Salary Survey Guide Singapore 2024

Get the industry insider’s insight: Your 2024 salary guide for hiring and jobs in Singapore

Singapore's jobs market is constantly moving, and we have the inside knowledge. We don’t just help you keep up – we make sure you stay one step ahead with Singapore's most comprehensive, data-led salary benchmarking tool.

Our Salary guide is your definitive guide to what’s happening in your industry, and where it’s heading next. We arm you with the facts and analysis to take bold decisions, fine tune the next steps in your career search and outsmart your competition when it comes to talent attraction and retention.

We offer salary and market insights for permanent, contract and interim positions across Singapore in a variety of disciplines, see our expertise section below.

Salary insights, the power of knowledge

Informed by real-world market data, analysis and insights, our Salary Survey leaves no stone unturned to reveal your industry’s:

Trends to watch
In-demand skillsets
Salary expectations

We put the power in your hands with tools to drill down on the sectors, roles and stats that matter to you. So, whether you’re seeking global perspectives, national knowledge, or local intel – you’ll find it in our Salary Survey.

Our expectations for 2024

A general mood of caution and frugality has taken hold across many industries due to uncertain market conditions. As a result, we foresee that companies are more likely to ramp up hiring through contract positions. On the candidate side of the market, there may be a rise in ‘boomerang employees’ who seek out stability and familiarity by returning to their previous firms.

Candidate expectations have changed in recent years, with more talent looking out for flexible work arrangements and work-life balance. Competition for talent in sectors like tech remains fierce as there is a shortage of qualified and experienced candidates. Managers seeking to attract and retain top talent should thus be proactive and adaptable about addressing the evolving dynamics of the job market. Some of the areas that companies can focus on include employee benefits and well-being, strengthening their company culture through equity, diversity and inclusion (ED&I) initiatives, and reviewing compensation benefits to stay relative.

View the video below to find out more about the outlook of Singapore's labour market in 2024, or read the article here.

Explore comprehensive insights into the hiring landscape for South East Asia in 2024, with perspectives provided by Kimberlyn Lu, CEO of Robert Walters South East Asia. Access the full article available here .

Key Salary & Compensation insights in Singapore

SS Blocks

%

of businesses are giving pay rises in 2024

%

of professionals are looking for a new job in 2024

2.1 Years

Average tenure of professionals

%

of professionals are confident about job opportunities in this sector

%

of professionals are expecting a pay rise in 2024

Hiring Manager? Benchmark your teams salaries

If you’re growing your team or simply need to retain the talent you have, the Salary Survey gives you the insights you need to have the right team in place to keep your business moving forward.

Find out my team benchmark

Candidate? Find out your salary with an individual salary guide

Whether you’re looking for a new role or preparing for your end-of-year appraisal, the Salary Survey will arm you with everything you need to know to get what you deserve.

Find out my salary

Frequently Asked Questions

Why should I use a salary guide?

To find out what a reasonable salary is for the job and industry you are in or are thinking of moving into, use our guide to discover the average pay for someone with a similar level of experience as you and view your earning potential.
What are the benefits of using a salary benchmarking guide?

Whether you're due a pay rise, promotion, or bonus, our guide allows you to review accurate market salary and pay averages to see how you can compare to others in your sector. Having accurate data-led information will help identify exactly how much you should be earning so you can prepare to negotiate your pay in your next performance review.
When is the best time to negotiate my pay?

Pay reviews often take place during the annual and half-year employee performance review periods. Make sure you take this into consideration and time your negotiation right. If the annual pay review is in January, and you call the meeting for February, you're likely to have missed the boat. In such a case, November would be the most suitable time here.
What is the salary benchmarking process and why is it important?

Salary benchmarking is the process of comparing salaries across the market for a particular job and providing a range and average for a particular role which can help guide an employer's decision-making on pay or bonuses during appraisal period or when making a new hire. The benchmarking process is essential for assessing and comparing pay and compensation packages in relation to the market and of those provided by competitors. Pay and compensation benchmarking can also provide significant competitor advantage, through the retention and attraction of top talent and enhancing an organisations reputation.
How to do benchmarking?

In partnership with a data collection specialist, a benchmarking tool offers a fully comprehensive list of salary ranges and averages based on location, experience level and more. You can view the latest salary range and averages in our 2023 guide.
How should employers evaluate employee pay & compensation during performance reviews?

Salary and compensation reviews often take place during the annual and half-year employee performance reviews. In tangent with the employee performance scoring, you can use a salary benchmarking tool to inform the pay and compensation review process. The tool also gives good insight into market trends in-demand skill sets. So, use performance reviews to see where the employee fits relative to the external jobs market and avoid losing in-demand talent through effective pay and compensation strategies.

Bespoke salary benchmarking

Using a combination of our own data, publicly available insights and our recruitment experts, we build bespoke overviews of the salaries and benefits required to attract talent.

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