International Talent Mobility in Asia
Globalization has changed the way the world does business. The free flow of goods and services across borders has created wealth and opportunities as companies grow their revenues by expanding their reach. No longer do national borders constrain our ambitions.
Nowhere has the impact of economic globalization been greater than in Hong Kong and Singapore. Both cities share a history at the crossroads of world trade. With their enticing ‘East meets West’ cultures, pro-business policies and skilled workforces, Hong Kong and Singapore continue to attract talented people from around the world.
Where once the flow of talent was one way – into Hong Kong and Singapore – talented people from both cities are now seeking their fortunes internationally, in search of new experiences and career opportunities.
There are few professions afforded more opportunities by globalization than finance and accounting. The need for accountability and transparency increases the more complex trade becomes, so it is little wonder people with finance and accounting skills are highly sought after.
Among the best aspects of a career in finance and accounting are the choices it provides. Financial professionals are needed in businesses large and small, across all industries and in every country. Finance and accounting expertise has become a truly global skill set that can be adapted as needs dictate.
The universal demand for finance and accounting professionals means a world of opportunities exist for those in the profession – literally. Although this is a good thing overall, it can create challenges for employers, including high staff turnover, retention problems and a shortage of talent.
This report from ACCA and Robert Half shines a light on the difficulties companies have finding skilled finance and accounting professionals, their willingness to recruit talent from overseas and the barriers that may prevent them from doing so.
Based on the research, the message for employers is clear: Providing global opportunities for your staff can be an effective strategy for retaining your best and brightest. Many professionals view an overseas opportunity as a means of career development. So sending staff overseas can be a strategic retention tactic that makes recipients even more valuable to the organisation when they return. Offering the chance to gain international experience is also a good strategy for a company seeking to attract talent from overseas.
For finance and accounting professionals interested in working abroad, this information can provide insight on what employers are looking for and how to increase your chances of landing an overseas assignment.
ACCA and Robert Half are proud to once again partner in preparing a research report designed to provide timely hiring and career information for finance and accounting professionals. We hope these insights will prove useful to you.
The report details the expectations, priorities and concerns of finance and accounting professionals and the companies that employ them. Here are the top three responses to some of the key questions.
Clic here to go to the Report by ACCA and Robert Half
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