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With the year coming to an end, it's time to start planning for 2019. According to the Robert Walters Salary Survey 2019, across Southeast Asia, businesses are placing more focus on employee retention by investing in training, offering various benefits, as well as providing attractive counter-offers for their top talent.
"Employers looking to hire skilled professionals will need to do more to secure the talent they want. This includes providing a competitive salary and benefits package, acting swiftly and maintaining good communication throughout the recruitment process," noted Toby Fowlston, Managing Director, South East Asia, Robert Walters.
Here are the HR related forecasts for the Southeast Asian markets covered - Singapore, Malaysia, Indonesia, Philippines, Thailand, Vietnam.
Singapore
In 2019, candidates in Singapore can expect increments of 7%-15% when moving jobs.
In HR, while hiring at the executive level will remain relatively modest, mid-level professionals are expected to continue being in demand as businesses look to up-skill their HR teams, training them to move into the role of a business partner.
Companies will seek innovative HR professionals who can relate business objectives to people strategies and those who challenge organisational norms to create effective HR policies and initiatives that benefit both employees and the business will be in demand. At the same time, candidates with strong experience will be favoured.
While relatively conservative increments were seen in 2018, in the coming year, HR professionals can expect their pay to increase with promotion and development or when moving jobs.
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Malaysia
In 2019, a more optimistic recruitment market is expected in Malaysia. Job movers across the various functions can expect pay hikes of 20%-30%.
In the HR function, demand for candidates is expected to remain stable in 2019. Candidates with the ability to leverage a variety of technological and analytical tools to provide robust analysis of human capital data will be in high demand.
Companies will also be looking for HR talent with strong business acumen as well as those with specific skill sets and industry knowledge. Due to the rise of global shared services centres, professionals proficient in additional languages such as Mandarin, Japanese, Korean, Thai and Telugu will be highly sought after.
In 2019, HR job movers can expect to receive salary rises of 15%-20%.
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