Updated: 05/16/2014 01:01

Salaries in finance, accounting sectors in Singapore likely to rise: Survey



Salaries in finance, accounting sectors in Singapore likely to rise: Survey

Recruitment firm, Robert Half, says salaries for finance and accounting professionals in Singapore are expected to rise. 

In a media release it said that the tight labour market would likely force companies to increase wages to attract and retain employees. 

More than half - 55 per cent - of companies in Singapore plan to increase wages for professionals in their finance and accounting department. 

Only one per cent of firms plan to cut wages, while the remaining 43 per cent plan to maintain salaries. 

Managing Director of Robert Half Singapore, Stella Tang, said retaining experienced finance and accounting professionals is a challenge as their skills are in high demand. 

She added that much of the increase in salaries in Singapore is driven by competition for the best staff. 

Finance and accounting employees here also have a good chance of getting larger bonuses, the survey found. 

Close to 40 per cent of local firms say they're likely to increasing bonuses, while 59 per cent are paying the same as last year. 

The survey was conducted in 16 markets and covered 2,431 chief financial officers, including 150 from Singapore. 

It was completed in January this year.

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