Fintech talent remains hotly in demand with 94 percent of relevant employers in Singapore claiming that the city-state faces a shortage.
This was sufficient to affect 64 percent of employers which struggled to hire fintech talent and even for those that succeed, retention is also a challenge with 37 percent of fintech professionals claiming to have changed jobs in the last 12 months.
The data was collected through a Michael Page survey and published in its latest Fintech Employment 2019 report.
According to the recruitment firm’s Singapore managing director, Nilay Khandelwal, the city-state needs to address the shortage by cultivating talent early through education to ensure sustainable growth in the sector.
Capabilities, Career and Culture
The survey said that 21 percent of professionals expected a premium of 12-15 percent from newly secured roles. But once secured, retention will be less about pay.
«Candidates in this space stated that their key motivators are technological capabilities and future adoption, a clear career path and company culture fit,» Khandelwal added.
The survey was conducted in June and includes responses from 160 companies and professionals in Singapore across the technology and financial services sector.
