69% of employers planning to increase salaries this year, report says
HR leaders in Hong Kong are earning up to HK$200,000 a month as the financial hub sees high hiring demand amid low supply of talent available.
McKinley's Salary Guide for Hong Kong found that regional HR directors with the highest level of seniority and over 15 years of experience are the industry's highest earners with a HK$200,000 a month of salary.
Regional HR directors at low seniority levels are earning HK$100,000, while those with median seniority levels get HK$180,000 a month.
For other roles in HR Management, their monthly salaries are at:
For HR Generalist roles, their earnings per month are:
For talent acquisition roles, their salaries are:
For learning and development roles, their earnings are:
For compensation and benefit roles, their salaries per month are:
For Human Resource Information System (HRIS) roles, their monthly earnings are:
For Payroll and Employee Engagement positions, their salaries are:
The data of HR professionals' monthly earnings come as the report said salaries in most of Hong Kong's sectors saw "significant growth" throughout 2022.
It found that 54% of Hong Kong-based employers raised salaries to retain existing staff, as they struggle against professionals leaving, lower talent arrival, as well as offshoring of numerous functions.
This year, 69% of employers are anticipating that salaries will rise in their sector, as 60% are concerned that they'll lose staff due to higher earning potential in other places.
Meanwhile, the report also found that employers are most likely looking for talent for the following areas:
Employers are also in search for talent with the following skills and experience: