SALARY SURVEY 2013 - Robert Walters Singapore

LONDONTREASURY-COMMERCE&INDUSTRYLONDONTREASURYCOMMERCE&INDUSTRYOurtreasurydivisionisamarketleaderintheprovisionofbespokepermanent,contractandtemporaryrecruitmentsolutionstoleadingcommercialorganisations.Werecruitatalllevelsfromanalystsrightthroughtogrouptreasurerpositions.MarketOverviewOveralltreasuryjoblevelshavedroppedoverthecourseof2012.Duetouncertaintyacrosstheeconomy,treasuryprofessionalsremainedhesitanttomoveandthiscausedthemarkettostagnate.However,recruitmentstilloccurredinsomeareas,althoughthiswasgenerallydictatedbytheperformanceofindividualcompaniesratherthanbeingsectordriven.Wesawnotabledemandatthemiddlemanagementlevel(i.e.the£50 - 70ksalarybracket).Themainreasonforthiswasthatmanybusinesseswerefocusedonhiringjuniorprofessionalsinthefirsthalfof2012,whichcausedteamstobecomebottom-heavy.Asaresult,theysubsequentlyconcentratedonrecruitingindividualstofillthisexperiencegap.Seniortreasuryprofessionalswerealsoindemandassomebusinessessoughttobuildtheirtreasurydepartmentsfromscratch.Fortheseroles,employerstypicallylookedtohirecandidateswithstart-upand/orprovenprocessimprovementexperience.Thisdesiretoimprovesystemsandprocessesalsoledtogreaterdemandforcontractprojectsprofessionalsspecialisingintheseareas.Themajorityofsalarieseitherremainedconstantordroppedslightlyoverthecourseofyear.Thiswasprimarilytheresultofreducedjoblevelscausingsignificantcompetitionforvacanciesatalllevels.Duetotheriskaversenatureofthemarket,businessespreferredtohireonacontractortemp-to-permbasisinsomecases.Whentheywererecruiting,employersincreasinglyattemptedtohireforroleswithanexcessivelywideremitwithtoomanyresponsibilities.Thisledtodecreasedinterestinthepositiontherebycreatingasmallerpotentialtalentpoolforemployerstochoosefrom.Outlookfor2013Weexpectmoretreasuryprofessionalstoexplorenewopportunitieshavingsattightintheirexistingrolesforasustainedperiod.Mostdemandislikelytocontinueformiddlemanagersasfirmslooktobuildtheirtreasuryteamswithexperienceatthislevel.LONDONTREASURY-COMMERCE&INDUSTRYROLEPERMANENTSALARYPERANNUM£UKCONTRACTRATEPERHOUR(PAYE)£UK2012 2013 2012 2013GroupTreasurerFTSE100 £130k+ £140k+ £800+p/d £800+p/dFTSE250 £120k+ £120k+ £800+p/d £750+p/dTreasurerFTSE100 £85k+ £85k+ £600p/d £600p/dFTSE250 £80k+ £80k+ £600p/d £500p/dTreasuryManager4+yrs'exp £70k+ £75k+ £35+ £40+2-4yrs'exp £65k+ £65k+ £30+ £30+TreasuryAnalyst5+yrs'exp £55k+ £55k+ £30+ £30+2-5yrs'exp £45k+ £45k+ £25+ £25+1-2yrs'exp £35k+ £35k+ £20+ £18+TreasuryAccountant/Controller5+yrs'exp £80k+ £75k+ £50+ £50+2-5yrs'exp £60-80k £55-75k £40+ £40+0-2yrs'exp £50-60k £45-55k £30+ £25+NB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.p/d=perday45RobertWaltersGlobalSalarySurvey2013