Salary Report
Salary growth holds at 3.9% as employers shift budgets toward critical roles
Salary growth holds at 3.9% as employers shift budgets toward critical roles
Cost management was cited by 35.1% of employers as the top driver of cautious salary planning.
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.
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