Local salary levels on the rise -- increased hiring activity and war for talent
BANGKOK, March 23, 2011 /PRNewswire-Asia/ -- The Robert Walters Thailand Salary Survey 2011 found that the FMCG, banking and trading sectors were responsible for some of the most significant increases in recruitment activity within the Thailand market.
"Following strong recovery from the global financial crisis, Robert Walters experienced high levels of activity in the Thailand recruitment market, especially within the banking and finance sectors, as they looked to fill roles that were made redundant or put on hold during the crisis," James Vessey, Country Manager of Robert Walters Thailand said. "As the demand for talent remains strong, Robert Walters anticipates salaries to continue rising in 2011."
"Experienced English-speaking professionals will be invaluable to organisations in Thailand. Experienced candidates with niche skill sets who are looking to switch jobs should be able to command salary rises of approximately 20-30% due to the limited talent pool. Competition for top talent is expected to continue and companies will be placing increased emphasis on employee retention strategies."
Compiled by a dedicated research division, the Survey is based on the analysis of permanent, interim and contract placements made across each of the Group's geographies and recruitment disciplines during 2010. In its 12th year, the Survey is the most comprehensive review of global recruitment market conditions and salary levels available.
Some of the top regional findings from the Survey include:
Singapore: In the midst of abundant job opportunities, the Singapore market again experienced a war for talent and companies struggled to retain their top employees. While a number of professionals moved off-shore to take advantage of market growth in mainland China and Hong Kong, the local talent pool remained intact. This was mainly due to an influx of professionals from Asia, Australia and Europe as well as Singapore nationals who returned to the country.
Malaysia: Hiring activity increased at the start of 2010 and maintained throughout the year. Robert Walters anticipates a surge in recruitment activity due to a number of state and government-initiated projects being implemented. There is a large emphasis on tourism and infrastructure development as the country seeks to continue attracting foreign companies to establish hubs and especially shared services operations in Malaysia.
Mainland China: Recruitment activity increased in the first half of 2010 and peaked between April and June, before maintaining this momentum during the second half of the year. Salary rises are likely to be around 10% across various industries and roles in mainland China, while top-tier candidates may be able to command increases of approximately 15-30%.
Hong Kong: Robert Walters saw greater demand for middle management roles as organisations sought talent with the ability to add value to their organisations, gain market share or differentiate their businesses from competitors. Robert Walters also anticipates a higher demand for revenue-generating roles within the financial services and commercial industries, as well as marketing positions to help organisations differentiate themselves from their competitors.
Sector-specific findings for Thailand include:
Accounting & Finance
Banking & Financial Services
Human Resources
Information Technology
Sales & Marketing
For more information or to arrange an interview, please contact: Fiona Cheong, Editorial & PR Specialist at +65-6228-5313; fiona.cheong@robertwalters.com.sg
About Robert Walters
Robert Walters Plc is one of the world's largest professional recruitment consultancies with 43 offices in 20 countries. The Thailand office specialises in placing candidates on a permanent basis in the following specialities: accountancy & finance, banking & financial services, human resources, information technology, as well as sales & marketing.
For more information about Robert Walters Thailand, visit www.robertwalters.com.th
To download the PDF version of the Robert Walters Global Salary Survey 2011, visit www.robertwalters.com/salarysurvey. To view the latest Robert Walters Asia Job Index report, please visit www.asiajobindex.com
Contact:
Fiona Cheong
Tel: +65-6228-5313
Email: fiona.cheong@robertwalters.com.sg