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Salary Guide 2020
Download Indonesia Salary Guide 2020
The Michael Page Salary Benchmark is our annual salary guide developed as a reference for hiring managers and job seekers to make informed employment decisions in Indonesia. The guide benchmarks the salaries of various job functions across different sectors, including Finance & Accounting, Technology, as well as Sales and Marketing. Leveraging data from Michael Page’s proprietary data and network, studies and observations, the guide provides precious precious insights to hiring trends and market sentiments in the Asia-Pacific region.
Furthermore, an additional section, titled “What is the Indonesia workforce thinking”, will delve into the specifics of what Millennials and Generation X are thinking with regard to work, including topics like:
Average salary increase when changing jobs*
|Business & Financial Services||25|
|Consumer & Retail||25|
|Digital & Technology||15 - 50|
|Energy & Natural Resources||10 - 15|
|Industrial & Manufacturing||15 - 25|
|Property & Construction||20 - 35|
* Data is derived from July 2018 to June 2019, and is validated against insights from our leaders’ and consultants’ interactions with clients and candidates.
How can the report benefit you?
- Understand factors that attract and retain talent
- Project reasonable talent cost based on hiring forecast
- Discover top reasons for resignation
- Find out potential roles to upskill for
- Cite informed salary expectations when switching jobs
- Discover trending skills for your job function
Indonesia Salary Benchmark 2020: Indonesia sets its sails towards the hiring fast lane
We enter this new decade at an exciting moment for Indonesia. Despite what we see as short-term storm clouds for the global economic landscape, the Republic has successfully seen its Presidential election cycle pass, with a result widely viewed as positive in terms of quickly returning to the economic good news story that has dominated the last decade. Coming off a 10-year average annual GDP growth of 4.8% and with promising fundamentals in terms of macro-economic stability, market size and demographic profile, Indonesia is rightly embracing a wave of optimism and investment that should propel the country to new heights in the decade to come.
From Jakarta, we’ve keenly observed new investments, such as the recent mass rapid transit (MRT) launch and the rise in hiring demand from trending sectors like mobile and gaming. Furthermore, Indonesia recently welcomed yet another unicorn business (defined as privately held start-ups valued at over US$1 billion), the fifth such company in the Republic. While these are all positive in terms of the hiring market, we remain short of match-ready talent in the top roles.
Thankfully, our successful Membangun Negeri campaign for returning Indonesians continues to net positive results for us in terms of the talent pipeline. That said, whether you head a technology-driven SME or a long-standing conglomerate firm here, it is still a market where your hiring strategy needs to be well-honed. We strongly recommend our new insights on Employee Experience (EX) for Indonesia within this report, and carefully consider the story you tell about the company, your leadership philosophy, where you see your new hire fitting in to an exciting decade of growth ahead.