HR salary forecast for 2019

HR salary forecast for 2019

 in Hong Kong by Samantha Chan
HR salary forecast for 2019
Robert Walters today released the Salary Survey 2019 for Greater China and Southeast Asia. Overall, an average of a 10% to 20% salary increment can be expected. Those with niche skills in technology-driven sectors can expect an increase of up to 30%.
Matthew Bennett, managing director of Greater China at Robert Walters, said: “We expect technology and innovation will continue to drive growth in Hong Kong’s job market in 2019. More and more job seekers are upgrading their professional abilities to meet a growing market demand for specialists with technology skill sets. Employee retention has become one of the key priorities in a candidate-short market. Employers are advised to upscale their talent retention means as salary is no longer the only factor in career decisions. Benefits, work-life balance and overall work culture are equally important in determining job satisfaction.”
Human Resources has selected seven highlights from the report for Hong Kong’s human resources professionals.s employees advance in their careers.

HR career opportunity and trend

1.There is an increasing demand for HR generalists and professionals specialised in compensations and benefits, and employee engagement.
2. Experienced HR heads and HR directors who possessed excellent communication skills and are relatively hands-on in HR operations were highly sought after.
3. Senior HR business partner roles will continue to be prominent as companies seek to link employee engagement closely with organisational strategy.
4. Retention is a priority for many companies. Hence, companies will seek professionals who have the ability to carry out a range of retention initiatives and incentive designs such as learning and development, flexible working hours and mobility programmes.
5. A growing number of HR professionals are now getting involved in digital work environments and “smart workplaces”  such as mobile applications, remote access and omni-communications.
6. HR professionals who are flexible and able to demonstrate a willingness to upgrade their technology skills will be highly valued.
7. The demand for payroll specialists to fill contract roles is rising.

HR department salary forecast

Modern recruitment systems will continue to assist Hong Kong employers to source the best talent, hire as per cultural fit and offer a seamless and positive experience to candidates and employees.
Management teams will demonstrate strong interest in HR transformation projects and initiatives such as increasing investment in digital HR solutions and people analytics to boost workplace productivity and future-proof their workforce.
Employees will be 2019’s other focus. Learning and development leaders will play a significant role in defining values, processes and practices around talent development to increase performance and competencies. Implementation and support of online training platforms with a demonstrated ability to foster work culture that encourages continuous learning will be prevalent.
Senior HR candidates will be responsible for driving digitisation, organisational restructuring and key transformation programmes. Digital acumen and experience in stakeholder management, change management and project management will be highly sought after among senior HR candidates.
There will also be a steady demand for professionals with strong business partnering skills who are well-versed in niche areas such as developing multiplex compensation and benefits structures and building a strong employer brand.
For those who are looking for new career opportunities they can expect salary increments between 10% and 15%. During peak seasons, and in light of special roles that require highly sought-after competencies such as change management, the salary increase can be up to 20%.
Junior hiring will mainly be replacement hires unlike senior roles where there is a grossing headcount already budgeted for. As Gen Y and Gen Z enter the workforce, junior HR staff have shown an average tenure of one to two years within an organisation.

Salary overview

HR salary forecast for 2019

Robert Walters is a global specialist professional recruitment consultancy. The Salary Survey is based on the analysis of permanent, interim and contract placements made across each geographies and recruitment disciplines in 2018 and the predictions for the year ahead.

This article was first published in Human Resources and is reproduced with permission. Original article can be found at https://www.humanresourcesonline.net/hr-salary-forecast-for-2019/