HR professionals to expect 10% salary raise

Startups generate demand for HR jobs as their businesses scale.

Human resource professionals in Hong Kong have a reason to celebrate as they are projected to expect 10% salary rise, according to a Robert Walters salary survey.

HR specialists in compensation and benefits, learning and development will continue to be key hires in 2018 as companies look to grow their businesses by acquiring the best talent.

The survey noted that sourcing companies and start-ups have been increasingly turning to hiring HR professionals as their businesses scale.

However, in the financial services sector, senior positions including HR directors have been increasingly available on a contract basis as banks attempt to manage business volatility and maintain cost-revenue ratio.

The survey noted that the Hong Kong hiring market in 2017 has been fairly slow as only a few sectors are actively looking to increase headcount such as multinational insurance providers.

Hiring outlook is likely to retain its sluggish pace for the next year as only critical HR roles are urgently needed for recruitment as companies are choosing to invest more in strategies to retain their talent.

Robert Walters therefore recommends that human resources professionals step up their game by developing in-demand skill sets such as compensation and benefits and business partnering.

They are also encouraged to be able to implement efficient recruitment processes and flexible in their hiring criteria.