Salary Report
Singapore firms told to prioritise pay for critical talent
Singapore firms told to prioritise pay for critical talent
Demand outstrips supply in tech, AI, cybersecurity, and finance roles.
72% of real estate pros get pay rise as median salary hits $158,000
The city-state is leading other major economies, such as the US and UK.
Singaporean finance and tech professionals earn less than Hong Kong peers: Bloomberg
Investment banking analysts in Hong Kong earn 46% more than Singaporeans.
Singapore emerges as 6th highest-paying city for marketers
The average annual marketing salary in Singapore is $116,890.10 (£70,223.04).
More than half of Singaporeans think they are underpaid
Last year, one in five employees did not receive a bonus for their work contributions.
Chart of the Day: CEOs in Singapore earn 30-50% more than their Southeast Asian counterparts
The median salary of Singapore-based CEOs that raised $0-5m in funding is US$6,450, compared to US$4,400.
Workers in SG likely to see pay hike of above 20% in 2023: report
Pre-COVID salary increases averaged 10% for corporations.
Salaries to increase anew in 2023, says 7 in 10 employers
In 2022, 61% of employers increased salaries to retain their existing staff.
Which industries can expect pay raises in 2023?
Robert Walters cited 3 industries where most businesses will impose an increase.
Did the salary hike keep up with inflation?
Inflation offset salaries by 1.7% in real terms this year.
Gov’t declares pay adjustments for the administrative service, judicial and statutory appointment holders
The adjustments of salaries are between 5% and 12% starting in October.
More than 5 in 10 employees will quit their jobs if not given a pay raise by 2023
Some are already looking for higher-paying jobs.
MOE bumps monthly pay of teachers by 5%-10%
The salary adjustments will take effect on 1 October.
What will push employers to raise 2023 salaries
Employers in Singapore expect a 4% salary increase.
Civil servants awarded with 0.35-month mid-year bonus
They will receive an additional one-time payment of up to $400.
Want to hire more? Attractive salary and benefits are key say 70% of employees
Randstad however says it would take more than a better salary and benefits to attract new talent.
Here's why recent real wage growth is lower compared to a decade ago
Total real wage growth in 2021 was at 1.6%—less compared to 2010'2 2.7%.
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