The overall majority (89%) of Hong Kong businesses are confident they can teach the skills needed to respond to digital transformation and automation, said recruitment firm Robert Half.
The top three skills needed by finance professionals to keep pace with digitization are data forecasting (43%), financial analysis (38%), and data analysis (36%), according to the results of the recruitment firm’s survey of 150 CFOs in Hong Kong.
Outside the top three, financial reporting (34%) and financial decision-making (30%) are also seen as skills required.
According to the survey, the top methods of professional development adopted by employers in Hong Kong include:
- external training (55%)
- internal training (37%)
- working with industry bodies (29%)
- encouraging employee membership of professional finance bodies (26%), and
- job rotation (23%)
“With digitization and automation set to change the face of the financial industry, no workplace is going to look the same in 10 years,” said Adam Johnston, Managing Director of Robert Half Hong Kong. “The benefits of disruptive technology in the sector are already being felt, such as cloud technology, fraud detection and innovative interfaces designed for enhanced customer experience.”
It’s essential that training and professional development programs are an integral part of a company’s long-term strategy to equip their staff with the skills of the future, he advised.