Which industries can expect pay raises in 2023?

Robert Walters cited 3 industries where most businesses will impose an increase.

Several industries will raise salaries in 2023, but amongst all, Supply Chain & Procurement, Accounting & Finance, and Banking & Financial Services are the most likely to impose an increase.

According to Robert Walters, the percentage of businesses that will give pay increases next year are 88%, 87%, and 85%, respectively.

Employees in the Tech & Transformation (73%), Human Resources (84%), and Sales & Marketing (81%) industries can also expect increases next year as most businesses in these sectors plan to give pay rises.

In these industries where employees can expect pay hikes, the most in-demand professions are the following:

Technology & Transformation: Software developers/Data & Analytics/ Cloud Automation & Cyber Security, Digital Transformation (SMEs), Agile Coaches/Scrum Master
Banking & Financial Services: Finance Manager (Fund/ Private Equity), Investment operations, Compliance Data Analytics
Commerce Finance: Finance business partners at various levels, Analytics Finance Project Professionals, Automation/ process improvement roles
Human Resources: Talent Acquisition/ Recruitment Specialist, Executive Assistant, Office Manager, Secretarial, HR Business Partners
Sales & Marketing: Business Development and Sales/Account Management, E-commerce Sales & Marketing, Digital and Content Creation Marketing
Supply Chain & Procurement: Supply Chain and Procurement Centre of Excellence (COE), Global Logistics Manager, Demand Planners and Order Fulfilment/Customer Service Specialists.

Follow the link for more news on

Robert Walters

Salary Report

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.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia