GROUP

NEWS!
MONROE TIMES

I can’t believe it’s already time for another edition of the Monroe Times. Things are
moving so quickly in the group as we continue to expand. All offices are reporting
substantial increases in revenue this year, which reflects the overall business climate of
Asia. Monroe Indonesia is leading the way as the recruitment market heats up.

At group level I am pleased to announce we have just finished the final paperwork on a
new office location in Singapore. We are currently in the fit out stage and will move in to
our new offices on December 1st. We will be announcing the appointment of a new MD
soon so make sure you follow us in Twitter or Facebook to find out who will be in charge
of our Singapore operations.

In addition to the developments in Singapore we also launched the new Monroe

website, which completes the facelift of our marketing and branding material. We have
received some amazing feedback from both companies and candidates alike. If you
haven’t yet seen our site please visit www.monroeconsulting.com

Moving away from regional news, I would like to focus on the year to date results for
Monroe Consulting Group Indonesia. The number of new job assignments picked up this
year increased by 10%, with the number of CV’s sent to these jobs increasing by 11%.
The interview activity has risen by 21% and the number of people placed in new
positions has increased by 57%. These numbers tell us that our team is getting better at
their jobs as they are converting far more job orders in to placements. It also tells us that
the companies we work with are far more committed to the recruitment process than
they were last year.

Whilst it may seem like a very strange statement to make, I believe the global economic
crises has had a positive effect on Indonesia and the Indonesian job market. There is now
a steady flow of foreign investment coming in to Indonesia and we are seeing many new
medium sized Multi-National Companies enter in the market for the first time. This
increased demand for senior level talent has led to one of strongest candidate driven
market places I have seen for quite some time.

Kind Regards,

Andrew Hairs
Regional Director
 Feedback Centre
Receiving feedback from the people who use our service has always
been very important to us. We know we are not perfect but it is
important for us to keep chasing perfection in everything we do. One
of the tools we use to understand our strengths and weaknesses is our feedback center,
where candidates and companies who engage our service can tell us about their
experiences. The initial feedback received has been encouraging. I would like to share with
the you the results of our candidate feedback from last month:
TIMES

Question Result
How would you rate the accuracy of the information provided to 4.0 (Above Average)
you?
MOROE TIMES

How would you rate our ability to understand your career goals 4.0 (Above Average)
and objectives?
How well did we follow up and keep in touch during the course of 4.5 (Above Average – Excellent)
the recruitment process?
Overall, how would you evaluate the service provided in relation to 4.0 (Above Average)
this position?
If applicable, how did our service compare with that of
MONROE

4.0 (Above Average)

competitors?

We ask all respondents to rate us from 1 to 5, with 3 being average. These results are very
pleasing, especially when you consider the only respondents we had were from applicants
who were processed but not placed in a new position.

Connecting with Social Media

Monroe Consulting Group recently launched its Social
Media presence give us deeper penetration of the talent
pools of Southeast Asia. We now have presence on
LinkedIn, Facebook and Twitter and would like to ask
everybody to connect with us so we can follow your career,
while you track our developments. Click on any of the
following links to connect:

Twitter Facebook LinkedIn

 Industry News

The war of affordable mobile internet connectivity and the CDMA market seems to be the most
heated. The new Smartfren product has recently been launched and shows signs of being
serious competition to BTEL. Having said that if the government approves the merger of Telkom
Flexi and Esia, then they will be up against and even stronger competitor. The Technology team
believe the battle between these two operators for market share will lead to a battle for talent
as well. The I.T market is being strongly driven by all things internet related. Digital Media is
where most of the activity seems to be focused with many candidates in the market wanting to
take their careers in this direction. Our team expect a big influx of new foreign companies and
an increase in the number of new local companies in this area. Facebook, Yahoo, Google and
Multiply all lead the charge to Indonesia.
MONROE TIMES

Hot Jobs

Job Title Location Salary Industry

Country Manager Jakarta 30 – 40 million Online Media

Server & Tools Marketing Lead Jakarta 50 – 60 million IT

Enterprise Marketing Lead Jakarta 50 – 60 million IT

Learning & Development Manager Jakarta 20 – 30 million IT

Business Consultant Jakarta 20 – 30 million IT

Regional Business Development Jakarta 20 – 30 million Telco

GM Learning Development Jakarta 30 – 40 million Telco

Pre Sales Manager Jakarta 20 – 25 million Telco

Internal Audit Manager Jakarta 20 – 30 million Telco

Revenue & QoS Manager Jakarta 20 – 25 million Telco

Business Group Lead Jakarta 50 – 60 million IT

VAS Planning & Program Management Jakarta 20 – 30 million Telco

VP Sales Jakarta 20 – 30 million Online Media

Distribution Manager Jakarta 20 – 25 million Telco

Email: Technology@monroeconsulting.com
 Industry News

The Consumer goods sector continues to perform well. We have recently seen a strong increase
in demand from Logistics companies, which is a good reflection of the whole market expansion.
The demand is growing so fast that the Consumer Goods Division have just hired an additional
consultant to focus on the logistics sector. Most companies in this sector are currently enjoying
double digit growth and are expecting the same growth rates for next year. Acquisition news
focuses on Reckitt Benckisers purchase Durex condom maker SSL International Plc. We are
seeing many companies bring new product lines to Indonesia at the moment which increases
the already strong demand for Marketing and Sales as companies compete to build teams to
support these new product ranges.
MONROE TIMES

Hot Jobs

Job Title Location Salary Industry

GM Operation Jakarta 40 – 50 million Retail
Finance Controller Jakarta 30 – 40 million Consumer Electronic
Head of Marketing Jakarta 40 – 60 million Consumer goods
Head of Trade Marketing Jakarta 50 – 60 million Consumer Goods
Head of Finance Jakarta 40 – 60 million Pharmaceutical
Finance & Accounting Manager Jakarta 20 – 25 million Consumer Electronic
Business Process Reengineering Jakarta 30 – 50 million Tobacco
Market Insight Manager Jakarta 20 – 25 million Pharmaceutical
Hand Held Phone Director Jakarta 70 – 100 million Consumer Electronic
Marketing Manager Jakarta 25 – 30 million Consumer Goods
Healthcare Care Compliance officer Jakarta 30 – 40 million Consumer Goods
Commercial Controller Jakarta 25 – 30 million Consumer Goods
Country Head of Supply Chain Jakarta 30 – 40 million Logistic
Regional Sales Manager Jakarta 25 – 30 million Consumer Goods

Email: ConsumerGoods@monroeconsulting.com
 Industry News

There is a lot of activity in the insurance sector at the moment. Two global giants are entering
the Indonesia market: SWISS insurer Zurich Financial Services (re)-entering Indonesia life
insurance market with an agreement to buy 80% of Indonesian firm PT Mayapada Life, while
Aviva (currently Europe's fourth-largest insurer) are entering by buying a 60% stake in
Indonesian insurer PT Asuransi Winterthur Life. Banking is still a very competitive sector for
talent. In the previous edition I mentioned Sampoerna Bank which was meant to launch in July
2010 as Bank Umum Syariah. This has been postponed as BI requested they change their special
purpose vehicle (SPV) to a local one. They will now be taking an 85% stake of Bank Dipo for this
purpose. One worrying trend for the banking sector at the moment is the growing disparity in
MONROE TIMES

the compensation and benefits ratio between the highest paid employee verses the lowest paid
(reported to be 171 times more). While some are claiming the increased earnings of senior level
banking professionals is being driven by head-hunters, the reality is it is being driven by banks
competing for talent in a candidate short market.

Hot Jobs

Job Title Location Salary Industry

Project Manager – Senior Manager Jakarta Up to 45 million Consulting
Enterprise Risk Management Jakarta Up to 45 million Consulting
Talent & Organization Performance Jakarta Up to 45 million Consulting
Strategy – Consultant/Manager Jakarta Up to 35 million Consulting
Project Manager for Treasury (AVP) Jakarta Market rate Banking
SME Chief Credit Officer Jakarta Up to 60 million Banking
CFO Jakarta Market rate Banking
Head of MIS & Reporting (SVP) Jakarta Market rate Banking
Deputy Head of Credit Review (SVP) Jakarta Market rate Banking
Finance, Planning & Quality (SVP) Jakarta Market rate Banking
Corporate Communication (SVP) Jakarta Up to 100 million Banking
Head of Segment Jakarta Up to 70 million Banking
Head of Product Management Jakarta Up to 60 million Insurance
Compliance Director Jakarta Up to 50 million Insurance
Head of HR Jakarta Up to 50 million Insurance
Head of Corporate Finance Jakarta Up to 60 million Asset Management

Email: Banking@monroeconsulting.com
 Industry News

Some excellent results from our Industrial Division indicate a continuing strong recovery for this
sector. The oil and gas market is being helped by projects in Sulawesi and the Timor Sea. Both
projects will contribute significantly to the government and the labor market in general. The
need for energy specialists from both projects is expected to attract the interest of engineers
who currently work in the Middle East as well as increasing local demand. From the
petrochemical sector, the merger between Try Polita and Chandra Asri petrochemical has made
Chandra Asri Petrochemical Tbk the largest petrochemical company in Indonesia. The
Automotive Industry is becoming one of the significant growth sectors. The new industrial
regulation launched by the Indonesian government allowing parts suppliers to start their
production in Indonesia has had a positive impact. This growth will significantly boost the
MONROE TIMES

employment opportunities in this industry. The Indonesian Power Industry sees the finalization
of the split of Areva T&D and makes for stronger competition amongst the biggest player. The
talent war is inevitable and will push companies in this sector to develop new talent.

Hot Jobs

Job Title Location Salary Industry

President Director Kalimantan 60-70 million Coal Mining

Vice President Director Kalimantan 40-50 million Coal Mining
Branch Manager (Expatriate) Kalimantan USD 7 – 10K Mining Services
Civil Engineer KL 30-45 million Coal Mining
GM Finance and Accounting Balikpapan 25-35 million Port and Marine
Branch Sales Manager Medan 20-30 million Power
HSE Manager Purwakarta 25 million Manufacturing
Sales Manager Jakarta 25-30 million Automotive
CFO Jakarta 35 million Construction
HR Recruitment Advisor Jakarta 25 million Oil and Gas
HR Reward Adviser Jakarta 25 million Oil and Gas
GM Operation (port) Penajam 40-45 million Port and Marine
Geologist Manager Kalimantan 25-35 million Coal Mining

Email: Industrial@monroeconsulting.com