Robert Walters Global Salary Survey 2014 363

INDONESIA

Strong growth and a positive economic climate resulted in an active Indonesian recruitment market in 2013. With Indonesia more open to international trade, foreign banks and multinationals continued to expand into the region. Government legislation continued to promote the recruitment of Indonesian nationals, and apart from some senior leadership positions most hiring was targeted at the domestic workforce.

With a presidential election scheduled for summer 2014, a subsequent ‘wait and see’ approach being taken with regard to political decision-making and local currency volatility (which saw the Indonesian Rupiah devalue against the US dollar) we could see these factors undermine the growing mood of confidence - particularly if export and production continue to be affected.

Meeting hiring requirements could continue to be a challenge for companies in Indonesia this year, where specialist professionals remain in short supply. Companies will need to further strengthen and expand their HR functions too if they want to find key professionals who can help fulfil their business objectives.

SUMMARY

INDONESIACOUNTRY OVERVIEW

Salaries in Indonesia were

fairly fluid in 2013, with 30% rises for those moving jobs in the commercial sector, and up to 50% for key specialists moving into new

finance roles. Offers will continue to be competitive in 2014 but will be made on a case-by-case basis depending on applicant quality.

There was increased hiring activity in the accounting & finance recruitment market in 2013. As companies continued to expand within Indonesia, new accounting professionals were required to manage and process larger volumes of financial data. Companies also focused on internationalising their accounting functions and there was both new and replacement hiring at managerial and head-of-function level. Domestic applicants with overseas experience were key recruitment targets.

With a choice of job opportunities available, accountants looking to move roles could expect to receive multiple offers, which led to salary increases and complex hiring processes. Professionally-qualified accountants will continue to bein high demand, as will those who can help evolve the finance function from a processing to ‘value-add’ operation. As competition increases, hiring managers should focus on retaining key staff

through strong career planning, training opportunities and competitive pay. Well-educated junior employees who can be developed internally may be a shrewd hiring option.

In 2013 the financial sector continued to grow rapidly, with hiring needs increasing across all areas. International banks sought vice president-level professionals in areas such as credit, risk, compliance, legal and business finance. Internationally-educated employees were also high on the recruitment radar as banks looked to develop their middle management structures. This trend will continue this year with legislation, compliance and reporting requirements increasing across Indonesia. As companies attempt to develop home-grown future management teams, functional heads are embarking on graduate and training management programs, with skills and knowledge development becoming a key retention tool. Indeed, retention is now particularly urgent as local experience remains in short supply. We predict that hiring managers will continue to compete for their choice of candidates, and anticipate that salaries will continue to rise.

The HR function is becoming increasingly important for companies across all sectors. Specifically, companies have been looking for strategically-minded HR professionals who can partner with

business leaders to tactically recruit, train and retain staff. The HR job market willcontinue to grow in 2014 as organisations expand and require additional hiring expertise to meet their recruitment needs. HR professionals in Indonesia typically move roles every 18 to 24 months; as a result, companies will continue to build up their HR teams in 2014. We expect a strong focus on compensation and benefits and learning and development as key areas that will help enhance a company’s brand and reputation, with recruitment in these areas growing accordingly. Management-level HR salaries are likely to rise 30% on average in 2014, in line with 2013.

Senior level country sales managers and marketing directors were popular hiring choices in 2013. In keeping with other areas, strong local professionals with international experience were in short supply and will continue to be scarce in 2014. Following internal restructuring we also expect to see increased efforts to recruit heads of sales, brand and marketing managers as businesses seek fresh talent in order to maximize their brand presence. With candidates’ expectations growing, companies should focus on offering benefits such as medical cover and increased travel allowances if they want to entice top sales and marketing applicants. Salaries should be in line with the 15-20% increases seen in other sectors. Overall we expect to see increased hiring activity within HR functions in the FMCG, pharmaceutical and automotive industries.

ACCOUNTING & FINANCE

BANKING & FINANCIAL SERVICES

HUMAN RESOURCES

SALES & MARKETING

365 Robert Walters Global Salary Survey 2014

JAKARTAACCOUNTING & FINANCE

ROLE PERMANENT SALARY PER ANNUM IDR (Rp)

2013 2014

Finance

Chief Financial Officer 1430 - 1755m 1430 - 1755m

Finance Director - MNC 975 - 1209m 975 - 1209m

Finance Director - SME 715 - 910m 715 - 910m

Financial Controller - MNC 506 - 637m 600 - 700m

Financial Controller - SME 416 - 481m 450 - 550m

Commercial Manager 364 - 429m 364 - 455m

Corporate Finance 286 - 351m 286 - 351m

Senior Finance Manager 247 - 283m 300 - 500m

Finance Manager 181 - 222m 275 - 390m

Senior Financial Planner 182 - 252m 182 - 252m

Financial Planner 144 - 179m 144 - 179m

Audit

Internal Audit Director 663 - 806m 700 - 850m

Internal Audit Manager 221 - 265m 300 - 400m

Senior Auditor 377 - 481m 250 - 320m

Auditor 143 - 208m 143 - 208m

Accounting & Taxation

Tax Director 624 - 754m 624 - 754m

Group Accountant - Consolidations 364 - 429m 390 - 470m

Credit Controller 299 - 364m 260 - 390m

Cost Controller 173 - 333m 173 - 333m

Senior Tax Accountant 156 - 201m 175 - 200m

Accountant 131 - 159m 120 - 175m

Tax Accountant 121 - 150m 120 - 150m

AP/AR Accountant 112 - 129m 75 - 100m

Treasury

Treasury Manager 249 - 318m 300 - 400m

Treasury Analyst 126 - 198m 120 - 150m

Analyst

Senior Business Analyst 299 - 455m 250 - 450m

Business Analyst 169 - 234m 200 - 250m

Senior Financial Analyst 151 - 232m 250 - 350m

Financial Analyst 128 - 162m 150 - 200m

NB: Figures are basic salaries exclusive of benefits & bonuses unless otherwise specified.

Robert Walters Global Salary Survey 2014 366

JAKARTABANKING & FINANCIAL SERVICES

ROLE PERMANENT SALARY PER ANNUM IDR (Rp)

ANALYST AVP VP

2013 2014 2013 2014 2013 2014

Front Office Banking

Private Banking 359 - 460m 420 - 538m 460 - 807m 538 - 944m 807m+ 944m+

Investment Banking 269 - 374m 314 - 438m 374 - 633m 438 - 740m 633m+ 740m+

Private Equity 269 - 374m 314 - 438m 374 - 546m 438 - 638m 546m+ 638m+

Debt Capital Markets 269 - 374m 314 - 438m 374 - 633m 438 - 740m 633m+ 740m+

Equity Capital Markets 269 - 374m 314 - 438m 374 - 546m 438 - 638m 546m+ 638m+

Trade Sales 269 - 374m 314 - 438m 374 - 546m 438 - 638m 546m+ 638m+

Corporate Banking 269 - 374m 314 - 438m 374 - 546m 438 - 638m 546m+ 638m+

Cash/Treasury Sales 269 - 374m 314 - 438m 374 - 546m 438 - 638m 546m+ 638m+

Commercial Banking 269 - 374m 314 - 438m 374 - 546m 438 - 638m 546m+ 638m+

Priority Banking 269 - 374m 314 - 438m 374 - 546m 438 - 638m 546m+ 638m+

Banking Operations

Treasury Operations 180 - 316m 210 - 369m 316 - 460m 369 - 538m 460m+ 538m+

Cash Management 180 - 316m 210 - 369m 316 - 460m 369 - 538m 460m+ 538m+

Credit Administrator 180 - 316m 210 - 369m 316 - 460m 369 - 538m 460m+ 538m+

Custody 180 - 316m 210 - 369m 316 - 460m 369 - 538m 460m+ 538m+

Trade Support 180 - 316m 210 - 369m 316 - 460m 369 - 538m 460m+ 538m+

Corporate Governance

Compliance/Legal 269 - 374m 314 - 438m 374 - 546m 438 - 639m 546m+ 639m+

Market Risk 269 - 374m 314 - 438m 374 - 546m 438 - 639m 546m+ 639m+

Operational Risk 269 - 374m 314 - 438m 374 - 546m 438 - 639m 546m+ 639m+

Internal Audit 269 - 374m 314 - 438m 374 - 546m 438 - 639m 546m+ 639m+

Credit Risk 269 - 374m 314 - 438m 374 - 546m 438 - 639m 546m+ 639m+

Financial Accounting

Strategic Planning & Analysis 269 - 374m 314 - 438m 374 - 546m 438 - 639m 546m+ 639m+

Financial Control & Tax 269 - 374m 314 - 438m 374 - 546m 438 - 639m 546m+ 639m+

MIS Reporting 269 - 374m 314 - 438m 374 - 460m 438 - 639m 460m+ 639m+

Fund Accounting 269 - 374m 314 - 438m 374 - 546m 438 - 639m 546m+ 639m+

Project Management

Operations 269 - 374m 314 - 438m 374 - 546m 438 - 639m 546m+ 639m+

Business 269 - 374m 314 - 438m 374 - 546m 438 - 639m 546m+ 639m+

NB: Figures are basic salaries exclusive of benefits & bonuses unless otherwise specified.

367 Robert Walters Global Salary Survey 2014

JAKARTAHUMAN RESOURCES

ROLE PERMANENT SALARY PER ANNUM IDR (Rp)

3 - 6 YRS’ EXP 6 - 12 YRS’ EXP 12+ YRS’ EXP

2013 2014 2013 2014 2013 2014

Commerce & Industry

Compensation & Benefits 220 - 330m 240 - 330m 400 - 550m 450 - 550m 475 - 650m 500 - 650m

Organisational Development 220 - 330m 240 - 330m 400 - 550m 450 - 550m 475 - 650m 500 - 650m

HR Generalist/Business Partner 220 - 330m 240 - 330m 400 - 550m 450 - 550m 475 - 650m 450 - 650m

Training & Development 220 - 330m 240 - 330m 400 - 550m 450 - 550m 475 - 650m 450 - 650m

Banking & Financial Services

HRIS 220 - 330m 250 - 390m 400 - 550m 450 - 600m 475 - 650m 500 - 650m

Organisational Development 220 - 330m 250 - 390m 400 - 550m 450 - 600m 475 - 650m 500 - 650m

HR Generalist/Business Partner 220 - 330m 250 - 390m 400 - 550m 450 - 600m 475 - 650m 500 - 650m

Training & Development 220 - 330m 250 - 390m 400 - 550m 450 - 600m 475 - 650m 500 - 650m

Compensation & Benefits 220 - 330m 250 - 390m 400 - 550m 450 - 600m 475 - 650m 500 - 650m

NB: Figures are basic salaries exclusive of benefits & bonuses unless otherwise specified.

Robert Walters Global Salary Survey 2014 368

JAKARTASALES & MARKETING

ROLE PERMANENT SALARY PER ANNUM IDR (Rp)

2013 2014

Business Development

Managing Director 1093 - 1208m+ 1278 - 1413m+

Sales Director 920 - 1035m+ 1076 - 1210m+

Sales Manager 621 - 759m+ 726 - 888m+

Sales & Marketing Director 920 - 1035m+ 1076 - 1210m+

Sales & Marketing Manager 368 - 437m+ 430 - 511m+

Account Director 782 - 920m+ 914 - 1076m+

Account Manager 368 - 437m+ 430 - 511m+

Senior Business Development Manager 552 - 633m+ 645 - 740m+

Business Development Manager 345 - 403m+ 403 - 471m+

PR & Communications

PR Director 575 - 690m+ 672 - 807m+

PR Manager 345 - 403m+ 403 - 472m+

Corporate Affairs Director 403 - 460m+ 471 - 551m+

Marketing Communications Manager 403 - 460m+ 471 - 551m+

Marketing

Marketing Director 978 - 1093m+ 1144 - 1338m+

Marketing Manager 437 - 518m+ 511 - 598m+

Marketing Research Director 575 - 690m+ 672 - 787m+

Marketing Research Manager 322 - 403m+ 376 - 440m+

Trade Marketing Manager 403 - 460m+ 471 - 538m+

Branding & Customer Service

Channel Manager 426 - 483m+ 426 - 515m+

Brand Manager 403 - 460m+ 471 - 551m+

Assistant Brand Manager 288 - 345m+ 336 - 394m+

Call Centre Manager 322 - 368m+ 376 - 440m+

Visual Merchandising Manager 322 - 368m+ 376 - 440m+

NB: Figures are basic salaries exclusive of benefits & bonuses unless otherwise specified.