China Salary Survey 2011
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china
As the Chinese economy quickly recovered from the global financial crisis, investor and consumer confidence improved rapidly in 2010. Seeking to capitalise on strong market conditions, most multinationals looked to continue with their expansion plans into China. Recruitment activity increased in the first half of 2010 and peaked between April and June, before maintaining this momentum during the second half of the year. While most industries experienced growth, the banking and financial services, luxury and retail sectors hired in particularly high volumes. While the local talent pool remained limited, we nonetheless saw some top-tier local professionals offered C-level executive positions or roles at VP and director level. At the middle to senior level, compensation packages were more aligned to regional salary levels in Hong Kong and Singapore. Expatriates were increasingly willing to accept local compensation packages as they sought to gain exposure to the Chinese market.
We anticipate continued business investment in the Chinese economy in 2011, which will prompt increased hiring activity. Professionals with experience in the sales and marketing, supply chain, finance, IT and HR functions are expected to be in strong demand. The financial services, professional services, luxury and retail sectors will remain the key target industries for the majority of high-calibre professionals. In the year ahead, job seekers are also likely to be more proactive in pursuing relocation and work transfer opportunities, fuelled by a more efficient transportation system (such as the high-speed trains connecting eastern China, Beijing, Shanghai and Hong Kong). This could in turn contribute towards the balancing of salary and compensation structures between the various cities. Salary rises are likely to be around 10% across various industries and roles in China, while top-tier candidates may be able to command increases of approximately 15-30%. Attractive compensation packages will be the primary motivation for key talent in this candidate-driven market.
Robert Walters Global Salary Survey 2011
country overview
SHANGHAI
ACCOUNTING&FINANCE
Ouraccounting&financedivisioninChina specialisesintherecruitmentofmidto seniorlevelfinanceprofessionalsforlisted, multinational,smallandmediumsized businesses(SMEs)andnewly-quoted companieswithinthecommercesector. Therewasparticularlystrongdemandfor experiencedfinancialplanningandanalysis (FP&A)professionalsacrossthemanufacturing andretailsectorstosupportinternational companies’operationsinChina.Average salaryincreasesforthesecandidatesranged between10-15%. Themanufacturingsectorcontinuesto contributeamajorpartofChina’sGDP growth.Companiesthatexceededtheiryearly targetshavestartedtobuilduptheircontrol andfinancialanalysisfunctiontoensurea sustainablebusinessmodel.Weanticipate thatmanufacturingcompanieswhich haveestablishedoperationsinChinawill consolidateandrestructuretheirbusinesses inordertoprovidegreaterefficiencies.Many willalsobelookingtorelocatetotheoutskirts ofChinainordertoreducecosts.Retaining headcountwillbeakeychallengeforthese companiesthroughout2011.
SHANGHAI ACCOUNTING&FINANCE
221
SHANGHAI ACCOUNTING&FINANCE
MarketOverview
Shanghaihastraditionallybeenthegateway forforeigncompaniesseekingtoexpand theirbusinessesinmainlandChinaandisan importanttradinghub.Asglobaldemandfor goodsandservicesincreased,Asiarecovered stronglyfromtheeconomicdownturn.Many internationalcompaniestookthisopportunity toincreasetheirstrategicpresenceinChina andasaresultsteppeduptheirhiring activitiesinShanghai.
Outlookfor2011
Weexpectdemandforfinanceprofessionals tocontinue,withtheFMCGandretail/luxury sectorsfuellingthisgrowth.Withanincreasing focusonthedomesticconsumermarket, multinationalsarecompetingforfinance professionalswhohavestrongcommercial exposureandexperienceinlocalpractices. Asmoreandmoreorganisationschooseto basetheirregionalheadquartersinShanghai, multiculturaltalentwithregionalexperiencewill alsobeinhighdemand.
ROLE
PERMANENT SALARYPERANNUM¥RMB 2010 2011 ¥1.4-2.2m ¥800k-1.5m ¥400-800k ¥150-400k ¥800k-1.4m ¥600-900k ¥300-600k ¥150-400k ¥800k-1.2m ¥400-800k ¥800-1.5m ¥400-1.0m ¥200-400k ¥800k-1.2m ¥400-600k ¥800k-1.5m ¥500k-1.0m
ChiefFinancialOfficer(18+yrs'exp) InternalAuditDirector(12+yrs'exp) InternalAuditManager(8+yrs'exp) InternalAuditor(4+yrs'exp) FinanceDirector(15+yrs'exp) FinancialController(12+yrs'exp) FinanceManager(8+yrs'exp) FinancialAnalysis(4+yrs'exp) FinancialPlanning&AnalysisDirector(15+yrs'exp) FinancialPlanning&AnalysisManager(8+yrs'exp) TaxDirector(12+yrs'exp) TaxManager(8+yrs'exp) AccountingManager(6+yrs'exp) TreasuryDirector(12+yrs'exp) TreasuryManager(8+yrs'exp) Mergers&AcquisitionsDirector(12+yrs'exp) Mergers&AcquisitionsManager(8+yrs'exp)
NB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.
¥1.3-2.0m ¥800k-1.5m ¥400-800k ¥150-400k ¥800k-1.3m ¥600-900k ¥300-600k ¥150-400k ¥700k-1.1m ¥400-700k ¥800k-1.3m ¥400k-1.0m ¥200-400k ¥800k-1.2m ¥400-600k ¥800k-1.4m ¥400-800k
RobertWaltersGlobalSalarySurvey2011
SHANGHAI
BANKING&FINANCIALSERVICES-FRONTOFFICE
Ourfinancialservices(frontoffice)recruitment divisioninChinaspecialisesintherecruitment ofexperiencedfrontofficeprofessionalsfor establishedfinancialservicescompanies, includinginvestmentandconsumerbanks, privateequityfirms,insurancecompaniesand fundmanagementandsecuritieshouses. Asaresult,weexpectbankstoestablish morebranchesinChina,furtherfuellingthe demandforrelationshipmanagers,retail bankingproductdevelopmentspecialists andmarketingprofessionalstopartnerwith retailers.Weexpectthesebankstocontinue toofferhighersalariestoattractexperienced professionals.
SHANGHAI BANKING&FINANCIALSERVICES-FRONTOFFICE
SHANGHAI BANKING&FINANCIALSERVICES-FRONTOFFICE
ConsumerBanking MarketOverview
TheconsumerbankingmarketinChinais largelydominatedbydomesticChinesebanks (foreignbankstooklessthan5%oftotal marketshare).Foreignbanksissuedalimited numberofbranchlicensesandfocusedmainly ontheaffluentretailmarketsegment(i.e. providingbankingservicestohighnetworth individuals).Thisledtostrongdemandfor experiencedrelationshipmanagers. However,seasonedbankerswhowere bilingual(EnglishandMandarin)withthe necessarybankingexperiencewereinshort supply.Inresponse,internationalbankshired candidateswithasalesbackgroundfrom otherindustries,orevengraduatesfreshoutof university. Salariesincreasedprogressivelyinlinewith thisshortageofexperiencedprofessionals, withaminorityoftop-tierbankerswithsolid regulatoryrelationshipsreceivingrisesofupto 60%.
CorporateBanking MarketOverview
In2010themajorityofforeignbanks’ corporatebankingservicesfocusedon internationalcompaniesthatwerelooking toenhancetheirpresenceinChina.Many oftheproductofferingsweretraderelated orintheformofdepositsandloans.Banks hiredrelationshipmanagerswhowerebilingual (EnglishandMandarin)withastrongexisting networkofcorporateclientrelationships.The majorityofsalaryofferswerecompetitivewith averagerisesrangingbetween18-30%for thosemovingroles.
Outlookfor2011
WeexpectChinesecompaniestocentralise theirtreasuryfunctionsforcontrolpurposes, whichwillresultinprovisionalofficesholding lowerlevelsofdeposits.Bankswilllookto diversifyfromtraditionallendingservicesand expandtheircashmanagement,tradefinance andothercapitalmarketproducts. Chinesecompanieswillcontinuetosetup businessesinoverseasmarkets,enabling themtoserviceclientswhichrequirebotha regionalandglobalbankingplatform.Asa result,weexpectbankstopayhighersalaries toattractexperiencedrelationshipmanagers withasolidunderstandingoftraderelated products,especiallythosewhohavetheability toservicemultinationalorganisationsorlarge domesticcompanies.
Outlookfor2011
Astradingpartnerslookedtoreducetheir tradesurpluswithChinaandgiventherapid riseinpercapitaincome,weexpectthe country'sfuturegrowthtobeexportrather thanconsumptionled.Thereisalsoan expectationthatgovernmentregulations relatingtoforeignbanksoperatinginthe retailmarketwillbefurtherrelaxed.Thiswill eventuallyallowinternationalbankstooffer moreretailbankingservices,specificallyinthe areasofcreditcardandwealthmanagement.
RobertWaltersGlobalSalarySurvey2011
222
SHANGHAI
BANKING&FINANCIALSERVICES-FRONTOFFICE
ROLE PERMANENT SALARYPERANNUM¥RMB 4-8YRS'EXP 2010 InvestmentBanking InvestmentBanking DebtCapitalMarkets EquityCapitalMarkets Corporate&InstitutionalBanking CorporateBanker CashManagementSales TradeFinanceSales TransactionalBankingProductDevelopment ConsumerBanking PriorityBanker PrivateBanker InvestmentAdvisors ¥350-700k ¥300-650k ¥320-680k ¥180-350k ¥190-360k ¥190-360k ¥200-380k ¥120-280k ¥180-360k ¥180-320k 2011 ¥380-800k ¥300-680k ¥320-700k ¥190-420k ¥200-400k ¥200-400k ¥220-400k ¥150-320k ¥180-480k ¥180-380k
SHANGHAI BANKING&FINANCIALSERVICES-FRONTOFFICE
223
SHANGHAI
8+YRS'EXP 2010 ¥700k+ ¥650k+ ¥680k+ ¥350k+ ¥360k+ ¥360k+ ¥380k+ ¥280k+ ¥360k+ ¥320k+ 2011 ¥800k+ ¥680k+ ¥700k+ ¥420k+ ¥400k+ ¥400k+ ¥400k+ ¥320k+ ¥480k+ ¥380k+
BANKING&FINANCIALSERVICES-FRONTOFFICE
NB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.
RobertWaltersGlobalSalarySurvey2011
SHANGHAI
BANKING&FINANCIALSERVICES-MIDDLE/BACKOFFICE
MarketOverview
2010sawhighlevelsofrecruitmentactivity withinthefinancialservicesindustryorganisationsrecruitedonareplacementbasis asstaffmovedonandalsocreatednewroles astheylookedtogrow.FromJulyonwards weobservedanincreaseddemandfor experiencedstafffrommiddleandbackoffice supportfunctionssuchasoperations,finance, audit,legal,compliance,riskmanagementand projects/changemanagement. ofoverseasprofessionalslookingtoworkin China,localcandidateswerestillgenerallyin greaterdemandovertheirmoreexperienced foreigncounterparts. continuetodevelop,weanticipateasurge indemandforcommoditytradeoperations andtreasuryoperationsprofessionalstodrive revenuewithinfinancialinstitutions.Dynamic leaderswillalsobehighlysought-afterasfirms shifttheirfocustobuildingastrongoperations pipeline. WeexpectMandarinlanguageskillsto becomeincreasinglyimportant,especially withinthecompliance,legalandrisk managementfields.Asthedemand forcompliance,creditrisk,marketrisk, operationalriskandBaselIIcontinuestogrow, thelimitedtalentpoolislikelytoputmore pressureonsalaries.Assuch,organisations arelikelytoconsideroverseasChinese returneesandcandidatesfromneighbouring countrieswiththerelevantMandarinlanguage skills. ExperiencedALCO/AssetLiability Management(ALM)/treasurycandidates arealsolikelytobeindemandasthebanks seektomanagetheircapitaladequacy, liquidity,funding,transferpricing,balance sheetmanagement,businessperformance andinterestraterisk.Withtheshortageof talentforsuchnicheskills,globalfinancial institutionswillcontinuetosecondtheir stafffromoverseasofficesintoChinafora limitedtime(e.g.uptotwoyears),withthe expectationthatthelocalstaffwilleventually stepuptotherole. Wehavealsowitnessedtheoutsourcingof certainfinancefunctionstolower-costcities suchasChengdu,Guangzhou,Hangzhouand Tianjinandthistrendwillmostlikelycontinue into2011.Althoughthemoreaffordablecities mightbenefitfromlowersalaries,attracting localtalenttoworkinthesesecondorthirdtier locationscanpotentiallyposeanewchallenge foremployers.
SHANGHAI BANKING&FINANCIALSERVICES-MIDDLE/BACKOFFICE
SHANGHAI
RiskManagement&Compliance
AsscrutinyfromChineseregulatorybodies intensifiedandbanksimplementednew globalriskmanagementapproaches,wesaw demandforcreditrisk,operationalrisk,Basel II,generalcompliance,anti-moneylaundering (AML)andbusinesscomplianceprofessionals increase. Astheycontinuedtoexpand,wewitnessed foreignbankscompetingforcandidates fromabusinesscompliancebackground, especiallywithinthewholesalebanking andSMEmarkets.CandidateswithAML experiencewerealsoinstrongdemandand oftenreceivedmultiplejoboffers,withmany commandingsalarypremiums.
BANKING&FINANCIALSERVICES-MIDDLE/BACKOFFICE
Operations
Astheneedforoperationsstafftosupport treasurytradingamongtheforeignbanks increased,experiencedcandidateswith projects,treasuryproductandtradefinance (especiallyinthecommoditiessector)skillsets wereparticularlyindemand. Mostsalariesareexpectedtoincreaseby approximately10%in2011.However,a numberoftop-tiercandidateslookingto changejobsgenerallyexpectmarkedsalary incrementsofbetween20-40%beforethey moveintonewrolesandinsomeexceptional cases,candidatesexpectsalaryincrements rangingbetween50-100%,particularlyfor topcandidateswithnicheskillsetsorrelevant overseasexperience. Whilemoreoverseasprofessionalsbecame interestedinworkinginChina,mostemployers onlyhiredcandidatesfromabroadforroles requiringspecificskillsetsorspecialist knowledge.Generally,firmspreferredtorecruit fromthelocaltalentpool,whichprovedlargely sufficienttomeetdemand. Whilethelocaltalentpoolwasmostly sufficientforthebackofficefunctions,there wereinstanceswhereemployershired overseascandidatestofillcertainroles, particularlyforthosewhichrequiredspecific skillsetsorspecialistknowledgesuchas productcontrol,operationalriskandmarket risk.Althoughtherewasanincreasingnumber
Accounting&Finance
ForeignbanksinChinatypicallypreferred experiencedlocalregulatoryreporting expertswhohadagoodrelationshipwith Chineseregulators.Professionalswithpeople managementskills,astrongcommand oftheEnglishlanguageandstakeholder managementexperiencewereparticularly sought-after. Wesawarisinginterestanddemandfor qualifiedaccountantswithstrongproducts experience,publicaccountingandstakeholder managementexperience.Organisationshad difficultyfindingprofessionalswiththeseskill setsandmanylookedtootherAsianmarkets -suchasHongKongandSingapore-tofill thegap.
Outlookfor2011
Organisationsareexpectedtocontinuetheir expansionplansin2011andweshouldsee anincreaseinhiringactivitiesthroughout theyear.Astheimportandexportmarkets
RobertWaltersGlobalSalarySurvey2011
224
SHANGHAI
BANKING&FINANCIALSERVICES-MIDDLE/BACKOFFICE
ROLE PERMANENT SALARYPERANNUM¥RMB 2010 2011
SHANGHAI BANKING&FINANCIALSERVICES-MIDDLE/BACKOFFICE
225
SHANGHAI BANKING&FINANCIALSERVICES-MIDDLE/BACKOFFICE
RiskManagement&Compliance HeadofCompliance-CommercialBanking HeadofCompliance-RetailBanking RetailBankingComplianceManager HeadofCompliance-CorporateBanking CorporateBankingComplianceManager HeadofAML AML/MonitoringManager RetailBankingOperationalRiskHead AVPRetailBankingOperationalRisk CorporateBankingOperationalRiskHead AVPCorporateBankingOperationalRisk HeadofCreditRisk CreditRiskManager-RetailBanking CreditRiskManager-CorporateBanking RecoveryManager HeadofMarketRisk MarketRiskManager HeadofBaselII BaselIIManager
NB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.
¥900k-1.7m ¥720-850k ¥450-650k ¥800k-1.0m ¥500-700k ¥800k-1.3m ¥420-600k ¥500-600k ¥300-400k ¥650-750k ¥450-600k ¥800k-1.1m ¥500-700k ¥600-800k ¥300-540k ¥900k-1.2m ¥400-600k ¥700-800k ¥400-550k
¥1.1-2.2m ¥750-900k ¥450-700k ¥900k-1.2m ¥500-900k ¥800k-1.6m ¥550-700k ¥500-600k ¥300-450k ¥650-800k ¥500-650k ¥800k-1.4m ¥500-850k ¥600-900k ¥320-600k ¥900k-1.4m ¥500-700k ¥850k-1.0m ¥400-550k
RobertWaltersGlobalSalarySurvey2011
SHANGHAI
BANKING&FINANCIALSERVICES-MIDDLE/BACKOFFICE
ROLE PERMANENT SALARYPERANNUM¥RMB 2010 2011
SHANGHAI BANKING&FINANCIALSERVICES-MIDDLE/BACKOFFICE
SHANGHAI BANKING&FINANCIALSERVICES-MIDDLE/BACKOFFICE
Accounting&Audit ChiefFinancialOfficer HeadofFinancialControl ManagerofFinancialControl HeadofGroupReporting ManagerofGroupReporting HeadofManagementInformation ManagerofManagementInformation HeadofRegulatoryReporting ManagerofRegulatoryReporting HeadofRetailBankingProductAccounting ManagerofRetailBankingProductAccounting HeadofCorporateBankingProductAccounting ManagerofCorporateBankingProductAccounting HeadofExpenseControl ManagerofExpenseControl HeadofTax TaxManager HeadofInternalAudit InternalAuditManager
NB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.
¥1.2-2.0m ¥600k-1.0m ¥420-550k ¥500-600k ¥350-450k ¥500-600k ¥350-450k ¥300-500k ¥400-550k ¥500-700k ¥350-450k ¥600k-1.0m ¥400-550k ¥300-450k ¥200-350k ¥450-700k ¥300-450k ¥600k-1.0m ¥400-500k
¥1.4-2.3m ¥700k-1.1m ¥450-600k ¥600-700k ¥350-550k ¥600-700k ¥350-500k ¥400-650k ¥400-550k ¥600-750k ¥450-600k ¥600k-1.0m ¥500-650k ¥300-450k ¥200-350k ¥500-750k ¥300-450k ¥700k-1.2m ¥500-650k
RobertWaltersGlobalSalarySurvey2011
226
SHANGHAI
BANKING&FINANCIALSERVICES-MIDDLE/BACKOFFICE
ROLE PERMANENT SALARYPERANNUM¥RMB 2010 2011
SHANGHAI BANKING&FINANCIALSERVICES-MIDDLE/BACKOFFICE
227
SHANGHAI BANKING&FINANCIALSERVICES-MIDDLE/BACKOFFICE
Operations HeadofOperations HeadofTreasuryOperations ManagerofTreasuryOperations HeadofCorporateBankingOperations CorporateBankingOperationsManager HeadofRetailBankingOperations RetailBankingOperationsManager HeadofChangeManagement ChangeManagementManager HeadofClientServices ClientServiceManager HeadofTradeOperations TradeOperationsManager HeadofBranchOperations BranchOperationsManager HeadofCustodianOperations CorporateActionsManager FundAccountingManager HeadofCustodianClientService CustodianClientServiceManager
NB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.
¥550-800k ¥550-650k ¥400-500k ¥500-600k ¥400-500k ¥400-500k ¥300-400k ¥500-600k ¥350-450k ¥550-650k ¥400-500k ¥300-400k ¥250-350k ¥400-500k ¥250-350k ¥700-800k ¥230-300k ¥230-300k ¥700-800k ¥500-700k
¥700-850k ¥600-750k ¥450-550k ¥600-750k ¥500-600k ¥450-550k ¥300-400k ¥600-750k ¥400-500k ¥600-750k ¥500-650k ¥350-450k ¥250-350k ¥500-650k ¥300-500k ¥800k-1.0m ¥300-400k ¥300-400k ¥800k-1.0m ¥600-800k
RobertWaltersGlobalSalarySurvey2011
SHANGHAI
CONSUMERSALES&MARKETING-FMCG&COSMETICS
OurFMCGandcosmeticsteamfocuseson recruitingsalesandmarketingprofessionalsat themanagertodirectorlevel,whichincludes rolessuchasnationalkeyaccountmanager, nationalsalesmanager/director,trade marketingmanager/director,productmanager, brandmanagerandtrainingmanager. businessexpansion.Additionally,candidates withexcellentcommunicationskills,leadership abilitiesanddynamicpersonalitiesare expectedtobehighlysought-after. Weanticipatethatmostsalarieswillincrease by10%in2011.However,candidateslooking tochangejobsgenerallyexpectmarkedsalary incrementsofbetween15-25%whenmoving intonewroles.
SHANGHAI CONSUMERSALES&MARKETING-FMCG&COSMETICS
SHANGHAI CONSUMERSALES&MARKETING-FMCG&COSMETICS
MarketOverview
2010sawstrongrecruitmentactivityasthe marketrecoveredfromtheglobalfinancial crisisandbenefitedfromstimuluspackages implementedbytheChinesegovernment. Middletoseniorlevelcandidatesweremost indemand,especiallykeyaccount,brand andtrademarketingmanagerswithexcellent languageandpresentationskills.Professionals withrelevantmultinationalexperiencewho couldgeneraterevenueforthebusinesswere particularlysought-after. Candidateswerehighlyoptimisticand proactiveinswitchingjobs.Whilesalary levelswerelargelysteady,someemployees expectedmodestincreasestomakeupfor thesalaryfreezestheyexperiencedduringthe recessionin2009.Withagrowingshortage ofexperiencedseniormanagementtalent,we witnessedsomemultinationalcorporations increasinglyconsideringoverseascandidates tobridgethegap.
Outlookfor2011
Weexpectthemarkettogrowin2011as companiescontinuetorollouttheirexpansion planswithintheChinesemarket.Wealso anticipatethatmanycompaniesfromtheUS andEuropewillconsideroutsourcingjobsto ChinaandothercountriesinAsiaduetothe moreaffordablelabourcostsandavailabilityof manpowerintheregion. Consumerproductsectors(suchasretail, pharmaceutical,professionalservicesand banking)arelikelytoactivelyhiresalesand marketingprofessionalswithexperiencein theFMCGindustrytoprovidesupportfor
RobertWaltersGlobalSalarySurvey2011
228
SHANGHAI
CONSUMERSALES&MARKETING-FMCG&COSMETICS
ROLE PERMANENT SALARYPERANNUM¥RMB 2010 2011
SHANGHAI CONSUMERSALES&MARKETING-FMCG&COSMETICS
229
SHANGHAI CONSUMERSALES&MARKETING-FMCG&COSMETICS
Cosmetics Division/BrandGeneralManager MarketingDirector MarketingManager NationalSalesDirector NationalSalesManager NationalSalesOperationManager GroupProductManager SeniorProductManager RegionalSalesManager TradeMarketing/SpecialEventManager PublicRelationsManager TrainingManager VisualMerchandisingManager FMCG SalesGeneralManager MarketingGeneralManager NationalSalesDirector NationalMarketingDirector NationalKeyAccountDirector NationalTradeMarketingDirector NationalSalesOperationDirector NationalSalesManager NationalMarketingManager RegionalSalesManager NationalKeyAccountManager RegionalMarketingManager SeniorProduct/BrandManager NationalTradeMarketingManager Product/BrandManager RegionalTradeMarketingManager
NB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.
¥800k-1.5m ¥700-900k ¥500-700k ¥700-900k ¥600-800k ¥350-550k ¥350-500k ¥300-450k ¥250-450k ¥180-350k ¥250-450k ¥200-400k ¥200-400k ¥1.0-1.5m ¥1.0-1.5m ¥600k-1.0m ¥600k-1.0m ¥500-800k ¥500-750k ¥500-750k ¥350-500k ¥350-500k ¥250-450k ¥250-450k ¥250-450k ¥200-400k ¥150-350k ¥150-350k ¥150-300k
¥1.0-1.5m ¥800k-1.0m ¥500-700k ¥700-900k ¥600-800k ¥400-600k ¥350-500k ¥300-450k ¥250-450k ¥250-400k ¥250-400k ¥250-400k ¥200-350k ¥1.5-2.0m ¥1.5-2.0m ¥800k-1.5m ¥800k-1.2m ¥650k-1.2m ¥650k-1.0m ¥500-800k ¥400-600k ¥400-600k ¥300-500k ¥300-500k ¥300-500k ¥250-450k ¥250-450k ¥200-400k ¥200-400k
RobertWaltersGlobalSalarySurvey2011
SHANGHAI
CONSUMERSALES&MARKETING-PROFESSIONALSERVICES
Ourprofessionalservicesteamspecialises inrecruitingmidtoseniorlevelprofessionals forintegratedmarketingfunctionsand professionalserviceproviders.Werecruitfor manyleadingcompaniesacrosstheFMCG, pharmaceuticalandhealthcare,retailand luxurysectors,aswellasconsultingfirmsand serviceproviders. Someofthekeyfunctionswefocusoninclude CRM,e-commerce,online/e-marketing, mediaplanning,eventmanagement,public relations,corporatecommunications, governmentaffairs,consumerinsights, marketingintelligence,strategicplanning, marketresearch,accountservicingand solutionsales. customerrelationshipmanagement(CRM), publicrelations,consumerinsightsand integratedmarketingcommunicationsis becomingmoreintense. Candidateswereoptimisticandconfident aboutthejobmarketandmanywereactively seekingnewopportunities.Whiletheirsalary expectationswereslightlyhigherthanin2009, theyremainedrealisticascandidateswere generallyawarethatemployerswouldonlybe willingtopayapremiumtoattractthebest talent. However,thelocaltalentpoolwaslimited, especiallyforseniorroles.Employerswere thereforemoreopentoconsideringcandidates frommorematuremarketssuchasHong KongandSingapore. mostorganisationsin2011.Bytheendof 2010,companieshadalreadystartedsetting careerdevelopmentplansfortheirkeytalent, offeringmorecompetitivesalaries/benefits andbuildingastrongbrandtoestablish themselvesasanemployerofchoiceandwe expectthistrendtocontinue.
SHANGHAI CONSUMERSALES&MARKETING-PROFESSIONALSERVICES
SHANGHAI CONSUMERSALES&MARKETING-PROFESSIONALSERVICES
MarketOverview
In2009,theprofessionalservicessectorin China-spanningaccounting,law,creative agencies,mediaandmanagementconsulting -wassignificantlyaffectedbytheglobal financialcrisis.Duringtheyear,these companiescutbackspendingonservicesnot deemedbusinesscritical. However,themarketrecoveredswiftlyin2010, whichledtorenewedbusinessconfidence. Asaresult,manyprofessionalservices firmsstartedtoexpandaggressivelyand hiredactivelytocapitaliseonChina’sstrong economicgrowth. TheimprovedbusinessconditionsinChina alsoencouragedmanyorganisationstosetup newoperationsorrelocatetheirheadquarters toShanghai,leadingtoanincreaseddemand forsalesandmarketingprofessionals.Hiring demandwasmainlyformidtoseniorlevel managers,althoughwealsosawhigher levelsofrecruitmentactivityatdirectorlevel comparedto2009. Withafastgrowingandrapidlychanging businessmodelinChina,thecompetitionfor talentinnicheareassuchasdigitalmarketing,
Outlookfor2011
Weexpecttheprofessionalservicessector toremainbouyantin2011.Employerswill continuetohireactively,particularlyatthe seniorlevel,wherecompaniesareintheinitial stagesofestablishingbusinessesinChina. Candidateswithstrongpresentation, communication,strategicplanningand leadershipskillswillbehighlysought-after. Companiesarealsolookingforsalesand marketingprofessionalswhohavevaried experienceandskillsetsinmultiplefunctions (e.g.experienceinbothbrandmanagement andpublicrelations). Mostsalariesareexpectedtoincreaseby around10%in2011.However,candidates lookingtochangejobsgenerallyexpect markedsalaryincrementsofbetween25-35% beforetheymoveintonewroles. Asthemarketcontinuestogrow,we anticipateintensecompetitionfortalented professionalsamongprofessionalservices companies.Retainingkeyemployeeswill thereforebeoneofthemainchallengesfacing
RobertWaltersGlobalSalarySurvey2011
230
SHANGHAI
CONSUMERSALES&MARKETING-PROFESSIONALSERVICES
ROLE PERMANENT SALARYPERANNUM¥RMB 2010 2011
SHANGHAI CONSUMERSALES&MARKETING-PROFESSIONALSERVICES
231
SHANGHAI CONSUMERSALES&MARKETING-PROFESSIONALSERVICES
MarketResearch ExecutiveDirector(Agency) ResearchDirector(Agency) ConsumerInsightsDirector(Corporate) ResearchManager(Agency) ConsumerInsightsManager(Corporate) EngagementManager(Consulting) StrategicPlanningManager(Corporate) DigitalMarketing DigitalMarketingDirector(Corporate) MediaDirector(Corporate) e-CommerceDirector(Corporate) CRMDirector(Corporate) DigitalBusinessDirector(Agency) DigitalGroupAccount/PlanningDirector(Agency) DigitalAccount/PlanningDirector(Agency) DigitalMarketingManager(Corporate) e-CommerceManager(Corporate) DigitalMediaManager(Corporate) CRMAccountDirector(Agency) CRMManager(Corporate) PR/Communications PRDirector PRManager GovernmentAffairsDirector GovernmentAffairsManager CorporateAffairsManager AccountDirector AccountManager B2BSales/Marketing BusinessDevelopmentDirector BusinessDevelopmentManager MarketingDirector MarketingManager
NB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.
¥1.1-1.3m ¥600-800k ¥600-800k ¥250-350k ¥250-350k ¥700-800k ¥650-800k ¥800k-1.2m ¥800k-1.2m ¥900k-1.2m ¥700k-1.0m ¥500-700k ¥500-700k ¥300-400k ¥300-400k ¥300-400k ¥300-400k ¥300-400k ¥200-400k ¥380-480k ¥180-400k ¥600-800k ¥300-600k ¥240-480k ¥240-360k ¥96-216k ¥600-800k ¥150-300k ¥550-750k ¥300-400k
¥1.1-1.3m ¥650-900k ¥650-950k ¥275-400k ¥275-400k ¥700-850k ¥700-850k ¥900k-1.3m ¥900k-1.3m ¥1.0-1.3m ¥800k-1.1m ¥600k-1.0m ¥500-700k ¥300-500k ¥300-500k ¥300-500k ¥300-500k ¥300-500k ¥250-500k ¥420-530k ¥180-450k ¥700k-1.0m ¥300-780k ¥300-540k ¥300-420k ¥120-240k ¥650-850k ¥200-350k ¥600-800k ¥350-450k
RobertWaltersGlobalSalarySurvey2011
SHANGHAI
CONSUMERSALES&MARKETING-RETAIL&LUXURY
Theretailandluxuryteamworkswith multinationalcompaniesaswellaskeyChina agentsanddealersrepresentingwellknown globalbrands.Werecruitprimarilyforthe retail,luxury,watchandjewelleryindustries andfocusonmidtoseniorlevelpositionsin retailoperations,wholesale,merchandising, visualmerchandising,marketingandsales. marketimprovedconsiderablyafterthe financialcrisis,manybeganactivelyexploring newopportunitiesinthemarket.Strong retailcandidateswithaproventrackrecord andreputationinthemarketwerehighly sought-afterandoftenreceivedmultiplejob offers. Mostprofessionalshadreasonablesalary expectationsalthoughcandidatesinthe retailoperationsfunctioncommandeda premium.Theaveragesalaryincreasefora retailoperationscandidate(whenswitching jobs)washigherthanforanyotherfunction intheretailindustry.Whileprofessionalsat storemanagerlevelexpecteda30-50%salary increaseforeachnewcareermove,salary risesforprofessionalsintheindustrywere generallybetween10-30%. Ashortageofexperiencedlocalcandidates wasequallyevidentacrossallmultinational companies.However,aslocalisationremained akeystrategyformanyretailcompanies, employersstillpreferredtohirelocaltalent fortheirmarketknowledge,experienceand network. berecruitmentactivityacrossalmostevery functionwithintheretailindustry. Candidatescapableofthinkingstrategically withahands-onattitudewillbehighly sought-after.Inanindustrywheremost retailprofessionalsareviewedashaving relativelysimilarexperienceandtechnical ability,employerswillbelookingforsoftskills, suchascommunication,interpersonaland presentationskillswhenrecruitingsalesand marketingspecialists. Withtheglobalmarketcontinuingtobe strong,weexpecthiringactivitytoincrease furtheranddemandtoremainstrongfor top-tiertalent.Salariesareexpectedto increaseatsimilarlevelsto2010.
SHANGHAI CONSUMERSALES&MARKETING-RETAIL&LUXURY
SHANGHAI CONSUMERSALES&MARKETING-RETAIL&LUXURY
MarketOverview
Theretailindustryperformedverywell throughout2010,withquarterthreebeingthe peakhiringseasonforthissector.Although employersremainedcautiouslyoptimistic, wesawhigherrecruitmentlevelsin2010 comparedto2009.Hiringactivitypeakedin quarterthree,withthemajorityofrolesatthe midtoseniorlevel. Demandforretailtalentwasspurredby companiesincreasingheadcountsignificantly astheylookedtocapitaliseonChina'srapid growthpost-financialcrisis.Wealsosawa riseinretailfirmsrelocatingChineseorAsian headquarterstoShanghai,furtherfuelling recruitmentintheCity. Otherinternationalbusinessandprincipal brandowners(whichwerealsodrawntothe potentialofChina’svastconsumermarket) setuptheiroperationsinthecitytotapinto thehugeopportunitiesofferedinoneofthe world'sfastestgrowingeconomies.Thisledto morejobopportunitiescomingtomarketand anincreaseinhiringactivityforprofessional retailcandidates. Inthefirsthalfoftheyear,retailoperations professionalswereinacuteshortagedue tothehighlyaggressivedevelopmentof retailbusinessesinChina.Professionalswith retailmarketing,storeoperations,business developmentandvisualmerchandising experiencewerealsoinstrongdemand. Candidatesweregenerallymorepositive andoptimisticin2010.AstheChinesejob
Outlookfor2011
Weanticipateanincreaseinthenumber ofnewinternationalbrandssettinguptheir operationsintheChinamarket.Severalwatch, jewelleryandluxurycompaniesalreadyhad aggressiveexpansionplansinplaceattheend of2010-weshouldthereforeseeincreased hiringlevelsintheseareas.Casualand sportsapparelcompaniesthatwentthrough restructuringin2010werealsorecruitingin greatervolumesastheygearedupforgrowth in2011. Weexpectmorereplacementrolestocome tomarketin2011ascandidatemovement increaseswithimprovingbusinessconditions. Mostdemandisanticipatedtobeatassistant tosupervisorlevel.Withmorecompanies investinginChina,weanticipatethattherewill
RobertWaltersGlobalSalarySurvey2011
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SHANGHAI
CONSUMERSALES&MARKETING-RETAIL&LUXURY
ROLE PERMANENT SALARYPERANNUM¥RMB 2010 2011
SHANGHAI CONSUMERSALES&MARKETING-RETAIL&LUXURY
233
SHANGHAI CONSUMERSALES&MARKETING-RETAIL&LUXURY
Watch/Jewellery BrandGM HeadofMarketing HeadofRetail NationalSalesManager AreaManager TrainingManager PR&EventsManager MarketingCommunicationsManager StoreManager VisualMerchandisingManager Luxury/Fashion CountryManager HeadofMarketing HeadofRetail NationalRetailOperationsManager MerchandisingManager BusinessDevelopmentManager MarketingCommunicationsManager VisualMerchandisingManager PRManager TrainingManager DigitalMarketingManager AreaManager StoreManager
NB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.
¥700k-1.0m ¥600-800k ¥600-800k ¥500-600k ¥400-500k ¥400-500k ¥300-400k ¥300-400k ¥250-400k ¥250-300k ¥1.0-1.2m ¥700k-1.0m ¥700k-1.0m ¥400-600k ¥350-500k ¥300-500k ¥300-400k ¥300-500k ¥200-350k ¥300-400k ¥200-350k ¥250-400k ¥200-350k
¥800k-1.3m ¥700k-1.0m ¥700k-1.0m ¥500-700k ¥450-550k ¥450-550k ¥350-500k ¥350-500k ¥250-400k ¥250-300k ¥1.0-1.5m ¥700k-1.2m ¥700k-1.2m ¥500-700k ¥400-600k ¥350-500k ¥350-500k ¥300-500k ¥300-500k ¥300-450k ¥300-450k ¥300-450k ¥250-400k
RobertWaltersGlobalSalarySurvey2011
SHANGHAI
CONSUMERSALES&MARKETING-RETAIL&LUXURY
ROLE PERMANENT SALARYPERANNUM¥RMB 2010 2011
SHANGHAI CONSUMERSALES&MARKETING-RETAIL&LUXURY
SHANGHAI CONSUMERSALES&MARKETING-RETAIL&LUXURY
Casual/Sports CountryManager HeadofMarketing HeadofSales HeadofRetail HeadofProduct NationalRetailOperationsManager MarketingCommunicationsManager PRManager RegionalSalesManager BusinessDevelopmentManager TrainingManager ProductManager DigitalMarketingManager RetailMarketingManager VisualMerchandisingManager AreaManager Retailer RegionalDirector StoreGM PurchasingManager DivisionManager BusinessDevelopmentManager DepartmentManager
NB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.
¥1.0-1.2m ¥700k-1.0m ¥700k-1.0m ¥700k-1.0m ¥700k-1.0m ¥250-450k ¥300-400k ¥200-350k ¥300-500k ¥300-450k ¥300-400k ¥250-350k ¥200-350k ¥250-400k ¥200-300k ¥150-300k ¥1.0-1.5m ¥300-500k ¥300-350k ¥200-300k ¥150-300k ¥150-200k
¥1.0-1.5m ¥900k-1.5m ¥1.0-1.5m ¥800k-1.3m ¥700k-1.2m ¥300-550k ¥300-500k ¥300-500k ¥300-500k ¥250-450k ¥300-400k ¥250-400k ¥250-400k ¥250-400k ¥200-350k ¥150-300k ¥1.0-1.5m ¥300-450k ¥300-400k ¥200-300k ¥150-300k ¥150-200k
RobertWaltersGlobalSalarySurvey2011
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SHANGHAI
HUMANRESOURCES
Ourhumanresourcesdivisionspecialises intheplacementofmidtoseniorlevelHR professionalsintothefinancialservices, manufacturingandcommercialsectors.We recruitforspecialistHRpositions,ranging fromadministratorsandofficersthroughto HRdirectorandVPlevel,acrossallmarket sectorsandfunctions,includingchange management,compensationandbenefits, employeerelations,HRbusinesspartners,HR projects,in-houserecruitment,learningand developmentandorganisationaldevelopment. development,compensationandbenefitsand internalrecruitmentroles.Thisdemandwas particularlyevidentwithintheretail,luxury, FMCGandbankingindustriesasaresult ofmultinationalinvestmentintheChinese marketandmanybusinessesrelocatingtheir headquarterstoShanghai. Professionalswereincreasinglyoptimistic aboutmovingjobs,asariseinvacancylevels boostedconfidenceintheHRjobmarket.Due toincreasedhiringlevels,thehighest-calibre HRcandidateswereindemandandwere abletocommandsalaryincreasesofbetween 20-30%.Wesawcandidateshortagesacross theretailandluxurysectorsandthisresulted insalarylevelsrisingforHRprofessionalsin thesesectors.
SHANGHAI HUMANRESOURCES
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SHANGHAI
Outlookfor2011
Weexpectmostbusinessestoincrease theirhiringbudgetsin2011astheylookto grow.WeanticipategreaterdemandforHR professionals,withthosewithregionalworking experienceacrosstheretail,luxuryandFMCG industriesparticularlysought-after.Additionally, candidateswithexcellentcommunication skillsandabackgroundincompensation andbenefits,trainingorrecruitmentwillbein demand,asmanycompaniesrelocatetheir AsiaPacificheadquarterstoShanghai. Asorganisationscompeteforthe highest-calibrecandidates,salaryexpectations ofthoselookingtomoverolesarelikelytobe between20-25%.Wealsoexpecttoseefirms focusonemployeeretentionstrategiesand offermoreattractivecompensationpackages andcareerprogressiontoretainkeytalent.
HUMANRESOURCES
MarketOverview
Asthemarketrecoveredfromtheglobal financialcrisis,wewitnessedsignificant increasesinrecruitmentlevels.Wesaw demandforseniorHRprofessionalswithAsian workingexperienceinlearningand
ROLE
PERMANENT SALARYPERANNUM¥RMB 2010 2011 ¥800k-1.8m ¥600-900k ¥500-850k ¥500-800k ¥350-750k ¥350-700k ¥350-600k ¥350-600k ¥300-600k ¥250-400k ¥180-300k ¥150-250k
HRDirector OrganisationalDevelopmentDirector HeadofCompensation&Benefits HeadofTraining&Development HRManager(10+yrs'exp) HRBusinessPartner Compensation&BenefitsManager RecruitmentManager TrainingManager HRManager(5+yrs'exp) Compensation&BenefitsAnalyst TrainingOfficer
NB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.
¥500k-1.5m ¥400-720k ¥400-700k ¥400-600k ¥350-700k ¥350-600k ¥300-500k ¥280-600k ¥280-500k ¥200-370k ¥180-300k ¥120-200k
RobertWaltersGlobalSalarySurvey2011
SHANGHAI
INFORMATIONTECHNOLOGY
Ourinformationtechnologydivisionspecialises inthepermanentrecruitmentofmidtosenior levelITprofessionals.Werecruitformajor multinational,localandregionalorganisations acrossthefollowingsectors:ITbanking (financialservicesandinsurance),ITvendor (ITandconsulting)andITcommerce(FMCG, luxuryandretail,semiconductor,electronics, manufacturing,logistics,petrochemicals, pharmaceuticalsandtelecommunications). staffwereindemand.ITcandidateswith strongstrategicskillsetswerealsohighly sought-aftertofillseniorlevelrolesand developbroaderITstrategy. Candidateswerefarmoreoptimisticabout movingjobsin2010andproactivelysought newopportunitiesthatofferedcareer progression.Wewitnessedacandidate shortageforseniorlevelprofessionalsand manyfirmshadtolooktoforeigncandidates withrelevantAsianexperienceandMandarin languageskillstofillthisgap.
SHANGHAI INFORMATIONTECHNOLOGY
SHANGHAI INFORMATIONTECHNOLOGY
MarketOverview
Wesawsignificantgrowthinrecruitment activitythroughout2010,withanoticable increaseinquarterthree.Thiswasprimarily aresultofrobustmarketrecoveryfromthe globalfinancialcrisis.Firmsalsobecamemore confidenttoinvestinbusinessgrowthand recognisedChina’scompetitiveadvantageand itsimportantroleintheworldeconomy. Asmanycommercialorganisationshad anincreasingneedforbusinessprocess analysisandstrongprojectmanagement in2010,wewitnessedagrowingdemand forSAPconsultants(particularlythosewith configurationexperienceinFICO,APO, MM/WMandSD).Seniorcandidateswith internationalexposureanddemonstrable strategicabilitieswereabletocommanda salarypremium. WithintheITbankingindustry,themarket fortop-tiercandidatesbecameextremely competitiveduetotheincreasingneed fortheseskills.Companiesweregradually realisingthecostsavingbenefitsofeffectiveIT systemsinstreamliningbusinessprocesses. Forjuniorlevelpositions,weobserved ademandforcandidateswithstrong communicationskills.Asmanyfirms relocatedtheirhedquartersorsetupsoftware developmentcentresinChina,fluency inEnglishandMandarinwasparticularly sought-afterin2010.Softwaredevelopers, helpdeskpersonnelandapplicationsupport
Outlookfor2011
In2011,weanticipateITrecruitmentto growsubstantiallyasbusinessesimplement aggressiveexpansionplansinChinaand activelylooktohiretop-tiercandidates. Inparticular,manybanksareexpectedto increasetheirmarketshareinChinarapidly. Asagrowingnumberofbusinessesfromthe US,CanadaandEuropelooktoIToutsourcing toreducecosts,weexpectincreasedhiring activityfromITvendorsasmostofthese outsourcedjobsarelikelytobebasedinChina orIndiaduetothelowerlabourcostand readilyavailablemanpower. Inadditiontoastrongtechnicalbackground, professionalswithexcellentcommunication skillswillbehighlysought-afterasrolesinvolve moreITpartnershipswithothersectorsor industries.Professionalswithinformation securityandITauditexpertiseareexpectedto beinhighdemandasChinacontinuestogo throughlegislativeandregulatorychanges. Ascompetitionforthebesttalentintensifies, weexpectbusinessestoofferimprovedsalary andbenefitpackagestorecruitthehighest calibrecandidates.Salaryincreasesarelikely torangebetween15-25%forcandidates movingjobs.
RobertWaltersGlobalSalarySurvey2011
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SHANGHAI
INFORMATIONTECHNOLOGY
ROLE PERMANENT SALARYPERANNUM¥RMB 2010 2011
SHANGHAI INFORMATIONTECHNOLOGY
237
SHANGHAI INFORMATIONTECHNOLOGY
ITDirector-AsiaPacific SAPDirector-AsiaPacific SAPDirector ITSecurityDirector ApplicationDirector ITDirector ConsultingDirector ITAdvisor SoftwareArchitect SeniorInfrastructureManager SAPManager CommercialSystemsManager ConsultingManager DataCentreManager ITSecurityManager ITManager SoftwareDevelopmentManager UIDesignManager ApplicationManager SeniorSoftwareDeveloper SeniorSystemAdministrator ITConsultant DatabaseAdministrator SAPConsultant ApplicationConsultant ITAuditor BusinessAnalyst InfrastructureManager HelpDeskSupport UIDesigner SoftwareDeveloper
NB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.
¥900k-1.5m ¥900k-1.8m ¥700k-1.0m ¥600-800k ¥500k-1.2m ¥500k-1.0m ¥450-800k ¥450-500k ¥400k-1.5m ¥400k-1.0m ¥400-700k ¥400-700k ¥350-500k ¥350-500k ¥350-400k ¥300-500k ¥300-500k ¥300-500k ¥280-550k ¥250-500k ¥245-400k ¥200-800k ¥200-600k ¥200-500k ¥200-450k ¥200-450k ¥200-400k ¥180-400k ¥150-250k ¥150-300k ¥100-300k
¥900k-1.5m ¥900k-1.8m ¥700k-1.0m ¥600-800k ¥500k-1.2m ¥500k-1.0m ¥450k-1.0m ¥450-500k ¥400k-1.5m ¥400k-1.0m ¥400-700k ¥400-700k ¥350-600k ¥350-500k ¥350-400k ¥300-500k ¥300-500k ¥300-500k ¥280-550k ¥250-500k ¥245-400k ¥200-800k ¥200-600k ¥200-500k ¥200-450k ¥200-450k ¥200-400k ¥180-400k ¥150-250k ¥150-300k ¥100-300k
RobertWaltersGlobalSalarySurvey2011
SHANGHAI
OPERATIONS&MANUFACTURING
OurShanghaioperations&manufacturing teamspecialisesinrecruitingmidtosenior levelprofessionalsforUS,Europeanand majorlocalmanufacturingcompanies.Roles recruitedforincludeplantmanager,operations director,qualitymanager,qualitydirector, environmentalhealthandsafetymanagerand engineeringmanager.Wefocusonplacing candidatesintovariousindustrysectors, includingmechanical,heavymachinery, electronics,chemical,oilandgas,energyand medicaldevices.
SHANGHAI OPERATIONS&MANUFACTURING
SHANGHAI
Outlookfor2011
Asaresultofseveralbusinessesinvesting innewplantsin2010,weanticipate increaseddemandforcandidateswith manufacturingexperiencein2011.Midto seniorlevelprofessionalswithintheenergy andautomotiveindustriesarelikelytobe highlysought-after,asthesetwoindustries willcontinuetostrengtheninthecomingyear. Asfirmsbecomeincreasinglyawareofthe importanceofahavingadiverseworkforce witharangeofskillsandexperience,we expectcandidateswithoverseaswork experienceandexcellentleadershipand communicationskillstobeindemand. Asthemarketcontinuestorecover,salary levelsareexpectedtocontinuetogradually increaseasemployerscompeteforalimited numberoftop-tiercandidates.
OPERATIONS&MANUFACTURING
MarketOverview
Inthefirsthalfof2010,wecontinuedto seelowlevelsofrecruitmentactivitydue totheafter-effectsoftheglobalfinancial crisis.FromJuneonwards,companies withintheelectronics,automotiveand machineryindustrieshiredingreatervolumes asorganisationsmovedtheirheadquarters toShanghai.Foreigninvestmentgrew atahealthypaceacrossallindustriesas multinationalcompaniesremainedoptimistic abouttheChinesemarket. Demandforcandidateswhospecialisedin operations,LeanandSixSigmaincreased whileprofessionalswithoverseasandnew productlaunchexperiencewerealsohighly sought-after.Muchofthisdemandwasdriven bytheneedtoreplaceexpatriateemployees whohadbeenrepatriatedinanattemptto reducecosts.Businesses(particularlywithin theautomotiveindustry)alsorecruitedto providesupportfornewplantsthatwerebuilt aspartofexpansionplans. Astheeconomycontinuedtoimprove,some candidateswereabletoachievesalaryrises ofbetween20-30%whenmovingroles -especiallyprofessionalssubjecttopay freezesduringtheglobaleconomiccrisis.This increaseinsalarylevelswasaresultofintense competitionforprofessionalsastheshrinking talentpoolresultedinacandidateshortage.
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SHANGHAI
OPERATIONS&MANUFACTURING
ROLE PERMANENT SALARYPERANNUM¥RMB 2010 2011
SHANGHAI OPERATIONS&MANUFACTURING
239
SHANGHAI OPERATIONS&MANUFACTURING
OperationsDirector(10+yrs'exp) LeanConsultant(10+yrs'exp) MasterBlackBelt(10+yrs'exp) R&DDirector(10+yrs'exp) EnvironmentalHealth&Safety(EHS)Director(10+yrs'exp) OperationsManager(8+yrs'exp) ProcessEngineeringManager(8+yrs'exp) EnvironmentalHealth&Safety(EHS)Manager(5-10yrs'exp) R&DManager(8+yrs'exp) LeanConsultant(5-10yrs'exp) ProductionManager(5+yrs'exp) BlackBelt(5-10yrs'exp) SafetyManager(5+yrs'exp) FacilityManager(10+yrs'exp) ProjectManager(5+yrs'exp) MaintenanceManager(5+yrs'exp) ProductionSupervisor(5+yrs'exp) ProcessEngineer R&DEngineer
NB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.
¥500k-1.2m ¥450-800k ¥400k-1.0m ¥400-850k ¥400-800k ¥400-600k ¥250-400k ¥200-500k ¥200-500k ¥200-450k ¥200-400k ¥180-450k ¥180-350k ¥150-400k ¥150-350k ¥150-300k ¥120-250k ¥80-150k ¥80-150k
¥600k-1.5m ¥550-900k ¥600k-1.2m ¥600k-1.0m ¥600k-1.0m ¥500-800k ¥250-450k ¥200-550k ¥200-500k ¥200-450k ¥250-500k ¥200-450k ¥180-350k ¥200-400k ¥150-450k ¥200-400k ¥120-250k ¥80-150k ¥80-150k
RobertWaltersGlobalSalarySurvey2011
SHANGHAI
SUPPLYCHAIN&QUALITY
Oursupplychain&qualityteamspecialises inplacingmidtoseniorlevelprofessionals intovariousindustriessuchasmechanical, electronics,telecommunications,automotive, oilandgas,medicaldevice,energyand FMCG.Werecruitpermanentpositions forUS,Europeanandmajorlocal manufacturingcompaniesinanumberof areas,includingsupplychainmanagement, logistics/transportation,sourcing/purchasing, quality,warehouse/distributioncentre, planning/materialsmanagementandimport andexportcustoms. economygainedmomentumthroughout theyear,candidatesbecamemoreactivein thejobmarket.Highcalibrecandidateswith cross-culturalandregionalworkexperience werehighlysought-after,particularlythose localcandidateswithAsianworkexperience. Ascompetitionfortalentintensified,we sawfirmsofferingimprovedcompensation packages-high-qualitylogisticsmanagers, supplychaindirectorsandsourcingdirectors receivedsalaryincreasesofbetween20-30%.
SHANGHAI SUPPLYCHAIN&QUALITY
SHANGHAI SUPPLYCHAIN&QUALITY
Outlookfor2011
Weexpecthiringlevelstocontinuetoincrease in2011asorganisationsimplementgrowth strategies.Forexample,weexpectthata numberofautomotivecompanieswillhire manufacturingprofessionalstoprovide supportforvariousnewly-builtplants. Additionally,weanticipatedemandformiddle toseniorlevelprofessionalswithintheindirect sourcing,logistics,supplierqualityand procurementindustries. Thereisalsolikelytobeasignificantincrease inhiringactivitieswithinthepharmaceutical, energyandautomotiveindustries.Candidates withcross-culturalexperience,strong leadershipandexcellentcommunication skillsareexpectedtobehighlysought-after bymultinationalcompanies,asmanyfirms relocatetheirAsiaPacificheadquartersto China. Salaryrisesareexpectedtoincreaseasthe positivemomentumcontinuesthroughout theyear.Ascompetitionforhighquality professionalsintensifies,candidateswho movejobsarelikelytoreceivesalaryincreases of20-30%.Weexpectinitalsalaryrisestobe around10%asfirmsseektoretaintheirbest people.
MarketOverview
Althoughthesupplychainandquality recruitmentmarketwassignificantlyaffected bytheglobalfinancialcrisisin2009,we witnessedagradualincreaseinhiringactivity asthemarketimprovedatthebeginningof 2010.Therewasanincreaseinmultinational corporationsrelocatingtheirheadquartersto China,whichcontributedtowardsasignificant riseinrecruitmentfromquartertwoonwards. Hiringlevelsgrewconsistentlyacrossall industriesandwithactivityparticularlystrong withintheretail,luxury,automotive,FMCGand machineryindustries. Therewasastrongdemandformiddleto seniormanagerialroles,notablyindirect sourcing,logistics,supplierqualityand procurementprofessionals.Thisdemand wasdrivenbytheconsolidationofindirect sourcingpracticesforcostsavingpurposes. Additionally,therewasaglobaldemandfor higherqualitymanufacturedproducts,which ledtosupplierqualityprofessionalsbecoming moresought-after. TheoveralloutlookinChinawaspositive asthemarketavoidedtherecessionthat impactedotherpartsoftheworld.With multinationalorganisationslookingto capitaliseonChina'spotential,wesawan increaseinforeigninvestmentprojectsbeing implementedacrossallindustries.Asthe
RobertWaltersGlobalSalarySurvey2011
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SHANGHAI
SUPPLYCHAIN&QUALITY
ROLE PERMANENT SALARYPERANNUM¥RMB 2010 2011
SHANGHAI SUPPLYCHAIN&QUALITY
241
SHANGHAI SUPPLYCHAIN&QUALITY
SupplyChainDirector(10+yrs'exp) QualityDirector(10+yrs'exp) SupplyChainManager(8+yrs'exp) SourcingManager(5+yrs'exp) CommodityManager(5+yrs'exp) SupplierQualityManager(5+yrs'exp) SupplierDevelopmentManager QualityManager(5+yrs'exp) MerchandisingManager(5+yrs'exp) DemandManager(5+yrs'exp) PurchasingManager LogisticsManager(5+yrs'exp) WarehouseManager MaterialPlanningManager SupplierQualityEngineer TransportationManager SupplierDevelopmentEngineer QualitySupervisor(5+yrs'exp) SourcingEngineer Merchandiser DemandAnalyst Buyer MaterialPlanningSpecialist
NB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.
¥500k-1.0m ¥500-800k ¥300-550k ¥300-500k ¥250-500k ¥250-450k ¥250-450k ¥250-450k ¥220-400k ¥200-400k ¥200-400k ¥180-350k ¥150-350k ¥150-300k ¥150-300k ¥150-300k ¥150-300k ¥150-300k ¥100-350k ¥100-250k ¥100-200k ¥100-200k ¥80-200k
¥700k-1.5m ¥500k-1.2m ¥400-800k ¥300-600k ¥250-550k ¥250-600k ¥250-550k ¥250-450k ¥250-500k ¥250-450k ¥250-500k ¥250-500k ¥150-350k ¥250-350k ¥150-350k ¥150-300k ¥150-300k ¥150-300k ¥100-350k ¥100-250k ¥100-200k ¥100-200k ¥80-200k
RobertWaltersGlobalSalarySurvey2011
SHANGHAI
TECHNICALSALES
Ourtechnicalsalesdivisionrecruits permanentpositionsacrossallmajor business-to-businessindustrysectors including:automotive,machinery,electronics, energy,building,ITsoftware/hardware/service, chemicalandtelecommunications.We specialiseinplacingmidtoseniorlevel professionalsintechnicalsalesroles,such as:accountmanager,businessdevelopment manager,marketingdirector,regionalsales manager,salesdirector,salesGM/VP, solutionsconsultantandstrategicmarketing manager. organisationshaveindicatedthattheywill implementfurtherinvestmentplansinthenext fivetotenyears. Weexpecttoseedemandforsolutions sales,salesandmarketingandkeyaccount managementprofessionalsasbusinesses looktostrengthentheirorganisationalrevenue streams,particularlywithintheautomotive, chemical,telecommunications,energyand electronicsindustries.Candidateswith Mandarinlanguageskillsandinternational workexperienceareexpectedtobehighly sought-after,asareprofessionalswithchannel managementandproductmanagement experience. Weanticipatethatsalarieswillremain broadlystable,however,someincreasesare expected.Ascompetitionforhigh-calibre candidatesincreases,weexpecttoseethat candidatesmovingintonewroleswillreceive salaryrisesof10-15%.Wealsoanticipate anincreasedfocusonemployeeretention strategiesasbusinesseslooktokeeptheir bestpeople.
SHANGHAI TECHNICALSALES
SHANGHAI TECHNICALSALES
MarketOverview
Wesawasteadyincreaseinrecruitment activitythroughout2010asthemarket graduallyrecoveredfromthefinancialcrisis. Acrosstheautomotive,chemical,IT&Tand electronicsindustries,wewitnessedastrong demandforbusinessdevelopmentmanagers, salesmanagers,keyaccountmanagers, productmarketingmanagersandPRand marketingcommunicationsspecialists.This demandwasaresultofimprovedbusiness performanceandorganisationslookingto replacerolesmaderedundantduringthe economiccrisis.Asmarketconfidence improved,firmsrecruitedintotheirbusiness developmentandsalesteamstosupport organisationalexpansionandincrease revenues. Salesprofessionalswereabletoachievesalary risesbetween20-30%asthemarketgradually re-aligneditselfafterthefinancialcrisis.We sawmanymiddletoseniorlevelprofessionals switchingjobsasaresultoforganisational restructuringprogrammeswithintheirexisiting employers,whichgavethemfreedomtoseek newemployment.
Outlookfor2011
Weanticipateemployerswillcontinuewith theirexpansionstrategiesintheChinese marketinlinewithmarketrecovery,which willcauserecruitmentactivitytorise-many
RobertWaltersGlobalSalarySurvey2011
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SHANGHAI
TECHNICALSALES
ROLE PERMANENT SALARYPERANNUM¥RMB 2010 2011
SHANGHAI TECHNICALSALES
243
SHANGHAI TECHNICALSALES
SalesGeneralManager/VicePresident SalesDirector-AsiaPacific MarketingDirector-AsiaPacific SalesDirector MarketingDirector GlobalKeyAccountManager BusinessDevelopmentManager SeniorMarketingAnalyst ChannelSalesManager ProductMarketingManager MarketingManager ChinaRegionalSalesManager PRManager ProjectSalesManager ApplicationManager CustomerServiceManager MarketingCommunicationsManager KeyAccountManager AccountManager CommercialManager
NB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.
¥1.0-2.0m ¥800k-1.5m ¥800k-1.3m ¥600k-1.0m ¥600-800k ¥400-800k ¥250-600k ¥200-400k ¥250-450k ¥300-600k ¥300-600k ¥300-500k ¥300-500k ¥250-400k ¥200-400k ¥200-400k ¥250-400k ¥200-350k ¥200-300k ¥150-300k
¥1.2-2.0m ¥800k-1.5m ¥800k-1.5m ¥600k-1.0m ¥600-800k ¥450-800k ¥300-600k ¥200-400k ¥250-450k ¥300-600k ¥300-600k ¥300-500k ¥400-600k ¥300-400k ¥200-400k ¥240-400k ¥250-450k ¥250-450k ¥200-300k ¥200-400k
RobertWaltersGlobalSalarySurvey2011
SUZHOU
ACCOUNTING&FINANCE
Ouraccounting&financeteaminSuzhou specialisesinrecruitingfinanceprofessionals fromjuniorthroughtoseniormanagement levelforFortune500companiesandsmallto mediumsizedforeigninvestmententerprises thatareleadersintheirrespectiveindustries. Duringthefirstthreequartersof2010we sawsteadydemandforseniorcandidatesfor rolessuchasfinancecontroller/directoras companiessoughttostreamlineandup-skill theirworkforcebyreplacingunder-performing employees.Candidateswithexperiencein financialplanningandanalysis,business controllingandcostingwerealsohighly sought-afterasfirmscontinuedtoexpandand builduptheirteams. Wealsosawdemandforseniorcandidates forfinancerolessuchaschieffinancial officerandVPoffinanceaswellaspre-IPO andSECprofessionals.Employersactively soughtfinancecandidateswhohadexcellent communicationskills,strongacademic backgroundsandsolidexperienceinERP systems.Tomakeupfortheshortagein thelocaltalentpool,companieslookedto overseascandidateswhopossessedrelevant internationalexposureandstrongMandarin languagecapabilities. Intermsofsalaryexpectations,candidates werelookingforrisesof10-30%,inmany casestomakeupforthesalaryfreezesthat wereinplaceduringtheeconomiccrisis.
SUZHOU ACCOUNTING&FINANCE
SUZHOU
Outlookfor2011
In2011weanticipatethatthedemandfor seniorfinanceprofessionalswillremainat asimilarleveltothesecondhalfof2010. Demandwillprimarilycomefromlarge, internationalmanufacturingcompanies seekingtoimprovetheirfinanceprocesses aswellastogainadeeperbusiness involvementbetweentheirregionalofficesand headquarters.Weexpectsalariestoremain largelystablethroughouttheyearforthose remainingintheirexistingroles,withsome increasesforthosemovingroles.
ACCOUNTING&FINANCE
Someofthekeyfunctionswerecruitforwithin ornearSuzhouincludechieffinancialofficer, financemanager/controller/director,finance planningandanalysismanager,internalcontrol manager,treasurymanager,accounting manager,creditcontrolmanager,costing manager/controller,controllingmanager, projectcontroller,financesharedservices centreprofessionalsandjuniorfinance positions.
MarketOverview
2010sawasignificantincreasein newly-createdrolesinresponsetotheglobal economicrecovery.Inabidtosupportnew investmentsandupcomingprojectsinChina, firmswerehiringforrolesthatwereputon holdduringthefinancialcrisis.
ROLE
PERMANENT SALARYPERANNUM¥RMB 2010 2011 ¥600k-1.0m ¥400-700k ¥350-500k ¥350-500k ¥300-500k ¥350-450k ¥250-400k ¥250-400k ¥200-400k
ChiefFinancialOfficer FinanceDirector/FinanceController FinanceAnalysisManager InternalAuditManager FinanceManager CreditControlManager AccountingManager InternalControlManager CostingManager
NB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.
¥500-800k ¥400-600k ¥300-450k ¥300-450k ¥250-500k ¥250-400k ¥200-350k ¥200-350k ¥180-350k
RobertWaltersGlobalSalarySurvey2011
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SUZHOU
OPERATIONS&MANUFACTURING
Ouroperations&manufacturingdivision inSuzhouspecialisesintherecruitmentof operationsandmanufacturingprofessionals acrossallindustrysectorsfromsmall andmediumenterprises(SMEs)tolarge blue-chipmultinationalsinSuzhou,Wuxiand Changzhou. Inresponsetotheemployeedrivenmarket, mostcandidatesregainedtheirconfidence andwereeagertochangejobs.Companies werewillingtooffersalariesthatwere15-25% higherasaresultoftheimprovingeconomy andtomakeupforsalaryfreezesduringthe economiccrisis.Professionalswithrelevant hands-onexperience,strategicabilityand excellentEnglishlanguageskillswereableto commandasalarypremium. Asaresult,weanticipatehiringactivitywill increasesteadilythroughouttheyear. Asmoreandmoreforeigncompaniesenter thedomesticmarketinChina,thedemandfor candidateswithsalesexperienceisexpected tosurge.CandidateswithR&Dexperience arealsolikelytobehighlysought-afterdueto anincreaseinChineseGovernmentinitiatives encouragingmorehigh-techinvestments withinthecountry.Thoseprofessionals whohaveexcellentmanagementand communicationskillsarelikelytocommanda salarypremium. Asaresultoffurthermarketrecoveryand anincreasedglobalinvestorinterestin businessexpansionswithintheChinese economy,salarybandsarelikelytoincreaseby approximately10-30%.
SUZHOU OPERATIONS&MANUFACTURING
245
SUZHOU OPERATIONS&MANUFACTURING
MarketOverview
2010sawrobustlevelsofhiringactivity especiallyduringthesecondandthird quartersasthemarketrecoveredfromthe globalfinancialcrisis.Asaresultofbusiness expansion,wesawdemandforcandidates withexperienceinoperationsmanagement, R&D,EHS,LeanandSixSigmapractices. Mostofthejobsavailablewereamixtureof bothnewlycreatedrolesandreplacement positionswithinthemechanicalandchemical industries.
Outlookfor2011
Weexpectemployerconfidencetoremain highin2011astheeconomycontinuesto strengthenandthebusinessenvironment improves.Manyorganisationsinthe operationsandmanufacturingindustryhave planstolaunchnewprojectswhichhadbeen putonholdduringtherecession.
ROLE
PERMANENT SALARYPERANNUM¥RMB 2010 2011 ¥600k-1.8m ¥500k-1.0m ¥450-850k ¥300-450k ¥600k-1.2m ¥500k-1.0m ¥300-500k ¥500-600k ¥200-500k ¥500-800k ¥300-450k ¥300-600k ¥150-200k ¥150-200k ¥200-400k ¥200-400k ¥400-800k ¥300-450k ¥300-500k ¥200-400k
GeneralManager ManufacturingDirector PlantManager ManufacturingManager AsiaPacificLeanManager MasterBlackBelt Lean/SixSigmaManager EngineeringDirector EngineeringManager R&DDirector R&DManager ChiefDesignEngineer Mechanical/ElectricalDesignEngineer ProcessEngineer NPIManager ProjectManager ConstructionProjectManager FacilitiesManager Facilities&MaintenanceManager MaintenanceManager
NB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.
RobertWaltersGlobalSalarySurvey2011
¥500k-1.5m ¥500-850k ¥450-850k ¥300-450k ¥500k-1.0m ¥500k-1.0m ¥300-500k ¥450-600k ¥200-500k ¥400-600k ¥400-600k ¥300-600k ¥150-200k ¥150-200k ¥200-400k ¥200-400k ¥400-600k ¥300-450k ¥300-450k ¥200-400k
SUZHOU
SUPPLYCHAIN&QUALITY
Oursupplychain&qualitydivisionin Suzhouspecialisesinplacingmidtosenior levelprofessionalsintovariousindustries inthefollowingfunctions:supplychain management,quality,logistics/transportation, sourcing/purchasing,warehouse/distribution centres,planning/materialsmanagementand importandexportcustoms.
SUZHOU SUPPLYCHAIN&QUALITY
SUZHOU
Outlookfor2011
Asseveralorganisationsindicatethatprojects whichwereputonholdorpostponedduring therecessionwillgetunderwayin2011, weanticipatethatrecruitmentneedsforthe supplychainandqualitysectorwillincrease. Wealsoexpectmorenewrolestobecreated asaresultofincreasedinvestmentand businessexpansioninSuzhou. Mostofthehiringrequirementswillcome frommanufacturingorganisationswithcore operationsinSuzhou,WuxiandChangzhou, whichareonthelookoutfortop-tiertalent. Replacementhiringislikelytodecreaseas manycandidatesswitchedjobsin2010and professionalstypicallystayintheirrolesfor atleastthreetofiveyears.Asorganisations seektoreducecoststhroughstreamlining theirmaterialandsourcingmanagement processes,thevolumeofsourcingroles comingtomarketisexpectedtoincrease. Candidateswithpracticalexperience, excellentcommunicationskillsandleadership abilitywillbehighlysought-after,withmost employersseekingtopleveltalent.Asthe Chinesemarketcontinuestorecoverand investmentsincrease,salariesarepredictedto increasebyapproximately10-30%. Weexpecttoseeorganisationsbecomemore focusedonsuccessfulretentionstrategiesas theystruggletoretaintheirkeytalent.With moreandmorecompaniesrecognisingChina bothforitscompetitiveadvantageinrelation tomanufacturingcapabilitiesandasoneof theworld’sleadingandmostcosteffective sourcingcentres,manyorganisationswilllook tohirestrongsalestalentaswellasresearch anddevelopmentprofessionalstosupport theirexpansionandgrowthplans.
SUPPLYCHAIN&QUALITY
MarketOverview
Inthefirstsixmonthsof2010wesawhigh levelsofrecruitmentactivitywithinthesupply chainandqualityfunction,especiallyfor seniormanagementroles.Manyofthese werenewrolesthatwerecreatedasaresult oforganisationalexpansionandageneral increaseinmarketconfidence.Thelasttwo quartersoftheyearsawagradualslowdown inhiringasrecruitmentactivityreturnedto morestablelevels. Asthemarketcontinuedtorecover,we witnessedanincreasednumberofhirestofill sourcing,supplychainandqualityroleswithin theautomotiveandmechanicalindustries. Candidateswithstrongcommunicationskills whowerefluentintheEnglishlanguagewere alsohighlysought-after. Whileorganisationsremainedcautiously optimistic,supplychainprofessionalswere extremelyconfidentaboutswitchingjobs. Asaresultoftheemployeedrivenmarket, candidatesexpectedsalaryincreasesof approximately20-30%.Wesawashortage ofseniorlevelcandidatesasmanyofthem preferredtorelocatetomajorcities,suchas Shanghai.Thismeantthatorganisationshad tolooktooverseascandidateswithrelevant AsianexperienceandMandarinlanguageskills tofillthetalentgap.
RobertWaltersGlobalSalarySurvey2011
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SUZHOU
SUPPLYCHAIN&QUALITY
ROLE PERMANENT SALARYPERANNUM¥RMB 2010 2011
SUZHOU SUPPLYCHAIN&QUALITY
247
SUZHOU SUPPLYCHAIN&QUALITY
SupplyChain SupplyChainVP SupplyChainDirector SourcingDirector SourcingManager SourcingSupervisor SupplierDevelopmentEngineer ChinaPurchasingManager PurchasingManager ProcurementSupervisor MaterialsDirector MaterialsManager LogisticsDirector LogisticsManager WarehouseDirector WarehouseManager PlanningManager Quality GlobalSupplyQualityManager SupplyQualityManager SupplyQualityEngineer QualityVicePresident QualityDirector AsiaQualityManager ChinaQualityManager QualityManager Quality&EHSManager QualitySystemManager ProjectQualityManager CustomerQualityManager QualityAssurance&RegulatoryAffairsManager RegionalEHSManager,Asia EHSManager EHSSupervisor
NB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.
¥600k-1.0m ¥500k-1.0m ¥500-850k ¥300-450k ¥200-300k ¥200-300k ¥300-450k ¥200-450k ¥150-300k ¥450-800k ¥200-380k ¥400-800k ¥200-380k ¥400-600k ¥150-300k ¥200-400k ¥500k-1.0m ¥250-400k ¥150-200k ¥600k-1.0m ¥500k-1.0m ¥400-800k ¥400-600k ¥250-400k ¥300-450k ¥200-400k ¥250-400k ¥250-400k ¥300-450k ¥450-700k ¥350-550k ¥150-200k
¥800k-1.5m ¥600k-1.2m ¥500-900k ¥300-500k ¥200-300k ¥200-300k ¥300-500k ¥200-450k ¥150-300k ¥500-800k ¥200-400k ¥400-800k ¥200-380k ¥500-800k ¥200-400k ¥200-400k ¥500k-1.0m ¥300-500k ¥150-200k ¥700k-1.0m ¥500k-1.0m ¥400-800k ¥400-600k ¥300-450k ¥300-450k ¥200-400k ¥250-400k ¥250-400k ¥300-450k ¥450k-1.0m ¥350-550k ¥150-200k
RobertWaltersGlobalSalarySurvey2011
BEIJING
BANKING&FINANCIALSERVICES
Ourbanking&financialservicesteamrecruits forawiderangeofbankingandsecurities companiesinBeijing,withafocusonfront officerolessuchasrelationshipmanagerand productsalesaswellasbackofficesupporting functionscoveringfinance,operationsand compliance. Beijing,organisationslookedtohirefrom Shanghaiandotherregionalmarketssuchas HongKongandSingapore.Candidatesfrom Singaporewereinparticularlyhighdemand asmostofthemwerefluentinMandarinand Englishandcouldcommunicatewellwithlocal clients. comparedwithHongKongorSingapore, growthintheChinamarkethasledtoan increaseddemandforfrontofficebanking professionals.However,itisverydifficultto persuadetalentedfinanceprofessionalsto leavesecurerolesinthesecountries.As salariesandcareeropportunitiesgrow,we anticipatemoreprofessionalswillmakethe move. Apartfromannualpayrises,employersare expectedtofocusmoreonemployeeretention schemessuchasprovidingoverseastraining, performance-basedbonusesandeducation allowancesaimedatretainingkeytalent.
BEIJING BANKING&FINANCIALSERVICES
BEIJING BANKING&FINANCIALSERVICES
MarketOverview
Asthemarketgraduallyrecoveredfromthe globalfinancialcrisiswesawanincreased demandforrelationshipmanagersand productsalesprofessionals.Candidateswith experienceinmanagingclientrelationships andtheabilitytogeneratesalesrevenue werethemostsought-after,followedbyrisk managementprofessionalsandlegaland compliancetalent.Thisdemandwaslargely duetoforeignbankshiringaggressivelyto supporttheirbusinessgrowth. Withinmajorsecuritieshousestherewas ademandforregulatoryprofessionalswho werecertifiedinSAC(SecuritiesAssociation ofChina).Backofficeprofessionalswith experienceinregulatoryreportingwithinthe CBRC(ChinaBankingRegulationCommittee), PBOC(People’sBankofChina)andSAFE (StateAdministrationofForeignExchange) werealsohighlysought-afterwithinthe bankingsector. Asmarketconfidencegrew,employers becamemorepositiveandalargenumber ofmultinationalcorporationsincreasedtheir investmentintheChinesemarket.Asfirms soughttoensurethattheiroperationswerein compliancewithrelevantlawsandpolicies,we observedaspikeindemandforcandidates withexperienceinlocalregulationsandmarket trends. Salaryrisesforcandidateswhoswitched rolestypicallyrangedbetween15-30%.They alsoexpectedhigherbonuspayoutstomake upforthesalaryfreezesduringthefinancial crisisin2009.Duetoatalentshortagein
Outlookfor2011
Businessgrowthisexpectedtoremain constantin2011asforeignbankscontinue toexpandwithintheChinesemarket,with afocusonjointventuresandinvestment banking.Hiringneedswillcontinuetoincrease asmoreprofessionalsareneededtosupport businessgrowthfromthesenewcorporate investments. Candidateswithinternationalworkexperience andfamiliaritywiththeChinesemarketare likelytobeinhighdemandwithinforeign multinationalfirms.Weanticipatethat securitiesfirmsandfundhouseswillhire aggressivelyduetocontinuedinvestmentsin localcompaniesandmergerswithChinese partnerstoconsolidatetheirfootholdin China.Tociteanexample,aglobaltier-one investmentbankrecentlyacquiredthestake ofalocalsecuritiesfirmtosetupitsChina securitiesjointventuretofurtherexpandtheir operationinChina.Assuch,manyofthe globalbankinggiantsarelookingtogrow theirbusinessesinChinaviathestrategic investmentapproachtoensuregrowthinthe Chinamarket. Middleofficeoperationsprofessionalsare expectedtobehighlysought-after,particularly thosewithsolidproductknowledgeand experienceinclient-facingroles.Candidates withexcellentcommunicationskills,strategic problemsolvingexpertiseandtheabilityto workinateamwillalsobeindemand. Salariesofferedbymajorbanksarelikelyto remainsimilarfrom2010to2011.Whilethe financialmarketinChinaisnotasmature
RobertWaltersGlobalSalarySurvey2011
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BEIJING
BANKING&FINANCIALSERVICES
ROLE PERMANENT SALARYPERANNUM¥RMB 2010 2011
BEIJING BANKING&FINANCIALSERVICES
249
BEIJING BANKING&FINANCIALSERVICES
Banking CorporateBankingRMManagingDirector CorporateBankingRMDirector CorporateBankingRMVP/SVP CorporateBankingRMAVP/Associate CorporateBankingRMManager/Analyst TradeFinanceHeadVP/Director TradeFinanceManagerAssociate/AVP CashManagementHeadVP/Director CashManagementManagerAssociate/AVP CommercialBankingSMERMAVP/VP CommercialBankingSMERMAssociate CommercialBankingSMERMAnalyst
NB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.
¥1.4m+ ¥800k-1.2m ¥400-800k ¥300-500k ¥180-300k ¥500-900k ¥250-500k ¥600k-1.2m ¥250-550k ¥300-500k ¥180-300k ¥80-150k
¥1.4m+ ¥800k-1.2m ¥400-800k ¥300-500k ¥180-300k ¥500-900k ¥250-500k ¥600k-1.2m ¥250-550k ¥300-500k ¥180-300k ¥80-150k
RobertWaltersGlobalSalarySurvey2011
BEIJING
CONSUMERSALES&MARKETING
Retail&Luxury MarketOverview
Theretailandluxuryindustryperformed remarkablywellinEastChinain2010. AlthoughBeijingdidnotperformaswellas Shanghai,wesawpositivegrowthduringthe firsthalfoftheyearwithquarterthreebeing thepeakseasonfortheretailsector.Hiring activitywasslightlylowerthanin2009,with afocusonjuniortomid-levelpositions.Roles inparticulardemandincludedassistantstore managers,storemanagers,areamanagers andvisualmerchandisersfortheluxury industryandsalessupervisorsandwholesale managersforthecasualandsportssector. Companiesthatwereactivelyhiringincluded globalandlocalretailbrandsthathadsetup newstoresandoperationsinNorthChina. Manyprincipalbrandsandretailownershad alsotakenbacktheirfranchisesfromtheir localpartners,resultinginanincreasein replacementhiresandareneweddemandfor retailprofessionals. Mostcandidateshadreasonablesalary expectationsin2010.Theaveragesalary increaseforretailoperationscandidates whenswitchingjobswashigherthanforany otherfunctionintheretailindustry,asthese candidateswerethemostsought-afterinthe industry.Wesawsalaryrisesforcandidates atthestoremanagerlevelintherangeof 30-50%. Thelocaltalentpoolwasinsufficienttofulfil thehiringdemand,especiallyforrolesatthe storeoperationslevel.Wesawmoreandmore companiesseekingcandidatesfromoverseas, particularlyforthetopluxurybrandssuchas Prada,DiorandLouisVuitton. througharestructuringexercisein2010and arerampinguptheiroperationstoprepare foracceleratedgrowth.Manybrandowners arealsolookingtoexpandtheirbusinesses intosecondtiercitiessuchasShenyang, Ha’erbinandChangchun.Asaresultofthese expansioninitiativesandwithmorecompanies lookingtoincreasetheirforeigninvestments inChina,weshouldseeanincreaseinhiring levelswithintheretailandluxurysectorinstore operations. Softskillswillbecomecriticalasemployers looktodifferentiatecandidateswith similarretailbackgroundsandexperience. Professionalretailcandidateswhodisplay leadershipqualities,ahands-onattitude andstrongpresentationalskillswillbehighly sought-after. Candidatesmovingintonewretailoperations roleswithintheluxurysectorcanexpecta salaryincreaseofapproximately15%.For otherpositionswithintheretailsectorwe expectsalariestoremainatalmostthesame levelsasthosein2010.Manycompaniesare willingtoofferhighsalarypackagestoattract toptalentasthereisanacuteshortageof goodandqualifiedretailcandidatesinthe market. Retailprofessionalswerecautiously optimisticandstartedconsideringvariousjob opportunitiesasthemarketrecovered,and moreinternationalcosmeticbrandsentered theChinamarket.Notablesalaryincreases becamemorecommonplaceasorganisations soughttoattractandretainkeyemployees byofferingmoreattractivecompensation packages. Thetalentpoolreducedastheyear progressedandwaseventuallyinsufficientto meetdemandasmostorganisationspreferred tohireexperiencedemployeesinsteadof utilisingresourcestotraininexperiencedones. However,wealsosawsomeorganisations hiringmanagementtraineesinsteadof recruitingpurelyexperiencedcandidates.
BEIJING CONSUMERSALES&MARKETING
BEIJING CONSUMERSALES&MARKETING
Outlookfor2011
Severalmulti-brandcompaniesandmajor cosmeticsagenciesareexpectedto implementaggressiveexpansionplansin 2011.RecruitmentactivityinNorthChina islikelytocontinuefocusingonsales supervisorandtrainerroles.Softskillssuch aspresentationandcommunicationsare expectedtobecomeincreasinglyimportantto differentiatewithinapoolofsimilarlyqualified candidates.Weanticipatethatthesalesand trainingsectorswillcontinueactivelyhiringin linewithmorecosmeticsbrandslaunching newretailcountersinNorthChina. Salariesarelikelytoremainsteadyforthose candidateswhoremaininthesamerole, however,wemayalsowitnessincreases ofuptoaround10-25%forthosewho moveintonewrolesacrossallfunctions withinthecosmeticsindustry.Duetothe intensecompetitionfortalent,companies areexpectedtofocusmoreonemployee retentionstrategiessuchasproviding careerprogressionopportunities,overseas educationalgrantsandmoreattractive compensationpackagestoretainkey employers.
Cosmetics MarketOverview
Therewerenotablyfewersalesandmarketing roleswithinthecosmeticssectorandmostof thehiringactivityinNorthChinawasfocused onjuniorpositionssuchassalessupervisor, areamanagerandtrainerroles.Thisstrong demandwasmainlyduetoanincreased needfortalenttomanagenewcosmetics countersopenedbyvariousbrandswhich werenewly-launchedintheChinesemarket. Professionalswithexcellentcommunication skillsandexperienceinthecosmeticsindustry commandedasalarypremium.
Outlookfor2011
Movinginto2011,manywatch,jewellery andluxurycompaniesareexpectedtoroll outaggressiveexpansionplansinChina. Thecasualandsportsretailcompanieswent
RobertWaltersGlobalSalarySurvey2011
250
BEIJING
CONSUMERSALES&MARKETING
ROLE PERMANENT SALARYPERANNUM¥RMB 2010 2011
BEIJING CONSUMERSALES&MARKETING
251
BEIJING CONSUMERSALES&MARKETING
Luxury AreaManager FieldCoach PR&EventsManager MarketingCommunicationsManager StoreManager VisualMerchandiser Casual/Sports CountryManager HeadofMarketing HeadofSales HeadofRetail HeadofProduct MarketingCommunicationsManager PRManager DigitalMarketingManager RetailMarketingManager NationalRetailOperationManager AreaManager RegionalSalesManager ProductManager VisualMerchandisingManager BusinessDevelopmentManager TrainingManager Cosmetics RegionalSalesManager AreaSalesManager/CityManager SalesSupervisor Trainer/TrainingExecutive
NB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.
¥400-500k ¥300-400k ¥240-400k ¥300-400k ¥200-400k ¥100-150k ¥1.2-1.5m ¥700k-1.0m ¥700k-1.0m ¥700k-1.0m ¥700k-1.0m ¥300-400k ¥200-350k ¥200-350k ¥250-400k ¥250-450k ¥150-300k ¥300-500k ¥250-450k ¥200-300k ¥300-450k ¥300-400k ¥250-400k ¥120-200k ¥50-90k ¥70-120k
¥400-500k ¥300-400k ¥240-500k ¥400-500k ¥200-400k ¥100-150k ¥1.2-1.5m ¥900k-1.5m ¥1.0-1.5m ¥800k-1.5m ¥700k-1.3m ¥300-500k ¥300-500k ¥250-400k ¥250-400k ¥300-550k ¥150-300k ¥300-500k ¥250-450k ¥200-350k ¥250-450k ¥300-400k ¥250-450k ¥120-200k ¥70-100k ¥80-150k
RobertWaltersGlobalSalarySurvey2011
BEIJING
SUPPLYCHAIN&QUALITY
MarketOverview
Afterexperiencinghiringfreezesduetothe globaleconomiccrisisin2009,themarket startedtorecovergraduallyfromquarterone of2010.Wesawasignificantincreaseinhiring activityfromquartertwo,whichcontinued throughtothesecondhalfoftheyear. China’seconomicstabilityandfastrecovery fromthefinancialcrisisencouragedmany multinationalstoincreasetheirinvestment focusinthishugemarket.Theautomotiveand machineryindustriesinparticularbenefited fromthisstrongrecoveryandwereactively hiringinresponsetothemarketgrowth. However,theFMCGsectorinBeijingsawa slowdowninrecruitmentactivityasacouple ofmajorplayershadmovedtheirsupplychain departmentstoShanghai. Midtoseniorlevelmanagerswerehighly sought-after,particularlythosewithskills incentralisedsupplychainmanagement, indirectsourcing,logisticsandprocurement. Theseskillsweredeemedcriticalinhelping organisationsbetterutiliseavailableresources andimprovecostefficiencies. Globaldemandforbetterqualityproducts fromChinaalsoledtoaspikeindemandfor supplierqualityroles. Wealsosawsomedirectorlevelopportunities inthisindustry,althoughmostemployers preferredtohirelocalcandidatesforthese seniorlevelrolesastheyweremorelikely tohavestrongermarketknowledgeand experiencewiththelocalsuppliernetwork. Withtheeconomypickingupmomentum wesawanincreaseinforeigninvestments andprojectsacrossallindustries,leadingto morejobopportunitiesinthemarket.Supply chainprofessionalsweremorewillingtomove thanlastyearandweremoreactiveinthejob market. Candidatesexpectedanaveragesalary increaseof10-20%.However,theywere moreflexiblewiththeirsalaryexpectationsas manyacknowledgedthattherewerefewer supplychainjobsinBeijingcomparedto Shanghai.Asaresult,candidatesplacedmore emphasisonlong-termcareerdevelopment andprogressionopportunities. Thelocaltalentpoolcouldnotfullymeet hiringneeds,butorganisationspreferredto hirecandidateswithlocalexperienceand internationalexposure,ratherthanthosefrom overseas. Candidateswillbeexpectingatleasta 20-30%salaryincreasewhenswitching jobsanda10%increaseiftheyremainin theircurrentroles.Thereasonforsuchhigh salaryexpectationsisprimarilytheincreased competitionfortop-tierlocaltalentamongthe multinationalorganisations.Candidatesmay alsobelookingtomakeupforthedelayed annualsalaryincreasesimposeduponthem duringtheeconomiccrisis. Oneofthekeychallengesforemployersin thissectorwillbetheshortageoflocaltalent alongwithintensecompetitionforexperienced supplychainandqualitycandidates.Asa result,manycompaniesareadoptingvarious creativestrategiesandincentivesinabidto retaintheirtopemployees.Someofthese includesponsoringtheiremployees’MBA education,offeringopportunitiestowork abroad,settinguparetentionsavingsplan andprovidingstockoptions.
BEIJING SUPPLYCHAIN&QUALITY
BEIJING SUPPLYCHAIN&QUALITY
Outlookfor2011
Weexpectthatorganisationsinthe automotiveandmachineryindustrieswillstart rollingouttheirexpansionplansin2011,which hadbeenputonholdduringthefinancial crisis.Thiswillpotentiallycreatemanynewjob opportunities,particularlyinthemanufacturing andsupplychainsectors. Weanticipatehiringneedswillcontinueto increaseasmorepeoplearerequiredto supportthebusinessgrowthresultingfrom thesenewinvestments.Midtoseniorlevel professionalswithskillsandexperiencein indirectsourcing,logistics,supplierqualityand procurementwillremainindemand. Outsidetheautomotiveindustry,the telecommunicationssectorwillbeanother keyareaofgrowth.Sourcingprofessionals whoarehighlyfamiliarwithlocalChineseor Asiansuppliers,possessstrongnegotiation skillsandhaveexperienceworkingwithglobal counterpartscouldbeachallengeandthey willbehighlysought-after. Candidateswithgoodinternationalexposure andexcellentcommunicationandleadership skillswillalsobeindemand,particularlyby multinationalcompanies.Employersarealso lookingforprofessionalswhoareabletotake theinitiativeandaregoodteamplayers.
RobertWaltersGlobalSalarySurvey2011
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BEIJING
SUPPLYCHAIN&QUALITY
ROLE PERMANENT SALARYPERANNUM¥RMB 2010 2011
BEIJING SUPPLYCHAIN&QUALITY
253
BEIJING SUPPLYCHAIN&QUALITY
SupplyChain&Quality LogisticsManager(5+yrs'exp) MaterialPlanningManager(5+yrs'exp) PurchasingManager(5+yrs'exp) SourcingManager(5+yrs'exp) SourcingDirector(10+yrs'exp) SupplierDevelopmentEngineer SupplierDevelopmentManager(5+yrs'exp) SupplierQualityEngineer SupplierQualityManager(5+yrs'exp) QualitySupervisor(5+yrs'exp) QualityManager(8+yrs'exp) QualityDirector(10+yrs'exp) SupplyChainManager(8+yrs'exp) SupplyChainDirector(10+yrs'exp) SupplyChainVP(15+yrs'exp) TransportationManager(5+yrs'exp) WarehouseManager(5+yrs'exp)
NB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.
¥150-350k ¥150-300k ¥200-450k ¥250-400k ¥450-900k ¥120-200k ¥250-450k ¥120-200k ¥250-450k ¥150-250k ¥250-450k ¥500k-1.0m ¥250-550k ¥500k-1.2m ¥800k-1.8m ¥150-250k ¥150-300k
¥250-400k ¥200-380k ¥200-500k ¥250-400k ¥500k-1.0m ¥200-300k ¥250-500k ¥150-200k ¥250-500k ¥150-250k ¥250-450k ¥500k-1.0m ¥250-600k ¥600k-1.2m ¥800k-1.8m ¥200-300k ¥200-350k
RobertWaltersGlobalSalarySurvey2011
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