Post on 08-Apr-2018
8/7/2019 2010-2011 Singapore Salary & Employment Forecast
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SINGAPORE
SALARY &EMPLOYMENTFORECAST
2010/2011
8/7/2019 2010-2011 Singapore Salary & Employment Forecast
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SINGAPORE MichaelPageInternational
Salary & Employment Forecast 2010/2011
Contents
MICHAEL PAGE INTERNATIONAL 3
MARKET OVERVIEW 4
FINANCE 5
FINANCIAL SERVICES 7
HEALTHCARE & LIFE SCIENCES 9
HUMAN RESOURCES 11
PROCUREMENT & SUPPLY CHAIN 13
PROPERTY & CONSTRUCTION 15
SALES & MARKETING 17
TECHNOLOGY 19
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SINGAPORE MichaelPageInternational
Michael Page International
Welcome to the 2010/2011 Michael
Page International Salary & Employment
Forecast or Singapore.
Michael Page International is a world-
leading specialist recruitment consultancy
and we have built a cast-iron reputationon our consultative approach. Since
opening our ofce in Singapore in 1996,
we have expanded our reach across
several new industries and regions.
Our consistent organic growth strategy
and continued investment through
business cycles is driving our growth
in the specialist recruitment market in
Singapore. Our understanding o the
markets, the businesses and individuals
within these markets enables us to
acilitate the perect match between all
parties. Our clients, who range rom
global multinationals to small and medium
sized frms trust us to source permanent,
contract, temporary and interim talent in:
Finance
Financial Services
Healthcare & Life Sciences
Human Resources
Procurement & Supply Chain
Property & Construction
Sales & Marketing
Technology
The Salary & Employment Forecast
provides employers and employees with
useul insights into the hiring expectations,
recruitment challenges and salary
orecasts o key roles within each o our
specialist areas or the coming year.
I wish to thank everyone who contributed to
this years Salary & Employment Forecast
and trust you will fnd the new report helpul
and inormative. We welcome your eedback
and encourage you to contact us or urther
inormation or market specifc advice.
Andrew Norton
Managing Director, Singapore
Andrew Norton
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SINGAPORE MarketOverview
Market Overview
The white collar employment market in
Singapore has rebounded strongly in
the atermath o the global economic
downturn. Jobs growth is occurring across
all proessional occupation groups and the
employment outlook or 2011 is buoyant.
Our annual employment survey, which
this year includes responses rom over
400 senior managers rom Singapores
corporate sector, reveals 53% o employers
anticipate an increase in sta numbers over
the next 12 months. Some 41% believe their
stafng levels will remain stable, with only
6% saying a reduction in headcount is likely.
The initial phase of recovery began in
the last quarter o 2009 and was driven
primarily by companies that were already
established in Singapore. Many were
operating with signifcantly reduced
sta numbers as a consequence o
the redundancies that occurred during
the downturn. As business conditions
improved, these employers increased
headcount quickly rom a very low base in
order to take advantage o opportunities
for growth. This resulted in a sharp spike in
hiring activity during the frst hal o 2010.
While this trend has continued into
the second hal o the year, the rate o
investment in new sta has moderatedwith most o the critical hires or the
year already completed. Companies
remain cautious about their bottom lines
and are hiring based on their stafng
requirements or the next six months,
as opposed to the next two years.
Fortunately, this slight easing in hiring
activity is being oset by the entry o
new multinationals into the Singapore
market. Global companies are looking to
Southeast Asia as a core growth market
given the ongoing uncertainties plaguing
the US and European economies. Within
Southeast Asia, Singapore is regarded as
a logical business hub with a well qualifed
workorce and the required inrastructure
to support international business activities.
Government tax incentives have urther
encouraged multinationals to set up
regional headquarters in Singapore and
this is also having a positive eect.
The nancial services, bio-pharmaceutical
and semicon industries are experiencing
high levels o jobs growth and we
anticipate this will continue in 2011. In
fnancial services, more banks are setting
up regional hubs in Singapore and this
is driving demand or proessionals
with specialist skills in compliance and
technology. Private banking is a core
growth market and many employers are
recruiting seasoned banking talent rom
overseas markets like the UK and Europe.
The labour market is tightening and staff
retention is becoming a major challenge oremployers. During the economic downturn,
companies retained their top ront line
perormers and support sta with business
critical skills. Many o these employees were
asked to cope with increased responsibility
and work volumes, without a review o
salary. Now that the employment market
is recovering, these employees are less
cautious about a career move and are
actively looking or their next opportunity.
0% 5% 10% 15% 20% 25% 30%
27%
32%
35%
9%
21%
20%
Career development & planning
Training & development
Key retention strategies over the next 12 months
0% 5% 10% 15% 20% 25% 30% 35%
1%
14%
32%
35%
12%
4%
2%
Average percentage salary increase
53%
6%
41%
Predicted staff numbers for the next
12 months
Increased
Decreased
Remained stable
12% 73%
15%
Salaries to increase in the next
12 months
Yes
No
Unsure
19% 15%
12%
38%
16%
Hiring focus by level of experience
Graduate
Junior
Mid-level
Senior
Executive
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SINGAPORE Finance
Finance
Recruitment activity in the nance sector is
increasing as market conditions continue
to improve. Both local and multinational
companies are investing heavily in growth,
with more than hal o the companies
surveyed expecting an increase in sta
numbers over the next 12 months.
There is consistent demand for Financial
Analysts with strong business partnering
experience. Other niche skills in areas
such as treasury and tax continue to be
highly sought ater as companies aim to
better manage cash and oreign currency
risk, as well as comply with local tax
regulations rom other regions within Asia.
We are also seeing increasing demand or
compliance proessionals as businesses
place more o an emphasis on corporate
governance and risk management.
As the popularity o Singapore as a fnancial
hub grows, companies are expandingtheir operations and establishing new
ofces and regional headquarters. This
activity is expected to urther increase
the demand or fnance proessionals
in 2011. Strong communication skills
and excellent commercial awareness
will be particularly sought ater to help
companies support this growth.
52%
9%
39%
Predicted staff numbers for the next
12 months
Increased
Decreased
Remained stable
13% 23%
6%
51%
7%
Hiring focus by level of experience
Graduate
Junior
Mid-level
Senior
Executive
19%
76%
5%
Salaries to increase in the next
12 months
Yes
No
Unsure
0% 5% 10% 15% 20% 25% 30% 35%
1%
9%
33%
30%
19%
6%
2%
Average percentage salary increase
0% 5% 10% 15% 2 0% 30%25%
30%
24%
22%
17%
29%
Key retention strategies over the next 12 months
43%
47%
10%
Likelihood of professional skills
shortage over the next 12 months
Yes
No
Unsure
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SINGAPORE Finance
Finance salary tables
Please note:
1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes.
2. Market rates are becoming much less uniorm. While we have taken great care, these salary ranges can only be approximateguides, as there are oten specifc circumstances relating to individual companies. Please call us or additional inormation.
GENERAL
Role 3 to 5 years 5 to 10 years 10 to 15 years More than 15 years
SG$000 SG$000 SG$000 SG$000
CFO/Finance Director (large organisation) 220250 250300 300350 350+
CFO/Finance Director (small/medium organisation) 180200 200230 230280 280+
Finance Director (shared services centre) 200220 220250 250+ Financial Controller (large organisation) 160200 200250 250+
Financial Controller (small/medium organisation) 130150 150180 180+
Financial Controller (shared services centre) 130150 150200 200+
Finance Manager (large organisation) 100130 130180 180+
Finance Manager (small/medium organisation) 7090 90120 120+
Finance Manager (shared services centre) 80100 100120 120+
Financial & Planning Analysis Manager 100120 120150 150200 200+
Financial/Business Analyst 5065 65100
Financial Accountant 4560 60100
Group Accountant Consolidation 5065 65100
Costing Manager 80100 100150
Cost Accountant 5065 6580
Credit Director 130150 150180 180220 220+Credit Manager 80100 100130 130150
Credit Analyst 4560 6090
Accounts Payable Manager 6070 7090
Accounts Payable Accountant 3550 5060
SPECIALIST
Treasury Director 180200 200250 250+
Treasury Manager 100120 120180 180+
Treasury Analyst 5570 70100
Tax Director 180220 220280 280+
Tax Manager 100150 150180 180+
Tax Analyst 5575 75100
Corporate Finance Director 130150 150180 180220 220+
Corporate Finance Manager 90120 120150 150+
Internal Audit Director 180200 200230 230280 280+
Internal Audit Manager 120150 150200 200+
Internal Auditor 5580 80120
Revenue Recognition 80120 120180 180250
Pricing Manager 80120 120150 150+
Pricing Analyst 4560 6070
PUBLIC ACCOUNTING (BIG 4)
Auditor 5065 65100
Audit Manager 85120 120150
Tax Associate 5065 65100
Tax Manager 85120 120150
Tax Director 150180 180220 220+
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SINGAPORE FinancialServices
Financial Services
Recruitment activity in the nancial
services industry has increased over
the last 12 months, with more than hal
o the companies surveyed reporting
an increase in hiring activity.
Teams are expanding within theinrastructure divisions as Singapore
continues to establish itsel as an
operational hub. Strong demand is being
seen or client onboarding, reerence
data and project roles. Recruitment in the
risk and compliance area has also been
positive at all levels. Local candidates with
established relationships with regulatory
authorities are particularly sought ater.
The requirement for middle and senior
management positions has returned to
the fnance sector, with rising demand
or product control and fnancial
planning and analysis proessionals,
particularly at the Associate Vice
President/Vice President levels.
Hiring in front ofce areas has varied by
institution. There has been an overall
increase in demand or proessionals in the
equities markets, as well as for Relationship
Managers, as banks look to generate
revenue and expand their existing customer
base. We are also seeing a strong ocus on
transaction banking, cash, trade, structured
trade and commodity fnancing roles.
The strong hiring activity in the sector
looks set to continue into 2011. I positive
market conditions continue, banks
will persist with their expansion plans
and this will drive new jobs growth.
60%
6%
34%
Predicted staff numbers for the next
12 months
Increased
Decreased
Remained stable
25%
11%
18%
21%
25%
Hiring focus by level of experience
Graduate
Junior
Mid-level
Senior
Executive
11%
71%
18%
Salaries to increase in the next
12 months
Yes
No
Unsure
0% 5% 10% 15% 20% 25% 30%
3%
18%
24%
26%
19%
7%
3%
Average percentage salary increase
0% 5% 10% 15% 20% 25% 30% 35% 40%
19%
15%
28%
38%
Key retention strategies over the next 12 months
45%
41%
14%
Likelihood of professional skills
shortage over the next 12 months
Yes
No
Unsure
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FINANCE
Role Associate Associate Vice President Vice President Director/MD
SG$000 SG$000 SG$000 SG$000
CENTRAL FINANCE
Financial Reporting 6095 85130 160250 260+
Tax Accountant 6095 85130 160250 260+Management Reporting 6095 85130 160250 260+
Costing Controls/Analytics 6095 85130 160250 260+
VALUATIONS
Quantitative 6095 85130 180250 260+
Price Testing 6095 85130 180250 260+
FINANCE PROJECTS
Business Analyst 6095 85130 160250 260+
PRODUCT CONTROL
Cash 6095 95130 160250 260+
Equities & Finance 6095 95130 160250 260+
Commodities & Derivatives 6095 95130 160250 260+
AUDIT, COMPLIANCE & RISKAUDIT
Internal Audit 6090 90145 175240 250+
IT Audit 6090 90145 175240 250+
COMPLIANCE
AML (Audit Money Laundering) 6080 80145 145240 250+
TTM (Transaction Trend Monetising) 6090 90145 175240 250+
MAS Compliance 6080 90120 130240 250+
RISK
Market Risk 6090 100120 120250 250+
Credit Risk 6090 100120 120250 250+
Operational Risk 6090 85130 170240 250+
OPERATIONSOPERATIONS
Project Management 6085 85140 140230 220+
MIDDLE OFFICE
Client Servicing 5080 80120 120200 200+
BACK OFFICE
Settlement 4565 65120 130200 200+
Corporate Actions 4565 65120 130200 200+
Reconciliation 4565 65120 130200 200+
Documentation 4580 80120 130200 200+
Collateral Management 4575 75120 130180 190+
Fund Administration 4575 75120 130180 190+
FRONT OFFICE
INVESTMENT BANKING
Private Equity 100150 150190 190250 250+
Investment Banking 100150 150190 190250 250+
Debt Capital Markets 60140 110160 160220 220+
Equity Capital Markets 60140 130160 160220 220+
CORPORATE/INSTITUTIONAL BANKING
Corporate Banking RM 4090 90130 130180 180+
Credit 3080 80110 110140 140+
FUND MANAGEMENT
Portolio Managers 60100 100140 140200 200+
Research 60100 100150 150200 200+
Institutional Sales & Marketing 45110 110140 140170 170+
SINGAPORE FinancialServices
Financial Services salary tables
Please note:
1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes.
2. Market rates are becoming much less uniorm. While we have taken great care, these salary ranges can only be approximateguides, as there are oten specifc circumstances relating to individual companies. Please call us or additional inormation.
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SINGAPORE Healthcare&LifeS
ciences
Singapore continues to establish itsel as
a prime location or pharmaceutical and
biomedical operations. A growing number
o multinational companies are looking
towards Singapore as a regional hub or
their research and development activity,
with signifcant investment rom newmultinationals being seen throughout 2010.
The Singapore Government continues to
invest in the Science Park and Biopolis
to help meet this increasing demand.
With the primary ocus on high-tech
manuacturing, the biologics industry is
suering a skills shortage or technical
roles, particularly at the senior level. Clinical
operations and clinical quality proessionals
are also in high demand as more major
Contract Research Organisations (CROs)
choose to invest in the country.
Many large scale pharmaceutical mergers
took place in early 2010, which caused most
manuacturing operations to implementhiring reezes throughout the post-merger
consolidation period. These restrictions are
now starting to lit as a growing number o
companies shit their ocus to expansion.
Hiring activity will increase strongly
over the next 12 months, with major
investment in research and development
activities also expected to continue.
Healthcare & Life Sciences
53%
3%
44%
Predicted staff numbers for the next
12 months
Increased
Decreased
Remained stable
14%
19%
11%
42%
14%
Hiring focus by level of experience
Graduate
Junior
Mid-level
Senior
Executive
11%
64%
25%
Salaries to increase in the next
12 months
Yes
No
Unsure
0% 5% 10% 15% 20% 25% 30% 35%
2%
20%
29%
32%
8%
4%
5%
Average percentage salary increase
0% 5% 10% 15% 20% 25% 30%
14%
32%
35%
9%
33%
21%
Key retention strategies over the next 12 months
43%
35%
22%
Likelihood of professional skills
shortage over the next 12 months
Yes
No
Unsure
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CLINICAL RESEARCH
Role 3 to 5 years 5 to 10 years 10 to 15 years More than 15 years
SG$000 SG$000 SG$000 SG$000
Medical Aairs 110130 120180 180250 300+
Clinical Operations 5070 7090 100120 150+
Drug Saety/Pharmacovigilence 4555 5580 90150 Data Management 4570
BioStatistician 5080 80100
SAS Programmer 5080 80100
RESEARCH & DEVELOPMENTScientists (PhDs) 6080 90120 120180 200+
Scientists (nonPhDs) 4570 80100 120140
OPERATIONSManuacturing 5070 7090 100160 200+
Process Engineering 6080 90120 120150 180+
Mechanical Engineering 6080 90120 120150 180+
Electrical Engineering 6080 90120 120150 180+Controls/Automation 6080 90120 120150 180+
EHS 6080 90120 120150 180+
Validation 6080 90120 120150 180+
QUALITY & COMPLIANCERegulatory Affairs 6080 90120 120150 200+
Quality Assurance (GMP) 6080 90120 120150 200+
Quality Control 4570 80120 120140
Microbiology 4570 80120 120140
COMMERCIALGeneral Manager 120150 150200 200250 300+
Sales/Medical Representative 5080 90120 Sales Manager 80100 100140 120150
Sales Director 100120 120180 150200 200+
Product Manager 6080 80110 100130
Senior/Group Product Manager 80100 100120 110150
Marketing Manager 100120 100150 120150 150+
Marketing Director 120+ 150180 180220 220+
Please note:
1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes.
2. Market rates are becoming much less uniorm. While we have taken great care, these salary ranges can only be approximateguides, as there are oten specifc circumstances relating to individual companies. Please call us or additional inormation.
SINGAPORE Healthcare&LifeS
ciences
Healthcare & Life Sciences salary tables
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SINGAPORE HumanResources
Human Resources
In an eort to support business growth,
an increasing number o companies are
looking for the traditional HR function
to have more o a strategic ocus. As
companies plan their hiring strategies or
the year ahead, highly experienced Talent
Managers are becoming particularly soughtater to help implement talent acquisition
and succession planning strategies.
Demand is also increasing or proessionals
with experience in setting up Shared
Services operations in Singapore.
Companies are looking for professionals
with an understanding o dierent cultures
as well as the knowledge to recommend
and support organisational structural
efciencies. Bilingual language skills are
very highly regarded, particularly English,
Korean, Japanese and Mandarin.
As more companies expand to position
themselves or growth in 2011, the strong
hiring activity at senior levels is expected toflter downwards to middle to junior levels. A
steady volume o recruitment or generalist
HR roles is also expected as more new
companies set up operations in Singapore.
I the economy continues to strengthen over
the next 12 months, companies will continue
to increase their ocus on the retention o
top perormers. More employers will be
looking to employ talented HR professionals
with experience in the areas o talent
management and operational development.
Proessionals in the local market with
skills in the area o compensation
and benefts are a particular sourcing
challenge or employers. Employeesthat oer a blend o both operational
consultancy and commercial experience
in rewards and recognition programmes
will thereore be highly sought ater.
58%
3%
39%
Predicted staff numbers for the next
12 months
Increased
Decreased
Remained stable
19%
17%
15%
40%
9%
Hiring focus by level of experience
Graduate
Junior
Mid-level
Senior
Executive
6%
81%
13%
Salaries to increase in the next
12 months
Yes
No
Unsure
0% 5% 10% 15% 20% 25% 30% 35% 40%
2%
14%
38%
34%
8%
2%
2%
Average percentage salary increase
0% 5% 10% 15% 20% 25% 30%
24%
26%
33%
35%
9%
17%
20%
Key retention strategies over the next 12 months
31%
46%
23%
Likelihood of professional skills
shortage over the next 12 months
Yes
No
Unsure
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BANKING & FINANCE
Role 3 to 5 years 5 to 10 years 10 to 15 years More than 15 years
SG$000 SG$000 SG$000 SG$000
Head of Human Resources 250+ 300+
HR Generalist/Business Partner 55110 110200 200+
Compensation and Benets Specialist 60110 110200 200+ 250+
Learning and Development Specialist 50100 100180 180+ 220+
Recruitment Specialist 50100 100180 180+ 220+
Organisational Development 60110 110200 200+ 250+
HRIS Specialist 5090 90160 160+ 180+
Payroll Specialist 4070 70100 100+ 100+
Mobility Specialist 5070 70150 150+ 160+
COMMERCE & INDUSTRYHead of Human Resources 250+ 300+
HR Generalist/Business Partner 50100 100180 180+
Compensation and Benets Specialist 50110 110200 200+ 220+
Learning and Development Specialist 5090 90150 150+ 200+
Recruitment Specialist 5090 90150 150+ 200+Organisational Development 5090 90180 180+ 250+
HRIS Specialist 5090 90130 130+ 180+
Payroll Specialist 4080 80100 100+ 100+
Mobility Specialist 5090 90140 140+ 160+
Please note:
1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes.
2. Market rates are becoming much less uniorm. While we have taken great care, these salary ranges can only be approximateguides, as there are oten specifc circumstances relating to individual companies. Please call us or additional inormation.
SINGAPORE HumanResources
Human Resources salary tables
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SINGAPORE Procurement&Su
pplyChain
The requirement for highly skilled
procurement and supply chain
proessionals increased steadily throughout
2010 in line with rising global consumer
demand. Experienced proessionals
in the areas o strategic procurement
and demand planning are particularlysought ater as more companies ocus on
developing efciencies in their operations
and implementing cost control measures.
With economic conditions improving
across Asia, particular demand is also
being seen or talented proessionals
in the electronics and FMCG areas, as
well as in the 3PL and energy markets.
As more companies transer their global
supply chain unctions to Singapore, hiring
activity is expected to increase steadily
throughout 2011. O the companies
surveyed or this report, over 50% intend
to increase employee numbers during
this period. Competition is also expectedto increase or talented proessionals
at both local and oshore levels. More
overseas proessionals are expected
to move to Singapore in 2011 on local
packages or the ast career growth
opportunities available in the Asia region.
Procurement & Supply Chain
53%
9%
38%
Predicted staff numbers for the next
12 months
Increased
Decreased
Remained stable
27%
32%
2%
21%
18%
Hiring focus by level of experience
Graduate
Junior
Mid-level
Senior
Executive
9%
79%
12%
Salaries to increase in the next
12 months
Yes
No
Unsure
0% 5% 10% 15% 20% 25% 30% 35% 40%
1%
19%
38%
26%
6%
7%
3%
Average percentage salary increase
0% 5% 10% 15% 20% 25% 30%
16%
26%
22%
35% 40%
36%
Key retention strategies over the next 12 months
48%
42%
10%
Likelihood of professional skills
shortage over the next 12 months
Yes
No
Unsure
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OIL & GAS/PHARMACEUTICALS
Role 3 to 5 years 5 to 10 years 10 to 15 years
SG$000 SG$000 SG$000
Direct 4080 95140 140180
Indirect 5090 100150 160220
Supply Chain 4080 90140 150190Planning 5080 95140 140180
Distribution/Warehousing 4070 80130 150180
LEAN/Six Sigma 5080 100140 160200
Quality 4070 80110 120160
Logistics/3PL 3060 70100 90130
FMCG/RETAILDirect 3070 80120 130170
Indirect 4080 90140 160200
Supply Chain 3070 80120 140180
Planning 3070 80120 140180
Distribution/Warehousing 3060 70120 130160
LEAN/Six Sigma 5080 100130 150180Quality 3070 80110 120160
Logistics/3PL 3060 7090 100150
TECHNOLOGYDirect 3050 60100 120160
Indirect 4080 90140 150180
Supply Chain 3070 80120 120160
Planning 3070 80120 120160
Distribution/Warehousing 3060 70120 120150
LEAN/Six Sigma 5080 100130 150180
Quality 3070 80110 120160
Logistics/3PL 3060 7090 100150
FINANCIAL SERVICESProcurement/Strategic Sourcing 5090 100150 160220
SINGAPORE Procurement&Su
pplyChain
Procurement & Supply Chain salary tables
Please note:
1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes.
2. Market rates are becoming much less uniorm. While we have taken great care, these salary ranges can only be approximateguides, as there are oten specifc circumstances relating to individual companies. Please call us or additional inormation.
8/7/2019 2010-2011 Singapore Salary & Employment Forecast
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SINGAPORE Property&Construction
Property & Construction
The property market in Singapore and
the wider South East Asia region began
a steady recovery in 2010 and is now
looking or increased investment to help
sustain growth. As the property und
market improves, demand will continue
or proessionals with solid investmentand transaction related experience.
Leasing and development roles are also
increasingly required as the property
development market continues to grow.
During the global economic downturn,
employment opportunities in the property
and construction sectors signifcantly
decreased. I the economy continues
to strengthen over the next 12 months,
the positive hiring activity experienced
throughout 2010 will continue. Some 46%
o respondents surveyed predict that a
proessional skills shortage will be an issue
or their business over the coming year.
In 2011, most property and constructionbusinesses will be ocusing their initial
recruitment on junior and middle
management roles. Employers are likely
to invest in their management capability
frst beore the demand or director level
roles increases again. Proessionals
with specialist or in-demand skill sets
are the most likely to beneft rom
the increasing scope o employment
opportunities moving into 2011.
38%
8%
54%
Predicted staff numbers for the next
12 months
Increased
Decreased
Remained stable
9% 21%
4%
43%23%
Hiring focus by level of experience
Graduate
Junior
Mid-level
Senior
Executive
9%
62%
29%
Salaries to increase in the next
12 months
Yes
No
Unsure
0% 10% 20% 30% 40% 50%
2%
19%
6%
41%
25%
4%
3%
Average percentage salary increase
0% 5% 10% 15% 20% 25% 30% 35% 40%
38%
15%
27%
20%
Key retention strategies over the next 12 months
31%
46%
23%
Likelihood of professional skills
shortage over the next 12 months
Yes
No
Unsure
8/7/2019 2010-2011 Singapore Salary & Employment Forecast
16/22Page 16Singapore Sa lary & Employment Forecast 2010/2011
CORPORATE REAL ESTATE
Role 3 to 5 years 5 to 10 years 10 to 15 years More than 15 years
SG$000 SG$000 SG$000 SG$000
Property Management 5580 80105 110140 150+
Leasing & Transaction Management 6080 80110 120180 220+
Facilities Management & Corporate Services 5060 6090 110140 180+Environment Health & Safety 5580 75100 100120 140+
Security & BCP 6080 80110 105130 150+
PROJECTSProject Development 90110 130180 180240 250+
Construction & Project Management 7090 90120 140180 220+
Ofce Fit-Out 6080 80100 120160 200+
Design Management 5075 80105 130180 230+
REAL ESTATE INVESTMENTSAnalyst Associate Vice Presidents SVP/Director
Asset Management 5070 6590 120160 200+
Investment Management 5070 6590 140200 220+Portolio Management 5070 6590 120160 220+
SINGAPORE Property&Construction
Property & Construction salary tables
Please note:
1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes.
2. Market rates are becoming much less uniorm. While we have taken great care, these salary ranges can only be approximateguides, as there are oten specifc circumstances relating to individual companies. Please call us or additional inormation.
8/7/2019 2010-2011 Singapore Salary & Employment Forecast
17/22Page 17Singapore Sa lary & Employment Forecast 2010/2011
SINGAPORE Sales&Marketing
Sales & Marketing
Throughout 2010, high demand has been
seen or sales proessionals in revenue
generating roles such as Business
Development Managers and local and
regional Sales Managers. Proessionals
with the ability to deliver immediate sales
results have been particularly sought ateracross all levels and industry sectors.
The level of hiring activity for marketing
proessionals grew steadily throughout
early 2010, with a sharper increase in
demand occurring in the second hal o
the year. The strong recruitment activity
is a positive sign that companies are
expanding their back ofce unctions
to help support and sustain business
growth. Particular demand is being seen
or Marketing Specialists and Marketing
Managers. Whilst many companies
are seeking proessionals with brand
management and product management
backgrounds, there is also an increasing
demand or proessionals with retail insight
and customer marketing experience.
Recruitment activity in the sales and
marketing sectors traditionally slows down
towards the end of the year. Companies
will be using this period to assess the
economic recovery and will most likely
begin hiring again in the New Year.
The employment outlook is positive for both
sales and marketing proessionals in 2011.
Companies that have strengthened
their sales teams in 2010 will be looking
to sustain this growth and are likely to
continue their recruitment campaigns
at a steadier pace next year.
I the domestic and global economiescontinue to strengthen over the next
12 months, sectors such as Oil & Gas
and IT & T, which were more cautious
toward hiring in 2010, are likely to take
the lead in the market in 2011.
57%
4%
39%
Predicted staff numbers for the next
12 months
Increased
Decreased
Remained stable
5%
27%
6%
23%
39%
Hiring focus by level of experience
Graduate
Junior
Mid-level
Senior
Executive
11%
57%
32%
Salaries to increase in the next
12 months
Yes
No
Unsure
0% 10% 20% 30% 40% 50%
2%
13%
25%
41%
10%
5%
4%
Average percentage salary increase
0% 5% 10% 15% 20% 25% 30% 35% 40%
36%
14%
39%
11%
Key retention strategies over the next 12 months
52%
31%
17%
Likelihood of professional skills
shortage over the next 12 months
Yes
No
Unsure
8/7/2019 2010-2011 Singapore Salary & Employment Forecast
18/22Page 18Singapore Sa lary & Employment Forecast 2010/2011
CONSUMER PRODUCTS
Role 3 to 5 years 5 to 10 years 10 to 15 years More than 15 years
SG$000 SG$000 SG$000 SG$000
Sales Director/ Regional Director 220280 250+
General Manager 150250 250350 350+
Sales/Key Account Manager 6090 80150 150+ Marketing Director 150220 220300 280+
Marketing Manager 80110 100150 140+
Brand Manager 6090 90130
Product Manager 6090 80130
Marketing Communications Manager 6090 80130 120200 180+
Visual Merchandiser 5080 80130 120+
HEALTHCARESales/Medical Representative 4060
Sales Manager 6080 100150 150+
Sales Director 130180 160200 200+
Product Manager 6080 80110 100130
Marketing Manager 6090 100150 120170 170+
Marketing Director 180220 220+
General Manager 120180 180300 300+
Business Unit Director 200300 300+
TECHNOLOGYGeneral Manager 220290 300+
Sales/BD Director 150220 220+
Account Manager 7090 90130 130180
Channel Sales/Direct Sales Manager 6080 80120 120+
Marketing Director N/A 120150 150220 220+
Marketing Manager 90120 120150 150200
Communications Manager 80100 100140 140180 190+
Direct Marketing Manager 80100 100130 130+
Product Manager 70100 100130 130+
BUSINESS SERVICESHead of Marketing Communications 200260 260+
Marketing Director 160200 220+
Marketing Manager 90130 130160
Public Relations Manager 120150 150180 190+
Corporate Affairs/Communications 90120 120160 160200 200+
Media Relations 70100 100140 140+
SINGAPORE Sales&Marketing
Sales & Marketing salary tables
Please note:
1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes.
2. Market rates are becoming much less uniorm. While we have taken great care, these salary ranges can only be approximateguides, as there are oten specifc circumstances relating to individual companies. Please call us or additional inormation.
8/7/2019 2010-2011 Singapore Salary & Employment Forecast
19/22Page 19Singapore Sa lary & Employment Forecast 2010/2011
SINGAPORE Technology
Technology
Hiring activity in the technology sector
strengthened in 2010. Major banking
institutions in Singapore are beginning to
expand and re-invest in their client acing,
commercial and business improvement
projects, which is driving strong demand
for Project Managers. IT professionalswith exposure to high budget programme
management and a successul track record
o delivery are also highly sought ater in the
banking and fnancial services industry.
An increasing number o companies
in the commerce sector are seeking to
hire highly skilled inrastructure-based
Operations Managers. Employers are
looking to re-establish this capacity
ollowing the difcult conditions o the global
fnancial crisis, where many operational
management roles were the frst to be
aected by cost cutting measures.
The demand for IT professionals within thehealthcare, pharmaceutical and clinical
research sectors is rapidly increasing
throughout the Asia Pacic region. This is
primarily due to US corporations expanding
their Asia Pacifc operations into emerging
markets such as China and India and using
Singapore as a skilled hub or most back
ofce operations. Demand in this area is
expected to continue throughout 2011.
I the global economy continues to
strengthen over the next 12 months,
the Singapore market will continue to
see increased levels o hiring activity.
Multinationals will urther expand their
head ofce operations in Singapore and
this will drive demand for IT professionals.
43%
2%
55%
Predicted staff numbers for the next
12 months
Increased
Decreased
Remained stable
13%
32%
2%
37%
16%
Hiring focus by level of experience
Graduate
Junior
Mid-level
Senior
Executive
22%57%
21%
Salaries to increase in the next
12 months
Yes
No
Unsure
0% 5% 10% 15% 20% 25% 30% 35%
2%
15%
33%
10%
32%
5%
3%
Average percentage salary increase
0% 10% 20% 30% 40% 50%
17%
26%
22%
16%
41%
Key retention strategies over the next 12 months
19%
51%
30%
Likelihood of professional skills
shortage over the next 12 months
Yes
No
Unsure
8/7/2019 2010-2011 Singapore Salary & Employment Forecast
20/22Page 20Singapore Sa lary & Employment Forecast 2010/2011
BANKING AND FINANCIAL SERVICES
Role 3 to 5 years 5 to 10 years 10 to 15 years More than 15 years
SG$000 SG$'000 SG$'000 SG$'000
DEVELOPMENT, DESIGN & ARCHITECTURE
Analyst Programmer 4555 5565
Lead Analyst Programmer 7080 Architect Applications, Solutions, Systems, Data 125135
Enterprise Architect 125135
Application Development Manager 135145
TESTING
Test Analyst 4555 5565
Team Lead - Testing 6590
Test Manager 115130
DATABASE MANAGEMENT
Database Administrator 4555 5565
Senior Database Administrator/Data Analyst 7080
Data Warehousing/Modelling Specialist 90110
Data Architect 120140
INFRASTRUCTURE/NETWORK
Network Support 1st/2nd Level 5055 5560
Network Engineer 8090
Network Architect 100140
Security Analyst/Consultant 5565 70 80
Security Manager 120140
Inrastructure Manager 130145
Senior Inrastructure Manager 160175
PROJECT & GENERAL MANAGEMENT
Project Co-ordinator 5085
Project Manager 120150
Senior Project Manager 140170
Project Director 200250
Business Analyst 75100
Senior Business Analyst 90110
IT Manager 130150 150170
IT Director 225275
Chief Information Ofcer 300400
SUPPORT/ADMINISTRATION
1st Level Helpdesk Analyst 5055
2nd Level Desktop Support Analyst 5060
3rd Level Support Analyst 6065
Unix Administrator 6070
Network Administrator 6070
Helpdesk Manager 8595
Service Centre Manager 130160
Please note:
1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes.2. Market rates are becoming much less uniorm. While we have taken great care, these salary ranges can only be approximate
guides, as there are oten specifc circumstances relating to individual companies. Please call us or additional inormation.
SINGAPORE Technology
Technology salary tables
8/7/2019 2010-2011 Singapore Salary & Employment Forecast
21/22Page 21Singapore Sa lary & Employment Forecast 2010/2011
COMMERCE
Role 3 to 5 years 5 to 10 years 10 to 15 years More than 15 years
SG$000 SG$'000 SG$'000 SG$'000
DEVELOPMENT, DESIGN & ARCHITECTURE
Analyst Programmer 4050 5060
Lead Analyst Programmer 6575 Architect Applications, Solutions, Systems, Data 120130
Enterprise Architect 120130
Application Development Manager 130140
TESTING
Test Analyst 4050 5060
Team Lead - Testing 6085
Test Manager 110125
DATABASE MANAGEMENT
Database Administrator 4050 5060
Senior Database Administrator/Data Analyst 6575
Data Warehousing/Modelling Specialist 85100
Data Architect 110130
INFRASTRUCTURE/NETWORK
Network Support 1st/2nd Level 4550 5060
Network Engineer 7585
Network Architect 100140
Security Analyst/Consultant 5060 6575
Security Manager 100130
Inrastructure Manager 120140
Senior Inrastructure Manager 160175
PROJECT & GENERAL MANAGEMENT
Project Co-ordinator 5070
Project Manager 120150
Senior Project Manager 140170
Project Director 200225
Business Analyst 75100
Senior Business Analyst 90110
IT Manager 120140 140165
IT Director 200250
Chief Information Ofcer 275350
SUPPORT/ADMINISTRATION
1st Level Helpdesk Analyst 5055
2nd Level Desktop Support Analyst 5060
3rd Level Support Analyst 6065
Unix Administrator 6070
Network Administrator 6070
Helpdesk Manager 8595
Service Centre Manager 130160
Please note:
1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes.2. Market rates are becoming much less uniorm. While we have taken great care, these salary ranges can only be approximate
guides, as there are oten specifc circumstances relating to individual companies. Please call us or additional inormation.
SINGAPORE Technology
Technology salary tables
8/7/2019 2010-2011 Singapore Salary & Employment Forecast
22/22
CONTACT US
SINGAPORE
Rafes Place
80 Rafes Place
17-20 UOB Plaza 2
Singapore 048624
Tel+65 6533 2777
Fax +65 6533 7227
Email enquiries@michaelpage.com.sg
Jurong
8 Jurong Town Hall Road
24-01 The JTC Summit
Singapore 609434
Tel+65 6643 9700
Fax +65 6643 9701
Email enquiries@michaelpage.com.sg