Page Insights Indonesia • Salary Guide 2024 • 4
As we navigate through the dynamic landscape
of Indonesia’s employment market, it’s essential to
recognise the significant shifts that are shaping
our strategic approach to talent acquisition and
development for organisations in Indonesia.
Salary remains vital for job seekers, as validated
by our recent talent trend reports and pay scales
are stable. There is a low demand for hybrid
work arrangements, with employees increasingly
returning to the workplace.
The mining sector contends with a contraction
in job opportunities, a consequence of declining
coal prices, among other challenges. The
manufacturing sector is experiencing robust
growth, driven by Central Java’s emergence as a
key industrial hub, fuelled by strategic overseas
investments in manufacturing plants. Agriculture,
particularly the palm oil industry, enjoys growth,
spurring refinery expansions by local and
Malaysian enterprises.
Infrastructure is resurging, thanks to presidential
directives and investments from firms like Chinese
companies, creating a rich ground for skilled
professionals.
The demand for senior-level talent in the
technology space has significantly been reduced.
Instead of attracting new talent, companies
now prioritise the development and retention
of their existing talent pool. The healthcare and
hospitality sectors are on an upward trajectory,
offering numerous opportunities, and the electric
vehicle market is rapidly becoming a focal point
of innovation and investment, heralding a wave of
new roles and specialisation areas.
Local players are venturing into industries
like healthcare and personal care (beauty),
reflecting a broader economic evolution. ESG
is gaining traction with a government-led push
and corporate adoption. The scarcity of ESG
experts has led companies to integrate ESG
responsibilities into existing Safety and Health
(SHE/HSE) roles.
The political climate, too, plays a pivotal role, as
seen in the shifts during election periods, which
can distinctly impact sector-specific hiring and
investment trends. Adaptability, foresight, and a
nuanced understanding of these multidimensional
market forces will be critical in shaping your talent
strategies.
As we delve into this 2024 Salary Guide,
companies must strike a harmonious balance
between maintaining talent and managing
expenses while crafting comprehensive and
captivating career prospects. This strategy will
be essential to draw in and keep top talent within
a market that is both highly competitive and in
constant flux.
Evolving Industries Transforming
Workforce Dynamics
Monico Lim
Regional Director,
Indonesia
PageGroup