SALARY SURVEY 2013 - Robert Walters Singapore

LONDONHUMANRESOURCES-FINANCIALSERVICESLONDONHUMANRESOURCESFINANCIALSERVICESOurHRfinancialservicesdivisionspecialisesinrecruitingHRprofessionalsonatemporary,contractandpermanentbasis.WerecruitatalllevelsacrossarangeofHRdisciplines,includingreward,generalist,change,employeerelations,recruitmentandlearninganddevelopmentroles.MarketOverviewContractandinterimHRjoblevelsremainedconsistentthroughout2012anddespitethebankingandfinancialservicesmarketremainingchallenging,permanentvacancylevelsincreasedslightly.Manyofthelargerfirmsrefocusedtheirinvestmentchannels,whichin2013meantconcentratingontheirretailandcorporatebankingarms.ThiswasreflectedinthenumberofHRhiresthathaveoccurredintheseareas.However,strongHRcandidatesweregravitatingtotheinvestmentmanagementspaceduetothecompetitivesalariesonoffer.OveralljoblevelsremainedconsistentwithintheinsurancesectorduetoM&Aactivityinthisarea,whichcreateddemandforprofessionalswithHRharmonisationandchangemanagementexperience.Wide-spreadrestructuringprogrammescontinuedtocreatedemandforHRbusinessanalysts,HRprojectmanagersandHRchangemanagementprofessionalsonaninterimbasis.WealsosawanongoingneedforHRgeneralistsonacontractbasis,oftenformaternityleavecovers.MostHRprofessionalswerecautiouswhenconsideringmovingjobs.Withsalarieslargelyremainingflatduetoacontinuedfocusoncost,candidateswereevenlessinclinedtoseeknewopportunities.Rewardwasanexceptiontothistrend,withdemandinthisarealeadingsalariesforcompensationandbenefitmanagerstorisetoatleast£75kin2013(comparedto£60kin2012).Outlookfor2013WhileweanticipateminimalgrowthinthefinancialservicesHRjobsmarketin2013,weexpectcontinueddemandfortalentedrewardprofessionalsasfirmsplacesignificantemphasisonthisareaoftheirbusiness.Similarly,transformationprojectsarelikelytocontinueasemployersconcentrateonmaximisingefficiencies,whichwillmeancontinueddemandforHRchangemanagers,HRprojectmanagersandHRbusinessanalysts.Wealsoexpectprofessionalsworkingforlargerfirmswhoareconsideringanewroletobeincreasinglyattractedtosmallerinstitutionsasthesebusinesseswillhavegreaterflexibilitytoofferlargercompensationpackagesastheyarelessregulated.LONDONHUMANRESOURCES-FINANCIALSERVICESROLEPERMANENTSALARYPERANNUM£UKCONTRACTRATEPERDAY(PAYE)£UK2012 2013 2012 2013HRDirector £100-200k £100-200k £500-850 £500-800HeadofCompensation&Benefits £100-160k £100-200k £500-950 £600-1200HeadofHR £75-125k £75-125k £450-700 £400-650HeadofTraining&Development £80-130k £75-125k £450-700 £400-700HeadofRecruitment £75-110k £75-110k £400-550 £400-600HRManager(10+yrs’exp) £70-110k £70-110k £300-450 £300-500Compensation&BenefitsManager £60-95k £75-100k £275-450 £300-500HRBusinessPartner £55-95k £55-95k £300-450 £275-500Training&DevelopmentManager £55-80k £50-75k £300-450 £250-400HRManager(5+yrs’exp) £50-75k £50-75k £225-375 £225-375RecruitmentManager £45-80k £45-80k £250-375 £250-400HROfficer/Advisor £30-45k £30-45k £140-200 £150-225Compensation&BenefitsOfficer/Advisor £30-45k £30-45k £140-200 £150-200RecruitmentOfficer/Advisor £26-38k £26-38k £125-200 £130-200HRAdministrator/Assistant £25-32k £25-35k £125-175 £130-160Training&DevelopmentOfficer/Advisor £25-34k £25-35k £120-180 £130-180NB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.19RobertWaltersGlobalSalarySurvey2013