CFOs in Singapore: If you’ve a tough time hiring, you are not alone as results of a Robert Half survey indicates that 83% of your peers are facing the same issue.
Robert Half said the city-state’s company expansion over the past 12 months is why commercially-savvy financial talent is in high demand.
The recruitment firm said that the results are based on a survey of 150 CFOs in Singapore and half of them are from financial services companies.
More (85%) of CFOs in the country even expect a more challenging scene in talent recruitment in the coming five years, the firm said.
“Digitization, automation and AI initiatives are placing additional pressure on financial employers to recruit technologically-adept candidates,” said Matthieu Imbert-Bouchard, Managing Director of Robert Half Singapore. “Combined with new regulations and the skills shortage, finance leaders are struggling to find the talent they need to face commercial challenges in 2019.”
Within this hiring climate, talented financial candidates within the areas of risk, auditing, financial and client management are particularly in high demand as financial institutions and private banks continue to expand their footprint across Asia, Robert Half pointed out.
Meanwhile, the rise of e-payments is creating strong demand for accountants and credit controllers who are able to efficiently streamline strategic responsibilities for businesses, the recruitment firm added.
The newly-released 2019 Robert Half Salary Guide has also identified the top 10 finance positions in demand in Singapore for 2019 and their respective salaries.
Top 10 finance positions in demand in Singapore for 2019
Source: 2019 Robert Half Salary Guide (Salary figures represent gross yearly starting salaries.
Bonuses, incentives, and other forms of remunerations are not taken into account.)
Robert Half: How to use the salary percentiles
Source: 2019 Robert Half Salary Guide