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Hong Kong SAR’s accounting & financial services industry will see further automation and digitalisation in 2020. Technology tools do not only relieve professionals from performing time-consuming and manual administrative work, but also empower them to add more value to the business.
Accounting & finance professionals will be increasingly expected to apply their experience and expertise in new roles, such as business partnering, business development and data analysis.
accounting and finance labour and salary trends in 2020.
The industry is expected to continue investing in digitalisation projects in 2020 and companies will continue to look for candidates with a firm grasp of business technologies to gain a competitive advantage.
As more companies digitise their internal business processes, candidates skilled in data analytics and data storytelling will be in high demand. This talent demand also extends to professionals who are experienced in business intelligence as well as the implementation and effective use of digital dashboards.
Besides looking at technical skills, employers are also putting in more effort during the interview process to ensure that their preferred candidate has a good job and cultural fit before bringing them on board.
Owing to the turbulent market situation, candidates will likely not see any significant salary increment if they stay with their employers in 2020. Instead, companies will offer more non-monetary incentives such as flexible working arrangements to retain employees.
key highlights in this year’s accounting & financial services market outlook
- evolution of job responsibilities and required skills for accounting & finance in 2020
- anticipated job mobility of professionals across different levels of seniority and industries
- salary snapshot for more than 20 different accounting & finance roles