{"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\/nl\/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 &#8220;2 and 20&#8221; 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\/nl\/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\/nl\/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\/nl\/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-169777 job_listing type-job_listing status-publish hentry\" id=\"block_6a69f82952830758ef8ef726e929f0b6-job-169777\">\n\n\t<a class=\"card__link\" href=\"https:\/\/www.frazerjones.com\/nl\/job\/human-resource-generalist-temporary-169777\/\">\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\">Financial services<\/li>\n\t\t\t\t\t\t\t\t\t\t<li class=\"card__tag card__tag--srgroup_job_contract\">Temporary<\/li>\n\t\t\t\t\t\n\t\t\t<\/ul>\n\n\t\t\t\t\t\t<h4 class=\"card__title\">Human Resource Generalist, Temporary<\/h4>\n\t\t\t\t\t\t<div class=\"card__content\">Title: Temporary Human Resource Generalist Location: New York, NY (Onsite &#8211; minimum 3 days per week) Duration: 3\u2011month contract Compensation: $40-$50 per hour Experience Required: Minimum 5 years of HR experience; BambooHR preferred Overview We are seeking a detail\u2011oriented and highly organized HR Operations Specialist to provide essential support during a 3\u2011month maternity leave. This [&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\">1 dag geleden geplaatst<\/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-169773 job_listing type-job_listing status-publish hentry\" id=\"block_6a69f82952830758ef8ef726e929f0b6-job-169773\">\n\n\t<a class=\"card__link\" href=\"https:\/\/www.frazerjones.com\/nl\/job\/ld-consultant-169773\/\">\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\">Telecommunications<\/li>\n\t\t\t\t\t\t\t\t\t\t<li class=\"card__tag card__tag--srgroup_job_contract\">Interim<\/li>\n\t\t\t\t\t\n\t\t\t<\/ul>\n\n\t\t\t\t\t\t<h4 class=\"card__title\">L&amp;D Consultant<\/h4>\n\t\t\t\t\t\t<div class=\"card__content\">I&#8217;m delighted to work with a highly successful, high performing organisation in Gloucestershire to recruit a Learning &amp; Development specialist. You&#8217;ll join this wonderful business on a contract basis to design and deliver a high\u2011impact 9\u2011month High\u2011Potential Development Programme and create a clear career progression framework for employees. In this role, you&#8217;ll shape a blended [&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\">GBP400 &#8211; GBP600 per day<\/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\">1 dag geleden geplaatst<\/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-168223 post type-post status-publish format-standard has-post-thumbnail hentry category-hr category-market-insight category-private-equity category-uk category-us tag-hr tag-private-equity tag-recruitment\" id=\"block_6c5e494af1dac837ee1c181612336695-job-168223\">\n\n\t<a class=\"card__link\" href=\"https:\/\/www.frazerjones.com\/nl\/market-insight\/private-equity\/how-us-deals-are-reshaping-cpo-hiring-in-the-uk\/\">\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\/2024\/09\/iStock-1217851763-copy-300x225.jpg\" class=\"card__image\" alt=\"\" sizes=\"(max-width: 481px) 100vw, (max-width: 599px) 50vw, (max-width: 1240px) 33vw, 370px\" srcset=\"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2024\/09\/iStock-1217851763-copy-300x225.jpg 300w, https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2024\/09\/iStock-1217851763-copy-2048x1536.jpg 2048w, https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2024\/09\/iStock-1217851763-copy-1024x768.jpg 1024w, https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2024\/09\/iStock-1217851763-copy-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\">Private equity confidence is back: how US deals are reshaping CPO hiring in the UK<\/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\">maart 18, 2026<\/span><\/li>\n\t\t\t\t\n\t\t<\/ul>\n\n\t\t\t\t\t<div class=\"card__content\">Over the last six months, I have seen confidence return to the private equity market. After a prolonged period of caution driven by the pandemic, economic uncertainty and ongoing volatility, funds are once again showing a greater appetite to transact. For many investors, uncertainty is no longer a short-term disruption. It is the operating environment, [&hellip;]<\/div>\n\t\t\t\n\t<\/a>\n\n<\/div>\n<div class=\"card card--post post-168097 post type-post status-publish format-standard has-post-thumbnail hentry category-hiring-advice category-hr category-market-insight category-us tag-hr tag-recruitment\" id=\"block_6c5e494af1dac837ee1c181612336695-job-168097\">\n\n\t<a class=\"card__link\" href=\"https:\/\/www.frazerjones.com\/nl\/market-insight\/emerging-hr-hubs-in-north-america-beyond-nyc-chicago-and-toronto\/\">\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\/2022\/11\/iStock-1291834384-2-300x225.jpg\" class=\"card__image\" alt=\"\" sizes=\"(max-width: 481px) 100vw, (max-width: 599px) 50vw, (max-width: 1240px) 33vw, 370px\" srcset=\"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2022\/11\/iStock-1291834384-2-300x225.jpg 300w, https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2022\/11\/iStock-1291834384-2-1024x768.jpg 1024w, https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2022\/11\/iStock-1291834384-2-768x576.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\">Emerging HR hubs in North America:\u00a0beyond NYC, Chicago, and Toronto\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\">maart 18, 2026<\/span><\/li>\n\t\t\t\t\n\t\t<\/ul>\n\n\t\t\t\t\t<div class=\"card__content\">We\u2019ve already\u00a0discussed executive hiring search trends in North America, but what are some of the emerging locations business leaders should be aware of?\u00a0\u00a0 For decades, New York City, Chicago, and Toronto have been the dominant HR centers in North America. Their established corporate ecosystems, deep labor markets, and extensive talent pipelines made them natural focal [&hellip;]<\/div>\n\t\t\t\n\t<\/a>\n\n<\/div>\n<div class=\"card card--post post-167383 post type-post status-publish format-standard has-post-thumbnail hentry category-finding-talent category-talent-nl category-market-update category-uk tag-southwest-uk\" id=\"block_6c5e494af1dac837ee1c181612336695-job-167383\">\n\n\t<a class=\"card__link\" href=\"https:\/\/www.frazerjones.com\/nl\/regional-focus\/uk\/southwest-uk-hr-job-market\/\">\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\/2021\/01\/iStock-910005254-300x225.jpg\" class=\"card__image\" alt=\"\" sizes=\"(max-width: 481px) 100vw, (max-width: 599px) 50vw, (max-width: 1240px) 33vw, 370px\" srcset=\"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2021\/01\/iStock-910005254-300x225.jpg 300w, https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2021\/01\/iStock-910005254-1024x768.jpg 1024w, https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2021\/01\/iStock-910005254-768x576.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\">The Southwest UK HR job market in 2026: what employers across Bristol, the M4 corridor and the Thames Valley need to know<\/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\">maart 11, 2026<\/span><\/li>\n\t\t\t\t\n\t\t<\/ul>\n\n\t\t\t\t\t<div class=\"card__content\">Over recent years, the HR job market across the Southwest has shifted significantly. From Bristol and Swindon, through the M4 corridor and across parts of the Thames Valley, employers are navigating a labour market shaped by post-pandemic change, economic uncertainty and continued demand for high-quality HR capability. I work closely with organisations across this entire [&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. Between 20% - 40% of organisations reported their salary budgets for 2024 cycle were lower than the previous year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/\" \/>\n<meta property=\"og:locale\" content=\"nl_NL\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"North Asia overview: compensation trends 2024\/25\" \/>\n<meta property=\"og:description\" content=\"North Asia, except for Japan, experienced a challenging 2024. Between 20% - 40% of organisations reported their salary budgets for 2024 cycle were lower than the previous year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/\" \/>\n<meta property=\"og:site_name\" content=\"Frazer Jones\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FrazerJonesRecruitment\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-02T09:11:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-23T00:23:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2025\/06\/BIPO-3-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1920\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"tonyho\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@FrazerJonesHR\" \/>\n<meta name=\"twitter:site\" content=\"@FrazerJonesHR\" \/>\n<meta name=\"twitter:label1\" content=\"Geschreven door\" \/>\n\t<meta name=\"twitter:data1\" content=\"tonyho\" \/>\n\t<meta name=\"twitter:label2\" content=\"Geschatte leestijd\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minuten\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/\"},\"author\":{\"name\":\"tonyho\",\"@id\":\"https:\/\/www.frazerjones.com\/#\/schema\/person\/e100efa628fa5860a0023fd5529104d4\"},\"headline\":\"North Asia overview: compensation trends 2024\/25\",\"datePublished\":\"2025-07-02T09:11:16+00:00\",\"dateModified\":\"2025-10-23T00:23:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/\"},\"wordCount\":570,\"publisher\":{\"@id\":\"https:\/\/www.frazerjones.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2025\/06\/BIPO-3-scaled.jpg\",\"articleSection\":[\"Asia\",\"Hong Kong\",\"Market Insight\"],\"inLanguage\":\"nl-NL\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/\",\"url\":\"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/\",\"name\":\"North Asia overview: compensation trends 2024\/25 | Frazer Jones\",\"isPartOf\":{\"@id\":\"https:\/\/www.frazerjones.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2025\/06\/BIPO-3-scaled.jpg\",\"datePublished\":\"2025-07-02T09:11:16+00:00\",\"dateModified\":\"2025-10-23T00:23:05+00:00\",\"description\":\"North Asia, except for Japan, experienced a challenging 2024. Between 20% - 40% of organisations reported their salary budgets for 2024 cycle were lower than the previous year.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/#breadcrumb\"},\"inLanguage\":\"nl-NL\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"nl-NL\",\"@id\":\"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/#primaryimage\",\"url\":\"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2025\/06\/BIPO-3-scaled.jpg\",\"contentUrl\":\"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2025\/06\/BIPO-3-scaled.jpg\",\"width\":2560,\"height\":1920},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.frazerjones.com\/nl\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"North Asia overview: compensation trends 2024\/25\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.frazerjones.com\/#website\",\"url\":\"https:\/\/www.frazerjones.com\/\",\"name\":\"Frazer Jones\",\"description\":\"Global HR Search &amp; Recruitment\",\"publisher\":{\"@id\":\"https:\/\/www.frazerjones.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.frazerjones.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"nl-NL\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.frazerjones.com\/#organization\",\"name\":\"Frazer Jones\",\"url\":\"https:\/\/www.frazerjones.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"nl-NL\",\"@id\":\"https:\/\/www.frazerjones.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2022\/08\/FJ_Opengraph-Image4-scaled.jpg\",\"contentUrl\":\"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2022\/08\/FJ_Opengraph-Image4-scaled.jpg\",\"width\":2560,\"height\":1344,\"caption\":\"Frazer Jones\"},\"image\":{\"@id\":\"https:\/\/www.frazerjones.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/FrazerJonesRecruitment\/\",\"https:\/\/x.com\/FrazerJonesHR\",\"https:\/\/www.instagram.com\/frazerjoneshr\/\",\"https:\/\/www.linkedin.com\/company\/36130\/?trk=tyah\",\"https:\/\/www.youtube.com\/user\/FrazerJonesHRSearch\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.frazerjones.com\/#\/schema\/person\/e100efa628fa5860a0023fd5529104d4\",\"name\":\"tonyho\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"nl-NL\",\"@id\":\"https:\/\/www.frazerjones.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a6bbf4d664cd5d8ee3724e189e4322d9eda60f5a8e79403cd9d53fb92a3cb49c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a6bbf4d664cd5d8ee3724e189e4322d9eda60f5a8e79403cd9d53fb92a3cb49c?s=96&d=mm&r=g\",\"caption\":\"tonyho\"},\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/tony-ho-6b44411\/\"],\"url\":\"https:\/\/www.frazerjones.com\/nl\/author\/tonyho\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"North Asia overview: compensation trends 2024\/25 | Frazer Jones","description":"North Asia, except for Japan, experienced a challenging 2024. Between 20% - 40% of organisations reported their salary budgets for 2024 cycle were lower than the previous year.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/","og_locale":"nl_NL","og_type":"article","og_title":"North Asia overview: compensation trends 2024\/25","og_description":"North Asia, except for Japan, experienced a challenging 2024. Between 20% - 40% of organisations reported their salary budgets for 2024 cycle were lower than the previous year.","og_url":"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/","og_site_name":"Frazer Jones","article_publisher":"https:\/\/www.facebook.com\/FrazerJonesRecruitment\/","article_published_time":"2025-07-02T09:11:16+00:00","article_modified_time":"2025-10-23T00:23:05+00:00","og_image":[{"width":2560,"height":1920,"url":"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2025\/06\/BIPO-3-scaled.jpg","type":"image\/jpeg"}],"author":"tonyho","twitter_card":"summary_large_image","twitter_creator":"@FrazerJonesHR","twitter_site":"@FrazerJonesHR","twitter_misc":{"Geschreven door":"tonyho","Geschatte leestijd":"6 minuten"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/#article","isPartOf":{"@id":"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/"},"author":{"name":"tonyho","@id":"https:\/\/www.frazerjones.com\/#\/schema\/person\/e100efa628fa5860a0023fd5529104d4"},"headline":"North Asia overview: compensation trends 2024\/25","datePublished":"2025-07-02T09:11:16+00:00","dateModified":"2025-10-23T00:23:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/"},"wordCount":570,"publisher":{"@id":"https:\/\/www.frazerjones.com\/#organization"},"image":{"@id":"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/#primaryimage"},"thumbnailUrl":"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2025\/06\/BIPO-3-scaled.jpg","articleSection":["Asia","Hong Kong","Market Insight"],"inLanguage":"nl-NL"},{"@type":"WebPage","@id":"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/","url":"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/","name":"North Asia overview: compensation trends 2024\/25 | Frazer Jones","isPartOf":{"@id":"https:\/\/www.frazerjones.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/#primaryimage"},"image":{"@id":"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/#primaryimage"},"thumbnailUrl":"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2025\/06\/BIPO-3-scaled.jpg","datePublished":"2025-07-02T09:11:16+00:00","dateModified":"2025-10-23T00:23:05+00:00","description":"North Asia, except for Japan, experienced a challenging 2024. Between 20% - 40% of organisations reported their salary budgets for 2024 cycle were lower than the previous year.","breadcrumb":{"@id":"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/#breadcrumb"},"inLanguage":"nl-NL","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/"]}]},{"@type":"ImageObject","inLanguage":"nl-NL","@id":"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/#primaryimage","url":"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2025\/06\/BIPO-3-scaled.jpg","contentUrl":"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2025\/06\/BIPO-3-scaled.jpg","width":2560,"height":1920},{"@type":"BreadcrumbList","@id":"https:\/\/www.frazerjones.com\/market-insight\/north-asia-overview-compensation-trends-2024-25\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.frazerjones.com\/nl\/"},{"@type":"ListItem","position":2,"name":"North Asia overview: compensation trends 2024\/25"}]},{"@type":"WebSite","@id":"https:\/\/www.frazerjones.com\/#website","url":"https:\/\/www.frazerjones.com\/","name":"Frazer Jones","description":"Global HR Search &amp; Recruitment","publisher":{"@id":"https:\/\/www.frazerjones.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.frazerjones.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"nl-NL"},{"@type":"Organization","@id":"https:\/\/www.frazerjones.com\/#organization","name":"Frazer Jones","url":"https:\/\/www.frazerjones.com\/","logo":{"@type":"ImageObject","inLanguage":"nl-NL","@id":"https:\/\/www.frazerjones.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2022\/08\/FJ_Opengraph-Image4-scaled.jpg","contentUrl":"https:\/\/www.frazerjones.com\/wp-content\/uploads\/sites\/2\/2022\/08\/FJ_Opengraph-Image4-scaled.jpg","width":2560,"height":1344,"caption":"Frazer Jones"},"image":{"@id":"https:\/\/www.frazerjones.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/FrazerJonesRecruitment\/","https:\/\/x.com\/FrazerJonesHR","https:\/\/www.instagram.com\/frazerjoneshr\/","https:\/\/www.linkedin.com\/company\/36130\/?trk=tyah","https:\/\/www.youtube.com\/user\/FrazerJonesHRSearch"]},{"@type":"Person","@id":"https:\/\/www.frazerjones.com\/#\/schema\/person\/e100efa628fa5860a0023fd5529104d4","name":"tonyho","image":{"@type":"ImageObject","inLanguage":"nl-NL","@id":"https:\/\/www.frazerjones.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a6bbf4d664cd5d8ee3724e189e4322d9eda60f5a8e79403cd9d53fb92a3cb49c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a6bbf4d664cd5d8ee3724e189e4322d9eda60f5a8e79403cd9d53fb92a3cb49c?s=96&d=mm&r=g","caption":"tonyho"},"sameAs":["https:\/\/www.linkedin.com\/in\/tony-ho-6b44411\/"],"url":"https:\/\/www.frazerjones.com\/nl\/author\/tonyho\/"}]}},"_links":{"self":[{"href":"https:\/\/www.frazerjones.com\/nl\/wp-json\/wp\/v2\/posts\/143493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.frazerjones.com\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.frazerjones.com\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.frazerjones.com\/nl\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/www.frazerjones.com\/nl\/wp-json\/wp\/v2\/comments?post=143493"}],"version-history":[{"count":0,"href":"https:\/\/www.frazerjones.com\/nl\/wp-json\/wp\/v2\/posts\/143493\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.frazerjones.com\/nl\/wp-json\/wp\/v2\/media\/144221"}],"wp:attachment":[{"href":"https:\/\/www.frazerjones.com\/nl\/wp-json\/wp\/v2\/media?parent=143493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.frazerjones.com\/nl\/wp-json\/wp\/v2\/categories?post=143493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.frazerjones.com\/nl\/wp-json\/wp\/v2\/tags?post=143493"},{"taxonomy":"hd_author","embeddable":true,"href":"https:\/\/www.frazerjones.com\/nl\/wp-json\/wp\/v2\/hd_author?post=143493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}