EMPLOYMENTMARKET TRENDSIN SINGAPORE
Robert HalfEmployment ReportFor First Half of 2015
© 2015 Robert Half. An Equal Opportunity Employer.
©Robert Half. An Equal Opportunity Employer.
ABOUT THE REPORT
This bi-annual report provides insights into the hiring plans across finance, accounting, banking and financial services, and IT for the first half of 2015.
BANKING &FINANCIAL SERVICES
COMMERCE& INDUSTRY
INFORMATIONTECHNOLOGY
© 2015 Robert Half. An Equal Opportunity Employer.
For this report, we polled:
OPINIONS THAT MATTER
150 CFOs and finance hiring decision makers
150 senior financial services leaders
100 CIOs/CTOs
© 2015 Robert Half. An Equal Opportunity Employer.
BANKING & FINANCIAL SERVICESEmployment Trends for
© 2015 Robert Half. An Equal Opportunity Employer.
52% 39%
2% 7%
Addingpermanent positions
Only fillingvacated positions
Forecasting decreasesand reducing headcounts
Freezingheadcounts
BANKING & FINANCIAL SERVICESHiring Projections
BANKING & FINANCIAL SERVICESConfidence Levels
© 2015 Robert Half. An Equal Opportunity Employer.
How optimistic are leaders about their companies’ business growth trajectory in Singapore?
BUSINESS CONFIDENCE
96%
An overwhelming 96% of leaders said they are confident of their companies’ growth prospects.
Confidence all round
ECONOMIC CONFIDENCE
88%
88% of leaders expressed confidence in Singapore’s
growth prospects.
Counting on Singapore
© 2015 Robert Half. An Equal Opportunity Employer.
Opportunities abound for financial services professionals with the relevant experience this first half of the year.
© 2015 Robert Half. An Equal Opportunity Employer.
In the first half of 2015, demand is in the favour of experts with experience in:
BANKING & FINANCIAL SERVICESMost Sought After Talent
Operationssupport
Accounting/Finance
Risk
Revenue-generating/Business development
Compliance
Challenged to find skilled talent
100%
All banks and financial services companies are facing a challenge
finding skilled talent.
Skilled talent in short supply
Concerned aboutlosing top talent
100%
At the same time, companies are also concerned with retaining
quality talent.
Retention of talent a priority
© 2015 Robert Half. An Equal Opportunity Employer.
BANKING & FINANCIAL SERVICESHiring Trends
COMMERCE & INDUSTRYEmployment Trends for
COMMERCE & INDUSTRYHiring Projections
© 2015 Robert Half. An Equal Opportunity Employer.
53%Ramping up
permanent hiring
39%Replacement
2%Anticipating slowdown
in recruitment
6%Not takingany action
© 2015 Robert Half. An Equal Opportunity Employer.
CFOs and finance leadersare feeling optimistic about growth, and have confidence in Singapore’s economic prospects.
89%
©Robert Half. An Equal Opportunity Employer.© 2015 Robert Half. An Equal Opportunity Employer.
How optimistic are leaders about their companies’ business growth trajectory in Singapore?
BUSINESS CONFIDENCE
Nine out of 10 surveyed expressed that they are confident of business
growth in their companies.
Positivity is in the air
ECONOMIC CONFIDENCE
The same number of respondents also conveyed confidence in Singapore’s future growth.
The future looks bright
89%
COMMERCE & INDUSTRYConfidence Levels
© 2015 Robert Half. An Equal Opportunity Employer.
Demand for finance and accounting professionals is healthy across companies in all sectors, especially for those with the following skills:
COMMERCE & INDUSTRYMost Sought After Talent
Internal Audit
Business/Financial analysis
TaxTreasury
Cost accounting
Accounting
Challenged to find skilled talent
94%
Concerned aboutlosing top talent
89%
With the influx of hiring happeningin early to mid 2015, a major
challenge for companies everywhereis employing skilled talent.
Skilled talent wantedRetaining existing employees is on the minds of employers and
hiring managers too.
Preserving quality talent
© 2015 Robert Half. An Equal Opportunity Employer.
COMMERCE & INDUSTRYHiring Trends
INFORMATION TECHNOLOGYEmployment Trends for
© 2015 Robert Half. An Equal Opportunity Employer.
INFORMATION TECHNOLOGYHiring Projections
50%Increasing headcount
of permanent staff
42%Filling up
vacated positions
2%Expect a decline
in hiring
6%Freezing
headcounts
84%
©Robert Half. An Equal Opportunity Employer.© 2015 Robert Half. An Equal Opportunity Employer.
How optimistic are leaders about their companies’ business growth trajectory in Singapore?
BUSINESS CONFIDENCE
95% of CIOs surveyed are confident of business progress in
their companies.
Good news on the horizon
ECONOMIC CONFIDENCE
Confidence in Singapore is strong with 84% of CIOs expressing
confidence in economic growth.
Singapore will thrive
95%
INFORMATION TECHNOLOGYConfidence Levels
IT professionals are sought after across companies in all sectors. Top skills in demand include:
INFORMATION TECHNOLOGYMost Sought After Talent
© 2015 Robert Half. An Equal Opportunity Employer.
Security
Softwaredevelopment
Applicationsdevelopment
Projectmanagement
Networking
Data/Databasemanagement
© 2015 Robert Half. An Equal Opportunity Employer.
The IT sector has always been a hotbed for talent, and this first half of the year’s no different.
Challenged to find skilled talent
98%
Concerned aboutlosing top talent
95%
Technology as an industry moves at breakneck speed so finding the
right fit for the company has been a concern for 98% of CIOs.
Finding the right fitA desire to retain existing top staff
have 95% of CIOs losing sleep too.
Retention is key
© 2015 Robert Half. An Equal Opportunity Employer.
INFORMATION TECHNOLOGYHiring Trends
© 2015 Robert Half. An Equal Opportunity Employer.
We hope this report has been useful and invite you to contact us for help with any of your recruitment needs.
For more information, please visit:
roberthalf.com.sg/employment-report-h1-2015
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