SUBSCRIBE: Newsletter

Human Resources

Toggle

Article

Confidence low, but salaries up in travel and hospitality

HR Masterclass from Human Resources magazine: High-level HR strategy training workshops
led by the world's most respected HR thought leaders & strategists.
Review the 2019 programme here »

A third of travel and hospitality professionals are not confident about career opportunities in their present company.

This figure is worrying considering two thirds of nearly 900 APAC respondents to a study by ACI HR rated career progression as ‘important’ or ‘very important’.

Andrew Chan, founder and CEO of ACI, said the competitive job market could be the reason why employees are feeling more insecure about long-term career prospects. Another reason for the lack of confidence could also be companies moving away from internal recruitment policies.

However, 69% of respondents said they received a pay increment in the past 12 months, with 51% of them seeing a 1% to 5% increase.

“Business confidence may appear weaker but still remains mostly positive and companies HR policies are continuing to focus on recruitment rather than retrenchment,” Chan said.

“The continued labour crunch and skills shortage across much of the region mean that those with specialist skills continue to drive higher salary demands and compensation packages.”

Regionally, Indonesian respondents saw the highest salary jump of 118%, followed by India (113%) and the Philippines (51%).

In terms of actual salaries, Macau topped the list at U$100,100 (S$126,848), followed by Hong Kong U$81,564 (S$103,331) and Australia U$79,371 (S$100,553). Malaysia reported the lowest average salary at US$39,118 (S$49,550).



Leverage on technology to improve your HR operations and process at HR Tech Interactive. Happening in Singapore and Kuala Lumpur in August.
Request your invite now!

Read More News

in Hong Kong by

打工仔復仇記

如果您的員工在耍這些小手段,您可能要檢討一下自己是否造成惡劣工作氣氛的元兇。..

Trending

Leave a Reply

You must be logged in to post a comment.