Robert Walter Salary Survey 2013 - Indonesia

Robert Walters Global Salary Survey 2012Robert Walters Global Salary Survey 2013

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ESIAIndonesia has a population of approximately 275 million people and an economy that is growing at 6% annually. The government has been able to stem inflation with specially designed policies, creating an environment for further economic growth. Additionally, with a growing middle class possessing higher disposable incomes, Indonesia has become one of the largest and rapidly growing emerging markets in the world.

This burgeoning middle class were a significant driving force behind increasing domestic consumption, which led to further growth within the FMCG, healthcare and medical services sectors. As a result, there was a rise in sales and marketing job opportunities to meet the increasing demand from this demographic.

The country also remains an attractive destination for businesses as it continues to internationalise and evolve. Its ability to remain resilient amid an uncertain global economic climate made it a prime location for foreign investment, which in turn further fuelled domestic industry growth.

The jobs market remained candidate-short in certain areas, such as banking and financial services, as well as human resources. This could potentially threaten companies future growth plans as they compete for a finite pool of professionals.

2013 is likely to be an interesting year full of challenges and opportunities for the Indonesia recruitment market. Companies across various industries are looking to expand and grow their business and talented professionals are therefore likely to be in demand across all sectors, causing a further squeeze on the number of qualified and experienced professionals. With such intense competition for the best candidates, employers will need to focus on their talent retention strategies and/or offer more competitive packages to ensure they keep their key employees.

JAKARTA JAKARTAACCOUNTING&FINANCE

JAKARTA

ACCOUNTIN

G&FIN

ANCE

ACCOUNTIN

G&FIN

ANCE

RobertWaltersGlobalSalarySurvey2013295

Theaccounting&financedivisionrecruitsformultinationalcompaniesacrossallsectors.Keyroleswespecialiseinincludefinancemanagers,financialplanningandanalysismanagers,taxandtreasurymanagers,financialcontrollers,financedirectorsandCFOs.

MarketOverviewEmployersrecruitedactivelytomeettheincreasingdemandfromadevelopingmarketinahighgrowtheconomy.Hiringlevelsremainedhighwithamixtureofnewlycreatedandreplacementroles.

In2012,therewasconsistentdemandforprofessionalsinthemiddlemanagementaccountingandfinancespace.Thiswasbecauseanumberofmultinationalssoughtfinanceandfinancialplanningandanalysis(FP&A)managers,aswellasfinancialcontrollersfornewrolescreatedinlinewiththeirexpansionplans.SenioraccountingandfinanceprofessionalswereinhighdemandasorganisationscontinuedtoentertheIndonesianmarket,whilemoreestablishedcompaniessoughttoimprovethequalityoftheirstaffatfinancemanagementlevel.

Organisationsalsosoughtchieffinancialofficers,financedirectorsandgeneralaccountants.Tosupportgrowth,multinationalemployersrequiredqualityemployeeswithregionalandglobalexperiencetoworkwithaninternationalbusinessculture.Inparticular,thenumberofjobsavailableforseniorlevelfinanceprofessionalsincreasedinthesecondhalfoftheyear.Companieswereconfidentabouthiringafterexperiencingencouragingresultsforthefirsthalfoftheyearandsolidfutureforecasts.Ascompaniescontinuedtoexpand,theyrecruitedseniorprofessionalstoexecuteexistingplansandtomanageforecastsforthefollowingyear.

Salarylevelsformostjobfunctionsincreasedby10%year-on-year.Withafinitetalentpool,

employeeswithindemandexperienceoftenreceivedmultiplejoboffersandthereforeexpectedsalaryrisesaveraging20-30%whenmovingroles.Professionalsinmiddlemanagementpositionswereparticularlyopentonewjobopportunities,astheysoughttocapitaliseonastrongemploymentmarket,tosecurenewcareeropportunitiesand-ideally-receivemorecompetitivesalaries.

Outlookfor2013JoblevelsarelikelytoremainhighduetothegrowingeconomyandmultinationalscontinuingtoinvestinIndonesia.Weexpectthiswillcreatedemandforfinanceprofessionalswhocanhelpfirmsenterthemarketandplanfurthergrowthstrategies.

Professionalswithrelevantaccountingandfinancequalificationsandexperiencearelikelytobeindemand.Employerswillbeparticularlykeentorecruitcandidateswhocanaddvaluetotheorganisation.Thosewhopossessaproventrackrecordofimplementingchangeandservingasabusinesspartnerwillbehighlysought-after.

Wealsoanticipatedemandforfinancemanagersatthemidtoseniorlevel,especiallythosewithprojectmanagementexperience.AsmorecompaniesentertheIndonesianmarket,wepredictnewsystemsandplanswhichwillthereforeleadtoincreaseddemandforimplementation-focusedskills.Salariesarelikelytocontinueincreasingyear-on-year,althoughmiddlemanagementprofessionalswillbemoreopentonewcareeropportunitiesastheyseekpayincreases.Employeesarelikelytorecievesalaryincrementoffersof20-30%whentheymovetoanewrole.

JAKARTA JAKARTAACCOUNTING&FINANCE

JAKARTA

ACCOUNTIN

G&FIN

ANCE

ACCOUNTIN

G&FIN

ANCE

RobertWaltersGlobalSalarySurvey2013 296

ROLE PERMANENTSALARYPERANNUMIDR

2012 2013

ChiefFinancialOfficer Rp1287-1580m Rp1430-1755mFinanceDirector-LargeOrganisation Rp878-1088m Rp975-1209mFinanceDirector-Small/MediumOrganisation Rp644-819m Rp715-910mFinancialController-LargeOrganisation Rp456-573m Rp506-637mAuditor(8+yrsexp) Rp340-433m Rp377-481mCommercialManager Rp328-386m Rp364-429mCorporateFinance(6+yrsexp) Rp257-316m Rp286-351mInternalAuditor-Director Rp597-725m Rp663-806mGroupAccountant-Consolidations Rp328-386m Rp364-429mTaxDirector Rp562-679m Rp624-754mBusinessAnalyst(6-10yrsexp) Rp269-410m Rp299-455mFinancialController-Small/MediumOrganisation Rp374-433m Rp416-481mBusinessAnalyst(3-5yrsexp) Rp152-211m Rp169-234mTreasuryManager Rp224-286m Rp249-318mAuditor(3-5yrsexp) Rp129-187m Rp143-208mFinancialAnalyst(6-10yrsexp) Rp136-209m Rp151-232mFinancialPlanning&Analysis(6+yrsexp) Rp164-227m Rp182-252mTaxAccountant-Senior(6+yrsexp) Rp140-181m Rp156-201mInternalAuditor-Manager Rp199-239m Rp221-265mFinanceManager(4-6yrsexp) Rp222-255m Rp247-283mTreasuryAnalyst(6+yrsexp) Rp113-178m Rp126-198mCreditController(6+yrs'exp) Rp269-328m Rp299-364mCostController(6-10yrsexp) Rp156-300m Rp173-333mFinancialPlanning&Analysis(3-5yrsexp) Rp130-161m Rp144-179mTaxAccountant(3-5yrsexp) Rp109-135m Rp121-150mAccountant(3-5yrsexp) Rp118-143m Rp131-159mFinancialAnalyst(3-5yrsexp) Rp115-146m Rp128-162mAccountsPayable/ReceivableAccountants(3-5yrsexp) Rp101-116m Rp112-129mFinanceManager(0-3yrsexp) Rp163-200m Rp181-222m

NB:Figuresarebasicsalariesexclusiveofbenefits&bonusesunlessotherwisespecified.

JAKARTA JAKARTABANKING&FINANCIALSERVICES

JAKARTA

BANKIN

G&FIN

ANCIALSERVICES

BANKIN

G&FIN

ANCIALSERVICES


Thebanking&financialservicesdivisionrecruitsmidtosenior-levelprofessionalsforestablishedlocalandinternationalbanks.WerecruitforafullspectrumoffinancepositionsfromAVPtoCFO,middleandbackofficerolesattheAVPtoexecutivedirectorlevel,aswellasoperations,projectmanagementandbusinessanalysisroles.

MarketOverviewDuring2012,bankingrecruitmentwasmostactivewithintheIT,operationsandfinanceandcorporatebankingareas.ArisingnumberofinternationalbankswereattractedtosettingupofficesinIndonesiatocapitaliseonitsgrowingeconomy.However,strictregulationswithinthefinancialservicesindustrymeanttheseorganisationshadtotakeastakeinalocalbankinordertoestablishafootholdinthemarket.Thisledtomidandseniorlevelbankingprofessionalsbeinghighlysought-afterforfront,middleandbackofficefunctions.

Thesetrendscontinuedinthesecondhalfoftheyear,withbankshiringactivelyfortheirconsumer,commercialandcorporatebankingsectors.TheywereparticularlykeentorecruitrelationshipmanagersattheAVPtoVPlevel.Inaddition,banksrecruitedfortheiroperationsandfinanceareas.Candidatesattheseniormanagementlevelwereinsignificantdemandastheywererequiredtoheadteams.

Withcontinuingtalentshortagesandhighattritionrates,competitionforthebestprofessionalsremainedintense.Inasmallanddevelopingfinancialservicesmarket,talentshortagesbecomeevenmoreprevalent.Thesedrovesalaryexpectationsupwardforbankingprofessionals,andsalarylevelsroseby10%formostcandidates.Employerswerekeentohireandofferedpremiumstoattracttalent,withprofessionalsreceivingincrementsof20-30%whenswitchingjobs.

Outlookfor2013ThefinancialservicesmarketisexpandinginJakartaandthisislikelytodrivedemandfortoptalent.Asaresult,bankingprofessionalsspecialisinginIT,finance,operationsandcorporatebankingwillbeparticularlysought-after.Assalesteamsexpand,weexpecttheretobeasubsequentincreaseindemandforsupportfunctionssuchashumanresourcesandfinance.Thismayresultinfurthercandidateshortages,leadingorganisationstobeopentohiringprofessionalsfromnon-banking/commercialbackgrounds.

Weforeseerecruitmentinthefirsthalfof2013tobeatthemiddlemanagertoAVPorVPlevelasbanksexpandtheirteamsintheseareas.Webelievethatstrategichiringofmoreseniorlevelprofessionalswilltakeplaceduringthesecondhalfoftheyearoncebankshaveestablishedtheirmiddlemanagementteams.

Acandidate-drivenmarketnormallyresultsinahighturnover-andcompanieswillhavetofocusondevelopingtheirtalentretentionschemesiftheywanttokeeptheirbestemployees.Salarieswillcontinuetoriseastheeconomycontinuestodeveloprapidlyandcandidateswilltypicallyexpectincrementsofatleast20-30%whentheymovejobsasaresult.

JAKARTA JAKARTABANKING&FINANCIALSERVICES

JAKARTA

BANKIN

G&FIN

ANCIALSERVICES

BANKIN

G&FIN

ANCIALSERVICES


ROLE PERMANENTSALARYPERANNUMIDRANALYST AVP VP

2012 2013 2012 2013 2012 2013

FrontOfficeBankingInvestmentBanking Rp234-325m Rp269-374m Rp325-550m Rp374-633m Rp550m+ Rp633m+PrivateBanking Rp312-400m Rp359-460m Rp400-702m Rp460-807m Rp702m+ Rp807m+PrivateEquity Rp234-325m Rp269-374m Rp325-475m Rp374-546m Rp475m+ Rp546m+DebtCapitalMarkets Rp234-325m Rp269-374m Rp325-550m Rp374-633m Rp550m+ Rp633m+EquityCapitalMarkets Rp234-325m Rp269-374m Rp325-475m Rp374-546m Rp475m+ Rp546m+TradeSales Rp234-325m Rp269-374m Rp325-475m Rp374-546m Rp475m+ Rp546m+CorporateBanking Rp234-325m Rp269-374m Rp325-475m Rp374-546m Rp475m+ Rp546m+Cash/TreasurySales Rp234-325m Rp269-374m Rp325-475m Rp374-546m Rp475m+ Rp546m+CommercialBanking Rp234-325m Rp269-374m Rp325-475m Rp374-546m Rp475m+ Rp546m+PriorityBanking Rp234-325m Rp269-374m Rp325-475m Rp374-546m Rp475m+ Rp546m+

BankingOperationsTreasuryOperations Rp156-275m Rp180-316m Rp275-400m Rp316-460m Rp400m+ Rp460m+CashManagement Rp156-275m Rp180-316m Rp275-400m Rp316-460m Rp400m+ Rp460m+CreditAdministrators Rp156-275m Rp180-316m Rp275-400m Rp316-460m Rp400m+ Rp460m+Custody Rp156-275m Rp180-316m Rp275-400m Rp316-460m Rp400m+ Rp460m+TradeSupport Rp156-275m Rp180-316m Rp275-400m Rp316-460m Rp400m+ Rp460m+

CorporateGovernanceCompliance/Legal Rp234-325m Rp269-374m Rp325-475m Rp374-546m Rp475m+ Rp546m+MarketRisk Rp234-325m Rp269-374m Rp325-475m Rp374-546m Rp475m+ Rp546m+OperationalRisk Rp234-325m Rp269-374m Rp325-475m Rp374-546m Rp475m+ Rp546m+InternalAudit Rp234-325m Rp269-374m Rp325-475m Rp374-546m Rp475m+ Rp546m+CreditRisk Rp234-325m Rp269-374m Rp325-475m Rp374-546m Rp475m+ Rp546m+

FinancialAccountingStrategicPlanning&Analysis Rp234-325m Rp269-374m Rp325-475m Rp374-546m Rp475m+ Rp546m+FinancialControl&Tax Rp234-325m Rp269-374m Rp325-475m Rp374-546m Rp475m+ Rp546m+MISReporting Rp234-325m Rp269-374m Rp325-400m Rp374-460m Rp400m+ Rp460m+FundAccounting Rp234-325m Rp269-374m Rp325-475m Rp374-546m Rp475m+ Rp546m+

ProjectManagementOperations Rp234-325m Rp269-374m Rp325-475m Rp374-546m Rp475m+ Rp546m+Business Rp234-325m Rp269-374m Rp325-475m Rp374-546m Rp475m+ Rp546m+


JAKARTA JAKARTAHUMANRESOURCES

JAKARTA

HUMAN

RESOURCES

HUMAN

RESOURCES


OurhumanresourcesdivisionplacesHRprofessionals,fromrewardandrecruitmentspecialiststhroughtohumanresourcesdirectors,withinbothbankingandfinancialservicesandcommercialorganisations.

MarketOverviewTherewasanincreaseddemandforhumanresourcesprofessionalsin2012,particularlyatthemanageriallevelasmanymultinationalcompanieshiredtosupporttheirexpansionplans.Specifically,HRdirectorsandmanagersweresought-afterwithintheFMCG,industrial,

consumerandservicessectors.Thiswasalsothecasewithinthemanufacturing,retailandpropertysectorsinthesecondhalfoftheyear,whereHRbusinesspartnerswerealsoindemand.

AstheHRfunctiongainedmoreprominencewithinthebusinessandbecamewidelyregardedaskeydriveroftalentretention,salarylevelstypicallyroseby10%.HRprofessionalswithin-demandskillsetsreceivedincrementsof20-30%whenmovingjobs.

Outlookfor2013Duetostrongeconomicconditions,companiesarelikelytocontinueexpandingtheirheadcount.AsemployersrecognisethegrowingimportanceoftheHRfunctionintheirstaffingandretentionstrategies,compensationandbenefitsspecialists,talentacquisitionprofessionals,traininganddevelopmentexpertsandHRbusinesspartnerswillbeindemand.Duetothesehighactivitylevels,weexpectsalarylevelstoriseandprofessionalstoreceiveincrementsof20-30%whenmovingjobsasemployerscompeteforthebesttalent.

ROLE PERMANENTSALARYPERANNUMIDR3-6YRS'EXP 6-12YRS'EXP 12+YRS'EXP

2012 2013 2012 2013 2012 2013

Commerce&IndustryCompensation&Benefits Rp200-300m Rp220-330m Rp340-400m Rp400-550m Rp455-585m Rp475-650mSpecialistOrganisational Rp200-300m Rp220-330m Rp340-400m Rp400-550m Rp455-585m Rp475-650mDevelopmentSpecialistHRGeneralist/Business Rp200-300m Rp220-330m Rp340-400m Rp400-550m Rp455-585m Rp475-650mPartnerTraining&Development Rp200-300m Rp220-330m Rp340-400m Rp400-550m Rp455-585m Rp475-650mSpecialist

Banking&FinancialServicesHRISSpecialist Rp200-300m Rp220-330m Rp340-400m Rp400-550m Rp455-585m Rp475-650mOrganisational Rp200-300m Rp220-330m Rp340-400m Rp400-550m Rp455-585m Rp475-650mDevelopmentSpecialistHRGeneralist/Business Rp200-300m Rp220-330m Rp340-400m Rp400-550m Rp455-585m Rp475-650mPartnerTraining&Development Rp200-300m Rp220-330m Rp340-400m Rp400-550m Rp455-585m Rp475-650mSpecialistCompensation&Benefits Rp200-300m Rp220-330m Rp340-400m Rp400-550m Rp455-585m Rp475-650mSpecialist


JAKARTA JAKARTASALES&MARKETING

JAKARTA

SALES&M

ARKETING

SALES&M

ARKETING


Thesales&marketingdivisionworkswithorganisationsacrosstheFMCG,luxuryretailandcosmetics,consumerproducts,electronicsandtelecommunicationssectors.Keyareasandfunctionswerecruitforincludesalesandmarketing,marketingcommunications,publicrelations,eventsmanagement,brandmanagement,productmanagement,accountmanagementandretailmanagement.Wealsorecruitforcountrymanagersanddirectors.

MarketOverviewSalesandmarketingprofessionalsrecruitmentlevelswerehighatthemidtoseniorlevel.AsforeigncompaniesfromChina,USandSingaporecontinuedtoventureintoandexpandtheiroperationsinIndonesia,theyactivelysoughtsalesandmarketingprofessionalstoestablishandgrowtheirbrandnames.

Asthegrowingnumberofmiddle-classconsumersinIndonesiabegantoseekaccesstomoresophisticatedmedicalservices,healthcareandconsumerproducts,rangingfromelectronicstoluxuryitems.ThisdemographicwasasignificantdrivingforcebehinddomesticconsumptionandledtohealthygrowthwithintheFMCGandretailsectors,generatingjobopportunitiesforprofessionalsspecialisingintheseareas.

Therewasalsonotabledemandforprofessionalsacrossthecommercial,industrialandservicesectors.ThiswasduetoheightenedentrybymultinationalsintotheIndonesianmarketforitsrapidgrowthandemergingopportunities.Marketingdirectors,salesdirectorsandsalesmanagerswereindemand,whilecountrymanagersandgeneralmanagerswerealsorecruitedtoleadandgroworganisations'salesforces.

Inthesecondhalfoftheyear,wesawconsistentdemandforexperiencedsalesandmarketingprofessionalstomeetthe

increasingdemandfromIndonesiasgrowingconsumerpopulation.EmployerswereconfidentaboutthegrowthopportunitiesinIndonesia.However,alackofexperiencedtalentseekingnewjobspresentedaclearchallengetorecruitingbusinesses.Becauseofthis,candidatesoftenreceivedmultiplejoboffersandturnoverrateswerehigh.

Overall,salarylevelsroseby10%,withprofessionalsmovingjobstypicallyrecievingincrementsofaround20-30%whendoingso.Candidateswhowereabletogeneraterevenueandmanageorgrowdivisionsororganisationswereinhighdemand.

Outlookfor2013AsIndonesiaseconomycontinuestogrow,theelectronics,FMCG,telecommunications,informationtechnologyandluxuryretailsectorsarelikelytofollowsuit.Bothcandidatesandemployerswillbemoreconfidentinabuoyanteconomyandthisislikelytotranslateintohigherjoblevels.

Sales,marketing,productandbrandmanagerswillremainhighlysought-afterascompaniescontinuetolaunchnewproductsandservicestomeetthegrowingdemandfromconsumers.Inparticular,salesprofessionalswhoareabletogeneraterevenueaswellasmanageandgrowteamsarelikelytobeindemand.FirmswillcontinuetobreakintotheIndonesianmarketandwillseekseniormanagementprofessionals,especiallycountrymanagers,toleadtheirteams.

Salarylevelsarelikelytocontinuerisingyear-on-year.However,despitethesehighersalaries,employeesmaybedrawntootherfirmsthatoffermorecompetitivecareerdevelopmentprospectsandextrabenefitssuchasacarownershipprogramme,particularlyinthistalent-shortmarket.

JAKARTA JAKARTASALES&MARKETING

JAKARTA

SALES&M

ARKETING

SALES&M

ARKETING


ROLE PERMANENTSALARYPERANNUMIDR

2012 2013

GeneralManager/ManagingDirector(10+yrsexp) Rp950-1050m+ Rp1093-1208m+SalesDirector(8+yrsexp) Rp800-900m+ Rp920-1035m+Sales&MarketingDirector(8+yrsexp) Rp800-900m+ Rp920-1035m+SalesManager(5-7yrsexp) Rp540-660m+ Rp621-759m+AccountDirector(8+yrsexp) Rp680-800m+ Rp782-920m+MarketingDirector(8+yrsexp) Rp850-950m+ Rp978-1093m+PublicRelationsDirector(8+yrsexp) Rp500-600m+ Rp575-690m+BusinessDevelopmentManager(8+yrsexp) Rp480-550m+ Rp552-633m+BrandManager(6+yrsexp) Rp350-400m+ Rp403-460m+Sales&MarketingManager(6+yrsexp) Rp320-380m+ Rp368-437m+MarketingCommunicationsManager(6+yrsexp) Rp350-400m+ Rp403-460m+MarketingManager(5+yrsexp) Rp380-450m+ Rp437-518m+AssistantBrandManager(4-5yrsexp) Rp250-300m+ Rp288-345m+CorporateAffairsDirector(6+yrsexp) Rp350-400m+ Rp403-460m+MarketingResearchDirector(6+yrsexp) Rp500-600m+ Rp575-690m+TradeMarketingManager(5yrsexp) Rp350-400m+ Rp403-460m+ChannelManager(5-8yrsexp) Rp370-420m+ Rp426-483m+MarketingResearchManager(4-5yrsexp) Rp280-350m+ Rp322-403m+PRManager(4-5yrsexp) Rp300-350m+ Rp345-403m+AccountManager(4-5yrsexp) Rp320-380m+ Rp368-437m+BusinessDevelopmentManager(4-5yrs'exp) Rp300-350m+ Rp345-403m+CallCentreManager(8+yrsexp) Rp280-320m+ Rp322-368m+MarketingCommunicationsManager(4-5yrsexp) Rp350-400m+ Rp403-460m+VisualMerchandisingManager(4-5yrsexp) Rp280-320m+ Rp322-368m+PublicRelationsManager(4-5yrsexp) Rp250-300m+ Rp288-345m+DirectMarketingManager(5yrsexp) Rp280-320m+ Rp322-368m+


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Robert Walter Salary Survey 2013 - Indonesia