Asia

HR market
report and
salary guide
2024
Asia HR market report and salary guide

Contents
Introduction |3

Key insights and statistics |4

Banking, financial services, and

professional services | North Asia |6
Banking and financial services
salaries | Hong Kong |7
Professional services salaries | Hong Kong | 11

Banking, financial services, fintech and

professional services | Southeast Asia | 15
Banking, financial services and fintech
salaries | Singapore | 16
Professional services salaries | Singapore | 20

Commerce and industrial | North Asia | 23

Commerce and industrial salaries | Hong Kong | 24

Commerce and industrial | Southeast Asia | 26

Commerce and industrial salaries | Singapore | 27

Rest of Asia salaries | 29

Our work across North Asia | 30

Our work across Southeast Asia | 31

Get in touch | 32

About Frazer Jones | 33

Our global offices | 34

2
Asia HR market report and salary guide

Introduction
Welcome to our Asia HR market report and salary
guide for 2024. The HR landscape in Asia is undergoing
significant changes as the global economy recovers and
adapts to new realities.

With the evolving landscape of digital transformation global players and persisting political instability
and innovation fueling business expansion across the in certain regions, organisations are recalibrating
region, organisations are compelled to stay abreast of their expansion strategies and adopting a more
the latest HR trends and salary benchmarks. cautious approach to hiring. However, amidst these
challenges, some companies are leveraging the
Our report aims to provide HR professionals, business
current situation to establish a stronger foothold in
leaders and job seekers with valuable insights into
Asia, tapping into the region’s vast growth potential.
the current state of the HR market in Asia.
In summary, our Asia HR market report and salary
We have gathered data from various industries, guide provides a comprehensive overview of
job roles and levels of experience to create a the current HR landscape in the region. We hope
comprehensive salary guide that reflects the latest that this report will be a valuable resource for HR
market trends. professionals, business leaders and job seekers
alike as they navigate the rapidly changing business
Our report also includes an in-depth analysis of key environment in Asia.
HR issues such as talent management, employee
About our salary guide
engagement and diversity and inclusion.
Data for this salary guide has been compiled from our
Our survey indicates that nearly two-thirds of HR network, recent appointments over the past twelve
professionals are considering moving roles in the months as well as several targeted LinkedIn polls. As
next year. always with our salary guides, there will be outliers at
either end of the salary bands due to the vast number
This could be either a huge opportunity or a huge of companies from which we have collected data. If
threat to businesses. Those companies that listen to you require bespoke salary advice or benchmarking
what employees want and who create a compelling for you or your team, please get in touch with us.
employee experience and competitive benefits
package, stand to do well in the battle to attract Further salary guide and market information can also
and retain the best talent. be shared via our offices in the UK, Europe, Middle
East, Australia and the US at your request.
Furthermore, the geopolitical climate in Asia
continues to exert significant influence on the HR
landscape. With ongoing tensions between major

Sean Tong | Partner

Head of Asia
+65 6420 0510
[email protected]

3
Asia HR market report and salary guide

Key insights and statistics

How many days in the office?

HR professionals
Our data reveals an
64% considering
overwhelming majority of
changing roles
people would reject a job
offer if it meant working a
five-day week in the office.
The optimum number for
most respondents was three
to four days.
HR professionals
28% considering
relocating

Of women would
turn down a role
75% if it meant four
or more days in
the office
We’re still adjusting
to new norms
Microsoft’s Work Trend Index Of men would
report of over 6000 workers turn down a role
shows many of us have not 54% if it meant four or
more days in the
fully settled on our new office
normal, with large numbers
of remote and hybrid workers
still considering a shift Of junior talent
would turn down
83% a role if it meant
57% four or more days
in the office
Remote workers considering
shift to hybrid

Of senior talent
would turn down
51% 58% a role if it meant
Hybrid workers considering four or more days
shift to remote in the office

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Asia HR market report and salary guide

People who aren’t learning Link hybrid to purpose

will leave
Three of the top five factors that
drive people to pursue new jobs
reflect their desire to stretch,
grow and develop new skills.*

1 Compensation and 38%

benefits

Flexibility to work when

2 and where I want

Doing challenging and

3 impactful work
38% of hybrid professionals say
they do not know when or why
to come into the office. Leaders
Opportunities for career must take a proactive approach
4 growth within the company
to defining company vision
and purpose, and ensuring this
Opportunities to learn message is clear to all teams.
5 and develop new skills Purpose-driven companies grow
up to three times faster than
*Linkedin Workplace Learning their counterparts, according to
report 2023 McKinsey research.

89% of organisations are concerned

about employee retention

5
Asia HR market report and salary guide

Banking, financial services, and

professional services | North Asia
Despite initial fears and uncertainties, the North Asia job
market experienced a surprisingly smooth year in 2023.

Despite initial fears and uncertainties, the North While China may continue to face challenges, there
Asia job market experienced a surprisingly smooth is optimism that the market will stabilize in due
year in 2023, despite volatility and external factors course. Our clients in the senior space are actively
such as inflation and high interest rates. The preparing for Q2 of this year, and we currently have
market remained fairly strong, defying projections several ongoing pipelining projects. This segment
of a recession, banking crisis, and geopolitical of the market is expected to remain buoyant, with
challenges. While the future of the job market in organizations prioritizing HR and workforce planning
2024 is still uncertain, early indications suggest a as critical business functions. This presents
positive outlook for the year ahead. numerous opportunities for professionals seeking
new challenges and exciting career paths in one of
Organizations in the region are actively seeking
the world’s most dynamic regions.
professionals with a strong understanding of
the local market, language skills, and cultural Furthermore, as Hong Kong repositions itself as an
sensitivities. The demand for strategic total international hub, we anticipate a gradual return
rewards leaders who can drive business results has of talent to the city. This presents an opportunity
increased significantly. These professionals play for professionals to explore career prospects in a
a crucial role in aligning HR strategies with overall vibrant and diverse community while experiencing a
business objectives. Moreover, since the beginning rich cultural environment.
of 2024, signs of growth have emerged. One of
the key supporting factors is the healthy IPO and
M&A pipeline in the US and Europe, leading many As Hong Kong repositions itself as an
organizations to plan for the expansion of their international hub, we anticipate a gradual
Talent Acquisition teams. Additionally, organizations return of talent to the city.
are proactively revamping their HR functions to
ensure their HR practices are future-proof.

Tony Ho
Head of North Asia
+852 3008 9054
[email protected]

6
Asia HR market report and salary guide

Banking and financial services salaries | Hong Kong

Salaries are in Hong Kong dollars (‘000s)

Generalist/HR Business Partner

Banking Asset management Insurance PE/VC

Country Regional Country Regional Country Regional Country Regional

HR Advisor 400-500 400-500 400-500 420-520 400-500 400-500 400-500 400-500

(Associate)

Senior HR 500-700 550-750 500-700 560-760 500-700 550-750 500-700 550-750

Executive (AVP)

HR Manager/ 720-900 720-950 720-900 720-950 720-900 720-950 720-900 720-950

Business Partner
(VP)

Senior HR Manager/ 900-1250 900-1250 900-1250 900-1250 900-1250 900-1250 900-1250 900-1250
Senior Business
Partner (SVP)

Head of HR/HR 960-1500+ 960-1500+ 960-1500+ 960-1500+ 960-1500+ 960-1500+ 960-1500+ 960-1500+
Director (ED)

Chief HR Officer 1800-2500+ 1800-2500+ 1800-2500+ 1800-2500+ 1800-2500+ 1800-2500+ 1800-2500+ 1800-2500+
(MD/Head)

HR Ops/HR shared services

Banking Asset management Insurance PE/VC

Country Regional Country Regional Country Regional Country Regional

HR Ops/SS Advisor 400-650 400-650 400-650 400-650 400-650 400-650 400-650 400-650

HR Ops Manager/ 700-900 700-900 700-900 700-900 700-900 700-900 700-900 700-900
HR SS Manager

Head of HR 900-1200+ 900-1200+ 900-1200+ 900-1200+ 900-1200+ 900-1200+ 900-1200+ 900-1200+

Operations

Recruitment and talent acquisition

Banking Asset management Insurance PE/VC

Country Regional Country Regional Country Regional Country Regional

Campus Recruiter 350-450 350-450 350-450 350-450 350-450 350-450 350-450 350-450

Senior Campus 400-650 400-650 400-650 400-650 400-650 400-650 400-650 400-650
Recruiter

Campus 400-650 400-650 400-650 400-650 400-650 400-650 400-650 400-650

Development
Advisor

Campus 700-900 700-900 700-900 700-900 700-900 700-900 700-900 700-900

Recruitment
Manager

Campus 700-900 700-900 700-900 700-900 700-900 700-900 700-900 700-900

Development
Manager

Head of Campus 900-1300+ 900-1300+ 900-1300+ 900-1300+ 900-1300+ 900-1300+ 900-1300+ 900-1300+
Recruitment

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Asia HR market report and salary guide

Recruitment and talent acquisition

Banking Asset management Insurance PE/VC

Country Regional Country Regional Country Regional Country Regional

Recruiter 350-450 350-450 350-450 350-450 350-450 350-450 350-450 350-450

Senior Recruiter 400-650 400-650 400-650 400-650 400-650 400-650 400-650 400-650

Recruitment/ 700-900 700-900 700-900 700-900 700-900 700-900 700-900 700-900

Talent Acquisition
Manager

Resourcing 700-900 700-900 700-900 700-900 700-900 700-900 700-900 700-900

Manager

Executive Recruiter 800-1100 800-1100 800-1100 800-1100 800-1100 800-1100 800-1100 800-1100

TA Ops and Projects 550-700 550-700 550-700 550-700 550-700 550-700 550-700 550-700

Head of 900-1300+ 900-1300+ 900-1300+ 900-1300+ 900-1300+ 900-1300+ 900-1300+ 900-1300+

Recruitment/Talent
Acquisition

Learning, talent development and management

Banking Asset management Insurance PE/VC

Country Regional Country Regional Country Regional Country Regional

L&D Advisor 400-600 400-600 400-600 400-600 400-600 400-600 400-600 400-600

L&D Manager/ 800-1000 800-1000 800-1000 800-1000 800-1000 800-1000 800-1000 800-1000
Talent/Engagement
Manager

D&I/Wellbeing 800-1000 800-1000 800-1000 800-1000 800-1000 800-1000 800-1000 800-1000

Manager

Head of D&I/ 900-1200+ 900-1200+ 900-1200+ 900-1200+ 900-1200+ 900-1200+ 900-1200+ 900-1200+
Wellbeing

Head of Learning 900-1300+ 900-1300+ 900-1300+ 900-1300+ 900-1300+ 900-1300+ 900-1300+ 900-1300+
and Talent

Employee relations

Banking Asset management Insurance PE/VC

Country Regional Country Regional Country Regional Country Regional

ER Advisor 500-700 500-700 500-700 500-700 500-700 500-700 N/A N/A

ER Manager 720-900 720-900 720-900 720-900 720-900 720-900 N/A N/A

Head of ER 900-1200+ 900-1200+ 900-1200+ 900-1200+ 900-1200+ 900-1200+ N/A N/A

Salaries are in Hong Kong dollars (‘000s)

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Asia HR market report and salary guide

HR projects

Banking Asset management Insurance PE/VC

Country Regional Country Regional Country Regional Country Regional

HR Transformation 400-700 400-700 400-700 400-700 400-700 400-700 N/A N/A

Consultant

HR Transformation 800-1000 800-1000 800-1000 800-1000 800-1000 800-1000 N/A N/A

Manager

Organisation Design 800-1000 800-1000 800-1000 800-1000 800-1000 800-1000 N/A N/A
Manager

Head of HR 850-1300+ 850-1300+ 850-1300+ 850-1300+ 850-1300+ 850-1300+ N/A N/A

Transformation

Head of 850-1300+ 850-1300+ 850-1300+ 850-1300+ 850-1300+ 850-1300+ N/A N/A

Organisation Design

Management consulting

Banking Asset management Insurance PS

Country Regional Country Regional Country Regional Country Regional

Consultant N/A N/A N/A N/A N/A N/A 420-660 420-660

Manager N/A N/A N/A N/A N/A N/A 660-960 660-960

Senior Manager N/A N/A N/A N/A N/A N/A 1000-1200 1000-1200

Head of Practice N/A N/A N/A N/A N/A N/A 1300-1500+ 1300-1500+

Reward and benefits

Banking Asset management Insurance PE/VC

Country Regional Country Regional Country Regional Country Regional

Reward (C&B) 400-650 400-650 400-650 400-650 400-650 400-650 400-650 400-650
Analyst

Reward (C&B) 700-900 700-900 700-900 700-900 700-900 700-900 700-900 700-900
Manager

Regional/Group 750-1150+ 750-1150+ 750-1150+ 750-1150+ 750-1150+ 750-1150+ 750-1150+ 750-1150+

Head of Reward

HRIS and analytics

Banking Asset management Insurance PE/VC

Country Regional Country Regional Country Regional Country Regional

HRIS/Data Analyst 400-500 400-500 400-500 400-500 400-500 400-500 400-500 400-500

HRIS/Data Manager 720-900 720-900 720-900 720-900 720-900 720-900 720-900 720-900

Head of HRIS/ 950-1200+ 950-1200+ 950-1200+ 950-1200+ 950-1200+ 950-1200+ 950-1200+ 950-1200+
Analytics

Salaries are in Hong Kong dollars (‘000s)

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Asia HR market report and salary guide

Payroll

Banking Asset management Insurance PE/VC

Country Regional Country Regional Country Regional Country Regional

Payroll Associate 360-500 370-520 360-500 370-520 360-500 370-520 360-500 370-520

Payroll Manager 600-960 620-1000 600-960 620-1000 600-960 620-1000 600-960 620-1000

Head of Payroll 960-1300+ 1000-1500+ 960-1300+ 1000-1500+ 960-1300+ 1000-1500+ 960-1300+ 1000-1500+

Global mobility

Banking Asset management Insurance PE/VC

Country Regional Country Regional Country Regional Country Regional

Global Mobility 420-500 420-500 420-500 420-500 420-500 420-500 420-500 420-500
Specailist

Head of Global 900-1200+ 900-1200+ 900-1200+ 900-1200+ 900-1200+ 900-1200+ 900-1200+ 900-1200+
Mobility

Salaries are in Hong Kong dollars (‘000s)

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Asia HR market report and salary guide

Professional services salaries | Hong Kong

Salaries are in Hong Kong dollars (‘000s)

Generalist/HR Business Partner

Legal Consultancy Real estate Accountancy

Country Regional Country Regional Country Regional Country Regional

HR Advisor 400-500 400-500 400-500 400-500 300-400 300-400 300-400 300-400

Senior HR Advisor 450-650 450-650 450-650 450-650 350-500 350-500 450-650 450-650

HR Manager/ 700-900 700-900 700-900 700-900 500-700 500-700 600-800 600-800

Business Partner

Senior HR Manager/ 900-1300 900-1300 900-1150 900-1150 650-800 650-800 700-1150 700-1150
Senior Business
Partner

Head of HR/HR 1200-2600+ 1200-2600+ 1200-1400+ 1200-1400+ 800-1600+ 800-1600+ 1200-1800+ 1200-1800+
Director

Chief HR Officer NA NA 1300-1400+ 1300-1400+ 1800-2800+ 1800-2800+ 1800-2800+ 1800-2800+

HR Ops/HR shared services (SS)

Legal Consultancy Real estate Accountancy

Country Regional Country Regional Country Regional Country Regional

HR Ops/SS Advisor 300-500 400-550 400-550 400-550 350-500 350-500 400-550 400-550

HR Ops/SS Manager 500-750 500-750 500-750 500-750 500-700 500-700 700-850 700-850

Head of HR 900-1200+ 900-1200+ 900-1200+ 900-1200+ 800-1200+ 800-1200+ 900-1200+ 900-1200+

Operations

Recruitment and talent acquisition

Legal Consultancy Real estate Accountancy

Country Regional Country Regional Country Regional Country Regional

Campus Recruiter 350-450 350-450 350-450 350-450 200-300 200-300 350-450 350-450

Senior Campus 400-600 400-600 400-600 400-600 300-500 300-500 400-600 400-600
Recruiter

Campus 400-600 400-600 400-600 400-600 400-600 400-600 400-600 400-600

Development
Advisor

Campus 650-850 650-850 650-850 650-850 500-700 500-700 650-850 650-850

Recruitment
Manager

Campus 650-850 650-850 650-850 650-850 600-800 600-800 650-850 650-850

Development
Manager

Head of Campus 900-1200+ 900-1200+ 900-1100+ 900-1100+ 700-1000+ 700-1000+ 900-1100+ 900-1100+
Recruitment

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Asia HR market report and salary guide

Recruitment and talent acquisition

Legal Consultancy Real estate Accountancy

Country Regional Country Regional Country Regional Country Regional

Recruiter 350-450 350-450 350-450 350-450 200-300 200-300 350-450 350-450

Senior Recruiter 400-650 400-650 400-650 400-650 300-500 300-500 400-650 400-650

Recruitment/ 650-850 650-850 650-850 650-850 400-600 400-600 650-850 650-850

Talent Acquisition
Manager

Resourcing 650-850 650-850 650-850 650-850 500-700 500-700 650-850 650-850

Manager

Executive Recruiter 700-900 700-900 700-900 700-900 600-800 600-800 700-900 700-900

TA Ops and Projects 550-700 550-700 550-700 550-700 700-1000 700-1000 550-700 550-700

Head of 900-1300+ 900-1300+ 900-1300+ 900-1300+ 1000-1500+ 1000-1500+ 900-1300+ 900-1300+

Recruitment/Talent
Acquisition

Learning, talent development and management

Legal Consultancy Real estate Accountancy

Country Regional Country Regional Country Regional Country Regional

L&D Advisor 400-600 400-600 400-600 400-600 200-300 200-300 400-600 400-600

L&D Manager/ 800-1000 800-1000 800-1000 800-1000 300-500 300-500 800-1000 800-1000
Talent Manager

D&I/Wellbeing 800-1000 800-1000 800-1000 800-1000 400-600 400-600 800-1000 800-1000

Manager

Head of D&I/ 900-1200+ 900-1200+ 900-1200+ 900-1200+ 700-1000+ 700-1000+ 900-1200+ 900-1200+
Wellbeing

Head of Learning 900-1300+ 900-1300+ 900-1300+ 900-1300+ 1000-1500+ 1000-1500+ 900-1300+ 900-1300+
and Talent

Employee relations

Legal Consultancy Real estate Accountancy

Country Regional Country Regional Country Regional Country Regional

ER Advisor 500-700 500-700 500-700 500-700 300-500 300-500 500-700 500-700

ER Manager 720-900 720-900 720-900 720-900 500-700 500-700 720-900 720-900

Head of ER 900-1200+ 900-1200+ 900-1200+ 900-1200+ 700-1000+ 700-1000+ 900-1200+ 900-1200+

Salaries are in Hong Kong dollars (‘000s)

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Asia HR market report and salary guide

HR projects

Legal Consultancy Real estate Accountancy

Country Regional Country Regional Country Regional Country Regional

HR Transformation 400-700 400-700 400-700 400-700 400-800 400-800 400-700 400-700

Manager

Organisation Design 800-1000 800-1000 800-1000 800-1000 600-800 600-800 800-1000 800-1000
Manager

Head of HR 800-1000+ 800-1000+ 800-1000+ 800-1000+ 1000-1800+ 1000-1800+ 800-1000+ 800-1000+

Transformation

Head of 850-1300+ 850-1300+ 850-1300+ 850-1300+ 1000-19,000+ 1000-19,000+ 850-1300+ 850-1300+

Organisation Design

Management consulting

Legal Consultancy Real estate Accountancy

Country Regional Country Regional Country Regional Country Regional

Consultant 400-650 400-650 400-650 400-650 N/A N/A 400-650 400-650

Manager 700-850 700-850 700-850 700-850 N/A N/A 700-850 700-850

Senior Manager 850-1000+ 850-1000+ 850-1000+ 850-1000+ N/A N/A 850-1000+ 850-1000+

Head of Practice 1150-1300+ 1150-1300+ 1150-1300+ 1150-1300+ N/A N/A 1150-1300+ 1150-1300+

Reward and benefits

Legal Consultancy Real estate Accountancy

Country Regional Country Regional Country Regional Country Regional

Reward (C&B) 400-650 400-650 400-650 400-650 300-500 300-500 400-650 400-650
Analyst

Reward (C&B) 700-900 700-900 700-900 700-900 500-700 500-700 700-900 700-900
Manager

Head of Reward 750-1150+ 750-1150+ 750-1150+ 750-1150+ 1000-1800+ 1000-1800+ 750-1150+ 750-1150+

HRIS and analytics

Legal Consultancy Real estate Accountancy

Country Regional Country Regional Country Regional Country Regional

HRIS/Data Analyst 400-500 400-500 400-500 400-500 200-400 200-400 400-500 400-500

HRIS/Data Manager 720-900 720-900 720-900 720-900 400-700 400-700 720-900 720-900

Head of HRIS/ 950-1200+ 950-1200+ 950-1200+ 950-1200+ 800-1300+ 800-1300+ 950-1200+ 950-1200+
Analytics

Salaries are in Hong Kong dollars (‘000s)

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Asia HR market report and salary guide

Payroll

Legal Consultancy Real estate Accountancy

Country Regional Country Regional Country Regional Country Regional

Payroll Associate 360-500 360-500 360-500 360-500 200-400 200-400 360-500 360-500

Payroll Manager 600-960 600-960 600-960 600-960 400-700 400-700 600-960 600-960

Head of Payroll 960-1300+ 960-1300+ 960-1300+ 960-1300+ 800-1300+ 800-1300+ 960-1300+ 960-1300+

Global mobility

Legal Consultancy Real estate Accountancy

Country Regional Country Regional Country Regional Country Regional

Global Mobility 420-500 420-500 420-500 420-500 300-600 300-600 420-500 420-500
Specailist

Head of Global 900-1200+ 900-1200+ 900-1200+ 900-1200+ 700-1000+ 700-1000+ 900-1200+ 900-1200+
Mobility

Salaries are in Hong Kong dollars (‘000s)

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Asia HR market report and salary guide

Banking, financial services, fintech and

professional services | Southeast Asia
2024 has had a rocky start to the year from a financial
services perspective, with a number of banks and broader
financial services organisations going through re-structures
and ultimately redundancies to rightsize their organisations for
the current market conditions.

Having said that, professional services organisations, learning & development and/or diversity, equality and
such as the strategy and management consulting inclusion (DEI) and employer branding professionals,
firms have been busy advising their clients on people with concerns around cost and business performance.
strategy, technology and transformation. Furthermore, Having said that, we have seen signs of talent
the PE firms seem to be bullish about the year ahead acquisition professionals being in demand from
and fintech’s, especially those headquartered in the Q2, which is normally a barometer for the market,
region, are back in growth mode, creating confidence indicating hiring volumes will continue to build across
in the market. Furthermore, there’s a surprisingly high Southeast Asia.
level of interest from individuals pro-actively looking
In Singapore specifically, we have seen a number
to move employers, despite some market uncertainty,
of HR leaders secure a One Pass given job security
which suggests that once bonuses are paid, inevitably
concerns, with a number of US and European
replacement hires will come to the market. However,
headquartered organisations removing headcount
employers have been reticent to buyout bonuses this
from the region. The majority of our financial and
year, instead delaying start dates and resignations to
professional services clients have also returned to
make cost savings.
the office on a three or four day per week basis – with
We have seen the most client demand for technical four days being the most commonly adopted model.
professionals in areas such as rewards, executive We have also seen an increase in fixed term contract
compensation, HR technology, HR analytics, hiring to plug gaps with previous unsustainable
employee relations and organisation design capacity levels. Employers are also laser focused
professionals, who are building global and regional on employee experience and employee retention,
COE teams as part of new operating model changes. reviewing organization culture, career management
Given the narrow candidate pools, these individuals and manager development.
were able to command premium salaries, seeing
Overall, we expect hiring volumes to increase in the
average salary increases of 13 to 16% in Q1 2024
second half of the year. In parallel, employers should
(down from +20% in Q1 2023). Similarly, MNC’s
maintain strong internal communication enabling a
appear to be offshoring HR ops teams to markets like
positive employee experience in turbulent market
Malaysia, the Philippines and India, where there’s
conditions to support their employee retention and
strong talent pools at a lower cost. The quietest areas
engagement strategies.
hiring wise have been talent acquisition leaders, and

Charlotte Matthew | Partner

Head of Southeast Asia
+65 9352 8105
[email protected]

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Asia HR market report and salary guide

Banking, financial services and

fintech salaries | Singapore
Salaries are in Singapore dollars (‘000s)

Generalist/HR Business Partner

Banking Asset management/ Insurance Fintech

PE/VC

Country Regional Country Regional Country Regional Country Regional

HR Advisor (Associate) 60-80 70-100 60-80 70-100 55-75 65-90 60-80 70-100

Senior HR Executive 70-90 80-120 70-90 80-120 65-85 90-120 70-90 80-120
(AVP)

HR Manager/Business 85-140 140-180 85-140 140-180 80-130 85-140 85-140 140-180

Partner (VP)

Senior HR Manager/ 150-220 180-240 150-200 180-240 130-180 150-220 150-200 180-250
Senior Business
Partner (SVP)

Head of HR/HR 250-320+ 250-350+ 250-320+ 250-350+ 200-250+ 250-350+ 200-280+ 250-350+
Director (ED)

Chief HR Officer 320-400+ 350-700+ 320-400+ 350-650+ 250-300+ 300-350+ 250-350+ 350-500+
(MD/Head)

HR Ops/HR shared services

Banking Asset management/ Insurance Fintech

PE/VC

Country Regional Country Regional Country Regional Country Regional

HR Ops/SS Advisor 40-60 50-70 40-60 50-70 35-55 45-65 40-60 50-70

HR Ops Manager/ 100-130 150-200 100-130 150-200 100-125 140-180 100-130 150-200
HR SS Manager

Head of HR Operations 150-220+ 200-260+ 150-220+ 200-260+ 140-180+ 180-240+ 150-200+ 200-260+

Recruitment and talent acquisition

Banking Asset management/ Insurance Fintech

PE/VC

Country Regional Country Regional Country Regional Country Regional

Campus Recruiter 50-70 60-80 50-65 50-70 50-65 50-70 40-60 50-70

Senior Campus Recruiter 60-80 70-90 60-80 70-90 60-75 70-85 60-80 70-90

Campus Development 60-80 70-90 60-80 70-90 60-75 70-85 60-80 70-90
Advisor

Campus Recruitment 100-140 150-220 100-140 150-220 100-130 120-160 100-140 150-220
Manager

Campus Development 100-140 150-220 100-140 120-180 100-130 120-160 100-130 150-250
Manager

Head of Campus 160-240+ 220-400+ 160-240+ 220-320+ 160-180+ 180-200+ 160-240+ 220-300+
Recruitment

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Asia HR market report and salary guide

Recruitment and talent acquisition

Banking Asset management/ Insurance Fintech

PE/VC

Country Regional Country Regional Country Regional Country Regional

Recruiter 70-90 80-100 70-90 80-100 70-80 80-90 70-90 80-110

Senior Recruiter 90-110 100-140 90-110 100-140 90-100 100-110 90-110 110-150

Recruitment/Talent 100-160 140-200 100-160 140-200 100-150 140-180 100-160 140-200

Acquisition Manager

Resourcing Manager 120-140 140-160 120-140 140-160 120-140 140-180 120-140 140-160

Executive Recruiter 140-200 180-250 140-180 160-250 140-180 180-200 140-200 160-250

TA Ops and Projects 120-180 150-240 120-150 150-240 120-180 140-220 120-220 150-250

Head of Recruitment/ 180-250+ 250-500+ 180-250+ 250-350+ 180-220+ 200-250+ 180-250+ 220-400+
Talent Acquisition

Learning, talent development and management

Banking Asset management/ Insurance Fintech

PE/VC

Country Regional Country Regional Country Regional Country Regional

L&D Advisor 60-90 70-100 60-90 70-100 60-80 70-90 60-90 70-100

L&D Manager/Talent/ 130-180 150-220 130-180 150-220 130-160 150-200 130-180 150-220
Engagement Manager

D&I/Wellbeing Manager 130-180 150-220 130-180 150-220 130-160 150-200 130-180 150-220

Head of D&I/Wellbeing 180-220+ 220-300+ 180-220+ 200-280+ 170-200+ 150-220+ 180-220+ 220-300+

Head of Learning 180-240+ 250-400+ 180-240+ 220-350+ 180-220+ 200-240+ 180-250+ 220-350+
and Talent

Employee relations

Banking Asset management/ Insurance Fintech

PE/VC

Country Regional Country Regional Country Regional Country Regional

ER Advisor 80-120 80-140 80-120 80-140 80-100 80-120 80-100 80-120

ER Manager 100-160 120-200 100-160 120-200 100-150 120-160 100-150 120-160

Head of ER 180-250+ 250-400+ 180-220+ 220-350+ 180-200+ 200-250+ 180-200+ 220-350+

Salaries are in Singapore dollars (‘000s)

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Asia HR market report and salary guide

HR project

Banking Asset management/ Insurance Fintech

PE/VC

Country Regional Country Regional Country Regional Country Regional

HR Transformation 80-120 100-140 80-120 100-140 80-120 100-140 80-120 100-140

Consultant

HR Transformation 140-180 150-240 140-180 150-240 140-180 150-220 140-180 150-240

Manager

Organisation Design 140-180 150-240 140-180 150-240 140-180 150-220 140-180 150-240
Manager

Head of HR 200-250+ 250-350+ 200-250+ 250-350+ 200-250+ 250-350+ 200-250+ 250-350+

Transformation

Head of Organisation 200-250+ 250-350+ 200-250+ 250-350+ 200-250+ 250-350+ 200-250+ 250-350+
Design

Reward

Banking Asset management/ Insurance Fintech

PE/VC

Country Regional Country Regional Country Regional Country Regional

Reward Associate 70-90 80-100 70-90 80-100 70-80 80-90 70-90 80-100

Reward Manager 90-150 120-240 90-150 150-240 90-160 150-220 90-150 120-240

Head of Reward 180-250+ 250-600+ 200-250+ 250-550+ 180-220+ 200-260+ 200-250+ 250-350+

Benefits

Banking Asset management/ Insurance Fintech

PE/VC

Country Regional Country Regional Country Regional Country Regional

Benefits Associate 70-100 90-110 80-100 90-110 80-100 90-110 80-100 90-110

Benefits Manager 100-150 140-180 100-150 140-180 100-140 120-160 100-140 120-160

Head of Benefits 180-220+ 200-240+ 180-220+ 200-240+ 160-220+ 200-240+ 160-220+ 200-240+

HRIS and analytics

Banking Asset management/ Insurance Fintech

PE/VC

Country Regional Country Regional Country Regional Country Regional

HRIS/Data Analyst 80-100 90-110 80-100 90-110 80-100 90-110 80-100 90-110

HRIS/Data Manager 100-150 140-180 100-150 140-180 100-140 120-160 100-140 120-160

Head of HRIS/Analytics 180-240+ 220-350+ 180-240+ 220-300+ 160-220+ 200-260+ 160-220+ 200-350+

Salaries are in Singapore dollars (‘000s)

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Asia HR market report and salary guide

Payroll

Banking Asset management/ Insurance Fintech

PE/VC

Country Regional Country Regional Country Regional Country Regional

Payroll Associate 40-50 50-60 40-50 50-60 40-50 50-60 40-50 50-60

Payroll Manager 60-75 80-180 60-80 80-180 60-80 80-180 60-75 80-120

Head of Payroll 120-140+ 140-240+ 130-180+ 160-240+ 130-180+ 160-220+ 120-140+ 140-240+

Global mobility

Banking Asset management/ Insurance Fintech

PE/VC

Country Regional Country Regional Country Regional Country Regional

Global Mobility Specailist 50-100 60-130 50-120 60-140 50-120 60-140 50-100 60-130

Head of Global Mobility 100-150+ 150-240+ 100-150+ 150-240+ 100-150+ 150-240+ 100-150+ 150-240+

Salaries are in Singapore dollars (‘000s)

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Asia HR market report and salary guide

Professional services salaries | Singapore

Salaries are in Singapore dollars (‘000s)

Generalist/HR Business Partner

Legal Consultancy Real estate

Country Regional Country Regional Country Regional

HR Advisor 60-75 65-90 55-75 65-95 55-75 65-90

Senior HR Advisor 85-110 90-120 65-90 75-110 65-85 75-100

HR Manager/Business Partner 120-140 130-170 80-125 120-160 80-120 120-150

Senior HR Manager/Senior 150-180 150-220 140-180 150-200 130-160 140-170

Business Partner

Head of HR/HR Director 200-250+ 250-320+ 180-250+ 250-300+ 170-240+ 250-350+

Chief HR Officer 250-300+ 300-425+ 240-300+ 240-350+ 240-300+ 240-350+

HR Ops/HR shared services

Legal Consultancy Real estate

Country Regional Country Regional Country Regional

HR Ops/SS Advisor 55-75 60-80 40-55 50-65 40-50 50-60

HR Ops/SS Manager 100-120 120-160 100-140 120-180 100-140 120-180

Head of HR Operations 120-160+ 150-200+ 140-180+ 160-220+ 140-180+ 160-220+

Recruitment and talent acquisition

Legal Consultancy Real estate

Country Regional Country Regional Country Regional

Campus Recruiter 50-60 55-70 50-60 55-70 50-60 55-70

Senior Campus Recruiter 60-70 70-80 60-70 70-80 60-70 70-80

Campus Development Advisor 55-70 70-80 55-70 70-80 55-70 70-80

Campus Recruitment Manager 100-130 100-150 100-130 120-160 100-130 100-150

Campus Development Manager 100-130 100-150 100-130 120-160 100-130 100-150

Head of Campus Recruitment 140-180+ 150-180+ 140-180+ 150-200+ 140-180+ 150-180+

Recruiter 60-80 70-90 60-80 70-90 60-80 70-90

Senior Recruiter 85-100 90-110 80-100 90-110 80-100 90-110

Recruitment/Talent Acquisition 100-140 120-160 100-140 120-160 100-140 120-160

Manager

Resourcing Manager 100-140 120-160 100-140 120-160 100-140 120-160

Executive Recruiter 100-140 120-160 100-140 120-180 100-140 120-160

TA Ops and Projects 120-140 120-180 120-140 120-180 120-140 120-180

Head of Recruitment/Talent 150-200+ 150-250+ 150-200+ 150-250+ 150-200+ 150-250+

Acquisition

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Asia HR market report and salary guide

Learning, talent development and management

Legal Consultancy Real estate

Country Regional Country Regional Country Regional

L&D Advisor 55-80 65-90 55-80 65-90 55-80 65-90

L&D Manager/Talent Manager 120-160 140-220 120-160 140-220 120-160 140-220

D&I/Wellbeing Manager 120-160 140-180 120-160 140-180 120-160 140-180

Head of D&I/Wellbeing 120-150+ 150-220+ 120-180+ 160-220+ 120-150+ 150-220+

Head of Learning and Talent 150-200+ 180-220+ 150-220+ 180-240+ 150-200+ 180-220+

Employee relations

Legal Consultancy Real estate

Country Regional Country Regional Country Regional

ER Advisor 80-100 90-120 90-100 90-120 80-100 90-120

ER Manager 80-140 100-160 80-150 120-180 80-140 100-160

Head of ER 150-200+ 180-240+ 150-220+ 200-250+ 150-200+ 180-240+

HR projects

Legal Consultancy Real estate

Country Regional Country Regional Country Regional

HR Transformation Manager 70-100 80-120 70-110 80-120 70-100 80-120

Organisation Design Manager 120-160 140-180 120-180 150-200 120-160 140-180

Head of HR Transformation 160-220+ 180-240+ 160-240+ 200-250+ 160-220+ 180-240+

Head of Organisation Design 180-220+ 180-240+ 180-220+ 200-250+ 180-220+ 180-240+

Human capital consulting

Legal Consultancy Real estate

Country Regional Country Regional Country Regional

Consultant N/A N/A 70-100 80-110 N/A N/A

Manager N/A N/A 110-140 120-160 N/A N/A

Senior Manager N/A N/A 150-200 160-220 N/A N/A

Director N/A N/A 180-250 220-300 N/A N/A

Head of Practice/Partner N/A N/A 250-350+ 300-500+ N/A N/A

Reward

Legal Consultancy Real estate

Country Regional Country Regional Country Regional

Reward (C&B) Analyst 60-80 70-90 60-80 70-90 60-80 70-90

Reward (C&B) Manager 85-115 90-150 85-115 90-150 85-115 90-150

Head of Reward 120-180+ 150-220+ 140-180+ 180-250+ 140-180+ 180-250+

Salaries are in Singapore dollars (‘000s)

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Asia HR market report and salary guide

Benefits

Legal Consultancy Real estate

Country Regional Country Regional Country Regional

Benefits Associate 70-100 80-110 80-100 90-110 80-100 90-110

Benefits Manager 100-150 140-180 100-150 140-180 100-140 120-160

Head of Benefits 160-200+ 200-240+ 160-200+ 200-240+ 160-200+ 200-240+

HR data analytics

Legal Consultancy Real estate

Country Regional Country Regional Country Regional

HRIS / Data Analyst 60-80 70-80 70-90 80-100 60-80 70-80

HRIS / Data Manager 80-120 100-140 90-130 110-150 80-120 100-150

Head of HRIS/Analytics 120-180+ 140-200+ 140-200+ 150-240+ 140-120+ 150-240+

Payroll

Legal Consultancy Real estate

Country Regional Country Regional Country Regional

Payroll Associate 40-50 50-60 40-50 50-60 40-50 50-60

Payroll Manager 60-75 80-120 60-80 80-130 60-80 80-130

Head of Payroll 120-140+ 140-200+ 130-180+ 160-220+ 130-180+ 160-220+

Global mobility

Legal Consultancy Real estate

Country Regional Country Regional Country Regional

Global Mobility Specailist 50-100 60-130 50-120 60-140 50-120 60-140

Head of Global Mobility 100-130+ 120-150+ 100-150+ 150-220+ 100-150+ 150-220+

Salaries are in Singapore dollars (‘000s)

22
Asia HR market report and salary guide

Commerce and industrial | North Asia

2023 proved to be a dynamic and eventful year in
the commerce and industrial sectors, and the market
landscape has undergone some notable shifts in the
current year.

2023 proved to be a dynamic and eventful year in thinking companies are well-positioned to navigate
the commerce and industrial sectors, and the market these challenges and capitalize on emerging
landscape has undergone some notable shifts in opportunities within the evolving business landscape.
the current year. While larger players have shown a
In conclusion, the market in 2023 was characterized
decrease in investment in their HR functions, smaller
by activity and change in the commerce and industrial
and ambitious organizations have become more
sectors. The market dynamics have shifted, with
proactive. As we progress into 2024, we anticipate the
smaller players taking a more active role while the
larger players to regain momentum and become more
larger players are expected to regain momentum later
active in the latter part of the year.
in 2024. The job market remains highly competitive,
The job market remains exceedingly competitive, prompting HR professionals to be selective in
particularly in high-growth sectors where talent their career choices. Nonetheless, employers
pools are limited. Top HR professionals are now can differentiate themselves by reevaluating HR
more discerning in their career choices, seeking strategies and offering innovative benefits. Despite
opportunities that offer the ideal platform for personal the challenges that lie ahead, organizations exhibiting
and professional growth. Despite the intensified adaptability and strategic HR practices can position
competition for top talent, there are reasons to be themselves for success in the evolving business
optimistic. Employers can set themselves apart from landscape.
their competitors by reassessing their HR strategies
and introducing innovative employee benefits. Many
HR professionals who refrained from making job
transitions last year have become more active in their
pursuit of new opportunities this year.
Despite the challenges that lie ahead,
organizations exhibiting adaptability
It is important to acknowledge that the year ahead and strategic HR practices can position
will present its fair share of challenges. However,
themselves for success in the evolving
numerous organizations continue to experience
growth and success. By prioritizing adaptability
business landscape
and implementing strategic HR practices, forward-

Tony Ho
Head of North Asia
+852 3008 9054
[email protected]

23
Asia HR market report and salary guide

Commerce and industrial salaries | Hong Kong

Salaries are in Hong Kong dollars (‘000s)

Generalist/HR Business Partner

Manufacturing/ Pharmaceutical Technology FMCG

engineering

Country Regional Country Regional Country Regional Country Regional

Senior HR Executive/ 300-360 336-420 300-360 336-420 300-360 336-420 300-360 336-420
Advisor

HR Manager/Business 420-600 420-600 420-600 420-600 420-600 420-600 420-600 420-600

Partner

HR Operations Manager 420-600 420-600 420-600 420-600 420-600 420-600 420-600 420-600

HR Shared Services 420-600 420-600 420-600 420-600 420-600 420-600 420-600 420-600
Manager

HR Shared Services 720-960 720-960 720-960 720-960 720-960 720-960 720-960 720-960
Senior Manager

Senior HR Manager/ 720-960 720-960 720-1080 720-1080 720-1200 720-1200 720-960 720-960
Business Partner

Head of HR Operations 850-1300+ 850-1300+ 850-1400+ 850-1400+ 850-1600+ 850-1600+ 850-1300+ 850-1300+

Head of HR Business 1000-1400+ 1000-1400+ 1100-1800+ 1100-1800+ 1200-1800+ 1200-2200+ 1200-1700+ 1200-1700+
Partnering

Head of HR/HR Director 1300-2200+ 1700-2200+ 1400-1700+ 1700-3400+ 1800-2400+ 2200-3400+ 1800-2400+ 2200-3000+

Chief HR Officer 2200-3000+ 3000-4200+ 2200-3000+ 2200-3600+ 2400-3000+ 3600-4800+ 2400-3000+ 3600-4800+

Recruitment and talent acquisition

Manufacturing/ Pharmaceutical Technology FMCG

engineering

Country Regional Country Regional Country Regional Country Regional

Campus Recruiter 240-360 240-360 NA NA 300-420 300-420 240-360 240-360

Senior Campus Recruiter 360-480 360-480 NA NA 360-480 360-480 360-480 360-480

Campus Recruitment 600-720 600-720 NA NA 600-840 600-840 600-840 600-840

Manager

Head of Campus 850-1400+ 850-1400+ NA NA NA NA 960-1600+ 960-1600+

Recruitment

Recruiter 240-360 240-360 240-360 240-360 240-360 240-360 240-360 240-360

Senior Recruiter 360-480 360-480 360-480 360-480 360-480 360-480 360-480 360-480

Recruitment/Talent 600-720 600-720 600-720 600-720 600-720 600-720 600-720 600-720

Acquisition Manager

Head of Recruitment/ 850-1400+ 850-2000+ 850-1200+ 850-1700+ 960-1700+ 960-2400+ 960-1600+ 960-2000+
Talent Acquisition

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Asia HR market report and salary guide

Learning, talent development and management

Manufacturing/ Pharmaceutical Technology FMCG

engineering

Country Regional Country Regional Country Regional Country Regional

L&D Specialist 240-360 240-360 240-360 240-360 240-360 240-360 240-360 240-360

L&D Manager 600-720 600-720 600-720 600-720 600-720 600-720 600-720 600-720

Head of L&D 850-1400+ 850-2000+ 850-1200+ 850-1700+ 960-1700+ 960-2400+ 960-1600+ 960-2000+

Reward

Manufacturing/ Pharmaceutical Technology FMCG

engineering

Country Regional Country Regional Country Regional Country Regional

Reward (C&B) Analyst 240-360 240-360 240-360 240-360 240-360 240-360 240-360 240-360

Reward (C&B) Manager 600-720 600-720 600-720 600-720 600-720 600-720 600-720 600-720

Head of C&B 850-1400+ 850-2000+ 850-1200+ 850-1700+ 960-1700+ 960-2400+ 960-1600+ 960-2000+

HRIS and analytics

Manufacturing/ Pharmaceutical Technology FMCG

engineering

Country Regional Country Regional Country Regional Country Regional

HRIS/Data Analyst 240-360 240-360 240-360 240-360 240-360 240-360 240-360 240-360

HRIS/Data Manager 600-720 600-720 600-720 600-720 600-720 600-720 600-720 600-720

Head of HRIS/Analytics 850-1400+ 850-2000+ 850-1200+ 850-1400+ 960-1400+ 960-1700+ 960-1400+ 960-1700+

Salaries are in Hong Kong dollars (‘000s)

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Asia HR market report and salary guide

Commerce and industrial | Southeast Asia

Entering 2024, the Southeast Asia markets have undergone
significant dynamics across the region as we continue to see a
trend of relocation of regional headquarters and expansion of
commercial hubs.

Where cost is a consideration, we have observed Furthermore, there continues to be a strong demand
that countries such as Malaysia and Thailand agile and international HR professionals to across
continue to be a popular destination to qualify the many Asian and/or Singaporean based multinational
shift in business operations. With more than 75% companies with a strong interest to expand their
of professionals considering a move in 2024, it has international operations and/or outreach beyond.
increasingly become crucial to for HR professionals The need for HR transformation and modernization
to think beyond what had worked well in the past continues to be a key focus for such organisations
to attract, retain and develop an engaging with which generates a high level of interest, particularly
workforce across the Southeast Asia markets. for experienced hires in the market.

Despite the recent challenges in sectors such Additionally, as businesses continue to adapt to
as technology, FMCG and manufacturing, there evolving consumer demands and technological
continues to be an intensifying talent war as there advancements, strategic planning and agile decision-
are aplenty companies who are optimistic and bullish making will be crucial for navigating the uncertainties
in acquiring such talents that are hard to attract in of the market. Industries such as technology,
other times. This in turns has put pressure on HR healthcare, and sustainable energy are expected
professionals to devise beyond competitive talent to thrive, presenting significant opportunities for
acquisition strategies. Beyond a differentiation in HR leaders to enhance talent acquisition, retention,
employee benefits, flexible work arrangement and and development strategies. It’s imperative for HR
professional development opportunities, we have leaders to stay proactive, foster resilience, and seize
observed that there has been more emphasis on opportunities for growth amidst the challenges of
“skills-base” hiring instead of “role or industry base” 2024, ensuring that organizations have the right
hiring where companies are more receptive to people in place to drive success and innovation.
hiring strong talented individuals from slow growing
industries.

There continues to be an intensifying

talent war as there are aplenty
companies who are optimistic and
bullish in acquiring such talents that are
hard to attract in other times.

Ian Gerard Koh | Director May-San Ng | Director

+65 6420 0515 +65 6420 0515
[email protected] [email protected]

26
Asia HR market report and salary guide

Commerce and industrial salaries | Singapore

Salaries are in Singapore dollars (‘000s)

Generalist/HR Business Partner

Manufacturing/ Pharmaceutical Technology FMCG

engineering

Country Regional Country Regional Country Regional Country Regional

Senior HR Executive/ 40-60 40-60 40-70 40-70 40-70 40-70 40-60 40-70
Advisor

HR Manager/Business 60-80 60-100 70-100 70-120 70-100 70-140 70-100 70-120

Partner

HR Operations Manager 60-100 70-120 70-100 70-120 70-90 70-120 70-100 70-120

HR Shared Services 90-120 90-130 90-120 90-130 60-80 80-120 90-120 90-130
Manager

HR Shared Services 120-150 120-180 120-150 130-200 70-100 80-130 120-150 130-200
Senior Manager

Senior HR Manager/ 120-160 120-180 120-170 130-200 100-130 100-150 120-180 130-220
Business Partner

Head of HR Operations 130-180+ 150-200+ 130-180+ 150-200+ 150-200+ 150-220+ 130-180+ 150-200+

Head of HR Business 140-180+ 150-220+ 140-180+ 160-240+ 180-220+ 180-240+ 140-180+ 160-240+
Partnering

Head of HR/HR Director 180-240+ 180-250+ 180-240+ 200-250+ 150-220+ 180-240+ 180-240+ 180-250+

Chief HR Officer 200-280+ 250-350+ 200-280+ 280-350+ 200-250+ 300-400+ 200-280+ 250-350+

Recruitment and talent acquisition

Manufacturing/ Pharmaceutical Technology FMCG

engineering

Country Regional Country Regional Country Regional Country Regional

Campus Recruiter 40-60 50-70 40-60 50-70 40-60 50-70 40-60 50-70

Senior Campus Recruiter 60-80 70-90 60-80 70-90 60-80 70-90 60-80 70-90

Campus Recruitment 100-140 120-180 100-140 120-180 100-140 120-180 100-140 120-180
Manager

Head of Campus 160-200+ 220-250+ 160-200 220-250+ 160-200+ 220-250+ 160-200+ 220-250+
Recruitment

Recruiter 60-80 60-80 70-90 80-100 80-120 100-120 70-90 80-100

Senior Recruiter 80-100 80-100 90-110 100-130 90-130 120-140 90-110 100-130

Recruitment/Talent 100-160 120-180 120-180 130-200 120-180 150-220 120-180 140-200

Acquisition Manager

Head of Recruitment/ 140-180+ 150-200+ 180-250+ 220-300+ 180-250+ 220-300+ 180-250+ 220-300+
Talent Acquisition

27
Asia HR market report and salary guide

Learning, talent development and management

Manufacturing/ Pharmaceutical Technology FMCG

engineering

Country Regional Country Regional Country Regional Country Regional

L&D Specialist 70-90 70-100 70-90 70-100 70-90 70-100 70-90 70-100

L&D Manager 90-130 90-160 90-140 90-180 90-130 90-180 90-130 90-180

Head of L&D 150-200+ 170-230+ 150-200+ 170-230+ 150-200+ 170-230+ 150-200+ 170-230+

Reward

Manufacturing/ Pharmaceutical Technology FMCG

engineering

Country Regional Country Regional Country Regional Country Regional

Reward (C&B) Analyst 70-90 80-100 70-90 80-100 70-90 80-100 70-90 80-100

Reward (C&B) Manager 90-150 120-220 90-150 130-240 90-120 120-180 90-120 130-240

Head of C&B 180-220+ 250-300+ 180-250+ 250-300+ 180-250+ 250-300+ 180-250+ 250-300+

Benefits Associate 60-80 60-90 70-90 80-100 70-90 80-100 70-90 80-100

Benefits Manager 70-100 90-140 90-120 100-180 90-120 120-180 90-120 100-180

Head of Benefits 100-150+ 180-200+ 130-150+ 200-220+ 130-150+ 200-220+ 130-150+ 200-240+

HRIS and analytics

Manufacturing/ Pharmaceutical Technology FMCG

engineering

Country Regional Country Regional Country Regional Country Regional

HRIS/Data Analyst 60-80 60-90 60-80 60-90 60-80 60-90 60-80 60-90

HRIS/Data Manager 80-120 90-140 80-120 90-140 80-120 90-140 80-120 90-140

Head of HRIS/Analytics 140-180+ 180-240+ 140-180+ 180-240+ 140-180+ 180-250+ 140-180+ 180-240+

Salaries are in Singapore dollars (‘000s)

28
Asia HR market report and salary guide

Rest of Asia salaries

China Japan Indonesia Malaysia Thailand

RMB’000 JPY’000’000 Rp’000’000 RM’000 THB’000

Head of Global Mobility 900-1,200+ 8,000-12,000+ 1,500-2,000+ 330-380+ 3,500-4,000+

Head of Payroll 900-1,100+ 8,000-15,000+ 1,500-2,000+ 330-380+ 3,500-4,000+

Head of HRIS/Analytics 900-1,200+ 10,000-15,000+ 1,500-2,000+ 330-380+ 3,500-4,000+

Regional/Group Head of Reward 1,100-1,500+ 12,000-25,000+ 2,000-2,500+ 350-400+ 3,500-4,200+

Head of ER 800-1,200+ 16,000-21,000+ 1,500-2,000+ 350-400+ 3,500-4,000+

Head of HR Transformation 1,000-1,500+ 14,000-18,000+ 1,500-2,000+ 350-400+ 3,500-4,500+

Head of Organisation Design 1,000-1,300+ 16,000-30,000+ 1,800-2,300+ 350-400+ 3,500-4,500+

Head of D&I/Wellbeing 1,000-1,300+ 10,000-18,000+ 1,300-2,000+ 330-400+ 3,500-4,500+

Head of Learning and Talent 1,000-1,300+ 10,000-18,000+ 1,300-2,000+ 330-380+ 3,500-4,000+

Head of Recruitment/Talent Acquisition 900-1,300+ 10,000-20,000+ 2,000-2,700+ 350-400+ 3,500-4,500+

Head of Campus Recruitment 900-1,100+ 8,000-14,000+ 1,300-2,000+ 330-400+ 3,500-4,000+

Head of HR Operations 1,100-1,700+ 14,000-18,000+ 1,300-2,000+ 330-400+ 3,500-4,000+

Head of HR/HR Director 1,300-1,800+ 18,000-25,000+ 2,000-2,500+ 400-550+ 4,000-4,500+

Chief HR Officer (MD/Head) 1,500-2,200+ 30,000-80,000+ 2,500-3,500+ 550-800+ 4,500-5,500+

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Asia HR market report and salary guide

Our work across North Asia

Hong Kong China Japan
Chief HR Officer Talent Management Global Head of Rewards
Luxury retail Leader, Asia Automotive
Chief People Officer FMCG Head of HR, JAPAC
FMCG Head of HR, Greater China FMCG
Regional HR Director, Pharmaceutical Head of HR, Japan
APAC Learning Director, Asia Electronics
Engineering Luxury group Senior HR Director,
Group Head of Rewards Head of Rewards North Asia
FMCG Technology Diversified conglomerate
Global Head of Executive HR Director Country HR Director
Compensation Diversified conglomerate Technology
Luxury retail Head of HR, China Global Head of Talent
Chief People Officer Engineering consultancy Acquisition
Media Group HR Director, Electronics
SVP, HR Operations Greater China Regional Head of Talent
Banking International education Management
VP of HR, International Head of HR, China Banking
Apparel sourcing Legal
SVP, HR Head of Executive Search,
Banking APAC
Group Head of Luxury group
Talent Development
Luxury retail
Group Head of DEI
Luxury retail
Head of HR, APAC
Prop trading
Global Head of Talent
Development
Ultra luxury hospitality
Head of Early Careers
Talent Development
Retail banking
Head of HR, APAC
Legal

Korea
Senior HR Director
FMCG
Head of HR, Korea
F&B group
VP, Human Resources
Technology
Country Head of HR
FinTech
Global HR Director
Asian bank

30
Asia HR market report and salary guide

Our work across Southeast Asia

Singapore Thailand Malaysia

Global Head of HR (MD) Head of HR HR Director
Banking Industrial FinTech
Regional Head of HR, APAC Senior Vice President, HR Country Head of
FinTech UK international bank Human Resources
Group Head of Talent Senior HR Director Insurance
Acquisition Technology Regional Head of HR SEA
eCommerce Head of Talent Acquisition Investment Bank
Global Head of Rewards Technology Learning and
Asian conglomerate Rewards Director, SEA Development Director
HR Director APAC FinTech Technology
Investment management Vice President, HR
Head of HR, APME FMCG
Industrial Country HR Director
Regional Head of HR Pharmaceutical
and Operations Country HR
FMCG Business Partner
Senior Director, HR, APAC FinTech
Precision engineering Regional HR Director
Global Head of Talent Services
Acquisition
Hi-tech Vietnam

Global Head of Culture, Org VP, Human Resources

Development and Coaching FMCG
Banking Head of HR, VPT
Total Rewards Director, Industrial
APAC Country Head of HR
Luxury Technology
Regional Talent Director, Talent Management Leader
JAPAC Engineering
Pharmaceutical Director of HR
VP, Head of HR Business and Administration
Partnering, SEA Insurance
Tech unicorn
Group Head of Performance
and Reward
Banking
HR Director APAC
Legal
Group Reward Director Philippines
Insurance APAC HR Lead
Site HR Director Indonesia Professional Services
Pharmaceutical Rewards Director Executive Director Head of HR
Asia HR Director SEA Engineering UK International Bank
Luxury HR Director HR Director
SEA HR Head FMCG FinTech
Industrial Head of HR Country HR Head
Head of TA Technology Technology
Asian Conglomerate Country HR Director Head of Learning, PVT
CHRO US International Bank FMCG
Technology Regional HR Director VP Human Resources
APAC Head of HR SEA Automotive Luxury retail
Consumer Product
31
Asia HR market report and salary guide

Get in touch
Sean Tong
Partner | Head of Asia
+65 6420 0510
[email protected]

North Asia

Tony Ho Irza Joesoef

Head of North Asia Associate Director
+852 3008 9054 +852 7074 2799
[email protected] [email protected]

April Fan
Recruitment Consultant
+852 9298 1046
[email protected]

Southeast Asia

Charlotte Matthew May-San Ng

Partner | Head of Southeast Asia Director
+65 9352 8105 +65 6420 0527
[email protected] [email protected]

lan Gerard Koh Molly Griffin

Director Associate Director
+65 6420 0524 +65 8023 4393
[email protected] [email protected]

Sofia Wikho-Ng Daphne Ng

Associate Director Senior Consultant
+65 6420 0501 +65 6420 0534
[email protected] [email protected]

Caitlan Wong Tara Hogan

Senior Consultant Senior Consultant
+65 6420 0505 +65 6420 0506
[email protected] [email protected]

Janard Liew Kumud Nandwani

Consultant Senior Researcher
+65 6420 5332 +65 6420 0509
[email protected] [email protected]

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Asia HR market report and salary guide

About Frazer Jones

We’re a global HR executive search
and recruitment consultancy.

We help HR professionals thrive and empower HR We are part of The SR Group, a fast-growing and
leaders to put people and culture at the heart of hugely successful collection of specialist search and
their business – creating a more progressive future, recruitment consultancies covering everything from
for everyone. tax, treasury and senior finance, as well as legal, risk
and compliance to marketing, sales and HR.
We support companies of every size and within all
sectors, from professional services, retail, legal,
banking and financial services through to technology,
media and telecommunications, pharmaceuticals,
consumer and more.

USA
New York, Middle East
Orlando Dubai
UK and Ireland
London, Europe Australia
Birmingham, Amsterdam, Asia Sydney,
Bristol, Düsseldorf, Hong Kong, Melbourne,
Dublin Frankfurt, Milan Singapore Brisbane

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Asia HR market report and salary guide

Our offices

London +44 20 7415 2815 Dubai +971 4448 7775

Birmingham +44 121 387 3280 Singapore +65 6420 0515

Bristol +44 117 428 8599 Hong Kong +852 3008 9099

Dublin +353 1 568 2835 Sydney +61 2 9236 9090

Amsterdam +31 20 888 6230 Melbourne +61 3 8610 8450

Dusseldorf +49 211 2479 1130 Brisbane +61 7 3188 2530

Frankfurt +49 69 363 9632 30 New York +1 646-863-5381

Milan +39 02 8295 1730 Orlando +1 646 0933 0928

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