SALARY SURVEY 2013 - Robert Walters Singapore

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OSAKAOSAKAACCOUNTING&FINANCE,HUMANRESOURCES,IT,LEGAL,SUPPLYCHAINANDCONTRACTINGOSAKAACCOUNTING&FINANCE,HUMANRESOURCES,IT,LEGAL,SUPPLYCHAINANDCONTRACTINGACCOUNTING&FINANCE,HUMANRESOURCES,IT,LEGAL,SUPPLYCHAINANDCONTRACTINGRobertWaltersGlobalSalarySurvey2013327RobertWaltersOsakarecruitsatalllevelsforarangeofemployers,fromstart-upsandmedium-sizedenterprisestoblue-chipmultinationalcorporations.Accounting&FinanceMarketOverviewAccountingandfinancerecruitmentinKansaiwaslowin2012.Multinationalfirmscontinuedtostreamlinetransactionalaccountingactivitiesoffshoreasacostreductionmeasure.Asaresult,wesawlittledemandforprofessionalsatthislevel.However,wedidwitnesssomehiringbyindustrialmanufacturersforcostaccountantsandfinancialreportingspecialiststoassistonastrategicbasis.BusinessplanningskillswereparticularlyindemandfortheserolesasmorecompaniesevaluatedtheviabilityofmovingtheirproductionarmstocheapermarketssuchasChina.Thesepositionsoftenreportedintoheadquartersbasedoverseasandwererequiredtocoordinatewithforeignjointventures,sobilinguallanguageabilitieswerealsosought-after.BecausetheseprofessionalswereinshortsupplywithintheKansairegion,theywereabletocommandapremiumwhenchangingcompanies.Bilingualfinancialanalystswerealsoinsignificantdemandascompaniespreparedtoimplementinternationalfinancialreportingstandards(IFRS).Businessestypicallysoughtprofessionalswithstrongforecastingabilitiesandfinancialreportingskillswhenhiringfortheseroles.However,thisremainedaskillshortarea.Outlookfor2013AccountancyandfinancejoblevelsarelikelytoremainlowduetocontinuedcautionamongmanufacturerscausedbymarketslowdowninbothChinaandEurope.However,Japanesecompanies’continuedfocusoninternationalexpansionislikelytoleadtodemandforbilingual,globally-experiencedprofessionals.Inparticular,analystswhocaninfluencebusinessstrategyandliaisewithlocalregulatoryauthoritiesarelikelytobesought-after.HumanResources&LegalMarketOverviewWesawlittledemandforHRandlegalprofessionalsduring2012.Becauseofthis,candidatesweregenerallyhesitanttoexplorenewopportunities.However,wedidseesomedemandforbilingualprofessionalsastheypreparedforinternationalexpansion.Specifically,firmsfocusedonhiringstrategically-mindedHRgeneralistswhohadexperienceofmanaginginternationalHRfunctions.Tosupportinternationalexpansion,somemultinationalITfirmsandinternationalmanufacturerscreatednewin-houselegalpositions.Thesecompaniesrecruitedjuniortomanager-levellegalprofessionalstomanagethecontractsoftheirglobalsubsidiaries.Overall,firmsfoundappointingin-housestaffmorecosteffectivethanoutsourcingtheworktoprivatepracticefirms.Outlookfor2013WeanticipateHRrecruitmentlevelstoremainsteadyin2012,withdemandcontinuinginspecificareas.GrowinglinksbetweenJapaneseandChinesebusinesseswillleadtodemandforprofessionalswithtrilingualabilityinEnglish,JapaneseandMandarin,whilecompaniesperformingoutboundacquisitionsarelikelytoseekstrategically-mindedHRindividualstointegratestaffhierarchystructuresandconsolidatecompensationandbenefitsprogrammes.Weexpectreducedstreamliningactivityin2013aftermanyfirmscompletedthesetransformationinitiativeslastyear.InformationTechnologyMarketOverviewSmalltomediumenterprises(SMEs)andstart-upventurebusinessesdrovethemajorityofrecruitmentdemandintheITsectorduetogrowthwithintheseemployers.Toreducecosts,businesseslookedtooutsourcetheirdevelopmentfunctions.Asaresult,manysoughtbilingualprofessionalswithtechnicalabilitytomanagevendors,whilesomeITcompaniesspecificallylookedtohiresoftwareengineerstoleaddevelopmentteamslocatedoffshore.Duetoatalentshortage,firmswerepreparedtobeflexibleintheirsalaryofferscomparedtootherindustries.Consequently,professionalstypicallyreceivedincreasesof5-10%whenmovingjobs.Outlookfor2013Weanticipatethattechnologyrecruitmentwillremainlow,thoughsomepocketsofhiringwillexist.Growingsectors,suchashealthcarefirmsbasedinKansai,willinvestintheirtechnologyinfrastructuretosupportbusinessgrowthactivityin2013.Thesebusinessesarelikelytoseekstrategicplannersastheylooktoreducecostsandupgradesystems,suchascustomerrelationshipmanagement(CRM)software.BusinessesandvendorsfromtheUnitedStatesarelikelytoseektotapintothismarket,whichshouldresultinsomenewrolesbeingcreated.SupplyChainMarketOverviewSupplychainrecruitmentlevelsremainedlowthroughout2012andfocusedpredominatelyonreplacementhiring.Ascompaniessoughttoreducecostsduetouncertainmarketconditions,manylookedtorelocatetheirsupplychainfunctionsoverseas.However,forthehiringthatwasevident,multinationalmanufacturersrecruitedattheseniorlevelto
OSAKAOSAKAACCOUNTING&FINANCE,HUMANRESOURCES,IT,LEGAL,SUPPLYCHAINANDCONTRACTINGOSAKAACCOUNTING&FINANCE,HUMANRESOURCES,IT,LEGAL,SUPPLYCHAINANDCONTRACTINGACCOUNTING&FINANCE,HUMANRESOURCES,IT,LEGAL,SUPPLYCHAINANDCONTRACTINGRobertWaltersGlobalSalarySurvey2013 328managesmallerteamsbasedintheKansairegion.Companiesrecruitedforprofessionalswithoverseasproductionexperienceastheysoughttosavecostsbyusingoffshorevendorsandmanufacturers.ThisoffshoringwasparticularlyevidentamongKansai-basedpharmaceuticalmanufacturers,whichwereincreasinglyusingforeignsuppliersofrawmaterialsfordrugproduction.Bilinguallanguageabilitieswereespeciallyindemandastheseprofessionalswererequiredtocommunicatewithoverseassuppliers.Salariesgenerallyremainedstablein2012.Talentshortagesforprofessionalswithrelevantindustrybackgroundsledsomecompaniestooffersalarypremiumsforjobseekersastheysoughttoattractthebesttalent.Comparedto2011,wewitnessedaslowdowninthenumberofTokyo-basedprofessionalsactivelyseekingopportunitiesinKansai.Thesecandidatesstillconsideredrelocatingtotheregioniftheroleofferedexcellentcareerdevelopmentpotential.Outlookfor2013Weexpectthesupplychainjobsmarketwillremainskillsshortin2013,withcandidateswithbilinguallanguageabilitiesinparticularlyhighdemandandshortsupply.Withcostreductionremainingakeyfocusatmanyfirms,experienceofmanagingoverseasvendorswillbeanimportantattributeforhiringmanagers.Forsimilarreasons,weanticipatethatprocurementprofessionalswillberequiredtotakeongreaterplanningresponsibilities.However,professionalswithbothprocurementandplanningexperienceonthemarketwillremainlimited.ContractWidespreadrestructuringledtorelativelylimitedpermanentopportunitiesandasaresult,wesawanincreaseinthenumberofcandidateswillingtoconsidercontractingpositions-particularlyaccounting,administrativeandsupportprofessionals.Businessesfoundappointingprofessionalsonatemporarybasisappealingduetotheheadcountflexibilitytheyofferedthem.Kansai-basedcompaniesrecruitedcontractprofessionalsprimarilytosupporttheirglobalexpansionstrategies.Someemployersrecruitedbilingualsupportstaff,suchasgroupadministrators,whileothershiredgeneralsalesassistantstoperformtranslationandinterpretingtaskstosupportseniorsalesprofessionals.
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WELCOME TO THE FourtEENTH EDITION O
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CONTENTSCONTENTSCONTENTSDüsseldorf
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CONTENTSCONTENTSCONTENTSNEWZEALANDA
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Spain's unemployment ratejumped to
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