Financial services CFOs on talent management
Research commissioned by recruiter Robert Half shows that nearly half (45%) of Singaporean CFOs within financial services are planning to hire new talent to manage change and disruption in 2018.
Nearly as many (44%) plan to partner with other businesses (such as digital agencies) and 33% plan to upskill their existing employees.
The survey involved 75 CFOs within financial services in Singapore, and was part of a broader international workplace survey, which discusses talent management and trends in the workplace.
This positive hiring sentiment is unsurprising as the Monetary Authority of Singapore makes headway with its recently launched Industry Transformation Map (ITM), which will create up to 4,000 jobs in the financial services and Fintech sectors annually until 2020.
The ITM is in direct response to changing technologies and the way services are delivered and consumed – which calls for new skills and a revamped regulatory framework that responds to new risks and opportunities.
“As companies face increasing disruption and government regulation, it will be crucial for Singapore’s financial services leaders to hire and retain the right talent to take advantage of emerging opportunities, particularly with the ITM contributing greatly to placing more skilled workers in the market,” said Matthieu Imbert-Bouchard, Managing Director of Robert Half Singapore.
“Employers need to continually assess their talent management program to successfully source, hire, upskill, and retain skilled talent necessary to manage change and disruption in 2018 and beyond,” he added.