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SALARY SURVEY 2013 - Robert Walters Singapore

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MELBOURNEMELBOURNEACCOUNTING&FINANCECOMMERCE&INDUSTRYMELBOURNEACCOUNTING&FINANCE-COMMERCE&INDUSTRYACCOUNTING&FINANCE-COMMERCE&INDUSTRY<strong>Robert</strong><strong>Walters</strong>GlobalSalarySurvey<strong>2013</strong> 190Ourcommerce&industrydivisionprovidesblue-chipcorporates,SMEs,notforprofitandpublicsectororganisationswithspecialistaccountingandfinancerecruitmentsolutions.Ourpermanent,contractandtemporaryteamsrecruitqualifiedprofessionalswithpriorcommercialorcharteredaccountingexperience,aswellaspart-qualifiedgraduatesandclericalaccountingstaff.MarketOverviewOrganisationsincommerceandindustrytookacautiousapproachtohiringthroughout2012,withthemajorityofvacanciesbeingreplacementratherthanheadcountgrowth.However,therewereexceptions,withtheonline,digitalandenergyindustriesoutperformingtherestofthemarket.Duetoadropinmarketconfidence,therewasaclearchangeinrecruitmentactivityaroundthemid-yearpoint,withdemandforpermanenthiresfalling.Thiswaspartlycounteredbyanincreaseintemporaryandfixedtermvacancies.Wealsosawtheusualincreaseindemandaroundfinancialyearendfortemporaryfinancialaccountingstaff.Therewasadecreaseinshort-termopportunitiesarisingasaresultofprojectsorre-structurescomparedto2011asfewerlarge-scaleorganisationalrestructureswereoccurringinthemarket.Globalmarketconditionscontinuedtocreateuncertainty,whichledrecruitmentprocessestobecomemoreprolonged.Inparticular,wesawagreaternumberofrolescomingontothemarketandthenbeingwithdrawnthanusual.Additionally,asaresultofaperceived'buyer'smarket'companiesbecamemorestringentintheskillsandexperiencetheysought,whichonlyservedtofurtherlengthentheprocess.Asorganisationstightenedfinancialcontrolsandprocesses,employersplacedmoreemphasisonhiringcandidateswithfinancialaccountingandcontrolsmanagementexpertiseratherthanprofessionalsfrommanagementaccountingandmorecommercially-orientedbackgrounds.Companiesalsosoughtacombinationofbothcharteredandindustryexperienceinmidtoseniorlevelcandidates,primarilyattheexpenseoftraditional'firstmovers'fromcharteredfirms.Atthejuniorendofthemarket,therewasafocusonrecruitingpart-qualifiedaccountingprofessionals-ratherthantransactionalaccountspayable/receivablestaff-asemployersplacedagreateremphasisonworkforceplanningandlonger-termcareermanagement.Bysupportingongoingprofessionaldevelopment,organisationssoughttoincreaseemployeeengagementlevels.Whilewesawlessinterestinpayrollvacanciesthanotherfinancerolesduetotheperceivedlackofcareerdevelopmentpotentialtheyoffer,employerssoughthigh-calibreprofessionalsinthisarea.Withintheenergyindustry,commercialandpricinganalystswerethemostindemandskillsetsascompanieslookedtobolstertheiranalyticalcapabilityduringuncertaintimes,whiledealingwithvariousregulatorychangesandshiftsinmarketdynamics.Outlookfor<strong>2013</strong>Weexpecttoseejoblevelsincreaseinthefirstquarterof<strong>2013</strong>,giventhevolumesofrolesplacedonholdtowardstheendof2012andareoptimisticfortherestoftheyear.Wealsoanticipateacontinuedfocusontemporaryandfixedtermhiringasorganisationsremainhesitanttoaddpermanentheadcount.Theseniorendofthemarketwillcontinuetobechallengingforcandidates,withasignificantover-supplyleadingtohighlycompetitiveprocessesforanymidtoseniorlevelmanagerialpositions.Relevantindustryexperienceislikelytobethepointofdifferentiationwherethisisthecase.Aswith2012,companieswiththemoststreamlinedrecruitmentprocesseswillcontinuetosecurethebestavailabletalent.

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