HONG KONG, Feb. 25, 2013 /PRNewswire/ -- Kelly Services, a world leader provider of workforce solutions, today launched the bilingual Kelly Services 2013 Salary Guide Greater China, a comprehensive reference tool on the salary trends and job titles in key industries and functions in Greater China. The aim of the annual Salary Guide is to provide strong insights into the salary ranges for professional and technical-level positions in the mid to senior level categories both in Mainland China and Hong Kong.
As a part of the salary guide in Hong Kong, Kelly released salary information covers Banking, Commerce (Finance & HR Roles), Information Technology and Insurance.
Alan Wong, Managing Director, Kelly Services Hong Kong said, "The salary ranges in this guide are indicative of actual transactions between employers and employees and represent a reflection of the marketplace. With the return of market confidence in 2013, we are observing a significant shift to a more positive outlook among leaders in the business community. As a benefit for all, organizations seem willing to move from merely surviving in the present environment, to investing in future growth. As outlooks improve, we are excited to observe a growing demand for candidates with solid accounting, insurance, and other financial skills."
Key findings from the Salary Guide in Hong Kong:
Banking – Chinese local banks will still be the key hirers in terms of volume, as the outlook of U.S. and European banks will be less positive. Relationship management and client-serving roles are in demand for many international banks.
Commerce (Finance & HR Roles) – The consumer market remains conservatively positive due to the influence from the Banking and Financial Services sector, which impacts the commercial Finance and Human Resources market. The commercial Finance positions that are high in demand are industry-specific senior financial analysts, finance managers, and controllers.
Information Technology – The demand for IT professionals in 2013 will be similar to 2012. IT professionals with 3-5 years experience will be in high demand for tackling new projects pertaining to development. However, concerns about the market outlook or that remuneration was not sufficiently attractive are the two factors that made it difficult to motivate "passive" candidates to consider looking at job opportunities. The salary review increment for IT professionals within the company was between 5-12%, and the increment percentage for switching to a new job could range from 10-20% for some entry-level positions.
Insurance – The demand for external consultancies should decrease as the market tries to find cost-optimizing measures and reduce their reliance on expensive resources. It will be an increase in demand for in-house positions such as lawyers, adjusters, auditors, and accountants. Insurance companies are looking to pay salary bonuses and willing to increase salaries upwards from 3% for natural progression, and 15% for new hires.
About Kelly Services Hong Kong
Kelly Services (NASDAQ: KELYA, KELYB) founded the temporary staffing industry in 1946, and has maintained leadership position through the years based on a valuable premise: Investing in people. Serving clients around the globe, Kelly provides employment to more than 560,000 employees annually. Kelly stepped into the Hong Kong market in 1999, and it offers a comprehensive array of executive search, permanent placement and professional contracting services in Hong Kong. Specialist divisions include Information Technology, Insurance, Banking & Finance and Consumer industries.
