COMPANY OVERVIEW - CTgoodjobs › article_files › ... · practice is a global leader in enterprise-wide recruiting, placement, and retention — which efficiently sources and matches

KELLY SERVICES IN HONG KONGKelly Services Inc. (NASDAQ: KELYA | KELYB),

a US listed company and a global leader in

workforce solutions, offers a comprehensive array

of outsourcing and consulting services as well as

world-class staffing on a direct-hire, temporary and

temporary-to-hire basis. Kelly® provides employment

to 500,000+ people globally.

In APAC, Kelly Services Hong Kong is

a company of PERSOLKELLY – a joint venture

between Kelly Services Inc. and PERSOL Holdings,

Japan’s second largest recruitment firm. With

our 360° talent offerings encompassing services

from recruitment, executive search, outsourcing

to consultancy, we are dedicated to helping

any company build a motivated workforce while

measurably enhancing its brand.

OUR INSIGHTFUL SEARCHES BASED ON QUALITY, NOT QUANTITYKELLY RECRUITMENT never fills vacancies with

a barrage of CVs. Our resourceful consultants

leverage a unique talent mapping process and

extensive referral network to pinpoint perfectly

qualified candidates. When screening potential

hires, our expert professionals pay close attention to

benchmarking each person’s personality and work

ethics against different corporate values and cultures.

Our strong team of consultants are specialists

in the areas of:

• Banking & Finance • Consumer Goods - FMCG• Engineering • Finance & Accounting • Human Resources • Information Technology & Telecommunications • Insurance • Healthcare and Life Sciences • Retail

TALENT MANAGEMENT CONSULTANCY THAT EMPOWERSOur sister company, PERSOLKELLY Consulting

empowers individuals, organisations and societies

to shape future workforce through innovative

talent development, HR & management advisory,

COMPANY OVERVIEW

organisational effectiveness and insights-driven HR

solutions.

Its services include:

• HR Consulting & Management Advisory• People Analytics Lab• Leadership & Executive Development• Career Transition Services• Research & Think Tank• Talent Management Technology

INNOVATIVE OUTSOURCING SOLUTIONSKELLY OUTSOURCING is our clients’ extended

office. We take care of their mundane tasks so

that their staff can be freed up to build their core

businesses. The offerings include:

• Our Independent Contractor Solution (ICS)

provides for clients who are in need of temporary

staffing or longer-term contracting solutions. No

matter they are looking to recruit temporary office

staff for professional roles in finance, accounting,

HR, general administrative positions; or they are

companies whose nature of business requires a large

number of talents for only a finite period of time;

or they simply have an impending need to recruit

despite their limited headcount, they will be able to

benefit from our valuable contingent talent pool.

Kelly has over 1,500 contractors and temporary staff

working for our various clients in Hong Kong.

• Our Recruitment Process Outsourcing (RPO) practice is a global leader in enterprise-wide

recruiting, placement, and retention — which

efficiently sources and matches top-quality talent

across all disciplines, job levels, and geographies to

different corporate cultures.

• Our customised Business Process Outsourcing

(BPO) service combines strategic expertise and

proven, controlled processes with full accountability

in all areas — boosting productivity, efficiency,

and helps to lower costs, while offering superior

customer satisfaction levels.

• Our Contingent Workforce Outsourcing (CWO)

suite of services comprises a comprehensive family of

independently contractor managed solutions, such as

evaluation, classification and risk mitigation. Limiting

our clients’ exposure to liability fines and penalties

associated with worker misclassification, CWO also

makes it easier for clients to access critical talent.

CONTENT PAGE

1

Methodology: Salary figures included in the 2019 Hong Kong Salary Guide are derived by combining the expert market

knowledge of senior recruitment professionals within the Kelly network, as well as the latest job placement

data recorded in the Kelly database.

All rights reserved. No part of this book may be reproduced or transmitted in any form without the written permission from

Kelly Services Hong Kong. The information contained in the Salary Guide is intended for educational purposes only. Kelly

Services Hong Kong takes no responsibility for any liabilities that emerge based on the information contained in this guide.

7 Banking & Finance

3 Executive Overview

52019 Salary &Hiring Outlook

11 Corporate Professionals(Finance / Legal / HR)

15 Engineering (Industrial & Manufacturing / Building & Infrastructure)

21 Information Technology & Telecommunications (IT&T)

25 Insurance

29 Retail

SALARIES

19 Healthcare & Life Sciences

17 Fast-Moving Consumer Goods (FMCG)

2

The Kelly Services Hong Kong 2019 Salary Guide

shares our perspective on Hong Kong’s employment

outlook and salary forecast for the year. The

collection of job titles and salary ranges reflect

actual engagements between employers and

employees, and represent an accurate overview of

the marketplace.

Economic expansion had remained steady

throughout 2018, as of Q3 2018 marking the eighth

consecutive quarter of growth above the trend

growth rate of 2.7% per annum1.

Continued momentum in global economic

expansion and strong domestic demand brought

the city’s GDP growth to 3.2% in 2018, within the

forecast range of 3-4%2.

EXECUTIVE OVERVIEWWhile the unemployment rate stood at 2.8% for the

three months ending October 2018, the lowest level

in more than 20 years3, labour market conditions are

expected to remain tight.

Besides, external headwinds are also present in the

form of mounting US-China trade tensions, the stock

market downturn and higher property prices, which

will increase business costs and lower productivity.

Compelled by the fast pace of digitisation around

the world, we expect more companies to embark

on their digitisation journeys. To triumph amid a

climate of economic uncertainty, companies must

do more than just evolve their operations and

adopt new technologies – to fully reap the benefits

of digital transformation necessitates a mindset

and organisational culture shift from the bottom

3

up. Digital must be integrated into every aspect

of the organisation, and that includes inculcating

an openness to digital – to learning and even re-

learning – among employees at every level.

Matthew Cheung, Hong Kong Chief Secretary for

Administration, shared on his government blog

that human resources in Hong Kong are compelled

to face three challenges: Firstly, the ever-changing

external environment, from the fluctuating global

economy, the global protectionism sentiment to

technology disruption; secondly, the mismatch

between the skills required and the current

capabilities of the workforce; and thirdly, the

shortage of working population4.

Business growth may be hampered by any of the

above factors regardless of their size and industries.

To overcome the talent mismatch and shortages, we

expect to see more companies scout talent overseas.

The more far-sighted companies will also develop

a culture of learning among their employees, while

managing their talent resources through their own

strategic talent supply chain. Talent supply chain

management (TSCM) considers the global workforce

in its entirety – regardless whether you are buying

labour (direct-hired employees) or borrowing labour

(contract staffing or temporary staffing) – and deploy

the right people at the right moment.

As a three-peat Gold winner of the ‘Best Contract

Staffing Solution Agency’ award, we are dedicated

to support you in identifying your best talent

solution, forecasting and planning your resources

few years from now. In the process, we will work

together with you to identify where to be efficient

(i.e. focus on cost-savings) and where to be

responsive (i.e. focus on quality and speed), while

knowing how to access the best talent with minimal

risk and cost.

With insight and analysis into the micro and macro

factors affecting the employment market and talent

landscape this year, we hope that this salary guide

will help shed light on the latest industry trends

and point the way forward towards achieving your

evolving talent and business needs.

Alan Wong Managing Director and Country Head,Kelly Services Hong Kong

4

1-3 HKTDC Research. (Jan 31, 2019). Economic and Trade Information on Hong Kong.4 My Blog, Chief Secretary of Administration. (Dec 9, 2019). Hong Kong’s human resources development: Opportunities and Challenges.

Expected Increase in Retail Sales (YoY)4

Expected Unemployment Rate in 20195

Predicted Overall Salary Increment6

1-5 Trading Economics Forecast, Jan 20196 JobsDB Hiring, Compensation and Benefits Survey Report 2019

2019 SALARY & HIRING OUTLOOK

2.5% 2.4%

Expected GDP growth in 20191

Expected inflation for 20192

Consumer Price Index in 20193

Hot Professional Segments for 2019

109.98

Information Technology

Banking & Financial Services

CustomerService

Sales & Marketing

4

Insurance

5

5.2% 2.8% 3.0%

Hot Jobs for 2019

Head of Legal: HK$800k – 1.1m

Private Banking Relationship Manager: HK$850k – 1.2m

Compliance & Risk (VP/ Senior Manager): HK$800k – 1.3m

Digital Marketing Manager: HK$500k – 800k

Data Scientist: HK$420k – 850k

Talent Acquisition Manager: HK$400k – 800k

Blockchain Developer: HK$400k – 720k

System Analyst: HK$420k – 600k

Data Analyst: HK$300k – 420k

Programmer: HK$204k – 400k

5 6

Strong growth momentum in 2018 has brought Hong Kong’s banking and finance sector back on track to regain its position as the 3rd leading global financial centre, according to the Global Financial Centre Index1.

While the economy may likely dampen in 2019 on the back of escalating US-China trade tensions,

we expect the sector’s outlook to remain stable, with asset management as the key segment driving growth. We foresee a more vigilant economic outlook in Hong Kong for Q1, and hopefully the market will slowly pick up in the second half of the year. Prospects of the local wealth and asset management segment are bright, as Hong Kong continues to serve as a gateway for a growing number of Chinese high net worth individuals as well as family offices that are looking to diversify their assets into Asia and beyond. This is creating burgeoning demand for private wealth management professionals, in particular relationship managers who possess

both soft and hard skillsets to handle the needs of increasingly sophisticated clients.

We expect to see the second and third-tier China and Asia banks to continue expanding their market share in Hong Kong, with consolidation of the asset mangement players. Apart from English and Cantonese, proficiency in Putonghua and the understanding of China culture will remain to be hiring requirements of growing importance.

As the sector continues to prioritise digital transformation, fintech investments in Hong Kong are expected to achieve a compound annual growth rate of 13.0% over the forecast period of 2018 - 2022, with fintech talent naturally high in demand2.

Competition in the banking and finance sector is expected to intensify with the arrival of new entrants. Besides the emerging crop of fintech start-ups, new virtual bank licenses issued by the Hong Kong Monetary Authority will bring telecommunications companies and more into the fray.

BANKING & FINANCE

7

1 Channel NewsAsia. (Jul 28, 2018). Commentary: Once the Pearl of the Orient, Hong Kong poised to regain its shine.2 Enterprise Innovation. (Oct 16, 2018). 2019 hurdles and opportunities to financial innovation.

Avg. Salary Increment

(Job Switch)

15%

15%

10%

10%

15-30%

With increasing urgency, traditional banks must reshape their approach to digitalisation to leverage fintech strategically. The industry is on the cusp of a tech hiring boom, with widespread demand for data scientists, developers and more. Among those dipping into a currently scarce local fintech talent pool are Chinese banks in Hong Kong, which are actively sourcing fintech strategists and consultants to guide them as they adopt new technologies.

For professionals seeking to hone their skills to tap on opportunities in a digitally charged finance industry, the time to take action is now. In a diverse technological landscape, skillsets and specialisations ranging from blockchain to big data, machine learning to artificial intelligence, will be much in demand for the future workforce.

As it has been the trend for the past few years, risk management professionals will continue to be high in demand.

Besides, we foresee a continued increase in hiring for contract staff, especially in middle to back-office support, from compliance, finance, customer service, IT, sales and marketing, human resources to general office administration.

The salary increment is expected to be 10 - 12% for job switchers, and 3 - 4% for natural progressions with their existing employers.

HOT JOBS FOR 2019:

Title

Portfolio Manager - Asset Management (AVP/ VP)

Relationship Manager

Treasury Accounting (VP)

Operations Settlement (VP)

KYC/ Client Onboarding (contract)

8

Consumer Banking - Front Office

Relationship Manager / Wealth Management

250k - 425k 425k - 560k 560k - 850k 850k - 1.2m 1.0m - 1.5m

Corporate Banking - Front Office

Relationship Manager 300k - 500k 500k - 750k 750k - 900k 900k - 1.2m 1.4m+

Trade Finance 400k - 500k 500k - 850k 900k - 1.2m 1.4m - 1.8m 1.8m+

Investment Banking - Front Office

Institutional Sales 600k - 850k 900k - 1.2m 1.4m - 1.8m 1.8m - 2.5m 2.5m+

Capital Markets - Front Office

Sales 300k - 550k 600k - 900k 1.0m - 1.5m 1.8m - 2.3m 2.5m+

Private Banking - Front Office

Relationship Management 650k - 850k 850k - 1.2m 1.2m - 1.5m 1.7m - 2.5m 2.5m+

Private Equity

Investment Consulting 600k - 800k 850k - 1.2m 1.2m - 1.5m 1.6m - 2.4m 2.5m+

Asset Management

Portfolio Management 550k - 700k 750k - 1.0m 1.6m - 2.0m 2.0m - 2.5m 2.8m+

Hedge Funds

Fund Management 550k - 650k 700k - 1.0m 1.2m - 1.5m 1.8m - 2.5m 2.8m+

Middle & Back Office / Financial Accounting

Operations - Settlement 320k - 380k 400k - 600k 650k - 850k 900k - 1.2m 1.2m+

Operations - Documentation 320k - 450k 550k - 650k 700k - 1.0m 1.0m - 1.2m 1.2m+

Operations - Trade Support 300k - 500k 500k - 900k 900k - 1.2m 1.5m - 2.0m 2.0m+

Financial Control / Reporting 300k - 500k 500k - 750k 800k - 1.0m 1.2m - 1.6m 2.0m+

Management Reporting 300k - 340k 350k - 750k 800k - 1.5m 1.5m - 2.0m 2.0m+

Internal Audit 300k - 480k 500k - 800k 900k - 1.5m 1.6m - 2.0m 2.0m+

Treasury Accounting 340k - 450k 500k - 800k 850k - 1.2m 1.2m - 1.5m 1.5m+

Product Control 280k - 440k 440k - 800k 900k - 1.2m 1.5m - 1.8m 2.0m+

Project Management 300k - 450k 500k - 750k 800k - 1.2m 1.5m - 2.0m 2.0m+

Risk & Compliance

Market Risk 320k - 480k 500k - 950k 1.0m - 1.5m 1.5m - 2.0m 2.0m+

Credit Risk 300k - 450k 480k - 850k 850k - 1.4m 1.5m - 1.8m 1.8m+

Operational Risk 280k - 550k 600k - 950k 1.0m - 1.5m 1.5m - 2.0m 2.0m+

Compliance / Anti-Money Laundering 300k - 550k 550k - 750k 800k - 1.2m 1.5m - 2.0m 2.0m+

Accounting & Finance

Financial & Regulatory Reporting 28k - 45k 45k - 70k 70k - 100k

Product Control & Valuation 28k - 40k 50k - 75k 75k - 100k

Finance Controller 35k - 60k 60k - 85k 85k - 120k

Governance

Compliance - AML/Surveillance 25k - 45k 50k - 90k 100k+

Compliance & Control Analyst 25k - 45k 50k - 90k 100k+

Business Operations

Client Servicing 20k - 40k 40k - 65k 65k - 90k

KYC/Client Onboarding 20k - 40k 40k - 70k 70k - 100k

Trade Support & Settlement 18k - 35k 35k - 50k 50k - 75k

Settlement 18k - 35k 40k - 60k 60k - 80k

Administrator 16k - 28k 28k - 50k 50k+

Business Specialist 15k - 28k 28k - 50k 50k+

Projects

Business Analyst 20k - 40k 45k - 75k 75k - 100k

Project Manager (CRM) 20k - 40k 40k - 65k 65k - 90k

Risk Management

Operational Risk 20k - 45k 45k - 70k 70k - 90k

OCCUPATION TITLE RANGE OF ANNUAL BASE SALARY (HKD)

Analyst Associate/ AVP/Manager

VP/Senior Manager

SVP/ Director

Executive Director/ Managing Director

BANKING & FINANCE (PERMANENT ROLES)

9

OCCUPATION TITLE RANGE OF MONTHLY BASE SALARY (HKD)

1 - 4 years 5 - 8 years 8+ years

BANKING & FINANCE (CONTRACT ROLES)

10

The future of work might be technology-enabled, but it will remain people-driven. As companies take technological adoption to dizzying heights, the bar will be raised on the skillsets required to facilitate this digital transformation.

Companies increasingly desire accountants who can help them reduce costs and boost productivity by adopting technology from the likes of big data, robotics and more. Accounting professionals who can value add with skillsets beyond basic accounting functions, such as advisory expertise on digitalisation and technological disruption, will be in favour.

Legal tech is emerging as 2019’s top trend within the industry, among both law firms and in-house legal teams. We believe legal tech will become ever-increasingly integral in the delivery of legal services; under mounting pressure to increase efficiency, in-house legal professionals too will want to readily embrace technology to ensure time better spent on work that requires specialised judgement and analysis.

With the growing progress of Belt and Road initiatives, legal professionals with strong mergers and acquisitions and project financing capabilities, as well as experience in compliance and regulatory

areas, will also be in high demand to support companies in their efforts to go global.Reskilling and upskilling employees will be instrumental as part of companies’ digital transformation efforts. HR professionals will be responsible for the integration of technology into learning and development channels, from introducing new digital tools to creating more dynamic and engaging learning platforms, to employing analytics on employee performance.

As HR professionals transform their company’s workforce to become future-ready, they themselves will not be left out in the cold. Technology has the potential to permeate every aspect of HR, including the use of artificial intelligence to recruit and identify candidates, implementing technology as part of the interview process, automating repetitive and routine functions, and beyond. We expect HR professionals to increasingly recognise the possibilites of digitalisation, adapt, and bring them to bear within their organisations.

We expect financial and HR professionals to command an average of 15% to 20% increment for job switches and an average of 5% to 8% for natural progressions. Meanwhile, contract staff hiring for corporate back office will continue to be active.

CORPORATE PROFESSIONALS (FINANCE/ LEGAL/ HR)


(Job Switch)

10 - 15%

10 - 15%

12 - 15%

10 - 15%

10 - 15%

12 - 18%

12 - 15%

HOT JOBS FOR 2019:

Title

Finance & Accounting

Financial Planning & Analysis

Finance Manager

Accountant

HR

HR Manager

Business Partner

Senior HR officer

Legal

Company Secretary

11 12

Financial Accounting

CFO 12 - 15+ 1.0m - 2.5m N/A

Director 10 - 15+ 1.0m - 1.5m N/A

Regional Controller 8 - 12+ 720k - 1.0m N/A

Controller 8 - 12+ 650k - 720k 60k - 80k

Finance Manager 5 - 10+ 550k - 650k 40k - 60k

Accountant - Accounting Manager 3 - 5+ 264k - 550k 20k - 45k

AP / AR Accountant 3 - 5+ 250k - 400k 20k - 45k

AP / AR Collection Specialist 3 - 5+ 250k - 480k 20k - 45k

Audit / Internal Control

Head of Audit 10 - 15+ 1.0m+ N/A

Internal Audit Manager 5 - 10+ 720k - 1.0m 50k - 80k

Internal Auditor 3 - 5+ 500k - 650k 38k - 50k

Management Accounting and Planning & Analysis

Head of Planning & Analysis 10+ 720k - 1.0m N/A

Manager 8 - 10+ 650k - 720k N/A

Senior Analyst 5 - 8+ 500k - 650k 45k - 70k

Analyst 3 - 5+ 320k - 550k 25k - 45k

Analyst (Data) 0 - 2 180k - 240k 18k - 25k

Treasury

Head of Treasury 8 - 10+ 1.0m+ N/A

Treasury Accountant 3 - 8+ 550k - 650k N/A

Treasury Specialist 3 - 8 360k - 720k 30k - 60k

CORPORATE PROFESSIONALS (FINANCE)OCCUPATION TITLE RANGE OF ANNUAL

BASE SALARY (HKD)

Experience (years) Permanent Positions Contract Positions

Lawyer (Qualified Solicitors only)

General Counsel 8+ PQE 1.0m - 1.5m

In House Counsel 4 - 7 PQE 1.0m - 1.5m

In House Counsel 1 - 3 PQE 550k – 800k

Paralegal

Paralegal 10+ 600k+

Paralegal 8+ 360k - 480k

Paralegal 4 - 7 220k - 360k

Paralegal 1 - 3 220k - 360k

Company Secretary

Named Company Secretary 5+ 800k - 1.0m

Company Secretary 5+ 500k - 800k

Company Secretarial Assistant 1 - 3 264k - 360K

CORPORATE PROFESSIONALS (LEGAL)OCCUPATION TITLE RANGE OF ANNUAL BASE SALARY (HKD)

Experience (years) Permanent Positions

RANGE OF MONTHLY BASE SALARY (HKD)

HR Generalist

Director 10 - 15+ 1.0m - 1.5m N/A

Regional Manager 8 - 12+ 600k - 1.0m N/A

Manager 5 - 10+ 480k - 720k 40k - 60k

HR Business Partner 5 - 8+ 336k - 540k N/A

HR Generalist/ Officer 3 - 5 260k - 360k 20k - 30k

HR Assistant 1 - 3 168k - 240k 15k - 20k

Compensation & Benefits

Director 10 - 15+ 1.0m+ N/A


Manager 5 - 10+ 450k - 720k 40k - 60k

Executive/ Officer 3 - 5+ 250k - 360k 20k - 30k

Talent Acquisition



Manager 5 - 10+ 450k - 720k 40k - 60k


Training & Development



Manager 5 - 10+ 450k - 720k 40k - 60k


Business Support

Office Manager 6 - 10 250k - 360k 36k - 50k+

Office Manager 3 - 5 250k - 360k 22k - 35k

Personal Assistant 6 - 10 360k - 420k 36k - 50k+

Personal Assistant 3 - 5 250k - 360k 22k - 35k

Executive Secretary 6 - 10 360k - 420k 36k - 50k+

Executive Secretary 3 - 5 250k - 360k 22k - 35k

Secretary 3 - 8 216k - 300k 18k - 30k

Administrative Manager 6 - 10 280k - 480k 36k - 50k+

Administrative Officer 4 - 8 240k - 360k 18k - 30k

Administrative Assistant 0 - 3 156k - 216k 13K - 17k

Driver 3 - 8 204k - 360k 18k - 35k+

Receptionist 0 - 5 168k - 300k 13k - 25k

Tea Lady 0 - 1 156k - 204k 12k - 15k

OCCUPATION TITLE

Experience (years) Permanent Positions

CORPORATE PROFESSIONALS (HR & ADMINISTRATION)

Contract Positions

RANGE OF ANNUAL BASE SALARY (HKD)

RANGE OF MONTHLY BASE SALARY (HKD)

13 14

General Management

General Manager (Regional) 15+ 1.5m+

General Manager (Country) 12+ 900k - 1.2m

Production Director (Regional) 12+ 1.2m - 1.5m

Production Manager 10 - 15 550k - 800k

Marketing Director (Regional) 12+ 700k - 1.0m

Marketing Manager 8 - 12 500k - 800k

Sales

Head of Sales (Regional) 15+ 800k - 1.2m

Sales Manager 8 - 15 480k - 720k

Sales Engineer 3 - 10 250k - 500k

Project Management

Project Director 15+ 1.1m - 1.5m

Project Manager 8 - 15 500k - 850k

Project Engineer 2 - 10 250k - 500k

Planning Engineer 2 - 10 350k - 800k

Safety and Environmental Officer 3 - 10 350k - 750k

Building Services

Building Services Manager 8 - 15 600k - 950k

Building Services Engineer 2 - 10 280k - 550k

OCCUPATION TITLE Experience (years) Range of Annual Base Salary (HKD)

INDUSTRIAL / BUILDING SERVICES

Quality

Quality Director (Regional) 15+ 800k - 1.1m

Quality Engineer 10 - 15 500k - 750k

Quality Engineer 5 - 10 300k - 600k

Supply Chain

Head of Supply Chain 18+ 1.2m - 1.5m

Supply Chain Director (Regional) 15+ 800k - 1.1m

Supply Chain Manager 8 - 15 600k - 800k

Planning Manager 8 - 15 500k - 650k

Distribution Manager 8 - 15 450k - 600k

Sr Supply / Demand Planner 5 - 10 360k - 500k

Planner 3 - 8 240k - 360k

Procurement

Procurement Director (Regional) 15+ 1.0m - 1.3m

Procurement Manager 8 - 15 580k - 850k

Materials Manager 8 - 15 580k - 850k

Manufacturing

Manufacturing Director 15+ 1.1m - 1.3m

Manufacturing Manager 8 - 15 600k - 900k

Manufacturing Engineer 2 - 10 250k - 500k


INDUSTRIAL

Industrial and ManufacturingSince ending on a high note in 2017, the Purchasing Managers’ Index has edged below the 50-point threshold. Raw material shortages are putting pressure on manufacturers’ supplier chains, causing supplier delivery times to lengthen at the steepest rate in over seven years1.

However, with the government taking active measures to transform Hong Kong into an international innovation centre, a positive outlook may lie ahead for the manufacturing industry. A HK$2 billion re-industrialisation funding scheme, established by the Hong Kong Productivity Council, is expected to expedite re-industrialisation by subsidising manufacturers looking to set up smart production lines in Hong Kong. A further HK$2 billion will be allocated for building advanced manufacturing facilities in industrial estates2.

These moves, coupled with Hong Kong’s strong intellectual property rights protection and a robust legal system, will serve as a strong draw for more factories to be established locally, and existing local manufacturers will want to tap on the scheme to upgrade their operations.

Talent will be key to fulfilling the promise of re-industrialisation and enabling the manufacturing industry to leap forward into Industry 4.0. We expect Automation Engineers, Robotics Engineers, Control Systems Engineers and Project Managers to be in demand, but the industry faces a skills crunch; drawing the next generation to join the sector remains an enduring challenge.

This year especially, high-end manufacturing will come into focus. Hong Kong has the right infrastructure, talent capabilities, business environment and legal system to support advanced manufacturing. We expect the government’s expedition of re-industrialisation to help accelerate development of the advanced manufacturing sector. Companies will increasingly look to train their staff to apply cutting-edge technologies, robotics and more.

Employees well-versed in skillsets required for intelligent manufacturing could find overseas employment opportunities available to them, as manufacturers look for support to run factories in mainland China and Southeast Asia.

Building and InfrastructureThe line-up of commissioned transport and infrastructure projects in Hong Kong will at different project stages call for engineers of different focus. In general, the civil engineers, electrical & mechanical engineers, building and structural engineers, and green/ environmental engineers will be in demand. The ongoing Kai Tak redevelopment project, West Kowloon Cultural District development project, Greater Bay Area development project with Shenzhen are some of the big infrastructural projects in the planning pipeline. Meanwhile, hiring originating from new residential developments will remain stable and constant.

We expect to see salary increment of 8% to 10% for job switches, and 6% to 8% for natural progressions.

ENGINEERING

15


(Job Switch)

10 - 15%

15 - 20%

15 - 20%

HOT JOBS FOR 2019:

Title

Sales Manager (Industrial or Building)

Project Engineer (Industrial or Building)

Building Service Engineer (Industrial or Building)

1 FocusEconomics. (Nov 5 2018). Hong Kong: Business conditions deteriorate at a softer pace in October. 2 HKPC. (Oct 11 2018). HKPC Takes Hong Kong Industries Further Towards i4.0 and Reindustrialisation with

Significant Global and Local Partnerships in the Digital Era.

16

HR Generalist

Managing Director 15+ 1.5m+

General Manager 10+ 1.2m+

Sales and Operation

Business Development Director / Sales Director 10+ 800k - 1.3m+

Business Development Manager / Sales Manager 6+ 400k - 800k

Business Development Executive / Sales Executive 3+ 200k - 350k

Regional Sales Director 10+ 850k - 1.5m+

Regional Sales Manager 6+ 500k - 850k

Regional Sales Executive 3+ 240k - 400k

Key Account Director 10+ 550k - 900k

Key Account Manager 6+ 400k - 600k

Key Account Executive 3+ 200k - 350k

Trade Marketing Director 10+ 800k - 1.3m+

Trade Marketing Manager 6+ 450k - 800k

Trade Marketing Executive 3+ 220k - 360k

Marketing

Marketing Director 8+ 720k - 1.0m+

Marketing Manager 5+ 420k - 700k

Marketing Executive 3+ 220k - 390k

Senior Brand Manager / Senior Product Manager 7+ 520k - 780k

Brand Manager / Product Manager 5+ 380k - 520k

Assistant Brand Manager / Assistant Product Manager 3+ 300k - 380k

CRM Director 8+ 720k - 1.0m+

CRM Manager 5+ 420k - 720k

CRM Executive 3+ 260k - 400k

Digital Marketing Director 8+ 900k - 1.0m+

Digital Marketing Manager 5+ 420k - 720k

Digital Marketing Executive 3+ 260k - 400k

PR / Communications Director 8+ 700k - 1.0m+

PR / Communications Manager 5+ 400k - 600k

PR / Communications Executive 3+ 250k - 400k

Events Director 8+ 700k - 1.0m+

Events Manager 5+ 400k - 550k

Events Executive 3+ 200k - 350k


FAST-MOVING CONSUMER GOODS (FMCG)

Elsewhere around the world, where digitisation is bringing new conveniences to consumers, Hong Kong’s consumers can be said to already be living in an age of convenience. With the city’s high density, reliable public transportation and brick and mortar stores in close proximity, meaning FMCG products are within easy access, consumers have been slower to warm up to online shopping.

Online shopping for consumer goods in Hong Kong is also not entirely frictionless; limited delivery window periods, higher minimum orders and a narrow variety of products are potential reasons for consumers’ reluctance to shop online.

Now, as companies look to increase their investments in e-commerce and online sales operations to remove these barriers, we expect e-commerce to steadily become indispensable in consumers’ daily lives and a significant platform for FMCG players.

While Hong Kong lags in the adoption of cashless payments, mobile wallet is rapidly gaining in popularity, especially with consumers increasingly using them in supermarkets and convenience stores. Providing a means for easy and secure purchase, e-wallets or mobile wallets are contributing significantly to the advance of e-commerce in Hong Kong. Yet, companies cannot compete on convenience alone.

Crucially, FMCG players will want to refine their strategies to enable a more seamless customer

experience, taking an omni-channel approach to win across both physical and online fronts.

Creating an unmatched customer experience is essential. This may include offering unique product ranges, personalised product recommendations, value for money deals, and flexible delivery and return options.

Reflecting the trend towards omni-channel strategies to drive sales, we expect continued high demand for data analysis and digital marketing professionals to support the implementation of fully integrated strategies across platforms.

With over 30% of online shoppers in Hong Kong looking for more interactions with their favourite brands on social media1, opportunities abound for FMCG companies looking to create and maintain meaningful relationships with consumers. We expect demand for social media and content specialists to grow, as companies selling FMCG online seek to strengthen their social media strategies to increase engagement and opportunities for meaningful interactions.

Companies will also see a need to strengthen their employees’ softer skills such as teamwork and communication, which are necessary complements to digital expertise.

We expect 5% to 15% salary increment for job switches, with hot roles commanding a few percentage more.

FAST-MOVING CONSUMER GOODS (FMCG)


(Job Switch)

15%

15%

10%

10%

HOT JOBS FOR 2019:

Title

Digital Marketing Manager

Trade Marketing Manager

Key Account Manager

Regional Sales Manager

1 IMS. (Nov 8, 2019). Unlock Opportunities to Sell FMCG Online in Hong Kong.

17 18

Sales & Marketing

Sales Director (Regional) 15+ 800k - 1.2m

Sales Manager 5+ 450k - 650k

Marketing Director 15+ 900k - 1.3m


R&D

R&D Director 15+ 1.0m - 2.0m

Clinical Research Manager 7+ 350k - 650k

Clinical Project Manager 5+ 250k - 500k

Others

Medical Affairs Manager 8+ 350k - 600k

Product Manager 5+ 400k - 800k

Regulatory Manager 8+ 350k - 800k

Quality Manager 6+ 250k - 500k

Customer Services Manager 10+ 500k - 700k


PHARMACEUTICAL

Sales & Marketing

Sales Director 12+ 900k - 1.3m

Sales Manager 5+ 450k - 650k

Marketing Director 15+ 800k - 1.3m


Engineering

Principle Hardware Engineer 10+ 720k - 840k

Senior Hardware Engineer 5 - 8 660k - 720k

Principle Firmware Engineer 10+ 550k - 675k

Senior Firmware Engineer 5 - 8 492k - 612k

Technical Service Engineer 3 - 5 250k - 360k

Product



Q&A Manager 8+ 250k - 550k



MEDICAL DEVICES

Supply Chain



Q&A Manager 8+ 250k - 550k



PHARMACEUTICAL / MEDICAL DEVICES

Hong Kong’s population enjoys the longest life expectancy in the world1, a testament to the strength of the sector and a sign of its high growth potential.

Today, healthcare remains an important priority to both the government and its people alike. Biotechnology has been identified as a key area of development by the Hong Kong government. To address the population’s growing medical needs, the government has also increased recurrent expenditure on healthcare by an average of 7% over the past decade2.

At the same time, with an ageing population and health-consciousness entering the mainstream, demand for medical and home healthcare equipment is on the rise, presenting opportunities for companies to innovate new technology-enabled medical devices and services.

With the government ramping up investments in biotechnology innovation in 2018, including funding for collaborations between internationally renowned research institutes and local institutions

on biotechnology, AI and robotics research and development projects, we can expect greater demand for skilled local professionals.

Innovation and technology experts in the fields of pharmaceutical and life sciences/biotechnology, data engineering and materials science/nanotechnology will be especially sought after.

Traditional Chinese medicine (TCM) is an emerging market segment within Hong Kong’s healthcare ecosystem, and has been earmarked for growth. Hong Kong’s first Chinese medicine hospital is on track to become a reality, backed by the government’s push to prepare Chinese medicine for international development.

We expect local practitioners to be high in demand. Furthermore, with the hospital serving as a training ground and development centre, practitioners will benefit from opportunities to enhance their skillsets.

Job-switch salary increment will be between 8% and 13%, and 4% and 5% for natural progressions.

HEALTHCARE & LIFE SCIENCES


(Job Switch)

15%

15%

10%

HOT JOBS FOR 2019:

Title

Marketing Manager – Pharmaceutical / Medical Devices

Sales Manager – Pharmaceutical / Medical Devices

Customer Services Manager – Pharmaceutical / Medical Devices

19

1 Hong Kong Business. (Nov 21, 2018). Hong Kong pin hopes on healthcare industry as economy weakens: survey. 2 Hong Kong Business. (Sep 26, 2018). Hong Kong’s healthcare system beats Singapore as the world’s most efficient: Bloomberg.

20

Information TechnologyFintech, insurtech, legaltech and e-logistics are among some tech neologisms that are creating rapid demands for tech specialists in Hong Kong, particularly those with expertise in blockchain, cybersecurity, artificial intelligence and big data.

Government investments are also expected to open up employment opportunities and provide more competitive salaries for IT professionals, marking an excellent time for professionals who aspire to transition into or join the sector.

On the flipside, the current skills shortage and tightening talent market will create stiff competition for talent, and not just within Hong Kong; startups in particular will face strong challenges from locally based technology giants, as well as companies based in mainland China.

In a welcome move to shore up demand for talent, the Hong Kong government has launched the Technology Talent Admission Scheme to fast-track the admission of overseas IT talent and simultaneously nurture local talent, which should help alleviate the manpower crunch in the next few years.

Among Hong Kong’s larger corporations, 85% have increased their digital investment in 2018 and further investment increases are on the cards for 93% of them over the next two years1. We expect that

senior level professionals with digital expertise will be well sought after to spearhead companies’ digital transformation efforts.

We expect the salary increment for job switchers to be 10% to 15% for permanent positions, and 20% to 30% for junior contractors with work experience of less than eight years. Those who stay in the same company for natural progressions will have salary increment of 5% to 8%.

TelecommunicationsHong Kong’s telecommunications sector is among the world’s most advanced with exceptionally high mobile and broadband penetration rates. Already more or less saturated with four major players, competition in the local mobile market is being shaken up by the disruptive presence of Hong Kong Broadband Network as a mobile virtual network operator, which challenges the industry’s traditional business model.

Now, the way forward for industry players lies in service differentiation; to compete mobile operators will be increasingly compelled to develop new initiatives, such as online platforms and Internet of Things (IoT) businesses, to add new revenue streams and retain existing customers.

With companies in different industries entering new (and crossing each other’s) fields, we can similarly expect the war for talent to intensify, its battles being waged across various fronts.

INFORMATION TECHNOLOGY & TELECOMMUNICATIONS

21

1 Marketing Interactive. (Apr 10, 2018). Google: Hong Kong is lagging far behind on digitalisation.


(Job Switch)

25 - 30%

25 - 30%

20%

15 - 20%

15 - 20%

Expected to be an early adopter of 5G, Hong Kong’s 5G network could be ready as soon as 2020. When 5G takes off, it will unleash an IoT ecosystem of unprecedented speed and scale, where networks can enable high-speed connections with billions of devices – a necessity for Hong Kong to take a leap forward towards its smart city vision.

This spells massive business opportunities and yet competitive threats for Telecommunications, Media and Entertainment (TME) companies. We can expect them to move with urgency in 2019 as they prepare to develop and market products and services ahead of 5G commercialisation.

With the 5G evolution underway, cloud-proficient talent will be highly sought as more industry players are expected to move their networks to the cloud.

While land shortages may drive up costs, Hong Kong remains a preferred market for data centre investments in the foreseeable future, thanks to its stable and pro-business environment, and we expect data centre professionals to be high in demand.

We expect to see salary increment of 8% to 10% for job switches, and 7% to 8% for natural progressions.

HOT JOBS FOR 2019:

Title

Blockchain Developer

Programmer

Data Architect

Business Analyst

IT Audit / Security

22

Executive / General Management

CIO / CTO 15+ 2.5m - 3.0m 1.8m - 2.2m N/A N/A

Head of IT (Regional) 12 - 15 1.2m - 1.8m 1.0m - 1.6m N/A N/A

Head of IT 10 - 15 900k - 1.5m 720k - 1.2m N/A N/A

Service Delivery Manager 10 - 15 720k - 1.2m 720k - 800k 900k - 1.2m 700k - 950k

IT Manager 8 - 12 720k - 1.2m 720k - 800k 600k - 950k 600k - 800k

Project Management

Program Manager 10 - 15 900k - 1.3m N/A 450k - 600k 400k - 550k

Project Manager 8 - 12 800k - 1.5m 600k - 900k 700k - 900k 600k - 800k

Business Analyst 8 - 12 800k - 1.5m 600k - 900k 550k - 750k 500k - 650k

Project Management Officer 8 - 12 600k - 900k 400k - 720k 550k - 750k 500k - 650k

Project Analyst 5 - 8 300k - 500k 240k - 360k 400k - 500k 300k - 450k

Solution Architect 8 - 12 900k - 1.3m 600k - 900k 600k - 950k 500k - 800k

Infrastructure

Network Specialist 5 - 8 540k - 720k 450k - 600k 480k - 600k 400k - 600k

Network Specialist 3 - 5 420k - 540k 360k - 460k 350k - 500k 300k - 400k

Storage Specialist 5 - 8 540k - 720k 450k - 600k 500k - 650k 400k - 650k

Storage Specialist 3 - 5 420k - 540k 360k - 460k 400k - 550k 300k - 450k

Database Administrator 5 - 8 540k - 720k 450k - 600k 450k - 700k 400k - 600k

Database Administrator 3 - 5 420k - 540k 360k - 460k 350k - 500k 300k - 450k

Helpdesk Specialist 5 - 8 420k - 540k 360k - 460k 400k - 550k 300k - 450k

Helpdesk Specialist 3 - 5 360k - 480k 300k - 480k 280k - 420k 200k - 350k

System Adminstrator 5 - 8 540k - 720k 450k - 600k 500k - 700k 420k - 520k

System Adminstrator 3 - 5 420k - 540k 360k - 460k 320k - 520k 300k - 460k

IT Audit / Security 5 - 8 540k - 720k 420k - 540k 420k - 650k 360k - 550k

IT Audit / Security 3 - 5 300k - 540k 300k - 460k 300k - 480k 260k - 400k

Software / Application Development

Application Manager 8 - 12 700k - 1.0m 600k - 800k 550k - 750k 520k - 700k

System Analyst 5 - 8 540k - 720k 480k - 600k 450k - 650k 450k - 600k

Analyst Programmer 2 - 5 360k - 540k 300k - 420k 320k - 580k 300k - 500k

Programmer 0 - 2 240k - 400k 200k - 350k 240k - 480k 240k - 330k

Application Support 3 - 5 500k - 700k N/A 360k - 650k 300k - 600k

Trade Floor Support 3 - 5 550k - 800k N/A 420k - 600k N/A

Data Analysis

Data Architect 10+ 1.0m+ 900k+ 500k - 650k 500k - 550k

Snr Data Scientist 8 - 10 800k - 1.0m 720k - 900k 550k - 700k 550k - 650k

Data Scientist 5 - 8 730k - 800k 660k - 720k 320k - 600k 320k - 580k

Machine Learning Specialist 3 - 5 600k - 720k 540k - 660k 300k - 480k 300k - 480k

AI Specialist 3 - 5 528k - 660k 480k - 600k 300k - 480k 300k - 480k


Experience (years)

Banking Non-Banking Banking Non-Banking

INFORMATION TECHNOLOGY & TELECOMMUNICATION

Permanent Positions Contract Positions

Blockchain

Solutions Architect 10+ N/A 1.2m - 1.5m 500k - 700k 500k - 600k

Backend Developer 3 - 5 420k - 540k 360k - 456k 300k - 600k 300k - 600k

Project Manager 10+ N/A 1.0m - 1.2m N/A N/A

Cloud Technology

Solution Architect 10+ N/A 1.2m - 1.5m 500k - 650k 500k - 550k

Solution Consultant 3 - 5 N/A 450k - 600k 550k - 700k 550k - 650k

Product Manager 5 - 8 N/A 500k - 800k N/A N/A

Infrastructure Engineer 5 - 7 N/A 540k - 720k N/A N/A

e-Commerce / m-Commerce

Head of e-Commerce 12+ N/A 1.5m N/A N/A

Technical Manager 8 - 12 N/A 800k - 1.2m N/A 550k - 900k

Application Manager 8 - 12 N/A 750k - 1.0m N/A 550k - 850k

Director of Loyalty 8 - 12 N/A 1.3m - 1.7m N/A N/A

Loyalty Manager 5 - 10 N/A 700k - 900k N/A N/A

Product Manager 5 - 8 N/A 500k+ N/A N/A

Product Analyst 3 - 5 N/A 350k - 480k N/A N/A

CRM / Data Analyst 5 - 8 N/A 450k - 700k N/A N/A

Online Merchandising Manager 5 - 8 N/A 360k - 600k N/A N/A

Information Architect 5 - 8 N/A 480k - 720k N/A N/A

SEO / SEM 5 - 8 N/A 540k - 720k N/A N/A

UX / UI Specialist 5 - 8 N/A 420k - 600k N/A 400k - 500k

Mobile Apps Architect 10+ N/A 800+ 500k - 750k 500k - 700k

Mobile Apps Developer 3 - 5 N/A 450+ 350k - 650k 350k - 600k

Mobile Apps Developer 1 - 3 N/A 300k - 450k 200k - 400k 200k - 350k

Graphic Designer 5 - 8 N/A 300k - 550k N/A 220k - 450k


Experience (years)

For Financial Institutions

For Commercial


For Commercial

INFORMATION TECHNOLOGY & TELECOMMUNICATION


IT Sales

Regional Sales Director 15+ 2.0m+ 1.5m+ N/A N/A

Business Development Manager (Regional)

8 - 12 1.2m - 2.0m 800k - 1.2m N/A N/A

Business Development Manager 8 - 12 900k - 1.2m 700k - 1.0m N/A N/A

Business Development Manager 5+ N/A 600k+ N/A N/A

Business Development Manager 3 - 5 N/A 400k - 550k N/A N/A

Pre-sales Consultant (Regional) 8 - 12 1.0m - 1.5m 800k - 1.2m N/A 650k - 950k

Pre-sales Consultant 5+ N/A 700k+ N/A N/A

Pre-sales Consultant 3 - 5 400k - 800k 400k - 700k N/A 350k - 600k

Pre-sales Consultant 1 - 3 N/A 300k - 420k N/A N/A

Account Manager 2 - 5 N/A 300k - 550k N/A N/A

Account Manager 1 - 2 N/A 220k - 300k N/A N/A

Sales Manager 3+ N/A 500k+ N/A N/A

Sales Manager 1 - 3 N/A 300k - 500k N/A N/A


For Commercial


For Commercial


Experience (years)

23 24

The rising protectionist sentiments, brought about by Brexit and the U.S. government, has provided opportunities for the up-and-coming mainland Chinese and Asian companies to acquire established Hong Kong and APAC insurance operation as a means to realise their global plans. We foresee the Chinese and Asian companies will continue to be active hirers.

As for the foreign companies, the IFRS17 model has emerged as the global consistent standard of accounting for insurance contracts. IFRS17 requires a holistic approach affecting products, systems and reporting process. To abide to the standard, many international companies are strengthening their legal teams and have been hiring Heads of Legal, Legal Counsels and Legal Secretaries since the end of 2018. Magic circle solicitors with previous experience in dealing with personal injury litigated matters, and experienced insurance lawyers are sought after.

At the local front, the keen insurance companies, supported by policies such as Insurtech Sandbox and Fast Track, are enabled to test their new

insurance technology under a controlled environment. We expect more companies to follow the digitalisation pathway after Blue and OneDegree, by either increasingly blending technology with traditional insurance products, or forging alliances with the newcomers – Insurtech start ups – and partners to get and stay ahead. We certainly look forward to more new entrants shaking up the market.

As companies seek to unleash insurtech’s full potential, we expect professionals with specialised digital skillsets to be hot in demand. Skillsets in digital marketing, actuary modelling, online claims and legal technology will be sought after. With digitisation underway, the sales agent pool will continue to shrink while customer service professionals will have an uprise in demand. Overall, we foresee the insurance hiring market to be active in both life and general insurance companies.

We expect to see salary increment of 18% to 23% for those switching jobs, and 4% to 5% for natural progression.

INSURANCE

25


(Job Switch)

21 - 25%

15 - 20%

20 - 25%

HOT JOBS FOR 2019:

Title

Head of Legal

Head of Customer Experience


Underwriting

Regional Head 10+ 1.3m - 1.8m 1.2m - 1.7m 1.4m - 1.9m+ 1.2m - 2.0m

Regional Manager 10+ 800k - 1.4m 800k - 1.4m 800k - 1.3m 900k - 1.3m

Head of Department 8 - 10 900k - 1.4m 700k - 1.3m 700k - 1.3m 700k - 1.1m

Manager 6 - 8 500k - 800k 500k - 700k 600k - 900k 500k - 800k

Claims

Regional Head 10+ 1.2m - 1.6m 1.2m - 1.6m 1.2m - 1.6m 1.0m - 1.5m

Regional Manager 7 - 10+ 900k - 1.3m 800k - 1.2m 800k - 1.3m 800k - 1.2m

Head of Department 8 - 10+ 800k - 1.3m 800k - 1.1m 700k - 1.2m 700k - 1.2m


Actuary (Qualified)

Department Head 10+ 1.7m+ 1.5m+ 1.5m+ 1.4m+

Manager / Senior Manager 6 - 10 600k – 1.3m 800k – 1.3m 900k – 1.4m 800k – 1.3m

Assistant Manager 3 - 6 400k – 600k 400k – 800k 400k – 800k 400k – 800k

Analyst / Senior Analyst 1 - 3 100k – 400k 100k – 400k 100k – 400k 100k – 400k

Business Development / Sales

Business Development Director 10+ 1.3m - 1.7m 1.1m - 1.5m 1.0m - 1.4m 950k - 1.7m

Senior Manager 8 - 10 650k - 1.0m 650k - 950k 650k - 1.0m 720k - 1.1m


Compliance

Regional Head 10+ 1.5m - 2.0m 1.5m - 2.0m 1.2m - 2.0m 1.2m - 1.9m

Regional Manager 7 - 9 500k - 900k 700k - 900k 600k - 900k 600k - 900k

Head of Department 8 - 10 900k - 1.3m 900k - 1.3m 900k - 1.5m 900k - 1.5m


Marketing

Head of Marketing 10+ 1.2m - 2.0m 1.2m - 1.8m 1.2m - 1.7m 1.2m - 1.7m

Senior Manager 8 - 10 600k - 800k 500k - 700k 600k - 800k 500k - 850k

Manager 6 - 8 400k - 700k 400 - 700k 400 - 700k 400 - 600k

Accounting / Finance

CFO 10+ 1.8m+ 1.5m+ 1.8m+ 1.5m - 2m

Regional Manager 8 - 10+ 1.1m - 1.5m 1.1m - 1.5m 1.1m - 1.5m 1.1m - 1.5m

Comptroller 7 - 10+ 800k - 1.3m 800k - 1.3m 800k - 1.3m 800k - 1.3m


Operations

COO 10+ 1.8m - 3.0m 1.5m - 2.5m 1.8m - 3.0m 950k - 1.5m

Regional Manager 8 - 10+ 800k - 1.0m 700k - 900k 800k - 1.0m 600k - 800k

Head of Operations 10+ 1.2m - 1.6m 1.0m - 1.5m 1.2m - 1.6m 800k - 1.0m


Customer Service / Customer Experience

Head of Customer Service 10+ 900k - 1.2m 900k - 1.2m 900k - 1.2m 900k - 1.2m

Senior Manager 10+ 720k - 960k 720k - 960k 720k - 960k 720k - 960k

Customer Service Manager 8 - 10 540k - 660k 540k - 660k 540k - 660k 540k - 660k


Experience (years)

Life Non-Life Re-Insurance Broking

INSURANCE (PERMANENT ROLES)

26

Policy Administration

Department Head 10+ 950k - 1.4m 950k - 1.4m 950k - 1.4m 950k - 1.4m

Senior Manager 8 - 10+ 720k - 960k 720k - 960k 720k - 960k 720k - 960k


Product Development

Department Head 10+ 1.7m+ 1.5m+ 1.5m+ 1.4m+

Manager / Senior Manager 6 - 10 600k – 1.3m 800k – 1.3m 900k – 1.4m 800k – 1.3m

Assistant Manager 3 - 6 400k – 600k 400k – 800k 400k – 800k 400k – 800k

Analyst / Senior Analyst 1 - 3 100k – 400k 100k – 400k 100k – 400k 100k – 400k

Legal

Chief Legal Officer 10+ 1.5m - 2.0m 1.5m - 2.0m 1.2m - 2.0m 1.2m - 1.9m

Head of Legal 8 - 10+ 500k - 900k 700k - 900k 600k - 900k 600k - 900k

Legal Counsel 7 - 9 900k - 1.3m 900k - 1.3m 900k - 1.5m 900k - 1.5m

Auditing

Head of Auditing 10+ 1.5m - 2.0m 1.5m - 2.0m 1.2m - 2.0m 1.2m - 1.9m

Senior Manager 10+ 500k - 900k 700k - 900k 600k - 900k 600k - 900k

Manager 8 - 10+ 900k - 1.3m 900k - 1.3m 900k - 1.5m 900k - 1.5m

Partnership Distribution

Head 10+ 1.2m - 1.8m 1.2m - 1.8m N/A N/A

Associate Director 8 - 10+ 720k - 1.0m 720k - 1.0m N/A N/A

Senior Manager 8 - 10 660k - 900k 660k - 900k N/A N/A

Manager 7 - 10 480k - 660k 480k - 660k N/A N/A

Agency Distribution

Chief Agency Officer 10+ 2.0m - 3.0m 2.0m - 3.0m N/A N/A

Director of Agency 10+ 900k - 1.2m 900k - 1.2m N/A N/A

Associate Director 8 - 10+ 780k - 850k 780k - 850k N/A N/A



Training & Development

Head of Training/ L&D 10+ 1.2m - 1.8m 1.2m - 1.8m N/A N/A




Experience (years)


INSURANCE (PERMANENT ROLES)

27

Underwriting

Regional Head 10+ 100k - 150k 108k - 140k N/A N/A

Regional Manager 10+ 66k - 116k 66k - 116k N/A N/A

Head of Department 8 - 10 58k - 108k 58k - 108k N/A N/A


Claims

Regional Head 10+ 95k - 130k 95k - 130k N/A N/A

Regional Manager 7 - 10+ 75k - 108k 75k - 100k N/A N/A

Head of Department 8 - 10+ 66k - 91k 66k - 91k N/A N/A


Actuary (Qualified)

Department Head 10+ 140k+ 125k+ 125k+ 125k+

Manager / Senior Manager 6 - 10 50k - 108k 50k - 108k 50k - 110k 50k - 108k

Assistant Manager 3 - 6 33k - 50k 33k - 60k 33k - 66k 33k - 66k

Analyst / Senior Analyst 1 - 3 10k - 33k 10k - 33k 10k - 33k 10k - 33k

Compliance

Head of Department 8 - 10 75k - 108k 75k - 108k N/A N/A


Marketing

Head of Marketing 10+ 75k - 125k 75k - 115k 75k - 125k 75k - 115k

Senior Manager 8 - 10 50k - 66k 50k - 58k 55k - 66k 50k - 66k


Accounting / Finance


Operations


Customer Service

Customer Service Manager 8 - 10 45k - 55k 45k - 55k 45k - 55k 45k - 55k

Policy Administration


Legal

Legal Counsel 7 - 9 75k - 108k 75k - 108k 75k - 125k 75k - 108k

Auditing

Manager 8 - 10+ 75k - 100k 75k - 100k 75k - 125k 75k - 125k

Partnership Distribution

Head of Distribution 10+ N/A N/A N/A N/A

Associate Director 8 - 10+ N/A N/A N/A N/A

Senior Manager 8 - 10 N/A N/A N/A N/A


Agency Development

Head of Training 10+ N/A N/A N/A N/A

Associate Director 8 - 10+ N/A N/A N/A N/A

Senior Manager 8 - 10 N/A N/A N/A N/A


OCCUPATION TITLE RANGE OF MONTHLY BASE SALARY (HKD)

Experience (years)


INSURANCE (CONTRACT ROLES)

28

Executive Management

Managing Director 15+ 1.2m+

General Manager 10+ 1.0m+

Sales and Operation

Head of Retail (Regional) 12+ 1.5m+

Head of Retail 10+ 1.0m+

Retail Director (Regional) 8+ 1.2m+

Retail Director 8+ 1.0m+

Retail Manager (Regional) 8+ 700k - 975k

Retail Manager 8+ 550k - 780k

Area Manager 5+ 360k - 585k

Store Manager 6+ 325k - 650k*

Supervisor 5+ 286k - 390k*

Retail Sales 1+ 156k - 325k*

Wholesale Manager (Regional) 8+ 650k - 1.0m+*

Wholesale Manager 5+ 494k - 650k*

Travel Retail Director 8+ 1.0m+

Travel Retail Manager 5+ 450k - 715k

Sales Manager (Regional) 5+ 585k - 1.0m+

Sales Manager 5+ 455k - 650k*

Sales Executive 3+ 260k - 390k*

Marketing

Marketing Director 8+ 754k - 1.0m+


Marketing Executive 3+ 222k - 390k

Brand Manager 8+ 520k - 780k

CRM Manager 5+ 455k - 1.0m+

CRM Executive 3+ 264k - 390k

Customer Service Manager 8+ 390k - 780k

Customer Service - Team Leader 5+ 264k - 360k

Customer Service Executive 3+ 200k - 364k

Digital Marketing Director 8+ 800k - 1.0m+

Digital Marketing Manager 5+ 520k - 840k

Digital Marketing Executive 3+ 330k - 450k

PR / Communications Manager (Regional) 5+ 540k - 780k

PR / Communications Manager 5+ 390k - 585k

Merchandising / Buying

Merchandising / Buying Manager 8+ 650k - 845k

Merchandiser / Buyer 5+ 320k - 500k

Store Design

Head of Visual Merchandising 10+ 900k - 1.0m+

Visual Merchandising Manager 5+ 585k - 715k

Visual Merchandising Executive 3+ 260k - 350k

Store Planning Director 8+ 715k - 1.0m+

Store Planning & Design Manager 5+ 420k - 780k

Store Design Executive 3+ 204k - 390k


RETAIL

At the onset of 2018, retail lifted off strong. Recording its first annual growth since 2013, the retail sector went on to a stellar double-digit growth streak through the first half of the year1.

While the tide appears to have turned in the interim – with mounting US-China tensions and a weaker yuan, which will have Hong Kong’s retailers bracing for dampened sales – the sector is poised to ride out the storm. Analysts expect the sector to rebound to a steady state of growth, with Retail Sales growing by 8.8% in 20182.

We expect the completion of cross-border infrastructure in the near term, namely the Guangzhou cross-border express rail link and Hong Kong-Zhuhai-Macau bridge, to sustain the expansion of mainland tourism and retail sales in the city, offsetting the impact of trade tensions.

If 2018 was the year Hong Kong retailers gained a foothold in digital, we can expect 2019 to be the year digital retail matures. E-commerce, data analytics, electronic and mobile payments will see wider adoption as retailers increasingly seek to

enhance the consumer experience.

This does not spell the end for traditional brick and mortar. In fact, we see physical and digital retail becoming more closely intertwined, as experiential and personalised shopper experiences come into vogue.

An abundance of data is now at retailers’ fingertips. The challenge for retailers lies in investing in the right tools and resources – especially data analytics and e-marketing talent – to help make sense of it all, and translate this data into the bottom line.

Besides digital skillsets such as Google Analytics/Adwords, SEO/SEM and social media channels, which rank high on retailers’ employee-most-wanted lists, soft skills such as teamwork and communication will also be seen as valued and necessary complements to digital expertise.

We expect the salary increment to be 10% to 20% for job switchers, and 3% to 8% for those who stay in the same company for natural progressions.

RETAIL

29


(Job Switch)

15%

10%

10%

10%

HOT JOBS FOR 2019:

Title


CRM Manager

Merchandiser / Buyer

Retail Manager

1 SCMP. (Aug 1, 2018). Hong Kong retail sector posts ‘ideal’ 13pc growth but US-China trade war squeeze looms.2 SCMP. (Jan 30, 2019). Hong Kong retail sales jump 8.8 per cent to US$62.2 billion in 2018 but industry body warns

US-China trade war may mean leaner times are ahead.

30*Commission not included

Kelly Services Hong Kong Limited(A PERSOLKELLY® Company)

6/F, Tower 2, The Gateway, 25 Canton RoadTsimshatsui, Kowloon, Hong KongTel: (852) 2281-0000Email: [email protected] with us on LinkedIn, Facebook and Instagram

©2019 Kelly Services Hong Kong, Ltd. All Rights Reserved.

Documents

COMPANY OVERVIEW - CTgoodjobs › article_files › ... · practice is a global leader in enterprise-wide recruiting, placement, and retention — which efficiently sources and matches