Post on 16-Jan-2016
description
MARKET TRENDS & SALARYREPORT1H 2014 HONG KONG
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WELCOME
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CONTENTS
Introduction 4
Hong Kong Market Overview
Banking & Financial Services 6
Finance & Accounting 12
Sales & Marketing 14
Supply Chain & Procurement 18
Technology 20
Hong Kong Employee Survey Results 24
Hong Kong Employer Survey Results 27
About Ambition 28
Ambition – Market Trends & Salary Report 1H 2014 Hong Kong
Ambition – Market Trends & Salary Report 1H 2014 Hong Kong
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INTRODuCTION
The second half of 2013 was somewhat similar to the first half of the year. Hiring in the FMCG, luxury retail and some areas of manufacturing continued to be slow but other sectors like financial services, segments of retail and property/construction have continued to be active in recruitment. More stability in the global financial markets coupled with improved economic data from China is continuing to drive further confidence in companies expanding their operations in Hong Kong.
The Banking & Financial Services market is still split into two sectors. Investment Banks still remain cautious in the hiring of middle to back office roles and are focused on critical replacement roles only. Certain job functions like product control, settlements and corporate actions have seen a reduction in roles as these positions have been offshored as part of cost saving initiatives by the banks. Risk, compliance and other regulatory reporting roles continue to be in very high demand and this will continue as governments around the world focus on further regulations within the sector.
We are continuing to see Chinese banks further expand their operations in Hong Kong and have been very active at hiring both front and back office staff. Outside banking, other financial services companies like insurance, private equity, and hedge funds are continuing to steadily add new headcounts to their marketing, operations and finance functions. Senior candidates are becoming more willing to consider new opportunities as they may find that career progression and salary increments
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in their current firm have been limited over the last few years. In the later part of Q4 2013, there was limited candidate movement as they waited for annual bonuses to be paid out at Chinese New Year.
The Commerce & Industry sector has remained active across the areas that we specialise in. The general retail areas (especially beauty & skin care, fashion & apparel), construction and property have been very busy with recruitment. In Sales & Marketing, there has been a lot of demand for digital marketing, CRM and branding / marketing communication talent. In Finance & Accounting we continue to see an on-going need for financial analysts, assistant accounts and other junior finance positions.
In the second half of 2013 there was an increase in the recruitment of Internal Auditors and people with strong regional FP&A experience. For the Technology sector, there has been a strong demand in the areas of network, infrastructure, system analysts and data centres. We also expect to see more junior IT roles be outsourced to China as further centres of excellence continue to open.
We expect 2014 to see further growth and increase in recruitment if global economies continue to stabilise and economic data from the USA continues to demonstrate further economic growth. China also remains critical to growth in the region, so positive economic data during 2014 is also very important.
Finally, I would like to take this opportunity to thank you for your continual support and for completing our survey. If you need specific market or salary advice or assistance with recruitment within your business, please feel free to contact us.
Kind regards,
Mark EnticottManaging Director, Hong Kong
Ambition – Market Trends & Salary Report 1H 2014 Hong Kong
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BANKING & FINANCIAL SERVICES
Despite ongoing uncertainty around global economic conditions in the recent years, the Banking & Financial Services recruitment market in Hong Kong has done better than expected in 2013.
Throughout 2013, many companies continued to invest in the Asia Pacific region, with a number of companies (especially Chinese firms) such as asset management, private equity firms, and local Chinese banks entering or building their presence in Hong Kong. Banks, particularly investment banks, still had some minor redundancies taking place. Overall banks in general are still cost conscious and are more focused on replacement and strategic hires only.
Several major investment banks have reported profits from their Sales & Trading business in 2013 thus they are looking to increase front office headcount for early 2014. This may eventually result in an increase in hiring in some areas of the middle back office functions. Trading in exotics and structured derivatives investment products was quiet in the previous years but it picked up slightly again in 2013, with banks cautiously reconsidering to resume this side of the business.
The trend of hiring contractors continues, with a view to making them permanent once headcount is approved and strong performance is proven. Professionals have become more open to contracting opportunities given the economic climate but the trend is still for candidates to continue their job search for permanent positions whilst employed in a contracting role.
Roles in demand:
Compliance (Anti-Money Laundering) – Professionals in banking and financial services have felt the impact of tightening changes to the regulations. The last few years have seen an explosion in new AML compliance and disclosure requirements and banks have witnessed or experienced the severe consequences in terms of fines and penalties for failing to meet the requirements. In response, many of these companies have been building a stronger compliance team. The liquidity requirements from reform initiatives such as the Dodd-Frank Act and Basel III had a substantial impact on the business of banking. Professionals with an excellent track record in compliance and risk management –especially those in more senior roles – will find their expertise highly sought after.
Ambition – Market Trends & Salary Report 1H 2014 Hong Kong
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BAN
KIN
G &
FIN
AN
CIA
L SE
RVIC
ES
Client On-boarding (COB) / Know Your Client (KYC) – In line with the increasing regulations around compliance, COB / KYC plays a critical role in introducing new clients to the organisation and ensuring efficient and timely on-boarding documentation and full due diligence is done with respect to required procedures and regulations. Professionals with an extensive knowledge of client on-boarding (including KYC) are in great demand.
Internal Audit / Operational Risk – Board members and senior management are demanding greater visibility from their accounting and operational processes. Internal audit and operational risk are the whistle blowers within an organisation, identifying poor processes and potential problems / risks that might arise. That is why experienced talent in this space are highly valued by progressive companies.
Others – We have seen some new additions of senior tax roles in banks and financial services as specific product related tax regulations are also tightening. Within sales & marketing, an increase in business development and editorial / literature management roles is also noted as organisations look to grow their business as well as improving the quality of their promotional marketing materials.
Salary / Bonus Expectations
Most of the banking and financial institutions may announce and pay their salary rise and discretionary bonus around the Chinese New Year period (i.e. Feb/ Mar). The expectation on pay rise is similar to the inflationary rate and bonus is around one to four months for middle to back office functions depending on the seniority of the position and the performance of the organisation and the individual. However, for roles in great demand as mentioned earlier, we have seen larger salary increments (e.g. 20 to 35%) for people changing jobs and expect more lucrative bonuses (e.g. four to eight months) for organisations to retain experienced strong performers within the risk, compliance, and audit functions.
Ambition – Market Trends & Salary Report 1H 2014 Hong Kong
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Ambition – Market Trends & Salary Report 1H 2014 Hong Kong
Banking & Financial Services Investment Banking
Job Title Annual salary range (HK$)Internal Audit
Managing Director 2M+
Director 1.6M - 2M
Vice President 900K - 1.5M
Assistant Vice President 600K - 900K
Associate 360K - 600K
Analyst 240K - 420K
CFO
Regional Chief Financial Officer 2M+
Country Chief Financial Officer 1.6M+
Compliance
Managing Director 2M+
Director 1.6M - 2M
Vice President 900K - 1.5M
Assistant Vice President 720K - 1M
Associate 360K - 660K
Analyst 240K - 420K
Management Reporting / FP & A
Managing Director 2M+
Director 1.4M - 1.8M
Vice President 840K - 1.4M
Assistant Vice President 600K - 780KAssociate 300K - 540KAnalyst 180K - 300K
Product Control
Managing Director 2M+
Director 1.5M - 1.8M
Vice President 900K - 1.5M
Assistant Vice President 600K - 900K
Associate 420K - 540K
Analyst 240K - 420K
Regulatory Reporting / Financial Accounting
Managing Director 2M+
Director 1.4M - 1.8M
Vice President 840K - 1.4M
Assistant Vice President 540K - 780K
Associate 240K - 480K
Analyst 150K - 240K
Tax
Managing Director 2M+
Director 1.5M - 1.8M+
Vice President 960K - 1.5M
Assistant Vice President 540K - 900K
Associate 400K - 540KAnalyst 220K - 360K
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Job Title Annual salary range (HK$)Operations (Settlements / Corporate Actions / Treasury)
Managing Director 1.8M+
Director 1.2M - 1.8MVice President 624K - 1.2MAssistant Vice President 480K - 720K
Associate 360K - 500K
Analyst 240K - 390K
Middle Office (Trade Support / Sales Support / Client Services)
Managing Director 1.8M+
Director 1.4M - 1.8M
Vice President 840K - 1.4M
Assistant Vice President 540K - 900K
Associate 420K - 576K
Analyst 264K - 456K
Project Management
Managing Director 2M+
Director 1.4M - 1.8M
Vice President 960K - 1.5M
Assistant Vice President 720K - 960K
Associate 420K - 650K
Analyst 250K - 450K
Credit Risk
Managing Director 1.8M+
Director 1.3M - 1.6M
Vice President 840K - 1.4M
Assistant Vice President 600K - 800K
Associate 360K - 600K
Analyst 240K - 360K
Market Risk
Managing Director 2M+
Director 1.5M - 1.8M
Vice President 960K - 1.5M
Assistant Vice President 600K - 900K
Associate 480K - 660K
Analyst 300K - 500K
Operational Risk / Internal Control
Managing Director 2M+
Director 1.4M - 1.8M
Vice President 900K - 1.5M
Assistant Vice President 600K - 900K
Associate 360K - 600K
Analyst 240K - 420K
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Banking & Financial Services Investment Banking
Ambition – Market Trends & Salary Report 1H 2014 Hong Kong
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Banking & Financial Services Private Banking, Asset / Fund Management & other Financial Services
Job Title Annual salary range (HK$)Operations
Director 1.1M+
Senior Manager 720K - 1M
Manager 540K - 720K
Assistant Manager 360K - 540K
Officer / Senior Officer 144K - 360K
Regulatory Reporting / Financial Accounting
Director 1.2M+
Senior Manager 720K -1M
Manager 540K - 720K
Assistant Manager 360K - 540K
Officer / Senior Officer 180K - 360K
Management Reporting / FP & A
Director 1.2M+
Senior Manager 720K - 1M
Manager 540K - 720K
Assistant Manager 360K - 540K
Officer / Senior Officer 180K - 360K
Internal Audit / Risk
Director 1.3M+Senior Manager 780K - 1.2M
Manager 540K - 780KAssistant Manager 360K - 540KOfficer / Senior Officer 240k - 380k
Compliance
Director 1.3M+
Senior Manager 780K - 1.2M
Manager 540K - 780K
Assistant Manager 360K - 540K
Officer / Senior Officer 240k - 380k
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Banking & Financial Services Insurance
Job Title Annual salary range (HK$)Operations
Director 1M+
Senior Manager 660K - 1M
Manager 480K - 660K
Assistant Manager 300K - 450K
Officer / Senior Officer 120K - 330K
Regulatory Reporting / Financial Accounting
Director 1.2M+
Senior Manager 660K - 1.1M
Manager 480K - 660K
Assistant Manager 350K - 460K
Officer / Senior Officer 150K - 350K
Management Reporting / FP & A
Director 1.2M+
Senior Manager 720K - 1.1M
Manager 540K - 720K
Assistant Manager 300K - 480K
Officer / Senior Officer 150K - 350K
Tax
Director 1.3M+Senior Manager 720K - 1.2M
Manager 540K - 720KAssistant Manager 360K - 480KOfficer / Senior Officer 200K - 360K
Internal Audit / Risk
Director 1.3M+
Senior Manager 780K - 1.2M
Manager 480K - 780K
Assistant Manager 360K - 540K
Officer / Senior Officer 240k - 360k
Compliance
Director 1.3M+
Senior Manager 780K - 1.2M
Manager 480K - 780K
Assistant Manager 360K - 540K
Officer / Senior Officer 240k - 360k
Ambition – Market Trends & Salary Report 1H 2014 Hong Kong
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FINANCE & ACCOuNTING2013 has seen most companies holding back their expansion plans, with majority of positions limited to replacement roles. The driving force behind the Finance & Accounting recruitment mainly came from the Consumer Goods, Media, Property & Construction and Logistics sectors. Whilst a large number of multinationals have moved their back office finance functions to Shared Service Centres in the other Asia countries, Hong Kong remains a regional hub for positions such as Financial Planning & Analysis, Reporting, Internal Audit, Tax and Treasury.
2013 has also seen an increase in demand for Internal Audit roles, majority of them being newly created headcounts across a number of industries: Property & Construction, IT&T and Media to name a few. Companies also looked for in house Corporate Finance professionals as they anticipate a strong pipeline of projects in the later part of 2013 and 2014.
Overall the employment market has remained steady throughout 2013 - slow somewhat in the third quarter but picking up again at the start of last quarter. This was because companies foresee staff turnover towards Chinese New Year and they want to get a head start on their search for talent. Continuous growth of China, with current GDP of c 7.8% to a forecast of 8.2% in 2014; increased M&A activities towards the latter part of 2013; expected economic upturn in the US and Europe, the current outlook for 2014 is so far a positive one.
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Finance & Accounting ProfessionalsCommerce & Industry
Job Title Experience Annual salary range (HK$)Audit / Internal Control
Head of Audit 12 - 15 1.2M+
Senior Audit Manager 8 - 10 760K - 1.2M
Internal Audit Manager 5 - 8 520K - 760K
Internal Auditor 3 - 5 300K - 520K
Financial Accounting
CFO 15+ 1.5M - 3M +
Finance Director 12 - 15 1.2M - 1.8M
Regional Financial Controller 10 - 12 800K - 1.2M
Financial Controller 8 - 10 720K - 1M
Finance / Accounting Manager 6 - 10 420K - 720K
Financial Accountant 4 - 5 300K - 450K
Accounts Payable / Accounts Receivable Accountant Up to 8 years 180K - 300K
Management Accounting
Manager - Management Accounting 8 - 10 550K - 780K
Senior Management Accountant 6 - 8 400K - 580K
Management Accountant 3 - 5 240K - 420K
Planning & Analysis
Head of Planning & Analysis 10 - 12 900K - 1.4M
Financial Planning & Analysis Manager 8 - 10 600K - 900K
Senior Financial Analyst 6 - 8 420K - 600K
Financial Analyst 3 - 6 240K - 450K
Tax
Vice President / Head of Tax 12+ 900K - 1.6M
Tax Manager 8 - 10 540K - 900K
Tax Accountant 3 - 7 300K - 480K
Treasury
Head of Treasury 10 - 12 800K - 1.2M
Treasury Manager 8 540K - 800K
Treasury Accountant 4 - 8 360K - 540K
FIN
AN
CE
& A
CC
Ou
NTI
NG
Ambition – Market Trends & Salary Report 1H 2014 Hong Kong
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SALES & MARKETING
Recruitment across sales and marketing functions remain at a steady level throughout 2013. Not dissimilar to 2012, employers tend to be cautious and recruitment activities are generally geared towards replacing talent rather than business expansion.
Overall, sales and business development roles that generate revenue often carry more weight and are usually priorities when companies decide to hire. Under marketing and communications, we saw businesses increasing head counts in the areas of corporate communications and customer relationship management (CRM). 2013 also saw more businesses relocating certain roles and at times even entire departments to other cities. Singapore and Shanghai are amongst the top choices for hub relocation.
In terms of trends within specific industries and functions, 2013 was overall consistent with the previous year. Digital advertising and social media spend took up a more significant portion of every consumer brand’s marketing budget. Talent with experience in digital marketing will find it difficult to resist opportunities offered in the job market both in Hong Kong and China. On the retail front, the impact of mainland Chinese consumer spending is diminishing. Retailers are now refocusing their strategies with a heavier emphasis on offering quality customer service and loyalty programs to retain customer base and encourage repeated business. As a result, candidates with retail training and CRM experience are in great demand.
The construction industry continues to see a shortage of technical and commercial talent. Ongoing projects on the infrastructure side both locally and regionally are reasons for talent shortage across all levels. Government policies and natural demand, especially for residential developments, will further create job opportunities in the real estate sector. Despite an increasing domestic consumption market in China, growth is not seen on the manufacturing side due to poor demand from exporting regions such as Europe and the Americas. This has also led to a sluggish logistics sector especially on the service provider
side. Many 3PL (third party logistics) find themselves strategising to create more value-added services to customers in order to maintain margin and profit.
For early 2014 we expect similar trends from the market. Chinese New Year remains a critical period as candidates will kick start the job hunting cycle following post bonus or salary increment. Market confidence will also determine whether candidates stay in their current jobs or seek further career advancements. These two will be main factors that set the tone for the remainder of 2014.
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SALE
S &
MA
RKET
ING
Sales & Marketing ProfessionalsBanking & Financial Services
Job Title Experience Annual salary range (HK$)Marketing
Marketing Director 15+ 1.4m - 2m+
VP, Marketing 12+ 780K - 1.3m
AVP / Manager Marketing 6 - 10 540K - 720K
Associate / Assistant Marketing Manager 3 - 5 240K - 480K
Head of Corporate Communications / Affairs 15+ 1.3m - 1.8m+
VP, Corporate Communications / Affairs 12+ 720K - 1.2m
AVP / Manager Corporate Communications / Affairs 6 - 10 480K - 720K
Associate / Assistant Corporate Communications Manager 3 - 5 240K - 480K
Head of Events 15+ 1.1m - 1.5m+
VP Events 12+ 660K - 1mAVP / Manager Events 6 - 10 480K - 600KEvent Specialist 3 - 5 240K - 420K
VP Media Relations 6 - 10 720K - 1.3m
Head of Market Research / Business Intelligence 15+ 1.2m - 1.7m+
Market Research / Business Intelligence Manager 6 - 10 600K - 900K
Commerce & Industry
Job Title Experience Annual salary range (HK$)Broadcasting / Entertainment
Vice President / Marketing Director 15+ 1M - 1.5M
Associate Director 10+ 720K - 1M
Marketing Manager 5 - 10 420K - 720K
Vice President / Director, Distribution 12+ 1M - 1.5M
Associate Director, Distribution 10+ 720K - 1M
Distribution Manager 6 - 8 420K - 650K
Vice President / Director, Advertising Sales 12+ 800k - 1.2M
Associate Director, Sales 10+ 720K - 1M
Sales Manager 8+ 480K - 720K
Programming Manager 5 - 8 390K - 585K
FMCG
General Manager 15+ 1.2M+
Sales Director 12+ 700K - 1.2M
Sales Manager 8+ 500K - 720K
*Key Account Manager 6-8 390K - 520K
*Assistant Key Account Manager 3-5 260K - 360K
Marketing Director 15+ 960K - 1.5M
Marketing Manager 10+ 540K - 750K
Assistant Marketing Manager 6 - 8 455K - 520K
Senior Brand Manager 7 - 10 520K - 650K
Brand Manager 5 - 8 360K - 480K
Assistant Brand Manager 3 - 5 300K - 350K
Category Manager 5 - 8 300K - 420K
Assistant Category Manager 3 - 5 240K - 300K
Product Manager 5 - 8 360K - 480K
Assistant Product Manager 3 - 5 300K - 350K
Trade Marketing Manager 5 - 8 390K - 520K
Assistant Trade Marketing Manager 3 - 5 300K - 360K
* Inclusive of OTE (On Target Earning)
Ambition – Market Trends & Salary Report 1H 2014 Hong Kong
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Sales & Marketing ProfessionalsCommerce & Industry
Job Title Experience Annual salary range (HK$)IT / Telecommunications
Managing Director 15+ 2M+
*Head of Sales 15+ 1.5M+
*Sales/Business Development Director 10 - 15+ 960K - 1.5M
*Sales Manager 6 - 8+ 540K - 800K+
*Account Manager 3 - 5 340K - 450K
Head of Marketing 15+ 1.5M+
Marketing Director 10 - 15 1M - 1.5M
Marketing Manager 8+ 480K - 720K
Assistant Marketing Manager 6+ 350K - 420K
Channel Manager 4 - 6 300K - 450K
Product Manager 3 - 5 240K - 400K
Professional Services
Marketing Director 15+ 1M - 1.5M
Marketing Manager 6 - 8+ 600K - 840K
Corporate Communications Manager 5 - 8 480K - 720K
Business Development Director 15+ 1.2M - 2M
Business Development Manager 6 - 8+ 600K - 840K
Business Development/Marketing Executive 3 - 5 390K - 520K
PR Manager 6 - 8+ 420K - 720K
Media/Publishing
Chief Editor 12+ 1M - 1.5M
Editor 3 - 6 325K - 520K
Circulation Director 15+ 800k - 1.2M
Circulation Marketing Manager 6 - 8 420K - 600K
*Circulation Sales Manager 6 - 8 420K - 600K
*Advertising Sales Director 15+ 1M - 1.2M
*Advertising Sales Manager 6 - 8 360K - 420K
Client/Customer Service Manager 4 - 6 390K - 520K
*Account Manager 4 - 6 325K - 520K
Industrial & Manufacturing
General Manager 15+ 1.3M+
*Sales/Business Development Director 10 - 15 1M - 1.5M+
*Business Development Manager 8 - 10 650 - 800K
*Sales Manager 6 - 8 480K - 660K
*Sales Executive/Sales Engineer 3- 240K - 360K
Marketing/Communications Director 10 - 15 800K - 1.2M
Product Marketing Manager 8 - 10 650K - 750K
Product Marketing Engineer 3 - 5 240K - 360K
Marketing Manager 6 - 8 500K - 650K
Marketing Executive 3 - 5 250K - 420K
Project Manager 6 - 10 520K - 650K
Project Engineer 3 - 5 325K - 455K
PR Agency
Managing Director 20 1.8M+
Director / Group Account Director 15+ 1M - 1.5M
Account Director 6 - 8 480K - 600K
Account Manager 5+ 300K - 480K
* Inclusive of OTE (On Target Earning)
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Sales & Marketing ProfessionalsCommerce & Industry
Job Title Experience Annual salary range (HK$)Retail
Head of Marketing 15+ 1M - 1.5M
Marketing Manager 10+ 480K - 720K
Assistant Marketing Manager 5 - 8 300K - 420K
Senior Marketing Executive 3 - 5 216K - 300K
Marketing Executive 1 - 3 144K - 234K
Brand Manager 7 - 10 360K - 600K
PR Manager 5 - 8 360K - 540K
Assistant PR Manager 4 - 6 300K - 400K
Merchandising / Buying Manager 8+ 420K - 600K
Digital Marketing Director 10 - 15 1M - 1.5M
Digital Marketing Manager 6 - 10 420K - 680K
CRM Director 10 - 15 900K - 1.3M
CRM Manager 6+ 360K - 520K
Category Manager 5 - 8 320K - 480K
Assistant Category Manager 3 - 5 240K - 340K
Retail Operations Executive 3 - 5 216K - 300K
Area Manager 5+ 300K - 460K
Store Manager 8+ 420K - 580K
Store Supervisor 5+ 280K - 420K
Sales Associate 1+ 180K - 320K
Advertising Agency
Group Managing Director 20+ 2M+
Managing Director 15+ 1.2M - 1.5M
Business Director 12+ 960K - 1.2M
Client Services Director 12+ 960K - 1.2M
Strategic Planning Director 12+ 1M - 1.2M
Group Account Director 10+ 650K - 800K
Account Director 6 - 8 480K - 600K
Account Manager 5+ 300K - 480K
Online
Sales Director 15+ 1M - 1.2M
Sales Manager 8+ 600K - 840K
Marketing Manager 5 - 8 360K - 480K
Marketing Executive 3 - 5 200K - 325K
Property & Real Estate
Head of Leasing 15+ 1.5M+
Senior Leasing Manager 12 - 15 1M - 1.2M
Leasing Manager 8 - 10 630K - 840K
Assistant Leasing Manager 6 - 8 410K - 600K
Senior Leasing Officer 3 - 5 310K - 372K
Head of Marketing/Communications 15+ 1.2M+
Marketing/Communications Director 12 - 15 910K - 1.1M
Senior Marketing/Communications Manager 10 - 12 630K - 910K
Marketing/Communications Manager 8 - 10 480K - 600K
Assistant Marketing/Communications Manager 6 - 8 380K - 420K
Senior Marketing/Communications Officer 3 - 5 280K - 320K
* Inclusive of OTE (On Target Earning)
Ambition – Market Trends & Salary Report 1H 2014 Hong Kong
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SuPPLY CHAIN & PROCuREMENT
Over the last few months, recruitment activities across Supply Chain and Procurement functions remained steady. Cost optimisation continues to be the priority for many businesses. Companies see increasing benefit to relocate certain functions, especially at the operational level to more cost-effective countries across Southeast Asia. These functions include shipping, procurement, order processing and warehousing operations. With increasing pressure to better manage costs, roles related to business operations, process re-engineering and demand planning are in high demand.
Job seekers with exposure to ERP and SAP projects will also find themselves presented with
attractive opportunities not only in Hong Kong but also across Greater China, Singapore and
Malaysia. In addition, businesses continue to ramp up levels of outsourcing to third party logistics
providers, leading to an increase in hiring particularly across supply chain operations on the 3PL
(third party logistics) side.
The outlook over the next few months is promising where recruitment activity will start to pick up
again towards the middle of Q1 2014. Existing employees will be rewarded with a modest salary
adjustment and candidates who plan on a career change can expect salary increments between 5%
and 7%. Supply chain professionals at the operational level will face uncertainties which will lead to
concerns around job security. They will also see increasing competition as talent across the region
become more specialised.
Managerial level professionals with strong strategic experience will remain cautious yet open to
exploring opportunities that offer a wider scope of responsibilities and regional coverage. As Asia
continues to advance in supply chain technology and infrastructure, companies will further invest
resources and human capital into this region. Factors such as international trade and increase in
domestic consumption in countries like China and India will also create positive impacts to the
job market. Employers and job seekers should be optimistic about the opportunities within supply
chain and logistics over the next 12 months.
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Supply Chain & ProcurementCommerce & Industry Professionals
Job Title Experience Annual salary range (HK$)Supply Chain
Head of Supply Chain 18+ 1.2M - 1.6M+
Regional Supply Chain Director/VP 15+ 720K - 1M
Supply Chain Director/VP 12+ 650K - 910K
Supply Chain Manager 8 - 12 455K - 650K
Assistant Supply Chain Manager 6 - 8 364K - 455K
Senior Supply/Demand Planner 4 - 6 350K - 390K
Supply/Demand Planner 3 - 5 260K - 364K
Logistics / Warehouse / Operations
Head of Logsitics/Warehouse Operations 18+ 1.2M - 1.5+
Regional Director/VP 15+ 910K - 1.1M
Director/VP 12+ 715K - 910K
Regional Manager 7 - 10 520K - 650K
Manager 5 - 8 350K - 455K
Assistant Manager 3 - 5 240K - 325K
Senior Officer 2 - 3 195K - 230K
Procurement/Purchasing
Head of Procurement 15+ 1M - 1.6M+
Director/VP 12+ 800K - 1.3M
Senior Manager 10+ 600K - 780K
Manager 8 - 10 455K - 590K
Assistant Manager 5 - 7 300K - 390K
Officer 2 - 5 234K - 300K
SuPP
LY C
HA
IN &
PRO
Cu
REM
ENT
Ambition – Market Trends & Salary Report 1H 2014 Hong Kong
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Ambition – Market Trends & Salary Report 1H 2014 Hong Kong
TECHNOLOGY The employment market for information technology (IT) professionals was relatively stable but conservative with a majority of the roles being replacement hires. Hiring activity was relatively better across the commercial sector as well as IT vendors and solution providers but low and slow in the banking and finance sector. For contracting roles, the hiring activity is quite stable across the commerce and banking industries, especially towards the end of 2013 and early 2014.
Commerce & IndustryIT servicing companies and telecommunications companies continued to look for network
engineers with in-depth knowledge and experience in security or voice. Available vacancies
were also seen in data centre operation manager and solution architect roles due to the
increased number of data centres in Hong Kong. Cloud computing remained the area of
development and the source of IT companies’ expansions. To acquire more cloud projects,
IT companies have hired technical consultants and system architects with experience in
cloud, virtualization and data centre. In 2014, this space will continue to be in demand;
technical consultant and solution architects with strong client facing experience will be
desired among IT firms.
In the commerce sector, demand is expected to be in junior to middle level roles, such as
programmers and developers; demand for senior IT professionals such as IT Directors level
will be on a replacement basis in 2014. We also noticed a rising number of retail companies
revamping their point of sale (POS) and ERP systems and publishing companies revamping
their web application systems. This will result in talent with full life cycle implementation
record to continue to be in demand in 2014.
As a whole, commerce industry including IT vendors and solutions providers will have more
roles for new headcounts or strategic hiring to expand their operations in Asia. Particularly
IT servicing companies will be benefitting from more businesses outsourcing their
IT operations.
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TEC
HN
OLO
GY
TechnologyCommerce & Industry
Job Title Experience Annual salary range (HK$)Business Change
IT Director/CTO 15+ 1.2M - 2.4M
Program Manager 10+ 800K - 1.2M
PM 8+ 400K-800K
Business Analyst 5-8 300K - 700K
Application Development
Solutions Architect 10+ 600K - 1.4M
Development Manager 8-12 600K - 850K
C++/Java 5-10 200K - 660K
.Net 5-10 200K - 660K
RDBMS developer/DBA 4-10 200K - 660K
Infrastructure
Infrastructure Director 10+ 1M - 1.8M
Infrastructure Manager 8+ 480K - 800K
Infrastructure Architect 8+ 720K - 1.2M
Systems administrator 5+ 240K - 400K
3rd line support 5+ 300K - 500K
Security Director 5+ 700K - 1.2M
Security Manager 5+ 550K - 900K
Security Architect 5+ 500K - 750K
Security Analyst 6-8 240K - 500K
Ambition – Market Trends & Salary Report 1H 2014 Hong Kong
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Ambition – Market Trends & Salary Report 1H 2014 Hong Kong
TECHNOLOGY Banking & Financial Services IndustryIn the banking sector, the majority of hiring by employers for early 2014 will be for replacement
roles, with contractors being their preferred option. Any increase in recruitment would definitely
be driven by global market and economic conditions. Since banks and financial institutions are
outsourcing their IT functions, IT services providers to the banking and finance sector will have re-
latively more hiring activities going on. We can predict that they will have openings for developers,
software engineers, helpdesk engineers, IT specialists and infrastructure analysts in 2014.
IT talent can expect 3-6% salary increment in 2014 within their current companies and between
15-20% when changing jobs. The bonus is the equivalent of one to two months’ salary. We have
witnessed companies also willing to counter offer and pay extra 10-15% to retain their IT talent if
their skillsets are difficult to replace in the market or the person is working on a critical project. Due
to the high demand in project management and programming skills, employers should have a more
flexible budget to offer competitive salary packages to retain or attract more talent.
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Technology Banking & Financial Services
Job Title Experience Annual salary range (HK$)Business Change
IT Director (ED – MD) 15+ 1.8M - 2.4M
Program Manager (VP-D) 15+ 900K - 1.5M
PM (AVP-VP) 10-15 600K - 900K
Business Analyst (AVP-VP) 6-15 500K - 750K
Application Development
Solutions Architect (VP-SVP) 12-18 700K - 1.2M
Development Manager (VP-SVP) 10-15 700K - 1M
C++/Java 6-15 240K - 720K
.Net 6-15 240K - 720K
RDBMS developer/DBA 6-15 240K - 720K
Infrastructure
Infrastructure Director (ED-MD) 15+ 1.5M - 2.4M
Infrastructure Manager (SVP-ED) 10-15 900K - 1.5M
Infrastructure Architect (VP-SVP) 6-15 600K - 1M
Systems administrator 4-8 400K - 600K
3rd line support 5-10 350K - 550K
Trading systems support 6-15 400K - 850K
Security Director (SVP-ED) 15+ 900K - 1.5M
Security Manager (VP-SVP) 8-15 600K - 1M
Security Architect (VP-SVP) 4-8 600K - 1M
Security Analyst 4-10 240K - 400K
Notes to salary tables:
1. Titles and levels vary from organisation to organisation.
2. The salary ranges given are only approximate guides. For tailored salary advice, please contact us directly.
3. 12 month base salaries are assumed.
4. All other benefits and bonuses are in addition to these figures.
5. Bonus ranges can vary significantly from company to company and will be influenced by market conditions, business and individual performances. Bonus ranges from 1 month at the low end to 100%+ at the upper.
6. Holiday entitlements range from 12 - 25 days with senior executives not usually receiving less than 18 days. Less than 15 is very rare and 20 days is becoming the norm.
7. Healthcare policies are standard.
8. Pension plans vary with some companies offering greater than the standard contribution. Top up schemes can increase employer contribution levels as much as 15-20 percent of the base salary for senior executives.
9. * Inclusive of OTE (On Target Earning)
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ABOuT AMBITION
Ambition is a leading global boutique recruitment business listed on the Australian Securities Exchange. With coverage across Hong Kong, Singapore, Japan, Malaysia, Sydney, Melbourne, Brisbane, Perth and London we specialise within the areas of Banking & Financial Services, Finance & Accounting, Sales & Marketing, Supply Chain & Procurement, and Technology. We are best known for specialisation with in-depth knowledge and expertise, well-established networks and deep relationships.
What makes us different
We believe our size is a significant differentiator in the recruitment industry. We are big enough to undertake large scale projects for our clients, yet small enough to retain the soul and personality of a smaller company.
We work relentlessly to reinforce our purpose and culture and believe passionately that no one in the company is too small to make a difference.
As a global boutique recruitment business, our offices are extremely closely connected. Our management structure is geared towards facilitating communication between offices and our processes and technology go further to support this connection. Ultimately, this means we are well placed to source the hardest to find candidates and to extend client relationships to our international office network.
For more information, please visit www.ambition.com.hk
Get Social
Ambition are committed to driving innovation and have a strong social media presence allowing us to interact and engage through videos, whitepapers, surveys, webinars, trends and blogs via LinkedIn, Twitter, YouTube and Facebook.
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NOTES
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NOTES
TOMORROW STARTS TODAY
Ambition – Market Trends & Salary Report 1H 2014 Hong Kong
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Hong KongLevel 25, 28 Hennessy Road, Hong KongT:+852 3101 3066 F: +852 3101 3068
www.ambition.com.hk
BuILDING BETTER FuTuRES.