Asia executive summary and key findings 2015

The RICS and Macdonald & CompanyAsia Rewards & Attitudes Survey 2015

Executive Summary and Key Findings

22 www.macdonaldandcompany.com/salary-survey

2015 EXECUTIVE SUMMARY

The RICS and Macdonald & Company Asia Rewards & Attitudes Survey 2015 Results 3

Foreword2015 marks nine years since Macdonald & Company ran its first rewards and attitudes survey in Asia and the growing success of this valuable market insight is supported by the highest response rate yet. I would like to extend a personal ‘thank you’ to all those who have participated this year, and especially to those who have been contributing for a decade. In such a diverse geographical area, with vastly differing economies and levels of development, our customers have always appreciated the insight into the market that the RICS/Macdonald & Company Salary Survey provides. In common with previous years, in depth granular data can be used to create bespoke reports on any particular country, demographic or industry sector; this Executive Summary provides some of the headline facts and results. I would welcome the opportunity to expand on any subject, should any of our readers like to arrange an appointment.

Compared to 12 months ago, the survey is notable for respondents’ reduced confidence for ongoing growth in 2015. Those recording the greatest caution are from the “Sales & Marketing” industry group, reflecting the ongoing cooling measures introduced to the residential property market in key territories - China, Hong Kong and Singapore. Conversely, executives in the CFO/CEO bracket and the Property Finance arena are the most bullish about future prospects. This is an interesting comparison between the attitudes of industries affected by private and corporate appetites respectively.

Looking deeper into the data, the story is a positive one suggesting that employees’ salaries are rising at a similar rate to the year before, bonuses remain robust and companies are set to continue hiring at a consistent level. These results reflect our practice’s experience in the last six months with our own economic activity rising; employee levels, fee income and client demand are all on the up. It seems that there is enough negative geopolitical news to keep industries, companies and individuals on their guard whilst the fundamentals suggest that growth will continue. That said, with 80% of respondents indicating they are happy in their current role but 60% still considering a move this year, retention strategies and remuneration for key employees should be high on the corporate agenda in 2015, if companies are to hit their targets.

Macdonald & Company Asia Practice is now 35 people strong, with hub offices in Hong Kong and Singapore providing coverage across the whole

Asian region. We have consultants with expertise in real estate development, investment and consultancy, construction, project management and design. Our single practice structure comprises nationals from China, Hong Kong, Japan, Canada, Australia and the UK. Once again, thank you for your input into the survey and we look forward to working with you again in the coming year.

William Glover, International Director, Macdonald & Company, March 2015

IntroductionNow in its ninth year, the Annual RICS and Macdonald & Company Asia Rewards & Attitudes Survey is the most comprehensive survey undertaken for the property sector.

The survey continues the success of previous years. 1,652 Asian real estate professionals participated online in December 2014 and January 2015 from across the Asian region.

Thanks this year must go to RICS and HKIFMA who actively promoted their involvement in the survey amongst their members. We would also like to thank all the participants who took time to complete the online survey.

Besides statistics on current salaries, recent salary increases, bonuses and employment package benefits, the results give insight into wider issues that are important to real estate professionals in their role and their attitudes toward employment.

This executive summary sets out the key findings of the survey.

For further information or analysis please contact:E: [email protected] or call our Hong Kong or Singapore offices.

An online statistics package for the 2015 survey is available at a cost of US $999. In addition to the Asia survey, Macdonald & Company and RICS undertake remuneration and attitudes surveys for the following regions: UK and Middle East. All reports are available at www.macdonaldandcompany.com

For the seventh year, the results have been collated and analysed by BluSky Research (a research trading name of BluSky Marketing Limited – www.bluskymarketing.com).

44 www.macdonaldandcompany.com/salary-survey4

KEY FINDINGS

are anticipating an improvement in economic activity (-12%*)

of respondents received a base salary increase (-5%*)

is the average salary for Asian real estate professionals (-$1,577*)

Negative business sentiment risen to 18% (+7%*)

Of the 51% who received an increase, the average was 9.8% (-0.3%*)

59% (versus 68%*) of all respondents secured an average bonus of $24,528 (-$1,165*)

*Versus last year 444 www.macdonaldandcompany.com/salary-survey

The RICS and Macdonald & Company Asia Rewards & Attitudes Survey 2015 Results 5*Versus last year 4The RICS and Macdonald & Company Asia Rewards & Attitudes Survey 2015 Results 5

of respondents class their current employer as an employer of choice (+3%*)

of respondents believe their organisation will increase headcount in 2015 (-3%*)

An MRICS/FRICS earns $109,160 in comparison to a non professionally qualified counterpart who earns on average $81,060

are fairly or very satisfied with their current employment (+2%*)

Better salary continues to be the most important job aspect

Health insurance remains the the most popular employee benefit provided

5


RESEARCH SAMPLE PROFILE

Response Rate TotalIn its ninth year with 1,652 respondents, the survey remains the most robust and respected survey of its kind with the highest response rate since it started in 2006. The response rate has risen by 8.3% on the previous year.

Years’ ExperienceHow many years’ experience do you have in your discipline?The general level of experience has fallen this year with the proportion of respondents who have over 16 years’ experience down to 44% from 47% the previous year. 45% of respondent have between 5 to 15 years’ experience compared to 40% last year.

Level of ResponsibilityWhat is the level of responsibility within the organisation for which you work?The distribution of respondents, by seniority, is largely the same as the previous year, although, Manager/Associates and GM/director/Principals have both fallen by 2%, at 44% and 15% respectively.

2009 2010 2011 2012/13 2014 2015

0

500

1,000

1,500

2,000

1,536

949

1,291 1,308

1,5251,652

+ 8.3% 14/15+ 26.3% 13/15

UP TO 4 yrs 5–10 yrs 11–15 yrs 16–20 yrs Over 21yrs

2013 2014 2015

0%

10%

20%

30%

40%

15%

10% 10%

24%

21%

24%

18%19%

21%

16% 17% 16%

26%

30%28%

Assistant/Analyst

Manager/Associate

AssociateDirector/Vice

President

GM/Director/Principal

ExecutiveDirector/MD/

CFO/COO

2013 2014 2015

24%

22%

23%

44% 46

%

44%

10%

9% 9%

16% 17

%

15%

7% 7% 8%

0%

10%

20%

30%

40%

50%


Average Asian Real Estate Salary (US$pa)What is your current annual base salary in US$?The average base salary of real estate professionals in Asia has declined, down to US$94,510 this year. The 1.6% fall in average salary across Asia could be partially attributed to a change in the profile of respondents. Manager/Associates and GM/Director/Principals, are both down 2% from the previous year whilst those with over 16+ years’ experience have also decreased from 47% last year to 44% this year.

Average Salary (US$pa): RegionWhat is your current annual base salary in US$?All regions showed a decline in annual average base salary in 2015, down by an average of 1.6% year on year. Those working in Hong Kong showed the smallest decline in average annual salary, down -3.4% year on year from US$98,929 to US$95,573. The PRC showed the largest declines in annual average salary, down -32.4% from US$138,400 last year to US$93,566 this year. This is perhaps due to a much larger % of respondents last year from the PRC being at a more senior level of responsibility and brings PRC salaries closer in line with the regional norm.

Average Salary (US$pa): Region by Qualified RICSWhat is your current annual base salary in US$?Across the Asia region the average salary for a RICS qualified respondent increased from US$105,159 to US$109,160 (or a 3.8% increase) year on year. Those working in the Asian Real Estate market with a RICS qualification also secure a 34.7% higher average salary (US$109,160) against those who are not professionally qualified (US$81,060). Some regions showed declines year on year in average salary for a RICS qualified respondent, perhaps following the overall average annual salary decrease in Asia.

AVERAGE ASIAN REAL ESTATE SALARY & BONUSES (US$ )

2012/13 2014 2015

$90,000

$92,000

$94,000

$96,000

$98,000

$100,000 $99,421

$96,087

$94,510

- 1.6% 14/15- 4.9% 13/15

2012/13 2014 2015

$0 $30,000

$94,510

$96,087

$99,421

$113,284

$125,580

$135,937

$95,573

$98,929

$100,349

$93,566

$138,400

$106,633

$63,073

$71,804

$55,660

$60,000 $90,000 $120,000 $150,000

Average All

Singapore

Hong Kong

PRC

Malaysia

Average All

Singapore

PRC

Hong Kong

Malaysia

2012/13 2014 2015

$0 $50,000

$109,160

$105,159

$120,923

$153,630

$161,735

$181,342

$103,187

$150,602

$120,938

$116,391

$111,591

$107,903

$81,906

$94,000

$91,740

$100,000 $150,000 $200,000


Average Salary (US$pa): Level of ResponsibilityWhat is your current annual base salary in US$?

Annual Salary Is your salary paid over 12 months or 13 months?On average 69% of respondents’ salaries are paid over 12 months, with the highest being Malaysia (88%) and the lowest PRC (61%). Inversely, 39% of PRC respondents are paid over 13 instalments during the year.

Change to Salary at Last ReviewWhat change (if any) was made to your annual base salary at your last pay review?51% of respondents secured a base salary increase, down from 56% last year, while 1% received a salary reduction. 22% of the respondents did not see a change in their annual salary, down by 7% versus the previous year.

2012/13 2014 2015 +/-

Total $99,421 $96,087 $94,510 -1.6%

Assistant/Trainee/Graduate $19,251 $22,959 $20,965 -8.7%

Analyst/Officer $46,814 $45,470 $41,238 -9.3%

Manager $72,850 $66,502 $71,082 6.9%

Senior Manager/Associate $99,429 $100,365 $98,346 -2.0%

Associate Director/ Vice President $120,067 $130,098 $115,584 -11.2%

GM/Director/Principal $161,059 $151,588 $149,339 -1.5%

Executive Director/MD/CFO/COO $235,344* $185,047 $192,136 3.8%


* Response rate below 100 per response year

0%

20%

40%

60%

80%

100%

69%

31%

88%

13%

73%

27%

67%

33%

61%

39%

Average All Malaysia Singapore Hong Kong PRC

12 Months 13 Months

Up by 15%+ (+1%)7%

Up by 11-15% (-2%)5%

Up 6-10% (+1%)17%

Up by <5% (=)21%

Reduced (-1%)1%

Unchanged (-7%)22%

No Response (+13%)26%

Up not disclosed (-4%)1%


Average Increase: AgeWhat (if any) was the % increase of your salary?Those aged 18-24 received the highest average annual salary increase at 12.6%. Respondents aged between 51-60 (up from 7.4% to 8.1%) and those aged 60+ (up from 7.9% to 8.1%) both received a greater average annual salary increase this year. However the other age groups received a reduction in annual salary increase, which reflects this year’s average annual growth of 9.8%, down from 10.1%.

Average Increase: RegionWhat (if any) was the % increase of your salary?

Annual Bonuses Received (US$’000pa)What was the approximate value of your annual bonus (or bonuses) over the last 12 months?59% of respondents received a bonus (down from 69% last year) and the average bonus awarded was US$24,528 (down from US$25,693). Those who did not secure a bonus increased to 41% (from 32% last year).

2012/13 2014 2015 +/-

Total $99,421 $96,087 $94,510 -1.6%

Assistant/Trainee/Graduate $19,251 $22,959 $20,965 -8.7%

Analyst/Officer $46,814 $45,470 $41,238 -9.3%

Manager $72,850 $66,502 $71,082 6.9%

Senior Manager/Associate $99,429 $100,365 $98,346 -2.0%

Associate Director/ Vice President $120,067 $130,098 $115,584 -11.2%

GM/Director/Principal $161,059 $151,588 $149,339 -1.5%

Executive Director/MD/CFO/COO $235,344* $185,047 $192,136 3.8%


AVERAGE INCREASE CHANGE TO SALARY – LAST YEAR

=

Total 9.8% 30% 69% 1%

PRC 10.7% 36% 63% 1%

Malaysia 9.2% 27% 72% 1%

Singapore 8.9% 31% 67% 3%

Hong Kong 8.8% 21% 79% 1%

18-24 25-30 31-40 41-50 51-60 60+

2012/13 2014 2015

0%

4%

9.6%

12.1

%

12.6

% 14.5

%

12.9

%

12.3

%

12.9

%

10.6

%

10.5

%

9.7%

9.2%

8.1% 9.

2%

7.4% 8.

1%

7.8%

7.9% 8.1%

8%

12%

16%

$20.0K plus (-4%)18%

$10.0K - $19.9K (+1%)14%

$5.0K - $9.9K (-3%)12%

$2.5K -$4.9K (-1%)8%

Up to $2.49K (-2%)7%

Nil (+9%)41%


OVERVIEWBY MAIN PROFESSIONAL ACTIVITY

RESPONSES AVERAGE SALARY AVERAGE BONUS CHANGE TO SALARY – LAST YEAR NEXT 12 MONTHS – ANTICIPATED ECONOMIC CHANGE

= RIC* = ?

Average Overall 1652 $94,510 $24,528 30% 69% 1% 9.1% 35% 44% 13% 2% 7%

Academic 6 $28,125 $15,210 0% 100% 0% 8.5% 25% 25% 25% 25% 0%

Analyst 28 $56,090 $20,421 35% 65% 0% 9.3% 27% 50% 12% 0% 12%

Architect/Design 75 $85,977 $23,948 32% 66% 2% 9.5% 38% 38% 14% 0% 10%

Building Surveying 70 $57,015 $10,574 25% 75% 0% 9.1% 24% 45% 27% 0% 4%

Buying 32 $75,319 $12,181 28% 68% 4% 9.7% 29% 33% 33% 0% 4%

CEO/MD/Head 81 $198,623 $102,218 35% 63% 2% 10.6% 35% 53% 11% 0% 2%

CFO/Financial Director/Controller 17 $177,286 $117,531 14% 86% 0% 6.8% 14% 64% 14% 0% 7%

Claims & Dispute Resolution 30 $153,842 $23,398 26% 74% 0% 11.4% 32% 48% 12% 0% 8%

Commercial Agent 17 $62,542 $37,333 58% 42% 0% 11.5% 8% 58% 33% 0% 0%

Consultant 92 $77,535 $14,939 35% 65% 0% 9.7% 33% 44% 17% 1% 4%

CRE Transactions 26 $115,516 $34,615 36% 59% 5% 12.9% 30% 55% 10% 5% 0%

Design 12 $136,111 $31,725 25% 75% 0% 12.6% 38% 63% 0% 0% 0%

Energy 12 $87,906 $12,035 60% 40% 0% 8.3% 50% 30% 0% 10% 10%

Engineering 203 $61,780 $9,350 27% 71% 1% 9.5% 33% 45% 13% 2% 6%

Environmental 10 $84,024 $6,833 67% 33% 0% 14.0% 29% 57% 14% 0% 0%

Facilities Management 61 $112,914 $15,026 34% 64% 2% 7.6% 47% 36% 7% 0% 11%

Fund Management 26 $118,962 $59,105 27% 73% 0% 10.1% 33% 50% 0% 4% 13%

Geomatics 10 $67,809 $5,261 14% 86% 0% 15.8% 44% 44% 0% 0% 11%

Health and Safety 14 $65,086 $6,900 40% 60% 0% 8.2% 38% 63% 0% 0% 0%

Interior Design 17 $83,780 $10,327 25% 75% 0% 13.0% 45% 55% 0% 0% 0%

Landscape Architect 6 $111,243 $15,200 67% 33% 0% 10.0% 33% 33% 0% 0% 33%

Leasing 35 $84,504 $16,073 24% 76% 0% 9.4% 33% 50% 8% 4% 4%

New Build/Construction 70 $115,444 $23,104 16% 82% 2% 7.2% 30% 59% 11% 0% 0%

Planner 13 $106,940 $14,300 30% 70% 0% 8.0% 20% 60% 0% 10% 10%

Project Director 44 $125,757 $19,216 36% 64% 0% 8.6% 65% 13% 16% 0% 6%

Project Management 196 $94,728 $16,582 39% 60% 1% 8.1% 39% 42% 9% 1% 8%

Property Asset Management 58 $125,591 $41,089 23% 77% 0% 7.5% 51% 35% 5% 2% 7%

Property Building Manager 36 $93,467 $13,661 15% 78% 7% 6.1% 22% 56% 15% 0% 7%

Property Finance 22 $93,288 $29,597 26% 74% 0% 13.1% 12% 59% 6% 12% 12%

Quantity Surveying 17 $33,447 $8,682 42% 58% 0% 11.4% 30% 40% 20% 0% 10%

Research 12 $94,580 $19,641 60% 40% 0% 13.5% 60% 30% 0% 0% 10%

Sales & Marketing 62 $69,368 $13,766 26% 72% 2% 8.9% 27% 43% 16% 5% 9%

Site Management 13 $85,177 $7,904 0% 91% 9% 11.3% 20% 70% 0% 10% 0%

Valuation 80 $68,853 $17,783 30% 68% 2% 8.3% 33% 34% 26% 0% 7%

Other 150 $101,142 $22,147 13% 84% 4% 9.4% 38% 38% 9% 2% 13%


RESPONSES AVERAGE SALARY AVERAGE BONUS CHANGE TO SALARY – LAST YEAR NEXT 12 MONTHS – ANTICIPATED ECONOMIC CHANGE

= RIC* = ?

Average Overall 1652 $94,510 $24,528 30% 69% 1% 9.1% 35% 44% 13% 2% 7%

Academic 6 $28,125 $15,210 0% 100% 0% 8.5% 25% 25% 25% 25% 0%

Analyst 28 $56,090 $20,421 35% 65% 0% 9.3% 27% 50% 12% 0% 12%

Architect/Design 75 $85,977 $23,948 32% 66% 2% 9.5% 38% 38% 14% 0% 10%

Building Surveying 70 $57,015 $10,574 25% 75% 0% 9.1% 24% 45% 27% 0% 4%

Buying 32 $75,319 $12,181 28% 68% 4% 9.7% 29% 33% 33% 0% 4%

CEO/MD/Head 81 $198,623 $102,218 35% 63% 2% 10.6% 35% 53% 11% 0% 2%

CFO/Financial Director/Controller 17 $177,286 $117,531 14% 86% 0% 6.8% 14% 64% 14% 0% 7%

Claims & Dispute Resolution 30 $153,842 $23,398 26% 74% 0% 11.4% 32% 48% 12% 0% 8%

Commercial Agent 17 $62,542 $37,333 58% 42% 0% 11.5% 8% 58% 33% 0% 0%

Consultant 92 $77,535 $14,939 35% 65% 0% 9.7% 33% 44% 17% 1% 4%

CRE Transactions 26 $115,516 $34,615 36% 59% 5% 12.9% 30% 55% 10% 5% 0%

Design 12 $136,111 $31,725 25% 75% 0% 12.6% 38% 63% 0% 0% 0%

Energy 12 $87,906 $12,035 60% 40% 0% 8.3% 50% 30% 0% 10% 10%

Engineering 203 $61,780 $9,350 27% 71% 1% 9.5% 33% 45% 13% 2% 6%

Environmental 10 $84,024 $6,833 67% 33% 0% 14.0% 29% 57% 14% 0% 0%

Facilities Management 61 $112,914 $15,026 34% 64% 2% 7.6% 47% 36% 7% 0% 11%

Fund Management 26 $118,962 $59,105 27% 73% 0% 10.1% 33% 50% 0% 4% 13%

Geomatics 10 $67,809 $5,261 14% 86% 0% 15.8% 44% 44% 0% 0% 11%

Health and Safety 14 $65,086 $6,900 40% 60% 0% 8.2% 38% 63% 0% 0% 0%

Interior Design 17 $83,780 $10,327 25% 75% 0% 13.0% 45% 55% 0% 0% 0%

Landscape Architect 6 $111,243 $15,200 67% 33% 0% 10.0% 33% 33% 0% 0% 33%

Leasing 35 $84,504 $16,073 24% 76% 0% 9.4% 33% 50% 8% 4% 4%

New Build/Construction 70 $115,444 $23,104 16% 82% 2% 7.2% 30% 59% 11% 0% 0%

Planner 13 $106,940 $14,300 30% 70% 0% 8.0% 20% 60% 0% 10% 10%

Project Director 44 $125,757 $19,216 36% 64% 0% 8.6% 65% 13% 16% 0% 6%

Project Management 196 $94,728 $16,582 39% 60% 1% 8.1% 39% 42% 9% 1% 8%

Property Asset Management 58 $125,591 $41,089 23% 77% 0% 7.5% 51% 35% 5% 2% 7%

Property Building Manager 36 $93,467 $13,661 15% 78% 7% 6.1% 22% 56% 15% 0% 7%

Property Finance 22 $93,288 $29,597 26% 74% 0% 13.1% 12% 59% 6% 12% 12%

Quantity Surveying 17 $33,447 $8,682 42% 58% 0% 11.4% 30% 40% 20% 0% 10%

Research 12 $94,580 $19,641 60% 40% 0% 13.5% 60% 30% 0% 0% 10%

Sales & Marketing 62 $69,368 $13,766 26% 72% 2% 8.9% 27% 43% 16% 5% 9%

Site Management 13 $85,177 $7,904 0% 91% 9% 11.3% 20% 70% 0% 10% 0%

Valuation 80 $68,853 $17,783 30% 68% 2% 8.3% 33% 34% 26% 0% 7%

Other 150 $101,142 $22,147 13% 84% 4% 9.4% 38% 38% 9% 2% 13%

*Real Industry Change. The average increase of those respondents who reported a salary increase offset against

those who reported a salary decrease as a %.


Average Real Estate Total RewardWhat was the approximate value of your annual salary, bonus and additional remuneration received (e.g. commission & performance related pay) over the last 12 months?The average total reward for an Asian real estate professional is US$134,675, down from US$140,874 or -4.4% on the previous year. The total reward includes the average annual salary, average annual bonus (or bonuses) and the average additional remuneration received (e.g. commission & performance related bonus) per annum.

Important Job AspectsHow important are each of the following to you in your job?Salary continues to be the most important factor when it comes to job satisfaction (79%, up from 75% last year), followed by management style (71%, up from 69%), responsibility (66%, up from 63%), career progression (63%, up from 62%) and range of interesting work (63%, equal to last year).

Employment BenefitsWhich of the following additional benefits are included in your current package?Health insurance (75%), 5 day working week (69%) and mobile phone (45%) are the most popular employee benefits provided, while the proportion of respondents who did not receive any employee benefits has decreased from 4%to 3% this year.


$0

2012/2013 2014 2015

$31,000

$62,000

$93,000

$124,000

$155,000

$99,421

$28,852$25,693 $24,528

$15,607$19,094$21,996

$150,269

$140,874 $134,645

$96,087 $94,510

- 4.4% 14/15- 10.4% 13/15

2012/13 2014 2015

Salary

Management style

Responsibility

Career progression

Range of interesting work

Job security

Training/Development

Working environment

Location

Range of clients

Latest technology

Travel opportunities

79%75%

78%

71%69%

68%

66%63%

67%

63%62%

65%

63%63%

66%

59%58%

61%

57%54%

56%

53%56%

58%

40%39%

42%

39%36%37%

33%29%

31%

23%24%

26%

0% 10% 20% 30% 40% 50% 60% 70% 80%

Health insurance75%

70%63%

69%65%

61%45%

51%47%

37%37%

31%28%

26%25%25%25%

24%25%

24%20%

16%17%

20%16%16%16%

15%14%

11%14%

17%21%

14%16%

9%12%13%

10%12%12%

8%11%

12%13%

11%10%

8%8%

10%11%

7%8%8%

6%6%6%6%

5%5%5%

8%11%

3%4%

2%5%5%5%

3%4%4%

5 day working week

Mobile phone

Performance related bonus

Dental insurance

Housing allowance

13th month guaranteed bonus

Pension/Gratuity

Flights

Lunches/Luncheon vouchers

Other insurances

Company car allowance

Company car

Pro�t share

Flexitime

Paid overtime

Relocation package

Share option scheme

School fees

Club membership

Tax ef�ciency scheme

Sign on bonus

Other

None

2012/13 2014 2015

0% 10% 20% 30% 40% 50% 60% 70% 80%


MARKET ATTITUDES

Holiday UsageDo you utilise your full annual holiday entitlement?65% of respondents used their full annual holiday entitlement, the same as the previous year. 35% fail to take their full holiday entitlement.

Holiday Usage (Cont.)Do you utilise your full annual holiday entitlement?Of the 35% who fail to take full holiday entitlement, 22% are Managers, 19% are Analyst/Officers and 18% are Senior/Manager Associates. Only 4% of those who fail to take full holiday entitlement are Assistant/Trainee/Graduates.

Holiday Usage (Cont.)Do you utilise your full annual holiday entitlement?Of the 35% who fail to take full holiday entitlement, the majority of those respondents work in either Development/Investment/Property Company (30%), Practice/Consultancy/Advisors (29%) or Contractors (20%).

Assistant/Trainee/ Graduate4%

Analyst/Of�cer18%

Manager22%

Senior Manager/Associate19%

Associate Director/Vice President12%

GM/Director/Principal14%

Executive Director/MD/CFO/COO

11%

Practice/Consultancy/Advisor

29%

Contractor20%

Development/Investment/Property Company

30%

Financial Institution4%

REITS2%

Facilities Management6%

Retailer2%

Occupier1%

Education2%

Governement3%

Non-pro�t making organisaiton1%

Yes (=)65%

No (=)35%


Job SatisfactionHow satisfied overall are you with your current job?The majority of survey participants (80%) are fairly or very satisfied with their current job (up 2% from last year). However, 20% of respondents felt they were not at all or not very satisfied with their current job, down slightly from 22% last year (-2%).

Employer of ChoiceDo you consider your current employer an employer of choice?Overall 66% (+3%) of the survey respondents consider that their current employer is an employer of choice, which increased slightly in comparison to last year.

Moving Job How likely are you to change employer in the next 12 months?60% of respondents state that they are either very or fairly likely to move job in the next 12 months, down from 62% last year.


Yes (+3%)66%

No (-3%)34%

Fairly (=)58%

Very (+2%)22%

Not very (-1%)16%

Not at all (-1%)4%

Fairly (+3%)36%

Very (-5%)24%

Not very (+1%)30%

Not at all (+1%)10%


Moving Job (Cont.)How likely are you to change employer in the next 12 months?Of the 60% of respondents that state they are either very or fairly likely to move job in the next 12 months, 21% are Managers, 21% Analyst/Officers and 17 Senior Manger/Associates. Only 5% are Assistant/Trainee/Graduates and further 5% are Executive Director/MD/CFO/COO.

Moving Job (Cont.) How likely are you to change employer in the next 12 months?Of the 60% of respondents that state they are either very or fairly likely to move job in the next 12 months, 28% work within Practice/Consultancy/Advisors and a further 28% within Development/Investment/Property Companies. They are followed by those working in Contractors (21%) and Facilities Management (8%). Only 1% are in Non-Profit Making Organisaitons and 1% in Education.

Hiring IntentionsDo you expect your organisation to increase headcount in 2014?Over half of respondents (63%) believe their organisation will increase headcount in 2015, with 53% of respondents expecting their organisation to modestly increase headcount and 10% expecting a significant increase in headcount in 2015.

MARKET ATTITUDES

Yes, signi�cantly (-3%)10%

Yes, modestly (=)53%

No (+1%)24%

I am not sure (+3%)13%

Assistant/Trainee/ Graduate5%

Analyst/Of�cer21%

Manager30%

Senior Manager/Associate17%

Associate Director/Vice President9%

GM/Director/Principal13%

Executive Director/MD/CFO/COO

5%

Practice/Consultancy/Advisor

28%

Contractor21%

Development/Investment/Property Company

28%

Financial Institution4%

REITS2%

Facilities Management8%

Retailer2%

Occupier2%

Education1%

Governement3%

Non-pro�t making organisaiton1%


Hiring IntentionsAt what level/role do you expect your company to hire this year?Of the respondents who expected their organisation to increase headcount in 2015, 65% believe their company will hire qualified or experienced professionals, while 26% anticipate their company hiring at graduate and entry level.

Pay and Benefits by Main Professional ActivityHow do you anticipate that your pay and benefits will be affected by market conditions in the next 12 months? 59% working in Property Finance and 59% in New Build/Construction anticipate their pay and benefits will be positively affected by market conditions in the next 12 months, making them the most confident Main Professional Activities. They are followed by Property Building Manager (56%) and CRE Transactions (55%). Those working in Buying are the least confident, with 33% anticipating their pay and benefits will be negatively affected.

Economic Activity by Main Professional ActivityIn your chosen profession, do you anticipate economic activity in the next 12 months?Property Finance is also one of the most positive about the economic outlook in the next 12 months with 53% anticipating an increase in economic activity during 2015, with 53% of CEO/MD/Heads anticipating the same followed closely by CRE Transactions (52%). Those working in Sales & Marketing are the least confident, with 30% anticipating a decrease in economic activity during 2015.


Graduates/entry levelroles (+4%)

26%

Quali�ed or experiencedprofessionals (-3%)

65%

Director level/seniorappointments (+1%)

7%

Other (-2%)2%

Prop

erty

Fin

ance

New

Bui

ld/C

onst

ruct

ion

Prop

erty

Bui

ldin

g M

anag

er

CR

E T

rans

actio

ns

CE

O/M

D/H

ead

Buyi

ng

Build

ing

Sur

veyi

ng

Val

uatio

n

Con

sulta

nt

Proj

ect D

irec

tor

59% 59%56% 55%

53%

33%

27% 26%

17% 16%

0%

10%

20%

30%

40%

50%

60%

Top 5 Positive Main ProfessionalActivities

Top 5 Negative Main ProfessionalActivities

Prop

erty

Fin

ance

Top 5 Positive Main ProfessionalActivities

Top 5 Main ProfessionalActivities

CE

O/M

D/H

ead

CR

E T

rans

actio

ns

Arc

hite

ct/D

esig

n

New

Bui

ld/C

onst

ruct

ion

Sale

s &

Mar

ketin

g

Val

uatio

n

Con

sulta

nt

Prop

erty

Bui

ldin

g M

anag

er

Buyi

ng

53% 53% 52%

45%

41%

30%28%

24%22% 21%

0%

10%

20%

30%

40%

50%

60%


Economic Activity ChangeIn your chosen professional activity, do you anticipate economic activity in the next 12 months to increase, decrease or remain unchanged?Those working in Singapore are generally the most optimistic with 35% anticipating a increase in economic activity (down from 55% last year). Only 22% of those working in Malaysia however anticipate an increase compared to 36% across the Asian regions.

Economic Activity ChangeIn your chosen professional activity, do you anticipate economic activity in the next 12 months to increase, decrease or remain unchanged?36% of respondents anticipate the economic activity to increase (down from 48% last year), while 18% believe it will decrease (up from 11%). Nearly half of the Asian region respondents (46%) believe economic activity will remain unchanged over the next 12 months.

MARKET ATTITUDES

Average All

Singapore

Hong Kong

PRC

Malaysia

Increase Decrease Remain unchanged

0%

36%

18%

46%

35%

17%

48%

35%

10%

55%

28%

34%

38%

22%

36%

42%

10% 20% 30% 40% 50% 60%

40%

48%

36%

12% 11%

18%

48%

41%

46%

Increase Decrease Remainunchanged

2012/13 2014 2015

0%

10%

20%

30%

40%

50%

Prime People PLC

London2 Harewood Place, Hanover Square, London W1S 1BX T +44 (0) 20 7629 7220 F: +44 (0) 87 0442 1737 E: [email protected]

ManchesterYork House, 20 York Street, Manchester M2 3BB T: +44 (0) 161 605 0500 E: [email protected]

DubaiKnowledge Village, Dubai Media City (TECOM), Block 11, Office F13, P. O. Box 282196 Dubai, UAE T: +971 4 4366 393 E: [email protected]

Hong Kong16th Floor, 1 Duddell Street, Central, Hong Kong T: +852 2248 3000 E: [email protected]

Singapore 63 Market Street #05-02, Bank of Singapore Centre Singapore, 048942 T: +65 6713 9640 E: [email protected]

South AfricaCorner House, Corner 10th Avenue & Wessel Road Rivonia 2128, South Africa T: +27 10 005 1520 E: [email protected]

www.macdonaldandcompany.com

Macdonald & Company is the leading professional recruitment consultancy for the real estate and built environment sectors. Established in 1994 and headquartered in the UK, we apply local knowledge with true global connection through our offices in Asia-Pacific, the Middle East and Africa. Our specialist teams act for every class of organisation owning, occupying, financing or advising on property, construction and engineering – developers, investors, institutions, funds, banks, consultancies and contractors. We are the preferred recruitment partner of RICS - the Royal Institution of Chartered Surveyors. Macdonald & Company is a subsidiary of the London Stock Exchange quoted Prime People Plc.

People make the difference. We connect you to that difference.

Documents

Asia executive summary and key findings 2015