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Meeting the Hiring Challenges for Financial Managers in Vanuatu

HRFinEase TeamMay 14, 2024

Companies seeking Securities Dealer authorization from the VFSC in Vanuatu face a tight talent market. Only about 15% of applicants for financial manager roles meet all criteria. The average monthly local salary is USD 610โ€“830, yet many candidates demand USD 4,000โ€“5,000 โ€” a major mismatch driven by low supply and high demand.

Employers must also register with the Vanuatu National Provident Fund (VNPF) and ensure employee contributions of 8% of salary (split equally between employer and employee).

The ideal candidate profile: resident of Vanuatu (or willing to relocate), minimum 2 years in regulated financial services, strong management skills, English proficiency, and familiarity with VFSC regulations.

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HRFinEase Team

HRFinEase Insights Team