2020年薪酬观察:新加坡(英文版)
36页1、1Salary Watch 2020:Singapore2RGF Salary Watch:SingaporeAbout this Report RGFs Salary Watch:Singapore report has been conducted with the aim of better understanding the salary trends and data across all industries and job levels in Singapore.This report is based on an RGF-owned candidate pool covering more than 200,000 candidates(collected from February 2019 to February 2020)in our Singapore database.The definition of annual basic salary used throughout this report does not include allowance,stoc
2、k,bonus or any other additional benefits,and the salary exchange rate used is USD1=SGD1.35.Due to the real-time nature of some of this data,RGF encourages readers to use its insights at their discretion.3RGF Salary Watch:Singapore16Table of ContentsAbout the ReportTable of ContentsSingapore Overview Key Trends Job Market Trends Salary Data ReferencesAbout RGF 23 578 12 3435 4RGF Salary Watch:SingaporeOverview of Singapore5RGF Salary Watch:SingaporeEmbracing Digital TransformationLABOR MARKET SIZ
3、E2.3 MILLION1GDPUSD357.1 BILLION2PMI50.14FDIUSD77.65 BILLION3With a stable economy,an established presence as a regional business hub for multinational corporations,and a rising reputation as a tech and startup incubator,Singapore is well-known as a cosmopolitan locale with business-friendly policies.Though the economy was slow throughout 2019,Singapore was expected to experience slight growth in early 2020.However,with the outbreak of COVID-19,economic forecasts were downgraded in February as t
4、he nation prepared for a global slowdown in production5.Though some industries saw spikes in production due to shifts in global supply chain output6,as the pandemic persisted,the republic implemented a“circuit breaker”to slow the spread of the virus,mandating work-from-home measures during Q1 and Q2 for the majority of workers7,and requiring companies that hadnt already set up flexible working arrangements to do so quickly.Though a recession is expected8,the Singapore government has introduced s
5、upport packages to stabilize the economy and help businesses not only retain local employees,but provide wage increases9 under the Wage Credit Scheme10.Even so,the Monetary Authority of Singapore found that wage cuts and reduction of hours were common businesses decisions being made in the wake of the coronavirus pandemic11.Though hiring budgets and compensation packages will likely be revised based on reduced profits and revenue streams,talent with skills that suit fintech,ecommerce,digital mar
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