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
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit y...
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
Cloud computing changed data analytics for good. It enabled companies to drastically decrease resources and architecture previously assigned with business intelligence departments. It also enabled laymen to run advanced business analytics. Cloud was also the architecture of choice for storing and processing big data. Data piling is a continuous process, which is going to explode with emerging Internet of Things concept. Answer to this issue developers found in new concept called fog computing. ...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will discuss the vast to...
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
Many banks and financial institutions are experimenting with containers in development environments, but when will they move into production? Containers are seen as the key to achieving the ultimate in information technology flexibility and agility. Containers work on both public and private clouds, and make it easy to build and deploy applications. The challenge for regulated industries is the cost and complexity of container security compliance. VM security compliance is already challenging, ...
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
SYS-CON Events announced today the How to Create Angular 2 Clients for the Cloud Workshop, being held June 7, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified. Now it’s a component-based well-performing framework. The immersive one-day workshop led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and...
Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...
IoT generates lots of temporal data. But how do you unlock its value? How do you coordinate the diverse moving parts that must come together when developing your IoT product? What are the key challenges addressed by Data as a Service? How does cloud computing underlie and connect the notions of Digital and DevOps What is the impact of the API economy? What is the business imperative for Cognitive Computing? Get all these questions and hundreds more like them answered at the 18th Cloud Expo...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, will provide an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life ...