Thailand and Southeast Asia to see salary growth across key sectors: annual survey

This was largely attributed to the region attracting new market entrants and supporting the expansion of existing businesses, while in Thailand the stable economy and foreign investment were positive factors.
The survey, in its nineteenth edition, discusses recruitment disciplines during 2017 and predictions for the year ahead.
It shared optimistic predictions into 2018, including salary growth driven by a regionally strong economic outlook, ongoing digitalisation and steady market expansion. Local market candidates with strong technical skills, particularly in information technology (IT) and international experience will be highly sought after.
Notwithstanding the fact that the region is comprised of varied country settings, there is a common theme apparent with regard to digitalisation, which has continued to be a key priority across most markets. The survey noted that this is mainly driven by the growing size of younger populations and increased consumerism.
The digitalisation trend sweeping the region “has spurred many businesses to create online or mobile platforms as companies seek to enhance their competitiveness and increase market share with consumers,” said Toby Fowlston, managing director for Southeast Asia, Robert Walters.
The transformations have led many companies to hire professionals with digital expertise, across both marketing and information technology (IT). In particular demand are workers proficient in running back office digital infrastructure or with niche technology skills, he said.
“In addition, IT professionals in the areas of cloud computing, cyber security and big data were also in demand as these IT sub-sectors became key growth areas, and this trend is expected to continue in 2018,” added Fowlston.
The survey also noted that this focus on business transformation to digital platform had also helped to trigger demand for human resource (HR) professionals with change management experience, especially those with proven ability in managing cultural transformation.
However, the region had faced challenges in terms of attracting and keeping skilled workers due to talent shortages and high staff turnover rates. Hiring managers are advised to look at simplifying and streamlining their recruitment process to ensure timely hires, and to be flexible in hiring candidates with learning potential instead of purely for their current technical skills.