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CHINA
2014 SALARY GUIDE
All rights reserved. No part of this book may be reproduced or transmitted in any form without the written permission from Kelly
Services China. The information contained in the Salary Guide is intended for educational purposes only. Kelly Services China
takes no responsibility for any liabilities that emerge based on the information contained in this guide.
ABOUT KELLY SERVICES
Kelly Services, Inc. (NASDAQ: KELYA) (NASDAQ: KELYB) is a leader in providing
workforce solutions. Kelly offers a comprehensive array of outsourcing and
consulting services as well as world-class staffing on a temporary,
temporary-to-hire and direct-hire basis. Serving clients around the globe, Kelly
provided employment to approximately 540,000 employees in 2013. Revenue in
2013 was $5.4 billion.
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kellyservices.cn
2 3
TABLE OF CONTENTS
47 Banking
57 Information Technology
51 Commerce (Finance and HR)
55 Industrial and Manufacturing
45 Executive Overview
43 Kelly
In Hong Kong
65 Healthcare and Life Sciences
61 Insurance
67 Retail (Sales and Marketing)
Banking, Finance and Commodities 16
Chemical 22
26 Consumer
6 Executive Overview
8 Automotive
4 Kelly
In China
Healthcare and Life Sciences 30
32 Human Resources
Industrial and Manufacturing 34
38 Information Technology and Telecom
5 4
KELLY IN CHINA
Kelly Services is a Fortune 500
HONG KONG
2014 SALARY GUIDE
43 44
KELLY IN HONG KONG
Kelly Services Hong Kong offers a comprehensive array of workforce
solutions. With our Kelly 360 talent solution, comprising recruitment,
consultancy, and outsourcing, we are dedicated to making it easy for
any aspiring company to build a motivated workforcewhile
measurably enhancing its company brand.
Our insightful searches based on quality, not quantity
Kelly Recruitment never fills vacancies with a barrage of CVs. Our resourceful consultants
leverage a unique talent mapping process and extensive referral network to pinpoint
perfectly qualified candidateseven those who may not be actively searching the job
market. When screening potential hires, our expert professionals pay close attention to
benchmarking each persons personality and work ethics against different corporate values
and cultures.
This is particularly important when hiring overseas. While some international agencies will
routinely refer such requests to other offices, we rigorously follow each commission through
at every step to ensure the eventual hire is a perfect fit.
The bespoke talent management consultancy
Kelly Consultancy is our clients ideal strategic partner when undertaking both large-scale
hires and management changes. Always astute, our professionally accredited HR specialists
handle every facet of our clients' recruitment needsfrom initial assessment, transition, and
development, right through to C-level succession planning.
Our professional consultants are also skilled in mitigating clients against increasingly
common risks from organizational effectiveness and workforce planning, to global mobility
and market labor research.
Innovative outsourcing solutions
Kelly Outsourcing is our clients extended office. We take care of day-to-day tasks so that
their staff can be freed up to build their core businesses:
Our Independent Contractor Solution (ICS) recognizes the emerging trend of skilled
talent who prefer a free-agent work style. The service provides an efficient means to attract
and engage this freelance and independent contractor population. Whether our clients are
in need of temporary staffing or longer-term contracting solutions, they will be able to
benefit from this valuable contingent workforce with minimal risks.
Our Recruitment Process Outsourcing (RPO) practice is a global leader in enterprise-wide
recruiting, placement, and retentionwhich efficiently sources and matches top-quality
talent across all disciplines, job levels, and geographies to different corporate cultures.
Our customized Business Process Outsourcing (BPO) service combines strategic
expertise and proven, controlled processes with full accountability in all areasboosting
productivity, efficiency, and reducing costs via superior customer satisfaction levels.
Our Contingent Workforce Outsourcing (CWO) suite of services comprises a comprehensive
family of independently contractor managed solutions, such as evaluation, classification and
risk mitigation. Limiting our clients exposure to liability fines and penalties associated with
worker misclassification, CWO also makes it easier for them to access critical talent.
EXECUTIVE OVERVIEW
We are pleased to share with you our views on Hong Kongs employment outlook and
salary forecast in our Kelly Services Hong Kong 2014 Salary Guide. The compilation of job
titles and salary ranges collected are a reflection of actual transactions between employers
and employees, and they represent an accurate picture of the marketplace.
In 2014, though not free of uncertainty, the U.S. economy is looking more optimistic with a
continuation of real growth. The European economy also seems to be finally turning
around with some slow growth visible. Closer to home, Chinas aggressive and credible
reform program, announced in the Third Plenum in November 2013, will lead Chinas
burgeoning growth in the past years to be more sustainable and consistent with the higher
income levels in the economy.
We foresee industries in Hong Kong that rely either on global demand or China economic
development to enjoy stable growth in the coming twelve months. Yet according to the
2018 Human Resources Forecast, published by the Hong Kong SAR Government last
year, we learned that Hong Kong is on course to face talent shortage in 2018, mainly due
to the citys aging population and skill set shortage in particular segments.
To date, labor shortage has already surfaced across certain industries, eg. IT professionals
with three to five years experience, frontline staff of consumer banks, and salesmen and
salesladies in various industries. Though the Hong Kong SAR Government is actively trying
to address the issue, it is also the responsibility of HR professionals like you and me to
start collaborating. We need to get our creative juices flowing to offer solutions that will
help Hong Kong sustain a favorable future and will help promote a healthy hiring climate.
Our Kelly 360 talent solutionwhich comprises recruitment, consultancy, and
outsourcingis ready to assist you in attracting, retaining, and recognizing top talent who
best embodies your corporate vision and values, and to help you weather the hiring
challenges ahead. How do we identify and engage the best talent for 2014 and beyond?
How should we address the talent shortage at the entry level? How can we curtail the
problem of insufficient frontline staff? How do we motivate and engage the youngest
members of the workforce, Generation Z? We look forward to sharing with you our studies
and data to identify solutions to these issues.
We hope this Kelly Services Hong Kong 2014 Salary Guide will serve as your handy
reference tool and will be resourceful to your business. This guide is but a start of our
commitment to you this year. We are always on hand to share with you our data on
specific HR issues and assist you in developing talent management strategies and
programs to meet your needs.
Alan Wong
Managing Director
Kelly Services Hong Kong
46 45
48 47
BANKING
Risk and compliance continued to be a
busy area across the board in 2013, as
regulatory compliance was a key focus
for the larger global banks. As a result, a
number of "cost" areas and non-core
business sectors/departments were
scaled back in terms of human capital to
increase spend elsewhere. However,
looking forward to 2014, we should see a
return to renewed emphasis on revenue
generating areas, most likely in the
private banking/wealth management
areas. Toward the end of 2013, we were
already seeing a demand for new head-
count in this space as new team setups
were being plannedalong with existing
team expansions. Banks will also need to
provide customers with a richer product
mix and more competitive pricing
strategies in these areas, so we should
see higher demand for not only strong
relationship managers here. The same
holds true for corporate banking.
The IPO market in Asia should be a busy
one for 2014 with a positive effect on
hiring. The continued growth of the
middle class in China and in Southeast
Asian countries such as Indonesia have
led to increased consumer demand,
resulting in a favorable climate for
companies across all sectors to consider
initiating their own IPOs.
Risk management and compliance will
continue to be strict, while cost manage-
ment and operational efficiency will be
key for growth. Likewise, there is added
focus on improving customer experience,
ensuring high return on capital, and
specializing in core competencies of the
bank. Large banks will specialize in
selected markets or customer segments
with tailor-made products and reduce
focus on non-core businesses. Midsized
banks are expected to focus more on
organic growth; and the smaller banks
are compelled to start focusing more on
regulatory requirements.
It has now come to be accepted that
huge increases in salaries and big
bonuses are in vogue and probably won't
be for a long time to come. Monetary
increases for new hires will still always be
sought. However, we believe that more
candidates are also after solid career
plans and interesting challenges in a
perspective new opening, along with a
clearer promotional path and career
growth in the medium to longer term.
Work-life balance has also become a
more important factor when candidates
consider a change in jobs.
BANKING
Occupation Title
Analyst
Associate /
AVP /
Manager
VP /
Senior
Manager
SVP /
Director
Executive
Director /
Managing
Director
Range of Annual Base Salary (HKD)
Relationship Management /
Wealth Management
Relationship Management 250 480k 500 700k 750 900k 900k 1.2m 1.2m+
350 450k 500 850k 900k 1.2m 1.4 1.8m 1.8m+
600 850k 850k 1.2m 1.2 1.8m 1.8 2.4m 2.5m+
300 500k 500 900k 1.0 1.5m 1.8 2.3m 2.5m+
600 850k 850k 12m 1.0 1.5m 1.7 2.5m 2.5m+
550 800k 850k 1.2m 1.0 1.5m 1.6 2.4m 2.5m+
500 700k 700k 1.0m 1.6 2.0m 2.0 2.5m 2.8m+
400 600k 700k 1.0m 1.2 1.5m 1.8 2.5m 2.8m+
240 400k 400 500k 600 750k 800k 1.0m 1.0 1.5m
Trade Finance
Institutional Sales
Sales
Relationship Management
Investment Consulting
Portfolio Management
Fund Management
Consumer Banking Front Office
Corporate Banking Front Office
Investment Banking Front Office
Capital Markets Front Office
Private Banking Front Office
Private Equity
Asset Management
Hedge Funds
BANKING
Occupation Title
Analyst
Associate /
AVP /
Manager
VP /
Senior
Manager
SVP /
Director
Executive
Director /
Managing
Director
Range of Annual Base Salary (HKD)
200 360k 360 600k 650 850k 850k 1.2m 1.2m+
320 450k 450 650k 700 950k 1.0 1.2m 1.2m+
280 480k 500 900k 900k 1.2m 1.5 2.0m 2.0m+
300 500k 500 750k 800k 1.0m 1.2 1.6m 2.0m+
200 340k 350 750k 800k 1.5m 1.5 2.0m 2.0m+
260 440k 440 800k 900k 1.5m 1.6 2.0m 2.0m+
340 450k 500 800k 850k 1.2m 1.2 1.5m 1.5m+
260 440k 440 800k 900k 1.2m 1.5 1.8m 2.0m+
280 450k 500 750k 800k 1.2m 1.5 2.0m 2.0m+
Operations Settlement
Operations Documentation
Operations Trade Support
Financial Control / Reporting
Management Reporting
Internal Audit
Treasury Accounting
Product Control
Project Management
Middle & Back Office / Financial Accounting
320 480k 500 900k 1.0 1.5m 1.5 2.0m 2.0m+
300 450k 480 850k 950k 1.4m 1.5 1.8m 1.8m+
250 450k 600 900k 1.0 1.5m 1.5 2.0m 2.0m+
280 450k 500 750k 800k 1.2m 1.5 2.0m 2.0m+
Market Risk
Credit Risk
Operational Risk
Compliance /
Anti-Money Laundering
Risk & Compliance
50 49
COMMERCE (FINANCE & HR)
2014 will be another year of moderate
growth. The commercial sector will
continue to demand talent with financial
planning and analytical capability. From
an HR perspective, professionals in
training and development with Mandarin
capability will continue to be highly
sought after. With China cities as regional
hubs for MNCs, yet with a shortage of
talent with regional experience, there will
be more opportunities for candidates
from Hong Kong and around Asia to
relocate to China. However, with air
pollution and food safety concerns, inter
alia, the best candidates will generally
have stronger preferences for cities such
as Hong Kong.
On a whole, we believe companies will
continue to be challenged for identifying
suitable middle to senior candidates with
Mandarin capabilities who are willing to
travel for up to 50 percent of their time.
Also, it is imperative for middle to senior
Hong Kong managers to maintain their
competitiveness by developing their
strategic capability. Further, the growing
importance of the Asian and Chinese
markets has prompted more MNCs to
hire and develop employees who add
value by thinking creatively on top of
their operational strengths.
We believe the 2014 average salary
increment will remain around 15 percent
for job-switching. Though salary levels
will continue to be a major factor when
attracting talent to make a move, other
factors such as career progression and
work-life balance cannot be downplayed.
For example, a company going through
an IPO may attract candidates looking for
that exposure. A candidate who may
want to increase his international scope
for better progression and package in
the future may find positions with
regional exposure appealing. Hiring roles
that traditionally require substantial labor
time, such as month-end accounting or
accounts receivable, may require
work-life balance initiatives to make the
roles more desirable. We also expect an
outsourcing trend in finance and HR to
bud and grow.
52 51
10 15+ 1.0 1.5m 1.4m+
8 12+ 720k 1.0m 1.0m
5 10+ 480 720k 720k 1.0m+
3 5+ 264 360k 480 720k
10 15+ 1.0m+ 1.4m+
8 12+ 720k 1.0m 1.0m
5 10+ 480 720k 720k 1.0m+
3 5+ 250 360k 480 720k
Director
Regional Manager
Manager
Executive / Officer
Director
Regional Manager
Manager
Executive / Officer
HR Generalist
10 15+ 1.0m+ 1.4m+
8 12+ 720k 1.0m 1.0m
5 10+ 480 720k 720k 1.0m+
3 5+ 250 360k 480 720k
Director
Regional Manager
Manager
Executive / Officer
Compensation & Benefits
Talent Acquisition
COMMERCE (FINANCE & HR)
FINANCE
Commerce & Industry
Range of Annual Base Salary (HKD)
12 15+ 1.4 2.0m
10 15+ 1.0 1.2m
8 12+ 720k 1.0m
8 12+ 650 720k
3 5+ 320 480k
3 5+ 200 320k
10 15+ 1.0m+
CFO
Director
Regional Controller
Controller
5 10+ 480 650k Finance Manager
Accountant
AP / AR Accountant
Head of Audit
Financial Accounting
3 5+ 480 650k
5 10+ 720k 1.0m
10+ 720k 1.0m
8 10+ 650 720k
Internal Auditor
Internal Audit Manager
Head of Planning & Analysis
Manager
3 5+ 320 480k
8 10+ 1.0m+
3 8+ 480 650k
Analyst
5 8+ 480 650k Senior Analyst
Head of Treasury
Treasury Accountant
COMMERCE (FINANCE & HR)
HR & Administration
Occupation Title Experience (yrs)
Commerce & Industry Financial Institution
Range of Annual Base Salary (HKD)
10 15+ 1.0m + 1.4m+
8 12+ 720k 1.0m 1.0m
5 10+ 480 720k 720k 1.0m+
3 5+ 250 360k 480 720k
Director
Regional Manager
Manager
Executive / Officer
6 10 250 360k N/A
3 5 250 360k N/A
6 10 360 420k 480 720k
3 5 250 360k 360 420k
Office Manager
Office Manager
Personal Assistant
Personal Assistant
6 10 360 420k 480 720k
3 5 250 360k 360 420k
0 10 250 360k 250 360k
Executive Secretary
Executive Secretary
Administrative Manager
Training & Development
Business Support
Occupation Title Experience (yrs)
Audit / Internal Control
Management Accounting and Planning & Analysis
Treasury
54 53
INDUSTRIAL AND MANUFACTURING
Range of Annual Base Salary (HKD)
15+ 1.5m+
12+ 900k 1.2m
12+ 1.2 1.5m
10 15 600 900k
8 12 500 800k
12 15 480 720k
General Manager (Regional)
General Manager (Country)
Production Director (Regional)
Production Manager
12+ 700k 1.0m Marketing Director (Regional)
Marketing Manager
Quality Manager
General Management
15+ 800k 1.1m
5 10 300 480k
8 15 480 720k
15+ 800k 1.1m
Quality Director (Regional)
Quality Specialist
Sales Manager
Head of Sales (Regional)
8 15 600 900k Procurement Manager
15+ 800k 1.2m
8 15 600 900k
Procurement Director (Regional)
Planning Manager
15+ 800 1.2m
8 15 600 900k
8 15 480 720k
Supply Chain Director (Regional)
8 15 600 900k Supply Chain Manager
18+ 1.2 1.6m Head of Supply Chain
Planning Manager
Distribution Manager
5 10 360 500k
3 8 240 360k
Senior Supply / Demand Planner
Planner
Occupation Title Experience (yrs)
Quality
Procurement
Sales
Supply Chain
56 55
INDUSTRIAL AND MANUFACTURING
In 2014, though with uncertainty, the European economy is
showing some fragile recovery. Additionally, the U.S. market
seems to see a turning around. We believe the shrinkage of
the market that we have seen will start to hold stable, and the
companies will emerge from it slimmer and fitter. Overall,
companies will shift to value-based management and induce
tailor-made solutions for the different business lines. For instance,
collections of customized supply chains will further emerge to
address the varied market needs of each business unit.
As a whole, broad industry hiring trends will be hard to find.
Instead, hiring needs are becoming company-specific and
contingent upon individual business focuses and requisites,
allowing talent demand to be averaged across different roles
and levels. From top management to frontline staff, the
industry is demanding higher-caliber candidates with strength
not only in operationsbut with flexible entrepreneurial
mindsets, a continuously learning attitude, and a macro sense
of the market and business as a whole.
Same as before, project management, marketing, and sales
will be the key roles to fill. We expect salary increment to be
around 5 10 percent. Apart from salary, other factors such as
job stability, company culture, and working environment are
among the more important factors that could attract talent.
INFORMATION TECHNOLOGY
2014 is expected to be a year of healthy, stable growth both in
the commercial and financial services sectors. The global big
data trend driven by cloud computing and mobile computing will
continue to drive up the talent demand of certain skill sets in the
areas of CRM, data analyses, digital marketing, SEO, and SEM.
Both IT hardware and software companies will continue to
benefit from the rapid development of e-commerce and digital
payment, sustaining a positive hiring sentiment. The demand of
talent involving big data and its associated technologies will
surge, and we are seeing new titlessuch as chief data officer
emerging as commercial decisions rely more on data.
Regardless, we will also continue to see movements in the
industry resulting from healthy structural adjustments and
company reorganizations. For example, among the middle
management, an overloaded senior IT manager position will be
replaced by two junior positions, each with a more streamlined
focus, infrastructure, and application, per se. For senior
positions, the number of expatriate packages will decrease and
will become slowly replaced by returnees for their overseas
experience and unique skills.
The salary review increment for IT professionals will be around
10 15 percent for job-switching; middle-level contract staff will
receive around similar level at 10 20 percent; while the more
junior contract positions can go up as much as 20 percent or
more. We see contract staffing being a haven for the more junior
and fresher candidates, as employers welcome their flexibility
and open-mindedness to merge in with the company processes.
INFORMATION TECHNOLOGY
Executive / General Management
Occupation Title
(Middle to Senior Level)
Experience
(yrs)
Banking Non-Banking Banking Non-Banking
Contract Positions Permanent Positions
Range of Annual Base Salary (HKD)
CIO / CTO
Head of IT (Regional)
Head of IT
Service Delivery Manager
IT Manager
Business Analyst
Project Manager
Project Analyst
Solution Architect
IT Audit / Security
Storage Specialist
Database Administrator
15+
12 15
10 15
10 15
8 12
8 12
8 12
5 8
8 12
5 8
3 5
3 5
5 8
5 8
3 5
3 5
3 5
5 8
3 5
2.8 3.5m
1.2 1.8m
900k 1.5m
720k 1.2m
600 900k
720k 1.2m
700k 1.0m
300 500k
800k 1.2m
420 600k
420 540k
300 480k
540 720k
540 720k
420 540k
420 540k
420 540k
420 540k
360 480k
2.2 2.8m
1.0 1.6m
720k 1.2m
480 800k
400 720k
480 800k
480 800k
240 360k
600 900k
360 520k
360 460k
260 400k
450 600k
450 600k
360 460k
360 460k
360 460k
360 460k
300 480k
N/A
N/A
N/A
900k 1.2m
500 650k
600 950k
600 800k
400 500k
600 950k
420 650k
280 400k
300 480k
500 650k
450 700k
300 450k
350 500k
280 400k
240 360k
200 300k
N/A
N/A
N/A
600 900k
450 550k
500 700k
500 600k
Program Manager 10 15 900k 1.3m N/A 450 600k 400 550k
300 450k
Project Management Officer 8 12 600 900k 400 720k 500 650k 450 550k
500 750k
Network Specialist 5 8 540 720k 450 600k 480 600k 400 600k
360 550k
240 360k
260 400k
350 550k
400 600k
250 400k
250 350k
240 360k
200 300k
180 250k
Helpdesk Specialist
5 8 540 720k 450 600k 480 600k 400 600k System Adminstrator
Project Management
Infrastructure
57 58
INFORMATION TECHNOLOGY INFORMATION TECHNOLOGY
Software / Application Development
Occupation Title
(Middle to Senior Level)
Experience
(yrs)
Banking Non-Banking Banking Non-Banking
Contract Positions Permanent Positions
Range of Annual Base Salary (HKD)
Application Manager
System Analyst
Analyst Programmer
Programmer
Application Support
Technical Manager
Head of e-Commerce
Head of Data Analyses
CRM / Data Analyst
UX Specialist
8 12
5 8
2 5
0 2
3 5
3 5
8 12
12+
12+
5 8
5 8
5 8
5 8
600 960k
480 600k
360 540k
180 300k
N/A
360 540k
N/A
N/A
N/A
N/A
N/A
N/A
480 720k
420 540k
300 420k
160 260k
720k 1.0m
N/A
1.2m+
800k+
360 600k
360 600k
240 480k
480 720k
550 700k
450 600k
250 450k
160 250k
N/A
350 500k
N/A
N/A
N/A
N/A
N/A
N/A
480 650k
420 540k
210 400k
140 210k
500 650k
240 350k
N/A
Trade Floor Support 420 600k N/A 420 550k N/A
N/A
Application Manager 8 12 N/A 600 900k N/A 450 550k
N/A
Online Merchandising Manager 5 8 N/A 360 600k N/A N/A
Information Architect
SEO / SEM
Graphic Designer
5 8 N/A 480 720k N/A N/A
400 500k
200 300k
N/A
e-Commerce
IT Sales
Occupation Title
(Middle to Senior Level)
Experience
(yrs)
For Financial
Institutions
For Commercial For Financial
Institutions
For Commercial
Contract Positions Permanent Positions
Range of Annual Base Salary (HKD)
Regional Sales Director
Business Development Manager
(Regional)
Business Development Manager
Pre-sales Consultant (Regional)
Pre-sales Consultant
15+
8 12
8 12
8 12
3 5
1.8m+
1.2 2.0m
800k 1.2m
900k 1.5m
550 900k
1.2m+
800k 1.2m
550 900k
720k 1.2m
420 600k
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
650 950k
350 600k
60 59
INSURANCE
With a global perspective, the GDP
growth projections for many countries
look positive. Major insurers are by now
well-capitalized and staffed to take on
new opportunities and the corresponding
challenges. 2014 will be a year of growth
for many insurers around the world. The
APAC region will be a key focus area for
business expansion of insurance
companies in the coming two years.
Being one of the more mature markets in
the APAC region, Hong Kong will see
growth in this sector. However, it will not
grow as aggressively as the booming,
emerging Asian neighbors, or as robustly
as Singaporewhich many insurers deem
an up-and-coming market.
In 2014, we expect another cautious yet
productive year for insurers in Hong
Kong. The consolidation of the insurance
industry will continue in 2014 as many
international insurers continue to explore
M&A opportunities within APAC. With
the change, insurer-bank partnerships
will strengthen more than we had seen
before. Among the various insurance
sectors, we expect a surge in demand in
the following areas:
Life:
Pension (as the average age of local
Hong Kongers increases)
Non-Life:
Employee benefits and employee
compensation (as the medical
reformation from 2013 continues)
Specialty insurance: catastrophe risk
(as individuals continue to be more
aware of the environment and change
in climate)
Across the board, junior positionssuch
as assistant managers, managers, and
business development positionswill
continue to be in high demand. Similarly,
more senior positions will be sought.
Insurers may continue to face tight talent
supply in the market in more senior
positions areas, such as actuarial science.
Insurers tend to hire both senior and
middle management candidates with
experience, and a good supply is opting
for experienced Hong Konger returnees
from overseas. In particular, insurers
value the training and the different
selling techniques these candidates bring
with them. Expatriates are less preferred
if a local Hong Konger or returnee is
available, for cost reasons.
Overall, we foresee insurance companies
being willing to increase salaries by three
to five percent for natural progression,
and more than 15 percent for hiring
experienced candidates. With a more
stable economy, candidates who used to
mainly look for stability and salary growth
when considering new jobs now tend to
have more concern over career
aspirations and professional growth.
62 61
INSURANCE INSURANCE
Underwriting
Occupation Title
Experience
(yrs)
Life Non-Life Re-Insurance Broking
Range of Annual Base Salary (HKD)
Regional Head
Regional Manager
Head of Department
Manager
Manager
Head of Department
Department Head
Manager / Senior Manager
Senior Manager
Business Development Director
Manager
10+
10+
8 10
6 8
6 8
8 10+
10+
6 10
10+
6 8
8 10
1.2 1.7m
800k 1.2m
700k 1.2m
550 800k
550 800k
700k 1.2m
1.5m+
660k 1.0m+
950k 1.4m
280 450k
400 700k
1.2 1.7m
800k 1.2m
700k 1.2m
550k 750k
550 750k
700k 1.2m
1.5m+
660k 1.3m
950k 1.4m
280 450k
400 700k
1.4 1.9m
800k 1.3m
700k 1.2m
650 950k
650 950k
700k 1.2m
1.5m+
800k 1.4m
950k 1.4m
280 450k
400 700k
1.2 1.7m
800k 1.2m
700k 1.2m
550 800k
Regional Head 10+ 1.0 1.4m 1.0 1.4m 1.0 1.5m 1.0 1.4m
550 800k
700k 1.2m
Regional Manager 7 10+ 800k 1.2m 800k 1.2m 800k 1.3m 800k 1.2m
1.5m+
660k 1.3m
Assistant Manager 3 6 450 630k 450 630k+ 450 630k+ 450 630k+
Analyst / Senior Analyst 1 3 180 420k 180 420k+ 180 420k+ 180 420k+
950k 1.7m
400 650k
600 900k
Occupation Title
Experience
(yrs)
Life Non-Life Re-Insurance Broking
Range of Annual Base Salary (HKD)
Compliance
Regional Head
Regional Manager
Head of Department
Manager
Manager
Regional Manager
Comptroller
Head of Operations
Regional Manager
Manager
10+
7 9
8 10
6 8
6 8
8 10+ years
7 10+ years
8 10+
6 8
10+
1.0 2.0m
540 900k
960k 1.3m
420 720k
450 700k
1.1 1.5m
800k 1.3m
650 850k
380 720k
550 800k
1.0 2.0m
540 900k
960k 1.3m
420 720k
450 700k
1.1 1.5m
800k 1.3m
550 750k
350 700k
550 800k
1.2 2.4m
600 940k
980k 1.5m
480 760k
450 700k
1.1 1.5m
800k 1.3m
650 850k
400 800k
550 800k
1.2 2.4m
600 940k
980k 1.5m
480 760k
Head of Marketing 10+ 900k 1.5m 800k 1.4m 900k 1.5m 900k 1.5m
450 700k
Senior Manager 8 10 650 850k 550 750k 650 850k 650 850k
1.1 1.5m
CFO 10+ years 1.4 1.8m+ 1.3 1.8m 1.3 1.8m 1.3 1.8m
800k 1.3m
Manager 6 10 600k 960k 450 760k 600 960k 500 760k
COO 10+ 900k 1.5m 800k 1.4m 900k 1.5m 900k 1.5m
650 850k
350 700k
550 800k
Claims
Actuary (Qualified)
Business Development / Sales
Marketing
Accounting / Finance
Operations / Administration
64 63
HEALTHCARE AND LIFE SCIENCES
Range of Annual Base Salary (HKD)
15+ 800k 1.2m
5+ 400 650k
15+ 900k 1.3m
10+ 600 900k
5+ 400 800k
5+ 250 500k
Sales Director (Regional)
Area Manager
Marketing Director
Marketing Manager
8+ 350 600k Medical Affairs Manager
Product Manager
Clinical Project Manager
Pharmaceutical
7+ 350 650k
6+ 250 500k
12+ 900k 1.3m
Clinical Research Manager
Quality Manager
8+ 350 800k Regulatory Manager
Sales Director
5+ 400 650k Area Manager
10+ 600 800k
8+ 250 550k
8+ 250 650k
Marketing Manager
5+ 350 650k Product Manager
15+ 800k 1.3m Marketing Director
Q&A Manager
Regulatory Manager
15+ 1.0 2.0m R&D Director
Occupation Title Experience (yrs)
Medical Devices
HEALTHCARE AND LIFE SCIENCES
With a robust APAC market, we saw business development and
sales activities in the healthcare and life sciences sectors
increase in countries such as China, India, and Japan. In 2013,
there were even a few large players setting up their head
operation and sales offices in China or Taiwan.
In 2014, we foresee the midsized international pharmaceutical
companies, which used to only have offices in the U.S. and
Europe, continuing to seek growth opportunities in Asia. Hong
Kong will continue to be a popular choice for regional offices
alongside Singapore and Shanghai.
Skill sets required in the industries will shift toward becoming
even more country-specific. Native tongue and local
experience will become more significant requirements. With a
decrease in demand for expatriates in senior management
positions, Hong Kong professionals who have China and
international experience, travel experience, and language skills
are more sought after for senior management roles. Yet overall,
riding on the growth of the industries in China, we foresee a
growing demand in functions such as sales and marketing.
In-field professionals may expect around a 10 percent salary
increment in 2014. Though the conservative industry clouds a
cautious attitude towards job-switching, good career prospects
is vital to induce a move.
65 66
RETAIL (SALES & MARKETING)
In 2014, the relatively weak Hong Kong
dollar will continue to sustain the citys
retail competitiveness in APAC. Yet, we
expect the luxury brands in Hong Kong
to slow down their expansion. In early
2014, we see international luxury retailers
dropping their retail price in China to
make it more attractive to retain luxury
purchases in the mainland. This will
inevitably have an impact on Hong Kong
luxury retailers whose business relied
heavily on Chinese tourists in the past
few years. Regardless, there will still be
late-coming international luxury brands
entering the APAC and China market,
setting up new stores or taking over their
Hong Kong operation from their
consignees. Some luxury retailers also
have interest in playing direct roles in
travel retail by setting up their own
stores in the airport. On the other hand,
we expect positive growth in the tier-two
luxury and mass retail with more players
entering the market.
In Hong Kong, given that most tenants in
key shopping centers have rental
agreements tied to their turnover
performance, there is a close relationship
between sales growth and rent. To curtail
rent increases coupled with the eCRM
and global big data trend, we foresee
the retail brands accelerating the pace of
their e-commerce developmentleaving
their retail space for building brand and
customer experience. Also with unique
brand experience being a key factor in
building and retaining VIP customers,
sizeable retailers will put more effort into
retaining their middle to senior talent
within the company.
Inevitably, there will be a surge in
demand for training professionals and
e-commerce related specialists, eg.
digital marketing, CRM, data analysis and
social media. Roles in visual design, visual
merchandising, PR, and events will
continue to enjoy positive growth.
Middle and senior managers will
continue to have more opportunities to
widen their exposure in China. Though
hiring of the luxury retail brands will likely
be natural replacements, frontline sales
will continue to be in high demand across
the board. Overall, we expect a 15 20
percent salary increment for natural
progression, and around 20 percent for
new hires.
68 67
RETAIL (SALES & MARKETING)
Occupation Title Experience (yrs) Range of Annual Base Salary (HKD)
15+ 1.0m+
10+ 1.0m+
10+ 1.0m+
8+ 1.0m+
8+ 550 780k
5+ 494 650k
Managing Director
General Manager
Head of Retail
Retail Director
8+ 715 975k Retail Manager (Regional)
Retail Manager
Wholesale Manager
8+ 650 780k
8+ 1.0m+
Wholesale Manager (Regional)
Travel Retail Director
5+ 416 520k Travel Retail Manager
5+ 585 754k Sales Manager (Regional)
5+ 455 715k
5+ 585 780k
8+ 715 780k Brand Manager
8+ 754k 1.0m+ Marketing Director
3+ 260 300k Marketing Executive
5+ 455 715k Marketing Manager
CRM Manager
Digital Marketing Manager
5+ 390 500k PR / Communications Manager
5+ 520 715k
8+ 650 845k
5+ 585 720k
PR / Communications Manager (Regional)
Merchandising / Buying Manager
5+ 320 500k Merchandiser / Buyer
10+ 900k 1.0m+ Head of Visual Merchandising
Visual Merchandising Manager
3+ 260 300k Visual Merchandising Executive
10+ 840k 1.0m+ Training Director
5+ 456 845k Store Design Manager
5+ 455 730k Training Manager
3-5 years 240 400k Trainer
5+ 455 520k
5+ 715k 1.0m+
Store Manager Mass Retail
5+ 780k 1.0m+ Store Manager Luxury Watch & Jewelry
Store Manager Luxury Fashion &
Leather Goods
5+ 360 520k Area Manager
70 69
RETAIL (SALES & MARKETING)
Executive Management
Occupation Title Experience (yrs) Range of Annual Base Salary (HKD)
Marketing
Sales and Operation
Merchandising / Buying
Store Design
Training
Guangzhou
Unit 02-03, 23/F, Onelink Center,
No. 230,232 Tianhe Road, Tianhe District
Guangzhou PRC 510620
Tel: (86-20) 8364 4280
Shanghai
Unit 1705-1706, K. Wah Center,
No. 1010 Huai Hai Middle Road, Xuhui District,
Shanghai PRC 200031
Tel: (86-21) 5403 1333
Beijing
Unit 801, 8th Floor, SK Tower,
No.6A, Jianguomenwai Avenue, Chaoyang District
Beijing PRC 100022
Tel: (86-10) 6588 5258
Suzhou
Room 0606-0607, Blk1A, Singa Plaza
No. 8 Zhong Xin Avenue, SIP
Suzhou PRC 215021
Tel: (86-512) 6761 0160
Chengdu
Unit 2808, One Aerospace Center,
7 Xin Guang Hua Street, Jinjiang District
Chengdu PRC 610016
Tel: (86-28) 6283 3466
Hong Kong
15/F Prosperity Tower,
39 Queens Road Central, Hong Kong
Tel: (852) 2281 0000
Fax: (852) 2281 0099
Email: info@kellyservices.com.hk