Singapore continues to be a strategic platform for many brands – be it for geographical or tax reasons – leading to a booming retail industry. This has translated in a majority of companies committing resources and headcount in Singapore.
According to the Robert Walters Q2 Retail Industry Market Update, the majority of HR roles recruited for in the sector were junior level positions circa S$50,000 to S$80,000. Recruitment for senior–level HR roles was sporadic at best and usually went to internal candidates.
Recruitment activity for the sales & marketing function was the most balanced, with demand for junior to senior level positions. Retail operations roles continued to be in high demand, which led to active poaching amongst the luxury brands. Other roles recruited for in the last six months included country managers, heads of sales, retail directors and managers, as well as brand managers.
Recruitment activity for finance positions was found to be fairly active across junior to mid-level managers, particularly due to store expansions and increased workload for back-office functions. Key roles being recruited for included financial planning & analysis, financial controller and pricing analyst, with salaries ranging between S$50,000 to S$120,000.
With consumers having higher purchasing power, it is likely that there will be more emphasis on increasing the level of sophistication of supply chain operations within retail organisations.
Moving forward, Robert Walters expects an increase in the demand for senior positions with salaries ranging between S$120k to S$200k per annum.
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