SG Market Trends Report 2014 1H

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MARKET TRENDS & SALARY REPORT 1H 2014 SINGAPORE

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Market Trends

Transcript of SG Market Trends Report 2014 1H

Page 1: SG Market Trends Report 2014 1H

MARKET TRENDS & SALARYREPORT1H 2014 SINGAPORE

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WELCOME

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CONTENTS

Introduction 4

Singapore Market Overview

Banking & Financial Services 6

Finance & Accounting 10

Sales & Marketing 12

Supply Chain & Procurement 16

Technology 18

Singapore Employee Survey Results 23

Singapore Employer Survey Results 25

About Ambition 26

Ambition – Market Trends & Salary Report 1H 2014 Singapore

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INTRODuCTION

The demand for high quality talent has never been more pressing, particularly for those native to Singapore who have overseas experience.

As you will see from our divisional summaries, the second half of 2013 has seen consistent demand across most industries and functions. The general business confidence in Singapore is positive and many clients anticipate growth in 2014. However, whilst confidence remains high, talent pools remain shallow, particularly when you take into account the continued focus on hiring locally before hiring foreigners which is underscored with the Fair Consideration Framework (FCF) due to be implemented in August 2014.

This means that a company’s attraction and retention strategies have never been more important as there will be no lack of opportunities for high calibre talent in Singapore.

This demand in Singapore is also seen across South East Asia, as markets like Malaysia, Indonesia, Philippines, Vietnam and Thailand all experience strong growth. The region continues to throw up exciting opportunities and companies, international, regional and local look to increase their footprint.

At Ambition, we remain committed to Building Better Futures and providing our clients access to the best possible talent in the market and our candidates’ access to career opportunities to fulfil their personal career aspirations. Relationships sit at the core of our ability to do this, and I would like to take this opportunity to thank you for working with Ambition. I hope you find this Market Trends Report useful, and as always, please contact us if we can provide any additional assistance.

Kind regards

Paul Endacott Managing Director, South East Asia

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BANKING & FINANCIAL SERVICES

The second half of 2013 showed some uplift as the same period in 2012 across the Singapore Banking & Financial Services sectors. This increase in demand is largely driven by a strong focus for critical positions across Compliance, Regulatory, Operations and Contracting/Temporary functions.

Whilst there is a continued focus on cost and location strategies within the banking sector, the impact and magnitude of such offshoring exercises are smaller than the last two years. Even with organisations still cautious about their headcount numbers, there are specific areas where hiring has been more active.

- Compliance has continued to be a focus due to the tightening of regulations mainly in AML and increased global regulation. We are beginning to see Risk and Compliance functions incorporated directly into the business units such as Operations and Technology instead of being a separate entity.

The demand for AML/KYC professionals is also looking to increase in the region with local regulators throwing the spotlight on identifying issues in reporting suspicious activities. This has shifted focus for AML/KYC professionals from Europe to Asia as the region catches up on its policies and procedures of on-boarding new clients.

- Operations has seen a significant uplift in recruitment in 2013 following the big offshoring of plain vanilla processing positions to lower cost locations since the beginning of Q3 2011. This year has seen an increase in hiring activities across some of the areas that require subject matter experts in Client Onboarding (COB) / Know-Your-Client (KYC) due to different regulations impacting different jurisdictions, for example EMIR and Solvency II in Europe and Dodd-Frank and FATCA for US.. These new regulations require cleaner data to improve risk management in the financial system.

- The contracting market is growing in Singapore. In the last year, the mindset and attitude of the local market towards contract positions has changed significantly. In the current market, 70% of the requirements are at the junior Analyst levels with 20-30% on AVP and VP positions. Fresh graduates are beginning to see this as a stepping stone into the financial services industry to gain experience and build their resumes.

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For candidates with work experience in the banking industry, a contract position gives them the chance to pick up new asset classes or functional skills. The average length of these contracting roles is between 6 and 12 months. Areas that require contract/temp workers are across Finance, Operations, Risk, Compliance, Product Control and Project/Change positions. In line with the requirements for COB/KYC specialists, this remains a hot area.

The sector remains cautiously optimistic about 2014, with steady requirements for business critical functions. With bonus and salary adjustments to be announced in the coming 1 to 2 months (after the Chinese New Year period), movements and subsequent hiring activity will follow. It is also important to note that with the Fair Consideration Framework (FCF) to be implemented in August 2014, there will be a continued challenge for firms to retain talent and to ensure that they are adopting creative recruitment strategies in a talent-short environment.

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Banking & Financial Services Finance & Accounting Professionals

Job Title Experience Annual salary range (S$)Audit / Internal Control

Head of Audit / Internal Control / Operational Risk 15+ 250K+

Senior Vice President 15+ 180K - 250K

Vice President 12 - 15 140K - 200K

Assistant Vice President 7 - 12 85K -140K

Analyst / Associate 1 - 8 45K - 90K

CFO

Regional Chief Financial Officer 15+ 300K - 500K

Country Chief Financial Officer 12+ 200K - 300K

Compliance

Head of Compliance 15+ 240K+

Senior Vice President 15+ 180K - 220K+

Vice President 12 - 15 130K - 180K

Assistant Vice President 7 - 12 80K - 130K

Senior Associate 3 - 7 60K - 90K

Compliance Officer / Analyst 1 - 3 40K - 80K

Management Reporting / FP & A

Head of Management Reporting 15+ 250K+

Senior Vice President 15+ 180K - 220K

Vice President 12 - 15 150K - 180K

Assistant Vice President 7 - 12 80K - 130K

Management Accountant 3 - 6 60K - 90K

Junior Accountant / Analyst 1 - 3 40K - 60K

Product Control

Head of Product Control 15+ 250K+

Senior Vice President 15+ 200K - 250K

Vice President 10 - 15 145K - 200K

Assistant Vice President 6 - 12 85K - 145K

Associate 3 - 6 60K - 90K

Analyst 1 – 3 40K - 60K

Regulatory Reporting / Financial Accounting

Regional Financial Controller 15+ 220K+

Senior Vice President 15+ 180K - 220K+

Vice President 12 - 15 150K - 180K

Assistant Vice President 7 - 12 80K - 150K

Accountant 3 - 6 60K - 90K

Junior Accountant 1 - 3 45K - 70K

Tax

Head of Tax (large bank) 15+ 220K - 300K+

Head of Tax (small bank) 12 - 15 180K - 280K+

Senior Vice President 15+ 180K - 220K+

Vice President 12 - 15+ 140K - 180K

Assistant Vice President 7 - 12 80K - 140K

Tax Accountant 3 - 7 50K - 80K

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Banking & Financial Services Operations & Risk Professionals

Job Title Experience Annual salary range (S$)Operations

Head of Operations 15+ 250K+

Senior Vice President 12+ 200K+

Vice President 12 - 15 150K - 200K

Assistant Vice President 7 - 10 70K - 140K

Associate 3 - 7 50K - 70K

Analyst 1 - 3 35K - 50K

Middle Office

Head of Middle Office 15+ 250K+

Senior Vice President 15+ 200K+

Vice President 12 - 15 160K - 200K

Assistant Vice President 7 - 10 80K - 150K

Associate 3 - 7 55K - 80K

Analyst 1 – 3 40K - 55K

Project Management

Head of Project Management 15+ 280K+

Senior Vice President 15+ 200K+

Vice President 12 - 15 160K - 200K

Assistant Vice President 7 - 10 80K - 150K

Associate 3 - 7 55K - 80K

Analyst 1 - 3 40K - 55K

Client Services

Head of Client Services 15+ 70K - 150K

Senior Vice President 12+ 200K+

Vice President 12 - 15 150K - 200K

Assistant Vice President 7 - 10 70K - 120K

Associate 3 - 7 50K - 70K

Analyst 1 - 3 35K - 50K

Credit Risk

Head of Credit Risk 15+ 250K+

Senior Vice President 12+ 160K - 220K

Vice President 10 - 12 130K - 160K

Assistant Vice President 6 - 10 85K - 130K

Associate 3 - 5 60K - 90K

Analyst 1 - 3 40K - 65K

Market Risk

Head of Market Risk 15+ 300K+

Senior Vice President 12+ 180K - 250K

Vice President 10 - 12 140K - 180K

Assistant Vice President 6 - 10 85K - 140K

Associate 3 - 5 60K - 90K

Analyst 1 - 3 40K - 65K

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FINANCE & ACCOuNTING

Recruitment needs for Finance & Accounting professionals remained relatively stable throughout 2013 with most businesses continuing to focus on the maximisation of revenues and cost containment.

Employers across industries remained cautious when it came to adding new Finance & Accounting headcount despite relatively steady growth in the region. There was also added pressure on maximising productivity with the existing headcount, and greater emphasis on better structuring Finance teams to support business strategies. This led to a greater demand for analytical and commercially astute finance business partners in newly carved out roles, along with finance process improvement and transformation positions. At the same time, we also saw an uplift in the demand for Compliance candidates as controls and processes need to be better aligned globally and regionally.

Whilst mature Finance setups continued to offshore their transactional Finance & Accounting roles to lower cost countries in the region, Singapore still remained a location of choice for smaller but high growth businesses to set up their Global / South East Asia Finance hubs. Growth sectors where new positions have been recruited were seen largely within the Media, Digital, High Tech, Industrial, Chemicals, Medical Devices and Life Science sectors.

The main bulk of job opportunities within the IT, FMCG, Retail, Pharmaceutical and Oil & Gas industries were due to natural attrition and we noted less urgency in replacing some of these roles. This led to a further increase in the demand for temporary and contract staff as employers preferred to hire only top calibre candidates and were prepared to wait. What is interesting is that short and long term contracts shed its negative stigma in 2013. We observed an increased receptiveness and willingness by candidates to take on contract roles, as long as the role was able to add value to the candidate’s experience.

With candidates clearly being aware of such volatility in the market, they are exercising caution in moving jobs. There was more reluctance in moving unless the job opportunity provided significant salary increments (15-20% and more) with attractive job prospects and development. Going into 2014 where employment regulations are set to tighten and the talent pool staying cautious, employers will find themselves having to offer a premium on salaries, and better position their employer value proposition to attract high performing Finance & Accounting talent.

Nevertheless, most employers remain prudently upbeat on hiring high calibre Finance & Accounting talent through 2014. With improved Finance structures now in place for many of the employers, we expect to see a general uplift in the recruitment of new Finance & Accounting headcount across levels, be it permanent or contract. Also with businesses looking to fortify their current growth plans, there will be continued demand for commercially focused Finance & Accounting talent.

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Finance & Accounting ProfessionalsCommerce & Industry

Job Title Experience Annual salary range (S$)Audit / Internal Control

Head of Audit 12 - 15 180K - 350K

Senior Audit Manager 8 - 10 120K - 180K

Internal Audit Manager 5 - 8 80K - 120K

Internal Auditor 3 - 5 50K - 80K

Financial Accounting

CFO 15+ 250K - 500K

Finance Director 12 - 15 200K- 300K

Regional Financial Controller 10+ 150K - 250K

Financial Controller 8 - 10 120K - 150K

Finance / Accounting Manager 6 - 10 80K - 120K

Financial Accountant 3 - 6 50K - 80K

Accounts Payable / Accounts Receivable Accountant Up to 8 years 40K - 60K

Management Accounting

Manager - Management Accounting 8 - 10 120K - 180K

Senior Management Accountant 5 - 8 80K - 100K

Management Accountant 3 - 5 50K - 80K

Planning & Analysis

Head of Planning & Analysis 10 - 12 140K - 220K

Financial Planning & Analysis 8 - 10 80K - 140K

Senior Financial Analyst 6 - 8 80K - 120K

Financial Analyst 3 - 6 50K - 80K

Tax

Vice President / Head of Tax 12+ 180K - 350K

Tax Director 10+ 200K - 350K

Tax Manager 8 - 10 110K - 200K

Tax Accountant / Senior Accountant 3 - 7 70K - 110K

Treasury

Head of Treasury 10 - 12 170K - 350K

Treasury Manager 7 - 10 90K - 170K

Treasury Accountant 3 - 6 50K - 90K

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SALES & MARKETING

Overall hiring across the Sales & Marketing function remained relatively steady throughout 2013 despite the usual slowdown in the market towards the end of the year. Most of the demand continued to be for revenue generating positions and then replacement roles as businesses started to look ahead to 2014.

Looking at specific industries, the last quarter of the year saw continued demand for strong industry experts in FMCG, particularly at junior to mid management levels. In what is a relatively saturated and competitive area we would expect this trend to continue as businesses look at more innovative ways to position their brands and take market share from their competitors.

We also saw equally positive activity within the luxury retail industry, especially in retail operations, where companies have become particularly sensitive to the rapid change in behaviour among consumers in Singapore which includes a demand for more online presence. The IT and Technology space, although a mature market in Singapore, still has a constant requirement for experienced sales professionals with strong vertical/sector specialisation.

A number of systems integration and IT services organisations have indicated strategic growth plans for Southeast Asia and are adding more sales and pre-sales head count for regional and local teams across APAC. There is also a continuous influx of software vendors from Europe and US offering cloud-based platforms coming into Singapore and broadening their reach in Asian emerging markets. Indonesia, Malaysia, Vietnam, Philippines and Thailand are usual targets with companies setting up locally in these countries.

Online Media & Travel companies remain very active in their hiring and anticipate growth in the coming year, as does the pharmaceutical and healthcare industries with particularly strong focus on the technical sales areas. Other areas of growth would include Professional Services where there has been an increase in demand for Business Development and Marketing roles as businesses re-align their focus to Southeast Asia.

Moving further into 2014, we expect more demand for Sales & Marketing professionals with digital competencies. This is especially so for online companies who continue to expand their reach regionally. However we also expect demand for digital skillsets across other industries as companies become more digitally savvy and have bought into the benefits of digital marketing over traditional methods. This change in mindset has seen marketing spend redistributed to these areas and will in turn create more opportunities throughout 2014.

Outside of digital, other hot skillsets include internal communications as companies increasingly see the value and importance of employee engagement. Salaries will remain relatively consistent going into 2014 but there will be instances where companies will be willing to give up to 20% increments to the right candidates.

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Sales & MarketingBanking & Financial Services Professionals

Job Title Experience Annual salary range (S$)Marketing Director 15+ 250K - 350K

VP Marketing 10+ 150K - 220K

Marketing Manager 6+ 80K - 130K

Executive Director, Corporate Communications / Affairs 20+ 350K+

Director, Corporate Communications / Affairs 15+ 175K - 275K

VP, Corporate Communications / Affairs 10+ 150K - 200K

AVP, Corporate Communications / Affairs 6 - 8 100K - 150K

Internal Communications Manager 6 - 8 100K - 125K

Executive Director, Events 20+ 200K - 300K

Director, Events 15+ 175K - 225K

Conference / Event Manager 6 - 10 80K - 120K

Event Specialist 3 - 5 60K - 80K

Media Relations Manager 6 - 8 70K - 100K

Head of Market Research / Business Intelligence 15+ 175K - 250K

Market Research / Business Intelligence Manager 8 - 10 100K - 150K

Commerce & Industry Professionals Job Title Experience Annual salary range (S$)Broadcasting / Entertainment

Vice President / Marketing Director 15+ 200K- 300K

Associate Director 10+ 150K - 200K

Marketing Manager 5 - 8 60K - 150K

Vice President / Director, Distribution 12+ 200K - 300K

Associate Director, Distribution 10+ 125K - 175K

Distribution Manager 6 - 8 80K - 120K

Vice President / Director, Advertising Sales 12+ 200K - 300K

Associate Director, Sales 10+ 125K - 175K

Sales Manager 8+ 80K - 130K

FMCG

General Manager 15+ 250K - 300K+

Sales Director 12+ 150K - 225K

Sales Manager 8+ 60K - 120K

Key Account Manager 5 - 8 50K -100K

Assistant Key Account Manager 2 - 4 40K - 55K

Marketing Director 15+ 125K - 220K

Marketing Manager 10+ 75K - 125K

Assistant Marketing Manager 6 - 8 60K - 90K

Senior Brand Manager 8 - 10 90K - 120K

Brand Manager 6 - 10 70K - 110K

Assistant Brand Manager 5 - 8 50K - 70K

Category Manager 5 - 8 90K - 130K

Assistant Category Manager 3 - 5 50K - 70K

Product Manager 5 - 8 50K - 80K

Assistant Product Manager 3 - 5 40K - 60K

Trade Marketing Manager 5 - 8 50K - 90K

Assistant Trade Marketing Manager 3 - 5 40K - 60K

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Commerce & Industry Professionals Job Title Experience Annual salary range (S$)IT / Telecommunications

Marketing Director 15+ 200K - 250K+

Marketing Manager 8+ 100K - 175K

Assistant Marketing Manager 6+ 50K - 80K

*Sales / Account Director 10+ 250 - 350K

*Sales / Account Manager 10+ 150 - 250K

Product Manager 3 - 5 60K - 90K

Professional Services

Marketing Director 15+ 150K - 250K+

Marketing Manager 6 - 8+ 80K - 120K

Business Development Director 15+ 150K - 200K

Business Development Manager 6 - 8+ 90K - 130K

PR Manager 6 - 8+ 70K - 110K

Publishing

Publisher 20+ 275K+

Circulation Director 15+ 150K - 225K+

Circulation Marketing Manager 6 - 8+ 60K - 90K

Circulation Sales Manager 6 - 8+ 60K - 90K

Adver tising Sales Director 15+ 150K - 200K

Adver tising Sales Manager 6 - 8 60K - 90K

Retail

Head of Marketing 15+ 180K - 250K

Marketing Manager 10+ 70K - 120K

Assistant Marketing Manager 5 - 8 40K - 70K

Marketing Executive 1 - 3 30K - 45K

Brand Manager 5 - 8 70K - 100K

Assistant Brand Manager 3 - 5 50K - 80K

PR Manager 5 - 8 60K - 80K

Assistant PR Manager 3 - 5 40K - 60K

Merchandising / Buyer Manager 8+ 70K - 100K

CRM Director 15+ 200K - 250K

CRM Manager 8+ 80K - 130K

* Inclusive of OTE (On Target Earning)

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Commerce & Industry Professionals

Job Title Experience Annual salary range (S$)Advertising Agency

Group Managing Director 20+ 500K+

Managing Director 15+ 250K - 400K

Business Director / Management Supervisor 12+ 175K - 250K

Client Services Director 12+ 150K - 300K

Strategic Planning Director 12+ 200K - 275K

Group Account Director 10+ 150K - 200K

Account Director 6 - 8 75K - 125K

Account Manager 5+ 40K - 60K

PR Agency

Managing Director 20 250K - 350K

Director / Practice Leader 15+ 175K+

Account Director 6 - 8 90K - 130K

Account Manager 5+ 40K - 70K

Online

Sales Director 15+ 200K - 250K

Sales Manager 8+ 100K - 150K

Online / Digital / E-commerce

Managing Director 12+ 250K - 400K

Marketing Director 10+ 150K - 300K

*Sales Director 10+ 150K+

Marketing Manager 5+ 75K - 125K

*Sales Manager 5+ 75K - 100K

Travel & Hospitality

Marketing Director 10+ 200k+

*Sales Director 10+ 150 - 200K+

Marketing Manager 6 - 8 70K - 120K

Account Manager 5+ 50K - 90K

Sales Manager 5+ 60K - 100K

* Inclusive of OTE (On Target Earning)

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SuPPLY CHAIN & PROCuREMENTSingapore has always been a strategic location in the heart of Southeast Asia serving as an important logistics hub and conduit for world trade. Supply Chain and Procurement remains a business critical function with the surge of investments pouring in from the West and contributing to the Asian cconomic development.

Particularly within the FMCG industry, increased rising costs and shifts in global economics, combined with consumers who want more variety, healthier products, higher quality and lower price means pressure on supply chain is constantly increasing. In order to remain competitive, the sector has seen many changes. Optimising supply chain processes, developing global strategies to leverage regional scale, and driving much more agility in customer responsiveness and new product introduction, are all fundamental to maintaining competitive advantage and sustainability.

Across the manufacturing sector, organisations are consistently aiming to achieve bottom line cost savings. Roles within procurement excellence, new process development and strategic sourcing are all on the rise. Companies see increasing benefit to relocate certain functions, especially at the operational level to more cost-effective countries across Southeast Asia. These functions include shipping, procurement, order processing and warehousing operations. With increasing pressure to better manage costs, roles related to business operations, process re-engineering and demand planning are in high demand.

Within the retail sector Commercial Buying and Demand & Supply planning functions remain business critical. The consumers are price sensitive and together with unpredictable consumer spending patterns and volatile macro-economic inflationary pressure, this creates a huge demand for talented executives who are able to deliver both short and long term sourcing, trading and merchandising strategies.

Job seekers with exposure to Trade Compliance and Regulatory experience will also find themselves presented with attractive opportunities in Singapore. In addition, businesses continue to ramp up levels of outsourcing to 3rd party logistics (3PL) providers, leading to an increase in hiring particularly across supply chain operations on the 3PL side.

Overall, employers and job seekers should be optimistic about the opportunities within Supply chain and Procurement over the next 12 months.

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Supply Chain & Procurement

Job Title Experience Annual salary range (S$)Supply Chain Years of experience Annual salary range (HK$)

Head of Supply Chain 18+ 180K - 300K+

Regional Supply Chain Director/VP 15+ 120K - 180k

Supply Chain Director/VP 12+ 120K - 200k

Supply Chain Manager 8 - 12 90K - 120K

Assistant Supply Chain Manager 6 - 8 60K - 100K

Senior Supply/Demand Planner 4 - 6 50K - 80K

Supply/Demand Planner 3 - 5 45K - 70K

Logistics / Warehouse / Operations

Head of Logsitics/Warehouse Operations 18+ 180K - 300K+

Regional Director/VP 15+ 160K - 200K

Director/VP 12+ 140K - 180K

Regional Manager 7 - 10 80K - 140K

Manager 5 - 8 55K - 80K

Assistant Manager 3 - 5 40K - 70K

Procurement/Purchasing

Head of Procurement 15+ 180K - 300k+

Director/VP 12+ 150K - 250K

Senior Manager 10+ 100K - 180K

Manager 8 - 10 80K - 130K

Assistant Manager 5 - 7 50K - 80K

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TECHNOLOGY Banking & Financial Services

The recruitment market for technology professionals in Banking & Financial Services has been very much a two tier story over the last couple of years.

One end is of growth, expansion and up skilling in Singapore, however the other end is of cost cutting and offshoring. From a recruitment perspective it appears that Singapore is going through a transition-ary period with regards to the types of profiles that banking and financial organisations are trying to hire and many companies are repositioning their business proposition to best suit the prevailing market conditions in Singapore.

Historically some large organisations have used Singapore as a low cost centre and placed a large number of back office technology and operations staff in Singapore. Typically, these are skillsets that are also available in more low cost centres such as India, China, Philippines and Malaysia. With the ascendancy of Singapore as a global business hub and the increase in cost (salary, infrastructure etc) of these roles, Singapore has been elevated to a mid-cost location. In response to both this and global economic factors, a number of organisations are either reducing their headcount or relocating these roles to a more cost effective location.

The up side to this is that the organisations that are committed to growth in Singapore are looking to increase their presence and up skill their staff in the republic. The majority of these requirements are highly skilled technical candidates, often with specific business knowledge whose physical presence in Singapore would be important to run these organisations. These are skillsets that are traditionally found in the more established markets (Europe, UK, US etc) and the fact that these vacancies are being positioned in Singapore is testament to the maturity of the market.

Many financial organisations have been setting up entities in Singapore over the last few years and we are seeing expansion across key teams in these organisations in line with their growth in headcount, profitability and global status.

Overall, we expect a healthier job market throughout 2014 relative to the last couple of years, but believe we will continue to see Banking & Financial Services organisations review their staffing strategies to ensure their resources are fully utilised.

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Technology Banking & Financial Services Professionals

Job Title Experience Annual salary range (S$)Business Change

IT Director (D-MD) 15+ 300K - 500K

Program Manager (VP-D) 15+ 150K - 300K

PM (AVP-VP) 10 - 15 110K - 210K

Business Analyst (AVP-VP) 6 - 15 80K - 170K

Application Development

Development Director (D-MD) 12 - 18 250K - 400K

Solutions Architect (VP-SVP) 12 - 18 150K - 240K

Development Manager (VP-SVP) 10 - 15 150K - 240K

C++/Java 6 - 15 80K - 140K

.Net 6 - 15 80K - 140K

RDBMS developer/DBA 6 - 15 60K - 150K

Infrastructure

Infrastructure Director (D-MD) 15+ 250K - 400K

Infrastructure Manager (VP) 10 - 15 150K - 250K

Infrastructure Engineer (AVP) 6 - 15 90K - 150K

Systems administrator 4 - 8 70K - 100K

L2 Support 5 - 10 60K - 100K

Trading systems support (Front Office) 6 - 15 70K - 140K

Info Security Director (VP-D) 15+ 150K - 250K

Info Security Specialist (AVP-VP) 8 - 15 100K - 150K

Security Analyst 4 - 8 70K - 100K

Security Analyst 70K - 100K

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TECHNOLOGY Commerce

On the Commerce side, the Technology market for 2013 remained very strong with a noticeable lift in the volume of mid to senior level opportunities within the MNC end user environment. As a result, we are seeing more IT Management grade roles come through. Our view is that this is due to an increase in the volume of transformational and large -scale IT programmes, and this trend is set to continue. Examples of this are end-to-end implementations or migrations of new systems such as cloud, ERP and infrastructure generally. Singapore very much remains the regional IT hub of choice for many MNCs, especially for niche skill sets or senior strategic functions; in some cases a global hub, which provides a continued flow of excellent opportunities for the local workforce.

On the other hand, within the IT & T space we have seen an increase in certain areas such as presales and solutions architecture, but a decrease in the volume of project management roles, which in our view means that bid lifecycles are taking longer than before. However, we do not see a decrease in the volume of bid activity overall, so we anticipate more project implementation opportunities coming up through 2014. This trend also shows there is more competition in the market in terms of the bid landscape for major implementations.

Our observation is that there has been more competition within the vendor and SI communities for niche infrastructure talent, such as those with virtualisation or storage solutions experience. As such, salaries in this area have increased and new roles are being created due to candidate job movements thanks to better offers from the competition.

There was also a noticeable rise in contract hiring due to budget constraints on permanent hires for mission critical roles within SMEs and MNCs. Approval of budget for permanent headcount has been tighter, which has led to a rise in renewable contract employment. Also, there has been a huge increase in demand for short-term contractors, which always poses a challenge in terms of finding appropriate talent that is willing & able to make the commitment.

As we go into 2014, we expect to see a similar level of demand to 2013 which bodes well for IT professionals that are open to potential career opportunities.

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Technology Commerce & Industry Professionals

Job Title Experience Annual salary range (S$)Business Change

IT Director 10+ 200K - 300K

Program Manager 8+ 160K - 240K

Project Manager 5 - 8 80K - 140K

Business Analyst 5 - 8 70K - 110K

Application Development

Solutions Architect 8 - 12 100K - 160K

Development Manager 8 - 12 100K - 140K

C++ / Java / .Net 5 - 10 60K - 120K

RDBMS developer/DBA 5 - 8 50K - 100K

Infrastructure

Infrastructure Director 10+ 160K - 220K

Infrastructure Manager 8+ 100K - 160K

Solutions Director / Head of Presales 8+ 150K - 250K

Solutions Architect / Presales 5+ 80K - 180K

Systems Administrator 5+ 60K - 110K

Network Administrator 5+ 60K - 90K

Network or Systems Engineer / 3rd line Support 5+ 60K - 100K

Capacity Planning Engineer 5+ 60K - 80K

Capacity Planning Manager 6 - 8 70K - 120K

IT Security Director 8+ 120K - 200K

IT Security Manager 6 - 10 80K - 120K

IT Security Analyst 5+ 60K - 100K

Helpdesk Team Lead / Manager 5 - 8 80K - 120K

Helpdesk / Desktop Support 3 - 7 40K - 70K

Notes to salary tables:

1. Titles and levels vary from organisation to organisation.

2. The salary ranges given are only approximate guides. For tailored salary advice, please contact us directly.

3. 12 month base salaries are assumed.

4. All other benefits and bonuses are in addition to these figures.

5. Bonus ranges can vary significantly from company to company and will be influenced by market conditions, business and individual performances. Bonus ranges from 1 month at the low end to 100%+ at the upper.

6. Holiday entitlements range from 12 - 25 days with senior executives not usually receiving less than 18 days. Less than 15 is very rare and 20 days is becoming the norm.

7. Healthcare policies are standard.

8. Pension plans vary with some companies offering greater than the standard contribution. Top up schemes can increase employer contribution levels as much as 15-20 percent of the base salary for senior executives.

9. * Inclusive of OTE (On Target Earning)

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Ambition – Market Trends & Salary Report 1H 2014 Singapore

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ABOuT AMBITION

Ambition is a leading global boutique recruitment business listed on the Australian Securities Exchange. With coverage across Hong Kong, Singapore, Malaysia, Sydney, Japan, Melbourne, Brisbane, Perth and London. We specialise within the areas of Banking & Financial Services, Finance & Accounting, Sales & Marketing, Supply Chain & Procurement, and Technology. We are best known for specialisation with in-depth knowledge and expertise, well-established networks and deep relationships.

What makes us different

We believe our size is a significant differentiator in the recruitment industry. We are big enough to undertake large scale projects for our clients, yet small enough to retain the soul and personality of a smaller company.

We work relentlessly to reinforce our purpose and culture and believe passionately that no one in the company is too small to make a difference.

As a global boutique recruitment business, our offices are extremely closely connected. Our management structure is geared towards facilitating communication between offices and our processes and technology go further to support this connection. Ultimately, this means we are well placed to source the hardest to find candidates and to extend client relationships to our international office network.

For more information, please visit www.ambition.com.sg

Get Social

Ambition are committed to driving innovation and have a strong social media presence allowing us to interact and engage through videos, whitepapers, surveys, webinars, trends and blogs via LinkedIn, Twitter, YouTube and Facebook.

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NOTES

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Singapore65 Chulia Street, #39-05/06 OCBC Centre, Singapore 049513T: +65 6854 5600 F: +65 6854 5650

www.ambition.com.sg

BuILDING BETTER FuTuRES.