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

Transcription

1 Salary Guide

2 Table of Contents From the Managing Director Using the Robert Half Salary Guide The hiring landscape across Asia Hiring outlook in Hong Kong Salaries in Hong Kong Finance and Accounting Banking and Financial Services Technology Hiring outlook in Japan Salaries in Japan Finance and Accounting Banking and Financial Services Technology Hiring outlook in Singapore Salaries in Singapore Finance and Accounting Banking and Financial Services Technology Hiring outlook in Shanghai Salaries in Shanghai Finance and Accounting

3 From the Managing Director Improvements in the global economy and the continued growth of Asia as an economic powerhouse are providing a valuable boost to business confidence across the region. Throughout our offices in Asia, Robert Half recruitment professionals consistently encounter highly motivated business leaders with plans for new projects, hopes of economic and corporate growth, and robust hiring intentions. Quality staff play a key role in all of these plans a business really is only as good as its people. And against the backdrop of highly competitive labour markets, securing and retaining top talent is a vital factor in the success of corporate plans regardless of the scale or sector of the business. Our Robert Half Salary Guide has been especially designed to help you find and retain quality professionals. In today s workplace, remuneration may not always be the sole determinant that defines a candidate s job search but it certainly plays a significant role. This Guide offers a comprehensive overview of average salary ranges for finance, accounting and IT profiles plus key data on salary movements. We also provide valuable insights on the latest recruitment trends across Hong Kong, Japan, Singapore and Shanghai. We believe the Robert Half Salary Guide provides valuable information for your organisation to develop an effective recruitment and retention strategy for the year ahead. As always, the Robert Half team of recruitment consultants welcome any questions you may have about the Guide, our survey findings and the broader Asian recruitment market in general. Your people are, after all, your greatest strength. David Jones Senior Managing Director - Asia Pacific Robert Half

4 Using the Robert Half Salary Guide The Robert Half Salary Guide offers an extensive overview of current salary ranges, hiring trends and specific job trends impacting finance and accounting, banking and financial services, and technology professionals working within Asia s business community. This valuable resource allows you to determine salary levels for new employees, plan payroll and recruitment budgets and stay up to date with the latest trends emerging in today s recruitment market. Our information sources include: Market observations from Robert Half recruiting professionals who specialise in the Finance & Accounting, Financial Services and IT fields and make hundreds of temporary and permanent placements each year Insights from our directors and senior managers Independent research we conduct regularly among senior business and finance leaders, Chief Financial Officers (CFOs) and Chief Information Officers (CIOs) Our comprehensive analysis of current and future hiring trends The Salary Guide includes projected average salary ranges for Finance & Accounting, Banking & Financial Services and IT positions in Singapore, Hong Kong, Japan and Shanghai. The salary ranges represent average remuneration only because factors such as seniority, skills and industry can impact pay levels. Bonuses, incentives and other forms of remuneration, such as benefits and pension schemes, are not taken into account. We recognise that salary ranges may vary by industry and are influenced by other factors such as hard-to-find skill sets. Please speak with one of our Robert Half consultants in your part of Asia to discuss specific factors affecting your organisation. 4

5 The hiring landscape across Asia The vibrant Asian economies, including China, Hong Kong, Japan and Singapore continue to present opportunities, and reflecting this, the business leaders we spoke with revealed high levels of optimism both for the growth of their local economy, and for business growth in. A focus on quality As sentiment remains positive, companies across Asia are placing renewed emphasis on securing the top candidates in their field. Sought-after qualities for professionals continue to be exposure to cross-border transactions and multiple currencies. Fluency in English continues to be highly desirable reflecting ongoing globalisation. Nonetheless in today s competitive market, firms need to make themselves attractive to candidates. Performance reviews must be transparent, and ideally, career paths should include global or regional mobility. Work-life balance moving up the business agenda Achieving the right remuneration mix Of course employee pay packages still pack considerable clout when it comes to recruiting and retaining the best people. Companies that do not offer competitive salaries may put themselves out of contention when it comes to attracting skilled professionals. This highlights the need to stay abreast with current salary levels more so because we are seeing a growing pattern of professional staff prepared to negotiate their salary. Here too, it pays for hiring managers to adopt creative strategies. When a firm cannot afford higher salaries, it is critical to offer something extra and this can take the form of better insurance coverage, more vacation days or performance-based bonuses. Also, consider flexible work arrangements or telecommuting. In today s competitive market, awareness of current salary and hiring trends, coupled with a healthy dose of flexibility could be the key that ensures a win-win for both companies and candidates. As quality professionals look for and seize new opportunities, businesses need to meet new talent attraction and retention challenges looking beyond salaries to create a positive work culture. Supporting a work-life friendly environment is becoming an important focus of attention among companies to enable employees to balance their work and personal commitments. It can be a leap of confidence for employers to offer this sort of flexibility but the rewards are there. Robert Half Salary Guide 5

6 Hong Kong The opening of the Shanghai-Hong Kong Stock Connect and establishment of the regulatory body the Independent Insurance Authority, are both driving changes to the business landscape. While sentiment remains positive, companies in Hong Kong are placing renewed emphasis on securing and retaining the top candidates in their field. Finance & Accounting With 81 of CFOs and finance leaders confident their firm will achieve growth in, the market remains robust as companies continue to make both new and replacement hires. Experienced and younger finance and accounting professionals are well-placed to climb the career ladder in Hong Kong as future leaders. The challenge for today s finance leaders is to attract and retain top talent. 85 of CFOs in Hong Kong are concerned about losing top talent and 93 report difficulty in finding quality finance and accounting professionals. The key roles that are highly sought after include business and financial analysis, and financial management and control. Top reasons for recruiting New market penetration New projects / initiatives Business growth or expansion (domestic) 46 Business growth or expansion (international) 43 Product or service expansion 60 Source: Robert Half survey of 150 CFOs and finance leaders (multiple responses permitted) In a bid to attract and retain quality talent, 84 of CFOs plan to increase salaries within their finance and accounting team this year. 41 of CFOs also plan to increase bonuses. 6

7 CFO concerns 93 of finance leaders say it is challenging to find quality finance and accounting professionals 93 Financial services leadership concerns 99 of business leaders find it challenging to hire quality financial services professionals are concerned about losing top performers of business leaders are concerned about losing top people Source: Robert Half survey of 150 CFOs and finance leaders Source: Robert Half survey of 150 financial services business leaders According to Hong Kong finance leaders, 84 plan to increase salaries and 41 plan to increase bonuses as well Banking & Financial Services The recruitment market for banking and financial services professionals in Hong Kong was extremely active in and we are expecting heightened activity once again in, across both new and replacement roles. Positions experiencing greatest demand include accounting roles in insurance, plus regulatory reporting roles and accounting roles in the private equity and hedge fund sectors. Competition for quality talent is expected to remain intense in. Almost all (99) business leaders surveyed said it is challenging to find quality financial services professionals. The majority of business leaders are also expressing concern about losing top people. About two-thirds (65) of those surveyed said they plan to increase salaries for their financial services teams this year. 39 of the leaders are also planning to increase bonuses this year. Top reasons for recruiting New projects / initiatives 57 New market penetration 53 Product or service expansion Business growth or expansion (domestic) 23 Business growth or expansion (international) Source: Robert Half survey of 150 financial services business leaders (multiple responses permitted) 65 of financial services leaders plan to increase salaries, and 39 expect to increase bonuses Robert Half Salary Guide 7

8 HONG KONG Technology The market for IT professionals in Hong Kong remains buoyant, and recruitment opportunities for both permanent and contract staff abound as businesses either expand their IT capabilities or transform business units. In this environment, nearly the same number of CIOs expect to recruit new IT professionals (40) and replace IT staff in existing vacated roles (41) in. Experience with cloud computing, Office 365 and languages such as.net and Java is highly desirable, and candidates with industry background in insurance and software technology are the most sought after. CIO leaders concerns 92 of CIOs are challenged to recruit skilled IT professionals of CIOs are concerned about losing top performers in the year ahead Source: Robert Half survey of 100 CIOs Highly sought-after technology skills Remuneration will play a key role in hiring and recruitment intentions. 77 of CIOs expect IT salaries to rise in, while 28 of firms are planning to increase bonuses. Security Networking Top reasons for IT team expansion New projects / initiatives 51 Software development 49 Product or service expansion 42 Business growth or expansion (international) 33 New market penetration 28 Systems upgrades Data/database management Application development Source: Robert Half survey of 100 CIOs (multiple responses permitted) According to Hong Kong CIOs, 77 plan to increase salaries and 28 of them also plan to increase bonuses 8

9 Finance & Accounting Salary Tables Job Title Company Turnover* ACCOUNTING Assistant Accountant S/M 156, , , ,000 5 L 216, , , ,000 2 Accountant S/M 240, , , ,000 8 L 300, , , ,000 9 Manager S/M 336, , , ,000 6 L 500, , , ,000 3 ACCOUNTS PAYABLE / RECEIVABLE Clerk S/M 108, , , ,000 0 L 120, , , ,000 0 Manager L 420, , , ,000 0 CREDIT Analyst S/M 156, , , ,000 0 L 300, , , ,000 0 Manager S/M 300, , , ,000 3 L 480, , , ,000 5 FINANCE Analyst S/M 240, , , ,000 3 L 360, , , ,000 0 Manager S/M 420, , , ,000 1 L 480, , , ,000 5 Controller S/M 600, , , ,000 3 L 900,000-1,200,000 1,000,000-1,200,000 5 CFO / Finance Director S/M 960,000-1,500,000 1,000,000-1,500,000 2 L 1,500,000-2,400,000 1,500,000-2,500,000 3 * Small companies: S < HK$ 50 million Midsize companies: HK$ 50 million M to HK$ 150 million Large companies: L > HK$ 150 million Robert Half Salary Guide 9

10 HONG KONG Finance & Accounting Salary Tables Job Title Company Turnover* FINANCIAL PLANNING & ANALYSIS / BUSINESS Analyst S/M 240, , , ,000 3 L 360, , , ,000 4 Manager S/M 420, , , ,000 6 L 540, , , ,000 4 Director L 1,100,000-1,500,000 1,200,000-1,500,000 4 INTERNAL AUDIT Auditor S/M 216, , , , L 420, , , ,000 1 Manager S/M 360, , , , L 500, , , ,000 8 Director L 1,200,000-2,000,000 1,200,000-2,400, TAX Analyst S/M 240, , , ,000 2 L 300, , , ,000 8 Manager S/M 420, , , ,000 5 L 600, , , ,000 4 Director L 1,200,000-1,800,000 1,200,000-1,800,000 0 TREASURY Analyst S/M 240, , , ,000 3 L 360, , , ,000 0 Manager S/M 480, , , ,000 0 L 500, , , ,000 3 Treasurer L 1,000,000-1,600,000 1,000,000-1,600,000 0 * Small companies: S < HK$ 50 million Midsize companies: HK$ 50 million M to HK$ 150 million Large companies: L > HK$ 150 million 10

11 Banking & Financial Services Salary Tables Job Title RISK Project Management Analyst 330, , , , Associate / Manager / AVP 490, , , , VP / SVP 780,000-1,350, ,000-1,500, MD 1,350,000+ 1,500, Market Risk Analyst 330, , , ,000 8 Associate / Manager / AVP 480, , , ,000 7 VP / SVP 850,000-1,450, ,000-1,600,000 9 MD 1,500,000+ 1,600, Credit Risk Analyst 330, , , ,000 5 Associate / Manager / AVP 528, , , ,000 2 VP / SVP 977,500-1,495, ,000-1,600,000 3 MD 1,495,000+ 1,600, Operations Risk Analyst 350, , , ,000 6 Associate / Manager / AVP 500, , , ,000 8 VP / SVP 800,000-1,400, ,000-1,500,000 7 MD 1,400,000+ 1,500, Compliance / Anti-Money Laundering Analyst 360, , , ,000 6 Associate / Manager / AVP 500, , , ,000 7 VP / SVP 920,000-1,700, ,000-1,800,000 6 MD 1,700,000+ 1,800, Robert Half Salary Guide 11

12 HONG KONG Banking & Financial Services Salary Tables Job Title FINANCE & ACCOUNTING / CONTROL Management Reporting Analyst 300, , , ,000 0 Associate / Manager / AVP 360, , , ,000 0 VP / SVP 720,000-1,000, ,000-1,000,000 0 MD 1,100,000+ 1,100, Product Control Analyst 360, , , ,000 0 Associate / Manager / AVP 420, , , ,000 0 VP / SVP 840,000-1,200, ,000-1,200,000 0 MD 1,200,000+ 1,200, Financial Control Analyst 336, , , ,000 0 Associate / Manager / AVP 420, , , ,000 0 VP / SVP 840,000-1,200, ,000-1,200,000 0 MD 1,200,000+ 1,200, Treasury Accounting Analyst 310, , , ,000 0 Associate / Manager / AVP 430, , , ,000 0 VP / SVP 840,000-1,100, ,000-1,100,000 0 MD 1,200,000+ 1,200, Tax Analyst 300, , , ,000 0 Associate / Manager / AVP 450, , ,000-1,000, VP / SVP 900,000-1,300,000 1,000,000-1,400,000 9 MD 1,300,000+ 1,400, Internal Audit Analyst 315, , , ,000 0 Associate / Manager / AVP 472, , ,000-1,000,000 7 VP / SVP 935,000-1,300,000 1,000,000-1,500, MD 1,320,000+ 1,500,

13 Job Title Project Management Analyst 300, , , ,000 0 Associate / Manager / AVP 420, , , ,000 0 VP / SVP 760,000-1,100, ,000-1,100,000 0 MD 1,100,000+ 1,100, OPERATIONS Project Management Analyst 240, , , ,000 0 Associate / Manager / AVP 396, , , ,000 1 VP / SVP 800,000-1,250, ,000-1,400,000 7 MD 1,300,000+ 1,400, Treasury Operations Analyst 240, , , ,000 2 Associate / Manager / AVP 350, , , ,000 1 VP / SVP 620, , , ,000 1 MD 950, , Middle Office / Trade Support (All Products) Analyst 300, , , ,000 0 Associate / Manager / AVP 450, , , ,000 0 VP / SVP 750,000-1,150, ,000-1,300,000 8 MD 1,300,000+ 1,350, Fund Accounting / Administrator Analyst 216, , , ,000 3 Associate / Manager / AVP 330, , , ,000 2 VP / SVP 575, , ,000-1,000,000 7 MD 1,050,000+ 1,100, Client Services / Marketing Support Analyst 300, , , ,000 0 Associate / Manager / AVP 456, , , ,000 0 VP / SVP 750,000-1,150, ,000-1,300,000 8 MD 1,300,000+ 1,350, Robert Half Salary Guide 13

14 HONG KONG Banking & Financial Services Salary Tables Job Title Equity Settlements / Fixed Income Settlements Analyst 240, , , ,000 6 Associate / Manager / AVP 300, , , ,000 4 VP / SVP 500, , ,000-1,100,000 7 MD 1,050,000+ 1,100, Corporate Actions Analyst 240, , , ,000 6 Associate / Manager / AVP 340, , , ,000 6 VP / SVP 600,000-1,000, ,000-1,100,000 6 MD 1,050,000+ 1,100, Documentation Specialist Analyst 300, , , ,000 0 Associate / Manager / AVP 400, , , ,000 0 VP / SVP 600,000-1,150, ,000-1,150,000 0 MD 1,150,000+ 1,150, Loans Administrations / Documentations Analyst 180, , , ,000 6 Associate / Manager / AVP 300, , , ,000 4 VP / SVP 500, , , ,000 3 MD 765, ,

15 Technology Salary Tables Job Title Analyst Programmer 240, , , ,000 0 Application / Production Support Manager 450,000-1,000, ,000-1,000,000 7 Architect (Applications, Solutions, Systems, Data) 800,000-1,000, ,000-1,000,000 0 Back Office Application / Production Support 320, , , ,000 3 Business Analyst 380, , , ,000 3 Business Intelligence Specialist 360, , , ,000 0 CIO / CTO 1,500,000+ 1,600, Data Warehousing Specialist 380, , , ,000 0 Database Administrator / Developer 320, , , ,000 4 Desktop Analyst 260, , , ,000 1 ERP Consultant 300, , , ,000 2 Front Office Application / Production Support 450, , ,000-1,000, Helpdesk Analyst 240, , , ,000 0 Helpdesk Lead / Manager 480, , , ,000 0 Infrastructure Manager 480, , ,000-1,000,000 3 IT Auditor 450, , ,000-1,000, IT Manager 480, , ,000-1,000,000 7 IT Security / IT Risk 480, , ,000-1,000, Lead Software Developer 600,000-1,200, ,000-1,200,000 3 Network Administrator 300, , , ,000 2 Network Engineer 300, , , ,000 6 Network Manager 600, , , ,000 4 Programme Manager 720,000-1,400, ,000-1,400,000 3 Project Coordinator 240, , , ,000 3 Project Management Officer 240, , , ,000 3 Project Manager 480,000-1,200, ,000-1,200,000 4 Robert Half Salary Guide 15

16 HONG KONG Job Title Security Analyst / Consultant 360, , , ,000 8 Senior Business Analyst 480, , , , Service Delivery Manager 480, , , ,000 0 Software Development Manager 720,000-1,500, ,000-1,500,000 3 Storage Consultant 360, , , ,000 0 Systems Analyst 360, , , ,000 2 Test / QA Lead / Manager 600, , , ,000 0 Test / QA Analyst 300, , , ,000 0 Trade Floor Support 360, , , ,000 2 Unix Adminstrator 300, , , ,000 4 Unix Manager 720,000-1,000, ,000-1,000,000 0 Voice / Data / Telephony Engineer 300, , , ,000 2 Windows Administrator 300, , , ,

17 Japan Prime Minister Shinzo Abe s Abenomics continue to favour the business sector, and the delay in introducing a second consumption tax hike is likely to support consumer sentiment. The recruitment market is very active at present both on the candidate and employer side. A sense of optimism is expected to carry over from into the current year, and little or no slowdown is anticipated. With Japanese companies increasingly looking to take their businesses abroad, demand for bilingual talent remains strong. Finance & Accounting Finance and accounting professionals in Japan are increasingly called on to have strong communication skills not just in order to work effectively with other departments, but also to inform and persuade key stakeholders both domestically and internationally. 39 of CFOs and finance leaders in Japan surveyed plan to expand their finance and accounting teams in the first half of. For 52 of businesses, this growth will be driven primarily by new projects or initiatives. Top reasons for recruiting New projects / initiatives 40 Business growth or expansion (domestic) 38 New market penetration 34 Business growth or expansion (international) 33 Product or service expansion 52 Source: Robert Half survey of 150 CFOs and finance leaders (multiple responses permitted) Robert Half Salary Guide 17

18 JAPAN CFO concerns 82 of finance leaders say it is challenging to find skilled finance and accounting professionals 78 are concerned about losing top performers Source: Robert Half survey of 150 CFOs and finance leaders Four in five CFOs (82) report difficulty finding quality finance and accounting professionals, and key roles that are most difficult to fill include business and financial analysis, and accounting professionals. There continues to be strong demand for finance and accounting professionals within the pharmaceutical, healthcare and IT sectors. Faced with intense competition for quality candidates, 59 of CFOs in Japan expect to increase salaries for their finance and accounting teams this year. 47 of CFOs also plan to increase bonuses. As quality professionals look for and seize new opportunities, businesses need to meet new retention challenges looking beyond salaries to create a positive work culture and offer a healthy work-life balance. Banking & Financial Services The hiring market for banking and financial services professionals is very strong in Japan at present. In this environment, top talent is likely to receive multiple offers and prompt action will be the key to secure the best people. Almost two out of five (37) business leaders in Japan plan to expand their financial services teams in the first half of. Financial services leadership concerns 96 of business leaders are challenged to find quality financial services professionals 89 are concerned about losing top people Top reasons for recruiting New projects / initiatives Business growth or expansion (domestic) 96 Source: Robert Half survey of 150 financial services business leaders 37 Product or service expansion 59 of Japan finance leaders expect to increase salaries, and 47 plan to increase bonuses 34 New market penetration 28 Business growth or expansion (international) Source: Robert Half survey of 150 financial services business leaders (multiple responses permitted) 18

19 The roles experiencing greatest demand involve valuation, product control, regulatory, audit and actuary, cross-border M&A and transfer pricing. Along with experience, companies are looking for JGAAP in securities, finance modelling, regulatory reporting and business audit skills. In order to attract and retain top talent, many are increasing salaries and bonuses. Half (51) of Japan financial services leaders will increase salaries for their financial services team, while two in four firms (39) will increase bonuses this year. 51 of financial services leaders plan to increase salaries, and 39 will be increasing bonuses The industries showing the most significant demand for IT professionals include technology consultancies, vendors and integrators, e-commerce, insurance, pharmaceutical, banking and retail. Top reasons for recruiting New projects / initiatives 39 Business growth or expansion (domestic) Product or service expansion Systems upgrades Business growth or expansion (international) Source: Robert Half survey of 100 CIOs (multiple responses permitted) Technology If the current IT hiring market in Japan could be summed up in a single word, that would be positive. Without a doubt, the market is the most buoyant we have seen since the collapse of the financial markets in late Businesses must be flexible in order secure the best available talent in the market they can recruit opportunistically and be flexible with expectations when it comes to salary, age and industry experience. One in four (23) CIOs in Japan plan to expand their IT teams in H1. Recruitment intentions are being bolstered by new projects and domestic business expansions. Nonetheless, attracting and retaining quality IT talent remains a challenge this year. Demand is strong for candidates with proven experience in data analytics, mobility services, online/digital and technical front office securities. CIO concerns of CIOs in Japan say it is challenging to recruit skilled IT professionals 77 are concerned about losing top performers in the year ahead Source: Robert Half survey of 100 CIOs 77 According to Japan CIOs, 47 plan to increase salaries, and 31 also plan to increase bonuses Robert Half Salary Guide 19

20 JAPAN Finance & Accounting Salary Tables Job Title Company Turnover* ACCOUNTING Accountant S/M 3,900,000-6,500,000 4,000,000-6,500,000 1 L 4,500,000-7,500,000 5,000,000-7,500,000 4 Senior Accountant S/M 5,400,000-8,000,000 5,500,000-8,000,000 1 L 6,400,000-8,500,000 6,500,000-8,500,000 1 Manager S/M 6,800,000-11,000,000 7,000,000-11,000,000 1 L 7,800,000-12,000,000 8,000,000-12,000,000 1 Controller / Director L 11,500,000-20,000,000 12,000,000-20,000,000 2 ACCOUNTS PAYABLE / RECEIVABLE Clerk S/M 3,000,000-5,000,000 3,000,000-5,000,000 0 L 3,500,000-5,000,000 3,500,000-5,000,000 0 Manager S/M 5,500,000-9,000,000 5,500,000-9,000,000 0 L 6,000,000-10,000,000 6,000,000-10,000,000 0 CREDIT Manager L 8,800,000-13,000,000 9,000,000-13,000,000 1 EXTERNAL AUDIT External Auditor L 5,800,000-14,000,000 6,100,000-14,000,000 2 FINANCE Manager S/M 7,400,000-12,500,000 7,500,000-12,500,000 1 L 7,800,000-14,000,000 8,000,000-14,000,000 1 Controller S/M 8,000,000-13,000,000 8,200,000-13,000,000 1 L 9,000,000-15,000,000 9,200,000-15,000,000 1 CFO / Finance Director S/M 9,800,000-15,000,000 10,000,000-15,000,000 1 L 16,500,000-30,000,000 17,000,000-30,000,000 1 * Small companies: S < 10 billion Midsize companies: 10 billion M 50 billion Large companies: > 50 billion 20

21 Job Title Company Turnover* FINANCIAL PLANNING & ANALYSIS Analyst S/M 4,500,000-8,000,000 5,000,000-8,000,000 4 L 5,500,000-9,500,000 6,000,000-10,000,000 7 Manager S/M 7,900,000-12,000,000 8,000,000-12,000,000 1 L 8,800,000-15,000,000 9,000,000-15,000,000 1 Director L 14,500,000-22,000,000 15,000,000-22,000,000 1 INTERNAL AUDIT Internal Auditor L 5,350,000-15,000,000 5,500,000-15,000,000 1 TAX Manager L 6,700,000-20,000,000 7,000,000-20,000,000 1 TREASURY Treasurer L 6,800,000-20,000,000 7,000,000-20,000,000 1 Robert Half Salary Guide 21

22 JAPAN Banking & Financial Services Salary Tables Job Title RISK Compliance Analyst 6,200,000-11,000,000 6,200,000-11,000,000 0 Associate / Manager / AVP 10,000,000-14,800,000 11,000,000-15,000,000 5 VP 14,000,000-23,000,000 15,000,000-23,000,000 3 SVP / Director 23,000,000-27,000,000 23,000,000-27,000,000 0 Managing Director 27,000,000-40,000,000 27,000,000-40,000,000 0 Credit Risk Analyst 5,000,000-7,000,000 5,000,000-7,000,000 0 Associate / Manager / AVP 7,500,000-13,000,000 7,500,000-13,000,000 0 VP 13,000,000-19,000,000 13,000,000-19,000,000 0 SVP / Director 19,000,000-24,000,000 19,000,000-24,000,000 0 Managing Director 24,000,000-32,500,000 24,000,000-32,500,000 0 Market Risk Analyst 5,000,000-7,500,000 5,000,000-7,500,000 0 Associate / Manager / AVP 7,000,000-13,000,000 7,500,000-13,000,000 3 VP 12,000,000-19,000,000 13,000,000-19,000,000 3 SVP / Director 19,000,000-24,000,000 19,000,000-24,000,000 0 Managing Director 24,000,000-32,500,000 24,000,000-32,500,000 0 Operational Risk Analyst 5,150,000-7,500,000 5,150,000-7,500,000 0 Associate / Manager / AVP 7,000,000-12,500,000 7,500,000-13,000,000 5 VP 12,000,000-17,500,000 13,000,000-17,500,000 3 SVP / Director 17,500,000-20,000,000 17,500,000-20,000,

23 Job Title FINANCE Finance Projects Analyst 5,040,000-7,650,000 5,040,000-8,000,000 3 Associate / Manager / AVP 8,000,000-12,500,000 8,020,000-13,300,000 4 VP 12,500,000-19,300,000 13,200,000-19,300,000 2 SVP / Director 19,400,000-22,800,000 19,400,000-22,800,000 0 Managing Director 22,300,000-28,500,000 22,300,000-28,500,000 0 Financial Control Analyst 6,000,000-8,000,000 6,000,000-8,000,000 0 Associate / Manager / AVP 8,000,000-13,000,000 8,000,000-14,000,000 5 VP 13,000,000-17,500,000 14,000,000-18,000,000 5 SVP / Director 18,000,000-24,500,000 18,000,000-24,500,000 0 Managing Director 25,000,000-31,000,000 25,000,000-31,000,000 0 Internal Audit Analyst 6,040,000-10,200,000 6,040,000-10,200,000 0 Associate / Manager / AVP 9,000,000-13,300,000 9,000,000-14,000,000 3 VP 13,000,000-20,000,000 14,000,000-20,000,000 3 SVP / Director 20,000,000-24,000,000 20,000,000-24,000,000 0 Managing Director 24,000,000-35,000,000 24,000,000-35,000,000 0 Management Reporting Analyst 6,000,000-8,000,000 6,000,000-8,000,000 0 Associate / Manager / AVP 7,000,000-14,000,000 7,000,000-14,000,000 0 VP 14,000,000-18,000,000 14,000,000-18,000,000 0 SVP / Director 18,000,000-25,000,000 18,000,000-25,000,000 0 Tax Analyst 6,000,000-8,000,000 6,000,000-8,000,000 0 Associate / Manager / AVP 8,000,000-14,000,000 8,000,000-14,000,000 0 VP 14,000,000-18,000,000 14,000,000-18,000,000 0 SVP / Director 18,000,000-21,000,000 18,000,000-21,000,000 0 Managing Director 22,000,000-30,000,000 22,000,000-30,000,000 0 Robert Half Salary Guide 23

24 JAPAN Banking & Financial Services Salary Tables Job Title FINANCIAL ADVISORY AND CONSULTING Financial Advisory and Consulting Associate 5,000,000-7,500,000 5,000,000-7,500,000 0 Senior Associate 7,500,000-9,500,000 7,500,000-9,500,000 0 Manager 9,500,000-12,000,000 9,500,000-12,000,000 0 Senior Manager / Vice President 12,000,000-14,000,000 12,000,000-14,000,000 0 Director 14,000,000-18,000,000 14,000,000-18,000,000 0 Partner 18,000,000-30,000,000 18,000,000-30,000,000 0 Management Consulting Consultant 5,000,000-7,500,000 5,000,000-7,500,000 0 Senior Consultant 7,500,000-9,500,000 7,500,000-9,500,000 0 Manager 9,500,000-12,000,000 9,500,000-12,000,000 0 Senior Manager / Vice President 12,000,000-14,000,000 12,000,000-14,000,000 0 Director 14,000,000-18,000,000 14,000,000-18,000,000 0 Partner 18,000,000-30,000,000 18,000,000-30,000,000 0 OPERATIONS AND MIDDLE OFFICE Operations Analyst 5,000,000-7,000,000 5,000,000-7,000,000 0 Associate / Manager / AVP 7,000,000-14,000,000 7,000,000-14,000,000 0 VP 14,000,000-18,000,000 14,000,000-18,000,000 0 SVP / Director 18,000,000-22,000,000 18,000,000-22,000,000 0 Managing Director 20,000,000-30,000,000 20,000,000-30,000,

25 Technology Salary Tables Job Title Application Development Manager 12,000,000-18,000,000 12,000,000-18,000,000 0 Application Support 6,000,000-14,000,000 7,000,000-14,000,000 5 Architect (Applications, Solutions, Systems, Data, Infrastructure) 10,000,000-18,000,000 12,000,000-18,000,000 7 Business Analyst 7,000,000-14,000,000 7,000,000-14,000,000 0 Manager 8,000,000-14,000,000 10,000,000-14,000,000 9 Client Relationship Manager / Account Manager Data Analytics / Business Intelligence / Modelling Specialist 10,000,000-20,000,000 10,000,000-20,000, ,000,000-14,000,000 8,000,000-18,000, Data Center Manager 8,000,000-15,000,000 9,000,000-15,000,000 4 Database Administrator 7,000,000-13,000,000 7,000,000-13,000,000 0 Developer / Software Engineer 6,000,000-14,000,000 6,000,000-15,000,000 5 Digital Marketing / CRM 8,000,000-15,000,000 8,000,000-18,000, E-Commerce Specialist 8,000,000-14,000,000 8,000,000-15,000,000 5 Enterprise Architect 14,000,000-20,000,000 14,000,000-20,000,000 0 ERP Consultant 7,000,000-14,000,000 7,000,000-14,000,000 0 Front Office Developer (Banking) 8,000,000-18,000,000 8,000,000-18,000,000 0 Helpdesk / Desktop Support 4,500,000-9,000,000 5,000,000-9,000,000 4 Helpdesk Manager 7,000,000-12,000,000 7,000,000-12,000,000 0 Implementation Consultant 7,000,000-12,000,000 7,000,000-12,000,000 0 Infrastructure / Operations Manager 8,000,000-18,000,000 8,000,000-18,000,000 0 IT Audit / IT Security / IT Risk 8,000,000-15,000,000 8,000,000-16,000,000 4 IT Director / Chief Information Officer 12,000,000-35,000,000 12,000,000-40,000, Network Support / Engineer 7,000,000-11,500,000 8,000,000-12,000,000 8 Pre-sales / Sales Engineer / Solutions Engineer 7,000,000-15,000,000 9,000,000-16,000, Professional Services Manager / Director 12,000,000-24,000,000 15,000,000-25,000, Programme Manager 12,000,000-22,000,000 12,000,000-22,000,000 0 Project Coordinator 6,000,000-10,000,000 6,000,000-10,000,000 0 Robert Half Salary Guide 25

26 JAPAN Technology Salary Tables Job Title Project Manager / Senior Project Manager 8,000,000-18,000,000 8,000,000-18,000,000 0 Sales / Business Development Director 15,000,000-35,000,000 18,000,000-40,000, Sales Representative (ERP / Software / Solution / Infrastructure) 7,000,000-18,000,000 8,000,000-20,000, Service Delivery Manager 9,000,000-18,000,000 9,000,000-18,000,000 0 System Administrator (Wintel / Network / Database) 5,000,000-11,000,000 5,000,000-11,000,000 0 Systems Analyst / Technical Business Analyst 7,000,000-14,000,000 7,000,000-14,000,000 0 Technical Account Manager / Customer Success Manager 7,000,000-11,000,000 7,000,000-12,000,000 6 Technical Consultant (ERP) 7,000,000-14,000,000 7,000,000-14,000,000 0 Testing / Quality Assurance Analyst 6,000,000-11,000,000 7,000,000-12,000,

27 Singapore Singapore s business environment remains competitive though the Fair Consideration Framework legislation may have an impact on businesses and their hiring strategies. Companies are placing emphasis on top quality candidates hiring the right person for the job and developing talent from within the organisation. Finance & Accounting While companies are taking a cautiously optimistic approach to expanding their finance and accounting teams in the first half of, there is an increased focus on the quality of hires and emphasis on recruiting strategic decision-makers and key talent. The majority of CFOs (94) report difficulty recruiting quality finance and accounting professionals, and key roles that are most difficult to fill include accounting and financial planning and analysis (FP&A) professionals. Top reasons for recruiting New projects / initiatives 58 Business growth or expansion (domestic) Business growth or expansion (international) 43 Product or service expansion 39 New market penetration Source: Robert Half survey of 150 CFOs and finance leaders (multiple responses permitted) 75 of Singapore finance leaders expect to increase salaries, and a further 51 plan to increase bonuses Robert Half Salary Guide 27

28 SINGAPORE CFO concerns of finance leaders say it is challenging to find skilled quality finance and accounting professionals of finance leaders are concerned about losing top people Financial services leadership concerns 100 of business leaders are challenged to find quality financial services professionals of business leaders are concerned about losing top financial services professionals Source: Robert Half survey of 150 CFOs and finance leaders Source: Robert Half survey of 150 financial services business leaders Demand is especially healthy for finance and accounting professionals within the consumer goods, oil and gas, business services, laboratory, scientific instruments and medical devices sectors. Remuneration continues to be important in attracting and retaining quality finance and accounting professionals. 75 of CFOs in Singapore expect to increase salaries for their finance and accounting teams this year. One in two (51) CFOs also plan to increase bonuses. Banking & Financial Services Our Robert Half recruitment team is seeing significant movement among banking and financial services professionals as talent switches between different employers. Banks and financial services companies today face equally great challenges in finding and retaining top talent. Banks that are looking to generate higher revenues will bolster demand for private banking, corporate banking and asset management professionals, while demand continues to be robust for quality candidates with a proven track record in risk and compliance, internal audit and regulatory reporting. Top reasons for recruiting New projects / initiatives New market penetration Business growth or expansion (domestic) 47 Product or service expansion Business growth or expansion (international) Source: Robert Half survey of 150 financial services business leaders (multiple responses permitted) 64 of financial services leaders plan to increase salaries, and 49 will be increasing bonuses Along with experience, firms are looking for excellent communication and business partnering skills, and the ability to work with offshore staff members. 28

29 Technology Highlighting opportunities in Singapore s IT sector, 50 of CIOs plan to expand their teams in H1. Recruitment intentions are being bolstered by new projects and new market penetration. Many organisations across insurance, wealth, asset management, banking, retail, consumer goods, automotive, logistics, pharmaceutical, IT & telecommunications are looking to hire IT professionals in. Demand is buoyant for candidates with proven experience in change management, business and project analysis, program management and solutions architecture. Many IT professionals are being lured by the potential reward that other companies afford, and business and technology leaders are paying competitively to attract, recruit and retain the top talent the industry has to offer. Top reasons for IT team expansion New projects / initiatives 38 New market penetration 34 Business growth or expansion (domestic) 33 Product or service expansion 33 Business growth or expansion (international) 29 Systems upgrades Moving to cloud-based infrastructure Source: Robert Half survey of 100 CIOs (multiple responses permitted) According to Singapore CIOs, 65 plan to increase salaries and 36 also plan to increase bonuses Highly sought-after technology skills CRM Security Cloud CIO concerns 98 of CIOs find it challenging to recruit skilled IT professionals 95 of CIOs are concerned about losing top performers in Mobile Digital Office 365 Source: Robert Half survey of 100 CIOs Robert Half Salary Guide 29

30 SINGAPORE Finance & Accounting Salary Tables Job Title Company Turnover* ACCOUNTING / FINANCE MANAGEMENT Accountant S/M 44,000-57,000 45,000-58,000 2 L 55,000-65,000 56,000-67,000 3 Senior Accountant S/M 63,000-87,000 65,000-88,000 2 L 75,000-92,000 75,000-95,000 2 Manager S/M 81,000-98,000 82, ,000 2 L 96, , , ,000 2 Finance Controller S/M 125, , , ,000 3 L 170, , , ,000 2 Finance Director / VP Finance S/M 165, , , ,000 1 L 215, , , ,000 2 CFO S/M 170, , , ,000 2 L 220, , , ,000 4 ACCOUNTS PAYABLE / RECEIVABLE Analyst / Specialist S/M 48,000-60,000 50,000-60,000 2 L 55,000-75,000 55,000-78,000 2 Controller / Manager S/M 65,000-88,000 68,000-90,000 3 L 82, ,000 85, ,000 3 COST ACCOUNTING Accountant / Analyst S/M 44,000-56,000 45,000-56,000 1 L 54,000-65,000 55,000-65,000 1 Manager S/M 75,000-90,000 75,000-92,000 1 L 92, ,000 95, ,000 3 * Small companies: S < S$200 million Midsize companies: S$200 million M S$500 million Large companies: L > S$500 million 30

31 Job Title Company Turnover* CREDIT Controller / Analyst S/M 66,000-88,000 68,000-90,000 3 L 82, ,000 85, ,000 2 Head of Credit S/M 108, , , ,000 1 L 165, , , ,000 3 FINANCIAL PLANNING & ANALYSIS / BUSINESS ANALYSIS Analyst S/M 42,000-60,000 45,000-60,000 3 L 60,000-88,000 65,000-90,000 5 Senior Analyst / Manager S/M 82,000-98,000 85, ,000 3 L 85, ,000 90, ,000 4 Director L 165, , , ,000 1 INTERNAL AUDIT Auditor S/M 72, ,000 75, ,000 2 L 90, ,000 93, ,000 3 Manager S/M 115, , , ,000 1 L 140, , , ,000 1 Director L 170, , , ,000 3 PAYROLL Specialist S/M 58,000-80,000 58,000-85,000 4 L 70, ,000 75, ,000 3 Manager S/M 88, ,000 90, ,000 1 L 115, , , ,000 1 Robert Half Salary Guide 31

32 SINGAPORE Finance & Accounting Salary Tables Job Title Company Turnover* RISK / COMPLIANCE Manager S/M 95, ,000 95, ,000 2 L 105, , , ,000 4 Director S/M 125, , , ,000 2 L 150, , , ,000 1 TAX Analyst / Specialist S/M 60,000-90,000 60,000-95,000 3 L 72, ,000 75, ,000 5 Manager S/M 95, , , ,000 6 L 105, , , ,000 4 Director L 180, , , ,000 2 TREASURY Accountant S/M 70,000-88,000 72,000-90,000 3 L 88, ,000 90, ,000 4 Manager S/M 108, , , ,000 3 L 130, , , ,000 4 Director L 180, , , ,000 3 * Small companies: S < S$200 million Midsize companies: S$200 million M S$500 million Large companies: L > S$500 million 32

33 Banking & Financial Services Salary Tables Job Title RISK Compliance / Anti-Money Laundering Analyst 50,000-75,000 55,000-75,000 4 Associate / Manager / AVP 60, ,000 70, ,000 5 VP 150, , , ,000 5 SVP / MD 220, , Credit Risk Analyst 45,000-70,000 50,000-70,000 4 Associate / Manager / AVP 55, ,000 62, ,000 6 VP 120, , , ,000 6 SVP / MD 200, , Market Risk Analyst 50,000-90,000 55,000-90,000 4 Associate / Manager / AVP 80, ,000 90, ,000 5 VP 140, , , ,000 4 SVP / MD 200, , Operational Risk Analyst 50,000-70,000 55,000-70,000 4 Associate / Manager / AVP 60, ,000 70, ,000 5 VP 120, , , ,000 4 SVP / MD 220, , Risk Management Analyst 40,000-70,000 43,000-70,000 3 Associate / Manager / AVP 60, ,000 65, ,000 3 VP 120, , , ,000 3 SVP / MD 200, , Project Management Analyst 45,000-80,000 49,000-80,000 3 Associate / Manager / AVP 80, ,000 85, ,000 3 VP 130, , , ,000 2 SVP / MD 200, , Robert Half Salary Guide 33

34 SINGAPORE Banking & Financial Services Salary Tables Job Title FINANCE & ACCOUNTING / CONTROL Financial Control Analyst 60,000-80,000 64,000-80,000 3 Associate / Manager / AVP 80, ,000 86, ,000 3 VP 130, , , ,000 3 SVP / MD 160, , Internal Audit Analyst 50,000-80,000 54,000-80,000 3 Associate / Manager / AVP 72, ,000 78, ,000 3 VP 125, , , ,000 3 SVP / MD 180, , Management Reporting Analyst 45,000-80,000 49,000-80,000 3 Associate / Manager / AVP 70, ,000 75, ,000 3 VP 120, , , ,000 3 SVP / MD 150, , Product Control Analyst 40,000-75,000 42,000-75,000 2 Associate / Manager / AVP 70, ,000 73, ,000 2 VP 115, , , ,000 2 SVP / MD 150, , Project Management Analyst 50,000-80,000 53,000-80,000 2 Associate / Manager / AVP 75, ,000 80, ,000 2 VP 120, , , ,000 2 SVP / MD 210, , Tax Analyst 45,000-90,000 50,000-90,000 4 Associate / Manager / AVP 80, ,000 88, ,000 4 VP 140, , , ,000 4 SVP / MD 180, ,

35 Job Title Treasury Accounting Analyst 50,000-76,000 52,000-76,000 2 Associate / Manager / AVP 72, ,000 75, ,000 2 VP 115, , , ,000 2 SVP / MD 185, , OPERATIONS Client Services / Marketing Support Analyst 40,000-65,000 42,000-65,000 2 Associate / Manager / AVP 65, ,000 68, ,000 2 VP 100, , , ,000 2 SVP / MD 175, , Corporate Actions Analyst 40,000-60,000 40,000-60,000 0 Associate / Manager / AVP 60, ,000 60, ,000 0 VP 100, , , ,000 0 SVP / MD 175, , Documentation Specialist Analyst 36,000-60,000 36,000-60,000 0 Associate / Manager / AVP 60, ,000 60, ,000 0 VP 100, , , ,000 0 SVP / MD 175, , Equity Settlements / Fixed Income Settlements Analyst 38,000-60,000 38,000-60,000 0 Associate / Manager / AVP 60, ,000 60, ,000 0 VP 100, , , ,000 0 SVP / MD 175, , Fund Accounting / Administrator Analyst 40,000-60,000 40,000-60,000 0 Associate / Manager / AVP 60, ,000 60, ,000 0 VP 100, , , ,000 0 SVP / MD 175, , Robert Half Salary Guide 35

36 SINGAPORE Banking & Financial Services Salary Tables Job Title Loans Administrations / Documentations Analyst 36,000-65,000 36,000-65,000 0 Associate / Manager / AVP 60, ,000 60, ,000 0 VP 110, , , ,000 0 SVP / MD 160, , Middle Office / Trade Support (All Products) Analyst 40,000-60,000 42,000-60,000 2 Associate / Manager / AVP 60, ,000 62, ,000 1 VP 100, , , ,000 2 SVP / MD 175, , Pricing Analyst Analyst 40,000-60,000 40,000-60,000 0 Associate / Manager / AVP 60, ,000 60, ,000 0 VP 100, , , ,000 0 SVP / MD 175, , Project Management Analyst 36,000-60,000 38,000-60,000 2 Associate / Manager / AVP 60, ,000 62, ,000 1 VP 100, , , ,000 2 SVP / MD 165, , Treasury Operations Analyst 40,000-60,000 42,000-60,000 2 Associate / Manager / AVP 60, ,000 62, ,000 1 VP 100, , , ,000 1 SVP / MD 165, ,

37 Job Title FRONT OFFICE Corporate Finance / M&A Analyst 50,000-90,000 54,000-90,000 3 Associate / Manager / AVP 86, ,000 92, ,000 3 VP 140, , , ,000 2 SVP / MD 250, , Dealer Analyst 36,000-90,000 40,000-90,000 3 Associate / Manager / AVP 80, ,000 85, ,000 3 VP 120, , , ,000 2 SVP / MD 240, , Insurance Analyst 36,000-80,000 41,000-80,000 4 Associate / Manager / AVP 80, ,000 87, ,000 4 VP 120, , , ,000 3 SVP / MD 200, , Investment Advisory / Research Analyst Analyst 50,000-85,000 54,000-85,000 3 Associate / Manager / AVP 80, ,000 85, ,000 2 VP 120, , , ,000 3 SVP / MD 220, , Relationship Manager (Wholesale Banking) Analyst 42,000-85,000 48,000-85,000 5 Associate / Manager / AVP 85, ,000 95, ,000 5 VP 120, , , ,000 4 SVP / MD 220, , Robert Half Salary Guide 37

38 SINGAPORE Technology Salary Tables Job Title Application Analyst 55, ,000 55, ,000 0 Application Manager 90, , , ,000 3 Architect (Applications, Solutions, Systems, Data) 90, , , ,000 3 Business Analyst 72, ,000 75, , Developer 60, ,000 60, ,000 0 ERP Manager 135, , , ,000 6 Helpdesk Manager 75, ,000 75, ,000 0 IT Audit / IT Risk 75, ,000 80, , IT Director / Chief Information Officer 140, , , ,000 4 IT Manager 90, , , ,000 4 Network / Infrastructure Manager 90, ,000 90, ,000 0 Network Engineer 60, ,000 60, ,000 0 Pre-sales / Post-sales (ERP / Software / Cloud / Infrastructure) 180, , , ,000 9 Programme Manager 140, , , ,000 0 Project Management Officer 72, ,000 80, ,000 3 Project Manager 100, , , ,000 0 Sales / Business Development Manager / Director 60, ,000 70, , Security Analyst / Consultant 55, ,000 70, ,000 8 Senior Business Analyst 140, , , ,000 0 Support Analyst 50, ,000 50, ,000 0 Systems Analyst 60, ,000 60, ,000 0 Test Analyst 60, ,000 60, ,000 0 Test Manager 90, , , ,

39 Shanghai A broad range of firms are seeking to gain a foothold in the Chinese market, and this is driving demand for quality candidates. Any major issues that impact the global economy will also affect China, but at this stage there are no signs of recruitment growth abating. Finance & Accounting As a measure of confidence, 92 of CFOs and finance leaders in Shanghai are confident that China s economy will expand this year. The same proportion (92) are confident that their business will achieve growth in a figure that rises to 100 for medium-sized firms. Almost three in five (59) of CFOs expect to expand their finance and accounting teams in the first half of. This recruitment activity is driven by new projects, as well as domestic and international business expansion. Top reasons for recruiting 47 New projects / initiatives 46 Business growth or expansion (domestic) 41 New market penetration 41 Product or service expansion 37 Business growth or expansion (international) Source: Robert Half survey of 100 CFOs and finance leaders (multiple responses permitted) Robert Half Salary Guide 39