Salary Rises Anticipated in Korea and Asia - Robert Walters
The 2012 Salary Survey reveals that salary rises in Korea and emerging economies in Asia are expected to outpace those in more established economies such as Japan and markets in Europe. In Seoul, the talent shortage for bilingual job-seekers is expected to boost salaries by 10-15% with similar levels anticipated in emerging economies across Asia. However, salary rises will be limited to professionals able to secure new employment as recruitment activity in Korea will remain restrained due to uncertain 2012 market conditions.
Professionals moving into new roles in the expanding Chinese market should earn substantial rises over 2011 levels with some areas like operations, supply chain management and accounting projecting salary increases of 15-30%.
Competition for bilingual talent should intensify in 2012 with globalisation strategies and investment into Asia expected to continue. Offshoring to Korea within some sectors is also anticipated as businesses in high-cost locations such as Japan look to manage costs.
Outlook for 2012 salary increases for specialist roles:
- Korea 10-15%
- China 15-30%
- Hong Kong 10-20%
- Japan 1-10%
- Malaysia 20-35%
- Singapore 15-20%
- Thailand 10-20%
- Vietnam 15-20%
For more comprehensive insight and detailed yearly salaries, please visit http://www.robertwalters.co.kr/en/career-advice/salary-survey.html
The Global Salary Survey
The Robert Walters Salary Survey provides an in-depth analysis of salaries and recruitment trends earned around the world. The Korea section covers accounting & finance and sales & marketing sectors.
About Robert Walters
Since our first office opened in London, England in 1985, Robert Walters has become one of the leading international recruitment consultancies operating across 23 countries in 47 offices worldwide. We use our distinct advantages of size, proven track record and unparalleled global network to provide permanent recruitment solutions across all industry sectors and levels of seniority. www.robertwalters.co.kr
Website: http://www.robertwalters.co.kr
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Anthony Modrich, Korea Country Manager
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This news is a press release provided by Robert Walters.