Singapore's finance job outlook 2014. A bit bleak...
http://news.efinancialcareers.com/sg-en/15...s-in-singapore/Interestingly, the Hudson survey shows that more than two thirds of employees are either actively or passively looking for another job, and eight out of ten expect to make a move this year. The biggest motivator remains money, but the survey also revealed that Singapore workers are dissatisfied with the quality of management leadership. Two in five of employees surveyed rated their manager as ‘average’, ‘poor’ or ‘very poor’.
In accounting and finance, the survey revealed a number of key trends:
- Business partnering finance professionals are still in high demand, and candidates proficient in audit, compliance and risk are also highly sought after.
- Hudson’s top two most recruited accounting and finance roles for 2013 were internal auditors, and financial planning and analysis. “There is a strong demand for junior and mid level positions in these fields. Most in-demand skills include internal audit, mergers and acquisitions, corporate finance and financial analysis.”
- There are fewer opportunities for senior candidates. Many companies now prefer to keep headcount and cost down and promote finance directors and CFOs from within rather than to recruit external candidates.
- An international outlook is valued: mid-level candidates who are willing to travel, relocate and/or have exposure to emerging or growing markets like Myanmar and China are sought after.
- The trend for outsourcing transactional junior roles overseas is continuing and this is affecting the number of junior and entry level roles in the profession.
- Salaries continue to rise but more slowly, with increases of 4–5% in 2014 expected, compared with 5–8% in recent years.
Employers want local candidates which would translate to fewer opportunities for expatriates.