robert walters 2018薪資調查英文版

FOROVER32YEARS,BUSINESSESACROSSTHEGLOBEHAVERELIEDONUSTOFINDTHEVERYBESTSPECIALISTPROFESSIONALSANDWEARETRUSTEDTOHELPBUILDTHECAREERSOFTHEWORLD’SLEADINGEXECUTIVES,JOBMOVEAFTERJOBMOVE.

WELCOMETOROBERTWALTERS

SPECIALISTPROFESSIONALRECRUITMENT

MARKETLEADINGGLOBALBRAND

Ourstorybeginsin1985whentheGroupopeneditsfirstofficeincentralLondon.Sincethenwehavedevelopedintoaglobalspecialistprofessionalrecruitmentgroup,operatinginadiverserangeofmarketsworldwide.

Forover32years,businessesacrosstheglobehavereliedonustofindtheverybestspecialistprofessionals,talentedexecutiveshavetrustedustohelpbuildtheircareers,andcompanieshaveoutsourcedtheirrecruitmentprocessestous.It’sasuccessstorywe’reproudofandonethat’sbuiltonthestrengthandpassionofourpeople.

Asthebusinesscontinuestoexpand,weoperatewiththesamecommitmenttoserviceandquality.Everycandidateistreatedasanindividualwithafocusonadvisingandconsulting.Itmeanswecontinuallyhavethebestcandidatesonthemarkettoofferyou.

AttheheartoftheGroup’scultureandbusinessisourteam-basedprofitsharemodelwhichmeansthatunlikethemajorityofourcompetitionwedonotpayindividualcommission.Thisensurestheneedsofourclientsandcandidatesalwayscomefirst.

ROBERTWALTERS,

CHIEFEXECUTIVEOFFICER

Althoughourreachisglobalweremaincommittedtohiringlocaltalentsoourpeoplehaveadeepunderstandingofthelocalmarketandculture.It’swhatmakesusuniqueandhelpsusremainatrustedrecruitmentpartneroftheworld’sleadingfirms.

RobertWalters,

CEO,

RobertWaltersPlc

69%OFOURBUSINESS

ISFOCUSEDON

PERMANENTRECRUITMENT,31%ONCONTRACT

GLOBALREACH,LOCALEXPERTISE

Countriesweoperatein

28

AUSTRALIABELGIUMBRAZILCANADACHINAFRANCEGERMANYHONGKONGINDIA

INDONESIA

IRELANDJAPANKOREA

LUXEMBOURGMALAYSIANEWZEALANDPHILIPPINESPORTUGALSINGAPORESOUTHAFRICA

SPAINSWITZERLANDTAIWANTHAILANDNETHERLANDSUAE

UKUSA

VIETNAM

WERECRUITACROSS28COUNTRIESGLOBALLY

DOWNLOADOURSALARYSURVEYBOOKS

Todiscoverhiringandsalarytrendsacrosstheworld,readourGlobalTrendsonpage8ordownloadourbookscovering:

Australia&NewZealandBrazil

CanadaEurope

GreaterChina&SouthEastAsia

Downloadyourcopytodaybyvisiting

/salary-survey

JapanKorea

MiddleEast&Africa

USAsalarydataisavailableinourapp

DownloadourappfromiTunes&GooglePlay

SearchforRobertWaltersSalaryChecker

OURSERVICE

Ourbusinessisbuiltonthequalityofourpeople.Themajorityofourrecruitershavedirectindustryexperiencesotheytrulyunderstandthedisciplinestheyarerecruitingforandthechallengesfacinghiringmanagers.

WHATMAKESUSDIFFERENT

Bespoke,consultativeservice

1.Commitmenttoquality

Wefocusonbuildinglong-term,high-qualityrelationshipswithclientsandcandidates.Weconsultandadvise,helpingourcandidatesmaketherightcareermove.Thisbuildstrustandloyaltyandensureswecontinuallyhavetheindustry’stoptalentforourclients.

OURCOREDISCIPLINESINCLUDE:

Accounting&FinanceBanking&FinancialServicesEngineering

HumanResourcesInformationTechnologyLegal

MarketingSales

SupplyChain&Procurement

2.Specialists

Wehirefromindustrytoensureourconsultantsarespecialistsinthedisciplinestheyrecruitfor.Theyalsobringwiththemstrongpersonalrelationshipsandindustrynetworks,enablingthemtofindhardtoreachtalentwithnicheskillsets.

3.Noindividualcommission

Weoperateateam-basedprofitsharesystemwhich,webelieve,setsusapartfromthevastmajorityofour

competitorsasitensurestheinterestsofboththeclientandcandidateremainournumberonepriority.Thereisalsonoownershipofcandidates,ensuringclientsalwaysseethebesttalentwehaveavailable.

5.Innovation

WewerethefirstrecruitertolauncharecruitmentprocessoutsourcingbusinessandwecontinuetoleadthewaywithindustryfirstsponsorshipsandbranddevelopmentsuchasoursponsorshipoftheBritishandIrishLions.

Long-termoutlook

Ourstrategyisoneoforganicgrowththroughinternationalexpansionanddisciplinediversification.Weinvestinmarketsforthelong-termandmaintainourpresence,evenintoughtimes.

Tailoredsolutions

Weprovideabespoke,consultativeservicetoourclients,fromthelargestcorporates,throughtoSMEsand

start-ups.Thiscanincludetailoredpremiumadvertisingpackages,enablingclientstoaccessdifficulttoreachtalent.

4.Ourpeopleandculture

Wepromotelong-term,internationalcareers,helpingustoretainourtoppeople,whichprovidescontinuityforourclients.We’reproudtosayourseniormanagementteamishome-grownwithanaveragetenureof13years.

RobertWaltershasplacedanumberoffinanceprofessionalswithus,developingagoodunderstandingofourbusinessneeds,cultureandtalentprofile.

SueMir,EMEABusinessAnalysisDirector,Kimberly-Clark,UK

RobertWaltershasalwaysbeenourpreferredrecruitmentconsultancy.Theirregionalpresenceandin-depthindustryknowledgeenablesus

tosuccessfullyhirehighqualitycandidatesacrossmultiplelocations.

HagenOng,APJHeadofTalentAcquisition&TalentManagement,Schaeffler(Singapore)PteLtd,Singapore

I’vebeenimpressedwiththeservicereceivedbyRobertWalters.Theylistenedtoourneedsandmanagedtobalanceaccommodatingwhatwewantedwiththeirobviousexperienceintherecruitmentprocess.

MattEarle,RegionalDirectorASEAN,First4Farming,Australia

INTRODUCTION

GlobalTrends 10

RegionalTrends 12

REGIONALOVERVIEWS

Australia&NewZealand 14

Europe 16

GreaterChina 18

SouthEastAsia 20

UK 22

USA 24

MiddleEast 26

Africa 27

CANADA

COUNTRYOVERVIEW 30

Commerce&Industry 34

FinancialServices 35

CONTENTS

DOWNLOADOURSALARYSURVEYS

DOWNLOADOURSALARYSURVEYBOOKS

Drawingonourlocalknowledgeandexpertiseacrosssixcontinentswe’veproducedaseriesofbookscovering:

Australia&NewZealandBrazil

CanadaEurope

GreaterChina&SouthEastAsia

JapanKorea

MiddleEast&Africa

USAdataisavailableinourapp

Downloadyourcopytodaybyvisiting

/salary-survey

DownloadourappfromiTunes&GooglePlay

SearchforRobertWaltersSalaryChecker

WELCOMETOTHE19THEDITIONOFTHESALARYSURVEY,PROVIDINGCREDIBLEINSIGHTINTOHIRINGANDSALARYTRENDSWORLDWIDE.

ABOUTTHESALARYSURVEY

WelcometothenineteentheditionoftheRobertWaltersannualSalarySurvey.

Asthefirstrecruitmentcompanytoproduceacomprehensiveoverviewofglobalsalariesandrecruitmenttrendsacrosstheworld,wearepleasedtosharethelatesteditionwithyou.

OurSalarySurveyisbasedontheanalysisofpermanent,interimandcontractplacementsmadeacrosseachofourgeographiesandrecruitmentdisciplinesduring2017,andourpredictionsfortheyearahead.

GETINTOUCH

Ifyouwouldliketofindoutmoreabout

salariesandrecruitmenttrendsin

yourindustry,calloneofourspecialistconsultantstoday.Contactdetailscanbefoundatthebackofthisbook.

marketderegulationspurredjobgrowthascompanieswerefreeduptohiredifferenttypesofinterimandcontractroles,whilstthepermanentmarketalsorecovered.

localtalent.Returningnationalswithinternationalbusinessexperiencewerethereforehighlysoughtafter.

ThejobmarketinSouthEastAsiaremainedactive,duelargelytonewcompaniesenteringthemarketandtheexpansionofexistingbusinesses,despitevariableeconomicconditions.

BelgianbusinessesenteredaperiodofexpansionandtherewasjobgrowthacrossFrance.TheSpanisheconomywasbuoyantandunemploymentfellinPortugalasopportunitiesaroseintheIT,manufacturingandengineeringsectorsacrossbothcountries.TheNetherlandsandGermanybothsawstronghiringlevels,especiallyinthefinancialservicessector.

VietnamandthePhilippinesfacedongoingtalentshortageswithmanycompaniesreachingouttooverseasnationalstoattractthembackhomewithlucrativeopportunities.MeanwhileinIndonesiabusinessescompetedtohirehigh-potential,localbilingualcandidates.

GILESDAUBENEY,DEPUTYCHIEFEXECUTIVEOFFICER

INTRODUCTION

Whileeconomicconditionsvariedin2017,mostmarketsexperiencedatleastmodestgrowth,whichboostedhiringandledtocandidateshortagesincertainsectors.

IntheUK,despiteuncertaintysurroundingBrexitandtheGeneralElection,manysectorshiredextensively–althoughtherewasashifttowardscontractrolesasbusinessessoughttobuildagileworkforcesabletoquicklyadapttochangingeconomicconditions.

Japanalsocontinuedtofacetalentshortagesasthegovernmentannouncedarecordhighinthejobopeningto

IntheMiddleEast,thetotalnumberofjobsdeclinedbutdemandremainedforhighlyskilledprofessionals.BothAfricaandtheMiddleEastsawafocusonnationalisationprogrammesasgovernmentspromotedhiring

ThemostsignificantchangewasinEurope,asthecontinent’seconomyandjobmarketbegantogrowagainfollowing10yearsofstagnation.Strongbusinessconfidenceandtheonsetofemployment

10RobertWaltersSalarySurvey2018

Ascandidateshortagesgrowacrosstheworldweadvisecompaniestobeflexibleandopentohiringprofessionalswithtransferableskills.

GLOBALTRENDS

applicantsratio,leadingtostrongcompetitionforspecialistsacrossmanysectors.Inparticular,professionalswithartificialintelligence(AI)andInternetofThingsskillsandexperiencewerehighlysoughtafter.

wereactiverecruitersin,forexample,London,SanFranciscoandDublin,oftencompetingagainstlarger,moretraditionalcompaniesbyofferingcandidatesequitystakesinthebusiness.

Forthosefacingcandidateshortagesouradviceistobeflexibleandconsiderhiringprofessionalswithtransferableskills,eveniftheyarenotanexactfitforthejobdescription.It’salsovitalforcompaniestostreamlinetheirrecruitmentprocesses,makingthemefficientandtimelytoavoidlosingtoptalenttocompetitors.Employersshouldalsobeawarethatsalaryalonewillnotattracthigh-calibrecandidatesastheyareincreasinglymotivatedbywork-lifebalance,companyculture,structuredcareerprogressionandflexibleworking.

Banksandfinancialservicesfirmscontinuedtobearthebruntofheavierregulation.Thisresultedinstrongdemandforregulatoryandcomplianceskillsetsalongwithrisk,auditandlegal.In2018weexpecttoseesustaineddemandforregulatoryandcomplianceprofessionals,alongwithsalaryincreasesforthesesought-afterprofessionals.

Despitesomeglobaleconomicuncertainty,Chinacontinueditsgrowthmomentumbolsteringconfidenceandhiringactivity.

Digital,IT,fintechande-commerceskillsetswillcontinuetobeindemandduetothenational‘InternetPlus’strategyandcompanies’digitaltransformationprojects.Wealsoexpecttosee12-18%payrisesfortechnologyprofessionalsinChinain2018.

AustraliaandNewZealand’sjobmarketsweregenerallyhealthyandthislookssettocontinuein2018.Ofparticularnoteweretheboominginfrastructureandtechnologysectors,leadingtodemandforprojectmanagersandengineersaswellascybersecurityandAIspecialists.Althoughbothcountriesarerelativelyclosetofullemployment,weexpectsalarygrowthtobemarginalinNewZealandandflatinAustraliain2018.

KEYTRENDS

Asinpreviousyearsthetrendtowardsdigitalisationmeantthatprofessionalswithdigitalexpertisewereinhighdemandacrosstheglobe.

Cybersecurityandfintechwerenoticeablegrowthsectorsanddemandforbigdataspecialistscontinuedatpaceascompaniessoughttoimplementnewsystemstobenefitfromtheinsightsaffordedbybigdata.Techstart-ups

CYBERSECURITYANDFINTECHWERENOTICEABLEGROWTHSECTORSANDDEMANDFOR

BIGDATASPECIALISTSCONTINUEDATPACE.

Withourpresencespanning28countriesacrosssixcontinents,ourspecialistteamsofferin-depthknowledgeofthesectorstheyrecruitfor.Inthissectionourregionalmanagingdirectorssharetheirinsightsonhiringandsalarytrendsin2017andtheirpredictionsfortheyearahead.

Ourregionaloverviewsinclude:

●

●

●

●

●

●

●

●

Australia&NewZealand

EuropeGreaterChina

SouthEastAsiaUnitedKingdomUSA

MiddleEastAfrica

REGIONALTRENDS

THEGROUP’SINTERNATIONALNETWORKOFOFFICESSPANS28COUNTRIESANDSIXCONTINENTS,ENABLINGUSTOMEETTHEDEMANDSOFCLIENTSANDCANDIDATESWHOSENEEDSEXTENDBEYONDLOCALMARKETS

AUSTRALIA&NEWZEALAND

INTRODUCTION

“ThereisasenseofcautiousoptimismacrossmanyregionsandsectorsinAustraliaandNewZealand.Overall,thejobmarketisrobustandthislookssettocontinuein2018.

GROWTHINCONSTRUCTION

NumerousinfrastructureprojectsareplannedoralreadyunderwayinAustraliaandNewZealand,fuellingdemandandwagegrowthinmany

areasofthepublicsector.Constructionofnewroads,airportsandhospitalsin2018meansemployerswillcontinuetobeonthehuntforprojectmanagers,engineersandprojectfinanceexperts.

WhiletheoutlookfortheAustraliaandNewZealandjobmarketsremainshealthy,thisdoesn’ttellthewholestory.TherearepocketsoftheAustralianandNewZealandeconomiesthatareabsolutelybooming,howevertherearealsosomeareasthatareindecline.

14RobertWaltersSalarySurvey2018

OurpresenceinAustralia&NewZealand:

AdelaideAucklandBrisbaneChatswoodMelbourneParramattaPerthSydneyWellington

DRIVINGEFFICIENCIES

Thatsenseofcautionandvigilanceextendsbeyondfinancialservicesthough.Regardlessofsector,AustralianandNewZealandorganisations

areincreasinglyfocusingoncostefficienciesandleanerwaysofworking.ThenetresultisthatsalarygrowthisonlymarginalinNewZealandoverall,andflatinAustralia.

JOBSEEKERMOTIVATIONS

InAustraliaandNewZealand,theprimaryreasonsforprofessionalstobeginactivejobsearchesaresalaryincreasesandcareerprogression.Employerswhocanofferbothwillbemostlikelytoattractandretainstarperformersin2018.

TECHSKILLSINDEMAND

Specificareasoftechnologyarealsotakingoffrightnow.Theseincludecybersecurity,roboticprocessautomation,andartificialintelligence.Professionalswithexpertiseintheseareaswillbemuchsoughtafterin2018.Conversely,lower-leveltechrolessuchasmanualtestingandhelpdeskareindecline,astheyareincreasinglyoutsourcedtocheaperlabourmarketsoverseas.

Allinall,weexpecttheAustraliaandNewZealandjobmarketstoremaingenerallypositivein2018,withsomeregionssettoenjoymodestgrowth.Atatimeofglobaleconomicuncertainty,AustraliaandNewZealandappearstableandsecure.”

Meanwhile,bothcountriesarerelativelyclosetofullemployment,whichmeansthatfutureeconomicgrowthmayrelyuponimportingoffshoretalent.Freshfromthe2017election,NewZealand’sgovernmentwillcontinuetoactivelyencourageNewZealandprofessionalslivingoverseastorelocatehome.

Australia’sgovernmentistighteningitsgripon457skilledworkingvisas,

makingitharderforemployerstorecruitoutsideAustralia.Itremainstobeseenwhether,duringatimeofuncertaintyatfederalgovernmentlevelinAustralia,thatdecisioncanbereversedin2018.

JamesNicholson,ManagingDirector,Australia&NewZealand

BANKSSEEKCOMPLIANCEPROFESSIONALS

InthewakeofrecentscandalsinthebankingandfinancialservicessectorinAustralia,centeredonmisconductwithinthebanks,thepressureisonforfinancialinstitutionstobemoretransparentandreportontheirremediationprojects.Wethereforeexpectdemandtoremainhigh,andsalariestoincreaseforprofessionalswithabackgroundincompliance,regulationandriskmanagement.

15

TheAustraliaandNewZealandjobmarketsaresettoremainpositivein

2018.

EUROPE

INTRODUCTION

“After10yearsofstagnation,economicconditionsimprovedacrossEuropein2017.Asaresult,recruitmentlevelswerehighasstrongbusinessconfidencespurredcompaniestoincreaseheadcount.Theonsetofde-

regulationacrossmanyofEurope’smajoremploymentmarketsgeneratedfurtherjobgrowthasbusinessesbegantohavethefreedomtooffernewtypesofinterimandcontractrolestocandidates.

2017

InFrance,theIT,realestate,construction,engineering,healthcareandconsultingsectorswereallextremelyactiverecruiters.ThemultiplicationofnationalandEuropeanregulatoryrequirementsandtheincreaseinconsequentchecksledtoagreaternumberofcontrolandmonitoringjobs,followingonfromtherecentgrowthincompliancejobs.GreaterhiringactivitywasparticularlynotableoutsidetheParisregion,withjobgrowthacrossthewholeofFrance.

chiefaccountants,business/financialcontrollers,internalauditprofessionalsandtreasurers.

Continuedemploymentlawde-regulationwillcausecandidateshortagestoincreaseacrossEuropeasbusinessesracetocompeteforthebesttalent.

Thiswillalsoresultinanupwardtrendinsalariesforbothspecialistandgeneralistprofessionals.

InBelgium,businessesenteredaperiodofexpansion,followingaminorlullattheoutsetof2017.Nearshoringcontinuedtoshaperecruitmentactivities,with

agrowingnumberofrolesopeningupoutsideofurbancentres.Demandwashighforqualifiedaccountants,

Germanyenjoyedabuoyantyear,

withhiringlevelsupamongfinancialservicesemployers,wheremiddleofficeprofessionalssuchasspecialistsin

16RobertWaltersSalarySurvey2018

OurpresenceinEurope:

BelgiumFranceGermanyIrelandLuxembourgNetherlandsPortugalSpainSwitzerland

finance,audit,legalregulatory,complianceandriskwereinhighdemand,drivenbythepositiveeconomicsituationandthepotentialforsomefunctionswithinbanksrelocatingtoGermanyfollowingBrexit.

complianceexperienceasbusinessespreparedforupcomingregulatorychange.Acrossthewidermarket,candidateswithalocalmarketskillsetwhowerefluentinSwissGermanwerehighlysoughtafter.

2018

Europeisexpectedtoenjoyanotherstrongyear,withconfidenceremaininghighamongprofessionalsandemployersduetocontinuedde-regulationandeconomicgrowth.

IntheNetherlands,frontofficehiringinfinancialservicesmaybelimited,

thoughspecialistsindata,ITandinterimcompliancewillremainhighlysoughtafter.WhentheDBAActcomesintoforce,weexpecttoseeatemporaryslumpininterimhiringasemployersassessthefullimpactoftheAct.

RecruitmentactivityinIrelandwashigh,withfinancialservicesfirmscreatingopportunitiesforcomplianceandregulatoryprofessionals,andagrowingtechstart-upcommunitydrivingdemandforITspecialists.Withhighlevelsofcandidatemovement,counter-offersbecameapopularstrategytoretainstaff,thoughmanyprofessionalswereinfluencedbycompanycultureandbrandratherthansalaryalone.

InGermany,skillsshortageswillremainacuteastheeconomicsituationremainspositiveandemployerscontinuetolooktoexpand.ProfessionalswhocansupportdigitalisationprojectsandexpertswithgoodITskillswillbeinparticularlyshortsupply.

InFrance,demandwillbehighestforseniorlevelprofessionalswhocanhelpbusinessesoverhaultheiroperatingmodelandembracedigitalisationtoexpand.Employersmaystruggletoretaintalentiftheydonotreviewandembracenewworkingmodels,withmanyprofessionalslookingforbusinesseswhichofferflexibleworkingoptions.

DemandwillremainhighinSpainforfinance,control,HRandITprofessionals,whocandemonstratecommercialacumenaswellastechnicalskill.

Theimprovingeconomywillleadmanybusinessestolooktoexpandinternationally,creatingstrongdemandforprofessionalswithforeignlanguageskillsandinternationalexperience.”

IntheNetherlandsrecruitmentlevelswerebuoyant,despitesluggishinterimhiringearlyintheyearasemployerspreparedfortheintroductionoftheDBAActestablishingnewrulesforhiringcontractors.Midtoseniorfinanceprofessionalsbecamemoremobile,lookingforrolesthatcouldoffersignificantcareerprogression,whileinterimcompliancespecialistsweresoughttooverseeprojectsrelatingtoregulatorychange.

Similarly,inBelgium,salesprofessionalswhocanhelpbusinessesexpandwillbehighlysoughtafter,withforeignlanguageskillsinhighdemand.ActivityinBelgiumwillbeinfluencedbythewiderEuropeanrecoveryandsalariesareexpectedtogrowaheadofinflation.

AntoineMorgaut,

CEO,

Europe&SouthAmerica

TheSpanisheconomywasbuoyant,influencedbygrowingtourismrevenuesdrivingrecruitmentactivity.Digitalisationprojectsinmanybusinessesalsohelpedstimulatehiringforarange

ofprofessionals.Theconstruction,automotiveandmanufacturingsectorswerealsoactive,helpingtocreatehighdemandforengineersdespitetheslumpintheoilindustry.

InSwitzerland,demandcontinuedforprofessionalswithregulatoryand

17

GREATERCHINA

CHINA

AmajordrivebyChinesecompaniestointernationalisetheirbusinessesledtoheightenedcompetitionamonghiringmanagersforbilingualprofessionalsandthosewithexperienceworkingininternationalcompanies.

“Despitegeneralglobaleconomicuncertainty,theworldeconomy’seastwardshiftcontinues.TheGreaterChinaregionhasmaintaineditsgrowthmomentum,ledbythesustainedperformanceofChina,nowtheworld’ssecond-largesteconomy.

DEMANDFORTECHNOLOGYTALENT

China,HongKongandTaiwanallexperiencedanincreaseindemandfordigitalinnovationandtechnologyexpertise.Automation,cloudtechnology,e-commerce,bigdataandcybersecurityweresomeofthekeygrowthareas,withmanycompaniesintheregionundertakingdigitaltransformationprojectsfortheirfuturedevelopment.

TheChinesegovernmentalsorolledoutaseriesofinitiativesandpolicies,suchas‘InternetPlus’and‘MadeinChina2025’strategiesdesignedtosustainbusinessconfidenceandsupportvariousindustries,includingtechnologyandmanufacturing.

wesawmoreresearchanddevelopmentcentresbeingestablished,internationalservicefirmsenteringthemarketandaffordableluxurybrandsexpandingintosecond-tiercities,resultinginanincreaseinoverallrecruitmentactivity.

Inaddition,withthecontinuingshifttowardsaservice-led,consumption-basedandinnovation-driveneconomy,

18RobertWaltersSalarySurvey2018

OurpresenceinGreaterChina:

BeijingShanghaiSuzhouSouthernChinaHongKongTaiwan

HONGKONG

HongKongbegan2017withmoreconservativehiringlevels,

predominantlyfocusedonreplacement-basedrecruitment.Therewerestillkeypocketsofspecialistprofessionalhiring,forbothpermanentandcontractpositions.GivenitsdeepeningeconomicintegrationwithChina,HongKongiswell-positionedtocapitaliseonthenation’srapideconomicrise.Alongsideitsfinancialservicesprowess,HongKonghasadeeppoolofworld-classprofessionalsinaccounting,technology,legal,management,communications,logisticsandmanyothersectors.

HIRINGADVICE

Toattractthebesttalent,weadvisecompaniestobeflexibleandnottofocusonlyondirectfinancialbenefitssuchassalariesandbonuses.

experiencedpressureonmargingenerationbecauseofaslowdownintourism.

Investmentinthetechnologysectorcontinuestoevolve,supportedbythe‘AsianSiliconValley’plan.Wearealsoseeinganincreaseinprofessionalswithregionalexperienceandmultilingualskillstosupportbusinessrestructuring,inparticularinthesupplychainandlogisticsindustry.Ingeneral,Taiwanisstillverymuchacandidatedrivenmarket,andwehavenoticedaflowoftalentbetweenChinaandTaiwan.

Companiesarerecommendedtoconsiderthenon-monetaryrewardsandintangiblebenefitstheycanoffer,suchascareer

developmentopportunities,trainingschemes,employee-friendlyworkingenvironmentsandgoodcorporatecultures.Thesecanplayanimportantroleinlong-termstaffengagementandretention.”

MatthewBennett,ManagingDirector,GreaterChina

Thecityshowedanunexpectedlystronggrowthratethrough2017,anditcontinuestobethefund-raisinghubforthe‘Belt&Road’initiative.ThisisadevelopmentstrategyproposedbytheChinesegovernmentwhichfocusesonconnectivityandcooperationbetweenEurasiancountriesandonunderliningChina’spushtotakealargerroleinglobalaffairs.

Withthisinmindweexpectdemandin2018forhigh-calibreprofessionalstosupportthedevelopmentofcommercialservices,infrastructure,operationsandmanagement.

TAIWAN

EconomicconditionsimprovedinTaiwanwithanincreaseinglobalexportdemand.Thecrucialsemiconductorandengineeringsectorsremainedstrong,whereasretailandFMCG

19

Withongoingdigitalisationofbusinessescreatingwidespreaddemand,theGreaterChinarecruitmentmarketwillremaincompetitiveandweexpecttoseehealthydemandfortop-tierprofessionalsandspecialists.

SOUTHEASTASIA

INTRODUCTION

“DespitevariableeconomicconditionsacrossSouthEastAsiain2017,thejobmarketremainedactive.Thiswaslargelyduetotheregion’sdominanceinattractingnewmarketentrantsandsupportingtheexpansionofexistingbusinesses.

services.Companiesoperatinginthesegrowingsectorswereactiveinseekingqualitycandidates.

Likewise,aninfluxofmultinationalfirmsandcontinuedgrowthoflocalandfast-emergingbusinessesresultedinstrongdemandforhigh-potentialtalentinthePhilippines.Businessesestablishingthemselvesinthecountrywerekeentogaingreatermarketshare,resultinginbackofficetalentinHRandfinancebeinginhighdemand.

TheeaseofdoingbusinessinMalaysia,forexample,increasinglyledtothegrowthofthesharedservicessector,producinghigherdemandforfinanceandaccountingtalent.Similarly,againstabackdropofstableeconomicandpoliticalgrowthinIndonesia,therewasstronggrowthacrossmostsectorsin2017.Bankingandfinancialservices,insurance,manufacturingandFMCGinparticularperformedwell,andthefastestexpansionwasseeninprofessional

offertop-tiertalentsubstantialsalaryincreases.Additionally,thegrowinghealthcaresectorsawariseindemandfortechnicalhealthcareprofessionals.

AsimilartrendwasobservedinThailand.Asamorestableeconomydeveloped,multipleforeigninvestmentsledto

thegrowthofthesupplychainandengineeringsectorsinparticular.Thee-commerce,chemicalandbuildingmaterialsindustrieswereableto

2017alsosawtheexpansionofVietnam’sindustrialsector,withahighernumberofmultinationalcorporat