SALARY SURVEY 2013 - Robert Walters Singapore

KUALALUMPURKUALALUMPURHUMANRESOURCESKUALALUMPURHUMANRESOURCESOurhumanresourcesdivisionspecialisesintheplacementofmidtosenior-levelHRprofessionalsintothefinancialservicesandcommercialsectors.WerecruitforgeneralistandspecialistHRpositions,includingchangemanagement,HRIS(HRinformationsystems),compensationandbenefits,employeerelations,HRbusinesspartners,HRprojects,in-houserecruitment,learninganddevelopmentandorganisationaldevelopment.Wespecialiseinrolesatalllevels,rangingfromadministratorsandofficersthroughtoHRdirectorandVPappointmentsacrossallmarketsectors.MarketOverviewBanksandfinancialinstitutionswerecautiousintheirhiringapproachthroughoutthefirstthreequartersoftheyear.Theserecruitmentlevelstightenedevenmoreinquarterfourasforeignbanksreceiveddirectionfromglobalheadquarterstoholdoffnewheadcount.Internationalbanksinparticularfocusedonbusiness-criticalhires,whichrequiredadditionallevelsofapproval.Withinthecommercesector,HRjoblevelsremainedfairlyhigh,mostnotablyforfirmswithintheFMCG,oilandgasandmanufacturingsectorsasmultinationalscontinuedtoentertheMalaysianmarketthroughouttheyear.NewentrantsintotheMalaysianmarkettypicallysoughtexperiencedHRprofessionalsfollowingthegovernment’sactiveencouragementofforeigninvestmentinitiativessuchasinvestmentininfrastructuredevelopmentbyexpandingtransportationlinkstoareasoutsideofthecentralbusinessdistrict.Thisfedthedemandforrecruitmentspecialists,sharedservicesprofessionalsandHRbusinesspartners,withstrategicHRmanagersparticularlysought-afterfortheirnicheskills.Jobsecuritycontinuedtobeakeyconcernforcandidatesandemployershadtooffercompetitivesalaryincrementsinordertoattractthebesttalent.Overallsalarylevelsroseformostrolesbyaround5-8%year-on-year,whileHRprofessionalsmovingjobsreceivingsalaryincreasesof20-25%whendoingso.Outlookfor2013Overallhiringsentimentislikelytobecautious,especiallywithinthefinancialservicessector.However,retailandFMCGfirmsarelikelytocontinuerecruitingastheseareasremainrelativelyresilienttoeconomicuncertainty.Sharedserviceswillremainakeyfocusformanyemployers,notonlywithinfinancialservicesbutalsoinconsumerindustriessuchashealthcareandpharmaceuticals.Therefore,weexpecttoseedemandinsimilarareasto2012,withcompensationsandbenefitsspecialists,learninganddevelopmentspecialists,HRgeneralists,businesspartnersandtalentacquisitionmanagersalllikelytobesought-afterascompanieslooktocontinuetofocusonattractingandretainingkeytalent.WhileHRprofessionalsarelikelytoremaincautiousaboutmovingroles,weexpectmosttobeopentonewcareeroptions.Learninganddevelopmentspecialists,compensationandbenefitsprofessionalsandHRbusinesspartnerscouldpotentiallyreceivesalaryrisesofup30%whenmovingpositionsduetosignificantdemandfortheseskillsets,comparedto20-25%acrosstherestoftheHRjobsmarket.HUMANRESOURCESROLEPERMANENTSALARYPERANNUMMYR5-10YRS'EXP10+YRS'EXP2012 2013 2012 2013HRDirector RM180-265k RM216-276k RM265-420k+ RM276-456kOrganisationDevelopment RM96-168k RM108-180k RM168-300k RM180-336kTalentManagement RM96-168k RM102-180k RM168-220k RM180-240kHRBusinessPartner RM90-144k RM96-168k RM144-210k RM168-216kCompensation&Benefits RM96-144k+ RM96-180k+ RM144-240k RM180-300kHRManager RM96-144k RM96-168k RM144-216k RM168-264kRecruitmentSpecialist RM60-120k RM84-144k RM120-144k RM144-180kTrainingSpecialist RM84-120k RM84-144k RM120-168k RM144-180kHRInformationSystems(HRIS) RM70-96k RM84-120k RM96-144k RM120-168kNB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.RobertWaltersGlobalSalarySurvey2013 338