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.