How much do top-level Singapore execs get paid?

They have the highest pay in the region.

Singapore-based execs are the best-paid across the region, a report by professional services company Towers Watson revealed today.

The findings in the Asia Pacific section of Towers Watson’s 2014/2015 Global 50 Remuneration Planning Report showed that pay levels here are around 10% higher compared to the. the next highest, Hong Kong.

Executives right at the top of the hierarchy in Singapore have an average base pay of around US$586,000 a year, compared to around US$445,000 a year in Hong Kong

In Singapore and Hong Kong, base salaries overall edged 3%-4% higher, except at top management level where base salaries grew around 6%-8%.
“Base salaries are, on the face of it, considerably higher in Singapore than Hong Kong, especially at a top management level, but the tax rates at those levels vary considerably and that has a bearing on takehome pay. That said, we do see signs of regional HQs moving from Singapore to other lower cost locations, such as Malaysia and Indonesia, to reduce staffing costs, subject to availability of talent,” said said Sambhav Rakyan, Data Services practice leader, Asia Pacific at Towers Watson

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