Hays released their job market report for various countries in Asia.
The report provides insights into the trends in the job market for the July to September 2016 period. It includes information on the amount of hiring activity expected and which skills are most in demand by employers.
Here are the highlights for different markets, including Singapore, Malaysia, Hong Kong, Australia and China.
Overall, hiring during the quarter is expected to remain steady in Singapore, even amidst fears of an economic slowdown.
Demand will be highest for professionals with the following skills:
- Accountancy & Finance: Internal Auditors and Regulatory Reporting professionals.
- Architecture: Design Architects and Retail & Transportation Architects.
- Audit, Risk & Compliance: Anti-Money Laundering professionals and Global Markets Experts.
- Banking & Financial Services: Treasury professionals and Private Banking professionals.
- Construction: Project Managers and Quantity Surveyors.
- Engineering: Retail Signalling Engineers and Tunnelling Engineers.
- Finance Technology: IT Project Managers and Front Office Application Developers.
- Human Resources: Learning and Development Managers and Talent Management professionals.
- Information Technology: Cyber Security professionals and IT Project Managers.
- Insurance: Claims and Underwriting professionals and Business Development Managers for Group Insurance.
- Life Sciences: Quality Control Managers and Key Account Managers.
- Procurement & Supply Chain: Category Managers and Procurement Managers.
- Property: Project Managers and Sustainability Specialists.
- Sales & Marketing: Digital Marketing Managers and Market Researchers.
To view the entire report for Singapore, along with details for different functions click here.
Steady economic growth will lead to a stable hiring market in Malaysia.
Demand will be highest for professionals with the following expertise:
- Accountancy & Finance: Financial Regulatory Reporting professionals and Finance Business Partners.
- Banking & Financial Services: Compliance Managers and Anti-Money Laundering professionals.
- Contact Centres: Customer Analytics Consultants and Heads of Contact Centre.
- Finance Technology: Data Analysts and IT Security Managers.
- Human Resources: Recruitment Partners and Learning and Development Managers.
- Information Technology: Software Developers and Enterprise Architects.
- Insurance: Risk Managers and Internal Auditors.
- Office Professionals: Executive Assistants and Office Managers.
- Sales & Marketing: Sales and Marketing Managers and Digital Marketing Managers.
- Supply Chain: Demand Planners and Head of Operations.
To view the entire report for Malaysia, along with tons of detail for different functions click here.
A growing demand from Chinese firms, for e-commerce and banking professionals, is one of the key highlights in the Hong Kong job market.
Demand will be strong for people with the following skills:
- Accountancy & Finance: Compliance Managers and Accountants.
- Banking & Financial Services: Risk Specialists and Relationship Managers.
- Engineering: PLC SCADA Engineers and ELV Engineers.
- Life Sciences: Regulatory Affairs professionals and Product Specialists.
- Information Technology: IT Security Managers and Network Engineers.
- Insurance: Pension Business Development Managers and Channel Development professionals.
- Procurement: Category Managers and IT Procurement professionals.
- Property: Engineers with qualifications in E&M and Project Managers.
- Sales & Marketing: Digital Marketing Managers and E-Commerce professionals.
- Supply Chain: E-commerce-related Logistics Managers and Regional In-house Logistics Specialists.
To view the entire report for Hong Kong, along with details for different functions click here.
A rise in job creation is expected in many sectors, as a result of market positivity, with especially high levels of hiring activity in the professional services sector.
These are the skills most in demand:
- Accountancy & Finance: Company Accountants and Financial Controllers, Financial Accountants, Business Analysts, Cost Accountants and Management Accountants.
- Architecture: Design Architects, Project Architects and Town Planners.
- Banking: Financial Planners, Client Services Officers, Anti Money Laundering professionals and Compliance professionals.
- Contact Centres: Telemarketers and Inbound Customer Service.
- Education: Mathematics Teachers and Science Teachers.
- Energy: Design Engineers, Renewable Developers, Business Development Managers and Power Generation Engineers.
- Engineering: Civil and Structural Engineers, Revit Drafters, CAD Operators and 12D Operators.
- Healthcare: Social Workers, Physiotherapists and Psychologists, as well as experienced Personal Care Assistants and Nurse Managers.
- Human Resources: HR Business Partners, HR & Payroll Managers and Project Managers.
- Information Technology: DevOps Engineers, Office 365 Implementation Engineers, Network Security Engineers, UI/UX Front End/Mobile/Web Developers, CRM Developers and .Net Web Developers.
- Insurance: Life insurance Claims Consultants, Senior Claims Consultants and Senior Underwriters.
- Legal: Commercial Property and Construction Lawyers.
- Life Sciences: Clinical Research Associates.
- Logistics: Logistics, Supply Chain and Warehouse Managers.
- Manufacturing & Operations: Quality Assurance Managers, Engineering Managers with FMCG experience, Planners and Production Supervisors.
- Marketing: Marketing Communications professionals, Internal and External Communications Managers, Graphic Designers and Marketing Managers.
- Office Support: Executive Assistants, Personal Assistants and Corporate Receptionists.
- Procurement: Contract Managers, Procurement Managers and Sourcing Specialists.
- Retail: Merchandise Planners, Merchandise Allocators and Store Managers.
- Sales: Business Development Managers, Key Account Managers and Account Development Managers.
To view the entire report for Australia, along with details for different functions click here.
The big growth in internet-related businesses will drive a lot of candidate demand in China.
Simon Lance, MD for Hays China, states, “Internet is penetrating nearly all industries in China as innovative and revolutionary products strike a chord with consumers.
In this quarter, candidates with a proven track record of handing online businesses will be actively sought after as most companies speed up their go-digital campaigns to vie for bigger market share.”
Demand will be strong for people with the following skills:
- Accountancy & Finance: FP&A Managers and Accounting professionals.
- Banking & Financial Services: Credit Managers, Crisis Managers and Overseas Investment Managers
- Education: Digital Marketing Managers and Course Designers.
- Human Resources: Organisation Development Directors and C&B Managers.
- Information Technology: Data Scientists and Algorithm Researchers.
- Legal: In-house Advisors and Compliance Managers and Legal Counsels.
- Life Sciences: Key Account Managers and Research & Development professionals.
- Manufacturing & Operations: Business Development Managers, Quality Assurance professionals and Operation Managers.
- Oil & Gas: Sales Managers and Business Development Managers.
- Sales & Marketing: Social Media Managers and E-commerce Marketing Managers.
To view the entire report for China, along with details for different functions click here.