โAs renewable energy development in the Asia Pacific expands to meet its growing energy requirements and carbon neutral targets, the demand for skilled expertise is also rising.
While compensation is a key factor in the hiring and decision-making process, both for hiring managers and professionals, there is little information available around current market standards.
Thatโs why LVI Associates has surveyed nearly 600 renewable energy professionals across APAC to bring you a new report for 2024, containing exclusive benchmarks on the following aspects of compensation for energy storage, offshore wind, onshore wind, and solar professionals in the region:
Base salaries
Salary increases
Bonuses & sales commissions
Benefits
Annual & parental leave entitlements
Flexible working allowances
In addition, the report explores what motivates renewable energy professionals in their career decisions right now, including the top reasons for wanting to leave their current company and join a new firm, the pay increases they are looking for in their next role, and how flexible working would impact their choice to accept a role.
Key findings include:
28% of energy storage respondents said they received a commission or sales bonus worth 16-20% of their base salary in the last year
70% of offshore wind professionals said they have received a pay rise within the past 12 months
73% of solar professionals revealed they could work remotely at their current company
Also featuring insights and advice from our APAC market experts, this report contains unmissable information for hiring managers looking to optimise their compensation packages, and for renewable energy professionals considering their career options.
Download your copy of LVI Associatesโ APAC Renewable Energy Compensation Survey Report here:
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