Links International Releases 2023 Asia Pacific Salary Guide

Links’ 2023 Asia Pacific Salary Guide covers the trends and insights into the 2023 job market and what to expect for the rest of the year now that borders all around APAC have reopened. Gain a better understanding of the performance of current job markets and projected salary increments for the year!
1.  Hong Kong  and Singapore Talent-Hungry for World’s Best
Both  Hong Kong  and  Singapore  have introduced ambitious schemes recently.  December 2022  saw  Hong Kong  launching the “Top Talent Pass Scheme” aimed at high earners and graduates of global top universities to enter  Hong Kong  without having to secure a job offer beforehand. Over 5,800 applications have been approved already as of early  February 2023 .
HR Technology News :  HR Technology Highlights – HR Tech Daily Round-Up For 4th April 2022
Singapore  introduced the Overseas Networks & Expertise Pass (ONE) to also attract global professionals targeting individuals who earn at least  S$30,000  per month. Additionally,  Singapore  will also overhaul the  Employment Pass (EP)  application process with the new  Complementarity  Assessment Framework (COMPASS) that will be  launched  in  September 2023 .
*For  China , things looked promising when they reopened their borders in early 2023, however, the development and response from the economy could potentially impact salary increments in the Mainland.
Source: Links International
3. IT Industry to Power Through Predicted Recession in  Hong Kong  and  Singapore
Even as global tech giants are laying off staff by the masses, the  Hong Kong  scene may be different this year  as talent in the sector is looking to be doubled through various support measures . Similarly,  Singapore  is confident that jobs in IT will still be aplenty. Labour Chief  Ng Chee Meng  mentioned that as the tech industry will be rapidly evolving, candidates should be more adaptable and continue upskilling themselves.
4. Mainland China More Open to the Idea of Remote Work
More companies and workers are starting to adopt remote office work and study methods in  China . In H1 of 2022, the number of remote office users in  China  reached 43.8%, representing an increase of 22.6 percentage points from the same period in 2020.
HR Technology News :   HR Tech Interview With Karen Ng, Regional Head Of Expansion & Market Lead Hong Kong, Singapore, ASEAN, India At Deel
5. Underemployment and Unemployment Drop for 8 th  Time in a Row in  Hong Kong
Unemployment and underemployment rates rapidly declined 8 times in a row from  May 2022 , and there was a surge in the demand for frontline workers. Catering, for instance, had a 230% jump in job openings between March to  December 2022 .
Links International’s 2023 Asia Pacific Salary Guide can be downloaded for free here!
As  Asia’s  leading HR service provider, Links International’s vision is to continue providing clients with their award-winning payroll services and best in class HR tech experience. Voted  Asia’s  Best HR Outsourcing Partner for consecutive years, our team of 200+ Asia HR Experts provide in-country support from 19 locations across  Asia , delivering local market expert HR advice including best industry practices and practical solutions to  Asia’s  leading businesses.
HR Technology News :  HR Technology Highlights – HR Tech Daily Round-Up For 5th April 2022
[To share your insights with us, please write to  [email protected] ]
The post Links International Releases 2023 Asia Pacific Salary Guide appeared first on TecHR .