Monroe Indonesia - Salary Guide 2024

Indonesia Talent
Market Report
MARKET OVERVIEW | HIRING TRENDS | SALARY GUIDE
Indonesia Talent Market Report 2024
Table of Content
Introduction 1
Technology 21
Market Overview 2
Professional Services 25
Consumer Goods 5 About Monroe 29
Health 9 Our Services 31
Industrial 13 Contact 32
Energy 17
Introduction
As we reflect on the hurdles encountered in the latter half of 2023, it becomes apparent that the market
underwent a period of stagnation. The prevailing uncertainties on both political and economic fronts
understandably prompted a cautious approach across various industries.
Nevertheless, as we enter the new year, encouraging signs emerge on the horizon. Some businesses
have initiated the revitalization of their processes, signaling a positive shift in momentum. Despite these
positive developments, we acknowledge that lingering uncertainties continue to cast a shadow over
the business landscape.
Realistically, we anticipate a cautious first quarter in 2024, with businesses adopting a careful stance in
the face of prevailing uncertainties. It is only natural for such circumstances to evoke a sense of
consternation among industry players. However, maintaining an optimistic outlook, we foresee a
gradual improvement in the market as we progress through the year.
Our commitment to delivering invaluable insights remains unwavering. We recognize the crucial role of
information in supporting strategic decision-making during times of uncertainty. Rest assured, we are
dedicated to providing the support and expertise necessary to navigate the current environment
successfully and position ourselves for success in the latter half of 2024.
As always, open lines of communication are pivotal in times of change. We welcome any insights or
concerns you may have as we collectively navigate these dynamic conditions. Let us collaborate to
transform challenges into opportunities and establish a solid foundation for a successful year ahead.
Whether you are an employer seeking hiring assistance or an individual exploring an exciting career
path, our team at Monroe Consulting Group Indonesia is ready to support you. Leveraging our industry
expertise and extensive connections, we can help you seize new opportunities or find exceptional
candidates. Reach out to us today, and let us empower your hiring or job search journey.
Thank you for your continued partnership. We eagerly anticipate the opportunities and growth that
2024 undoubtedly holds.
Tina Nugraheni
Managing Director
E: agustina.nugraheni@monroeconsulting.com
Indonesia Talent Market Report 2024 | 01

Market
Overview
A look back
Indonesia Economic Shifts
Consumer
Goods While the world economy entered 2023 with optimism, global events have since cast a shadow of
uncertainty. Banking collapses, the Eurozone recession, and persistent high-interest rates paint a
in 2023...
picture of potential turbulence. However, Indonesia's remarkable economic recovery continues,
showcasing a 5.03% YoY GDP growth in Q1 2023 and steady progress in sectors like transportation,
Health
tourism, and investment. Despite this domestic stability, Indonesia is not immune to external
factors, and potential global economic weakening remains a challenge. Therefore, the growth
projection for Indonesia in 2023 remains slightly conservative at 4.8%, reflecting both the country's
resilience and the need for cautious navigation amidst global changes.
Industrial
Echoing global trends,

Monroe Consulting Group recently surveyed all of our candidates in Indonesia to determine how their
Energy
Indonesian employees' work has changed in 2023, from salaries to technology. We want to know what is impacting their world of
expectations are rising: work. As a result, we received more than 3,000 responses, allowing us to identify some key market trends.
Technology
Beyond the paycheck:

Uncompetitive salaries are just one piece of the puzzle. Lack of
What are the main drivers for candidates
promotional opportunities, poor management, and negative to seek a new role?
Professional culture also drive talent away, emphasizing the need for holistic
Services
employee engagement strategies.
An uncompetitive salary
A Tight Talent The Great Resignation continues: Lack of promotional opportunities
Market Driven
About While job satisfaction exists, nearly Poor management style
Us
60% are actively seeking new
Negative workplace culture
by Rising opportunities and 44% are planning

to look for a new job in the job in the Lack of new challenges
Our
Services
ExpectationS next 12 months, highlighting a restless
and mobile workforce.
Poor training and development
Poor work/life balance
Compensation climbs the ladder: Lack of additional benefits
Expecting raises upwards of 10%, employees are prioritizing Lack of flexibility

financial rewards, putting pressure on employers to offer 0% 2% 4% 6% 8% 10% 12% 14%
Contact competitive packages and transparent salary progression plans.
Contact Us

Market
Overview
Work-Life Remote work isn't going anywhere: Work-life balance isn't a perk, it's a priority: Moving
Harmony:
The flexibility it offers remains highly beyond just physical location, employees seek a
valued, even with a majority open to healthy balance between professional demands and
Consumer
Flexibility Takes
Goods some in-office presence. Hybrid personal well-being. Companies must prioritize
models are likely to become the norm. initiatives that support this balance.
Center Stage
Health
Beyond the bottom line: Company culture and of respondent feel that it
a strong sense of purpose are increasingly is important to feel
91%
Industrial
influential in attracting and retaining talent. connected to your
Culture Counts: With 91% of employees who seek meaning and

alignment with their values in their work.
organisation's purpose
Energy
Purpose and
Values Attract Sustainability steps onto the scene: of respondent feel that it’s
important for organisation
and Retain
Environmental consciousness becomes a
to have a clear
79%
differentiator, with a majority valuing a
Technology environmental and
company's commitment to sustainability.
sustainability strategy
Professional
No
Services The future is AI-powered: Employees see the 3%
potential of AI to enhance capabilities and create Do you believe

new opportunities, but concerns about job organisations should
Maybe,
25%
About The AI displacement and ethical implications linger. invest in upskilling

Us employees to prepare
transformation: Transparency and ethics matter: Addressing them for the changing
concerns about AI bias, data privacy, and demands of an AI-
Opportunities responsible use is key to building trust and integrated workplace?
Our fostering employee acceptance of this emerging
Services
and Anxieties technology. Yes
72%
Upskilling becomes essential: To thrive in the AI

era, employees need to continually upgrade their Yes, upskilling is essential to remain competitive in an AI-driven world
Maybe, it depends on the specific roles and the potential impact of AI
Contact skills. Robust upskilling and training programs No, AI will replace jobs, and upskilling may not be effective
Contact Us
become crucial for employers to invest in.

Market
Overview
Indonesia Market Outlook
Economic resilience remains the hallmark of Indonesia, with projected growth at 4.9% over 2024-2026. While slightly
dipping from this year's 5%, the economy continues to defy headwinds with declining inflation, a stable currency,
and strong domestic drivers.
What can
Consumer
Goods
Private consumption takes centre stage as the primary growth engine in 2024, while business investment and public
spending rise due to ongoing reforms and government projects. Inflation cools to 3.2%, comfortably within Bank
Indonesia's target, thanks to easing commodity prices and normalized domestic demand.
Health
we expect However, challenges remain. Lower commodity prices and weaker global growth dampen goods exports,
highlighting the need for diversification. The pandemic's lingering scars, evident in labour markets and productivity,
in 2024?
call for continued reform efforts to remove efficiency bottlenecks and spur competitiveness. Downside risks lurk
externally, with higher global interest rates and geopolitical uncertainties potentially stifling growth and borrowing.
Industrial Despite these concerns, Indonesia's proven track record in navigating shocks offers optimism.
The World Bank emphasizes the importance of building on strong fundamentals to achieve faster, greener, and
more inclusive growth. Accelerating reforms, creating better jobs, and embracing a sustainable path are crucial for
Indonesia to realize its vision of becoming a high-income nation by 2045.
Energy
Technology
Key trends An increasing focus on
technical skills
Flexible working
will continue to be
that will shape Technical proficiency, especially in
data-driven processes and AI, is
a top priority
Flexibility remains a top priority
the workplace
Professional becoming a crucial hiring criterion. despite encouragement to return to
Services 45% of respondents received offices. Companies that focus on
technical job-related training in flexible work options, competitive
in 2024
2023, highlighting a growing compensation, and work-life balance
emphasis on technical expertise. are more likely to attract top talent.
About
Us
AI will continue to Cultivate a purpose- Skill-based hiring

reshape work & hiring driven culture will take the lead
Our
Services The influence of AI on the A clear company purpose serves Skill-based hiring is on the rise,
workplace will continue to as a powerful attractor for talent, valuing specific skills and
change how people work and as individuals increasingly practical expertise. Employers
how hiring processes unfold. search for workplaces aligned prioritize tangible contributions
However, opinions on its future with their values. and job-ready skills over
impact may remain divided. traditional qualifications.
Contact
Contact Us

Consumer
Goods
1
Market
Consumer
Overview
Indonesian consumer markets, grappling with record-high inflation, are witnessing a

remarkable shift in behavior. Despite economic challenges, consumers display resilience by
actively reshaping purchasing habits, favoring value-conscious choices, and exploring new
Goods
Consumer
Goods
channels like online platforms. This trend extends to diverse categories, including on-the-go
snacking and pet food, highlighting the market's potential. Understanding these shifts
enables brands to unlock opportunities in this dynamic and resilient landscape
Health
Key Trends Shaping The Sector

Industrial
Shifting Sands Diversification is King Beyond Jakarta Innovation is Lifeblood A Two-Track Approach
Energy
Traditional categories like food The future lies in catering to both

Consumers are navigating rising Brands that dare to innovate,
Technology and personal care are adapting Growth isn't just confined to value-conscious shoppers and
prices through smarter offering new flavors, sizes, and
to changing preferences, with on- major cities. Regional expansion those seeking premium
shopping, opting for cheaper functionalities, are winning over
the-go snacks and health- of minimarkets and growing local experiences. Offering affordable
brands, embracing omnichannel consumers. This focus on
focused options seeing a rise. tourism in Bali and beyond indulgences and expanding
options, and cooking more at freshness and customization will
Meanwhile, new segments like pet indicate a broader market eager access to high-value products
Professional home. This flexibility is key to the be crucial for long-term success.
food are booming, highlighting for engagement. like imported wines and wagyu
Services market's continued growth. the market's diverse potential. beef are key opportunities.
About
Us
Emerging Data Analysis and Adaptability and Cross-functional

Our Innovation and Product
Skills in
Digital Marketing and E- Collaboration
Services Market Research Resilience: Development
commerce
Proficiency in analyzing The capacity to adapt to Developing innovative Effective collaboration with
Mastering digital
market data and changing market products and features, teams across different
marketing and e-
Demand
understanding consumer conditions and remain along with the ability to functions, such as
commerce strategies is
trends is essential for resilient in the face of adapt to changing marketing, sales, and supply
crucial as online channels
making informed challenges is crucial for consumer preferences, is chain, is essential for a
Contact continue to grow.
decisions and adapting long-term success. key to staying competitive. comprehensive approach to
Contact Us
strategies. market changes.
Indonesia Talent
Indonesia Market
Talent Report
Market 2024
Report | 01
2024 | 06
Market
Overview Hiring trends for 2024 High Demand Roles in 2024
Consumer
The Rise of Agility Contract job Data Analysts, Market Researchers, and
Business Intelligence Specialists
Goods
- Temporary popularity E-commerce Specialists
Product Managers and Innovators
workers In the current job market, Supply Chain and Logistics Managers
contract work is becoming Digital Marketers and SEO Specialists
Companies recognize the popular among job seekers for
Health value of temporary workers for Consumer Behavior Analysts
its steady income, skill-
their cost-efficiency, reduced Omnichannel Strategists
building opportunities, and
administrative burdens, and Sustainability and CSR Specialists
flexibility. Remote options and
flexibility to adjust workforce flexible schedules align with Risk Managers
size based on demand. This personal goals, and contracts Leadership and Change Management
Industrial aligns with the trend towards may lead to permanent roles Professionals
agile workforce strategies. for long-term stability.
Demand for new services

Recruitment Insights
Energy
Clients have an increased appetite for talent mapping

and contracting.
Technology
Thorough Evaluation Process: Companies are taking more time in the recruitment process,
involving multiple interview rounds and regional stakeholder inclusion for informed, lower-risk Benefits of Talent Mapping:
hires aligning with organizational values. Strategic Workforce Planning: Talent mapping
assists clients in planning for future staffing needs
and identifying critical roles, ensuring they have the
Professional right talent available when needed.
Services Efficient Recruitment: Talent mapping streamlines
Hiring Process Timeline: The recruitment process takes 53 days, emphasizing a comprehensive
recruitment efforts by creating a pool of pre-
candidate selection approach, and it takes 68 days to fill a position, highlighting the need for
qualified candidates, saving time and resources in
advanced planning.
the hiring process.
About Adaptation to Market Changes: In a dynamic
Us business environment, talent mapping allows for
Employee Retention Practices: Companies are increasingly retaining employees post-
rapid adjustments to market changes and
resignation for reasons like cost savings, maintaining organizational knowledge, ensuring
workforce needs.
business continuity, fostering a positive workplace culture, addressing skills shortages, and
Regulatory Compliance: Talent mapping providers
enhancing employee engagement.
often handle legal and regulatory compliance,
Our
Services
ensuring clients meet employment and labor laws.
Salary Insights - Flexi Benefits on the Rise: Companies are offering flexible benefits as part of
the total Compensation and Benefits (C&B) Package, allowing employees to customize their
benefits package based on individual needs.
Contact
Contact Us
Indonesia Talent
Indonesia Market
Talent Report
Market 2024
Report | 01
2024 | 07
Market
Overview
Consumer
Consumer Goods Salary Guide
Goods
Years Function Minimum Salary Maximum Salary Median Years Function Minimum Salary Maximum Salary Median
Health Commercial Rp6.000.000 Rp45.000.000 Rp18.000.000 Commercial Rp11.208.000 Rp135.000.000 Rp80.000.000
Finance Rp5.000.000 Rp39.000.000 Rp15.000.000 Finance Rp23.000.000 Rp125.000.000 Rp84.000.000
3-5 years HR and Legal Rp8.000.000 Rp40.500.000 Rp19.000.000 13-15 years HR and Legal Rp27.500.000 Rp120.000.000 Rp79.000.000
Industrial
Operation Rp5.500.000 Rp38.000.000 Rp17.000.000 Operation Rp23.500.000 Rp128.000.000 Rp77.000.000
Tech Rp5.500.000 Rp41.000.000 Rp23.000.000 Tech Rp22.000.000 Rp125.000.000 Rp85.000.000

Energy
Commercial Rp8.000.000 Rp65.000.000 Rp35.000.000 Commercial Rp20.000.000 Rp160.000.000 Rp99.000.000

Technology

Professional
Services Tech Rp5.000.000 Rp59.000.000 Rp35.000.000 Tech Rp25.000.000 Rp151.000.000 Rp108.000.000
About
Us
Above 21
9-12 years HR and Legal Rp10.500.000 Rp85.000.000 Rp44.000.000 HR and Legal Rp30.000.000 Rp205.000.000 Rp120.000.000
years
Our Operation Rp5.000.000 Rp83.000.000 Rp40.000.000 Operation Rp33.000.000 Rp211.000.000 Rp125.000.000

Services
Please Note: Salary ranges in this report are approximate (minimum to maximum) for each category, without specifying job titles or levels. Readers should use this as a reference,
Contact
considering factors like industry, company size, and location. The salary figures provides a broad overview and may not cover the complete range of roles within each category.
Contact Us
Indonesia
IndonesiaTalent
TalentMarket
MarketReport
Report2024
2024| 01
| 08
Health
1
Market
Overview
Health
The healthcare sector in Indonesia is undergoing transformative shifts as significant
investments and government policies shape the industry. From digital transformation to
Consumer
Goods innovative healthcare platforms, the sector is witnessing unprecedented development and
growth. Let's delve into the key trends, major announcements, and hiring dynamics that are
redefining the healthcare landscape.
Health

Industrial
Government Initiatives Digital Health Adoption Start-up Growth Investment and growth
Energy
The government is actively expanding A significant emphasis is being placed on Innovative healthcare startups, Notable focus on pharmaceutical
Technology
healthcare services with proposals for a the adoption of digital healthcare exemplified by companies like Halodoc, expansion indicates stability and growth
global health agency and plans to practices, including the digitalization of are attracting international interest. This within the manufacturing sector. Centers
become a regional vaccine hub. hospitals and advancements in the reflects the increasing potential for of excellence in hospital and clinic
Leveraging advanced mRNA technology, pharmaceutical supply chain. This move disruptive and transformative solutions settings are providing patients with
Professional
the country is increasing investments in towards digital health is enhancing within the healthcare sector. focused care, offering business leaders
Services primary healthcare facilities to enhance efficiency and improving patient opportunities to bring the best facilities,
education, prevention, and early detection. outcomes. human resources, and services.
About
Healthcare Administration Knowledge High Demand Roles in 2024
Emerging
Us
Hard Strategic Planning and Decision-Making
Skills Financial Management
Quality Improvement Methodologies
Skills in
Our Head of Nurses/Nurse Manager.
Services Hospital Director/Chief Executive
Leadership and Team Management Officer (CEO)
Demand
Communication and Interpersonal Skills
Healthcare Financial Analysts
Soft Problem-Solving and Critical Thinking
Patient Services Managers
Adaptability and Change Management
Contact
Skills Ethical Decision-Making: Project Managers
Contact Us
Strategic Relationship Building Business Development/Sales Leader
Project Management

Market
Overview Hiring trends for 2024
Consumer
Expanding Increase Regulatory
Goods
Healthcare demand for Changes
workforce tech skills Policy changes emphasizing
With Indonesia's commitment supportive regulations, funding
As the industry continues to
Health to accessible healthcare and mechanisms, and effective
shift towards digital health and
proposals for a global health governance for health platform
technology, there is a rising
agency, there is potential for integration may impact hiring in
demand for tech-savvy
increased hiring in various regulatory and compliance roles
professionals specializing in
healthcare-related sectors, within the healthcare sector,
healthcare technology and
offering opportunities for where professionals navigate
Industrial data management.
professionals in diverse roles. evolving regulatory landscapes
Energy Demand for new services

Recruitment The hiring process in regions like Indonesia often
includes additional layers of regional or local approval,
significantly extending timelines compared to
Insights
Clients have an increased appetite for Recruitment Process
centralized decision-making.
Technology Outsourcing (RPO).
Benefits of RPO:
Expanded Talent Pools

Professional Achieve cost savings
Services Greater flexibility and scalability
Ensuring compliance and mitigating risk
Regional client approval considers cultural alignment, local regulations, language
Keep up with emerging trends and best practices in talent
proficiency, regional market knowledge, and the involvement of multiple stakeholders.
acquisition
About Better insight through analytics
Us Enhanced speed of hire
Improved workforce diversity
Local company preferences in Indonesia involve relationship building, thorough

evaluation, hierarchical decision-making, and a preference for stability and loyalty.
Our
Services
Both cases underscore the importance of careful evaluation to align candidates with
specific regional or local requirements, ensuring culturally attuned hiring decisions.
Contact
Contact Us

Market
Overview
Consumer
Health Salary Guide
Goods
Health Commercial Rp5.000.000 Rp12.000.000 Rp1.000.000

Commercial Rp38.000.000 Rp60.000.000 Rp51.000.000
Finance Rp7.000.000 Rp15.000.000 Rp12.000.000

Finance Rp45.000.000 Rp70.000.000 Rp63.000.000
3-5 years HR and Legal Rp5.000.000 Rp12.000.000 Rp9.000.000

Industrial 13-15 years HR and Legal Rp45.000.000 Rp65.000.000 Rp57.000.000
Operation Rp5.000.000 Rp12.000.000 Rp9.500.000

Tech Rp8.000.000 Rp15.000.000 Rp12.500.000

Tech Rp50.000.000 Rp70.000.000 Rp65.000.000
Energy

Finance Rp12.000.000 Rp20.000.000 Rp17.000.000

Finance Rp70.000.000 Rp110.000.000 Rp97.000.000
Technology

Professional
About
Us
9-12 years HR and Legal Rp17.000.000 Rp40.000.000 Rp29.000.000 Above 21 years HR and Legal Rp85.000.000 Rp150.000.000 Rp125.000.000

Services
Contact
Contact Us

Industrial
1
Market
Overview
Indonesia's economy is surging, with booming sectors like EVs, construction,
and Industry 4.0 creating high demand for talent, especially in operation,
Industrial
commercial, and engineering roles. While remote work and contract-based
Consumer
Goods hiring are on the rise, finding skilled candidates remains a challenge for many
companies. By capitalizing on Indonesia's growth and understanding its
unique hiring landscape, companies can secure the talent they need to thrive.
Health

Industrial
Automotive & Electric Engineering & Manufacturing Industrial Estate & Chemical & Plastics
Vehicle Construction Property
Energy
With a projected CAGR growth The Indonesia Construction Government's Industry 4.0 The Industrial Estate sector will Chemical and Plastics will
Technology rate of 20.9%, Indonesia's EV Market is anticipated to grow initiative aims to enhance the expand with growing increase as the demand from
market is expected to reach US$ from USD 264.34 billion in 2023 to industrial sector, with a focus on manufacturing demand and other industries is high, especially
2 billion by 2029. The automotive USD 379.41 billion by 2028, with a key areas like cement, new factory investments in major automotive, F&B, healthcare, and
and EV will boost the hiring 7.50% CAGR. This expansion will petrochemical, automotive, and cities across Java and Sumatra. electronics. This industry will
demand in commercial and drive demand for commercial F&B. Emphasizing automation Property development, especially continue to grow with the new
Professional operation roles. and operational roles in the and advanced technologies for residential projects, will receive a policy related to environmentally
Services improved production, efficiency, boost to support the industrial
building materials, engineering, friendly plastics and recycled
and construction sectors. quality, and cost savings. estate area. plastics.
About Key Roles in Demand for 2024
Emerging
Us
HR & Legal
15%
Skills in
Our Operations
Services 35%
Demand
Finance
R&D and project 20%
Industrial automation
Design and mechanical
skills are critical for the management skills play a
skills are in demand due to
manufacturing sector's pivotal role in chemical and
Contact the Electric Vehicle market.
progression. plastics.
Contact Us
Commercial
30%

Market
Consumer
Remote Contract Flexible work
Goods
working hiring arrangements
Remote working is gaining ·Contract based hiring is Clients, especially multinational
traction in industries like applied to some clients in the companies with regional
Health building materials, industrial estate, engineering employeers in Singapore and
chemicals, and plantation, and construction sector, Malaysia, provide flexible working
particularly for sales roles in especially for the operation hours and hybrid arrangements.
major cities and remote area role with the specific project Additionally, some offer relocation
such as Jakarta, Surabaya, timeline support, including housing near
Medan, or Kalimantan area. industrial sites, for new hires from
Industrial
different cities or locations.
Energy
Technology
Business case & presentations: Average Time to Placement:
Becoming common for senior 2-3 months for the candidate to sign the offer, plus 1-
roles to assess problem-solving 2 months notice period (depending on level) before
and communication skills. joining their new job.
Professional
Services Salary Trend:
Online technical tests:
Average salary increase of 15-25%.
Online technical test is applied
Higher raises (above 25%) are offered for
for some specific engineering
relocations outside Java and highly specialized
role, especially in engineering
About engineering and technical roles (above 30%).
and construction services.
Us
Demand for
Payroll: Multinational companies expanding into Indonesia are seeking payroll support.
specialized
Our RPO: Industrial Estate, Construction and Manufacturing require RPO for on-site project staffing.
services is Talent Mapping: Manufacturers and industrial product companies utilize Talent Mapping for strategic
Services
rising planning and competitor analysis.
Competition: Poaching talent from direct competitors requires targeted recruitment strategies.
Key hiring
Senior roles: Assessing business acumen, problem-solving, and managerial skills in senior
challenges candidates can be complex.
Contact
for clients Technical roles: Implementing effective technical skill tests for engineering and technical positions
Contact Us
is crucial.
1

Market
Overview
Consumer
Goods
Industrial Salary Guide
Health
Finance Rp6.000.000 Rp15.000.000 Rp9.000.000

Finance Rp35.000.000 Rp52.000.000 Rp42.000.000
Industrial 3-5 years HR and Legal Rp7.000.000 Rp16.000.000 Rp10.000.000



Energy

Technology

Professional
Services

About
Us
9-12 years HR and Legal Rp21.000.000 Rp30.000.000 Rp23.000.000 Above 21 years HR and Legal Rp80.000.000 Rp150.000.000 Rp109.000.000
Our
Services Operation Rp24.000.000 Rp35.000.000 Rp32.000.000 Operation Rp80.000.000 Rp175.000.000 Rp140.000.000
Contact
Contact Us

Energy
1
Market
Overview
In Indonesia, the dynamic Energy sector spans Agriculture & Plantation, Mining and metals, Oil
Energy
and gas, Power, Renewable Energy, and Logistics and shipping. Prominent trends feature roster
Consumer work and contract-based hiring, responding to demand in pivotal roles like operations,
Goods
commercial, HR & Legal, and finance. As we embark on 2024, explore the prevailing hiring
trends and sought-after recruitment services in this evolving landscape.
Health

Industrial
Agriculture & Power & Renewable Logistics & Shipping
Mining & Metals Oil & Gas and Services
Plantation Energy
Energy
Technology
Global supply shortages are set Indonesia's oil and gas market is In 2023, Indonesia's coal-fired The Indonesia Freight and
Based on OECD projection,
to boost demand in Indonesia's estimated to reach 676.87 power plants stood at 40.64 GW, Logistics Market, estimated at USD
biodiesel production in
Indonesia will increase to 9.7 bn minerals & coal market. thousand barrels per day by the with 18.84 GW under construction, 112.18 billion in 2023, is projected to
L by 2030 from 8.6 bn L. This will Opportunities arise as large local next five years, with a CAGR of as per the Global Energy Monitor. reach USD 152.54 billion by 2029,
increase the industry sector conglomerates facilitate 1.6%. This sector will contribute This is expected to fuel rising growing at a CAGR of 5.26%.
Professional and hiring demand in palm oil, connections with mining owners significantly to operation roles, hiring demand in the power and Anticipated hiring demand for
Services agriculture and commodity in and contractors for finance, and commercial renewable energy sector, Supply Chain Management (SCM)
Sumatera & Kalimantan. hiring/recruitment plans. positions. enhancing business revenue. roles by 2024.
About
Key Roles in Demand for 2024
Us
Emerging HR & Legal

10%
Our
Services Skills in Finance
15% Operations
40%
Demand
Nickel, Battery Processing, Renewable Energy Skills:
Environmental, Social, and Sustainability and
and Engineering Skills: Anticipated high demand.
Governance (ESG) Skills: Environment Skills: Client
Crucial for smelter operations Transition requires changes
High demand in mining and emphasis on sustainability
and new processing in requirements, skill sets,
metals. Influences mining site impacts hiring. Candidates
technology. Engineers need and talent availability to
Contact operations, emphasizing evaluated for environmental
updated skills to meet meet renewable energy
Contact Us
responsible practices. awareness in interviews.
evolving requirements. expertise needs. Commercial
35%

Market
Overview Hiring trends for 2024 Demand for New Services
Consumer Roster Contract Trend Challenges faced by clients are relocation

challenges, specific certification requirements,
Goods
Arrangement In the Oil & Gas and Engineering
Services sectors, contract-based hiring
and extended roster working arrangements
pose recruitment challenges for clients.
prevails, aligning workforce resources
Roster work arrangements are on
with project timelines for efficient
the rise to meet heightened Recruitment Process Outsourcing (RPO):
utilization of skilled professionals in
Health demand for mining operations in Demand for RPO in mining, oil & gas,
critical roles.
Sumatera, Kalimantan, and engineering & construction, and heavy
Sulawesi. Roster working
The type of the contract (yearly or industry; continued demand for contracting
arrangement will be set up
project phase) will be determined services.
differently based on the specific
based on each company priority and
Industrial role and project on the site
the demand from talent in the market
Energy
Site Assessment: Site visits for mining or project site awareness are now integral to the
Technology
recruitment process. This step assesses the candidate's suitability for handling the project
and determines compatibility with the specific assigned area.
Professional
Services Average Time to Placement:
On average, 2 - 3 months for offer signing, with an additional one to two months for notice period.
About
Us
Online technical tests:
An online technical test is applied for some specific engineering roles, especially in the
mining, power, oil and gas sectors.
Our
Services
Salary Trend:
Average increment between 15% to 25% across sectors. Talent shortage leading to higher
increments for roster-based positions; project-specific certifications influencing salary
increments.
Contact
Contact Us

Market
Overview
Consumer
Energy Salary Guide
Goods
Maximum
Years Function Minimum Salary Median Years Function Minimum Salary Maximum Salary Median
Health
Salary
Industrial
Energy Tech Rp42.000.000 Rp58.000.000 Rp48.000.000

Tech Rp6.500.000 Rp16.000.000 Rp11.000.000

Finance Rp60.000.000 Rp75.000.000 Rp70.000.000

Finance Rp18.000.000 Rp24.000.000 Rp22.000.000
Technology
Professional
Tech Rp60.000.000 Rp72.000.000 Rp64.000.000
Services
Tech Rp15.000.000 Rp25.000.000 Rp19.000.000

About
Finance Rp80.000.000 Rp180.000.000 Rp120.000.000
Us Finance Rp25.000.000 Rp35.000.000 Rp28.000.000
Above 21 years HR and Legal Rp80.000.000 Rp175.000.000 Rp175.000.000


Services
Contact
Contact Us

Technology
1
Market
Overview
The Indonesian technology sector is undergoing dynamic changes in 2023, with key trends
Technology
Consumer
Goods shaping the industry landscape and influencing hiring practices. From the surge in fintech
to the growing demand for cloud computing expertise, let us delve into the major events,
business updates, and key hiring trends in Indonesia's tech industry.
Health
Industrial
Key Trends Shaping the Scene:
Fintech Expansion Cloud Computing Adoption Data Center Investment Post-Pandemic Shifts
Energy
Technology
The fintech industry in Indonesia is There is a significant shift towards cloud Indonesia's tech sector is witnessing While there are still layoffs due to
experiencing remarkable growth, fueled computing adoption, as businesses in substantial progress in data center uncertainties, there's a noticeable shift from
by tech companies pioneering innovative Indonesia transition to cloud-based investment and expansion. Driven by the online shopping and remote work back to in-
financial products and services. This operations. This trend opens up fresh escalating demand for digital services and person activities. Concerns about increasing
Professional surge is contributing to the diversification opportunities for tech companies data storage, this development supports the inflation rates have tempered consumer
Services and expansion of the tech sector. specializing in cloud computing solutions digital transformation of various industries. confidence in spending, impacting the
and services. overall economic landscape.
About
Us
Our
Services Emerging Skills
in Demand Cloud Computing
AWS, Azure, GCP
Artificial Intelligence (AI)
Transformative
Machine Learning (ML)
Enabling machines to
Cybersecurity
Essential to protect
proficiency. technology impacting learn from data without systems and data from
Contact
Contact Us products and services. explicit programming. cyber threats.

Market
Versatile Skill Sets Cloud & Infrastructure Rise in Contract Automation and
Consumer in Demand Expertise Employment Cybersecurity
Goods
Health
Employers are increasingly seeking
With businesses transitioning to Contract employment is on the rise in Automation technologies and
candidates with diverse skill sets and
cloud-based operations, there is a Indonesia, offering flexibility and cost- cybersecurity skills are in high demand,
experiences. There is a growing emphasis
surge in demand for professionals effectiveness for meeting staffing reflecting the need to enhance efficiency
on versatility over specialization, driven
skilled in cloud computing and requirements. and protect digital assets from evolving
by constant innovation and the adoption
Industrial infrastructure. cyber threats.
of new technologies.
Energy
Technology Interview process: There is a growing preference for in-

person interviews, and the recruitment process typically
takes between 3 to 6 weeks.
Professional
Services Technical test: Some clients incorporate technical tests or case
studies to assess candidates' technical proficiencies,
interpersonal abilities, and cultural fit.
About
Us As businesses adapt to the digital era, the demand for diverse skill sets and
Remote Work Options: The pandemic has accelerated the specialized recruitment services is on the rise, ensuring a dynamic and
adoption of remote work, with tech companies offering flexible competitive landscape in the tech industry.
work arrangements. Some are implementing hybrid models to
Our
balance remote work flexibility with in-office collaboration. Businesses face challenges such as skills shortages, time-consuming
Services
recruitment, and evolving technology. To address these issues, many are
turning to specialized recruitment services like RPO, payroll management,
Salary Trends: While salaries are increasing, the growth is and Talent Mapping to streamline hiring processes and enhance overall
moderate compared to pandemic level. The demand for talent acquisition strategies.
Contact
specialized skills may impact salary structures within the sector.
Contact Us

Market
Overview
Technology Salary Guide

Consumer
Goods

Health
Industrial
Energy
Technology 6-8 years HR and Legal Rp18.000.000 Rp39.000.000 Rp24.000.000 16-20 years HR and Legal Rp70.000.000 Rp110.000.000 Rp85.000.000
Professional Tech Rp25.000.000 Rp65.000.000 Rp32.000.000 Tech Rp75.000.000 Rp122.500.000 Rp90.000.000

Services

About
Us Above 21
years

Our
Contact
Contact Us

Professional
Services
1
Market
Overview
Professional
In 2023, Indonesia's banking and financial industry continues to forge ahead, albeit
Consumer at a slightly more measured pace compared to previous years. Global economic
Goods
slowdown, rising inflation, and increasing interest rates pose challenges, but the
Health
Services sector remains resilient and well-capitalized. Let's delve into the key trends, major
updates, and hiring landscape shaping the industry:
Industrial
Key Trends Shaping the Scene:
Digitalization Financial
Fintech Rises
Energy
Takes Center Inclusion
as a Force
Stage Takes Priority
Innovative fintech startups are
Banks are rapidly investing in The government's push for shaking up traditional models,
Technology digital infrastructure and financial accessibility drives offering competitive
solutions, catering to tech- banks to develop products and alternatives and fostering a
savvy customers and services catering to unbanked dynamic financial landscape.
streamlining operations. Expect or underbanked segments like
a surge in demand for digital rural communities and MSMEs.
Professional
banking and fintech expertise.
Services
About
Us
Our
Services Emerging Skills
in Demand Adaptability and agility to
thrive in a fast-paced,
Familiarity with the latest
technologies and coding
Updated certifications in
emerging areas like security
Contact changing environment. languages, especially for and development
Contact Us Gen-Z tech talent technologies.

Market
Types of Contracts Working Arrangements Key Roles in Demand Wage Impact
Consumer
Goods
Health
There haven't been significant The WFH (Work From Home) and WFO .Commercial roles in 2nd tier cities, Offers for technology roles have
changes in contract types, with a (Work From Office) policy has become Product Managers, Risk Analysts, increased by approximately 10% from the
preference for full-time employment. a crucial aspect of job offers. Compliance Officers, and candidate's current salary, showing a
Cybersecurity Experts are highly cautious approach in salary increments
Industrial sought-after. due to market uncertainties.
Energy
Technology Changes in Recruitment Process:

The recruitment process faced initial slowdowns in the
beginning of the year due to market uncertainty but gained
momentum in H2.
Professional
Services Interview Stages Duration: Overall, the Indonesian professional services sector is in a period of
The average recruitment process now takes 3 to 6 months, with transformation. The sector is adapting to new challenges and opportunities,
an initial slow start in H1 and accelerated processes in H2. and it needs professionals with the skills to drive this transformation forward.
Here are recruitment services that are in demand for clients in 2024:
About
Us
New Skill Tests:

Coding tests have been upgraded to align with new technology
implementations, reflecting the evolving market conditions.
Our
Services
Recruitment Process Outsourcing (RPO) Talent Mapping:

Salary Trends: Businesses are leaning towards retained Talent mapping remains crucial,
and RPO services to calculate budgets enabling clients to update their
While salaries are increasing, the growth is moderate due
from the beginning, protecting their databases and stay ahead in talent
to market uncertainties that companies are facing in 2023.
Contact business and budget. acquisition efforts.
Contact Us

Market
Professional Services Salary Guide
Consumer
Goods

Health
Industrial
Energy
Technology
Professional
Services
About Finance Rp85.000.000 Rp220.000.000 Rp105.000.000

Finance Rp34.500.000 Rp90.000.000 Rp58.750.000
Us
Above 21
years

Services
Contact
Contact Us

About Us
1
Who are we, and
Market
Overview
how can we help?

Consumer
Goods
An Empresaria Business
Health
From small beginnings in 2002, Monroe Consulting Group has rapidly expanded into an Monroe Consulting Group is a part of the
award-winning executive search powerhouse across Asia. We connect multinational and Empresaria Busine, operating within the
national companies in emerging APAC economies with the brightest minds, exceeding Professional sector. Empresaria Group plc is a
global specialist staffing group operating in 19
expectations every step of the way.
countries across 6 diversified sectors. As a
Industrial
group, we are focused on continuing to impact
the lives of individuals around the globe, all
while providing exceptional service to clients
and candidates alike.
Energy
Relationships are our lifeblood.
We invest in understanding both client needs and career aspirations, crafting
perfect talent matches that fuel success. Our specialized teams, brimming
with sector expertise, leverage industry-leading technology to deliver
unmatched recruitment services for middle- to senior-level executives.
Technology
Professional Our proven track record in dynamic markets speaks volumes.

Services From navigating complex challenges to exceeding expectations, we've Empresaria Brands
earned the trust of respected players across APAC. Our global network
and local knowledge empower us to tailor solutions to any context,
ensuring a seamless experience for every client and candidate.
About
Us
Our
Services Looking for more than just a placement? We're committed advocates for
your long-term success. At Monroe, we help companies and individuals
alike reach their full potential, forging partnerships that thrive in the ever-
evolving landscape of emerging markets.
Contact
Contact Us

Market
Overview
Unlocking Asia's talent potential.
Monroe Consulting Group isn't just a recruitment agency – we're your talent partners in Asia.
Consumer We tackle workforce challenges in emerging markets with industry-leading technology and
Goods
deep sector expertise. Our specialized teams forge essential business networks, pinpointing the
highest-performing professionals for leading companies worldwide.
Our recruitment services include

Health
Executive Search
Transform your talent search approach, filling crucial talent gaps for executive roles within
Industrial your company that will drive your business forward.
Talent Mapping
Gain a competitive edge by identifying and targeting top talent in your industry.
Energy
Outplacement Support
Provide compassionate and effective career transition assistance to employees who
are unfortunately affected by redundancy.
Technology
Temporary/Contract Recruitment
Quickly and easily fill temporary & contract positions with qualified candidates
Professional
Services Payroll Management
Monroe's Payroll Service ensures timely payments, handles taxes, and prioritizes legal
compliance, freeing you to focus on your core business.
About
Us Recruitment Process Outsourcing (RPO)
Streamline your hiring process with our tailored, end-to-end recruitment offering
which allows you to outsource your day-to-day recruitment functions.
Our
Services
Tailored solutions for every need.

We build partnerships, understanding your business goals and
budget to deliver the perfect fit. Whether it's Executive Search for
Contact Senior Leadership, RPO to streamline your recruitment process, or
Contact Us Outplacement to support workforce transitions, we're there for you.

Market
Overview
Always here to help you

Consumer
Goods
Our expert teams are always on hand to help. If

Health you would like to learn more about how we can
help you find and secure top talent or if you are
seeking your next opportunity, don’t hesitate to
contact us.
Industrial Check out our latest roles, register for job alerts
and upload your CV. Keep up to date with the
industry latest, and see our advice and tips for
hiring and job seeking.
Energy
Technology Visit us at monroeconsulting.com
Professional
Services
Stay in touch with us:

About
Us Indonesia
South Quarter Building Tower C, Level 10,
Jl. RA Kartini Kav. 8, RT 010 RW 004, Cilandak,
Our Jakarta Selatan, DKI Jakarta 12430
Services
T: +62 21 5098 2629

E: indonesia@monroeconsulting.com
Contact
Contact Us

Monroe Indonesia - Salary Guide 2024

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Indonesia Talent

Consumer Goods 5 About Monroe 29

Health 9 Our Services 31

Indonesia Talent Market Report 2024 | 01

Echoing global trends,

Beyond the paycheck:

A Tight Talent The Great Resignation continues: Lack of promotional opportunities

by Rising opportunities and 44% are planning

Poor work/life balance

Compensation climbs the ladder: Lack of additional benefits

Expecting raises upwards of 10%, employees are prioritizing Lack of flexibility

Indonesia Talent Market Report 2024 | 02

Culture Counts: With 91% of employees who seek meaning and

potential of AI to enhance capabilities and create Do you believe

About The AI displacement and ethical implications linger. invest in upskilling

Upskilling becomes essential: To thrive in the AI

Indonesia Talent Market Report 2024 | 03

AI will continue to Cultivate a purpose- Skill-based hiring

Indonesia Talent Market Report 2024 | 04

Indonesian consumer markets, grappling with record-high inflation, are witnessing a

Key Trends Shaping The Sector

Traditional categories like food The future lies in catering to both

Emerging Data Analysis and Adaptability and Cross-functional

Demand for new services

Clients have an increased appetite for talent mapping

Health Commercial Rp6.000.000 Rp45.000.000 Rp18.000.000 Commercial Rp11.208.000 Rp135.000.000 Rp80.000.000

Finance Rp5.000.000 Rp39.000.000 Rp15.000.000 Finance Rp23.000.000 Rp125.000.000 Rp84.000.000

Operation Rp5.500.000 Rp38.000.000 Rp17.000.000 Operation Rp23.500.000 Rp128.000.000 Rp77.000.000

Tech Rp5.500.000 Rp41.000.000 Rp23.000.000 Tech Rp22.000.000 Rp125.000.000 Rp85.000.000

Finance Rp6.086.885 Rp58.000.000 Rp33.000.000 Finance Rp21.652.692 Rp150.000.000 Rp90.000.000

Operation Rp5.200.000 Rp62.000.000 Rp30.000.000 Operation Rp20.300.000 Rp147.000.000 Rp93.000.000

Commercial Rp8.500.000 Rp91.000.000 Rp45.000.000 Commercial Rp30.000.000 Rp235.000.000 Rp140.000.000

Our Operation Rp5.000.000 Rp83.000.000 Rp40.000.000 Operation Rp33.000.000 Rp211.000.000 Rp125.000.000

Tech Rp12.000.000 Rp86.000.000 Rp52.000.000 Tech Rp100.000.000 Rp209.000.000 Rp160.000.000

Key Trends Shaping The Sector

Indonesia Talent Market Report 2024 | 10

Energy Demand for new services

Expanded Talent Pools

Local company preferences in Indonesia involve relationship building, thorough

Indonesia Talent Market Report 2024 | 11

Health Commercial Rp5.000.000 Rp12.000.000 Rp1.000.000

Finance Rp7.000.000 Rp15.000.000 Rp12.000.000

3-5 years HR and Legal Rp5.000.000 Rp12.000.000 Rp9.000.000

Operation Rp5.000.000 Rp12.000.000 Rp9.500.000

Tech Rp8.000.000 Rp15.000.000 Rp12.500.000

Commercial Rp13.000.000 Rp45.000.000 Rp32.000.000

Finance Rp12.000.000 Rp20.000.000 Rp17.000.000

Operation Rp13.000.000 Rp25.000.000 Rp21.000.000 Operation Rp60.000.000 Rp80.000.000 Rp71.000.000

Commercial Rp20.000.000 Rp65.000.000 Rp43.000.000 Commercial Rp125.000.000 Rp180.000.000 Rp155.000.000

Our Operation Rp20.000.000 Rp35.000.000 Rp26.000.000 Operation Rp85.000.000 Rp200.000.000 Rp160.000.000

Tech Rp27.000.000 Rp45.000.000 Rp39.000.000 Tech Rp100.000.000 Rp130.000.000 Rp127.000.000

Indonesia Talent Market Report 2024 | 12

Key Trends Shaping The Sector

About Key Roles in Demand for 2024

Indonesia Talent Market Report 2024 | 14

Indonesia Talent Market Report 2024 | 15

Finance Rp6.000.000 Rp15.000.000 Rp9.000.000

Industrial 3-5 years HR and Legal Rp7.000.000 Rp16.000.000 Rp10.000.000

Operation Rp7.500.000 Rp17.500.000 Rp14.000.000

Tech Rp6.000.000 Rp15.000.000 Rp13.000.000 Tech Rp42.000.000 Rp60.000.000 Rp54.000.000

Commercial Rp9.500.000 Rp20.000.000 Rp12.500.000 Commercial Rp65.000.000 Rp80.000.000 Rp71.500.000

Finance Rp7.500.000 Rp17.500.000 Rp10.000.000 Finance Rp55.000.000 Rp75.000.000 Rp69.000.000

Operation Rp8.000.000 Rp20.000.000 Rp16.000.000 Operation Rp62.000.000 Rp74.000.000 Rp66.000.000