MP ID EN Salary Guide 2023 Client Report

(1)

Indonesia

Salary Guide 2023

Optimising talent strategy in a changing market

(2)

The Page Insights Salary Guide is an annual resource that provides hiring managers and candidates with salary references across various industries by job functions, including Finance, Technology, Human Resources, Engineering, Sales and more.

This report serves as a valuable tool for informed decisions in the hiring process.

The figures presented in the Page Insights Salary Guide are derived from our proprietary data and network in Indonesia, including job advertisements and placements made in 2022, incorporating salary projections for 2023.

About

Report

methodology

(3)

Contents

Indonesia’s Workforce Outlook 4

For Employers 5

Consumer & Retail 6

Digital & Technology 11

Energy & Natural Resources 15

Financial Services 18

Healthcare & Life Sciences 22 Industrial & Manufacturing 25

Property & Construction 30

(4)

Indonesia’s

Workforce Outlook

Top 5 factors that influence candidates’ decisions on where to work

Top 5 reasons for planned resignations

Promotion

Healthcare benefits Salary / bonus / rewards

Company Culture & values

Company Culture not a fit Unhappy with strategy / direction of company

Change career / role / industry High employee turnover rate

despite unprecedented uncertainty brought about by the COVID-19 pandemic.

This impact is evident in our Talent Trends 2022 survey findings where 43% of respondents in Indonesia have worked for not more than two years in their current roles.

84% of respondents across every age group, industry, market and seniority level plan to look for new career prospects.

Salary is still the top motivator that influences candidates’ decisions on where to work.

Companies should consider reviewing salaries and developing non-monetary strategies to improve talent retention with the overall year-on-year inflation rate at 7%.

Office location

Looking for career progression / promotion

Unhappy with salary

(5)

Employers:

Find out what Employees value

When candidates receive multiple job offers, they are more likely to choose the company that provides a more pleasant interview experience.

An effective onboarding process helps new employees feel connected and supported, especially in hybrid and remote work settings.

Recognition fosters employee satisfaction and retention, making the workplace more engaging. It also helps retain employees.

Invest in your Employee Experience

Remuneration aside, a great employee experience attracts top talent and also entices existing hires to stay engaged and productive. Policies surrounding this should be updated for every stage of an employee’s life cycle to improve attraction and retention rates.

At the interview stage During onboarding At performance reviews

Why candidate experience matters

and how to do it well Why an effective onboarding process

is more important than you think A culture of employee recognition contributes to retention

marketing

Hiring trends

Local brands are gaining prominence, especially within the personal care and beauty space, due to lower price

points, and strong branding and promotional strategy.

Companies are revamping their route-to-market and distribution strategies to buff up sales.

The rise of online retail has led to high demand for digital marketing and e-commerce roles.

Average salary increase when switching jobs

Senior

Junior Mid

30%

20% 20%

Healthcare

Healthcare coverage

Working arrangements Flexible working arrangements

Incentives

Performance bonus of up to 4 months

Others

1-month Tunjangan Hari Raya (THR) and pension fund

Compensation &

benefits trends

Skills in demand Roles in demand

Commercial finance Commercial finance

Brand management Brand management

Senior brand manager Senior brand manager Head of E-commerce / Digital marketing manager

FMCG (Food and personal care) Head of

commercial finance

(7)

Consumer & Retail

C-Suite

ROLE

AVERAGE GROSS SALARY MONTHLY IDR, IN MILLIONS

Chief Financial Officer 170

Chief Sales Officer 170

Chief Human Resources Officer 150

Chief Marketing Officer 150

Accounting

ROLE

Accounting Manager 40

Costing Manager 30

Brand & Marketing

ROLE

Marketing Director 150

Head of Marketing 110

Head of Digital Marketing 90

Brand Director 90

Marketing Manager 80

Consumer Research and Market Insights Manager 65

Innovation Manager 50

Senior Brand Manager 40

Digital Marketing Manager 40

Marketing Communications Manager 38

Customer Relationship Management (CRM)

Manager 35

Brand Manager 30

Research Manager 30

Social Media Manager 25

Marketing Coordinator 24

Assistant Brand Manager 18

Finance

ROLE

Head of Finance 100

Finance Controller 80

Finance Manager 50

(8)

Financial Analyst

ROLE

Finance Business Partner 40

Financial Analyst 30

Human Resources

ROLE

Head of Human Resources 80

Head of Learning and Development 60

HRBP Manager 60

Head of Talent Acquisition 45

Talent Management Manager 40

Human Resources Business Partner (HRBP) 40

Compensation and Benefits 40

IT

ROLE

Head of IT 100

IT Manager 50

Legal

ROLE

Legal Director 200

Head of Legal 110

Director of External Affairs 85

Senior Legal Counsel 70

Legal Manager 50

Procurement & Supply Chain

ROLE

Head of Sourcing 80

Logistics Manager 25

Merchandising

ROLE

Merchandising Manager 35

Consumer & Retail

(9)

Property, Construction & Facilities Management

ROLE

Facilities Manager 30

Commercial

ROLE

Country Sales Manager 175

Sales Director 155

Business Director 110

General Manager Sales 100

Head of Trade Marketing 80

National Sales Manager 70

Natural Key Account Manager 60

Head of Channel Sales 55

Regional Sales Manager 45

Trade Marketing Manager 45

Senior Key Account Manager 35

Branch Sales Manager 30

Area Sales Manager 25

Key Account Manager 25

Specialty Channel

ROLE

E-Commerce Manager 50

Food Service Manager 40

Ethical Sales Manager 30

Store Management

ROLE

General Manager Store Management 70

Retail Manager 43

Store Manager 30

Consumer & Retail

(10)

Supply Chain Management

ROLE

Director Supply Chain 100

Inventory Manager 25

Planning Manager 25

Supply Planner 20

Tax

ROLE

Head of Tax 75

Environmental, Social & Governance (ESG)

ROLE

CSR Manager 35

Consumer & Retail

(11)

Digital &

Technology

Digital media Digital media

Local conglomerates Local conglomerates SME-focused startups SME-focused startups Vertical play e-commerce Vertical play e-commerce Fintech and Digital banking Fintech and Digital banking

Hiring trends

Hiring demand for commercial, operational, and technical roles has slowed, with new hires only being made for critical or replacement positions.

Growth can still be seen in fintech, digital banking, e-commerce, local conglomerate businesses, SME startups, and Web3 companies.

Sectors experiencing some hiring demands:

1. Cyber risk and GRC (Governance, Risk, Compliance) functions focusing on technology risk in response to the updated local regulations.

2. Data-related senior leadership roles, including data governance and data protection, due to UU PDP (Undang- Undang Pelindungan Data Pribadi).

3. Engineering and product roles, including cloud infrastructure, QA automation, and UI / UX.

Average salary increase when switching jobs

Senior

Junior Mid

20-25% 20-30% 15-30%

Compensation &

benefits trends

Skills in demand Roles in demand

Leadership Leadership

Growth marketing Growth marketing

Data literacy Data literacy

IT GRC IT GRC

Digital delivery Digital delivery Cloud infrastructure Cloud infrastructure Commercial leadership Commercial leadership

Growth Growth

Others (Optional)

Employee Stock Option (ESOP), Laptop Ownership Program (LOP) and Flexi Benefits

Incentives

Conditional Sign-on-Bonus (SOB)

Working arrangements Hybrid working arrangements

Security and risk standard

Domain-focused

product management

(12)

Digital & Technology

C-Suite

ROLE

Chief Technology Officer 200

Chief Product Officer 200

Chief Operating Officer 180

Chief Commercial Officer 150

Chief of Human Resources 150

Account Management

ROLE

Head of Business Development 75

Business Development Manager 40

Account Manager 25

Communications

ROLE

Head of Communications 85

Head of Media and Public Relations 65

Public Relations Manager 30

Data Analytics

ROLE

VP of Data 150

Head of Data 100

Data Science Lead 50

Data Engineering Lead 40

Data Analytics Lead 40

(13)

Software Development

ROLE

VP Engineering 150

Head of Engineering 120

Engineering Manager 80

Technology Lead 50

Lead DevOps Engineer 40

Senior Software Engineer 35

QA Engineer 25

Systems Engineer 25

Finance

ROLE

Head of Finance 100

Financial Controller 85

Senior Finance Manager 75

Finance Manager 60

Financial Analyst 35

Legal

ROLE

General Counsel 200

SVP Legal 150

AVP Legal 110

Head of Legal 90

Senior Legal Manager 60

Legal Manager 40

Government Relations

ROLE

VP Government Relations 170

Head of Government Relations 110

Government Relations Senior Manager 70

Government Relations Manager 44

(14)

Marketing

ROLE

Head of Digital Marketing 50

Performance Marketing Manager 45

Digital Marketing Manager 40

Product Marketing Manager 35

Campaign Manager 25

Brand Marketing Manager 25

Social Media Specialist 15

Product Management

ROLE

Head of Product 120

Lead Product Manager 80

Program Manager 80

UI / UX Manager 70

Project Manager 45

Senior UI / UX 40

UX Researcher 40

Sales

ROLE

VP Sales 80

Head of Sales 70

Head of Partnerships 55

Partnerships Manager 35

Sales Manager 35

Sales Executive 15

Human Resources

ROLE

Human Resources Manager 40

Talent Acquisition Manager 30

(15)

Energy &

Natural Resources

Nickel Nickel Coal Coal

Processing plants Processing plants Coal mining

operations management Nickel mining

operations management

Hiring trends

Significant fluctuations in coal prices have led to an increase in demand for coal mining experts.

EV investment has triggered a demand for nickel.

Mining companies are investing more in processing plants.

Senior

Junior Mid

20%

30%

20%

Working arrangements

6-weeks on and 2-weeks off roster

Others

1-month Tunjangan Hari Raya (THR)

Compensation &

benefits trends

Mineral Processing Mineral Processing

Operations manager

Processing manager

General manager

of operations

(16)

Energy & Natural Resources

Account Management

ROLE

Accounting

ROLE

Cost Accountant 30

Business Development

ROLE

Senior Business Development Manager 45

Engineering

ROLE

Director Mining Operations 230

General Manager Mining Operations 90

General Manager Processing Plant 90

Manager Processing Plant 65

Sr. Metallurgist 55

Manager Mining Operations 50

Sr Geologist (with CPI) 50

Manager Maintenance / Engineering 45

Superintendent Processing Plant 25

Superintendent Mining Operations / Geology /

Engineering / Maintenance 25

Supervisor Mining Operations / Geology /

Engineering / Maintenance 20

Environment, Health & Safety (EHS)

ROLE

EHS Manager 50

EHS Superintendent 25

(17)

ROLE

Carbon Analyst 35

Finance

ROLE

Head of Finance 100

Finance Manager 50

Tax Manager 40

Legal

ROLE

Head of Legal 91

Head of Corporate Secretary 80

Head of Sustainability 65

Sustainability Manager 55

Senior Legal Counsel 50

Legal Counsel 42

Project Management

ROLE

Project Director 150

Project Manager 65

Sales

ROLE

Head of Sales 70

Sales Manager 35

Human Resources

ROLE

Industrial Relation Manager 40

Training & Development Manager 30

Energy & Natural Resources

(18)

Financial Services

Consulting firms Consulting firms

Hiring trends

The post-pandemic recovery period has opened up new investment opportunities due to business growth and a optimistic outlook on economic development.

The demand comes from the capital market and financial technology sectors to support the business for acquisition, fundraising, and restructuring.

Startups are reevaluating

operations by focusing on essential business for recovery and improved customer experience to prevent further losses.

As the regulators (OJK and BI) become stricter, conventional financial services and fintech firms are hiring more senior risk and compliance professionals.

Senior

Junior Mid

30% 30% 30%

Annual leave 12-20 days

Incentives

Sign-on bonus based on retention bonus and benefits from previous company, performance bonus between 2-5 months, ESOP based on current valuation, and DPLK (Pension Fund) up to 17%

Others

Tunjangan Hari Raya (THR), end-of-year allowance, leave allowance and loan special rate

Compensation &

benefits trends

Customer excellence Customer excellence Strategic management Strategic management

Head of risk / credit risk Head of risk / credit risk

Engagement manager Engagement manager Head of customer excellence

Capital market / Brokerage house Conventional banking and insurance

Fundraising (Corporate finance and sell side) Credit scoring and portfolio management

Corporate finance and advisory

Working Arrangements

WFH / WFO / hybrid

(19)

Financial Services

ROLE

Head of Funding 120

Head of Lending 120

VP Retail Banking 90

Fund Manager 80

Relationship Manager (Corporate) 75

Equity Sales (Institutional) 70

Branch Manager (Retail) 65

Relationship Manager (Retail) 40

Relationship Manager (Wealth) 40

Equity Sales (Retail) 20

Compliance and Risk Management

ROLE

Risk Director 180

Head of Risk 100

Head of Compliance 90

Compliance Manager 50

Risk Specialist 30

Know Your Customer (KYC) 30

C-Suite

ROLE

Chief Operations Officer 180

(20)

Finance, Accounting & Tax

ROLE

Head of Corporate Strategy 150

Head of Corporate Finance 120

Head of Internal Audit 100

Head of Finance 100

Financial Controller 80

VP Tax 70

Finance Manager 45

Government Relations

ROLE

VP Public Policy and Government Relations 160

Director of Public Policy and Government Relations 155

Human Resources

ROLE

Head of Learning and Development 60

Head of Talent Acquisition 45

HR Business Partner 40

Training and Development Manager 30

Investment Banking

ROLE

Director 170

SVP / EVP 130

VP 70

Associate 40

Analyst 25

Financial Services

(21)

Legal

ROLE

Chief of Legal (Insurance) 165

Chief of Legal (Banking) 150

Head of Legal (Fintech) 110

Head of Legal (Insurance) 90

Country Legal Counsel (Insurtech) 75

Head of Legal (Banking) 70

Head of Legal and Compliance (Fintech) 70

Head of Legal and Corporate Secretary (Banking) 65

Associate Counsel (Insurtech) 55

Legal Manager (Fintech) 55

Senior Legal (Insurance) 45

Legal Manager (Banking) 32

Marketing

ROLE

Operations

ROLE

VP Operations 100

VP Customer Excellence 100

VP Collection 80

SVP Credit Control 80

Head of Customer Service 70

Head of Collection 60

Desk Collection Senior Manager 45

Field Collection Senior Manager 45

Financial Services

(22)

Healthcare &

Life Sciences

Pharmaceutical Pharmaceutical IVD Life sciences IVD Life sciences Hospitals

Hospitals

Hiring trends

IVD, life sciences and genomics in Indonesia are expected to grow over the next couple of years. New players, both local and multinational, are starting to invest in Indonesia by setting up a representative office first.

Companies that were not previously in healthcare are now expanding their businesses by setting up their own clinics and laboratories as a way to enter the industry.

Since 2020, demand for hospital directors, medical scientific liaisons, product managers, business

development management and business digitalisation roles have remained high.

Senior

Junior Mid

25% 30%

20%

Compensation &

benefits trends

P&L management P&L management Brand management Brand management Commercial acumen Commercial acumen

Product brand manager Product brand manager Incentives

Conditional sign-on bonus

Working Arrangements Hybrid working arrangement

Others

2 times Tunjangan Hari Raya (THR) and pension fund

Business development manager

Hospital director /

Business digitalisation

(23)

Healthcare & Life Sciences

Pharmaceutical

ROLE

Head of Government Affairs 130

Business Unit Director / Head 120

Head of Commercial Excellence 110

Medical Director 110

Market Access Head 90

Head of Pharmacovigilance 85

Head of Finance 70

Head of Research and Development 60

Market Access Manager 50

Senior Product/Brand Manager 50

Internal Audit Manager 45

Finance Manager 40

Head of Sales 40

Medical Manager 35

National Key Account Manager 35

Product / Brand Manager 35

Medical Scientific Liaison 25

QA Manager 20

PV Officer 16

Hospitals

ROLE

Head of Commercial 80

Hospital Director 80

Business Digitalisation Manager 40

Finance Manager 35

Quality Manager 30

Laboratory Manager 20

(24)

Medical Devices & IVD

ROLE

Head of Diagnostics 80

Head of Sales / National Key Account 80

General Manager 70

Head of Business Unit 70

Market Development Manager 50

Finance Manager 40

Product Manager 40

Application Specialist 20

Life Sciences

ROLE

Head of Sales 70

Laboratory Director 60

Head Scientist 35

Laboratory Manager 30

Field Application Specialist 25

Scientist 20

Laboratory Supervisor 15

Other Positions

ROLE

Healthcare Compliance Manager / Head 60

Healthcare & Life Sciences

(25)

Industrial &

Manufacturing

Speciality chemical Speciality chemical Mining

Mining Automotive Automotive Linguistic abilities

(Bahasa Indonesia, English, Mandarin and Japanese)

Hiring trends

Many businesses are moving their production facilities from Mainland China to Indonesia, especially in locations such as Central and East Java. This trend is more apparent in the textile and automotive sectors.

We see an increasing demand for Mandarin speakers as there has been a growing number of Chinese investors in Indonesia.

Senior

Junior Mid

15-25% 15-25% 20%

Others

1-month Tunjangan Hari Raya (THR), basic allowance and transport allowance

Compensation &

benefits trends

Leadership Leadership Material process Material process

FP&A Manager FP&A Manager Export manager Export manager Finance manager Finance manager After sales manager After sales manager Business development manager

Construction building materials Incentives

Annual bonus between 1-3

months’ salary

(26)

Industrial & Manufacturing

C-Suite

ROLE

Chief Commercial Officer 150

Finance & Accounting

ROLE

Head of Finance 85

Finance Manager 55

FP&A Manager 45

Tax Manager 40

Costing Manager 35

Engineering

ROLE

Senior Engineering Manager 70

Engineering Manager 45

Engineer 15

Environment, Health & Safety (EHS)

ROLE

EHS Manager 35

ROLE

Head of Sustainability 70

Sustainability Manager 50

Environment Manager 40

(27)

Facilities & Maintenance

ROLE

Plant Director 100

Plant Manager 60

Plant Controller 50

Legal

ROLE

Corporate Secretary and Legal Director 135

Head of External Affairs 70

Head of Legal 70

Legal Counsel 45

Legal Manager 40

Human Resources

ROLE

Compensation & Benefits 40

Industrial Relation Manager 40

IT

ROLE

Head of IT 70

Logistics

ROLE

Logistics Manager 35

Logistics Coordinator 15

Maintenance

ROLE

Head of Maintenance 60

Maintenance Manager 30

Senior Maintenance Engineer 20

(28)

Marketing

ROLE

Marketing Director 110

Senior Brand Manager 45

Product Manager 40

Brand Manager 35

Market Analyst Manager 30

Marketing Communications Manager 30

Assistant Marketing Manager 20

Operations

ROLE

Operations Director 140

Manufacturing Director 110

Manufacturing Manager 50

Operations Manager 40

Senior Production Manager 40

Production Manager 30

Process Engineer 15

Procurement & Purchasing

ROLE

Procurement Director 90

Head of Purchasing 60

Procurement Manager 35

Assistant Procurement Manager 20

Industrial & Manufacturing

(29)

Project Management

ROLE

Project Manager 45

Property, Construction & Facilities Management

ROLE

Construction Manager 45

Property Manager 35

Quality Assurance (QA)

ROLE

Senior QA Manager 38

Assistant QA Manager 20

Research

ROLE

Head of Research 50

Market Intelligence Manager 40

Sales

ROLE

Commercial Director 110

Sales Director 110

Business Unit Head 75

Head of Sales 70

Export Manager 45

Technical Sales Manager 35

Account Manager 30

After Sales Manager 30

Area Sales Manager 30

Sales Manager 30

Sales Engineer 15

Supply Chain

ROLE

Supply Chain Manager 45

(30)

Property &

Construction

Industrial property Industrial property EPC services EPC services Data center Data center

Hiring trends

There is an exponential growth in data centre facility investments from local and multinational companies.

There will be more industrial renewable projects in the coming months.

Demand for business development, sales and marketing and project management professionals remains high in property development.

Senior

Junior Mid

25% 22%

17%

Others

1-month Tunjangan Hari Raya (THR)

Compensation &

benefits trends

Skills in demand Roles in demand

Business development Business development

Project manager (MEP) Project manager (MEP) Facility manager Facility manager Project manager (Civil) Project manager (Civil) Mandarin-speaking

engineers

Mechanical electrical plumbing

Incentives

Average of 2 months’ pay

(31)

Property & Construction

C-Suite

ROLE

Chief Executive Officer 248

Chief Investment Officer 180

Chief Operating Officer 155

Finance & Accounting

ROLE

Finance Manager 60

Senior Accounting Manager 50

Tax Manager 40

Costing Manager 35

ROLE

Design

ROLE

Design Director 128

Engineering

ROLE

Technical Director 123

Construction Manager 40

Structural Manager 35

Maintenance Manager 35

Mechanical / Electrical / Plumbing Manager 35

Site Manager 30

Civil Engineer 17

Structural Engineer 17

(32)

Facilities Engineer

ROLE

Facilities Manager 40

Facilities Engineer 18

General & Project Management

ROLE

Managing Director Project Management 140

Project Director 130

Project Manager 50

Human Resources

ROLE

Legal

ROLE

Chief of Legal and Corporate Secretary 120

Head of Legal 120

Procurement & Purchasing

ROLE

Procurement Manager 30

Sales

ROLE

Sales Director 100

Sales Manager 30

Property & Construction

(33)

Michael Page Internasional Indonesia Level 12, One Pacific Place

Sudirman Central Business District , Jl. Jend.

Sudirman Kav. 52 – 53 Jakarta 12190 Indonesia

T +62 21 295 88800 | F +62 21 295 88801 [email protected]

www.michaelpage.co.id