JobStreet Salary Report 2020 - Singapore Benchmarks and Talent Motivators

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JobStreet Salary Report 2020 - Singapore Benchmarks and Talent Motivators
1

JobStreet
Salary Report
2020
Singapore Benchmarks and Talent Motivators

                                             Singapore | Salary Report 2020
JobStreet Salary Report 2020 - Singapore Benchmarks and Talent Motivators
1

About the                 This guide has been compiled to provide companies and employers with
                          a guide on how to value talent across various industries and levels of

JobStreet                 experience, as well as understand the job market better. Actual figures
                          for various specialisations and positions will vary based on internal and

Salary Guide              external factors, such as company practises, market demand and supply,
                          and candidates’ skills and expertise.

Salary Guide              The Salary Guide Methodology is based on the average salaries from all
                          full-time jobs posted on JobStreet Singapore in 2019. All salaries have been

Methodology               extracted from job ads posted directly by companies. Salaries posted on
                          job ads from recruitment firms, as well as part-time and internship positions
                          have been excluded.

The Laws of               The Laws of Attraction are a series of insights drawn from JobStreet’s
                          comprehensive study of more than 7,000 candidates across 20 industries

Attraction                in Singapore. It aims to provide employers with in-depth insights into what
                          factors drive talent to choose to work in certain professions, specialisations
                          and industries. The survey of candidates conducted spans age, gender,
                          profession, industry, generation, and citizenship.

Disclaimer of Liability   This is a JobStreet Publication. No part of this publication may be reproduced in any form
                          without prior permission from JobStreet. Although steps have been taken to ensure our content’s
                          accuracy, JobStreet assumes no responsibility for any consequences arising from errors and
                          omissions. The views and opinions expressed in this book do not necessarily reflect the views of
                          JobStreet.

                                                                                            Singapore | Salary Report 2020
JobStreet Salary Report 2020 - Singapore Benchmarks and Talent Motivators
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Table of   03   Salaries in Singapore
                • Income across Singapore
Contents   04   Top 5 Incomes by Industry

           04   Top 6 Growth Specialisations

           05   Income by Gender

           06   Salaries in Singapore by Grouped Specialisation
                • Entry-Level
                • Junior Executive
                • Senior Executive
                • Manager
                • Senior Manager

           12   Salaries by Level and Specialisation
                • Entry-Level
                • Junior Executive
                • Senior Executive
                • Manager
                • Senior Manager

                                                          Singapore | Salary Report 2020
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Salaries in   Candidates employed across various industries, specialisations and job levels
              in Singapore experienced some fluctuations in base salary levels across 2019.

Singapore     Despite an initial optimistic outlook, economic uncertainties across 2019 saw a
              slowed global economy, which was maintained heading into 2020. This level of
              caution regarding hiring and compensation packages is likely to continue, given
              the global economic impact of the ongoing COVID-19 pandemic.

              JobStreet’s Salary Report 2020 has compiled annual average incomes in
              Singapore from two sources: one directly from job ads and notices put out by
              companies, and from respondents across a variety of industries in Singapore,
              who declared their salaries when prompted about it.

              We have captured figures that detail average monthly incomes across
              industries, experience levels, and gender.

Income        Overall, the majority of candidates are earning between $ 2,000 - 3,999 per
              month, according to JobStreet’s Laws of Attraction Singapore data. These

across        figures are self-supplied and are indicative of how much candidates — who
              responded to salary-specific questions in the Laws of Attraction questionnaire

Singapore     — are earning.

              The largest proportion of respondents earn between $ 2,000 and $ 3,999 per
              month, while a third of respondents earn between $ 4,000 and $ 6,999.

                 Average monthly income earned by Singaporeans in 2019
                                   (self-supplied, SGD)

                            Below $ 2,000                             405 (7.21%)

                           $ 2,000 - $ 3,999                        2,084 (37.11%)

                           $ 4,000 - $ 6,999                        1,848 (32.91%)

                           $ 7,000 - $ 9,999                         749 (13.34%)

                           Above $ 10,000                            530 (9.44%)

                                                                   Singapore | Salary Report 2020
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Top 5                                   Candidates in the Computer and Information Technology (Hardware) industry
                                        reported the highest average monthly salary during 2019, with candidates

Incomes                                 earning $ 7,155.56.

by Industry                                                                               Average Monthly Salary
                                                        Industry
                                                                                                  (SGD)
                                            Computer / Information Technology
                                                                                                  $ 7,155.56
                                                        (Hardware)
                                                         Consulting
                                                                                                  $ 6,980.20
                                          (IT, Science, Engineering and Technical)
                                            Computer / Information Technology
                                                                                                  $ 6,883.06
                                                        (Software)

                                          Banking / Financial Services / Insurance                $ 6,758.66

                                            Semiconductor / Wafer Fabrication                     $ 6,752.94

Top 6 Growth                            These are the specialisations that displayed the most growth in terms of salary
                                        increment. These average monthly salaries in this section are earned between
Specialisations                         2018 and 2019, and measured over the first six months of the year.

                                        The following table accounts for the top specialisations, which corresponds to
                                        a position level.

                                        It can be observed that Senior Managers in the Building and Construction and
                                        Healthcare specialisations saw the highest increase in average monthly salary
                                        — an 18% hike between 2018 and 2019.

                                                    Average                   Average
      Grouped                                    Monthly Salary            Monthly Salary               % Change
                       Position Level
    Specialisations                               (2018, SGD)               (2019, SGD)                 in Salary

     Computer and IT      Entry-Level                   $ 2,860                      $ 3,221                 13%

      Education and
                        Junior Executive                $ 3,138                      $ 3,378                   8%
         Training

      Building and
                       Senior Executive                 $ 3,894                  $ 4,300                     10%
      Construction

       Engineering         Manager                      $ 6,097                      $ 6,423                   5%

      Building and
                        Senior Manager                  $ 7,944                      $ 9,338                 18%
      Construction

       Healthcare       Senior Manager                  $ 8,706                  $ 10,263                    18%

                                                                                                Singapore | Salary Report 2020
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Income by                                 Across all levels of seniority, women are consistently paid less than men in
                                          Singapore. While the difference in salary reduces as women rise to senior

Gender                                    positions, the difference in pay between men and women at the beginning
                                          of their careers is the widest, with women being paid 13.7% lower than their
                                          male counterparts.

                                     Average Monthly             Average Monthly
           Seniority                                                                               Difference (%)
                                    Salary (Male, SGD)         Salary (Female, SGD)

    Intern/ First job/ Fresh grad        $ 2,830.51                     $ 2,442.59                         -13.70

         Junior Executive                $ 3,951.15                     $ 3,635.10                         -8.00

       Junior Management                 $ 5,520.43                     $ 5,035.17                         -8.79

         Mid Management                  $ 7,204.15                     $ 6,916.67                         -3.99

       Senior Management                 $ 10,061.20                    $ 9,868.10                         -1.92

                                                                                               Singapore | Salary Report 2020
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Salaries in Singapore
With The Highest Annual
Growth or Decline, by
Grouped Specialisation
This section compares the average monthly salaries earned between 2018 and
2019, measured over the first six months of the year. It tracks which specialisations
saw the most growth or suffered the greatest decline across all levels of experience.

                                                                                        Singapore | Salary Report 2020
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                                         In terms of salary increments, Entry-Level Computer and IT Executives
                Entry-Level              enjoyed the highest increase in average monthly pay (13%) compared to other
                                         specialisations. Those entering the Education specialisation also saw a salary
                                         raise of 10% between 2018 and 2019. However, new entrants to Building and
                                         Construction saw their monthly salaries shrink by 6% between 2018 and 2019.

Average monthly salaries and percentage changes for all grouped specialisations in Singapore

        Grouped                  Average Monthly Salary         Average Monthly Salary             % Change in
      Specialisations                 (2018, SGD)                    (2019, SGD)                     Salary

    Accounting and Finance               $ 2,657                          $ 2,977                         12%

         Admin and HR                    $ 2,415                          $ 2,535                         5%

    Arts, Media and Comms                $ 2,500                          $ 2,526                         1%

    Building and Construction            $ 2,947                          $ 2,784                        -6%

        Computer and IT                  $ 2,860                          $ 3,221                         13%

     Education and Training              $ 2,550                          $ 2,801                         10%

          Engineering                    $ 2,648                          $ 2,751                         4%

           Healthcare                    $ 2,907                          $ 3,005                         3%

      Hospitality and F&B                $ 2,165                          $ 2,151                         -1%

         Manufacturing                   $ 2,319                          $ 2,400                         4%

      Sales and Marketing                $ 2,774                          $ 2,742                         -1%

            Science                      $ 2,593                          $ 2,602                         0%

            Services                     $ 2,517                          $ 2,449                        -3%

Job Drivers for Singapore’s              Top Drivers

                                                                                                                  1
Entry-Level Executives                   of Attraction:                                   Salary/
Salary is everything for Entry-Level     Entry-Level Executives                      Compensation
candidates. However, they are also
concerned about work-life balance

                                                                                                                  2
and their career progression. In fact,
employees entering an industry or                                                              Work-life
specialisation for the first time are
far more concerned about career                                                                Balance
and development opportunities as
compared to other levels of seniority.

                                                                                                                  3
                                                                                            Career/
                                                                                       Development
                                                                                       Opportunities

                                         When hunting for a job, Entry-Level candidates say they would require a 30.5%
                                         hike in salary. This is higher than the industry average of 22.4%.

                                                                                              Singapore | Salary Report 2020
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                                          Between 2018 and 2019, we see that Junior Executives in the Education and
               Junior                     Training specialisation enjoyed the greatest hike in average monthly salary, at
               Executive                  8%. However, those working in the Healthcare specialisation saw a massive
                                          dip of 22% between their 2018 and 2019 average monthly wages.

Average monthly salaries and percentage changes for all grouped specialisations in Singapore

        Grouped                     Average Monthly Salary         Average Monthly Salary              % Change in
      Specialisations                    (2018, SGD)                    (2019, SGD)                      Salary

    Accounting and Finance                  $ 3,376                           $ 3,450                          2%

         Admin and HR                       $ 2,917                           $ 3,040                          4%

    Arts, Media and Comms                   $ 3,015                           $ 3,100                          3%

    Building and Construction               $ 3,103                           $ 3,189                          3%

        Computer and IT                     $ 3,690                           $ 3,595                         -3%

     Education and Training                 $ 3,138                           $ 3,378                          8%

          Engineering                       $ 3,412                           $ 3,449                          1%

           Healthcare                       $ 4,698                           $ 3,668                        -22%

      Hospitality and F&B                   $ 2,581                           $ 2,620                          2%

         Manufacturing                      $ 3,123                           $ 3,160                          1%

      Sales and Marketing                   $ 3,123                           $ 3,187                          2%

            Science                         $ 3,403                           $ 3,467                          2%

            Services                        $ 2,991                           $ 3,063                          2%

Job Drivers for Singapore’s               Top Drivers

                                                                                                                     1
Junior Executives                         of Attraction:                                     Salary/
While salary is the top deciding          Junior Executives                             Compensation
factor for Junior candidates
seeking employers, money is not

                                                                                                                     2
everything. Obtaining work-life
balance between personal and                                                                      Work-life
professional lives is also imperative
to them, as well as the assurance                                                                 Balance
that their careers will remain intact.

                                                                                           Job Security
                                                                                                                     3
                                          When hunting for a job, the minimum salary increment quoted by Junior
                                          Executives for a salary hike is 58.4%. This is higher than the industry average
                                          of 22.4%.

                                                                                                 Singapore | Salary Report 2020
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                                      Building and Construction talent, especially those working in Senior Executive
               Senior                 positions, saw the greatest jump in average monthly salaries between 2018 and 2019,
               Executive              enjoying a 10% increment. Following closely are the salaries of Senior Executives in
                                      the Education and Training specialisation who saw an 8% jump in 2019. The salaries
                                      of Healthcare professions saw the largest year-on-year decline at 7%.

Average monthly salaries and percentage changes for all grouped specialisations in Singapore

        Grouped                 Average Monthly Salary            Average Monthly Salary              % Change in
      Specialisations                (2018, SGD)                       (2019, SGD)                      Salary

    Accounting and Finance                 $ 4,376                          $ 4,613                          5%

         Admin and HR                      $ 3,937                          $ 3,958                          1%

    Arts, Media and Comms                  $ 3,824                          $ 4,007                          5%

    Building and Construction              $ 3,894                          $ 4,300                         10%

        Computer and IT                    $ 4,834                          $ 4,979                          3%

     Education and Training                $ 3,952                          $ 4,272                          8%

          Engineering                      $ 4,620                          $ 4,727                          2%

           Healthcare                      $ 5,338                          $ 4,975                         -7%

      Hospitality and F&B                  $ 3,242                          $ 3,359                          4%

         Manufacturing                     $ 3,988                          $ 4,174                          5%

      Sales and Marketing                  $ 4,038                          $ 4,064                          1%

            Science                        $ 4,718                          $ 4,803                          2%

            Services                       $ 4,335                          $ 4,179                         -4%

Job Drivers for Singapore’s               Top Drivers

                                                                                                                    1
Senior Executives                         of Attraction:                                   Salary/
Apart from an attractive                  Senior Executives                           Compensation
compensation package, Senior
Executives care about qualitative

                                                                                                                    2
aspects, such as career
development opportunities to boost                                                               Work-life
their professional lives. They also
seek employers who can enforce                                                                   Balance
proper work-life balance.

                                                                                                                    3
                                                                                             Career/
                                                                                        Development
                                                                                        Opportunities

                                          On average, Senior Executives across Singapore say they would prefer a salary
                                          hike of 43.9% in order to move to another job.

                                                                                                Singapore | Salary Report 2020
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                                       Managers in the Engineering specialisation enjoyed a 5% rise in average
                                       monthly salaries, observed between 2018 and 2019. Education and Training
                Manager                Managers observed the next greatest annual increase in average monthly pay,
                                       at 4%. Science Managers on the other hand, saw a 5% year-on-year dip in
                                       average monthly salaries for the same time period.

Average monthly salaries and percentage changes for all grouped specialisations in Singapore

         Grouped                 Average Monthly Salary       Average Monthly Salary            % Change in
       Specialisations                (2018, SGD)                  (2019, SGD)                    Salary

     Accounting and Finance              $ 6,284                        $ 6,294                        0%

          Admin and HR                   $ 5,384                        $ 5,444                        1%

     Arts, Media and Comms               $ 5,128                        $ 5,211                        2%

     Building and Construction           $ 5,518                        $ 5,464                       -1%

         Computer and IT                 $ 6,421                        $ 6,539                        2%

      Education and Training             $ 5,275                        $ 5,487                        4%

           Engineering                   $ 6,097                        $ 6,423                        5%

            Healthcare                   $ 6,508                        $ 6,498                        0%

       Hospitality and F&B               $ 3,999                        $ 3,860                       -3%

          Manufacturing                  $ 5,750                        $ 5,875                        2%

       Sales and Marketing               $ 5,275                        $ 5,317                        1%

             Science                     $ 6,444                        $ 6,154                       -5%

             Services                    $ 5,795                        $ 5,987                        3%

Job Drivers for Singapore’s            Top Drivers

                                                                                                              1
Managers                               of Attraction:                                  Salary/
Managers in Singapore are attracted    Managers                                   Compensation
to employers who can provide
them with more than just a sizeable

                                                                                                              2
paycheck. Work-life balance is
crucial to Managers, as they seek                                                          Work-life
harmony between work and leisure.
They also want to feel reassured                                                           Balance
about the certainty of their jobs in
the future.

                                                                                     Job Security
                                                                                                              3
                                       On average, talent occupying Managerial positions would ask for a 16.8%
                                       salary hike when switching to another job.

                                                                                          Singapore | Salary Report 2020
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                                         Senior Managers in the Building and Construction and Healthcare specialisations
                Senior                   saw a whopping 18% year-on-year increase in their average monthly salaries,
                Manager                  observed between 2018 and 2019. Senior Manufacturing Managers, however, saw
                                         their average monthly salaries dip by 12% during the same time period. Senior
                                         Managers in the Arts, Media and Comms specialisations also experienced an 8%
                                         year-on-year reduction in their average monthly salaries between 2018 and 2019.

Average monthly salaries and percentage changes for all grouped specialisations in Singapore

         Grouped                 Average Monthly Salary               Average Monthly Salary              % Change in
       Specialisations                (2018, SGD)                          (2019, SGD)                      Salary
     Accounting and Finance                   $ 9,222                           $ 9,594                           4%

          Admin and HR                        $ 9,410                           $ 9,235                          -2%

     Arts, Media and Comms                    $ 7,758                            $ 7,152                         -8%

     Building and Construction                $ 7,944                           $ 9,338                          18%

         Computer and IT                      $ 9,087                           $ 9,698                           7%

      Education and Training                  $ 7,081                           $ 7,278                           3%

           Engineering                        $ 9,949                           $ 9,486                          -5%

            Healthcare                        $ 8,706                           $ 10,263                         18%

       Hospitality and F&B                    $ 6,364                           $ 6,309                          -1%

          Manufacturing                       $ 9,113                           $ 8,007                         -12%

       Sales and Marketing                    $ 8,354                           $ 8,700                           4%

             Science                          $ 10,011                          $ 9,264                          -7%

             Services                         $ 8,529                           $ 9,159                           7%

Job Drivers for Singapore’s                 Top Drivers

                                                                                                                        1
Senior Managers                             of Attraction:                                      Salary/
Senior Managers are attracted               Senior Managers                                Compensation
to companies offering a meaty
compensation package because they

                                                                                                                        2
possess the skills and experience
to command such numbers. They                                                                       Work-life
are also keen to watch their careers
soar to the next level and are willing                                                              Balance
to take up exciting professional
opportunities – as long as they

                                                                                                                        3
can balance their personal and                                                                   Career/
professional lives.
                                                                                            Development
                                                                                            Opportunities

                                            When changing jobs, Senior Managers asked for a 16.2% increase in salary –
                                            this is the average hike they are willing to accept and is lower than the overall
                                            average of 22.4%.

                                                                                                    Singapore | Salary Report 2020
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Salaries by Level
and Specialisation:
Entry-Level
This is a breakdown of the 2019 average monthly salaries offered
to talent working across various specialisations in Singapore,
measured over the first six months of the year.

The figures are further divided into job functions commonly held
by Entry-Level Executives.

                                                                   Singapore | Salary Report 2020
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Accounting                               Accounting and Finance
                                                                                        Average Monthly
                                                                                          Salary (SGD)
and Finance                                 Banking/Financial Services                          $ 3,552

                                              Finance - Audit/Taxation                           $ 3,124

                                      Finance - Corporate Finance/Investment/
                                                                                                $ 3,729
                                                 Merchant Banking

                                         Finance - General/Cost Accounting                      $ 2,446

Top Drivers of Attraction                                          Accounting

                                                                    Career/
                                    1    Job Security
                                                               2    Development
                                                                    Opportunities         3   Salary/
                                                                                              Compensation

                                                                     Finance

                                         Career/
                                    1    Development
                                         Opportunities         2    Salary/
                                                                    Compensation          3   Work-life Balance

                                 Candidates working in the Accounting specialisation who are either interns
                                 or starting their careers value job security above all, as well as ample career
                                 development opportunities.

                                 Working in a permanent role in a financially secured and established company
                                 is important to 55.6% of Entry-Level candidates in Accounting. In terms of
                                 work-life balance, Accounting interns (52.2%) greatly value being paid overtime
                                 for their extra efforts. Promotions matter the most to 53.8% of new entrants in
                                 the specialisation.
Did You Know?
                                 Finance employees are most interested in furthering their careers. However, an
Those working in these           attractive salary package which accompanies a harmonious balance between
specialisations value working    work and life is also important to them.
with respectful and fun
colleagues who are willing to    42.1% of Entry-Level Finance talent value promotions, with 42.9% expecting to
cooperate and collaborate with   be paid a guaranteed bonus irrespective of performance. 65.4% of Entry-Level
them for work assignments.       Finance Executives want employers to provide them with compensation for
                                 overtime pay.

                                                                                         Singapore | Salary Report 2020
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Admin                                            Admin and HR
                                                                                        Average Monthly
                                                                                          Salary (SGD)
and HR                                     Clerical/Administrative Support                      $ 2,487

                                         Corporate Strategy/Top Management                      $ 3,200

                                                          HR                                    $ 2,613

                                     Secretarial/Executive and Personal Assistant                $ 2,413

Top Drivers of Attraction                                             Admin

                                     1    Salary/
                                          Compensation          2   Work-life Balance
                                                                                          3   Job Security

                                                                         HR

                                          Career/                                              Work-life Balance
                                     1    Development
                                          Opportunities         2   Job Security
                                                                                          3    and Salary/
                                                                                               Compensation

                                  Salary matters greatly to fresh entrants in the Admin specialisations – but
                                  it is not the only thing they expect from their jobs. Job security and a good
                                  balance between work and play, are also important.

Did You Know?                     For 40.5% of Entry-Level Admin talent, receiving a contract completion
                                  bonus, especially for those in contract positions, is a must. 64.3% of those
Retirement benefits matter        in the HR specialisation want a guaranteed bonus regardless of company or
greatly to 55.2% of Entry-Level   personal performance.
Admin Executives, while 50% of
Entry-Level HR Executives want    Over half (56.7% and 63.2%) for Admin and HR candidates say receiving
medical coverage for themselves   compensation for extra work after-hours or on holidays is a must, while
and their families.               48.6% of Admin Executives and 33.3% in the HR specialisation want to
                                  work for a company that is established and financially secure.

                                                                                         Singapore | Salary Report 2020
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Arts, Media                                 Arts, Media and Comms
                                                                                          Average Monthly
                                                                                            Salary (SGD)
and Comms                                      Advertising/Media Planning                          $ 3,128

                                              Arts/Creative/Graphics Design                       $ 2,320

                                              Entertainment/Performing Arts                       $ 2,228

                                            Public Relations/Communications                       $ 2,647

                                                   Publishing/Printing                             $ 2,157

Top Drivers of Attraction                   Career/
                                       1    Development
                                            Opportunities        2    Work-life Balance
                                                                                            3    Salary/
                                                                                                 Compensation

Did You Know?

44.4% of Entry-Level Arts,          Apart from salary, Arts and Media talent starting their careers are
Media, and Comms talent             concerned about work-life balance and career development opportunities.
expect to receive additional        One third (33.3%) of fresh hires in the Arts and Media specialisation expect a
leave and retirement benefits       performance-based bonus, and 50% want their employers to observe a
from employers.                     no-work rule during weekends and holidays, while 46.7% look forward to
                                    on-the-job coaching and skill development.

Building and                               Building and Construction
                                                                                          Average Monthly
                                                                                            Salary (SGD)
Construction                                   Architecture/Interior Design                       $ 2,676

                                                   Property/Real Estate                          $ 2,877

Top Drivers of Attraction

                                       1    Salary/
                                            Compensation         2    Work-life Balance
                                                                                            3    Location of
                                                                                                 the Job

Did You Know?
                                    Entry-Level talent in the Building and Construction specialisation care the
Construction and Building talent    most about salary. However, they want to work for employers with sound
seek structure and regularity in    policies promoting work-life balance. The location of their workplace also
their daily timetable. 60% of       matters to them.
Entry-Level talent say that being
able to work a five-day work is a   Half of new Building and Construction entrants expect contract completion
“must.”                             bonuses, while 80% want flexible working hours. Additionally, 50% of new
                                    talent also want to work in places accessible to public transport.

                                                                                           Singapore | Salary Report 2020
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Computer and                                      Computer and IT
                                                                                          Average Monthly
                                                                                            Salary (SGD)
IT (Hardware                                     IT/Computer – Hardware                           $ 2,526
and Software)                            IT/Computer - Network/System/Database
                                                                                                  $ 3,036
                                                         Admin

                                                  IT/Computer – Software                          $ 3,773

Top Drivers of Attraction                                         Computer and IT
                                                                    (Hardware)
                                                                                                 Career/
                                       1    Salary/
                                            Compensation          2    Job Security
                                                                                            3    Development
                                                                                                 Opportunities

                                                                  Computer and IT
                                                                    (Software)
                                                                                                 Career/
                                       1    Work-life Balance
                                                                  2    Salary/
                                                                       Compensation         3    Development
                                                                                                 Opportunities

                                     Entry-Level talent in the Computer and IT specialisations (Hardware and
                                     Software) consider salary to be their top consideration. However, candidates
                                     in both disciplines value career development opportunities which boost their
                                     professional profiles and want to keep their work and personal lives separate.
                                     Job security matters greatly to Entry-Level Hardware specialists.

Did You Know?                        83.3% of Entry-Level talent in Hardware value insurance protecting life, health
                                     and income, while 42.1% of those specialising in Software expect a guaranteed
A quarter of Entry-Level             bonus regardless of personal or company performance.
Computer and IT Executives
want to work for a company with      Employees in both IT Hardware and Software value promotion opportunities
an excellent reputation for health   (55.6% and 41.7% respectively), while 43.5% of Software specialists want
and safety.                          employers to reward their extra hours with money. For 38.5% of Entry-Level
                                     Hardware specialists, working in an established company is a must.

                                                                                           Singapore | Salary Report 2020
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Education                                    Education and Training
                                                                                            Average Monthly
                                                                                              Salary (SGD)
and Training                                            Education                                  $ 2,884

                                                Training and Development                           $ 2,726

Top Drivers of Attraction
                                       1                          2                          3
                                            Salary/                                               Career/
                                            Compensation                Work-life Balance         Development
                                                                                                  Opportunities

                                    Those starting out in the Education and Training specialisation care most about
                                    finding employers with policies promoting work-life balance. Apart from an
Did You Know?                       attractive salary package, they are also interested in opportunities which take
                                    their careers to the next level.
For 38.1% of Entry-Level
Education and Training talent,      Nearly half of Education and Training entrants want to be offered a five-day
working in an organisation with a   work-week schedule. More than half (55.6%) are interested in receiving a
“positive” culture is important.    guaranteed bonus irrespective of company performance, while 50% want to
                                    boost their careers with promotion opportunities.

Engineering                                         Engineering
                                                                                            Average Monthly
                                                                                              Salary (SGD)
                                                 Engineering – Chemical                            $ 2,644
                                        Engineering - Civil/Construction/Structural                $ 2,687
                                                 Engineering – Electrical                          $ 2,681
                                        Engineering - Electronics/Communication                    $ 2,777
                                        Engineering - Environmental/Health/Safety                  $ 2,746
                                                 Engineering – Industrial                           $ 2,717
                                           Engineering – Mechanical/Automotive                     $ 2,608
                                                  Engineering – Oil/Gas                            $ 2,587
                                                  Engineering – Others                             $ 3,094

Top Drivers of Attraction
                                       1                            2                        3
                                            Salary/                     Career/
                                            Compensation                Development              Work-life Balance
                                                                        Opportunities

                                    Entry-Level candidates in the Engineering specialisation have their sights set
                                    on an attractive compensation package above other things. They are interested
                                    in working for employers who can give them the best of both worlds: ample
Did You Know?                       opportunities to boost their career while keeping the balance between their
                                    personal and professional lives intact.
Nearly a third of Entry-Level
Engineering Executives want to      45.5% of Engineering talent want employers to provide protection for their
work for a company with a high      health, life, and income, while 50% are interested in promotion opportunities to
staff retention rate.               boost their professional careers. 59.3% want to be rewarded for the extra work
                                    they put in on holidays and off days.

                                                                                            Singapore | Salary Report 2020
18

Healthcare                                               Healthcare
                                                                                                Average Monthly
                                                                                                  Salary (SGD)
                                                 Healthcare - Doctor/Diagnosis                          $ 4,587
                                            Healthcare - Nurse/Medical Support and
                                                                                                        $ 2,750
                                                           Assistant
                                                     Healthcare – Pharmacy                              $ 2,287

Top Drivers of Attraction
                                          1                           2                           3
                                               Career/                                                 Salary/
                                               Development                 Work-life Balance           Compensation
                                               Opportunities

                                       For Entry-Level Healthcare Executives, career development opportunities
Did You Know?                          trump all other professional considerations. However, they do take into account
                                       the salary package and work-life balance measures their employer has to offer.
35.7% of Entry-Level Healthcare
Executives expect to be recognised     In fact, 78.6% of new entrants to the Healthcare specialisation want employers
for their work in the form of a long   to value their time in the form of compensation for extra work done after office
service award and incentive.           hours. Insurance covering health, work, and life is crucial to 58.6% of new
                                       talent, while 59.3% seek promotion opportunities.

Hospitality                                       Hospitality and F&B
                                                                                                Average Monthly
                                                                                                  Salary (SGD)
and F&B                                        Food/Beverage/Restaurant Service                          $ 2,197

                                              Hotel Management/Tourism Services                         $ 2,069

Top Drivers of Attraction                                                  Hospitality

                                          1    Salary/
                                               Compensation            2   Work-life Balance
                                                                                                  3    Job Security

                                                                               F&B

                                          1    Work-life Balance
                                                                       2   Salary/
                                                                           Compensation           3    Job Security

                                       For those starting their careers in the Hospitality and F&B specialisations, work-life
                                       balance and salary trumps all other professional considerations. Candidates are
                                       also concerned about job security.
Did You Know?
                                       Being financially rewarded for extra work done during public holidays and off
For 45% of Entry-Level Hospitality     days is important to talent in both specialisations (45.8% for F&B, and 81% for
Executives, on-the-job training        Hospitality). A large number of F&B and Hospitality talent (44% and 47.1%) expect
and skill development is a “must”.     to be provided with a guaranteed bonus, while 34.6% and 63.2% of Entry-Level
                                       Executives in F&B and Hospitality respectively want a permanent role.

                                                                                                 Singapore | Salary Report 2020
19

Manufacturing                                  Manufacturing
                                                                                     Average Monthly
                                                                                       Salary (SGD)
                                   Maintenance/Repair (Facilities and Machinery)            $ 2,380

                                        Manufacturing/Production Operations                 $ 2,320

                                    Process Design and Control/Instrumentation              $ 2,883

                                             Quality Control/Assurance                      $ 2,384

                                                Quantity Surveying                          $ 2,830

Top Drivers of Attraction
                                    1                         2                       3
                                                                     Career/
                                         Job Security                Development          Salary/
                                                                     Opportunities        Compensation

                                 Entry-Level candidates in the Manufacturing specialisation are drawn to
                                 employers who can provide them with the most opportunities to nourish their
Did You Know?                    careers. They are also concerned about job security and drawing a good
                                 monthly salary.
Over two-thirds of Entry-Level
Manufacturing Executives want    On-the-job coaching and skill development is important to 71.4% of new talent
compensation for overtime and    in the Manufacturing specialisation, who see it as a stepping stone to better
work done on public holidays.    careers, while 45.8% of candidates want to work for an established company.
                                 64.3% are concerned about receiving insurance for health, income and life.

                                                                                     Singapore | Salary Report 2020
20

Sales and                                      Sales and Marketing
                                                                                             Average Monthly
                                                                                               Salary (SGD)
Marketing                                            Digital Marketing                              $ 2,455
                                                        E-commerce                                   $ 2,511
                                             Marketing/Business Development                         $ 2,753
                                                       Merchandising                                 $ 2,146
                                                     Sales - Corporate                              $ 2,752
                                              Sales - Engineering/Technical/IT                      $ 3,699
                                                 Sales - Financial Services
                                                                                                    $ 3,069
                                                 (Insurance, Unit Trust, etc)
                                                   Sales - Retail/General                           $ 2,538
                                              Sales - Telesales/Telemarketing                       $ 2,525

Top Drivers of Attraction                                                   Sales

                                        1   Salary/
                                            Compensation             2   Work-life Balance
                                                                                              3    Job Security

                                                                         Marketing

                                                                                                   Career/
                                        1   Work-life Balance
                                                                     2   Salary/
                                                                         Compensation         3    Development
                                                                                                   Opportunities

                                     An attractive remuneration package is a highly attractive professional perk to
                                     Entry-Level candidates in the Sales and Marketing specialisations. However,
                                     they also care deeply about work-life balance.

                                     For new Marketing talent, accessing ample career development opportunities
                                     to boost their professional growth, is a must, while Entry-Level talent in the
                                     Sales specialisation want to feel secure about their jobs.

                                     Talent from both specialisations (50% for Sales and 71.4% for Marketing
                                     candidates) want to be provided with insurance covering health,
                                     income, and life, while 38.5% of new Marketing talent are interested in
Did You Know?                        promotion opportunities.

Nearly 60% of Entry-Level Sales      Receiving a reasonable number of annual leave entitlement is important to
and Marketing Executives say they    candidates in both specialisations (53.3% for Sales and 70.6% for Marketing
want their colleagues to be “fun”.   Executives). For 61.1% of Sales executives, working for an established
                                     company is a must.

                                                                                             Singapore | Salary Report 2020
21

Science                       Science
                                                                Average Monthly
                                                                  Salary (SGD)
                      Actuarial Science/Statistics                       $ 3,906

                     Agriculture/Forestry/Fisheries                      $ 2,575

                     Aviation/Aircraft Maintenance                       $ 2,230

                              Biomedical                                 $ 2,432

                            Biotechnology                                $ 2,404

                              Chemistry                                  $ 2,364

                     Food Technology/Nutritionist                         $ 2,184

                  Science and Technology/Laboratory                      $ 2,588

           Within the Science specialisation, Entry-Level Statistics and Actuarial Science
           talent commanded the highest average salary of $ 3,906 for 2019. Fresh
           graduates specialising in Food Technology and Nutrition received the lowest
           salary of $ 2,184 for 2019.

Services                     Services
                                                                Average Monthly
                                                                  Salary (SGD)
                           Customer Service                              $ 2,452

                          Law/Legal Services                             $ 2,550

                        Logistics/Supply Chain                           $ 2,365

                 Personal Care/Beauty/Fitness Service                    $ 2,505

               Security/Armed Forces/Protective Services                 $ 2,323

                    Social and Counselling Service                       $ 3,043

                    Technical and Helpdesk Support                        $ 2,414

           In 2019, Entry-Level Social and Counselling talent earned the highest average
           salary of $ 3,043 in the wider Services specialisation. Conversely, those taking
           up Security, Armed Forces and Protective Service roles saw the lowest mean
           starting salary, at $ 2,323.

                                                                  Singapore | Salary Report 2020
22

Salaries by Level
and Specialisation:
Junior Executive
This is a breakdown of the 2019 average monthly salaries offered to
talent working across various specialisations in Singapore, measured
over the first six months of the year.

The figures are further divided into job functions commonly held by
Junior Executives.

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23

Accounting                                  Accounting and Finance
                                                                                          Average Monthly
                                                                                            Salary (SGD)
and Finance                                     Banking/Financial Services                        $ 3,609

                                                 Finance - Audit/Taxation                         $ 3,777

                                         Finance - Corporate Finance/Investment/
                                                                                                  $ 3,745
                                                    Merchant Banking

                                            Finance - General/Cost Accounting                     $ 3,024

Top Drivers of Attraction                                             Accounting

                                        1    Salary/
                                             Compensation         2   Work-life Balance
                                                                                            3   Job Security

                                                                       Finance

                                                                       Career/
                                        1    Salary/
                                             Compensation         2    Development
                                                                       Opportunities        3   Work-life Balance

                                     Accounting and Finance talent working as Junior Executives value salary above
                                     all. However, they also hope to strike a reasonable balance between their work
                                     and personal lives and want to feel safe and secure regarding their job and
                                     career progression in general.

                                     Over half (53.2%) of talent in the Accounting specialisation want a guaranteed
                                     bonus, irrespective of company or individual performance. Working for
                                     employers who offer a five-day work-week structure is of great importance
Did You Know?                        to 70.1% of Accounting employees, while 63.4% of Accounting talent crave
                                     permanence in their jobs.
32.4% of Junior Executive Finance
talent and 35.6% of those in the     Apart from salary, Finance candidates in Junior positions expect employers
Accounting specialisation expect     to provide them with ample opportunities to take their careers to the next
employers to give them rewards in    level. They also value work-life balance. 42% of talent are interested in a
recognition of their hard work and   performance-based bonus, while 54.4% expect promotion opportunities. For
dedication.                          67.3% of Junior Executives in the Finance specialisation, working a five-day
                                     work week is important.

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24

Admin                                           Admin and HR
                                                                                        Average Monthly
                                                                                          Salary (SGD)
and HR                                     Clerical/Administrative Support                     $ 2,634

                                         Corporate Strategy/Top Management                     $ 3,773

                                                         HR                                    $ 3,062

                                     Secretarial/Executive and Personal Assistant              $ 3,405

Top Drivers of Attraction                                             Admin

                                     1    Salary/
                                          Compensation          2   Work-life Balance
                                                                                         3   Job Security

                                                                         HR

                                                                                              Career/
                                     1    Salary/
                                          Compensation          2   Work-life Balance
                                                                                         3    Development
                                                                                              Opportunities

                                  Junior Executives in the Admin and HR specialisations greatly value an
                                  attractive salary package and a nice balance between work and life. However,
Did You Know?                     those working in Admin roles seek security from their jobs, while HR
                                  candidates chase career development opportunities.
For 32.5% of Junior Executives
in the Admin specialisation and   For 51.8% of Junior candidates in Admin roles, and 58.9% of HR specialists,
32.6% of HR candidates, working   receiving insurance protecting health, income and life is key. Nearly two-thirds
in a company with a respectful    of Junior Admin and HR candidates want to work a five-day work-week. 53.5%
culture is a must.                of Admin talent seek permanent roles, while over half of HR employees seek
                                  promotion opportunities.

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25

Arts, Media                                 Arts, Media and Comms
                                                                                           Average Monthly
                                                                                             Salary (SGD)
and Comms                                      Advertising/Media Planning                          $ 2,992

                                              Arts/Creative/Graphics Design                         $ 3,157

                                              Entertainment/Performing Arts                         $ 3,147

                                            Public Relations/Communications                        $ 3,271

                                                    Publishing/Printing                            $ 2,464

Top Drivers of Attraction                                                                         Career/
                                       1    Salary/
                                            Compensation          2    Work-life Balance
                                                                                              3   Development
                                                                                                  Opportunities

                                    Salary is not the only factor for Junior Executives looking for jobs in the Arts,
                                    Media and Communication specialisation – they also care about maintaining
Did You Know?                       harmony between their personal and professional lives and want to work for
                                    employers who can boost their professional growth with career development
For 57.4% of Junior Executives      opportunities.
in the Arts, Media and Comms
specialisation, a permanent role    56.8% of Junior Executives want to be provided with insurance protecting
in an established and financially   life, health, and income, while 78.8% of talent want to be provided with
secure company is a “must”.         a reasonable amount of annual leave. Two thirds (66.7%) look forward to
                                    promotion opportunities to boost their careers.

Building and                               Building and Construction
                                                                                            Average Monthly
                                                                                              Salary (SGD)
Construction                                    Architecture/Interior Design                       $ 3,159

                                                   Property/Real Estate                           $ 3,227

Top Drivers of Attraction
                                       1    Salary/
                                            Compensation          2    Work-life Balance
                                                                                              3   Job Security

Did You Know?
                                    Junior talent in the Construction specialisation expect their jobs to provide
Junior Executive talent in the      them with security and stability. Apart from a high salary they also seek to
Construction specialisation value   achieve a balance between their personal and professional selves.
colleagues who are positive
and respectful, with 35.6% and      Receiving performance-based bonuses matter to 43.8% of Junior Executives
31.1% of candidates echoing         in the Construction and Building specialisation, with 64.7% of talent seeking a
these sentiments.                   permanent role. 73.7% of Junior talent want to pursue a career with employers
                                    who offer a reasonable number of annual leaves.

                                                                                            Singapore | Salary Report 2020
26

Computer and                                      Computer and IT
                                                                                          Average Monthly
                                                                                            Salary (SGD)
IT (Hardware                                     IT/Computer – Hardware                          $ 3,038
and Software)                                 IT/Computer - Network/System/
                                                                                                 $ 3,505
                                                    Database Admin

                                                  IT/Computer – Software                         $ 4,091

Top Drivers of Attraction
                                       1    Salary/
                                            Compensation          2   Work-life Balance
                                                                                            3   Job Security

                                     Apart from an attractive salary package, Junior Executives in both wings of the
                                     Computer and IT specialisations seek to attain harmony between their personal
                                     and professional lives. Talent in both specialisations value job security.

                                     Junior employees in the Hardware specialisation favour guaranteed bonuses
Did You Know?                        regardless of personal or company performance (46.4%), while 41.2% of those
                                     in the Software specialisation value contract-completion bonuses, especially if
10.5% and 16% of all candidates      they are working in contract positions.
in the Hardware and Software
specialisations have post-graduate   Over half of Junior Computer and IT Executives expect a reasonable amount
(master and doctorate) degrees.      of annual leave (61.9% for Hardware and 56.9% for Software). 42.3% of
                                     Hardware and 55.6% of Junior Software talent seek permanent roles.

                                                                                          Singapore | Salary Report 2020
27

Education                                    Education and Training
                                                                                         Average Monthly
                                                                                           Salary (SGD)
and Training                                            Education                                $ 3,660

                                                Training and Development                         $ 3,166

Top Drivers of Attraction
                                       1    Work-life Balance
                                                                  2     Salary/
                                                                        Compensation       3    Job Security

                                    Junior employees in the Education and Training specialisation consider work-
                                    life balance to be their top priority, and are on the lookout for employers who
                                    can offer them a professional life which does not bleed into the personal. They
Did You Know?                       also expect a fair compensation package, and assurance from their employers
                                    that their futures are secure.
Over 55% of Junior Executives
in the Education and Training       Over 60% of Junior Executive candidates in this specialisation consider being
Specialisation say they want        compensated for extra work done on weekends and public holidays a must.
medical coverage for themselves     Nearly half (44.1%) of talent expect to receive a guaranteed bonus regardless
and their families.                 of company performance or talent, while 45.1% seek professional permanence
                                    from their employers.

Engineering                                                                              Average Monthly
                                                    Engineering
                                                                                           Salary (SGD)
                                                 Engineering – Chemical                          $ 3,578
                                        Engineering - Civil/Construction/Structural              $ 3,251
                                                 Engineering – Electrical                        $ 3,508
                                        Engineering - Electronics/Communication                  $ 3,466
                                        Engineering - Environmental/Health/Safety                $ 3,504
                                                 Engineering – Industrial                        $ 3,553
                                           Engineering – Mechanical/Automotive                   $ 3,339
                                                  Engineering – Oil/Gas                          $ 3,549
                                                  Engineering – Others                           $ 3,464

Top Drivers of Attraction
                                       1                            2                      3
                                            Salary/                     Career/
                                            Compensation                Development             Job Security
                                                                        Opportunities

Did You Know?                       Apart from salary, Junior Executives in the Engineering specialisation consider
                                    a slew of other factors when choosing to work for a particular company or
Candidates in this specialisation   employer. Candidates consider career development opportunities offered by
are more than willing to put in     their employers and need to feel secure about their jobs.
extra hours at work – as long as
they are compensated fairly for     Over half of Junior employees (46.9%) expect to be provided with insurance
it. 40% say that compensation       covering health, income and life. Promotion opportunities and on-the-job
for work done during holidays or    training and skill development are crucial to 47.9% and 40.8% of talent
rest days is a “must”.              respectively, while 52.7% want employment at an established and financially-
                                    secure company.

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28

Healthcare                                            Healthcare
                                                                                            Average Monthly
                                                                                              Salary (SGD)
                                               Healthcare - Doctor/Diagnosis                         $ 4,506
                                          Healthcare - Nurse/Medical Support and
                                                                                                     $ 3,576
                                                         Assistant
                                                  Healthcare – Pharmacy                             $ 3,399

Top Drivers of Attraction
                                        1                          2                           3
                                                                        Salary/                     Career/
                                             Work-life Balance          Compensation                Development
                                                                                                    Opportunities

                                     Similar to their Entry-Level counterparts, those working in Junior positions
                                     in the Healthcare specialisation gravitate towards employers with policies
                                     that promote a satisfactory balance between the personal and professional.
                                     However, receiving an attractive salary package and working for employers
Did You Know?                        who can provide attractive career-boosting opportunities is important for them.

Over 30% of Junior Executives in     For 67.6% of Junior Executives in the Healthcare specialisation, compensation
the Healthcare specialisation want   for overtime work is a must. Receiving an annual guaranteed remuneration
to work with positive colleagues.    is important to 44.7% of talent, while 54.8% are looking for promotion
                                     opportunities.

Hospitality                                     Hospitality and F&B
                                                                                            Average Monthly
                                                                                              Salary (SGD)
and F&B                                      Food/Beverage/Restaurant Service                        $ 2,525

                                            Hotel Management/Tourism Services                        $ 2,739

Top Drivers of Attraction

                                        1    Salary/
                                             Compensation           2   Work-life Balance
                                                                                                3    Job Security

                                     Junior Executives in the Hospitality and F&B specialisations are mostly concerned
                                     about being able to balance both their personal and professional lives. However,
                                     salary and job-security is still important to them, and they gravitate towards
                                     employers who can provide them with these things.
Did You Know?
                                     For 44.8% of Junior candidates in the F&B specialisation and 57.5% of talent in
Over 20% of Junior Hospitality       the Hospitality specialisation receiving insurance covering health, income and life
Executives consider mentorship       is a must. Over half of employees (53.8% in the F&B and 63.9% in the Hospitality
programs and in-house training       specialisations) expect employers to provide them with a reasonable amount of
sessions to be highly important.     annual leave. 48% of Junior talent in F&B and 56.9% of Junior talent in Hospitality
                                     are looking for jobs in an established and financially-sound company.

                                                                                             Singapore | Salary Report 2020
29

Manufacturing                                     Manufacturing
                                                                                            Average Monthly
                                                                                              Salary (SGD)
                                      Maintenance/Repair (Facilities and Machinery)                $ 3,014

                                           Manufacturing/Production Operations                     $ 3,099

                                       Process Design and Control/Instrumentation                  $ 3,874

                                                Quality Control/Assurance                           $ 3,145

                                                   Quantity Surveying                              $ 3,310

Top Drivers of Attraction
                                       1   Salary/
                                           Compensation           2     Work-life Balance
                                                                                             3    Job Security

                                    An attractive salary package aside, Junior Executives in the Manufacturing
                                    specialisation also take into account the intangible benefits of a job when
                                    seeking out employers. Ensuring their professional lives do not eat into their
Did You Know?                       personal time is important, as is working for a company where their future is
                                    guaranteed.
Over 40% of Junior
Manufacturing Executives say        Junior Executives in the Manufacturing specialisation (58.3%) care greatly
they expect to receive retirement   about receiving insurance covering health, life, and income. For 64.3%, getting
benefits from employers.            a reasonable amount of annual leave is important, while 38.9% are on the
                                    lookout for permanent jobs.

                                                                                            Singapore | Salary Report 2020
30

Sales and                                  Sales and Marketing
                                                                                         Average Monthly
                                                                                           Salary (SGD)
Marketing                                        Digital Marketing                              $ 3,093
                                                   E-commerce                                   $ 3,636
                                         Marketing/Business Development                          $ 3,193
                                                  Merchandising                                 $ 2,735
                                                Sales - Corporate                                $ 3,182
                                         Sales - Engineering/Technical/IT                       $ 3,420
                                            Sales - Financial Services
                                                                                                $ 3,318
                                            (Insurance, Unit Trust, etc)
                                              Sales - Retail/General                            $ 2,818
                                          Sales - Telesales/Telemarketing                       $ 3,330

Top Drivers of Attraction                                              Sales

                                                                                               Career/
                                    1   Salary/
                                        Compensation            2    Work-life Balance
                                                                                          3    Development
                                                                                               Opportunities

                                                                     Marketing

                                                                                               Career/
                                    1   Work-life Balance
                                                                2    Salary/
                                                                     Compensation         3    Development
                                                                                               Opportunities

                                 Junior Executives in the Sales and Marketing specialisations care about work-
                                 life balance and salary. However, they are also searching for employers who
                                 can provide them with career development opportunities beneficial to their
Did You Know?                    professional growth.

Near a third of Junior Sales     48.8% of Sales and 73.1% Marketing Junior talent require a reasonable
Executives want employers to     amount of annual leave. Nearly half of Junior Executives in Sales expect to
provide medical coverage for     receive a guaranteed bonus regardless of company or personal performance.
themselves and their families.   Nearly a third of talent in Sales and half of talent in Marketing (31.6% and
                                 47.8% respectively) expect to receive promotions.

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31

Science                       Science
                                                                 Average Monthly
                                                                   Salary (SGD)
                      Actuarial Science/Statistics                       $ 3,841

                     Agriculture/Forestry/Fisheries                      $ 3,068

                     Aviation/Aircraft Maintenance                       $ 3,554

                              Biomedical                                 $ 3,624

                            Biotechnology                                $ 4,079

                              Chemistry                                  $ 3,276

                     Food Technology/Nutritionist                         $ 3,127

                  Science and Technology/Laboratory                      $ 3,358

           Junior Executives in the Biotechnology specialisation enjoyed the highest
           average monthly salary in the Science specialisation in 2019, at $ 4,079.
           Agriculture, Forestry and Fisheries Executives on the other hand brought in a
           mean annual salary of $ 3,068.

Services                     Services
                                                                 Average Monthly
                                                                   Salary (SGD)
                           Customer Service                              $ 2,820

                          Law/Legal Services                             $ 3,791

                        Logistics/Supply Chain                           $ 2,923

                 Personal Care/Beauty/Fitness Service                    $ 2,688

               Security/Armed Forces/Protective Services                 $ 2,975

                    Social and Counselling Service                       $ 3,198

                    Technical and Helpdesk Support                        $ 3,112

           Junior Legal Executives commanded the highest monthly average salary
           compared to its peers in the Services specialty, at $ 3,791. At the other end of
           the scale, Beauty, Fitness and Personal talent earned the lowest mean salary
           for 2019, at $ 2,688.

                                                                  Singapore | Salary Report 2020
32

Salaries by Level
and Specialisation:
Senior Executive
This is a breakdown of the 2019 average monthly salaries offered to
talent working across various specialisations in Singapore, measured
over the first six months of the year.

The figures are further divided into job functions commonly held by
Senior Executives.

                                                                       Singapore | Salary Report 2020
33

Accounting                                  Accounting and Finance
                                                                                          Average Monthly
                                                                                            Salary (SGD)
and Finance                                     Banking/Financial Services                       $ 5,003

                                                 Finance - Audit/Taxation                        $ 4,704

                                         Finance - Corporate Finance/Investment/
                                                                                                 $ 4,956
                                                    Merchant Banking

                                            Finance - General/Cost Accounting                     $ 4,141

Top Drivers of Attraction                                             Accounting

                                                                                               Career/
                                        1    Salary/
                                             Compensation         2   Work-life Balance
                                                                                           3   Development
                                                                                               Opportunities

                                                                       Finance

                                        1    Salary/
                                             Compensation         2   Work-life Balance
                                                                                           3   Job Security

                                     Salary aside, Senior Executives in the Accounting and Finance specialisations
                                     want employers to provide them with peace of mind regarding their jobs.
                                     Though they aspire to climb the corporate ladder at work, they want to do in
Did You Know?                        a way which does not disrupt the harmony between their professional and
                                     personal lives.
Talent in these specialisations
cares greatly about the type of      Overall, 46.4% and 50% of Senior Executives in the Accounting and Finance
company they work for. According     specialisations expect to be provided with insurance protecting income, life
to 43.8% of Accounting and           and health. 64.3% of Senior Accounting employees and 66.7% of Senior
43.3% of Finance employees           Finance talent want employers to provide them with a reasonable amount of
working in Senior Executive          annual leave entitlements.
positions, being employed by an
established and financially secure   Over a third (39.3%) of Accounting talent in Senior Executive roles consider
company is a “must”.                 promotions to be important, while 63.3% of Senior Executives in Finance seek
                                     permanence from their roles.

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Admin                                              Admin and HR
                                                                                           Average Monthly
                                                                                             Salary (SGD)
and HR                                        Clerical/Administrative Support                     $ 3,338

                                            Corporate Strategy/Top Management                     $ 6,067

                                                            HR                                    $ 4,105

                                        Secretarial/Executive and Personal Assistant              $ 3,872

Top Drivers of Attraction
                                        1    Salary/
                                             Compensation          2   Work-life Balance
                                                                                            3   Job Security

                                     Salary is not the only thing that matters to Admin and HR talent working as
                                     Senior Executives – they also want to work for employers who make them feel
                                     secure about their professional futures. They also care deeply about work-life
Did You Know?                        balance.

Working with respectful colleagues   42.3% and 50% of Senior Executives in the Admin and HR specialisations
is important to 56.1% of Admin       respectively, are interested in receiving a performance-based bonus. 66.1%
and 49.5% of Senior HR               and 61.1% of Admin and HR talent in Senior Executive roles want to work a
Executives, respectively.            five-day work week, while 49% and 52.4% of Senior Admin and HR Executives
                                     respectively are searching for permanent work.

                                                                                           Singapore | Salary Report 2020
35

Arts, Media                                  Arts, Media and Comms
                                                                                           Average Monthly
                                                                                             Salary (SGD)
and Comms                                       Advertising/Media Planning                         $ 3,818

                                               Arts/Creative/Graphics Design                       $ 3,959

                                               Entertainment/Performing Arts                       $ 3,750

                                             Public Relations/Communications                       $ 4,288

                                                    Publishing/Printing                            $ 3,704

Top Drivers of Attraction
                                                                                                  Career/
                                        1    Salary/
                                             Compensation         2    Work-life Balance
                                                                                             3    Development
                                                                                                  Opportunities

                                     While salary is a notable professional consideration for Senior Executives in the
                                     Arts and Media specialisation, they are also concerned about working for an
Did You Know?                        employer who takes work-life balance seriously and provides them with ample
                                     career development opportunities to boost their professional profiles.
Over half of talent (58.1%) in the
Arts and Media specialisation have   50% of Senior Executives in the Arts and Media specialisation are interested
a bachelor’s degree.                 in receiving a performance-based bonus, while 57.1% want to work a five-day
                                     work week, and 69% seek promotion opportunities to boost their careers.

Building and                                Building and Construction
                                                                                           Average Monthly
                                                                                             Salary (SGD)
Construction                                    Architecture/Interior Design                       $ 4,267

                                                    Property/Real Estate                           $ 4,348

Top Drivers of Attraction                                                                         Career/
                                        1    Salary/
                                             Compensation         2    Work-life Balance
                                                                                             3    Development
                                                                                                  Opportunities
Did You Know?

35.5% of Construction talent         Senior Executives in the Building and Construction specialisation value salary
working as Senior Executives         above everything else. Along with work-life balance, candidates also take into
expect employers to provide          account if they are offered ample career development opportunities to boost
them with medical coverage for       their professional lives.
themselves and their families,
covering items such as annual        Having a reasonable amount of annual leave is important to 48.3% of Senior
physical examination, maternity      Executives in the Building and Construction specialisation. To 50% of talent,
and dental benefits.                 receiving a performance-based bonus is a must, while 52% want promotion
                                     opportunities.

                                                                                            Singapore | Salary Report 2020
36

Computer and                                          Computer and IT
                                                                                                Average Monthly
                                                                                                  Salary (SGD)
IT (Hardware                                         IT/Computer – Hardware                            $ 4,425
and Software)                                     IT/Computer - Network/System/
                                                                                                       $ 4,938
                                                        Database Admin

                                                      IT/Computer – Software                           $ 5,254

Top Drivers of Attraction

                                            1   Salary/
                                                Compensation            2   Work-life Balance
                                                                                                 3    Job Security

                                         While receiving an attractive compensation package is important to Senior
                                         Executives in the Computer and IT specialisations, both Hardware and
                                         Software experts are concerned with intangible benefits of their jobs, such as
                                         work-life balance and job security.

Did You Know?                            40% and 41.5% of Senior Executives in the Computer and IT specialisations
                                         (Hardware and Software respectively) are interested in receiving insurance
20% of Senior Executives in the          covering health, income and life. Having a reasonable amount of annual
Hardware specialisation want             leave is important to candidates in both specialisations (50% and 57.1% for
both in-house and external               Hardware and Software respectively. Senior Executives in both specialisations
training programs.                       seek permanence from their jobs (61.9% and 57.4% for Hardware and
                                         Software respectively).

Education                                        Education and Training
                                                                                                Average Monthly
                                                                                                  Salary (SGD)
and Training                                                Education                                  $ 3,650

                                                     Training and Development                          $ 4,593

Top Drivers of Attraction
                                            1   Work-life Balance
                                                                      2     Salary/
                                                                            Compensation         3    Job Security

Did You Know?                            Senior Executives in the Education and Training specialisation value work-life
                                         balance above everything else. They are also attracted to companies which
24.2% of Senior Executives               offer a sizeable compensation package and professional security.
employed in contract positions in
this specialisation say that being       Having a reasonable amount of annual leave is important to 55.6% of Senior
paid a contract completion bonus         Executives in the Education and Training specialisation, while 60.6% expect
at the end of their stint is a “must”.   their employers to provide them with insurance covering health, life, and
                                         income. For 45.8% of Senior Executives, having a permanent role is a must.

                                                                                                Singapore | Salary Report 2020
37

Engineering                                          Engineering
                                                                                           Average Monthly
                                                                                             Salary (SGD)
                                                  Engineering – Chemical                           $ 6,067
                                         Engineering - Civil/Construction/Structural               $ 4,392
                                                  Engineering – Electrical                         $ 4,450
                                         Engineering - Electronics/Communication                   $ 4,653
                                         Engineering - Environmental/Health/Safety                 $ 4,739
                                                  Engineering – Industrial                         $ 4,509
                                            Engineering – Mechanical/Automotive                    $ 4,570
                                                   Engineering – Oil/Gas                           $ 4,540
                                                   Engineering – Others                            $ 4,949

Top Drivers of Attraction
                                        1    Salary/
                                             Compensation           2   Job Security
                                                                                             3    Work-life Balance

                                     Apart from an attractive salary package, Senior Executives in the Engineering
                                     specialisation require assurance from their employers that their jobs are likely
                                     to remain secure in the future. They also want to work for companies whose
Did You Know?                        policies help them maintain a satisfactory balance between work and leisure.

Respectful colleagues are a “must”   For 51.6% of Senior Executives in the Engineering specialisation, being
for 45.7% of Senior Executives in    provided with insurance covering health, income and life is a must. Additionally,
the Engineering specialisation.      56.4% a reasonable number of annual leave days, while 45.3% of Senior
                                     Executives in Engineering seek permanence from their jobs.

Healthcare                                            Healthcare
                                                                                           Average Monthly
                                                                                             Salary (SGD)
                                          Healthcare - Nurse/Medical Support and
                                                                                                   $ 3,990
                                                         Assistant
                                                  Healthcare – Pharmacy                             $ 5,010

Top Drivers of Attraction
                                        1                          2                          3
                                                                        Salary/                   Career/
                                             Work-life Balance          Compensation              Development
                                                                                                  Opportunities

Did You Know?                        Senior executives in the Healthcare specialisation are most attracted to
                                     employers who can ensure they enjoy a good work-life balance. Additionally,
Insurance is important to all        a satisfactory salary package and the guarantee of exciting career-boosting
candidates in this specialisation,   opportunities are important to them.
47.8% of whom say their
employers “must” provide them        For 63.6% of Senior executives in the Healthcare specialisation, receiving a
with protection for their health,    reasonable amount of annual leave is a must. 53.3% look forward to receiving a
income, and life.                    performance-based bonus, while 47.2% of talent are looking for opportunities
                                     that can take their careers to the next level.

                                                                                            Singapore | Salary Report 2020
38

Hospitality                                    Hospitality and F&B
                                                                                             Average Monthly
                                                                                               Salary (SGD)
and F&B                                     Food/Beverage/Restaurant Service                        $ 3,314

                                           Hotel Management/Tourism Services                        $ 3,406

Top Drivers of Attraction
                                       1                          2                           3
                                            Salary/                                                Career/
                                            Compensation                                           Development
                                                                       Work-life Balance           Opportunities

                                    Those working as Senior Executives in the Hospitality and F&B
                                    specialisations value salary above all, and seek to draw a fine line between the
Did You Know?                       personal and professional.

40% and 65.1% of Senior             65% and 71.8% of Senior Executives in the F&B and Hospitality specialisations
Executives employed in the F&B      respectively want to receive compensation for work done on off-days and public
and Hospitality specialisations     holidays.
expect to receive medical
coverage for themselves and their   54.8% and 47.4% of Senior Executives employed in the Hospitality and F&B
families, covering items such as    specialisations expect a guaranteed bonus as part of their compensation
annual physical examinations,       package, irrespective of individual or company performance. Nearly half (40.9%
dental benefits and maternity.      and 42.9%) of F&B and Hospitality talent consider on-the-job training and skill
                                    development crucial to their career plans.

Manufacturing                                      Manufacturing
                                                                                             Average Monthly
                                                                                               Salary (SGD)
                                      Maintenance/Repair (Facilities and Machinery)                 $ 4,040

                                           Manufacturing/Production Operations                      $ 3,836

                                       Process Design and Control/Instrumentation                   $ 4,817

                                                Quality Control/Assurance                           $ 4,392

                                                    Quantity Surveying                              $ 4,210

Top Drivers of Attraction
                                       1   Salary/
                                           Compensation            2     Work-life Balance
                                                                                              3    Job Security

                                    Like their Junior counterparts, Senior Executives in the Manufacturing
                                    specialisation look to employers who can offer them an attractive monthly
Did You Know?                       remuneration package. However, they want to work for a company which
                                    ensures that work does not interfere with their private time. Senior Executives
Nearly 20% of Senior                also want to be assured of the security of their job.
Manufacturing Executives
want employers to lead with a       Senior Executives in this specialisation are fond of their bonuses, with 36%
collaborative and supportive        expecting to be paid a performance-based bonus for their efforts. 60.5%
management style.                   want to receive a reasonable amount of annual leave, while 57.1% want to
                                    work in a permanent role.

                                                                                             Singapore | Salary Report 2020
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