SALARY SURVEY 2013 - Robert Walters Singapore

JAKARTAJAKARTAACCOUNTING&FINANCEJAKARTAACCOUNTING&FINANCEACCOUNTING&FINANCERobertWaltersGlobalSalarySurvey2013295Theaccounting&financedivisionrecruitsformultinationalcompaniesacrossallsectors.Keyroleswespecialiseinincludefinancemanagers,financialplanningandanalysismanagers,taxandtreasurymanagers,financialcontrollers,financedirectorsandCFOs.MarketOverviewEmployersrecruitedactivelytomeettheincreasingdemandfromadevelopingmarketinahighgrowtheconomy.Hiringlevelsremainedhighwithamixtureofnewlycreatedandreplacementroles.In2012,therewasconsistentdemandforprofessionalsinthemiddlemanagementaccountingandfinancespace.Thiswasbecauseanumberofmultinationalssoughtfinanceandfinancialplanningandanalysis(FP&A)managers,aswellasfinancialcontrollersfornewrolescreatedinlinewiththeirexpansionplans.SenioraccountingandfinanceprofessionalswereinhighdemandasorganisationscontinuedtoentertheIndonesianmarket,whilemoreestablishedcompaniessoughttoimprovethequalityoftheirstaffatfinancemanagementlevel.Organisationsalsosoughtchieffinancialofficers,financedirectorsandgeneralaccountants.Tosupportgrowth,multinationalemployersrequiredqualityemployeeswithregionalandglobalexperiencetoworkwithaninternationalbusinessculture.Inparticular,thenumberofjobsavailableforseniorlevelfinanceprofessionalsincreasedinthesecondhalfoftheyear.Companieswereconfidentabouthiringafterexperiencingencouragingresultsforthefirsthalfoftheyearandsolidfutureforecasts.Ascompaniescontinuedtoexpand,theyrecruitedseniorprofessionalstoexecuteexistingplansandtomanageforecastsforthefollowingyear.Salarylevelsformostjobfunctionsincreasedby10%year-on-year.Withafinitetalentpool,employeeswithindemandexperienceoftenreceivedmultiplejoboffersandthereforeexpectedsalaryrisesaveraging20-30%whenmovingroles.Professionalsinmiddlemanagementpositionswereparticularlyopentonewjobopportunities,astheysoughttocapitaliseonastrongemploymentmarket,tosecurenewcareeropportunitiesand-ideallyreceivemorecompetitivesalaries.Outlookfor2013JoblevelsarelikelytoremainhighduetothegrowingeconomyandmultinationalscontinuingtoinvestinIndonesia.Weexpectthiswillcreatedemandforfinanceprofessionalswhocanhelpfirmsenterthemarketandplanfurthergrowthstrategies.Professionalswithrelevantaccountingandfinancequalificationsandexperiencearelikelytobeindemand.Employerswillbeparticularlykeentorecruitcandidateswhocanaddvaluetotheorganisation.Thosewhopossessaproventrackrecordofimplementingchangeandservingasabusinesspartnerwillbehighlysought-after.Wealsoanticipatedemandforfinancemanagersatthemidtoseniorlevel,especiallythosewithprojectmanagementexperience.AsmorecompaniesentertheIndonesianmarket,wepredictnewsystemsandplanswhichwillthereforeleadtoincreaseddemandforimplementation-focusedskills.Salariesarelikelytocontinueincreasingyear-on-year,althoughmiddlemanagementprofessionalswillbemoreopentonewcareeropportunitiesastheyseekpayincreases.Employeesarelikelytorecievesalaryincrementoffersof20-30%whentheymovetoanewrole.