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Company: Robert Walters
An interview with Robert Walters, chief executive of Robert Walters
What will 2012 hold for financial services hiring? Is RBS a precursor for disaster elsewhere? Will hiring in Asia really go the way of hiring in Europe? We asked Robert Walters, chief executive of the eponymous recruitment firm. This is what he said: Q: Is 2012 going to be a bad year for financial services [...]
It’s tough out there: Why some employees no longer care about job offers, pay rises and bonuses
A worsening employment market and redundancies in the financial sector have transformed the expectations and behaviour of employees in Hong Kong and Singapore. Compensation was once widely seen as the biggest determining factor when moving firms, but that’s no longer the case. John Mullally, manager, financial services, Robert Walters Hong Kong, says: “The main concern [...]
So the interviewer asks “why do you want a new job”? Here are five stupid replies that are killing candidates’ chances
1) “I want more money” This is a big taboo. “Although it’s known that money is one motivating factor for candidates to move, it is also a known rule that one should never mention this during interviews. If money is the reason why a candidate is looking to move, it indicates that he/she is a [...]
The awful job market is now pushing people out of banking
Bleak prospects in the banking industry are making some people contemplate a career change. A few employees, especially those in the middle and back office, are now even thinking the previously unthinkable – leaving banking altogether. Derek Kenny, director, Gulf Connexions Group, has seen an increase in such moves among finance tech (project management and [...]
There’s no time machine to bring you back to 2010: Here’s the (slightly ugly) truth about salary rises in Hong Kong
Candidates in Asia are probably wistfully wishing they could go back in time. Just a year or two ago, salary increases for those moving firms were a generous 20 or 25 per cent. Today, thanks to the global slowdown, pay rises across banking jobs in Hong Kong are about 10 or 15 cent, according to [...]
Corporate banking RMs are still golden and popular in China, here’s why
Commercial banking relationship managers have been in red-hot demand on the mainland in the first-half of this year. Going forward, what is the outlook like for those in this front-office role? According to recruiters, that popularity looks set to continue, albeit on a smaller scale. Daisy Chen, consultant at financial services of Robert Walters Shanghai, [...]
Guest Comment: I’ve seen a huge increase in Hong Kong candidates returning home from the West
There has been a big increase in the number of native Hong Kong (as well as mainland Chinese) financial services professionals returning to Hong Kong from Western financial centres, in particular London and New York. Percentage wise it is difficult to put a precise number on the figures because it varies from sector to sector. [...]
Climbing costs and skyrocketing school fees, but most expats still adore Singapore
Singapore’s now more expensive than Hong Kong for expat bankers, according to the latest Mercer survey released earlier this week. The republic edged three places forward from last year’s ranking, coming 8th this year ahead of Hong Kong’s 9th placing. This now makes Singapore the third most expensive Asian destination for expats after Tokyo and [...]
After the donut bonus, now comes the donut pay rise (at least in Japan)
Japan’s professionals are having a truly glum year in terms of pay. A recent Robert Walters global poll says the country’s white collar workers are the most likely in Asia to get donuts for salary raises. Even if they do get an increase, it will be minimal (a paltry 5 per cent or less). According [...]
Three months on and recruitment in Tokyo is still slow
It’s been close to three months since the March 11 disaster in Japan. Much has happened since then, so we thought it timely to take stock of the country’s recruitment market in financial services. Recruiters are unanimous in declaring that new hiring has slowed down post-crisis as firms grapple with the double whammy of the [...]
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