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Salary Guide 2020
Download Hong Kong Salary Guide 2020
The Michael Page Salary Benchmark is our annual salary guide developed as a reference for hiring managers and job seekers to make informed employment decisions in Hong Kong. The guide benchmarks the salaries of various job functions across different sectors, including Finance & Accounting, Technology, as well as Sales and Marketing. Leveraging data from Michael Page’s proprietary data and network, the guide provides precious insights to hiring trends and market sentiments in the Asia-Pacific region.
Furthermore, an additional section, titled “What is the Hong Kong workforce thinking”, will delve into the specifics of what Millennials and Generation X are thinking with regard to work, including topics like:
Average salary increase when changing jobs*
|Consumer & Retail||12 - 18|
|Financial Services & Fintech||10 - 15|
|Industrial Manufacturing & Healthcare||10 - 15|
|Private Practice||12 - 21|
|Property & Construction||10 - 20|
|Services||10 - 15|
* Data is derived from July 2018 to June 2019, and is validated against insights from our leaders’ and consultants’ interactions with clients and candidates.
How can the report benefit you?
- Understand factors that attract and retain talent
- Project reasonable talent cost based on hiring forecast
- Discover top reasons for resignation
- Find out potential roles to upskill for
- Cite informed salary expectations when switching jobs
- Discover trending skills for your job function
Hong Kong Salary Benchmark 2020 Country Insights: Business unite around Hong Kong bounce-back
On behalf of Michael Page, I am delighted to welcome our partners to the latest Salary Benchmark report for Hong Kong, as well as to express my excitement for the new decade, particularly in a city with such immense talent potential.
Recent times have clearly been tough, and it is important to acknowledge the fact that Hong Kong has changed. Throughout the turbulence, Michael Page has kept its focus on strong partnerships. We have spent a lot of time helping our teams and partners remain positive and enabled. As ever, our primary concern is helping our clients change lives; by realising their expansion plans through astute hiring moves.
Digital transformation remains the topic of the moment for businesses. Particularly, we see enormous potential for Financial Services as fintech and cryptocurrency-based companies grow fast, leveraging on Hong Kong’s powerful strategic location. Even while things have been slower on the retail front, e-commerce remains bullish, with businesses finding innovative means to reach and engage with customers.
In terms of competitiveness, the Hong Kong business fundamentals continue to show positive signs. In its annual Global Competitiveness Report released in late 2019, World Economic Forum put Hong Kong third overall globally, rising four places — and enjoying perfect marks for macroeconomic stability and health, with a 10-year average annual GDP growth at a healthy 3%. High-demand profiles include candidates with strong service sector experience, as well as those skilled in data analytics, technology, business development and FMCG sectors.