There was a strong demand for high-calibre HR professionals with strong commercial sense and communication skills in the first half of 2015 as organisations required their HR teams to evolve into a business partnering function. With a growing focus on talent attraction and retention, active hiring was also seen in many specialist HR positions.
Talent management was one of the most sought-after areas as companies were keen to build a sustainable talent pipeline by identifying and growing high-potential employees. Compensation & benefits (C&B) specialists were also in high demand to design competitive remuneration and reward strategies. In particular, we saw an increase in demand for professionals working in C&B consulting firms to move in-house, as their strong project management skills and ability to gain stakeholders’ buy-in are critical attributes for C&B positions. At the senior-level, many companies hired commercially-minded candidates who could think out of the box to assume Head of HR positions, as they were required to help revamp human capital strategies and drive business efficiency.
On the contract side, C&B specialists were equally sought-after, in particular junior candidates who could help with the payroll function. There was also strong demand for senior HRIS professionals with experience leading HRIS integration projects to manage the upgrading and integration of HR information systems. Other in-demand positions included in-house recruiters who could oversee the full recruitment process, and junior candidates with generalist experience across various HR functions to help with expanding the HR team.
Looking ahead, the jobs market for HR professionals will remain strong as HR continues to develop into a value-add function. We expect to see a growing demand for professionals with experience in change management and employee relations as businesses go through more changes in a potentially volatile market. Due to the limited supply of talent, job movers for both permanent and contract positions could command an average increment of 15%.
For the full report and latest salary information, please click to download the Robert Walters 2015 Hong Kong Market Update - Human Resources.
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