The average payroll increase this year for salaries across the board is between 3% and 5%, according to the Robert Walters Global Salary Survey of 2011. The survey results, released just before we went to press, highlighted a number of pressing points that will affect salaries in 2011.
Salary expectations from candidates are expected to outweigh what the market is willing to pay. Matthew Bennett, Managing Director, Robert Walters Hong Kong explained, “The number of open cheque books we have seen flying around the market was significantly less at the beginning of this year, than we saw at the beginning of 2010.”
In regards to HR, Bennett expects significant internal recruitment across both financial and non-financial services, as companies focus on increasing headcounts and saving costs. He explained, “There has been an increase in the hiring activities across senior HR hires in the region, and this will also be the focus of organisations this year—as more and more focus on Asia.”
Paul Arkwright
Publisher
