SInGaporE 2014 Salary & EmploymEnt ForEcaSt

Size: px
Start display at page:

Download "SInGaporE 2014 Salary & EmploymEnt ForEcaSt"

Transcription

1 SINGAPORE 2014 Salary & Employment Forecast

2 welcome Welcome 3 Market Overview 4 Accounting & Finance 11 Engineering & Manufacturing 23 Financial Services 31 Healthcare & Life Sciences 45 Human Resources 57 Legal 66 Procurement & Supply Chain 74 Property & Construction 84 Sales & Marketing 93 Technology 110 Contact Us 125 2

3 welcome Welcome to the 2014 Michael Page Salary & Employment Forecast report for Singapore. Consistent with previous years, this report provides senior executives and professionals with useful insights into salary forecasts and expectations, hiring intentions and recruitment challenges over the next 12 months. Our national annual salary survey, completed by over 300 employers this year, covers a range of issues and trends relevant to today s corporate sector and establishes the Salary & Employment Forecast as a highly reputable market leading report, based on in-depth national research. Whilst there are a number of current industry surveys that provide qualitative insight on hiring intentions and salary levels, the Michael Page Salary & Employment Forecast combines quantitative and qualitative research with our extensive involvement in the senior executive and professional employment market. Our clients come from all major industry sectors and range from market leading multinationals to local, small and medium sized enterprises. Consistent with our specialist approach to recruitment where we have dedicated teams of specialists servicing each discipline, market or industry sector, the report provides detailed salary guides for each discipline and industry. Salary tables divide job types by years of experience or size of organisation in order to obtain accurate and concise salary ranges. The results of our survey to employers are represented visually through the use of infographics. Featured is a range of employer insights on everything from workplace benefits and working hours to attraction and retention strategies. The market observations that accompany these are based on the extensive knowledge of our senior leadership team at Michael Page. It forms part of a suite of salary advice and information available to the market from Michael Page. These features can be found at I wish to thank everyone who contributed to this year s Salary & Employment Forecast and trust you will find it helpful and informative. We welcome your feedback and encourage you to contact us for further information or market specific advice at Best regards, Jerome Bouin Managing Director Singapore Our areas of specialisation are: Accounting & Finance Engineering & Manufacturing Financial Services Healthcare & Life Sciences Human Resources Legal Procurement & Supply Chain Property & Construction Sales & Marketing Technology 3

4 market OVERVIEW The Singapore recruitment market remains strong, but employers are indicating that the general hiring atmosphere is no longer as buoyant as it once was. There is still an array of opportunities for professionals across all industries, and those with local knowledge and experience are in extremely high demand. The main difference in the recruitment landscape between now and 12 months ago stems from employers beginning to exercise more caution. As Singapore leans towards global influences such as the United States, Europe and Australia, companies will now start to introduce tighter regulation into the recruitment process. Approvals are now often required from all levels of management, and companies are looking for a perfect fit in terms a prospective employee s skills and experience in line with the responsibilities of the role. With more focus on compliance, there is less room for compromise. In general, the market is currently quite averse to risk. There is strong preference for local talent, which is in part driven by the local regulatory bodies enforcing tighter conditions on working visas, and also by companies looking to ensure employees have the local knowledge needed to step into a new role with confidence. A significant percentage of employers (48% of those surveyed) have indicated that they are expecting skills shortages over the next 12 months which represents the prevailing caution on display. In a competitive hiring market, it is of the highest importance to attract and maintain the top talent. Some 53% of survey respondents expect to see staff turnover within the next 12 months, with most employees leaving their jobs to seek a higher salary. As companies compete to attract and hire from the fixed talent pool, this has resulted in role rotations across higher-end talent. When it comes to retention, companies are offering competitive packages encompassing both salary increases and worklife balance initiatives in addition to training and career progression opportunities (90% of survey respondents expect to award staff bonuses this year). An emerging trend is the growing popularity of graduate programs as a strategy to attract the strongest candidates early and to expose and familiarise them with the company s culture. In 2014 s employment market, businesses will need to find a balance between meeting compliance requirements and seizing the opportunity in order to attract the right professionals that will help them develop a stronger proposition in an already thriving market. As South East Asia continues to grow, Singapore is well positioned to benefit from the continued influx of businesses looking to establish themselves regionally. Main areas of growth include business services, healthcare and biomedical sciences, and high level industries. Engineering also looks set to continue as a key growth area throughout In addition, as organisations continue to set up headquarters locally, this produces sustained demand for workers in the corporate space. Professionals from a range of backgrounds are required to manage all departments, from human resources, to finance, sales and marketing and IT support. Niche roles in oil and gas as well as healthcare and life sciences are expected to attract offshore candidates as companies in these industries face a shortage of local talent that have the required experience to operate in top technical and upper managerial roles. This results in companies being forced to look outside the local market as they seek to sustain local operations. 4

5 Market OVERVIEW Recruitment Activity Strength of current hiring activity compared to the last 12 months Expectation of a professional skills shortage in the next 12 months Stronger (15%) Slightly stronger (19%) Steady (54%) Slightly weaker (8%) Weaker (4%) 48% 38%? 14% Skills shortage placing upwards pressure on salaries Impact of skills shortage on business in Singapore over the next 12 months Yes, it will cause salaries to rise above the inflation rate (47%) Yes, salaries will increase but only at the rate of inflation (40%) No, the skills shortage will not impact salary levels (13%) 42% Need to develop more targeted attraction strategies 27% Source talent from overseas 16% It will be difficult to maintain headcount 13% None 2% Other Note: All infographics in this report are based on the views of survey participants. The accompanying market commentary is based on the experience and observations of the Michael Page team. Finance 5

6 Market OVERVIEW Salary and Remuneration Salary increases over the next 12 months Average percentage salary increases over the next 12 months 9% All my employees will receive the same percentage increase 74% 1% - 5% 6% - 10% 11% - 15% 70% 23% 5% All my employees will receive an increase, but it will vary according to performance 12% 16% - 20% 1% 21% - 30% 1% Only my best-performing employees will receive an increase 5% No one in my team will receive an increase Combination of factors likely to impact salary levels in the next 12 months* 56 % Global economic conditions 52 % 45 % 9 % 6 % 5 % Domestic economic conditions Competition with other companies Other (company performance, individual performance, inflation, etc.) Not sure Don t expect any factors to particularly impact salaries * More than one option could be selected. Finance 6

7 Market OVERVIEW Salary and Remuneration Flexible salary packaging or fringe benefits offered to employees Companies providing bonus as part of the remuneration package 60% 40% 90% 10% Basis for bonuses over the next 12 months Average percentage bonus of gross salary Other Team performance 1 % 3 % 16 % 14 % Individual performance Company performance 1% - 5% 6% - 10% 20% 28% 11% - 15% 16% - 20% 25% 15% 21% - 30% 8% 31 40% 2% Above 40% 2% 66 % Combination of all Finance 7

8 Market OVERVIEW Attraction and retention Employer expectations for staff turnover in the next 12 months 53% 24% Key reasons employees are likely to leave $ 54% 23%? 23% 9% 6% 6% 1% 1% Higher salary Broaden experience/ opportunity to learn Promotion Achieve better work/life balance Other (company relocation, company culture, job security, etc.) Greater training & development Overseas opportunities Most popular tools for attraction and retention Recognition and rewards Structured career progression Training and mentoring partnerships Strong company culture Work-life balance initiatives Company branding International opportunities 29% 28% 13% 9% 9% 8% 4% * More than one option could be selected. Finance 8

9 Market OVERVIEW Attraction and retention Most popular options offered to support employees work-life balance* 18% 24% 46% Sabbatical leave 63% Flexible working arrangements Team building/offsite activities Increased maternity/paternity leave Other strategies companies implement to attract and retain staff Open communication Salary reviews Bonus allocation Promotions Rotational job opportunities Individual development plan for top talent Employee engagement initiatives Flexible working arrangements 18% Alternative leave options (e.g. volunteering) 12% Other (no overtime, leave, etc.) Combination of benefits offered to employees* 82 % 65 % 46 % 42 % 34 % 16 % 12 % 9 % 6 % 6 % 6 % 4 % 4 % Parking Stock options Company car Education loan Personal loan Housing loan Mobile phone Transport allowance Personal laptop Medical and dental benefits Other (travel allowance, meal allowance, clothing allowance, gym membership, additional leave, etc.) None Travel pass * More than one option could be selected. Finance 9

10 Market OVERVIEW Working hours Average weekly working hours Less than 37.5 hours hours hours hours 50 hours or more 1 % 16 % 56 % 20 % 7 % Change in average weekly working hours over the last 12 months Significantly increase (15+%) (4%) Increased (0-15%) (21%) Stayed the same (71%) Reduced (0-15%) (3%) Significantly decrease (15+%) (1%) Main reason for increased working hours 60% 22% 12% 3% 3% Business growth Staff leaving and not replaced Fewer headcount Promotion Other (restructure, increased business activity, etc.) Finance 10

11 Salary & Employment Forecast SINGAPORE 2014 Accounting & Finance Accounting & Finance

12 Accounting & Finance Market Analysis Recruitment Activity Strength of current hiring activity compared to the last 12 months Expectation of a professional skills shortage in the next 12 months Stronger (13%) Slightly stronger (21%) Steady (52%) Slightly weaker (10%) Weaker (4%) 50% 40%? 10% Market observations: Overall, hiring activity of finance and accounting professionals in Singapore has been steady and this sentiment is expected to remain for the next 12 months A relatively stable economy in Singapore and a slight improvement in European and American economies have helped to maintain hiring activity of finance and accounting professionals in Singapore. The growing economies of countries throughout South East Asia is also creating a healthy outlook for the recruitment of finance and accounting professionals. Demand for finance and accounting professionals is expected to be highest within the aviation, healthcare, oil and gas and professional service sector. While demand could be higher in these sectors, there is a stable demand across other industry sectors as Singapore continues to be seen as a regional hub of Asia. There is a growing trend for companies to invest in these positions while looking for candidates who can business partner effectively with the objective in mind to improve overall business performance and profitability. As the trend to outsource shared services centres to lower cost neighbouring countries like Malaysia, India, China and Philippines continues, an increased demand for finance and accounting professionals to support more regional and complex operational setups is still likely to come out of Singapore and be based in Singapore. Companies continue to expand or build their regional hubs in Singapore as not only is Singapore an ideal place from a location and tax efficient standpoint, it is also a location where talent is most likely to be based. Among finance and accounting professionals in Singapore, roles in highest demand include those specialising in tax, business analysis, financial control and internal audit. Note: All infographics in this report are based on the views of survey participants. The accompanying market commentary is based on the experience and observations of the Michael Page team. Accounting & Finance 12

13 Accounting & Finance Recruitment Activity Skills shortage placing upwards pressure on salaries Impact of skills shortage on business in Singapore over the next 12 months Yes, it will cause salaries to rise above the inflation rate (61%) Yes, salaries will increase but only at the rate of inflation (35%) 52% 22% 17% 9% No, the skills shortage will not impact salary levels (4%) Need to develop more targeted attraction strategies Source talent from overseas It will be difficult to maintain headcount None Accounting & Finance 13

14 Accounting & Finance Salary & remuneration Salary increases over the next 12 months Average percentage salary increases over the next 12 months 10% All my employees will receive the same percentage increase 67% 1% - 5% 6% - 10% 11% - 15% 76% 19% 2% All my employees will receive an increase, but it will vary according to performance 18% 16% - 20% 1% 21% - 30% 2% Only my best-performing employees will receive an increase 5% No one in my team will receive an increase Combination of factors likely to impact salary levels in the next 12 months* Market observations: The average salaries of finance and accounting professionals in Singapore have increased in the last 12 months by 1% to 10%. 57 % 50 % 35 % 9 % 9 % 4 % Global economic conditions Domestic economic conditions Competition with other companies Other (company performance, individual performance, inflation, etc.) Don t expect any factors to particularly impact salaries Not sure Finance and accounting professionals who specialise in tax and business planning and analysis are more likely to be awarded above average increases as companies compete to attract and retain talent in what is a shallow talent pool. * More than one option could be selected. Accounting & Finance 14

15 Accounting & Finance Salary & remuneration Flexible salary packaging or fringe benefits offered to employees Companies providing bonus as part of the remuneration package 63% 37% 84% 16% Basis for bonuses over the next 12 months Average percentage bonus of gross salary Individual performance 1% - 5% 26% 21 % 12 % Company performance 6% - 10% 26% 11% - 15% 24% 16% - 20% 17% 21% - 30% 7% 67 % Combination individual, team and company performance Accounting & Finance 15

16 Accounting & Finance Attraction & retention Employer expectations for staff turnover in the next 12 months 57% Key reasons employees are likely to leave $ 30% 13%? 54% 21% 18% 4% 3% Higher salary Broaden experience / opportunity to learn Promotion Achieve better work-life balance Other (reorganisation, etc.) Most popular tools for attraction and retention Most popular options offered to support employees work-life balance* Recognition and rewards Structured career progression Work-life balance initiatives Strong company culture International opportunities Company branding 34% 34% 16% 10% 4% 2% 69% Flexible working arrangements 44% Team building/offsite activities 23% Increased maternity/paternity leave 17% Sabbatical leave 17% Alternative leave options (e.g. volunteering) Market observation: Most finance and accounting professionals in Singapore prefer to receive financial rewards such as transport allowances, mobile allowances, performance bonuses or any other form of cash allowances from their employer as opposed to non-financial rewards. 17% Other (no overtime, EAP program - counselling, etc.) * More than one option could be selected. Accounting & Finance 16

17 Accounting & Finance Attraction & retention Combination of benefits offered to employees* 71 % 60 % 52 % 45 % 29 % 19 % 15 % 10 % 8 % 6 % 4 % 4 % 2 % Parking Education loan Stock options Company car Housing loan Mobile phone Personal laptop Transport allowance Medical and dental benefits Other (travel allowance, petrol allowance, gym membership, etc.) Personal loan None Travel pass Working hours Average weekly working hours Less than 37.5 hours hours hours hours 50 hours or more 1 % 28 % 33 % 31 % 7 % * More than one option could be selected. Accounting & Finance 17

18 Accounting & Finance Salary Tables GENERAL Role Salary SG$ 000 Accounts Payable Accountant 3 5 years years Financial Accountant 3 5 years years Cost Accountant 3 5 years years Credit Analyst 3 5 years years Group Accountant - Consolidation 3 5 years years Financial/Business Analyst 3 5 years years Accounts Payable Manager 3 5 years years Finance Manager (Small/Medium Organisation) 3 5 years years years 120+ Finance Manager (Shared Services Centre) 3 5 years years years 120+ Finance Manager (Large Organisation) 3 5 years years years 180+ Please note: 1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes. 2. Market rates are becoming much less uniform. While we have taken great care, these salary ranges can only be approximate guides, as there are often specific circumstances relating to individual companies. Please call us for additional information. Accounting & Finance 18

19 Accounting & Finance GENERAL Role Salary SG$ 000 Credit Manager 3 5 years years years Costing Manager 3 5 years years years 150+ Financial & Planning Analysis Manager 3 5 years years years More than 15 years 200+ Financial Controller (Small/Medium Organisation) 3 5 years years years 180+ Financial Controller (Large Organisation) 3 5 years years years 250+ Credit Director 3 5 years years years More than 15 years 220+ Finance Director (Shared Services Centre) 3 5 years years years 250+ More than 15 years N/A CFO/Finance Director (Large Organisation) 3 5 years years years More than 15 years 350+ Please note: 1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes. 2. Market rates are becoming much less uniform. While we have taken great care, these salary ranges can only be approximate guides, as there are often specific circumstances relating to individual companies. Please call us for additional information. Accounting & Finance 19

20 Accounting & Finance SPECIALIST Role Salary SG$ 000 Pricing Analyst 3 5 years years Treasury Analyst 3 5 years years Tax Analyst 3 5 years years Internal Auditor 3 5 years years Pricing Manager 3 5 years years years 150+ Revenue Recognition 3 5 years years years Corporate Finance Manager 3 5 years years years 160+ Treasury Manager 3 5 years years years 180+ Please note: 1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes. 2. Market rates are becoming much less uniform. While we have taken great care, these salary ranges can only be approximate guides, as there are often specific circumstances relating to individual companies. Please call us for additional information. Accounting & Finance 20

21 Accounting & Finance SPECIALIST Role Salary SG$ 000 Internal Audit Manager 3 5 years years years Tax Manager 3 5 years years years 200+ Corporate Finance Director 3 5 years years years More than 15 years 300+ Treasury Director 3 5 years years years More than 15 years 300+ Internal Audit Director 3 5 years years years More than 15 years 300+ Tax Director 3 5 years years years More than 15 years 300+ Please note: 1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes. 2. Market rates are becoming much less uniform. While we have taken great care, these salary ranges can only be approximate guides, as there are often specific circumstances relating to individual companies. Please call us for additional information. Accounting & Finance 21

22 Accounting & Finance PROFESSIONAL SERVICES & PUBLIC ACCOUNTING Role Salary SG$ 000 External Audit 3 5 years years years 120+ Tax 3 5 years years years 130+ Management consultancy 3 5 years years years 180+ Corporate Finance 3 5 years years years 180+ Risk & Compliance 3 5 years years years 180+ Please note: 1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes. 2. Market rates are becoming much less uniform. While we have taken great care, these salary ranges can only be approximate guides, as there are often specific circumstances relating to individual companies. Please call us for additional information. Accounting & Finance 22

23 Salary & Employment Forecast SINGAPORE 2014 ENGINEERING & MANUFACTURING Engineering & Manufacturing

24 ENGINEERING & MANUFACTURING Market Analysis Recruitment Activity Strength of current hiring activity compared to the last 12 months Expectation of a professional skills shortage in the next 12 months Stronger (11%) Slightly stronger (16%) Steady (55%) Slightly weaker (16%) 40% 34%? 26% Weaker (2%) Market observations: Current recruitment activity for engineering and manufacturing professionals in Singapore is steady and is expected to remain so over the coming 12 months. The majority of hiring activity is in the areas of oil and gas, chemical, petrochemical, semiconductor and aerospace and is mostly for replacement roles. Some companies have created new roles, particularly in instances where they transfer their manufacturing operations from overseas to Singapore. The areas of engineering, product support and quality control have experienced the strongest hiring activity, as Singapore moves towards a higher technology engineering centre and manufacturing site for high-end products. Multinationals in Singapore are currently transferring new technology and manufacturing to existing sites, creating a demand for highly skilled Design Engineers, Product Support and Process Improvement Specialists to ensure a smooth transition. High-tech industries such as the semiconductor industry will experience increased demand for Electrical Design Engineers for locally established regional design centres. Lower-end manufacturing sites are moving out of Singapore due to the higher costs of manufacturing compared to other regions such as Vietnam, Indonesia, Thailand and China. This is driving a shift towards higher-end manufacturing products in Singapore such as aerospace components, high-end chemicals and oil and gas equipment. Engineering and manufacturing professionals in Singapore with skills in Six Sigma Black Belt and Lean Expert will be in high demand as companies look to increase cost savings and efficiency through the implementation of lean methodologies, as well as Six Sigma. Mechanical and Electrical Engineers, Quality Managers, as well as Application Support and Field Service roles will be the most demanded job types. As companies set up their South East Asia or Asia Pacific regional office in Singapore, there is an increased requirement for regional field service or quality roles based in Singapore. Manufacturing sites in Singapore are also upgrading their machinery and facilities, generating a demand for experienced mechanical engineers. Note: All infographics in this report are based on the views of survey participants. The accompanying market commentary is based on the experience and observations of the Michael Page team. Engineering & Manufacturing 24

25 ENGINEERING & MANUFACTURING Recruitment Activity Skills shortage placing upwards pressure on salaries Impact of skills shortage on business in Singapore over the next 12 months 47% Yes, it will cause salaries to rise above the inflation rate (60%) Yes, salaries will increase but only at the rate of inflation (33%) 20% 20% 13% No, the skills shortage will not impact salary levels (7%) Source talent from overseas Need to develop more targeted attraction strategies None It will be difficult to maintain headcount Engineering & Manufacturing 25

26 ENGINEERING & MANUFACTURING Salary & remuneration Salary increases over the next 12 months Average percentage salary increases over the next 12 months 7% All my employees will receive the same percentage increase 1% - 5% 6% - 10% 85% 15% 83% All my employees will receive an increase, but it will vary according to performance 8% Only my best-performing employees will receive an increase 2% No one in my team will receive an increase Market observations: Average salaries for engineering and manufacturing professionals in Singapore increased over the last 12 months by between 1% and 10%. Operational Directors, Plant Managers and Engineering Specialists will be awarded above average salary increases due to the limited talent pool available and as employers look to them to drive improvements, processes or build new teams and disciplines. Combination of factors likely to impact salary levels in the next 12 months* 72 % Global economic conditions 54 % 26 % 8 % 5 % Domestic economic conditions Competition with other companies Other (company performance, financial status of company, type and number of projects etc.) Not sure * More than one option could be selected. Engineering & Manufacturing 26

27 ENGINEERING & MANUFACTURING Salary & remuneration Flexible salary packaging or fringe benefits offered to employees Companies providing bonus as part of the remuneration package 53% 47% 90% 10% Basis for bonuses over the next 12 months Average percentage bonus of gross salary Individual performance 1% - 5% 22% 8 % Company performance 6% - 10% 11% - 15% 31% 6% 22 % 16% - 20% 19% 21% - 30% 15% 31% - 40% 1% Above 40% 6% 70 % Combination individual, team and company performance Engineering & Manufacturing 27

28 ENGINEERING & MANUFACTURING Attraction & retention Employer expectations for staff turnover in the next 12 months Key reasons employees are likely to leave 51% 21% $ 28%? 65% 20% 10% 5% Higher salary Broaden experience / opportunity to learn Other (job security, etc.) Promotion Most popular tools for attraction and retention Most popular options offered to support employees work-life balance* Recognition and rewards Structured career progression Strong company culture Training and mentoring partnerships Work-life balance initiatives Company branding International opportunities 43% 30% 10% 5% 5% 5% 2% 68% Flexible working arrangements 45% Team building/offsite activities 21% Increased maternity/paternity leave 16% 13% Alternative leave options (e.g. volunteering) Sabbatical leave Market observations: Most engineering and manufacturing professionals in Singapore prefer to receive a mix of financial and non-financial rewards from their employer. 8% Other (no overtime, leave, etc.) * More than one option could be selected. Engineering & Manufacturing 28

29 ENGINEERING & MANUFACTURING Attraction & retention Combination of benefits offered to employees* 76 % 53 % 50 % 37 % 37 % 24 % 16 % 16 % 13 % 13 % 11 % 8 % 5 % Parking Mobile phone Personal laptop Transport allowance Stock options Company car Housing loan Personal loan Medical and dental benefits Other (education sponsor, renovation loans, computer loans, work live leave, company shares, etc.) Education loan Travel pass None Working hours Average weekly working hours Less than 37.5 hours hours hours hours 50 hours or more 5 % 10 % 77 % 5 % 3 % * More than one option could be selected. Engineering & Manufacturing 29

30 ENGINEERING & MANUFACTURING Salary Tables Role Experience Salary SG$ 000 R&D ENGINEERING/R&D Design Engineer 2 5 years Application Engineer 2 5 years Senior Design Engineer 5 10 years Senior Application Engineer 5 10 years Engineering Manager 8+ years Engineering Director 15+ years PRODUCTION/MANUFACTURING ENGINEERING Production Engineer 2 5 years Production Engineering Manager 8+ years QUALITY CONTROL/ASSURANCE Quality Engineer 2 5 years Senior Quality Engineer 5 10 years Quality Manager 10+ years Quality Director 15+ years SALES ENGINEERING Sales Engineer 2 5 years Senior Sales Engineer 5 8 years Sales Engineering Manager 8+ years PROJECT/PROGRAM MANAGEMENT Project Manager 2 5 years Senior Project Manager 5 10 years Project/Program Director 10+ years Please note: 1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes. 2. Market rates are becoming much less uniform. While we have taken great care, these salary ranges can only be approximate guides, as there are often specific circumstances relating to individual companies. Please call us for additional information. Engineering & Manufacturing 30

31 Salary & Employment Forecast SINGAPORE 2014 FINANCial services Financial Services

32 Financial Services Market Analysis Recruitment Activity Strength of current hiring activity compared to the last 12 months Expectation of a professional skills shortage in the next 12 months Stronger (14%) Slightly stronger (21%) Steady (45%) Slightly weaker (7%) Weaker (13%) 31% 52%? 17% Market observations: The current strength of hiring activity for financial services professionals in Singapore is steady as banks have faced serious cost pressures and made redundancies across the board and at all levels. With cost and regulatory pressures still in place, the majority of banking employers have indicated they will not expand teams in However, hiring activity is expected to strengthen with any pick-up in economic activity, due to banking teams being fairly lightly staffed and the need to strengthen teams to contend with increased work flow. Hiring activity for financial services professionals in the areas of compliance and risk is strongest as increased global regulatory pressures have meant banks have had to increase the size of their governance teams. As banks and financial institutions remain on cost cutting measures, hiring activity will be largely restricted to roles in highest demand such as Analysts, Associates and AVPs, with few openings for senior roles. Financial services professionals in Singapore with skills in financial modelling are in demand as private equity firms and corporate finance teams require this as a primary skill set. Increased regulatory pressures across private banking and corporate investment banking is creating demand for financial services professionals familiar with anti money laundering and know your customer (KYC) practices. As Japanese banks move their operations to Singapore, financial services professionals with language proficiency in Japanese will be sought-after by these companies. Note: All infographics in this report are based on the views of survey participants. The accompanying market commentary is based on the experience and observations of the Michael Page team. Financial Services 32

33 Financial Services Recruitment Activity Skills shortage placing upwards pressure on salaries Impact of skills shortage on business in Singapore over the next 12 months 45% Yes, it will cause salaries to rise above the inflation rate (44%) Yes, salaries will increase but only at the rate of inflation (44%) 22% 22% 11% No, the skills shortage will not impact salary levels (12%) Need to develop more targeted attraction strategies Source talent from overseas None Other (Will not hire unless it is the right candidate) Financial Services 33

34 Financial Services Salary & remuneration Salary increases over the next 12 months Average percentage salary increases over the next 12 months 65% All my employees will receive an increase, but it will vary according to performance 26% 1% - 5% 6% - 10% 11% - 15% 71% 23% 6% Only my best performing employees will receive an increase 9% No one in my team will receive an increase Combination of factors likely to impact salary levels in the next 12 months* 77 % Global economic conditions 58 % 48 % 9 % 9 % 3 % Domestic economic conditions Competition with other companies Other (company performance, growth potential, increase in experience, etc.) Not sure Don t expect any factors to particularly impact salaries Market observations: Average salaries for financial services professionals in Singapore over the last 12 months have remained steady. In 2014, financial services professionals in compliance are likely to be awarded above average increases as companies look to attract and retain talent with these skills as there is a limited supply pool. * More than one option could be selected. Financial Services 34

35 Financial Services Salary & remuneration Flexible salary packaging or fringe benefits offered to employees Companies providing bonus as part of the remuneration package 55% 45% 94% 6% Basis for bonuses over the next 12 months Average percentage bonus of gross salary Other 1% - 5% 30% 3 % Individual performance 6% - 10% 11% - 15% 10% 20% Team performance 6 % 16% 10 % Company performance 16% - 20% 10% 21% - 30% 17% 31% - 40% 10% Above 40% 3% 65 % Combination of all Financial Services 35

36 Financial Services Attraction & retention Employer expectations for staff turnover in the next 12 months Key reasons employees are likely to leave 47% $ 31% 22%? 47% 40% 7% 6% Higher salary Broaden experience / opportunity to learn Promotion Other (combination of the reasons listed) Most popular tools for attraction and retention Most popular options offered to support employees work-life balance* 53% Recognition and rewards Structured career progression Strong company culture Company branding Training and mentoring partnerships Work-life balance initiatives 17% 10% 10% 7% 3% 24% 24% 21% 72% Flexible working arrangements Team building/offsite activities Alternative leave options (e.g. volunteering) Sabbatical leave 17% Increased maternity/paternity leave Market observations: Financial services employers are looking at a range of attraction and retention strategies including staggered and flexible shifts in back office roles and offering global mobility to existing employees. The majority of financial services professionals in Singapore would prefer to receive financial rewards from their employer. 13% Other (working from home) * More than one option could be selected. Financial Services 36

37 Financial Services Attraction & retention Combination of benefits offered to employees* 90 % 72 % 41 % 38 % 34 % 14 % 10 % 10 % 7 % 7 % 3 % 3 % Personal laptop Transport allowance Parking Mobile phone Other (optical benefits, travel insurance, meal allowance, flexi benefits and additional leave) Housing loan Stock options Personal loan Education loan Company car None Medical and dental benefits Working hours Average weekly working hours Less than 37.5 hours hours hours hours 50 hours or more 1 % 18 % 44 % 25 % 12 % * More than one option could be selected. Financial Services 37

38 Financial Services Salary Tables FINANCE Role Salary SG$ 000 CENTRAL FINANCE Management Reporting/Business Finance Associate Associate Vice President Vice President Director/MD 270+ Costing Controls/Analytics Associate Associate Vice President Vice President Director/MD 270+ Financial Reporting Associate Associate Vice President Vice President Director/MD 270+ Tax Accountant Associate Associate Vice President Vice President Director/MD 300+ VALUATIONS Quantitative Associate Associate Vice President Vice President Director/MD 260+ Price Testing Associate Associate Vice President Vice President Director/MD 260+ Please note: 1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes. 2. Market rates are becoming much less uniform. While we have taken great care, these salary ranges can only be approximate guides, as there are often specific circumstances relating to individual companies. Please call us for additional information. Financial Services 38

39 Financial Services FINANCE Role Salary SG$ 000 FINANCE PROJECTS Business Analyst Associate Associate Vice President Vice President Director/MD 260+ PRODUCT CONTROL Cash Associate Associate Vice President Vice President Director/MD 260+ Equities & Finance Associate Associate Vice President Vice President Director/MD 260+ Commodities & Derivatives Associate Associate Vice President Vice President Director/MD 260+ Please note: 1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes. 2. Market rates are becoming much less uniform. While we have taken great care, these salary ranges can only be approximate guides, as there are often specific circumstances relating to individual companies. Please call us for additional information. Financial Services 39

40 Financial Services AUDIT, COMPLIANCE & RISK Role Salary SG$ 000 AUDIT Internal Audit Associate Associate Vice President Vice President Director/MD 250+ IT Audit Associate Associate Vice President Vice President Director/MD 250+ COMPLIANCE AML (Audit Money Laundering) Associate Associate Vice President Vice President Director/MD 250+ MAS Compliance Associate Associate Vice President Vice President Director/MD 250+ TTM (Transaction Trend Monitoring) Associate Associate Vice President Vice President Director/MD 250+ Front Office Advisory Associate Associate Vice President Vice President Director/MD 300+ Please note: 1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes. 2. Market rates are becoming much less uniform. While we have taken great care, these salary ranges can only be approximate guides, as there are often specific circumstances relating to individual companies. Please call us for additional information. Financial Services 40

41 Financial Services AUDIT, COMPLIANCE & RISK Role Salary SG$ 000 RISK Market Risk Associate Associate Vice President Vice President Director/MD 250+ Credit Risk Associate Associate Vice President Vice President Director/MD 250+ Operational Risk Associate Associate Vice President Vice President Director/MD 250+ Please note: 1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes. 2. Market rates are becoming much less uniform. While we have taken great care, these salary ranges can only be approximate guides, as there are often specific circumstances relating to individual companies. Please call us for additional information. Financial Services 41

42 Financial Services OPERATIONS Role Salary SG$ 000 OPERATIONS Project Management Associate Associate Vice President Vice President Director/MD 220+ MIDDLE OFFICE Client Servicing Associate Associate Vice President Vice President Director/MD 200+ BACK OFFICE Settlement Associate Associate Vice President Vice President Director/MD 200+ Corporate Actions Associate Associate Vice President Vice President Director/MD 200+ Reconciliation Associate Associate Vice President Vice President Director/MD 200+ Collateral Management Associate Associate Vice President Vice President Director/MD 190+ Fund Administration Associate Associate Vice President Vice President Director/MD 190+ Documentation Associate Associate Vice President Vice President Director/MD 200+ Please note: 1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes. 2. Market rates are becoming much less uniform. While we have taken great care, these salary ranges can only be approximate guides, as there are often specific circumstances relating to individual companies. Please call us for additional information. Financial Services 42

43 Financial Services FRONT OFFICE Role Salary SG$ 000 INVESTMENT BANKING Debt Capital Markets Associate Associate Vice President Vice President Director/MD 280+ Equity Capital Markets Associate Associate Vice President Vice President Director/MD 280+ Private Equity Associate Associate Vice President Vice President Director/MD 250+ Investment Banking Associate Associate Vice President Vice President Director/MD 280+ CORPORATE /INSTITUTIONAL BANKING Credit Analysis Corporate Bankers Associate Associate Vice President Vice President Director/MD 140+ Transaction Banking Sales Associate Associate Vice President Vice President Director/MD 160+ Transaction Banking Product Management Associate Associate Vice President Vice President Director/MD 150+ Corporate Banking Relationship Manager Associate Associate Vice President Vice President Director/MD 180+ Please note: 1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes. 2. Market rates are becoming much less uniform. While we have taken great care, these salary ranges can only be approximate guides, as there are often specific circumstances relating to individual companies. Please call us for additional information. Financial Services 43

44 Financial Services FRONT OFFICE Role Salary SG$ 000 FUND MANAGEMENT Institutional Sales & Marketing Associate Associate Vice President Vice President Director/MD 170+ Portfolio Managers Associate Associate Vice President Vice President Director/MD 220+ Research Associate Associate Vice President Vice President Director/MD 220+ Financial Services 44

45 Salary & Employment Forecast SINGAPORE 2014 Healthcare & Life Sciences Healthcare & Life Sciences

46 Healthcare & Life Sciences Market Analysis Recruitment Activity Strength of current hiring activity compared to the last 12 months Expectation of a professional skills shortage in the next 12 months Stronger (14%) Slightly stronger (14%) Steady (58%) 72% Slightly weaker (14%)? 14% 14% Market observations: Overall hiring activity for healthcare and life sciences professionals in Singapore is currently steady and is expected to remain at this level over the next 12 months. Technical markets are maturing and there is more emphasis on investing in local talent. Companies are also setting up new plants in Singapore and this is expected to create a healthy demand for new roles in the sector in addition to the usual replacement roles caused by natural attrition and turnover. Research & Development (R&D), Quality Assurance and Engineering and Operations are expected to be the strongest areas of hiring activity for healthcare and life sciences professionals, as Singapore differentiates itself as a high quality and high value market with highly skilled employees. Within the healthcare and life sciences sector, professionals with a specialisation in quality assurance or regulatory affairs will be in demand as new plants and corporate offices set up operations in Singapore. An increase in collaborations between government and industry players is leading to the establishment and expansion of plants in Singapore as organisations ramp up their operations, and is creating demand for healthcare and life sciences professionals. Healthcare and life sciences professionals specialising in ISO13485 standards for medical devices, as well as those with expertise in Lean and Six Sigma are in demand. Companies are aware that these specialisations are hard to come by due to the need for upfront investment from employers to train and develop healthcare professionals with these skills. R&D across the medical device and fast-moving consumer goods (FMCG) sectors is picking up in Singapore with new start-ups receiving strong support from the government. This is leading to a demand for skilled R&D professionals, in particular scientific experts in the areas of biology and chemistry. Project and mechanical engineers are also expected to be in demand as engineering and operations remain a core component of manufacturing companies and plants. This will create a constant demand for talented healthcare and life sciences professionals in Singapore. Note: All infographics in this report are based on the views of survey participants. The accompanying market commentary is based on the experience and observations of the Michael Page team. Healthcare & Life Sciences 46

47 Healthcare & Life Sciences Recruitment Activity Skills shortage placing upwards pressure on salaries Impact of skills shortage on business in Singapore over the next 12 months Yes, it will cause salaries to rise above the inflation rate (60%) Yes, salaries will increase but only at the rate of inflation (40%) 60% 20% 20% Need to develop more targeted attraction strategies It will be difficult to maintain headcount Other Healthcare & Life Sciences 47

48 Healthcare & Life Sciences Salary & remuneration Salary increases over the next 12 months Average percentage salary increases over the next 12 months All my employees will receive an increase, but it will vary according to performance 12% 88% 1% - 5% 6% - 10% 11% - 15% 75% 13% 1% Only my best performing employees will receive an increase 16% - 20% 11% Combination of factors likely to impact salary levels in the next 12 months* Market observations: The average salaries of healthcare and life sciences professionals in Singapore increased over the last 12 months by 1% to 10%. 88 % 88 % 63 % 13 % Not sure Competition with other companies Domestic economic conditions Global economic conditions Healthcare and life sciences professionals specialising in regulatory affairs, engineering and operations, as well as scientific experts, are expected to be awarded above average salary increases in the coming year. Companies will also award above average salary increase to secure professionals with the ability to drive improvements, processes or build a new team and discipline, given the limited talent pool and competitive market. * More than one option could be selected. Healthcare & Life Sciences 48

49 Healthcare & Life Sciences Salary & remuneration Flexible salary packaging or fringe benefits offered to employees Companies providing bonus as part of the remuneration package 50% 50% 86% 14% Basis for bonuses over the next 12 months Average percentage bonus of gross salary 17 % Individual performance 33 % Company performance 11% - 15% 16% - 20% 60% 40% 50 % Combination of individual, team and company performance Healthcare & Life Sciences 49

50 Healthcare & Life Sciences Attraction & retention Employer expectations for staff turnover in the next 12 months Key reasons employees are likely to leave 72% $ 14% 14%? 40% 40% 20% Higher salary Broaden experience / opportunity to learn Greater training & development Most popular tools for attraction and retention Most popular options offered to support employees work-life balance* 43% Company branding Structured career progression Work-life balance initiatives 43% 14% 71% 71% Flexible working arrangements Increased maternity/paternity leave 24% Team building/offsite activities Market observations: International opportunities Some companies have adopted new attraction and retention strategies, such as retention bonuses spread over several years, as well as a lump sum payment after a fixed number of years of employee service. Most healthcare and life sciences professionals in Singapore prefer to receive a mix of financial and non-financial rewards from their employer. 14% 14% Sabbatical leave Alternative leave options (e.g. volunteering) * More than one option could be selected. Healthcare & Life Sciences 50

51 Healthcare & Life Sciences Attraction & retention Combination of benefits offered to employees* 86 % 71 % 57 % 57 % 43 % 14 % 14 % Medical and dental benefits Mobile phone Parking Transport allowance Personal laptop Education loan Stock options Working hours Average weekly working hours Less than 37.5 hours hours hours hours 50 hours or more 1 % 1 % 57 % 29 % 12 % * More than one option could be selected. Healthcare & Life Sciences 51

HONG KONG 2014 SALARY & EMPLOYMENT FORECAST

HONG KONG 2014 SALARY & EMPLOYMENT FORECAST HONG KONG 2014 SALARY & EMPLOYMENT FORECAST CONTENTS Welcome 3 Market Overview 4 Finance 11 Financial Services 19 Human Resources 34 Legal 43 Marketing 54 Procurement & Supply Chain 64 Property & Construction

More information

NEW ZEALAND 2014/15. salary & employment FORECAST. & construction

NEW ZEALAND 2014/15. salary & employment FORECAST. & construction NEW ZEALAND 2014/15 salary & employment FORECAST property & construction ANCEMARKETINGOFFICESUPPORTPROCUREMENT&SUPPLYCHAINPROPERTY&CONSTRUCTION SFINANCEMARKETINGOFFICESUPPORTPROCUREMENT&SUPPLYCHAINPROPERTY&CONSTRUC

More information

china 2014 Salary & EmploymEnt ForEcaSt

china 2014 Salary & EmploymEnt ForEcaSt CHINA 2014 Salary & Employment Forecast Contents Welcome 3 Market Overview 4 Engineering & Manufacturing 11 Finance 20 Financial Services 28 Human Resources 38 Legal 46 Marketing 56 Procurement & Supply

More information

NEW ZEALAND 2014/15 FORECAST ESFINANCEMARKETINGOFFICESUPPORTPROCUREMENT&SUPPLYCHAINPROPERTY&CONSTRU

NEW ZEALAND 2014/15 FORECAST ESFINANCEMARKETINGOFFICESUPPORTPROCUREMENT&SUPPLYCHAINPROPERTY&CONSTRU NANCEMARKETINGOFFICESUPPORTPROCUREMENT&SUPPLYCHAINPROPERTY&CONSTRUCTIO ESFINANCEMARKETINGOFFICESUPPORTPROCUREMENT&SUPPLYCHAINPROPERTY&CONSTRU SALESFINANCEMARKETINGOFFICESUPPORTPROCUREMENT&SUPPLYCHAINPROPERTY&CONS

More information

2015 GREATER CHINA SALARY & EMPLOYMENT OUTLOOK 2015/16 AUSTRALIAN OUTLOOK 1 2015/16 AUSTRALIA SALARY & EMPLOYMENT OUTLOOK

2015 GREATER CHINA SALARY & EMPLOYMENT OUTLOOK 2015/16 AUSTRALIAN OUTLOOK 1 2015/16 AUSTRALIA SALARY & EMPLOYMENT OUTLOOK 2015 GREATER CHINA SALARY & EMPLOYMENT OUTLOOK SALARY & EMPLOYMENT 2015/16 AUSTRALIAN OUTLOOK 1 2015/16 AUSTRALIA SALARY & EMPLOYMENT OUTLOOK CONTENTS Click on the below headings to navigate to each section.

More information

Salary & Employment Forecast HONG KONG 2014

Salary & Employment Forecast HONG KONG 2014 Salary & Employment Forecast HONG KONG 2014 legal Market Analysis Recruitment Activity Strength of current hiring activity compared to the last 12 months Expectation of a professional skills shortage in

More information

TECHNOLOGY SALARY & EMPLOYMENT. technology FORECAST

TECHNOLOGY SALARY & EMPLOYMENT. technology FORECAST FORECAST TECHNOLOGY ENCYCONSTRUCTIONDIGITALENGINEERINGFINANCEFINANCIALSERVICESHOSPITALITY&LEISU ANRESOURCESLEGALMANUFACTURINGMARKETINGMINING&RESOURCESOIL&GASPROCURE PROPERTYRETAILSALESSUPPLYCHAIN&LOGISTICSTECHNOLOGYAGENCYCONSTRUCTIONDIG

More information

TAIWAN 2014 SALARY & EMPLOYMENT FORECAST

TAIWAN 2014 SALARY & EMPLOYMENT FORECAST TAIWAN 2014 SALARY & EMPLOYMENT FORECAST Presented in association with The European Chamber of Commerce Taiwan CONTENTS SALARY & EMPLOYMENT FORECAST 2013/14 Welcome 3 Market Overview 4 Finance 11 Financial

More information

RESOURCES FINANCEPROPERTY FINANCE PROPERTY TECHNOLOGY SUPPLY CHAIN SALES FINANCE MARKETING SUPPLY CHAIN LEGAL FINANCE LEGAL FINANCE FINANCE

RESOURCES FINANCEPROPERTY FINANCE PROPERTY TECHNOLOGY SUPPLY CHAIN SALES FINANCE MARKETING SUPPLY CHAIN LEGAL FINANCE LEGAL FINANCE FINANCE FINANCIAL SERVICES FINANCEPROPERTY FINANCE SALES & MARKETING SALES & MARKETING OIL & GAS SUPPLY MICHAEL PAGE OIL & GAS FINANCE FINANCIAL SERVICES HUMAN RESOURCES PROPERTY OIL PROCURMENT & SUPPLY CHAIN

More information

FORECAST GINEERINGFINANCEHRMANUFACTURINGTECHNOLOGYSALESRETAILDIGITALAGENCYENGINE

FORECAST GINEERINGFINANCEHRMANUFACTURINGTECHNOLOGYSALESRETAILDIGITALAGENCYENGINE market overview FORECAST IGITALAGENCYENGINEERINGFINANCEHRMANUFACTURINGTECHNOLOGYSALESRETAILDIGIT LAGENCYENGINEERINGFINANCEHRMANUFACTURINGTECHNOLOGYSALESRETAILDIGITALAG NCYENGINEERINGFINANCEHRMANUFACTURINGTECHNOLOGYSALESRETAILDIGITALAGENCYE

More information

SALARY & EMPLOYMENT FORECAST 2015 JAPAN 2015 SALARY & EMPLOYMENT FORECAST. Stay up to date with the latest salary rates and hiring hotspots.

SALARY & EMPLOYMENT FORECAST 2015 JAPAN 2015 SALARY & EMPLOYMENT FORECAST. Stay up to date with the latest salary rates and hiring hotspots. JAPAN 2015 FORECAST Stay up to date with the latest salary rates and hiring hotspots. 1 content Introduction 03 Market Overview 04 Accounting & Finance 14 Banking & Financial Services 21 Engineering &

More information

increased demand for banks to help companies structure their finances. 2016 EXPECTATIONS

increased demand for banks to help companies structure their finances. 2016 EXPECTATIONS Thailand IT WAS A TRANSITIONAL YEAR FOR THAILAND IN 2015 AS COMPANIES FOCUSED ON DRIVING DOWN COSTS DUE TO THE GENERAL SLOWDOWN ACROSS SOUTH- EAST ASIA, HOWEVER RECRUITMENT WILL REMAIN BUOYANT IN 2016.

More information

2015 WAS A MIXED YEAR FOR THE INDONE- SIAN RECRUITMENT MARKET.

2015 WAS A MIXED YEAR FOR THE INDONE- SIAN RECRUITMENT MARKET. Indonesia 2015 WAS A MIXED YEAR FOR THE INDONE- SIAN RECRUITMENT MARKET. A slowdown in growth, political challenges, a continuing failure to address critical infrastructure issues and a declining rupiah

More information

retail & sourcing 08/09 Salary & Employment Forecast

retail & sourcing 08/09 Salary & Employment Forecast retail & sourcing 08/09 Salary & Employment Forecast welcome Welcome to the 008/009 Michael Page Retail & Sourcing Salary & Employment Forecast for Greater China. Michael Page International is a world-leading

More information

Table of Contents. From the Managing Director Using the 2015 Robert Half Salary Guide The hiring landscape across Asia

Table of Contents. From the Managing Director Using the 2015 Robert Half Salary Guide The hiring landscape across Asia Salary Guide Table of Contents 3 4 5 6 9 9 11 15 17 20 20 22 25 27 30 30 33 38 39 41 41 From the Managing Director Using the Robert Half Salary Guide The hiring landscape across Asia Hiring outlook in

More information

HUDSON SALARY GUIDES 2015

HUDSON SALARY GUIDES 2015 Singapore HUDSON SALARY GUIDES 2015 Financial Services about this publication This Salary Guide is a compilation of salary and market information provided by Hudson consultants, clients, candidates and

More information

Accountancy & Finance Salary Guide 2015 www.sigmar.ie

Accountancy & Finance Salary Guide 2015 www.sigmar.ie www.sigmar.ie Accountancy & Finance Salary Guide 2015 Sigmar Recruitment Sigmar Recruitment, established 2002, is a leading Irish recruitment services company with 15 specialist divisions across the entire

More information

THAILAND. Despite major political unrest in 2014, the labour market in Thailand remained buoyant.

THAILAND. Despite major political unrest in 2014, the labour market in Thailand remained buoyant. THAILAND Despite major political unrest in 2014, the labour market in Thailand remained buoyant. The national currency stabilised, unemployment stayed below 1%, and the general outlook for the Thai economy

More information

CHINA SALARY GUIDE 2015 1

CHINA SALARY GUIDE 2015 1 CHINA SALARY GUIDE 2015 1 morganmckinley.com.cn 2 MANAGING DIRECTOR S LETTER The majority (82%) of Mainland China s professionals have seen their annual salaries increase. However, these increases vary

More information

ASIA DESTINATION FOR TALENT LEADING FROM THE FRONT

ASIA DESTINATION FOR TALENT LEADING FROM THE FRONT ASIA DESTINATION FOR TALENT LEADING FROM THE FRONT The 2014 Hays Asia Salary Guide CONTENTS 4 Market Overview & Trends 5 Introduction 6 Salary policy 12 Recruitment trends 18 Business/economic outlook

More information

For the average Singaporean. Stingier employers adopt lean manpower mindset SALARY SURVEY 2016

For the average Singaporean. Stingier employers adopt lean manpower mindset SALARY SURVEY 2016 Stingier employers adopt lean manpower mindset Negotiating a big salary increase and getting a permanent post will be tricky this year as Singaporean companies err on the side of caution. For the average

More information

Vietnam. companies and retailers might consider individuals with complementary FMCG experience whose skills can be refined internally.

Vietnam. companies and retailers might consider individuals with complementary FMCG experience whose skills can be refined internally. Vietnam 2015 WAS A POSITIVE YEAR FOR RECRUITMENT IN VIETNAM. STRONG LEVELS OF DEMAND WERE DRIVEN BY NEW BUSINESSES ENTERING THE MARKET, INCLUDING THE ARRIVAL OF MAJOR COMPANIES FROM AUSTRALIA, THE US AND

More information

2015/16 AUSTRALIAN SALARY & EMPLOYMENT OUTLOOK LEGAL & COMPLIANCE. Legal 1 2015/16 AUSTRALIA SALARY & EMPLOYMENT OUTLOOK

2015/16 AUSTRALIAN SALARY & EMPLOYMENT OUTLOOK LEGAL & COMPLIANCE. Legal 1 2015/16 AUSTRALIA SALARY & EMPLOYMENT OUTLOOK 2015/16 AUSTRALIAN SALARY & EMPLOYMENT OUTLOOK Legal 1 2015/16 AUSTRALIA SALARY & EMPLOYMENT OUTLOOK OVERVIEW SIGNIFICANT NUMBERS OF PRIVATE PRACTICE CANDIDATES WHO HAVE BEEN DISSATISFIED WITH THEIR ROLES

More information

MANAGING DIRECTOR S LETTER

MANAGING DIRECTOR S LETTER SUPPLY CHAIN & PROCUREMENT SALARY SURVEY GUIDE UAE 2014 CONTENTS MANAGING DIRECTOR S LETTER 2 SUPPLY CHAIN & PROCUREMENT 3 MARKET INSIGHT 4 SALARY GUIDE 5 UNDERSTANDING THIS GUIDE 6 TALK TO US 7 MANAGING

More information

Asia and Thailand Reward Trends 2011-2012. 16 th March 2012 Thanwa Chulajata

Asia and Thailand Reward Trends 2011-2012. 16 th March 2012 Thanwa Chulajata Asia and Thailand Reward Trends 2011-2012 16 th March 2012 Thanwa Chulajata What we will cover Regional Market Snapshot Thailand Reward Trends Economic Indicators Pay Market Findings Participant Profile

More information

BELGIUM. 2014 was a year of recovery for Belgium.

BELGIUM. 2014 was a year of recovery for Belgium. BELGIUM 2014 was a year of recovery for Belgium. Confidence was reflected in increased hiring levels across a range of sectors including manufacturing, retail, services and even banking. Companies focused

More information

INDONESIA. As a result, demand for specialist skills outstripped supply. This was further impacted by high barriers to entry for overseas workers.

INDONESIA. As a result, demand for specialist skills outstripped supply. This was further impacted by high barriers to entry for overseas workers. INDONESIA SUMMARY Macroeconomics had a major impact on recruitment trends in Indonesia in 2014. The country s burgeoning middle class continued to spend its new found disposable income, driving a huge

More information

2014/15. Technology. Specialists in technology recruitment www.michaelpage.com.au

2014/15. Technology. Specialists in technology recruitment www.michaelpage.com.au 2014/15 Technology Specialists in technology recruitment www.michaelpage.com.au KEY FINDINGS the CIO role and focus Almost half of all CIOs surveyed for the 2014/15 CIO Viewpoint report directly into the

More information

Amsterdam Eindhoven Rotterdam

Amsterdam Eindhoven Rotterdam The Netherlands Amsterdam Eindhoven Rotterdam THE DUTCH RECRUITMENT MARKET WAS ON AN UPWARD TRAJECTORY IN 2015, FOLLOWING SEVERAL YEARS OF REDUCED GROWTH. WITH A MORE BUOYANT ECONOMY AND LOWER INTEREST

More information

TAIWAN. The number of visitors to Taiwan from mainland China increased SUMMARY

TAIWAN. The number of visitors to Taiwan from mainland China increased SUMMARY TAIWAN SUMMARY Economic conditions improved in Taiwan in 2014. Throughout the year, domestic manufacturing (which accounts for 75% of GDP), increased due to improved international demand, as evidenced

More information

THE 2011 HAYS SALARY GUIDE SHARING OUR EXPERTISE. Salaries and recruiting trends across Australia and New Zealand.

THE 2011 HAYS SALARY GUIDE SHARING OUR EXPERTISE. Salaries and recruiting trends across Australia and New Zealand. THE 2011 HAYS SALARY GUIDE SHARING OUR EXPERTISE Salaries and recruiting trends across Australia and New Zealand. hays.com.au hays.net.nz Contents 3 Hays Australia & New Zealand - Facts & Figures Section

More information

recruitment, for example. As we enter the second half of 2016, we expect hiring activity to increase as the market begins to stabilise.

recruitment, for example. As we enter the second half of 2016, we expect hiring activity to increase as the market begins to stabilise. Malaysia RECRUITMENT IN MALAYSIA WILL BEGIN CAUTIOUSLY IN 2016, ALTHOUGH WE ANTICIPATE HIGHER LEVELS OF ACTIVITY IN THE SECOND HALF OF THE YEAR. OVERALL, WE EXPECT TO SEE ONGOING DEMAND FOR SPECIALIST

More information

Asia Salary Guide 2011-2012. Reputation is everything

Asia Salary Guide 2011-2012. Reputation is everything Asia Salary Guide 2011-2012 Reputation is everything Contents Executive Summary... 3 Salary Tables Banking & Financial Services Market Overview... 4 Project Management & Business Analysis... 5 Senior Management...

More information

Employment & Salary Guide 2016 Asia Edition

Employment & Salary Guide 2016 Asia Edition Employment & Salary Guide 2016 Asia Edition ASIA Introduction We decided to push the parameters of our employment guide and looked into not only salaries across the region but also long term incentives,

More information

Employment Outlook and Salary Guide 2011/12

Employment Outlook and Salary Guide 2011/12 Employment Outlook and Salary Guide 2011/12 A TOOL FOR WORKFORCE PLANNING RECRUITMENT OUTSOURCING CONSULTING CONTENTS 4 Executive Overview 6 Introduction 8 BFSI 11 Education 12 Engineering 15 FMCG 16 ITES

More information

2016 EXPECTATIONS 2015 INSIGHT

2016 EXPECTATIONS 2015 INSIGHT South Korea THE STRUCTURE OF THE SOUTH KOREAN JOBS MARKET HAS CHANGED SIGNIFICANTLY IN RECENT YEARS AS THE ENTRY OF MAJOR GLOBAL ORGANISATIONS HAS PLACED NEW DEMANDS ON THE LOCAL TALENT POOL. The dominance

More information

CHINA SALARY GUIDE 2012

CHINA SALARY GUIDE 2012 CHINA SALARY GUIDE 2012 RECRUITMENT OUTSOURCING CONSULTING CONTENTS 4 Executive Overview 6 Introduction 8 Accounting and Finance 9 Automotive 11 Banking & Finance 14 Chemical 15 Consumer, Sales & Marketing

More information

GLOBAL TREND REPORT IT DEVELOPMENT & TESTING 2015 OUTLOOK

GLOBAL TREND REPORT IT DEVELOPMENT & TESTING 2015 OUTLOOK GLOBAL TREND REPORT IT DEVELOPMENT & TESTING 015 2015 OUTLOOK MOBILE & DIGITAL TECHNOLOGIES AND ANALYTICS DRIVING DEMAND In line with our commitment to keep professionals working in the IT Development

More information

GLOBAL TREND REPORT IT PROJECT MANAGEMENT OFFICE H1 JAN-JUN

GLOBAL TREND REPORT IT PROJECT MANAGEMENT OFFICE H1 JAN-JUN GLOBAL TREND REPORT IT PROJECT MANAGEMENT OFFICE 014 H1 JAN-JUN MOOD OF OPTIMISM In line with our commitment to keep professionals working in IT Project Management Office functions up to date with employment

More information

MARKET TRENDS & SALARY REPORT 1H 2014 JAPAN

MARKET TRENDS & SALARY REPORT 1H 2014 JAPAN MARKET TRENDS & SALARY REPORT 1H 2014 JAPAN WELCOME 2 Ambition Market Trends & Salary Report 1H 2014 Japan Contents Introduction 4 Japan Market Overview Finance & Accounting 6 Technology 7 About Ambition

More information

Second Quarter 2014 Trading Update. 15 July 2014

Second Quarter 2014 Trading Update. 15 July 2014 Second Quarter 2014 Trading Update 15 July 2014 PageGroup Second Quarter 2014 Trading Update 2 Overview Group Q2 Gross Profit +9% in constant currency +2% in reported rates Y-o-Y growth in all regions

More information

Randstad MENA Salary Survey 2016

Randstad MENA Salary Survey 2016 The Randstad MENA Salary Survey 2016 Based on salaries throughout the Middle East and North Africa With the oil prices at their lowest point since 2009, the Middle East is having to find strategic ways

More information

Report 015 Retention. Life Working Series 2015

Report 015 Retention. Life Working Series 2015 Report 015 Retention Life Working Series 2015 1 1. Introduction Understanding the length of time employees remain with a company and the drivers of retention. The latest report in our Life Working series

More information

ROBERT WALTERS GLOBAL SALARY SURVEY 2015

ROBERT WALTERS GLOBAL SALARY SURVEY 2015 ROBERT WALTERS GLOBAL SALARY SURVEY 2015 CHINA In 2014 the Chinese Government implemented a shift away from pure manufacturing and infrastructure investment, and instead began to focus on hi-tech industry,

More information

HONG KONG October December 2004. The Hudson Report EMPLOYMENT & HR TRENDS

HONG KONG October December 2004. The Hudson Report EMPLOYMENT & HR TRENDS HONG KONG October December 2004 The Hudson Report EMPLOYMENT & HR TRENDS Introduction The Hudson Report has established a reputation as a key socioeconomic indicator in today s marketplace. It has been

More information

Queensland Legal Salary Survey Report 2011. A guide to salaries and recruiting trends for the Queensland legal profession.

Queensland Legal Salary Survey Report 2011. A guide to salaries and recruiting trends for the Queensland legal profession. Queensland Legal Salary Survey Report 2011 A guide to salaries and recruiting trends for the Queensland legal profession. thanks for participating We would like to express our gratitude to all who participated

More information

GLOBAL TREND REPORT SPECIALIST FINANCE H1 JAN-JUN

GLOBAL TREND REPORT SPECIALIST FINANCE H1 JAN-JUN GLOBAL TREND REPORT SPECIALIST FINANCE 014 H1 JAN-JUN A MIXED GLOBAL OUTLOOK FOR HIRING ORGANISATIONS AND CANDIDATES In line with our commitment to keep professionals working in Specialist Finance functions

More information

2012Finance & Accounting

2012Finance & Accounting SALARY GUIDE 2012Finance & Accounting 2012 Salary Guide Finance & Accounting Asia Table of Contents From the Managing Director 1 Using the Salary Guide 2 Signs it s time to hire 3 Hiring landscape in Asia

More information

PROJECT MANAGEMENT SALARY SURVEY 2014

PROJECT MANAGEMENT SALARY SURVEY 2014 ESI INTERNATIONAL ASIA PACIFIC PROJECT MANAGEMENT SALARY SURVEY 2014 An ESI International study SURVEY OBJECTIVES The inaugural Asia Pacific project management salary survey conducted by ESI International

More information

www.sigmar.ie Banking & Financial Services Salary Guide 2015

www.sigmar.ie Banking & Financial Services Salary Guide 2015 www.sigmar.ie Banking & Financial Services Salary Guide 2015 Sigmar Recruitment Sigmar Recruitment, established 2002, is a leading Irish recruitment services company with 15 specialist divisions across

More information

MALAYSIA. Recruitment in Malaysia remained buoyant across most sectors in 2014, with demand highest within banking and financial services.

MALAYSIA. Recruitment in Malaysia remained buoyant across most sectors in 2014, with demand highest within banking and financial services. MALAYSIA Recruitment in Malaysia remained buoyant across most sectors in 2014, with demand highest within banking and financial services. There was also active recruitment within commercial firms for finance,

More information

Salary Survey Report. Accounting January 2005. Office and Administration April 2005. Banking and Finance October 2005

Salary Survey Report. Accounting January 2005. Office and Administration April 2005. Banking and Finance October 2005 2005 Salary Survey Report January 2005 Office and Administration April 2005 Sales and Marketing July 2005 Banking and Finance October 2005 Manpower Inc. is a world leader in the employment services industry,

More information

Salary Benchmarking Report 2013

Salary Benchmarking Report 2013 Salary Benchmarking Report 2013 A comprehensive study of remuneration levels within the IT & Management Consulting sectors Sponsored by Contents Contents Introductory remarks The Demographics of the Survey

More information

Recruitment forecasting. Employer branding. Sourcing strategies. Selection processes. Assessment methodologies. On boarding of new hires

Recruitment forecasting. Employer branding. Sourcing strategies. Selection processes. Assessment methodologies. On boarding of new hires hudson RPO ASIA pacific Recruitment Process Outsourcing Hudson RPO Asia Pacific is proud to be the winner of a number of industry rated awards including: HRO Today s Global Baker s Dozen List, 2010, 2011

More information

2015 SALARY GUIDE. RICS Chartered Surveyors

2015 SALARY GUIDE. RICS Chartered Surveyors 2015 SALARY GUIDE RICS Chartered Surveyors Contents 2015 Salary Guide 1 Contents 2 Directors Commentary 3 Key Trends Affecting Recruitment 4 Financial Performance 4 Skills Shortage 4 Remuneration Trends

More information

BRAZIL. 2013 was a slow year in Brazil with just over 2% GDP growth.

BRAZIL. 2013 was a slow year in Brazil with just over 2% GDP growth. BRAZIL 2013 was a slow year in Brazil with just over 2% GDP growth. Compared to 2012, however, Brazilian businesses were better able to anticipate market conditions and respond accordingly. As a result,

More information

ASIA S TALENT GAP SALARY AND RECRUITING INSIGHTS TO BRIDGE THE DIVIDE

ASIA S TALENT GAP SALARY AND RECRUITING INSIGHTS TO BRIDGE THE DIVIDE ASIA S TALENT GAP SALARY AND RECRUITING INSIGHTS TO BRIDGE THE DIVIDE The 2015 Hays Asia Salary Guide CONTENTS 4 Market Overview & Trends 5 Introduction 6 Salary Policy 12 Recruitment Trends 17 Employer

More information

GLOBAL TREND REPORT TAX 2015 OUTLOOK

GLOBAL TREND REPORT TAX 2015 OUTLOOK GLOBAL TREND REPORT TAX 015 2015 OUTLOOK GLOBAL DEMAND FOR CORPORATE TAX COMPLIANCE AND INTERNATIONAL TAX EXPERTS In line with our commitment to keep professionals working in the Tax discipline up to date

More information

SPAIN. Following the high unemployment of recent years, Spain has seen a large number of online start-up enterprises emerging onto the

SPAIN. Following the high unemployment of recent years, Spain has seen a large number of online start-up enterprises emerging onto the SPAIN SUMMARY After six years of economic downturn, Spain experienced a much-needed uplift in market confidence and recruitment activity in 2014. Unemployment reduced and GDP increased to 1.2%, which although

More information

UK Oil and Gas Salary Survey 2014. What are you worth?

UK Oil and Gas Salary Survey 2014. What are you worth? UK Oil and Gas Salary Survey 2014 What are you worth? Introduction Welcome to the 2014 edition of the Nigel Wright Energy UK Oil and Gas Salary Survey. As a company that is at the core of recruitment

More information

global ENTERPRISE SURVEY REPORT 2011 asia-pacific

global ENTERPRISE SURVEY REPORT 2011 asia-pacific global ENTERPRISE SURVEY REPORT 2011 asia-pacific A UNIQUE AnnuAL insight into the competitiveness of ASIA-PAcific businesses And developments in GLOBALisAtion business with confidence icaew.com/smeresearch

More information

Tax Market Report 2013-2014. Executive Search and Selection Market Intelligence & Research Remuneration Studies Talent Mapping Career Management

Tax Market Report 2013-2014. Executive Search and Selection Market Intelligence & Research Remuneration Studies Talent Mapping Career Management Tax Market Report 2013-2014 Executive Search and Selection Market Intelligence & Research Remuneration Studies Talent Mapping Career Management Jon Michel Executive Search ABN 75 068 366 101 www.jmes.com.au

More information

GLOBAL TREND REPORT HUMAN RESOURCES H1 JAN-JUN

GLOBAL TREND REPORT HUMAN RESOURCES H1 JAN-JUN GLOBAL TREND REPORT HUMAN RESOURCES H1 JAN-JUN GROUNDS FOR OPTIMISM IN 2014 In line with our commitment to keep professionals working in Human Resources functions up to date with employment and recruitment

More information

SOUTH AFRICA. It was a relatively good year for recruitment in South Africa.

SOUTH AFRICA. It was a relatively good year for recruitment in South Africa. SOUTH AFRICA It was a relatively good year for recruitment in South Africa. Market conditions improved compared to 2013, although the country continued to face a number of key challenges. During 2014,

More information

Salary Guide. Well-rounded. Financial reporting. Reconciliations. Integrity IFRS. Growth. Accounting + + Strategy Customer service

Salary Guide. Well-rounded. Financial reporting. Reconciliations. Integrity IFRS. Growth. Accounting + + Strategy Customer service Financial reporting Well-rounded Pivot tables Management Presentation skills Technology Negotiation Connections Ethics Compliance Compliance Finance Guidance Business acumen Leadership Soft skills General

More information

Hong Kong In-House Legal Salary Survey & Guide 2016

Hong Kong In-House Legal Salary Survey & Guide 2016 Hong Kong In-House Legal Salary Survey & Guide 2016 www.aquissearch.com Overview Throughout 2015 the Hong Kong legal market remained steady. We saw predominately replacement roles on offer from multinational

More information

From local firms, international law firms, joint venture law firms, management consulting firms, head hunters and recruitment firms.

From local firms, international law firms, joint venture law firms, management consulting firms, head hunters and recruitment firms. 10-11 December 2012 Singapore Overview The demand for legal services in Asia is on the rise. To keep up with the needs of foreign investors and businesses in the region, local law firms must rise to the

More information

JAPAN SALARY GUIDE 2015 1

JAPAN SALARY GUIDE 2015 1 JAPAN SALARY GUIDE 2015 1 morganmckinley.co.jp 2 MANAGING DIRECTOR S LETTER The majority (60%) of permanent employees who responded to the 2015 Morgan McKinley Salary Survey, say they have received an

More information

redefining financial recruitment salary survey 2016

redefining financial recruitment salary survey 2016 redefining financial recruitment salary survey 2016 INTRODUCtion & background It is no surprise that this phenomenal escalation in demand for finance professionals both part and fully qualified has intensified

More information

SALARY GUIDE IN-HOUSE LEGAL. www.beathchapman.com

SALARY GUIDE IN-HOUSE LEGAL. www.beathchapman.com SALARY GUIDE IN-HOUSE LEGAL MARKET REVIEW In-House Legal BeathChapman is pleased to announce that the outlook for 2015 is more positive based on recent financial predictions and market signals. Despite

More information

GLOBAL TREND REPORT MARKETING 2015 OUTLOOK

GLOBAL TREND REPORT MARKETING 2015 OUTLOOK GLOBAL TREND REPORT MARKETING 015 2015 OUTLOOK A HIGHLY POSITIVE OUTLOOK FOR MARKETING PROFESSIONALS The Marketing discipline has been evolving rapidly over the past few years. The emphasis on digital

More information

SCOTTISH TECHNOLOGY INDUSTRY SURVEY _ 2015

SCOTTISH TECHNOLOGY INDUSTRY SURVEY _ 2015 SCOTTISH TECHNOLOGY INDUSTRY SURVEY _ 21 1 2 3 WELCOME 1 WELCOME 3 2 KEY 4 MESSAGES 3 REVIEW 6 OF 214 4 OUTLOOK 8 FOR 21 6 INTERNATIONAL 12 OPPORTUNITIES INDUSTRY 14 OVERVIEW PLEASE NOTE: ALL NUMBERS SHOWN

More information

MARKET TRENDS & SALARY REPORT 1H 2015 HONG KONG

MARKET TRENDS & SALARY REPORT 1H 2015 HONG KONG MARKET TRENDS & SALARY REPORT 1H 2015 HONG KONG Contents Introduction 4 Hong Kong Market Overview Banking & Financial Services 6 Finance & Accounting 14 Sales & Marketing 16 Supply Chain & Procurement

More information

2015 MARKET TRENDS & SALARY REVIEW

2015 MARKET TRENDS & SALARY REVIEW 2015 MARKET TRENDS & SALARY REVIEW DIGITAL, SALES & MARKETING www.perceptor.com.au 2 / PERCEPTOR SERVICES OVER THE PAST 16 YEARS, PERCEPTOR HAS ESTABLISHED AN EXCELLENT REPUTATION FOR ATTRACTING HIGH CALIBRE

More information

Kelly Services 2013 Salary Guide. Greater China

Kelly Services 2013 Salary Guide. Greater China Kelly Services 2013 Salary Guide Greater China Kelly Services, Inc. (NASDAQ: KELYA, KELYB) is a leader in providing workforce solutions. Kelly offers a comprehensive array of outsourcing and consulting

More information

2015/16 AUSTRALIAN SALARY & EMPLOYMENT OUTLOOK TECHNOLOGY. Technology 1 2015/16 AUSTRALIA SALARY & EMPLOYMENT OUTLOOK

2015/16 AUSTRALIAN SALARY & EMPLOYMENT OUTLOOK TECHNOLOGY. Technology 1 2015/16 AUSTRALIA SALARY & EMPLOYMENT OUTLOOK 2015/16 AUSTRALIAN LARY & EMPLOYMENT OUTLOOK Technology 1 2015/16 AUSTRALIA LARY & EMPLOYMENT OUTLOOK OVERVIEW THERE ARE A LOT OF GOOD CANDIDATES CURRENTLY LOOKING TO MAKE A DIFFERENCE RATHER THAN CHASE

More information

US law firms in London Associate salary guide 2011/2012

US law firms in London Associate salary guide 2011/2012 US law firms in London Associate salary guide 2011/2012 US law firms in London: Associate salary guide 2011 About the survey Market overview The results of this survey relate to UK qualified associates

More information

Corporate Establishment, Tax, Accounting & Payroll Throughout Asia

Corporate Establishment, Tax, Accounting & Payroll Throughout Asia Corporate Establishment, Tax, Accounting & Payroll Throughout Asia INTRODUCTION Welcome to Dezan Shira & Associates and the emerging Asia markets of China, Hong Kong, India, Vietnam and Singapore. Our

More information

JPMorgan Chase is a global financial services powerhouse with assets of US$1.3 trillion and operations in more than 50 countries.

JPMorgan Chase is a global financial services powerhouse with assets of US$1.3 trillion and operations in more than 50 countries. JPMorgan Chase is a global financial services powerhouse with assets of US$1.3 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers,

More information

Ireland HUDSON SALARY GUIDES 2015

Ireland HUDSON SALARY GUIDES 2015 Ireland HUDSON SALARY GUIDES 2015 ABOUT THIS PUBLICATION This Salary Guide is a compilation of salary and market information provided by Hudson consultants, clients, candidates and other sources in Ireland.

More information

Legal Private Practice Market Report & Salary Survey 2012/2013 Hong Kong

Legal Private Practice Market Report & Salary Survey 2012/2013 Hong Kong Legal Private Practice Market Report & Salary Survey 2012/2013 Hong Kong Introduction Welcome to the Taylor Root Hong Kong Private Practice market report for 2012/2013. Our report includes an appraisal

More information

GLOBAL TREND REPORT PROJECT AND CHANGE 2015 OUTLOOK

GLOBAL TREND REPORT PROJECT AND CHANGE 2015 OUTLOOK GLOBAL TREND REPORT PROJECT AND CHANGE 015 2015 OUTLOOK REGULATORY & COMPLIANCE PROJECTS THE MAIN DRIVER OF DEMAND In line with our commitment to keep professionals working in the Project & Change discipline

More information

GLOBAL TREND REPORT IT PROJECT MANAGEMENT OFFICE 2015 OUTLOOK

GLOBAL TREND REPORT IT PROJECT MANAGEMENT OFFICE 2015 OUTLOOK GLOBAL TREND REPORT IT PROJECT MANAGEMENT OFFICE 015 2015 OUTLOOK A FAST-CHANGING GLOBAL RECRUITMENT MARKET REQUIRING TOUGH CHOICES In line with our commitment to keep professionals working in the IT Project

More information

GLOBAL TREND REPORT INSURANCE H1 JAN-JUN

GLOBAL TREND REPORT INSURANCE H1 JAN-JUN GLOBAL TREND REPORT INSURANCE 014 H1 JAN-JUN AN IMPROVING MARKET WORLDWIDE In line with our commitment to keep professionals working in Insurance up to date with employment and recruitment trends, at the

More information

trust When you choose an accountant, you need someone you can trust. This trust does not come from a job title - it needs to be earned.

trust When you choose an accountant, you need someone you can trust. This trust does not come from a job title - it needs to be earned. about us trust When you choose an accountant, you need someone you can trust. This trust does not come from a job title - it needs to be earned. At Duncan & Toplis we understand this and our clients trust

More information

GLOBAL TREND REPORT TAX H1 JAN-JUN

GLOBAL TREND REPORT TAX H1 JAN-JUN GLOBAL TREND REPORT TAX 014 H1 JAN-JUN STRONG MOMENTUM IN UK & IRELAND In line with our commitment to keep professionals working in the Tax discipline up to date with employment and recruitment trends,

More information

VANCOUVER MARKET DEMANDING GROWTH VANCOUVER EMPLOYERS DEMANDING PROFESSIONALS

VANCOUVER MARKET DEMANDING GROWTH VANCOUVER EMPLOYERS DEMANDING PROFESSIONALS hays.ca VANCOUVER MARKET DEMANDING GROWTH VANCOUVER EMPLOYERS DEMANDING PROFESSIONALS The VRCA 2013 Salary Guide ABOUT THE GUIDE The VRCA Salary Guide aims to provide a cross section of average salaries,

More information

click below to view salary surveys for individual sectors

click below to view salary surveys for individual sectors click below to view salary surveys for individual sectors EXECUTIVE 06 LEGAL 26 SCIENCE & PHARMACEUTICAL 35 ACCOUNTANCY 10 HUMAN RESOURCES 27 ENGINEERING 36 PUBLIC PRACTICE 14 INSURANCE 28 SUPPLY CHAIN

More information

MIDDLE EAST. Between 2009 and 2012, market contraction in the Middle East restricted job opportunities and SUMMARY

MIDDLE EAST. Between 2009 and 2012, market contraction in the Middle East restricted job opportunities and SUMMARY SUMMARY 2014 was a good year for the Middle East. With problems linked to the global economic crisis and the recapitalisation of Dubai World firmly in the past, the region benefited from renewed confidence

More information

salary survey 2015 Contents Accountancy 09 Public Practice 11 Taxation 12 Fund Administration 15 Banking 19 Legal 25

salary survey 2015 Contents Accountancy 09 Public Practice 11 Taxation 12 Fund Administration 15 Banking 19 Legal 25 SALARY SURVEY 2015 salary survey 2015 Contents Executive 05 Accountancy 09 Public Practice 11 Taxation 12 Accountancy TEMPORARY & CONTRACT 13 FINANCIAL SERVICES 14 Fund Administration 15 Banking 19 Legal

More information

career legal Market Review

career legal Market Review career legal Market Review & Salary Survey 2013 introduction Welcome to the Career Legal Market Review and Salary Survey for 2013. Following a turbulent time across the industry over the last few years

More information

Brussels Brussels North. Ghent Zaventem

Brussels Brussels North. Ghent Zaventem Belgium Brussels Brussels North Ghent Zaventem DESPITE A SLOW START TO 2015, HIRING LEVELS INCREASED MARKEDLY AS THE YEAR PROGRESSED WITH AN OVERALL POSITIVE OUTLOOK FOR MANY SPECIALIST PROFESSIONALS.

More information

2015 INSIGHT BANKING & FINANCIAL SERVICES

2015 INSIGHT BANKING & FINANCIAL SERVICES Taiwan DESPITE SIGNS OF SOFTENING IN TAIWAN S ECONOMY DURING 2015, AND MODEST GROWTH FORECASTS FOR 2016, THE TAIWANESE RECRUITMENT MARKET REMAINED BUOYANT ACROSS BANKING, FINANCE, INFORMATION TECHNOLOGY

More information

CIMA SALARY SURVEY 2013. United Kingdom

CIMA SALARY SURVEY 2013. United Kingdom CIMA SALARY SURVEY 2013 United Kingdom 1 Foreword CIMA s members and students are looking forward to rapid career progression and salary rises well above the national average - despite the continuing economic

More information

THE HUDSON REPORT HONG KONG EMPLOYMENT AND HR TRENDS OCTOBER - DECEMBER 2011 FROM GREAT PEOPLE TO GREAT PERFORMANCE

THE HUDSON REPORT HONG KONG EMPLOYMENT AND HR TRENDS OCTOBER - DECEMBER 2011 FROM GREAT PEOPLE TO GREAT PERFORMANCE THE HUDSON REPORT EMPLOYMENT AND HR TRENDS OCTOBER - DECEMBER 2011 HONG KONG FROM GREAT PEOPLE TO GREAT PERFORMANCE INTRODUCTION The Hudson Report is an established and highly respected publication, based

More information

AUSTRALIA SALARY GUIDE

AUSTRALIA SALARY GUIDE AUSTRALIA SALARY GUIDE 2015 1 morganmckinley.com.au 2 JOINT MANAGING DIRECTORS LETTER More than two thirds (68%) of permanent employees in Australia who responded to the 2015 Morgan McKinley Salary Survey

More information

Personalised recruitment and search services

Personalised recruitment and search services Today, progressive organisations sustain a competitive edge and add value to their business by having the best people in the right positions. We can source those people for you. Tony Andony, the Principal,

More information

Workforce Management Plan 2013-2017

Workforce Management Plan 2013-2017 Workforce Management Plan 2013-2017 Adopted on Wednesday 19 June 2013 Contents Message from the General Manager 5 city Plan: Cascade of Plans 6 our Vision, Mission and Community Outcomes 7 Introduction

More information

HUDSON SALARY GUIDES 2015

HUDSON SALARY GUIDES 2015 China HUDSON SALARY GUIDES 2015 Financial Services about this publication This Salary Guide is a compilation of salary and market information provided by Hudson consultants, clients, candidates and other

More information

Seizing Opportunities in Asia and Beyond

Seizing Opportunities in Asia and Beyond Seizing Opportunities in Asia and Beyond Asia, the region of growth opportunities 30% Projected contribution from Asia (excluding Japan) to global GDP in 2020. Today, Asia is the world s fastest growing

More information