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2017 HR Salary Survey Guide

2017 HR Salary Guide

01-01-2017
Submitted by global_admin on Sun, 01/01/2017 - 12:48
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HR salary guides for junior to senior roles within learning and development, compensation & benefits, talent development and more.
 

Hiring across the Hong Kong HR market remained stable in 2016. Permanent positions dominated the market with contracting roles on the rise. However the HR function is still a developing discipline across Asia with a lot of potential due to the growing demand for strategic HR specialist professionals.

Included in the HR salary guide are salary ranges for  HR Salaries in Commerce & Industry | HR Salaries in Financial Services | Commentary

HR Salaries in Commerce & Industry

Role Basic Salary (HKD per month)
HR VP / Head 120k+
HR Director 76k - 120k
Senior HR Manager 60k - 76k
HR Manager 43k - 60k
Assistant HR Manager 35k - 43k
HR Senior Officer 28 - 35k
HR Officer / Assistant 15k - 28k
Talent Acquisition Head 76k+
Talent Acquisition Manager 43k - 76k
Talent Acqusition Specialist 23k - 43k
Organisational Development Head 76k - 120k
Talent Development / Learning & Development Director 63k - 120k
Learning & Development Training Manager 43k - 63k
Learing & Development Assistant Training Manager 32k - 43k
Learning & Development Senior Officer 28k - 32k
Learning & Development Officer 16k - 28k
Compensation and Benefits Director 70k - 90k
Compensation and Benefits Manager 40k - 70k
Compensation and Benefits Assistant Manager 28k - 40k
Compensation and Benefits Specialist 21k - 28k

HR Salaries in Financial Services

Role Basic Salary (HKD per month)
HR Director / Head 130k+
HR Manager / HR Business Partner 66k - 130k
Associate / Assistant HR Manager 32k - 54k
HR Officer / Assistant 18k - 25k
Talent Acquisition Head / Director 115k+
Talent Acquisition Manager 50k - 110k
Talent Acquisition Specialist 30k - 50k
Talent Acquisition Coordinator 20k - 30k
Learning & Development Head 125k+
Talent Development / Organisational Development Director 125k+
Learning & Development Manager 70k - 125k
Learning & Development Specialist 50k - 70k
Learning & Development Officer / Coordinator 20k - 28k
Compensation and Benefits Head 120k+
Compensation and Benefits Manager 40k - 80k
Compensation and Benefits Specialist 28k - 40k
Compensation and Benefits Officer / Coordinator 15k - 28k
Payroll Manager 40k - 60k
Payroll Specialist 25k - 34k
Global Mobility Manager 75k - 105k
Global Mobility Specialist 40k - 62k
Shared Service / HR Operations Manager 45k - 80k

Commentary on HR Roles and Remuneration in Hong Kong for 2017

HR has evolved significantly within the Organizational Development space due to a number of mergers & acquisitions involving MNCs. Instead of hiring external consultants, big corporations have favored setting up their own departments in order to reduce costs. Furthermore, many companies continue to offshore HR shared services teams to low cost countries in Southeast Asia. Talent Acquisition is becoming a very important function as many RPO projects are not efficient and hence MNCs are setting up their own Talent Acquisition department.

There has been a decline in regional roles within MNCs as some companies have moved their regional offices to Singapore and Shanghai. However, there has been an increase in China-based firms acquiring businesses globally and opting to use Hong Kong as their global headquarters, creating strategic HR opportunities with a regional and global remit. These roles are typically seeking professionals with change management, HR transformation and overseas office set up experience. They will also look for professionals with international exposure who can fit into the Chinese culture. Of course, fluency in Mandarin is essential.

HR is becoming an increasingly localised function, with organisations empowering local teams due to successful development in the last decade. Senior HR leaders recruited for local markets tend to be professionals from the more developed markets, meaning they are well placed to introduce best practices, from as Europe, Australia or the USA. However, there are many MNCs and SMEs that are looking to attract locally based candidates with the language skills and cultural fit to lead their HR function.

In 2017, salaries are expected to remain stable. Standard annual salary increment will be between 3-5%. For external moves, salary increases remain at a general market rate of 10%-15%. Salary for professionals with regional experience is 20% higher than local professionals. In the talent acquisition and organisational development functions, there are generally highly sought-after and achieve salary increments of up to 20%. 

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