{"id":143493,"date":"2025-07-02T09:11:16","date_gmt":"2025-07-02T09:11:16","guid":{"rendered":"https:\/\/www.frazerjones.com\/?p=143493"},"modified":"2025-10-23T00:23:05","modified_gmt":"2025-10-23T00:23:05","slug":"north-asia-overview-compensation-trends-2024-25","status":"publish","type":"post","link":"https:\/\/www.frazerjones.com\/de\/market-insight\/north-asia-overview-compensation-trends-2024-25\/","title":{"rendered":"North Asia overview: compensation trends 2024\/25"},"content":{"rendered":"\n<div class=\"wp-block-columns alignwide post-content-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2025\/06\/BIPO-3-1024x768.jpg\" alt=\"\" class=\"wp-image-144221\" srcset=\"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2025\/06\/BIPO-3-1024x768.jpg 1024w, https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2025\/06\/BIPO-3-300x225.jpg 300w, https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2025\/06\/BIPO-3-768x576.jpg 768w, https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2025\/06\/BIPO-3-1536x1152.jpg 1536w, https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2025\/06\/BIPO-3-2048x1536.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<p>North Asia, except for Japan, experienced a challenging 2024. Between 20% &#8211; 40% of organisations reported their salary budgets for 2024 cycle were lower than the previous year. As employers report that a period of high resignations and turnover has passed and organisations maintain headcount, employers are more conservative with their salary budgets as they took to longer term stability in their employee base.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-hong-kong\">Hong Kong:<\/h2>\n\n\n\n<p><strong>1.&nbsp;Some Real Estate organisations are repositioning their core business away from asset-heavy development into real estate investment funds and, as a result, their executive compensation structure areas moving towards co-investment and carry plans which are comparable with hedge fund incentive plans<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Shift Towards PE\/Private Fund and Hedge Fund Styles<\/strong>: Real estate funds in Hong Kong are increasingly adopting strategies commonly associated with private equity (PE) and hedge funds. This includes co-investment opportunities and carry-based performance incentive plans.<\/li>\n\n\n\n<li><strong>Co-Investment<\/strong>: This allows investors to directly invest alongside the fund in specific projects, aligning interests and potentially increasing returns.<\/li>\n\n\n\n<li><strong>Incentive Plans<\/strong>: These are typically performance-driven, where fund managers earn higher fees based on achieving specific benchmarks or returns, similar to the &#8222;2 and 20&#8220; fee structure in hedge funds (2% management fee and 20% performance fee).<\/li>\n\n\n\n<li><strong>Rationale<\/strong>: This shift is likely driven by the need to attract more sophisticated talent from the hedge fund and investment banking sector<\/li>\n<\/ul>\n\n\n\n<p><strong>2.&nbsp;Pay Transparency for All Listed Companies<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Increased Scrutiny on Executive Compensation<\/strong>: There is a growing demand for transparency in how much executives and key personnel are paid, especially in listed companies. This is part of a broader global trend towards greater corporate governance and accountability.<\/li>\n\n\n\n<li><strong>Regulatory Pressure<\/strong>: Hong Kong&#8217;s regulatory bodies may be pushing for more disclosure to ensure that executive pay is aligned with company performance and shareholder interests.<\/li>\n\n\n\n<li><strong>Investor Demand<\/strong>: Investors are increasingly focused on Environmental, Social, and Governance (ESG) factors, and executive compensation is a key component of governance.<\/li>\n<\/ul>\n\n\n\n<p><strong>3.&nbsp;Investors Applying More Pressure on Long-Term Incentives (LTI) and Performance-Driven Pay<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Focus on Long-Term Incentives (LTI)<\/strong>: Investors are pushing for compensation structures that reward long-term performance rather than short-term gains. This could include stock options, restricted shares, or other equity-based incentives that vest over several years.<\/li>\n\n\n\n<li><strong>Performance-Driven Pay<\/strong>: There is a clear move towards tying executive compensation to measurable performance metrics, such as Total Shareholder Return (TSR), Earnings Per Share (EPS) growth, or other key performance indicators (KPIs).<\/li>\n\n\n\n<li><strong>Rationale<\/strong>: This aligns the interests of executives with those of shareholders, ensuring that management is focused on creating sustainable, long-term value rather than pursuing short-term gains that may not be in the best interest of the company or its investors.<\/li>\n<\/ul>\n\n\n\n<p><strong>4. Broader Implications<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Increased Competition for Talent<\/strong>: As compensation structures become more performance-driven and transparent, companies may need to compete more aggressively for top talent, especially in the real estate and financial sectors.<\/li>\n\n\n\n<li><strong>Greater Accountability<\/strong>: With more transparency and performance-based pay, executives will be under greater pressure to deliver results, which could lead to more disciplined investment and operational decisions.<\/li>\n\n\n\n<li><strong>Investor Confidence<\/strong>: These changes could boost investor confidence, as they indicate a more aligned and transparent approach to managing companies and funds.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-china\">China:<\/h2>\n\n\n\n<p>From February 2025 China is set to impose a 1 million yuan cap on annual income of staff at government owned banks and 6 leading insurers. The cap is in line with the government\u2019s \u201ccommon prosperity\u201d drive launched in 2021 to address social and income inequality as growth slowed in the world\u2019s second-largest economy.<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:25%\">\n\t<div class=\"hd-block hd-block-author\" id=\"block_7be523b39745ff3026400d71645c2aab\">\n\n\t\t<div class=\"eyebrow-group\">\n\t\t\t<h3 class=\"hd-block-job__title is-style-eyebrow eyebrow-group__title\">Author<\/h3>\n\t\t<\/div>\n\n\t\t<div class=\"cards cards--people\">\n\n\t\t\t\n<div class=\"card card--person post-5167 hd_person type-hd_person status-publish has-post-thumbnail hentry hd_person_experience_focus-executive-search hd_person_experience_focus-experienced-hires hd_person_sector-banking-and-financial-services hd_person_sector-consumer-retail-hospitality hd_person_sector-manufacturing hd_person_sector-pharma-life-sciences hd_person_sector-professional-services hd_person_sector-tech-media-telecoms hd_person_seniority-executive-director hd_person_specialism-hr hd_person_specialism-hse hd_person_specialism-reward hd_person_location-china hd_person_location-hong-kong\" id=\"block_7be523b39745ff3026400d71645c2aab-person-5167\">\n\n\t<div class=\"card--person__inner\">\n\n\t\t\n\t\t\t<figure class=\"card__image-wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.frazerjones.com\/de\/consultants\/tony-ho\/\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2020\/01\/FJ-Tony-Ho-300x300.jpg\" class=\"card__image test\" alt=\"\" sizes=\"(max-width: 600px) 100vw, (max-width: 781px) 50vw, (max-width: 1023px) 40vw, (max-width: 1200px) 25vw, 370px\" srcset=\"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2020\/01\/FJ-Tony-Ho-300x300.jpg 300w, https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2020\/01\/FJ-Tony-Ho-150x150.jpg 150w, https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2020\/01\/FJ-Tony-Ho-768x768.jpg 768w, https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2020\/01\/FJ-Tony-Ho.jpg 1000w\" \/><\/a>\t\t\t<\/figure>\n\n\t\t\t\t\t\t<div class=\"card__titles\">\n\t\t\t\t\t\t\t<h2 class=\"card__title\"><a href=\"https:\/\/www.frazerjones.com\/de\/consultants\/tony-ho\/\">Tony Ho<\/a><\/h2>\n\t\t\t\t\t\t\t\t<h3 class=\"card__subtitle\"><a href=\"https:\/\/www.frazerjones.com\/de\/consultants\/tony-ho\/\">Executive Director | Head of North Asia<\/a><\/h3>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"card__location\">China, Hong Kong<\/div>\n\t\t\t\t\t\t<div class=\"card__email\">\n\t\t\t\t<a class=\"card__contact-link card__contact-link--email\" href=\"mailto:tonyho@frazerjones.com\">tonyho@frazerjones.com<\/a>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"card__tel\">\n\t\t\t\t<a class=\"card__contact-link card__contact-link--tel\" href=\"tel:+85230089054\">+852 3008 9054<\/a>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"card__linkedin\">\n\t\t\t\t<a class=\"card__contact-link card__contact-link--linkedin\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/tony-ho-6b44411\/\">Connect<\/a>\n\t\t\t<\/div>\n\t\t\t\n\t<\/div>\n\n<\/div>\n\n\n\t\t<\/div>\n\n\t<\/div>\n\n\t\n\n\n\t<div class=\"hd-block hd-block-jobs is-style-reduced is-template- alignwide\" id=\"block_6a69f82952830758ef8ef726e929f0b6\" style=\"\">\n\n\t\t\n\t\t\t<div class=\"eyebrow-group\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"hd-block-job__title is-style-eyebrow eyebrow-group__title\">Jobs<\/h3>\n\t\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\n\t\t<div class=\"cards cards--jobs\">\n\n\t\t\t\n<div class=\"card card--job post-177769 job_listing type-job_listing status-publish hentry\" id=\"block_6a69f82952830758ef8ef726e929f0b6-job-177769\">\n\n\t<a class=\"card__link\" href=\"https:\/\/www.frazerjones.com\/de\/job\/payroll-advisor-177769\/\">\n\n\t\t\n\t\t\t<ul class=\"card__tags\">\n\n\t\t\t\t\t\t\t\t\t<li class=\"card__tag card__tag--srgroup_job_industry\">Professional services<\/li>\n\t\t\t\t\t\t\t\t\t\t<li class=\"card__tag card__tag--srgroup_job_contract\">Fixed term contract<\/li>\n\t\t\t\t\t\n\t\t\t<\/ul>\n\n\t\t\t\t\t\t<h4 class=\"card__title\">Payroll Advisor<\/h4>\n\t\t\t\t\t\t<div class=\"card__content\">Payroll Advisor &#8211; 12 month FTC &#8211; Professional Services &#8211; Guildford My client is a respected business within the professional services realm. Due to a payroll project, they are in pursuit of a Payroll Advisor to join them on a 12 month FTC. To be considered successful, the ideal applicant must &#8211; be proficient on [&hellip;]<\/div>\n\t\t\t\n\t\t<ul class=\"meta__list meta-list--icons\">\n\n\t\t\t\t\t\t\t<li class=\"card__published-date meta__item\"><span class=\"meta__item-label\">Posted<\/span> <span class=\"meta__item-value\">Ver\u00f6ffentlicht vor 3 Stunden<\/span><\/li>\n\t\t\t\t\n\t\t<\/ul>\n\n\t\t\n\t\t<p class=\"card__read-more\">Read more<\/p>\n\n\t<\/a>\n\n<\/div>\n<div class=\"card card--job post-177745 job_listing type-job_listing status-publish hentry\" id=\"block_6a69f82952830758ef8ef726e929f0b6-job-177745\">\n\n\t<a class=\"card__link\" href=\"https:\/\/www.frazerjones.com\/de\/job\/people-operations-coordinator-6-month-ftc-177745\/\">\n\n\t\t\n\t\t\t<ul class=\"card__tags\">\n\n\t\t\t\t\t\t\t\t\t<li class=\"card__tag card__tag--srgroup_job_industry\">Media<\/li>\n\t\t\t\t\t\t\t\t\t\t<li class=\"card__tag card__tag--srgroup_job_contract\">Permanent<\/li>\n\t\t\t\t\t\n\t\t\t<\/ul>\n\n\t\t\t\t\t\t<h4 class=\"card__title\">People Operations Coordinator (6 month FTC)<\/h4>\n\t\t\t\t\t\t<div class=\"card__content\">Our client is an ambitious, high-growth organisation operating within the digital and marketing landscape, partnering with well-known global brands to deliver impactful campaigns across multiple markets. With an expanding international footprint spanning the UK, US, and MENA, they are continuing to invest in their people function to support ongoing growth. They are looking to hire [&hellip;]<\/div>\n\t\t\t\n\t\t<ul class=\"meta__list meta-list--icons\">\n\n\t\t\t\t\t\t\t<li class=\"card__salary meta__item\"><span class=\"meta__item-label\">Salary<\/span> <span class=\"meta__item-value\">GBP35000 &#8211; GBP40000 per hour<\/span><\/li>\n\t\t\t\t\t\t\t\t<li class=\"card__published-date meta__item\"><span class=\"meta__item-label\">Posted<\/span> <span class=\"meta__item-value\">Ver\u00f6ffentlicht vor 7 Stunden<\/span><\/li>\n\t\t\t\t\n\t\t<\/ul>\n\n\t\t\n\t\t<p class=\"card__read-more\">Read more<\/p>\n\n\t<\/a>\n\n<\/div>\n\t\t<\/div>\n\t\n\t<\/div>\n\n\t\n\n\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\"><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group alignwide has-black-05-background-color has-background is-layout-flow wp-block-group-is-layout-flow\">\n<h2 class=\"wp-block-heading is-style-eyebrow\" id=\"get-in-touch-1\">Get in touch<\/h2>\n\n\n\n<script charset=\"utf-8\" type=\"text\/javascript\" src=\"\/\/js-eu1.hsforms.net\/forms\/embed\/v2.js\"><\/script>\r\n<script>\r\n  hbspt.forms.create({\r\n    region: \"eu1\",\r\n    portalId: \"26669168\",\r\n    formId: \"91651939-2b79-4991-a2e0-138e948898c2\"\r\n  });\r\n<\/script>\n<\/div>\n\n\n\n\t<div class=\"hd-block hd-block-posts is-template-grid alignwide\" id=\"block_6c5e494af1dac837ee1c181612336695\">\n\n\t\t\n\t\t\t<div class=\"eyebrow-group\">\n\n\t\t\t\t\t\t\t\t\t<h2 class=\"hd-block-job__title is-style-eyebrow eyebrow-group__title\">Featured Content<\/h2>\n\t\t\t\t\t\t\t\t\t\t<div class=\"wp-block-button is-style-arrow eyebrow-group__button\">\n\t\t\t\t\t\t<a class=\"hd-block-posts__button button wp-block-button__link eyebrow-group__link\" href=\"#\">See all news<\/a>\n\t\t\t\t\t<\/div>\t\n\t\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\n\t\t<div class=\"cards cards--posts\">\n\n\t\t\t\n<div class=\"card card--post post-177483 post type-post status-publish format-standard has-post-thumbnail hentry category-career-advice category-hr category-market-insight category-us tag-hr tag-recruitment hd_author-jonathan-kirby\" id=\"block_6c5e494af1dac837ee1c181612336695-job-177483\">\n\n\t<a class=\"card__link\" href=\"https:\/\/www.frazerjones.com\/de\/career-advice\/why-hr-middle-managers-are-the-most-overlooked-drivers-of-engagement\/\">\n\n\t\t\n\t\t\t<div class=\"card__image-wrapper\">\n\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"225\" src=\"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2025\/06\/Detail_Leader-sharing-content-on-laptop_shutterstock_2025930416-300x225.jpg\" class=\"card__image\" alt=\"Executive Assistants\" sizes=\"(max-width: 481px) 100vw, (max-width: 599px) 50vw, (max-width: 1240px) 33vw, 370px\" srcset=\"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2025\/06\/Detail_Leader-sharing-content-on-laptop_shutterstock_2025930416-300x225.jpg 300w, https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2025\/06\/Detail_Leader-sharing-content-on-laptop_shutterstock_2025930416-768x576.jpg 768w\" \/>\n\t\t\t<\/div>\n\n\t\t\t\n\t\t\t<ul class=\"card__tags\">\n\n\t\t\t\t\t\t\t\t\t\t<li class=\"card__tag\"><\/li>\n\t\t\t\t\t\t\n\t\t\t<\/ul>\n\n\t\t\t\t\t\t<h3 class=\"card__title\">Why HR middle managers are the most overlooked drivers of engagement\u00a0<\/h3>\n\t\t\t\n\t\t<ul class=\"meta__list\">\n\n\t\t\t\t\t\t\t<li class=\"card__published-date meta__item\"><span class=\"meta__item-label\">Posted<\/span> <span class=\"meta__item-value\">Juni 16, 2026<\/span><\/li>\n\t\t\t\t\n\t\t<\/ul>\n\n\t\t\t\t\t<div class=\"card__content\">Contents Share When organizations talk about employee engagement, attention usually focuses on senior leadership setting the big picture strategy or frontline managers supporting teams in their daily work. Sitting between those two groups are\u00a0HR middle managers, a group that often has the greatest day to day influence on how engagement initiatives are experienced but receives [&hellip;]<\/div>\n\t\t\t\n\t<\/a>\n\n<\/div>\n<div class=\"card card--post post-174427 post type-post status-publish format-standard has-post-thumbnail hentry category-hr category-market-insight category-reward tag-hr tag-recruitment hd_author-alredo-lira\" id=\"block_6c5e494af1dac837ee1c181612336695-job-174427\">\n\n\t<a class=\"card__link\" href=\"https:\/\/www.frazerjones.com\/de\/market-insight\/hr\/how-uncertainty-talent-and-data-are-redefining-executive-pay\/\">\n\n\t\t\n\t\t\t<div class=\"card__image-wrapper\">\n\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"225\" src=\"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2026\/05\/GettyImages-464372171-300x225.jpg\" class=\"card__image\" alt=\"Glass building\" sizes=\"(max-width: 481px) 100vw, (max-width: 599px) 50vw, (max-width: 1240px) 33vw, 370px\" srcset=\"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2026\/05\/GettyImages-464372171-300x225.jpg 300w, https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2026\/05\/GettyImages-464372171-2048x1536.jpg 2048w, https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2026\/05\/GettyImages-464372171-1024x768.jpg 1024w, https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2026\/05\/GettyImages-464372171-768x576.jpg 768w\" \/>\n\t\t\t<\/div>\n\n\t\t\t\n\t\t\t<ul class=\"card__tags\">\n\n\t\t\t\t\t\t\t\t\t\t<li class=\"card__tag\"><\/li>\n\t\t\t\t\t\t\n\t\t\t<\/ul>\n\n\t\t\t\t\t\t<h3 class=\"card__title\">How uncertainty, talent, and data are redefining executive pay<\/h3>\n\t\t\t\n\t\t<ul class=\"meta__list\">\n\n\t\t\t\t\t\t\t<li class=\"card__published-date meta__item\"><span class=\"meta__item-label\">Posted<\/span> <span class=\"meta__item-value\">Mai 29, 2026<\/span><\/li>\n\t\t\t\t\n\t\t<\/ul>\n\n\t\t\t\t\t<div class=\"card__content\">As the 2026 proxy season winds down, executive compensation discussions are rapidly changing. Pay design, talent retention, disclosure, and technology are no longer separate conversations; they\u2019re converging at the boardroom level. <\/div>\n\t\t\t\n\t<\/a>\n\n<\/div>\n<div class=\"card card--post post-173589 post type-post status-publish format-standard has-post-thumbnail hentry category-career-progression category-leiderschap hd_author-sean-tong\" id=\"block_6c5e494af1dac837ee1c181612336695-job-173589\">\n\n\t<a class=\"card__link\" href=\"https:\/\/www.frazerjones.com\/de\/career-advice\/career-progression\/from-chro-to-the-boardroom-why-hr-leaders-make-exceptional-non-executive-directors\/\">\n\n\t\t\n\t\t\t<div class=\"card__image-wrapper\">\n\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"225\" src=\"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2026\/03\/Untitled-design-5-300x225.png\" class=\"card__image\" alt=\"HR leaders make exceptional Non-Executive Directors\" sizes=\"(max-width: 481px) 100vw, (max-width: 599px) 50vw, (max-width: 1240px) 33vw, 370px\" srcset=\"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2026\/03\/Untitled-design-5-300x225.png 300w, https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2026\/03\/Untitled-design-5-1024x768.png 1024w, https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2026\/03\/Untitled-design-5-768x576.png 768w\" \/>\n\t\t\t<\/div>\n\n\t\t\t\n\t\t\t<ul class=\"card__tags\">\n\n\t\t\t\t\t\t\t\t\t\t<li class=\"card__tag\"><\/li>\n\t\t\t\t\t\t\n\t\t\t<\/ul>\n\n\t\t\t\t\t\t<h3 class=\"card__title\">From CHRO to the boardroom: why HR leaders make exceptional Non-Executive Directors<\/h3>\n\t\t\t\n\t\t<ul class=\"meta__list\">\n\n\t\t\t\t\t\t\t<li class=\"card__published-date meta__item\"><span class=\"meta__item-label\">Posted<\/span> <span class=\"meta__item-value\">Mai 20, 2026<\/span><\/li>\n\t\t\t\t\n\t\t<\/ul>\n\n\t\t\t\t\t<div class=\"card__content\">Contents Share About Carmen Wee Carmen Wee is the Founder and CEO of&nbsp;Carmen Wee &amp; Associates, an HR advisory services firm. An accomplished Global CHRO with over 25 years of international business experience, Carmen has driven large-scale business transformation and change management within fast-growing organisations undergoing complex mergers and acquisitions. She has led large, multicultural [&hellip;]<\/div>\n\t\t\t\n\t<\/a>\n\n<\/div>\t\t\n\t\t<\/div>\n\n\t\t\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>North Asia, except for Japan, experienced a challenging 2024. Between 20% &#8211; 40% of organisations reported their salary budgets for 2024 cycle were lower than the previous year. As employers report that a period of high resignations and turnover has passed and organisations maintain headcount, employers are more conservative with their salary budgets as they [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":144221,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"templates\/post-original.php","format":"standard","meta":{"_acf_changed":false,"_cn_metabox_post_checkbox_dont_send_once":false,"_cn_metabox_post_checkbox_dont_send_ever":false,"footnotes":""},"categories":[36,33,24],"tags":[],"hd_author":[],"class_list":["post-143493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia","category-resources-regional-focus-hong-kong","category-market-insight"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v25.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>North Asia overview: compensation trends 2024\/25 | Frazer Jones<\/title>\n<meta name=\"description\" content=\"North Asia, except for Japan, experienced a challenging 2024. 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