Despite the slowdown in new job creation at large international companies, there is still significant demand for accountancy & finance professionals from Chinese SMEs that continue to grow, says recruiting experts Hays.
In its latest Hays Quarterly Report for April to June 2015, the recruiter says there is increasing demand for Finance Directors with IPO experience, Internal Auditors and Compliance Managers.
“SMEs and local firms - especially internet companies - are still growing and much of the staffing demand comes from these businesses,” says Simon Lance, Managing Director of Hays in China. “We expect this trend to continue as internet companies expand their customer base further.
“However, not many new jobs are being created at large organisations due to ongoing restructuring. We are currently seeing more replacement roles than new roles at larger companies, as traditional industries such as manufacturing and FMCG are downsizing.
According to Hays, large employers still prefer candidates with previously similar industry exposure, especially in FMCG, life sciences, manufacturing and high-tech industries.
“‘Big 4’ experience is still highly regarded by employers, but they do have concerns over candidates with only ‘Big 4’ experience,” says Simon. “First-time movers out of the profession are in less demand since employers want candidates who have been tried and tested and can hit the ground running.
“In addition to technical skills, soft skills such as communication skills, business acumen and the ability to influence people are becoming crucial.”
In terms of skills in demand, Finance Directors with IPO experience are sought as many local companies are looking to go public. So too are Internal Auditors and Compliance Managers, says the recruiter.
“In 2014 the regulatory environment tightened so demand will remain strong this quarter for professionals who can help companies take steps to ensure their operations are in line with regulatory requirements, especially in the life sciences industry,” says Simon.
“Financial Planning and Analysis professionals continue to be sought by companies operating in commercial areas such as FMCG and life sciences because they are paying more attention to financial data in their business analysis. Candidates with analytical skills can provide management with information to make strategic decisions.
“Also in demand are Commercial Finance candidates with strong business acumen and good communication skills as they are needed to work closely with salespeople and drive business growth.”
For more insights on the skills in demand, see our Hays Quarterly Report.
In China Hays operates from four local offices: Shanghai, Beijing, Suzhou and Guangzhou.
Hays, the world’s leading recruiting experts in qualified, professional and skilled people.
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Hays is the leading global specialist recruiting group. It is the expert at recruiting qualified, professional and skilled people worldwide.
Hays Specialist Recruitment (Shanghai) Co., Limited ("Hays China") operates across the public and private sector, dealing in permanent positions. Hays China’s eighteen specialisms span Accountancy & Finance, Banking, Architecture, Construction, Education, Engineering, Executive, Finance Technology, Human Resources, Hays Resource Management, Information Technology, Insurance, Life Sciences, Manufacturing & Operations, Oil & Gas, Property and Sales & Marketing.
Hays China operates four local offices in Shanghai, Beijing, Suzhou and Guangzhou. It is the local representative office for Hays plc, which is a global company. As at 30 June 2014 the Group employed 8,237 staff operating from 237 offices in 33 countries across 20 specialisms. For the year ended 30 June 2014, Hays placed around 57,000 candidates into permanent jobs and around 212,000 people into temporary assignments. 24% of Group net fees were generated in Asia Pacific.
Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Colombia, Chile, China, the Czech Republic, Denmark, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Japan, Luxembourg, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, Spain, Sweden, Switzerland, UAE, the UK and the USA.