4 IN 10 ACCOUNTANCY AND FINANCE PROFESSIONALS IN ASIA OPEN TO NEW CAREER OPPORTUNITIES
Hays, the global leader in workforce solutions and specialist recruitment investigated the latest talent trends driving accountancy and finance professionals in Asia.
The 2024 Hays Asia Salary Guide which surveyed 8,525 skilled professionals and 3,089 employers throughout Asia revealed that 35% of accountancy and finance professionals were seeking a change of organisation while remaining within the same role or industry. 31% of respondents sought a promotion or a change of role within their current company, while 43% were open to new opportunities.
The 2024 Hays Asia Salary Guide which surveyed 8,525 skilled professionals and 3,089 employers throughout Asia revealed that 35% of accountancy and finance professionals were seeking a change of organisation while remaining within the same role or industry. 31% of respondents sought a promotion or a change of role within their current company, while 43% were open to new opportunities.
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“Professionals in this field today are generally hungry for career progression, and a desire to seek new challenges in the industry,” said Sue Wei, Managing Director at Hays Greater China. “With job availability balanced between qualified candidates and open roles today, employees need to identify what businesses today are looking for to position themselves favourably.”
Key Insights on Accountancy and Finance in 2024:
Managing data today is a crucial skill. As the need for accurate analysis grows more pertinent, more candidates are expected to be familiar with Enterprise Resource Planning (ERP) software.
Workplace transformations brought about by the introduction of new technology will require talented change managers to ensure smooth transitions as businesses look to move away from legacy processes.
Key Insights on Accountancy and Finance in 2024:
Managing data today is a crucial skill. As the need for accurate analysis grows more pertinent, more candidates are expected to be familiar with Enterprise Resource Planning (ERP) software.
Workplace transformations brought about by the introduction of new technology will require talented change managers to ensure smooth transitions as businesses look to move away from legacy processes.
2024’s Most In-Demand Accountancy and Finance Roles in China:
Asia Pacific Compliance Officer
China has increasingly become the first choice for more multinational companies in the
Asia-Pacific headquarters. At the same time, as many listed companies have reached a
relatively mature stage in the Asia-Pacific region, the global headquarters need to strengthen
the compliance control of various regions, including the Asia-Pacific. Compliance Officers
ensure that a company adheres to regulatory requirements, industry standards, and internal
policies to maintain legal and ethical integrity in financial operations.
Asia Pacific Auditor
Like Compliance Officers, many multinational companies have seen the need to strengthen
audit process within China and the Asia-Pacific region itself. Auditors help to ensure the
quality and clarity of financial reporting as well as effective operations.
Finance Business Partner
The competition in the Chinese market is becoming more and more fierce, and we put forward higher business and financial integration capabilities for financial functions. Financial Business Partners need to be able to see trends and risks of market changes through data to help the business achieve greater margins.
More details regarding accountancy and finance trends and associated in-demand jobs in China can be found in The Inside Story of Accountancy & Finance 2024. Download the Hays’ report here.
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About Hays
Hays plc (the "Group") is the world’s leading specialist in workforce solutions and recruitment, such as RPO and MSP. The Group is the expert at recruiting qualified, professional and skilled people worldwide, being the market leader in the UK, Germany and Australia and one of the market leaders in Continental Europe, Latin America and Asia. The Group operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments. As at 31 December 2023, the Group employed over 12,300 staff operating from 249 offices in 33 countries. For the year ended 30 June 2023:
– the Group reported net fees of £1,294.6 million and operating profit of £197.0 million;
– the Group placed around 76,800 candidates into permanent jobs and around 245,000 people into temporary roles;
– 15% of Group net fees were generated in Australia & New Zealand, 30% in Germany, 21% in United Kingdom & Ireland and 34% in Rest of World (RoW);
– the temporary placement business represented 57% of net fees and the permanent placement business represented 43% of net fees;
– Technology is the Group’s largest division, with 26% of net fees, while Accountancy & Finance (15%) and Engineering (10%), are the next largest
– Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, the Czech Republic, Denmark, France, Germany, Hungary, India, Ireland, Italy, Japan, Luxembourg, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Romania, Singapore, Spain, Sweden, Switzerland, Thailand, UAE, the UK and the USA