, Singapore
109 views
Photo by www.kaboompics.com via Pexels

Private capital professionals don't expect base pay cuts in next 18 months, report says

Most respondents expect stronger market conditions over this period.

Singapore’s private markets professionals expect stronger market conditions and rising compensation over the next 18 months, with no respondents anticipating decrease in their base compensation, according to a Heidrick & Struggles report.

A combined 70% of respondents in Singapore said market opportunities would improve, including 15% who expect conditions to become much better and 55% somewhat better.

Another 18% expect conditions to remain unchanged, whilst 13% foresee some deterioration, the report added.

Salary expectations point to broad-based increases, with about 45% of respondents expecting base pay to rise by 10% to 20%, and 40% anticipating increases of less than 10%.

The remaining 15% expect no change. None of the respondents expect a decrease in base compensation, or an increase of more than 20%.

Singapore accounts for 24% of total survey respondents, tied with Hong Kong for the highest share.

It also ranks amongst the three markets with the largest respondent concentrations, alongside Hong Kong and Australia, the report said.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.