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1、RISING ABOVE CHALLENGES:POWERING GROWTHTHE 2024 HAYS ASIASALARY GUIDEMARC BURRAGEMANAGING DIRECTOR,HAYS ASIAFOREWORDINTRODUCTION|KEY INSIGHTS|REGION SPOTLIGHT|INDUSTRY BREAKDOWN|ABOUT US2024 HAYS ASIA SALARY GUIDE01A CRITICAL CASE FOR OPEN CONVERSATIONS AND GROWTH MAPPING REGARDLESS OF THE UNCERTAIN
2、TIESIn the face of subdued economic growth forecasts in 2024,organisations are bracing for a consequential impact on recruitment activity.Despite this,the issue of skills shortages is expected to persist,exacerbated by the disruptive influence of technologies like Artificial Intelligence(AI)which bu
3、sinesses and consumers alike have begun to embrace.Among internal hiring and human resources teams,76%of practitioners across Asia support the use of AI tools to perform their work tasks.However,the underlying sentiment is that more needs to be done to address concerns of bias that such technology b
4、rings to the table.Amidst these challenges,there has been a notable shift in employee priorities over the past year.Factors such as career progression and a desire to be challenged at the workplace have risen to prominence,surpassing salary as the primary motivators for employees to leave despite in
5、creasing financial pressures.Additionally,employees have revised their salary expectations downward,with a growing proportion of workers anticipating smaller raises in 2024.Although uncertainties seem unavoidable,it is important to recognise that the workforce is keen to contribute towards the busin
6、esss survival as well as their own.Employees are generally tuned into economic uncertainties and are still looking for opportunities to grow through these challenges.Therefore,when employers rally their teams with well-defined challenges,everyone will be better equipped to move forward together.As b