It is little wonder that more HR professionals across the world are moving to Asia.
HR professionals in Asia are better off than their colleagues in Australasia and Europe as they are less affected by the economic slowdown, according to a survey by Profile Search & Selection.
Asia-based HR pros are better off rewards-wise, are able to secure more interesting roles and are far more likely to not be unemployed. For those who don’t earn a bonus, only 11% were in Asia, while there was a 36% average in the Australasia and Europe regions.
HR staff in Asia are also more demanding when it comes to their careers and rewards. A full 65% viewed bonuses of over 20% of their base salary as appropriate, compared to a 38% average in the other two regions. In addition, about 10% more HR pros in Asia (41%) would prefer a role that is predominantly strategic and project management focused than those in Australasia and Europe.
An alarming finding from the survey is the lack of opportunities for young HR talent trying to enter the profession. Roughly half the respondents in all three regions think there are not enough early HR career opportunities. The majority believe that there is ‘little room for learners’. In Asia specifically, 42% of respondents said that there was no formal career development in their company.
A very surprising number of HR professionals don't cite commercial and financial skills as being important. The most important skill to develop globally was ‘Organisational Development’ with 35% ticking this box. Next was ‘Change Management’ with 19% and, far behind in third place with seven per cent of the respondents, was ‘Commercial and Financial skills’.
The survey also found that only 37% of Asia-based HR professionals report to the CEO of their organisation, whilst the figures are much higher elsewhere: 82% in Europe and 72% in Australasia. The report highlighted the fact that HR in Asia has more work to do to earn a seat at the table.
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