SUBSCRIBE: Free email newsletter

Human Resources

Toggle

Article

SabrinaZolkifi_Jan2013_interview-in-progress

Half of CFOs maintaining headcount

Have you done anything impressive in the area of recruitment and talent acquisition? Of course you have. Don’t keep it a secret, enter it into the Asia Recruitment Awards! Position your company as an employer of choice at the Asia Recruitment Awards - entries open now!

Local chief finance officers (CFOs) are confident of their business growth this year, with a third planning to increase headcount and half aiming to maintain current numbers.

Of the 300 CFOs and finance directors surveyed by Robert Half, 78% in commerce and industry and 83% in banking and finance services are confident of the country’s economic growth.

Internally, they are also confident of their organisation’s business growth, with 89% of those in commerce and industry and 85% of those in banking and financial services reporting so.

However, Stella Tang, director of Robert Half Singapore said, these strong outlooks are by no means an excuse for business leaders to “rest on their laurels”.

“Even those who are planning to maintain headcount over the next few months need to continuously invest in recruitment and retention programmes to ensure that they do not lose existing staff to other opportunities or miss out on top talent,” Tang said.

On the flipside of the survey, there is still a huge percentage of finance leaders who are concerned over staff retention this year.

Leaders in banking and finance (92%) were more worried about losing their top performers to other opportunities, as compared to 86% of commerce and industry leaders. Many were also concerned about talent attraction, with 94% of financial services leaders and 87% of commerce and industry leaders highlighting attraction as a major challenge.

“To help improve loyalty, employers need to remember there are other motivators beyond a good salary,” Tang said.

“For example, offering a clear career path, flexible work arrangements, and the opportunity to work with a mentor and in an environment where the employee can play a significant role in executing business strategy.”

Workforce Mobility Interactive: only regional conference on employee mobility and expatriate management issues. Limited to 100 HR leaders and senior mobility specialists,
request your complimentary invitation now »

Read More News

Trending

Leave a Reply

You must be logged in to post a comment.