RECRUITMENT activity is increasing in several sectors such as information technology and logistics and supply chain, according to a report by Robert Walters.
In line with the increasing buoyant economy, retail operations roles, from junior to senior level positions, continue to be in high demand, which has led to active poaching among luxury brands.
Aggressive salary benchmarking and upward adjustment of salary levels for key retail functions and individuals have also been seen. Due to store expansions and increased workload for back office functions, recruitment for junior to mid-level finance positions was fairly active.
As the economy recovers, consultants at Robert Walters expect the talent crunch to tighten further.
In the last six months, the IT sector has seen strong demand, in particular for roles such as business analyst, SAP senior manager, regional IT manager and program director, with annual salaries ranging between $80,000 and $200,000.
However, for the human resource sector, the majority of HR roles recruited were for junior level positions with salaries of $50,000 to $80,000. Recruitment for senior level HR roles was sporadic at best and usually went to internal candidates.
Due to cost-cutting measures, consolidation, technological advances as well as the rise of online shopping, total retail industry employment is shrinking.
With consumers having higher purchasing power, more emphasis will be placed on increasing the level of sophistication of supply chain operations within retail organisations.
Moving forward, an increase in demand for senior positions with salaries ranging from $120,000 to $200,000 per annum is expected.