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SALARY SURVEY 2013 - Robert Walters Singapore

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AUCKLANDAUCKLANDACCOUNTING&FINANCEAUCKLANDACCOUNTING&FINANCEACCOUNTING&FINANCE<strong>Robert</strong><strong>Walters</strong>GlobalSalarySurvey<strong>2013</strong>349Ouraccounting&financeteamrecruitspermanentandcontractprofessionalsatalllevels,rangingfromaccountspayable,accountsreceivableandcreditcontrollersthroughtofinancialaccountants,managementaccountants,financemanagersandchieffinancialofficers.WerecruitforabroadselectionofNewZealandbusinesseswithincommerceandindustry,fromblue-chiporganisationsthroughtosmalltomediumsizedenterprises,largecorporatesandthepublicsector.MarketOverviewTherewasanincreaseinhiringvolumesatthestartof2012asrecruitmentinitiativesfrom2011rolledovertotheNewYear.Recruitmentactivityincreasedinquarterstwoandthreebeforefallinginquarterfour,asfluctuationsinmarketconfidenceresultedinorganisationsusinginternalresourcestocoverextraworkloadsratherthanincreasingheadcount.Mostpermanentdemandwasforfinancialandmanagementaccountantswithstrongtechnicalskillswhowerepreparedtocarryout‘hands-on’tasks.Wesawanincreaseinbusinesspartneringandcommercially-focusedrolesduringtheyear,withaparticularlynotabledemandforcommercially-mindedanalystsasbusinessessoughttoidentifycostefficienciesthatcouldbemade.Therewasalsoanincreaseintherecruitmentofseniorlevelprofessionalsasorganisationsinvestedinstrategically-mindedindividualswhocoulddelivergrowth.Asinpreviousyears,themajorityofcontractvacancieswereforaccountspayableandreceivableprofessionals,withanincreaseindemandforseniorfinancialandmanagementaccountants,projectaccountants,businessanalystsandsystemaccountantsinquarterstwoandthree.Businessessoughttorecruittheseprofessionalstosupportsystemsandprocessimprovementprojects.Mostoftheyear’shiringactivitywasdrivenbylargeorganisationsintheFMCG,manufacturing,utilities,telecommunicationsandretailsectorsasthesebusinesseswererelativelyunaffectedbyeconomicconditions.However,wesawcomparativelylittledemandfromSME-sizedcompaniesasuncertaintyinthemarkethadabiggerimpactontheseemployers.Therewasanotablespikeinjobseekervolumesinquarterthree,whenalargenumberofNewZealandexpatsreturnedfromtheUKfollowingtheOlympics.However,wesawmanyorganisationsmissoutonhigh-calibreprofessionalsduetoslowrecruitmentprocessesandunnecessaryredtape.Althoughfewcandidatesreceivedsalaryincreasesduringtheyear,professionalswithindemandskillsetsdidreceiveupliftswhenmovingjobsduetosignificantcompetitionforthebesttalent.ThesetrendswereparticularlynoticeableforcandidateswithspecificERPsystemsexposure,relevantindustryexperienceandastrongcommercialbackground.Businessesalsoplacedasignificantemphasisonculturalfitthroughouttheyearandwerepreparedtopayapremiumforthis.Outlookfor<strong>2013</strong>Manybusinessesbegandeliveringontheirgrowthstrategiesin2012andweexpectthistocontinue.Wethereforeanticipaterecruitmentlevelstosteadilyincreaseoverthecourseof<strong>2013</strong>.ThiswillresultinincreaseddemandforcommercialandanalyticallyastuteprofessionalswithCA,ACCA,CPA,CIMAorequivalentqualifications,whohaveworkedinlargemultinationalbusinessesandpossessrelevantindustryexperience.Weexpectthemajorityofsalarylevelstoremainconsistent,however,weanticipatesomeincreaseswilloccuratthejuniorendofthemarketduetoonlymarginalsalaryincreasesatthisleveloverthepastthreeyears.Assessingculturalfitwillremainanimportantpartofthehiringprocessascompaniescontinuetofocusonmaintainingandnurturinghigh-calibretalent.

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