Although Hong Kong is facing an uncertain global economic outlook, looks like the employment market under human resources, administrative and secretarial functions still remains relatively stable.
According to Links International’s 2016 Asia salary snapshot demand for recruitment managers and HR business partner candidates is on the rise as employers look to save costs by developing internal talent.
Links predicted overall HR salaries are anticipated to increase between 3% and 6%.
HR directors with more than 10 years of experience can expect monthly salary of HK$75.000 to HK$120,000.
Similarly, payroll managers with eight to 10 years of experience might be offered HK$35,000 to $50,000 this year, while regional training directors can expect to be paid HK$60,000 to HK$80,000.
The report added regional compensation & benefits managers/directors who have more than a decade of experience can make HK$70,000 to HK$120,000 in 2016.
Compensation and benefits professionals are also, in fact, in demand across all corporations, along with payroll, learning and development and mobility specialists.
“Experienced and high calibre professionals are in high demand. Many of the multi-national companies are focusing on creating an employer value proposition, which includes a positive culture, rewarding career opportunities and competitive remuneration packages to retain those high performers,” the report stated.
In terms of year-end bonus, the range is still around 1.5 to 2.5 months of base pay, depending on individual and company performance.
The snapshot also pointed out that candidates with regional or China exposure possessing English and Mandarin language skills are particularly valued, as companies expand to China.