Hays Asia Salary Guide 2022
Salaries in Japan for top IT and executive roles are half of their counterparts in China, Hong Kong SAR, and Singapore
PRESS RELEASE
Salaries in Japan for top IT and executive roles are half of their counterparts in China, Hong Kong SAR, and Singapore
1 March, 2022
Hays Specialist Recruitment Japan KK released the “Hays Asia Salary Guide 2022” today. The guide provides salary overviews of 1148 roles in five Asian markets (China, Hong Kong SAR, Japan, Malaysia and Singapore). It also reveals trends and insights on recruitment, business outlook, and jobseeker and employer sentiments, based on findings from a survey of 9598 professionals.
Hays Specialist Recruitment Japan KK released the “Hays Asia Salary Guide 2022” today. The guide provides salary overviews of 1148 roles in five Asian markets (China, Hong Kong SAR, Japan, Malaysia and Singapore). It also reveals trends and insights on recruitment, business outlook, and jobseeker and employer sentiments, based on findings from a survey of 9598 professionals.
[Key findings]
- Salary levels of highly skilled professionals in China, Hong Kong SAR, and Singapore exceed those in Japan (based on our actual data)
- Salary increase rate for Japan is lower than the other Asian markets.
Figure 1: Salary comparison of top IT roles
(Unit: JPY million)
(Unit: JPY million)
*Comparison based on the highest salary
*Exchange rates as of 1 February, 2022 1 CNY 18.02, 1 HKD 14.71 JPY, 1 MYR 27.39 JPY, 1 SGD 84.97 JPY
*Includes entire pay package
*Exchange rates as of 1 February, 2022 1 CNY 18.02, 1 HKD 14.71 JPY, 1 MYR 27.39 JPY, 1 SGD 84.97 JPY
*Includes entire pay package
Figure 2: Salary comparison of executive roles
(Unit: JPY million)
*Comparison based on the highest salary
*Exchange rates as of 1 February, 2022 1 CNY 18.02, 1 HKD 14.71 JPY, 1 MYR 27.39 JPY, 1 SGD 84.97 JPY
*Includes entire pay package
*Exchange rates as of 1 February, 2022 1 CNY 18.02, 1 HKD 14.71 JPY, 1 MYR 27.39 JPY, 1 SGD 84.97 JPY
*Includes entire pay package
The survey of 9,598 professionals also found that Japan has the lowest salary increase rate.
Salary increase rate below 3% is 70% in Japan, compared to34% in China, 64% in Hong Kong SAR, Malaysia 62% and 64% in Singapore.
Salary increase rate below 3% is 70% in Japan, compared to34% in China, 64% in Hong Kong SAR, Malaysia 62% and 64% in Singapore.
Figure 3: Salary increase in 2021
Due to accelerating digitalisation after pandemic, demand for top talent is increasing. To win fierce global competition, companies in other regions are willing to pay exceptional compensation for the best talent.
Hays recommends Japanese employers accelerate their employment system reform, including equal pay for equal jobs, and promptly raise their wage levels to global standards to maintain Japan’s competitiveness.
Hays Asia Salary Guide
Survey Overview
Starting since 2008, 15th year
Survey period: October-November 2021
Methodology/Channel: Internet
Respondents: 9,598 (Skilled professionals in 5 markets)
Breakdown: China 3,329, Hong Kong SAR 1,120, JAPAN 1,388, Malaysia 2,385, Singapore 1,376
Survey Overview
Starting since 2008, 15th year
Survey period: October-November 2021
Methodology/Channel: Internet
Respondents: 9,598 (Skilled professionals in 5 markets)
Breakdown: China 3,329, Hong Kong SAR 1,120, JAPAN 1,388, Malaysia 2,385, Singapore 1,376
Hays Asia Salary Guide2022 can be downloaded at:
Japanese：https://www.hays.co.jp/salary-guide
English：https://www.hays.co.jp/en/salary-guide
Japanese：https://www.hays.co.jp/salary-guide
English：https://www.hays.co.jp/en/salary-guide
Hays is a global recruitment expert that provides replacement services focusing on highly skilled professional specialists.
About Hays Japan
Hays Specialist Recruitment Japan KK ("Hays Japan"), established in Tokyo in 2001, is one of the largest foreign recruitment companies in Japan with three offices across the country (Head Office, Osaka and Yokohama).
At Hays Japan, our experts provide professional services across the private sector, dealing in permanent positions, contract roles, temporary assignments, recruitment process outsourcing (RPO) and IT solutions in the following 15 specialisms: Accountancy & Finance, Banking & Financial Services, Finance Technology, Digital Technology, Marketing & Digital, Human Resources, Information Technology, Insurance, Legal, Life Sciences, Office Professionals, Property, Sales & Marketing, Supply Chain and Manufacturing. This ensures a highly focused, fully tailored Specialist Recruitment Service, enabling us to power the world of work by serving thousands of companies and candidates in Japan.
About Hays
Hays plc (the "Group") is a leading global professional recruiting group. The Group is the expert at recruiting qualified, professional and skilled people worldwide, being the market leader in the UK and Australia and one of the market leaders in Continental Europe, Latin America and Asia. The Group operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments. As at 30 June 2021 the Group employed c.10,800 staff operating from 256 offices in 33 countries across 20 specialisms. For the year ended 30 June 2021
Hays plc (the "Group") is a leading global professional recruiting group. The Group is the expert at recruiting qualified, professional and skilled people worldwide, being the market leader in the UK and Australia and one of the market leaders in Continental Europe, Latin America and Asia. The Group operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments. As at 30 June 2021 the Group employed c.10,800 staff operating from 256 offices in 33 countries across 20 specialisms. For the year ended 30 June 2021