This year will see high demand for HR related jobs in various sectors, as MNCs and large local firms continue to aggressively expand their presence in Singapore as a regional hub.
Specifically, increased demand is expected for in-house talent acquisition specialists, talent management professionals, and HRIS managers with compensation and benefits knowledge, owing to a shortage of candidates in the market.
These insights, featured in Links International’s 2016 Asia salary snapshot, also cited continued demand for HR business partners and managers with APAC or SEA experience, as well as experience in emerging markets with large MNCs.
In line with such demand, HR directors (including those in regional roles) with 10 to 15 years of experience can earn in the range of S$12,000-25,000 in 2016, per the report’s salary index.
HR managers (including those with regional roles) with up to 10 years of experience can expect to take home between S$6000-12,500, while HR executives with 3-5 years of experience may earn in the range of S$3,000-4,000.
Regional functional roles are expected to grab a large slice of the salary pie, with regional compensation and benefits directors expected to earn S$14,000-20,000.
Additionally, regional directors in recruitment, compensation and benefits, and organisational development also all expected to earn a maximum of S$18,000.
Salary snapshot of HR roles across Singapore, Hong Kong, China and Macau:
HR salaries in Hong Kong
Over at Hong Kong, recruitment managers and HR business partners are in demand, with many organisations opting to build in-house own talent acquisition and campus teams.
Candidates with regional or China exposure possessing English and Chinese (Mandarin) language skills are particularly valued, as companies are expanding to the PRC.
Overall, HR salaries are anticipated to increase between 3% and 6%, where candidates from the banking and finance sectors are still receiving 15-20% higher salaries than similar roles within commercial companies.
In terms of year-end bonus, the range is around 1.5 to 2.5 months of base pay, depending on individual and company performance.
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