According to the latest annual Global Salary Survey 2014, by Robert Walters, employers in Singapore will be focussing their recruitment efforts on domestic hires in the year ahead. In line with this strategy of maintaining a local core of professionals, firms across industries are expected to increase training and development opportunities and chart clearer career paths for employees.

As Toby Fowlston, Managing Director of Robert Walters Singapore, commented:

“With the increasing competition for top Singaporean talent, firms are recognising the importance of developing existing employees with transferable skill sets. This allows for more promotion opportunities from within and rewards employees with an expanded scope of responsibilities. The professionals of 2014 see employment satisfaction beyond monetary rewards as career progression becomes top priority for job seekers.”

These are the other highlights from the report on recruitment, salaries and jobs in Singapore:

• Accounting and finance professionals with niche skills in areas such as treasury, taxation and internal audit will command premium salary increments.
• Risk, governance and controls will remain the focus for financial institutions amidst ongoing market volatility.
• Contract hiring is likely to be on the rise for HR professionals as employers prefer a flexible workforce, in particular for payroll staff and junior HR executives.
• As companies realise the value of providing the best possible customer experience, IT professionals with usability backgrounds will be highly sought-after.
• As Singapore looks to further regulate its banking industry and maintain its global reputation as a secure financial hub, greater demand is expected for legal and compliance professionals

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Amit Puri - Managing Consultant, Sandbox Advisors

Amit is an experienced career, business and HR professional. Previously, he has worked with organisations such as Bain & Company, Morgan Stanley and Citigroup. Amit has advanced degrees/qualifications in Career Counselling, Organisational Psychology & HR, Occupational Psychometrics, Career/Life Coaching & Business.

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