2021香港地区薪资指南（英文版）.pdf

2021 Salary Guide Hong Kong HOW MUCH SHOULD YOU EARN? Will your salary be affected by the COVID-19 pandemicWelcome Note Awards & Recognition Market Overview Market Insights and Salary Index B anking,F inanc eand A c c oun ting I n f orma tion& T echnolo gy S ales&M ark e ting H umanR esour c es, A dministr a tion&B usinessS upport S our cing,S upply Chain&M anuf acturing Lif eS cienc e&H ealthcar e Services that Streamline your Business in Cost Cutting Environments HR Solutions for Business Success R ecruitmen tP r oc essO utsour cing(RPO ) H umanR esour c eO utsour cing(HR O ) B r and&R eputa tionB uilding HR T echnolo gy (HRS implifica tion ) Contact Us 02 TABLE OF CONTENTSlinksin t erna tional.c om 4 Banking, Finance & Accounting Information Technology Sales & Marketing Human Resources, Administration & Business Support Sourcing, Supply Chain & Manufacturing Life Science & Healthcare Welcome to Links Internationals 2021 Salary Guide. The impact of Covid-19 on APAC economies, specific industries and jobs has been one of the key talking points of 2020 as certain industries and jobs have declined significantly while others are booming as new opportunities emerge. In this publication we analyse the 2020 job market performance and explore how 2021 market trends will play out and impact candidates salaries across the following job functions: Job markets around APAC were hit heavily during the March/April period with the economic impact and uncertainty caused by Covid-19. However, as the year progressed job markets became much more resilient as businesses adjusted to the new normal. For example, the Hong Kong job market suffered a 16% drop during the first Covid-19 wave in April but only experienced a 5% drop during the third-wave in July/August despite more people being infected and stricter social distancing measures being enforced. Hong Kongs 2021 corporate salary increments are generally expected to be lower than 0% 4% on average in 2021 (lower than 2020) but some better performing and in demand functions like IT and Healthcare can expect to see average salary increases of up to 7.5% in Hong Kong, while in Singapore were likely to see up to a 9% increase (without changing jobs). Covid-19 has forced companies to accelerate the digitalisation of their business due to the requirement for remote working. As such, the demand for digital-savvy candidates and specialised tech roles in all industries are seeing a positive trend, with roles like digital marketing, CRM and ERP experts all in high demand. In Hong Kong, the demand and job postings for IT professionals grew by 11% during 2020 despite the economic challenges posed by the pandemic. Singapores demand for tech professionals was strong, with job opportunities for fresh grads still being created during this difficult year. Businesses went into flexible working arrangements during the pandemic, and increasingly, candidates are seeing flexibility as one of the most important factors when choosing a new job. Covid-19 has proved to employers and workers that working from home can be efficient and studies show that a large number of workers want a form of hybrid remote working moving forward. Offering flexible working will be increasingly important if businesses want to continue attracting the best talent. Although 2020 has been a challenging year for many people and businesses, APAC economies have shown strong resilience relative to the rest of the world and it has been interesting to see how businesses have innovated and adapted to the new normal. At the time of writing, the first of the final stage vaccines are showing positive test data and countries like China and Vietnam are already showing strong rebound growth. As such we are confident the APAC region will be the driving force behind the global recovery in 2021 and provide excellent opportunities for career development and business growth. Last but not least, we would like to thank all of the essential workers who have worked so tirelessly in the fight against Covid-19 you are all heroes who have gone above and beyond to control the pandemic. We hope that our 2021 APAC Salary Guide helps you gain a deeper understanding of the current job market and salary trends to help you drive and develop your long-term business strategies. Should you have any questions regarding the latest market trends in Asia, we would be delighted to hear from you. NOTE FROM GROUP MANAGING DIRECTOR, SCOTT THOMSON KEY HIGHLIGHTS FROM THE 2021 SALARY GUIDE INCLUDEAWARDS & RECOGNITION linksin t erna tional.c om 6 2017 2018 HR Vendors of the Year Awards 2017 Hong Kong Asia Recruitment Awards 2017 HR Vendors of the Year 2018 Hong Kong HR Vendors of the Year 2018 Hong Kong HR Vendors of the Year 2017 Hong Kong HR Vendors of the Year 2018 Singapore HR Vendors of the Year 2018 Singapore 2017 Hong Kong Best Recruitment Firm, Human Resources Best Candidate Experience Best Recruitment Team, Sales & Marketing Best HR Outsourcing Service Provider Best Recruitment Firm Human Resource Best Permanent Roles Recruitment Agency Best Payroll Outsourcing Partner Best Permanent Roles Recruitment Agency Best Payroll Outsourcing Partner Best Recruitment Firm Mid-management Roles Best Payroll Outsourcing Partner 2019 2020 HR Vendors of the Year 2019 Hong Kong The RECC Awards T he Ex c ellen tG r o wthR ecruitmen tS upplier o f China-N omina tion A w ar d HR Vendors of the Year 2020 Singapore B estHRO utsour cingP artner -B r onz e HR Vendors of the Year 2019 Hong Kong B estP a yr ollO utsour cingP artner G old B estC on tr actS ta ffingS olution Ag ency G old B est R ecru itmen t F irm H uman R esour c es G old B estP ermanen tR olesR ecruitmen t Ag ency S ilv er8 T he impact o f C o vid-19 on the H ong K ong ec onom y , spe ci fic indust ries and jobs has been one o f the k e y talking poin ts o f 2020 as c ertain industries ha v e dec lined signi fican tly whi le o ther s ar e booming as ne w opportunities arise! O v er all, the H ong K ong job mark e t pr o v ed t o be r esilien t duri ng 2020 c ompar ed t oo ther ec onomiesgiv enthec ombinedimpacto f the2 019soci alunr est andC o vi d-19duri ng 2020. A lthough all c orpor a t e job functions ha v e suff er ed neg a tiv ely t o some e xt en t, some job functi ons ha v e sho wnmor er esilienc ethano ther s. E v en though the H ong K ong job mark e t w as r esilien t in 2020, emplo y er s ma y be sligh tly r elie v ed t o hear the job mark e t has mo v ed a w a y fr om being the c omple t ely candida t e-dri v en mark e t it has in the past t o bec omemor eemplo y er -friendly . Key milestones of note during 2020 in the Hong Kong job market included: MARKET OVERVIEW HOW DID THE HK JOB MARKET PERFORM IN 2020? WHICH CORPORATE JOB FUNCTIONS WERE WINNERS AND LOSERS IN 2020? linksin t erna tional.c om Winning Functions T heInformation Technology function has r emained the stand-out perf ormer in 2020 being particul arly stable despite C o vid-19 and e v en sa w o v er all gr o wth o f 11% duri ng 2020 as IT candida t es r emained inshortsupply . First Wave of Covid-19 and Recovery - H ong K ong s fir st w a v e o f C o vid-19 and G o v ernmen t r estrictions in M ar ch signific an tly impacted the H ong K ong J ob M ark e t and busi ness c on fidenc e with job postings plummeting b y 16% during A pril be f or e r ec o v ering in M a y as C o vi d-19 in f ecti on r a t es c omeunder c on tr ol. Third Wave Resilience - D espite the r ec or d number o f C o vid-19 cases and mor e stri ng en t r estricti ons during H ong K ong s thir d-w a v e in J uly , the job mark e t w as incr easingly r esilien t and the r eacti on w as c ompar a tiv ely mut ed with only a 2% and 5% dr op in J uly and A ugust r especti v ely , indica ting tha t businesses and emplo y ees w er e adap ting t o the ne w normal . D espit e the highe r number o f cases, the job mark e t w en t on t o r ec o v er quickly b y r allying in S ep t ember taking job postings t o le v els similar P r e-C o vidlinksin t erna tional.c om On the Fence Losing Functions Banking, Finance & Accounting function has been impact ed, wi th dec en tr alisa tion, SSC oper a tion model adop tion, and ac c oun ting w ork mo ving t o che aper loca tions being sped up. P r o f essionals who ar e in M er g er s & A c quisitions (M& A) r ela t ed w ork c on tinue d t o be in demandbuto ff er sar e w eak er thanC o vid-19. Sales and Marketing functi on has been mor e v ola tile and w as particul arly a ff ect ed b y the chang es in the e v olving C o vid-19 situa tion. D igital M ark e ting pr o f essionals and E-c ommer c e e xperienc e candida t es outperf ormed the mark e t as c ompanies shift ed their sales channels t o online and r emain in high demand. T he demand f or the t op 10% sales talen t r emains str ong asbusinesseslookt oachie v er e v enuetar g e tsdespit ec o vid-19. HR generalist r oles w er e v ola tile but HR t eams ha v e had a gr ea t opportuni ty t o tak e mor e pr oactiv e r oles in business oper a tions due t o assisting in managi ng C o vi d-19 r esponses and r estructuring. Internal recruitment and Talent Acquisition r oles w er e deci ma t ed dur ing the fir st 10 mon ths o f 2020 as c ompanies put hiring s on hold. I n particular , lar g er busi nesses usi ng R ecr ui tmen t P r oc ess O utsour cing models cut as much as 75% o f their talen t ac qui sition t eams in r esponse t or educ edhirings. HR, Administration and Business Support r oles ha v e been some o f the w or st impact ed with r oles such as o ffic e manag er s, EAs and P As dr opping o ff signi fican tly as tr a v el arr ang emen ts c easedandemplo y ees w ork edfr omhome. A ft er r ec or d lo w s in unemplo ymen t o f less than 3% in 2019, H ong K ong 2020 une mplo ymen t r a t es started a t 3.4% in 2020 be f or e r eaching 6.4% in the pe riod be tw een J uly and S ep t ember (hitting a near 16 y ear high ). W hile this le v el o f unemplo ymen t is still positiv e r ela tiv e t o o ther ec onomies ar ound the w orld, c ertain sector s including t ourism, r e tail, F&B f ac e c on tinue d challeng es as the C o vid-19situa tionfluctua t es. T he k e y ne xt big hur dle f or H ong K ong s unemplo ymen t r a t e is the impact the end o f the E mplo ymen t S upport S che me in N o v ember will ha v e on jobs. I n r esp onse t o the impact o f C o vid-19, the H ong K ong G o v ernmen t in tr oduc ed the E mplo ymen t S upport S che me (ESS) which enabled H ong K ong emplo y er s t o subsidise w ag es on the basis tha t the y c ommitt ed t o r e taining emplo y ees un til N o v ember 2020. D ur ing the periodtheESSc o v er edunemplo ymen tr a t esr emained stable. W ith the sec ond tr anche o f the ESS ending in N o v ember , H ong K ong s job mark e t and une mplo ymen t will again be t est ed as emplo y er s will lik ely f eel the financial bur den in a busi ness en vi r onmen t tha t r emains challengi ng and ma y strug gle t o r e tain emplo y ees. E v en though the short-t erm out look is positiv e, w e c ould po t en tially see unemplo ymen t incr easing in D ec ember and g oing in t o 2021, especi ally if the c onsume r mark e ts f ail t o r e tur n inan y significanc eandtheChina/H ongK ongbor der canno t ber eopened. WILL UNEMPLOYMENT RATES CONTINUE TO INCREASE IN 2021? WILL THE END OF THE EMPLOYMENT SUPPORT SCHEME INCREASE UNEMPLOYMENT IN 2021? 10linksin t erna tional.c om W ith HK s ec onom y suff ering in 2020, man y emplo y ees ar e w onderi ng if the y will r ec eiv e salary incr emen ts and bonuses a t the end o f the y ear . O v er all, the cur r en t ec onomic clima t e will r esult in salary incr emen ts being lo w er in 2021 c ompar ed t o 2020 with 2021 salary incr emen ts e xpected t o be be tw een 0 - 4%. T he table belo w de tails wha t salary incr emen ts can be e xpect ed b y job function and r e flects c ertain job functions will r ec eiv e lar g er incr emen ts based on c on tinui ng talen t shortag es and whe the r candida t es ar e able or pr epar ed t o mo v e jobs out o f w eak er perf orming industries: O ne silv er lining fr om C o vid-19 is tha t H ong K ong busin esses ar e being f or c ed t o ac c eler a t e the digi tilisa tion o f their businesses as C o vid-19 has r equir ed the need f or r emo t e w orking. W ith the g o v ernme n t pr o vi ding financial assist anc e thr ough v arious schemes, business es ar e taking this opportuni ty t o implemen t t ech soluti ons t o help their business run mor e e fficien tly . As such, pr oject implemen ta tion and s y st em-speci fic r oles ha v e beenindemandand willc on tinuet orise whilethistr ansitiontak esplac e. C o vid-19 has disrup t ed businesses on a hug e scale but has also cr ea t ed opportuni ties as w ell! T ech S a vvy candida t es ar e being chosen t o fill jobs while r edundan t jobs ar e being r eplac ed incr easingly b y aut oma tion. T he online c onsumerism tr end has also been ac c eler a t ed and has cr ea t ed a gr ea t er need f or pr o f essionals in e C ommer c e and online mark e tplac es. D iff er en t industr ies ha v e all been impact ed diff er en tly , but t ech-r ela t ed specialists in all industries ar e seeing incr easing demand, wi th r oles lik e soci al media, digi tal mark e ting, CRM, HRIS,cloudc omputinge xpertsalltr endingpositiv ely . F or mor e spec ific in f orma tion on ho w much c ertain job titles ar e e xpect ed t o earn, che ck out our S alary G uidetablesfurther oninthispublication. WHAT WILL CORPORATE SALARY INCREMENTS IN HONG KONG BE FOR 2021? WHAT IMPORTANT JOB MARKET TRENDS HAVE THERE BEEN IN HK AND WHAT ROLES SHOULD GRADUATES CONSIDER? Can Switching Jobs Boost My Income? Connect with our recruitment team at / or +852 3915 0211 to find the best talent to grow your business! Function Projected Salary Increment Salary Increment with Job Change Sales & Marketing 0 - 5% 5 - 15% Banking, Finance & Accounting 0 - 5% 5 - 15% IT 3 - 7.5% 5 - 15% HR, Administration & Business Support 0 - 3% 5 - 10% Sourcing, Supply Chain & Manufacturing 0 - 3% 5 - 10% Life Science & Healthcare 3 - 7.5% 12 - 22% HK Overall 0 - 4% 6 - 15% 12MARKET INSIGHTS & SALARY INDEX: 2020 Market Trends 2021 Outlook T he B anking, F inanc e & A c c oun ting function has seen its f air shar e o f challeng es but sa w ar eas o f gr o wth despite the C o vid-19 pandemic. T he city s sta tus as a w orld-r e no wned financi al hub can be seen with the financ e industry s c on tinued thir st f or talen t. T his tr end is lik ely t o per sist as H ong K ong is still t out ed t o gr o w in importanc e as a global financi al c en tr e irr e specti v e o f the r ec en tchalleng esithashadt of ac e. M ost r edundancies in the function ha v e been in the mid t o senior -le v el positions. H o w e v er , B anking, F inanc e & A c c oun ting has tr aditionally been str ong and w e ar e seeing an e v olutio n in thefunction,leadingt omor e virtualbankingopportun ities. T he C o vid-19 pandemic has ca