Key employers in Singapore are looking to tap into the flexible finance technology talent pool over the January to March quarter to ensure vital IT projects are delivered on time.
Headcount restrictions in many organisations, including a number of large foreign banks, could see temp and contract roles comprise as much as 50 per cent of the new finance technology jobs coming to market between January and March, according to the latest Hays Quarterly Report for Singapore.
“Finance technology candidates well versed in the software and systems that underpin audit, risk and compliance functions will be highly sought after this quarter and beyond,” explains Lynne Roeder, Managing Director for Hays in Singapore.
“Cyber security and also achieving full compliance with Singapore’s developing regulatory environment is a key current priority for many banks and insurance companies,” says Lynne.
“Flexible arrangements will be the preferred option for many of these employers to enable them to harness high-level skills for a set period of time. Bringing in finance technology talent on a contract basis means companies can also run a number of projects with different areas of focus concurrently where needed.”
“Based on our discussions with employers, contractors will be brought in this quarter to fill project management roles linked to business change, regulatory change and compliance management.”
“The good news for employers is that contract assignments are preferred by many of Singapore’s top finance technology talent for reasons of professional challenge and, in some cases, higher remuneration but organisations should be prepared to compete for the best candidates.”
“Talent with the right operational skills and proven experience in delivering IT projects on time and on budget will be in highest demand so candidates should prepare to detail their specific career achievements during the application process.”
To read the full Hays Quarterly Report, including candidate and employer trends and future issues, please visit https://www.hays.com.sg/report/index.htm
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About Hays
Hays plc (the "Group") is a leading global professional recruiting group. The Group is the expert at recruiting qualified, professional and skilled people worldwide, being the market leader in the UK and Asia Pacific and one of the market leaders in Continental Europe and Latin America. The Group operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments. As at 30 June 2016 the Group employed 9,214 staff operating from 252 offices in 33 countries across 20 specialisms. For the year ended 30 June 2016:
– the Group reported net fees of £810.3 million and operating profit (pre-exceptional items) of £181 million;
– the Group placed around 67,000 candidates into permanent jobs and around 220,000 people into temporary assignments;
– 22% of Group net fees were generated in Asia Pacific, 45% in Continental Europe & RoW (CERoW) and 33% in the United Kingdom & Ireland;
– the temporary placement business represented 58% of net fees and the permanent placement business represented 42% of net fees;
– Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Colombia, Chile, China, the Czech Republic, Denmark, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Japan, Luxembourg, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, Spain, Sweden, Switzerland, UAE, the UK and the USA.