The Robert Half Salary Guide provides expert insights into the latest hiring trends and industry salaries for finance and accounting, financial services and IT professionals.
Are you a hiring manager?
Discover the Singapore salaries you should offer to new employees, and learn about the latest hiring trends. Salary benchmarking is vital to ensure your business is attracting and retaining top talent.
Are you a jobseeker?
Compare your salary expectations against the industry average of your role – you may find it’s time to ask for a pay rise or search for a new job.
The impact of staff retention
Retaining top talent with the right skills in a digital age is a challenge for the Singapore employment market. 51% of Singapore CFOs surveyed anticipate voluntary employee turnover in the finance department alone to increase in 2018. To stay ahead in a competitive market, it is crucial for employers to ensure they have an effective employee retention program in place, which includes regularly reviewing the salaries of employees and potential new recruits.
An age of disruption
Digitisation and automation is shifting the focus of industry sectors towards upskilling their staff to leverage the benefits brought about by technology. Rather than eliminating jobs that is the predominant notion associated with automation, this age of disruption is in fact about adapting to change – and turning leads to new opportunities. Consequently, top candidates who can demonstrate such adaptability are in a strong position to negotiate salaries.
Remuneration decisions in 2018
With a combination of skill shortages and a slow wage growth across the country, many hiring managers now realise the benefit of offering a higher Singapore salary as a method of retention to avoid the risk of losing their best talent. If companies are not in a position to offer higher salaries, non-monetary incentives such as professional development or flexible working hours can be key incentives for candidates.
Don't disregard the long term benefits of paying a competitive salary. Find out how you as an employer can benefit from offering a little more.
It’s the most dreaded question in any job interview: “What are your salary expectations?” Follow these five tips the next time you’re asked this question.