Pay transparency driven by regulation and peer practices in Singapore

Five in 10 firms conduct pay equity analysis.

Singapore firms value pay transparency, with 50% conducting pay equity analysis and 65% having corresponding implementation strategies, AON reported.

In doing the Pay Equity Analysis, the top factors Singapore firms look into are job family (81%), experience/gender (65%), and performance rating (54%).

The analysis is communicated to top management (81%) and board of directors (35%).

Firms conducting pay equity analysis face difficulties allocating budgets (46%) and getting buy-in from business or leadership, knowledge of industry/peer practices, and unconscious bias in managers (31%).

AON also revealed that the top drivers for pay transparency practices in Singapore are regulation and compliance (75%), peer practices (54%), the company’s diversity, equity, inclusion and belonging (DEIB) policy (36%), investor relations (25%), and social movements/activism (7%).

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

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