Welcome!

News Feed Item

Focus on Performance-related Pay: 2013 Hays Asia Salary Guide

Tokyo, Feb 6, 2013 - (ACN Newswire) - About half of the employers in Japan gave a salary increase of less than 3 per cent last year and candidates can expect more of the same this year, according to the Hays Asia Salary Guide.

The 2013 Hays Asia Salary Guide, out now, reveals salary and recruiting trends for 1,200 roles across Hong Kong, China, Singapore, Malaysia and Japan and was based on a survey of 1,200 employers, as well as placements made by Hays.

According to the Hays Asia Salary Guide, 47 per cent of employers gave a salary increase of less than 3 per cent and 28 opted not to give an increase at all. 16 per cent increased salaries between 3 and 6 per cent and 4 per cent gave increases of 6 to 10 per cent. Five per cent raised salaries by 10 per cent.

Looking ahead, 59 per cent intend to give increases of less than 3 per cent, while 20 per cent of employers are expecting 3 to 6 per cent salary increases. 4 per cent will give a pay rise of more than 6 per cent and 2 per cent will consider a raise of more than 10 per cent when they next review. 15 per cent expect to give no increase at all.

"However, the Salary Guide reveals 91 per cent of employers in Asia expect to award a bonus this year - that's up on last year's figure of 87 per cent, which could be why we are seeing a trend of low salary increases in Japan," says Jonathan Sampson, Regional Director of Hays in Japan.

"Benefits are also being offered by 79 per cent of employers with the most popular benefits in Japan being life assurance offered (by 44 per cent of employers), club/gym membership (30 per cent), pension (28 per cent) and tax equalisation (16 per cent).

"Interestingly in Japan, unlike other countries surveyed it is Life Assurance that again tops the list of benefits paid by employers albeit by a smaller margin than last year."

Meanwhile, almost three quarters of employers across Asia, or 72 per cent, believe the economy is likely to remain stable or strengthen. 65 per cent of employers in Asia also say their business activity increased in the past 12 months and 66 per cent envisage it will increase in the next year.

"This is expected to put greater pressure, on not only sourcing the right skills to manage increased business but also potentially the package on offer to prospective employees," says Jonathan Sampson, Regional Director of Hays in Japan. "Our salary survey revealed 93 per cent of employers believe skills shortages will hamper their business operations."

"Also we have seen that more than half of employers (52 per cent) tell us they have used a flexible approach to staffing over the past year, either temporary or contract employees or the employment of part-time staff - in fact almost a quarter (24 per cent) of respondents say they use temporary or contract staff on an ongoing basis."

According to the 2013 Hays Asia Salary Guide, trends at a glance for Japan by sector are as follows:

-- Accountancy & Finance:
In 2012 activity in Japan's accountancy and finance jobs market not only returned to pre-global financial crisis levels, but it was once again characterised by candidate shortages.

-- Banking:
Japan's banking sector has been dominated by a focus on cost cutting. This has impacted vacancy activity in three significant ways. Firstly, it has seen employers focus on hiring replacements in order to maintain rather than add to their headcount. Secondly, employers are exhausting all internal staffing options, both local and overseas, before considering external candidates. And thirdly, when they do hire externally the interview process has lengthened as employers do all they can to ensure they recruit the most suitable candidate.

-- Finance Technology:
Japan's finance technology market saw steady levels of vacancy activity throughout 2012. The investment banks and IT vendors were both recruiting, and this is not expected to change.

-- Human Resources:
Salaries remained stable year-on-year, although some highly-qualified candidates are receiving salary increases in the double digits. Candidates who have been unemployed for a long time, however, have decreased their salary expectations.

-- Information Technology:
Following the trend of 2012, 2013 is expected to be a strong year in the areas of cloud computing and IT business consulting. The former is a result of infrastructure vendors looking to manage shrinkage in traditional markets by diversifying into related and emerging technologies. The latter is driven by general enterprise looking to rationalise business practise and achieve cost savings by enhancing their IT systems.

-- Insurance:
Most foreign companies in Japan's insurance industry are recruiting junior candidates, such as Salespeople and Claims Adjusters, to maintain their age balance. As a result, demand is high for candidates with a few years of industry experience, especially those with relevant financial sales or claims adjustment experience.

-- Legal:
Japan's in-house counsel market is increasing its emphasis on compliance as changes in the regulatory environment, especially in pharma, banking and financial services, require a greater separation of powers between legal and compliance.

-- Life Sciences:
Regulatory changes have seen Japan's sales style shift over recent years from relationship based towards one that is more technically driven. As a result, we are seeing a continuous need for Application Specialists, Medical Science Liaisons or Clinical/KOL Education Specialists.

-- Office Professionals:
The demand for bilingual support staff has increased in Japan over the past year as local companies continue to globalise and recruit support staff who can communicate with overseas offices.

-- Property:
We expect to see good activity in Japan's property market in 2013. This will be driven by growth in the pharma and medical devices industries, with retail and insurance businesses also expected to continue to recruit property professionals.

-- Sales & Marketing:
Demand for sales and marketing professionals remains high within many industries. Looking firstly at the IT industry, many non-Japanese companies continue to increase their direct sales and high touch workforce and are moving away from a channel sales reliant model to maximise profits and improve aftercare and service add-on revenues.

-- Supply Chain:
Demand for supply chain and procurement professionals has remained high in Japan over the past year, and this trend will continue for the remainder of 2013 since many companies are driving global structure change.

Access the 2013 Hays Asia Salary Guide at www.hays.co.jp/en/salary-guide , by contacting your local Hays office or by downloading The Hays Asia Salary Guide 2013 iPhone app from iTunes.

Hays, the world's leading recruiting experts in qualified, professional and skilled people.

About Hays

Hays is the leading global specialist recruiting group. It is the expert at recruiting qualified, professional and skilled people worldwide.

Hays Specialist Recruitment Japan KK ("Hays") is the largest foreign recruitment company in Japan and operates across the private sector, dealing in permanent positions, contract roles and temporary assignments. Hays has been in Japan for more than a decade, and boasts a track record of success and growth.

Hays is the only foreign recruitment company in Japan to operate specialist business units composed of professionals with experience and expertise in the sectors they cover. Hays Japan's thirteen specialisms span Accountancy & Finance, Banking, Finance Technology, Human Resources, Hays Resource Management, Information Technology, Insurance, Legal, Life Sciences, Office Professionals, Property, Sales & Marketing and Supply Chain.

Hays is also the only foreign recruitment company in Japan to operate three local offices, serving the Kanto region from Akasaka and Shinjuku, and Kansai from central Osaka.

Hays Japan is the local representative office for Hays plc, which is a global company with more than 7,800 staff operating from 245 offices across 33 countries.

Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Colombia, Chile, China, the Czech Republic, Denmark, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Japan, Luxembourg, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, Spain, Sweden, Switzerland, UAE, the UK and the USA.

Source: Hays

Contact:
Keiko Asakura
Hays Japan
Marketing Manager
+81 3 3560 2813
[email protected]




Copyright 2013 ACN Newswire. All rights reserved.

More Stories By ACN Newswire

Copyright 2008 ACN Newswire. All rights reserved. Republication or redistribution of ACN Newswire content is expressly prohibited without the prior written consent of ACN Newswire. ACN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Archi...
Digital transformation has increased the pace of business creating a productivity divide between the technology haves and have nots. Managing financial information on spreadsheets and piecing together insight from numerous disconnected systems is no longer an option. Rapid market changes and aggressive competition are motivating business leaders to reevaluate legacy technology investments in search of modern technologies to achieve greater agility, reduced costs and organizational efficiencies. ...
In this presentation, you will learn first hand what works and what doesn't while architecting and deploying OpenStack. Some of the topics will include:- best practices for creating repeatable deployments of OpenStack- multi-site considerations- how to customize OpenStack to integrate with your existing systems and security best practices.
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
"With Digital Experience Monitoring what used to be a simple visit to a web page has exploded into app on phones, data from social media feeds, competitive benchmarking - these are all components that are only available because of some type of digital asset," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
It is ironic, but perhaps not unexpected, that many organizations who want the benefits of using an Agile approach to deliver software use a waterfall approach to adopting Agile practices: they form plans, they set milestones, and they measure progress by how many teams they have engaged. Old habits die hard, but like most waterfall software projects, most waterfall-style Agile adoption efforts fail to produce the results desired. The problem is that to get the results they want, they have to ch...
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abilit...
For far too long technology teams have lived in siloes. Not only physical siloes, but cultural siloes pushed by competing objectives. This includes informational siloes where business users require one set of data and tech teams require different data. DevOps intends to bridge these gaps to make tech driven operations more aligned and efficient.
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
HyperConvergence came to market with the objective of being simple, flexible and to help drive down operating expenses. It reduced the footprint by bundling the compute/storage/network into one box. This brought a new set of challenges as the HyperConverged vendors are very focused on their own proprietary building blocks. If you want to scale in a certain way, let's say you identified a need for more storage and want to add a device that is not sold by the HyperConverged vendor, forget about it...
The best way to leverage your CloudEXPO | DXWorldEXPO presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering CloudEXPO | DXWorldEXPO will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at CloudEXPO. Product announcements during our show provide your company with the most reach through our targeted audienc...
JETRO showcased Japan Digital Transformation Pavilion at SYS-CON's 21st International Cloud Expo® at the Santa Clara Convention Center in Santa Clara, CA. The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get...