Talent Trends 2021

Talent Trends 2021 Report: The Indonesia Salary Guide - Transformed

The Michael Page Salary Benchmark Guide has traditionally been our annual salary guide that advises business leaders, hiring managers and job seekers to make informed hiring decisions in Indonesia. However, given the COVID-19 pandemic and its continued disruption on the global economy, we recognise that our salary guide must go beyond salaries. It needs to provide a current overview of the future of work – reflecting the true environment and ongoing challenges.

Enter Talent Trends 2021: Our refreshed report features new insights and market sentiment for industries that have experienced significant upheavals in the past year. The hiring landscape has changed significantly. Human capital leaders had to solve new challenges and adapt quickly to set up systems for remote operations. Therefore, this report will cover prominent recruitment and talent-related focus areas such as digital readiness, organisational design, flexible work, leadership, performance management, and diversity and inclusion in the Asia-Pacific region, and a deep dive into the specific hiring trends in Indonesia.

The insights in this report are derived from a regional survey that covers 12 Asia-Pacific markets. The responses came from over 5,500 businesses and 21,000 employees, of which 3,500-plus are directors or CXOs – making our Talent Trends 21 report, the definitive guide to hiring trends for Indonesia, as well as the Asia-Pacific region for the year ahead.

Key Employment Statistics in Indonesia

41%

of companies in Indonesia are looking to increase their headcounts in 2021

75%

of those employed anticipate looking for new job opportunities, while another 22% are passively open to new roles

5%

expect a zero pay increase from their current salary for new job offers

Report Highlights

1. Future workplace trends

From our findings, learn about the top priorities for CXOs in 2021, key investment areas, employees’ preferences on workplace flexibility, and performance assessment.

2. People-first strategies

From leadership communication to mental health matters, the report highlights the best people strategies to engage your employees.

3. Salaries and bonuses

Find out how your company’s offer for new hires compare against competitors and expectations from job seekers.

4. Attracting and retaining top talent

Remuneration may be crucial, but it is not everything in talent attraction. Learn about the non-monetary aspects of attraction and retention strategy that job seekers value most.

The Indonesia Market: Embracing disruptions and the road to recovery

Olly Riches
Managing Director, Indonesia & Philippines

The impact of COVID-19 has been significant on the economy, though, avoided falling to much more severe levels as initially predicted due to several factors. Indonesia had a strong business pipeline of business well before the pandemic hit. Despite bring a smaller market, it has managed to maintain and preserve its standing.

Our Talent Trends 2021 report reflects vital market insights for the next 12 months ahead of us. Companies have become more specific with their recruitment – targeting talent with specific skill sets and ensuring those brought into the organisation can add long-term value.

In the technology space, many of the roles are for e-commerce platforms, start-ups or divisions about to become digital – either traditional sectors looking to ramp up their technology or businesses transitioning further into digital areas.

The e-commerce sector, which has also seen continued strong growth over the last three to four years, particularly as unicorns, dominates the talent landscape as Indonesia provides momentum for digital and technology businesses. We have seen a strong demand for high potential talent with a technology background, and we have had success bringing Indonesians from overseas back home primarily for tech-related roles. On top of that, while the level of foreign investment dipped last year, we see adequate levels of activity, especially from Chinese companies, expanding or entering Indonesia in 2021.

We remain cautiously optimistic about recruitment and hiring in 2021. Expect to see genuine recovery in the second half of the year, particularly as Indonesia’s manufacturing industry and infrastructure projects regain some momentum, which will generate further confidence in the economy and demand for talent.

Download Talent Trends 2021