Hays Asia Salary Guide 2017 EN

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The 2017 Hays Asia Salary Guide indicates that Asia is taking a leading role in driving globalization, with significant economic impacts from redeveloped trade relationships [4] - Employers are expected to adapt quickly to emerging economic conditions, focusing on attracting quality hires and retaining top talent [5] - Skill shortages are a major concern, with 96% of employers reporting difficulties in recruiting skilled labor [8] - The salary forecast for 2017 remains similar to the previous year, with most employers planning modest salary increases [10] Market Overview & Trends - 61% of employers expect overall business activity to increase in 2017, despite economic concerns at the country level [8] - 51% of employers anticipate their local economy to remain static, while 33% expect it to weaken [8] - Gender diversity in management roles has improved slightly, with women holding an average of 31% of such positions [9] - 42% of employers plan to increase permanent staffing, while 47% intend to maintain current headcount [9] Salary Policy - The majority of employers increased salaries by only 3% to 6% during their last review, with 38% planning similar increases in the next review [10] - China leads in salary increases, with 56% of employers planning raises of more than 6%, while Japan has a high percentage of employers planning minimal increases [10] Recruitment Trends - The report highlights a reliance on temporary staffing, with 21% of employers expecting to increase temporary staffing [9] - 85% of employers provide additional benefits beyond salary, with health and medical benefits being the most common [12] - 34% of candidates are actively looking for new jobs, with many willing to relocate for better opportunities [12] Candidate Trends - Candidates are increasingly prioritizing salary increases, with 61% looking for higher pay compared to 48% the previous year [13] - 65% of candidates did not request a salary increase last year, indicating a potential disconnect between employer and employee expectations [13] - The lack of career progression is a significant motivator for job hunting, with 47% of candidates citing it as a key reason for seeking new opportunities [12] Sector-Specific Insights - In the Accountancy & Finance sector, there is a growing demand for CFOs with IPO experience in China, as many companies seek to raise capital [60] - The construction industry in China is expected to grow due to government infrastructure projects, creating ongoing recruitment needs [147] - The life sciences sector is seeing increased hiring activity, particularly for medical affairs professionals and product managers [267] Salary Information - The report provides detailed salary ranges for various roles across different countries, indicating significant variations based on location and industry [58][71][76][248]