Together, we’ll map out career-defining, life-changing pathways to achieve your career ambitions. Browse our range of services, advice, and resources.

Learn more

We understand that no two organisations are the same. Find out more about how we've customised our recruitment offerings to help clients across South East Asia meet their needs

Read more
About Robert Walters Singapore

Since our establishment in 1998, our belief remains the same: Building strong relationships with people is vital in a successful partnership.

Learn more

Work for us

Our people are the difference. Hear stories from our people to learn more about a career at Robert Walters Singapore.

Learn more

Hiring in Commerce Finance: Firms willing to pay premium for analytical skills and collaborative spirit​

In 2022, digital transformation brought massive change to the Commerce Finance space, with teams sizing down as automation took over transactional and mundane analytical tasks. Firms are now willing to pay a slight premium for talents who showcase excellent business stakeholder management and predictive data analytics skill sets. 

“Faced with the need to deliver short to medium-term results, companies are increasingly hiring skilled, experienced candidates who can hit the ground running fast, and less so for a candidate’s potential,” shares Zen Soh, Manager of Commerce Finance at Robert Walters Singapore. 

On a brighter note, Singapore remains an attractive hub for many firms looking to expand and grow into the region. For that reason, Zen notes, there are still plenty of opportunities on the market for promising candidates.

Read on to find out more about Zen’s expectations of the labour market and hiring trends for Commerce and Finance professionals in 2023, with an emphasis on permanent roles.

Hire with potential in mind 

“Due to the shortage of finance professionals with data analytics skills sets, we’ve seen a handful of companies who are collaborating with learning institutes to equip their new employees with the necessary skills sets for the role,” says Zen. She advises more firms to do the same and hire based on potential. 

Zen also highlights that employers are placing greater emphasis on staff retention, with an added importance on employer branding to appeal more to existing and potential hires. Firms will also look into streamlining work processes, so it is expected that teams will become leaner and more productive.  

More than just technical skills

Finance professionals that can showcase their ability to understand different perspectives of the business and communicate well with various functions will be in strong demand. Also valued are talents who can go beyond historical data, and use predictive data skill sets to generate meaningful insights that drive sound business decisions. 

Zen says, “Strong business partnering skill sets is a must. Be the bridge between business leaders and the shared services. Talents who are not afraid to take on new finance projects that require collaboration with various departments will be highly sought after.”

She also foresees a heavy demand for roles such as finance business partners, analytics finance project professionals, finance controllers, and regional business controllers.

Quiet quitting a cause for concern 

Findings from Robert Walters’ recent survey around the ‘Great Resignation’ found that in Singapore, 80% of professionals surveyed have considered resigning or switching jobs in the past year. However, 36% did not proceed with the resignation due to uncertainties such as new workplace cultures, role suitability and job security. 

Noting these findings, Zen advises that employers genuinely listen to what their employees are seeking for in their career and help them craft a clear development plan towards their goals. “If they don’t feel that anything has been done and they can’t achieve their goals, they will look elsewhere.”

While salary increments are a main consideration for job moves, it should not be seen as the only deciding factor. Zen notes that it is important for employers to retain talent by offering employees intangible benefits such as flexible work arrangements, a change of job responsibilities and a clear career development plan. She adds that regular appraisals would also help to keep both employees and employers aligned in expectations and goals.

Niche roles may see pay jumps

Standard positions within finance functions can expect a 10% to 13% salary increment. “Niche combination roles such as analytics and finance business partners will be able to demand a slight premium in their pay jump,” Zen points out.  

Focus on staff retention and employer branding to appeal to existing and potential hires.


Significant jump in salaries in key areas

“We expect to see salaries in several areas, such as technology, increase significantly in 2022 due to shortage of talent. Across other areas, we expect to see an average of 10% to 15% jump for candidates moving between jobs,” Monty concludes.

Find out more

Request access to our 2023 Salary Survey to benchmark salaries and to find out more about key hiring trends in the Commerce Finance industry in Singapore.

Share this article

Related content

Submit a Vacancy
Salary Survey
Hiring Advice
Get in touch

Find out more by contacting one of our specialist recruitment consultants

Related content

View All

Hiring in South East Asia: Guide and Trends in 2024

South East Asia hiring market to be driven by digitalisation, sustainability and ESG in 2024 After an extended period of widespread spending, the South East Asia job market in 2023 was marked by inflation and a slowdown in consumer demand. Even though some consumers have resumed in-store retail expe

Read More

Hiring in Singapore: Guide and Trends in 2024

Workplaces in Singapore got more diverse in 2023, with companies embracing individuals from a wide range of backgrounds as part of a growing emphasis on diversity and inclusion. According to Monty Sujanani, Country Manager at Robert Walters Singapore, this inclusivity extended beyond culture, encomp

Read More

Hiring in Singapore: Engage talent amidst focus on Tech, ESG and staff retention

Compared to the height of the COVID-19 pandemic in 2021, Singapore saw a bigger appetite for hiring in 2022 – with two big drivers being the tech and healthcare industries. Yet, according to Monty Sujanani, Country Manager of Robert Walters Singapore, “There remains a shortage of candidates in these

Read More

I'm Robert Walters Are you?

Come join our global team of creative thinkers, problem solvers and game changers. We offer accelerated career progression, a dynamic culture and expert training.