In anticipation of stronger digital banking infrastructure, firms in Singapore are looking for employees with specialized skills in technology and finance, recruitment consultancy Michael Page said.
Singapore is a «candidate's market» and those with niche skills in the financial sector, such as Big Data, cloud computing and information security, can command a 12 to 15 percent salary increase when switching jobs, according to the latest Singapore Salary Benchmark.
The annual survey published by Michael Page noted that expertise in different transaction platforms, digitization, artificial intelligence (AI) and analytics, as well as governance and compliance, will be in high demand as Singapore hones its value proposition as a hub for premium high-tech regional and global services, and new regulations kick in.
Firms to Pay for Expertise
Apart from investing in networks and systems, businesses are also expected to invest in crucial skillsets by hiring the right talent at a salary premium or upskilling their employees with training and development to meet market pressures, the recruitment consultancy said.
Among the trending skills the survey highlighted are stakeholder management, emerging market exposure, and tech savviness with functional expertise.
«In order to secure employment, professionals will require strong stakeholder management skills as well as display a level of technology know-how combined with functional expertise within financial services,» said Nilay Khandelwal, managing director, Michael Page Singapore.
