Firms make attractive offers to lure managers, report says
More than half of Hong Kong's employers will pay 10per cent more to attract managers, according to a quarterly report by recruitment firm Hudson. When asked about the average increases they expected to pay to attract new managerial staff, 59per cent of respondents said they had to increase pay by more than 10per cent, and 19per cent said they expected to increase the offer by more than 20per cent. Compared with data for the first quarter last year, there were slight increases in both responses. Pay increases for new recruits were particularly high in the information technology and technology sector - 32per cent said they would pay increases of more than 20per cent. Hudson said this was due to a significant shortage of financial IT specialists and high demand from banks.
HR professionals in Britain are well paid
Human resources professionals in Britain can earn more than #140,000 (HK$2.14 million) a year, according to a salary survey conducted by recruitment consultancy FSS. British-based HR Magazine reported on the survey and said the average human resources director's salary in London was #100,000 a year, while the same post in the public sector earned an average salary of #70,000. The report also found that companies were increasingly seeking HR experts to have certain skills, such as the ability to speak a second language and knowledge of international employment law, to meet the globalisation of business.