en
Candidates

Together, we’ll map out career-defining, life-changing pathways to achieve your career ambitions. Browse our range of services, advice, and resources.

Learn more
Services

We understand that no two organisations are the same. Find out more about how we've customised our recruitment offerings to help clients across South East Asia meet their needs.

Read more
About Robert Walters Malaysia

Since our establishment in 2006, our belief remains the same: Building strong relationships with people is vital in a successful partnership.

Learn more

Work for us

Our people are the difference. Hear stories from our people to learn more about a career at Robert Walters Malaysia.

Learn more

Hiring in Accounting and Finance: Strong talent to fuel growth in Malaysia’s finance market in 2023

As international borders reopened with the stabilisation of the Covid-19 pandemic, many companies resumed major expansion and investment plans in 2022. This led to a talent war as many organisations competed to secure the best talent across all markets, according to Melvin Yong, Senior Manager of Accounting & Finance, Robert Walters Malaysia.

Read on as Melvin shares his expectations of the labour market and hiring trends for accounting and finance professionals in 2023.

Business continuity, hybrid roles, and collaboration as key

With companies recognising the importance of business continuity plans amid crises, a lot of focus will be placed on hiring for roles related to risk management, compliance, and business continuity planning in 2023.

“Hybrid roles combining finance and IT will be highly sought after, as organisations have recognised the value of collaboration for greater output and productivity,” shares Melvin. In finance shared services, there will be demand for professionals proficient in master data who are also eloquent in foreign languages such as Vietnamese, Japanese, Thai, and Korean.

Melvin explains that demand for finance business partners in Financial Planning & Analysis (FP&A) roles will remain high, as it is very important to have solid finance business partnering abilities to communicate and support other departments effectively.

Ultimately, an agile mindset is essential for both senior management and new employees in every organisation. “As younger employees would form a major part of the business, senior management would also need to play their part in adapting to a new and younger workforce,” says Melvin.

Advice on retaining talent

Periodic one-on-one sessions are a helpful platform for line managers to better know their teams to build stronger relationships and retain talent.

 

Melvin shares that it is important for line managers to understand what their employees are looking for in their careers and in their personal lives. He suggests that periodic one-on-one sessions are a helpful platform for line managers to better know their teams. While he believes there is “nothing significantly wrong” with quiet quitting, it becomes a problem for the growth and vision of companies when quiet quitting becomes a company culture.

“Candidates who are switching jobs will be considering company prospects, career progression, compensation, culture, and workplace arrangements. In attracting talent, companies will also need to improve the interviewing and onboarding experience of new joiners,” says Melvin.

Increments expected across all positions in finance

Melvin believes there will be increments across all industries in finance for job movers, with 15-20% being the average increment rates in 2023.

“Salary increments can increase to up to 30% if employers want to attract passive or niche talent,” he adds.

Find out more

Request access to our Salary Survey to benchmark salaries and to find out more about the latest hiring and talent trends for Accounting and Finance professionals in Malaysia.

Share this article

Related content

Looking to hire
Salary Survey
Hiring Advice
Get in touch

Find out more by contacting one of our specialist recruitment consultants

Related content

View All

Hiring in South East Asia: Guide and Trends in 2024

South East Asia hiring market to be driven by digitalisation, sustainability and ESG in 2024 After an extended period of widespread spending, the South East Asia job market in 2023 was marked by inflation and a slowdown in consumer demand. Even though some consumers have resumed in-store retail expe

Read More

Hiring in Malaysia: Guide and Trends in 2024

In 2023, Malaysia experienced a slightly looser job market that was fraught with uncertainties and cost-cutting measures. Ai Rene Tan, Country Manager at Robert Walters Malaysia, points to concerns arising from escalating costs, local political conditions and geopolitical events as some of the key r

Read More

Hiring in Northern Region: Guide and Trends in 2024

Malaysia’s Northern Region contended with several economic headwinds, which led to a decline in hiring in 2023. “The larger Asian region has entered a more difficult phase in its post-pandemic recovery. The global semiconductor cycle has softened and is projected to stay in this cyclical downturn fo

Read More

I'm Robert Walters Are you?

Come join our global team of creative thinkers, problem solvers and game changers. We offer accelerated career progression, a dynamic culture and expert training.