Salary trends

THOSE who intend to stay in their current jobs can possibly expect salary increments hovering around 4% this year, same as in 2023.

Those who want to move within the sphere of emerging technologies can expect substantial salary increases, ranging from 15% to 35%, depending on their skills and experience.

Randstad expects robust hiring activities across the board in 2024, but not similar to 2022.

In its “2024 Job Market Outlook and Salary Guide Report”, Randstad said soft skills are more important than ever as digital transformation moves tech from the server room to the boardroom.

It said communication and problem-solving skills are in demand and those who excel can generally command a premium salary.

Most in-demand roles in technology across all industries include coding (for software developers, programmers and software engineers), automation, e-sports and digital transformation.

High-growth areas like AI and big data will enjoy an advantage in recruiting talent.

Demand for regional or international legal frameworks is on the rise and also in areas of cybersecurity and data protection.

Developments in environmental, social and governance (ESG) will also drive demand for legal professionals in compliance.

The four most in-demand careers in human resources include labour law compliance, human resources information systems, compensation and benefits as well as organisational design.

On the legal front, the top jobs are found in corporate exercises such as mergers and acquisitions, contract management and compliance, corporate secretarial services as well as privacy and data protection, it says.