 1.3m
Manager 6 - 10 600k - 900k 400k - 700k 600k - 900k 500k - 700k
Operations
COO 10+ 1.8m - 3.0m 1.5m - 2.5m 1.8m - 3.0m 950k - 1.5m
Regional Manager 8 - 10+ 800k - 1.0m 700k - 900k 800k - 1.0m 600k - 800k
Head of Operations 10+ 1.2m - 1.6m 1.0m - 1.5m 1.2m - 1.6m 800k - 1.0m
Manager 6 - 8 400k - 700k 400k - 700k 400k - 700k 400k - 700k
Customer Service / Customer Experience
Head of Customer Service 10+ 900k - 1.2m 900k - 1.2m 900k - 1.2m 900k - 1.2m
Senior Manager 10+ 720k - 960k 720k - 960k 720k - 960k 720k - 960k
Customer Service Manager 8 - 10 540k - 660k 540k - 660k 540k - 660k 540k - 660k
OCCUPATION TITLE RANGE OF ANNUAL BASE SALARY (HKD)
Experience (years)
Life Non-Life Re-Insurance Broking
INSURANCE (PERMANENT ROLES)
26
Policy Administration
Department Head 10+ 950k - 1.4m 950k - 1.4m 950k - 1.4m 950k - 1.4m
Senior Manager 8 - 10+ 720k - 960k 720k - 960k 720k - 960k 720k - 960k
Manager 8 - 10 540k - 660k 540k - 660k 540k - 660k 540k - 660k
Product Development
Department Head 10+ 1.7m+ 1.5m+ 1.5m+ 1.4m+
Manager / Senior Manager 6 - 10 600k – 1.3m 800k – 1.3m 900k – 1.4m 800k – 1.3m
Assistant Manager 3 - 6 400k – 600k 400k – 800k 400k – 800k 400k – 800k
Analyst / Senior Analyst 1 - 3 100k – 400k 100k – 400k 100k – 400k 100k – 400k
Legal
Chief Legal Officer 10+ 1.5m - 2.0m 1.5m - 2.0m 1.2m - 2.0m 1.2m - 1.9m
Head of Legal 8 - 10+ 500k - 900k 700k - 900k 600k - 900k 600k - 900k
Legal Counsel 7 - 9 900k - 1.3m 900k - 1.3m 900k - 1.5m 900k - 1.5m
Auditing
Head of Auditing 10+ 1.5m - 2.0m 1.5m - 2.0m 1.2m - 2.0m 1.2m - 1.9m
Senior Manager 10+ 500k - 900k 700k - 900k 600k - 900k 600k - 900k
Manager 8 - 10+ 900k - 1.3m 900k - 1.3m 900k - 1.5m 900k - 1.5m
Partnership Distribution
Head 10+ 1.2m - 1.8m 1.2m - 1.8m N/A N/A
Associate Director 8 - 10+ 720k - 1.0m 720k - 1.0m N/A N/A
Senior Manager 8 - 10 660k - 900k 660k - 900k N/A N/A
Manager 7 - 10 480k - 660k 480k - 660k N/A N/A
Agency Distribution
Chief Agency Officer 10+ 2.0m - 3.0m 2.0m - 3.0m N/A N/A
Director of Agency 10+ 900k - 1.2m 900k - 1.2m N/A N/A
Associate Director 8 - 10+ 780k - 850k 780k - 850k N/A N/A
Senior Manager 8 - 10 600k - 780k 600k - 780k N/A N/A
Manager 6 - 8 420k - 600k 420k - 600k N/A N/A
Training & Development
Head of Training/ L&D 10+ 1.2m - 1.8m 1.2m - 1.8m N/A N/A
Senior Manager 8 - 10 700k - 840k 700k - 840k N/A N/A
Manager 6 - 8 450k - 600k 450k - 600k N/A N/A
OCCUPATION TITLE RANGE OF ANNUAL BASE SALARY (HKD)
Experience (years)
Life Non-Life Re-Insurance Broking
INSURANCE (PERMANENT ROLES)
27
Underwriting
Regional Head 10+ 100k - 150k 108k - 140k N/A N/A
Regional Manager 10+ 66k - 116k 66k - 116k N/A N/A
Head of Department 8 - 10 58k - 108k 58k - 108k N/A N/A
Manager 6 - 8 40k - 60k 41k - 66k N/A N/A
Claims
Regional Head 10+ 95k - 130k 95k - 130k N/A N/A
Regional Manager 7 - 10+ 75k - 108k 75k - 100k N/A N/A
Head of Department 8 - 10+ 66k - 91k 66k - 91k N/A N/A
Manager 6 - 8 50k - 60k 50k - 66k N/A N/A
Actuary (Qualified)
Department Head 10+ 140k+ 125k+ 125k+ 125k+
Manager / Senior Manager 6 - 10 50k - 108k 50k - 108k 50k - 110k 50k - 108k
Assistant Manager 3 - 6 33k - 50k 33k - 60k 33k - 66k 33k - 66k
Analyst / Senior Analyst 1 - 3 10k - 33k 10k - 33k 10k - 33k 10k - 33k
Compliance
Head of Department 8 - 10 75k - 108k 75k - 108k N/A N/A
Manager 6 - 8 33k - 58k 33k - 58k N/A N/A
Marketing
Head of Marketing 10+ 75k - 125k 75k - 115k 75k - 125k 75k - 115k
Senior Manager 8 - 10 50k - 66k 50k - 58k 55k - 66k 50k - 66k
Manager 6 - 8 33k - 58k 33k - 58k 33k - 58k 33k - 50k
Accounting / Finance
Manager 6 - 10 50k - 75k 30k - 60k 50k - 75k 40k - 60k
Operations
Manager 6 - 8 30k - 60k 30k - 60k 30k - 60k 30k - 60k
Customer Service
Customer Service Manager 8 - 10 45k - 55k 45k - 55k 45k - 55k 45k - 55k
Policy Administration
Manager 8 - 10 45k - 55k 45k - 55k 45k - 55k 45k - 55k
Legal
Legal Counsel 7 - 9 75k - 108k 75k - 108k 75k - 125k 75k - 108k
Auditing
Manager 8 - 10+ 75k - 100k 75k - 100k 75k - 125k 75k - 125k
Partnership Distribution
Head of Distribution 10+ N/A N/A N/A N/A
Associate Director 8 - 10+ N/A N/A N/A N/A
Senior Manager 8 - 10 N/A N/A N/A N/A
Manager 8 - 10 40k - 55k 40k - 55k N/A N/A
Agency Development
Head of Training 10+ N/A N/A N/A N/A
Associate Director 8 - 10+ N/A N/A N/A N/A
Senior Manager 8 - 10 N/A N/A N/A N/A
Manager 8 - 10 35k - 50k 35k - 50k N/A N/A
OCCUPATION TITLE RANGE OF MONTHLY BASE SALARY (HKD)
Experience (years)
Life Non-Life Re-Insurance Broking
INSURANCE (CONTRACT ROLES)
28
Executive Management
Managing Director 15+ 1.2m+
General Manager 10+ 1.0m+
Sales and Operation
Head of Retail (Regional) 12+ 1.5m+
Head of Retail 10+ 1.0m+
Retail Director (Regional) 8+ 1.2m+
Retail Director 8+ 1.0m+
Retail Manager (Regional) 8+ 700k - 975k
Retail Manager 8+ 550k - 780k
Area Manager 5+ 360k - 585k
Store Manager 6+ 325k - 650k*
Supervisor 5+ 286k - 390k*
Retail Sales 1+ 156k - 325k*
Wholesale Manager (Regional) 8+ 650k - 1.0m+*
Wholesale Manager 5+ 494k - 650k*
Travel Retail Director 8+ 1.0m+
Travel Retail Manager 5+ 450k - 715k
Sales Manager (Regional) 5+ 585k - 1.0m+
Sales Manager 5+ 455k - 650k*
Sales Executive 3+ 260k - 390k*
Marketing
Marketing Director 8+ 754k - 1.0m+
Marketing Manager 5+ 455k - 600k
Marketing Executive 3+ 222k - 390k
Brand Manager 8+ 520k - 780k
CRM Manager 5+ 455k - 1.0m+
CRM Executive 3+ 264k - 390k
Customer Service Manager 8+ 390k - 780k
Customer Service - Team Leader 5+ 264k - 360k
Customer Service Executive 3+ 200k - 364k
Digital Marketing Director 8+ 800k - 1.0m+
Digital Marketing Manager 5+ 520k - 840k
Digital Marketing Executive 3+ 330k - 450k
PR / Communications Manager (Regional) 5+ 540k - 780k
PR / Communications Manager 5+ 390k - 585k
Merchandising / Buying
Merchandising / Buying Manager 8+ 650k - 845k
Merchandiser / Buyer 5+ 320k - 500k
Store Design
Head of Visual Merchandising 10+ 900k - 1.0m+
Visual Merchandising Manager 5+ 585k - 715k
Visual Merchandising Executive 3+ 260k - 350k
Store Planning Director 8+ 715k - 1.0m+
Store Planning & Design Manager 5+ 420k - 780k
Store Design Executive 3+ 204k - 390k
OCCUPATION TITLE Experience (years) Range of Annual Base Salary (HKD)
RETAIL
At the onset of 2018, retail lifted off strong. Recording its first annual growth since 2013, the retail sector went on to a stellar double-digit growth streak through the first half of the year1.
While the tide appears to have turned in the interim – with mounting US-China tensions and a weaker yuan, which will have Hong Kong’s retailers bracing for dampened sales – the sector is poised to ride out the storm. Analysts expect the sector to rebound to a steady state of growth, with Retail Sales growing by 8.8% in 20182.
We expect the completion of cross-border infrastructure in the near term, namely the Guangzhou cross-border express rail link and Hong Kong-Zhuhai-Macau bridge, to sustain the expansion of mainland tourism and retail sales in the city, offsetting the impact of trade tensions.
If 2018 was the year Hong Kong retailers gained a foothold in digital, we can expect 2019 to be the year digital retail matures. E-commerce, data analytics, electronic and mobile payments will see wider adoption as retailers increasingly seek to
enhance the consumer experience.
This does not spell the end for traditional brick and mortar. In fact, we see physical and digital retail becoming more closely intertwined, as experiential and personalised shopper experiences come into vogue.
An abundance of data is now at retailers’ fingertips. The challenge for retailers lies in investing in the right tools and resources – especially data analytics and e-marketing talent – to help make sense of it all, and translate this data into the bottom line.
Besides digital skillsets such as Google Analytics/Adwords, SEO/SEM and social media channels, which rank high on retailers’ employee-most-wanted lists, soft skills such as teamwork and communication will also be seen as valued and necessary complements to digital expertise.
We expect the salary increment to be 10% to 20% for job switchers, and 3% to 8% for those who stay in the same company for natural progressions.
RETAIL
29
Avg. Salary Increment
(Job Switch)
15%
10%
10%
10%
HOT JOBS FOR 2019:
Title
Digital Marketing Manager
CRM Manager
Merchandiser / Buyer
Retail Manager
1 SCMP. (Aug 1, 2018). Hong Kong retail sector posts ‘ideal’ 13pc growth but US-China trade war squeeze looms.2 SCMP. (Jan 30, 2019). Hong Kong retail sales jump 8.8 per cent to US$62.2 billion in 2018 but industry body warns
US-China trade war may mean leaner times are ahead.
30*Commission not included
Kelly Services Hong Kong Limited(A PERSOLKELLY® Company)
6/F, Tower 2, The Gateway, 25 Canton RoadTsimshatsui, Kowloon, Hong KongTel: (852) 2281-0000Email: info@kellyservices.com.hkwww.kellyservices.com.hkConnect with us on LinkedIn, Facebook and Instagram
©2019 Kelly Services Hong Kong, Ltd. All Rights Reserved.
top related