<20 1% 20-29 37% 30-39 37% 40-49 18% 50-59 6% 60+ 1% Source: Willis Towers Watson 2016 Workforce Analytics Report – Asia Pacific Source: Economist Corporate Network Report – January 2017; Willis Towers Watson 2016 Salary Budget Planning Report Q3 – Asia Pacific GDP 2.0% CPI 1.0% Salary Increase (Banking Industry) $ 3.0% Banking & Financial Services – Singapore 2017 Key Insights Future of work: The digital revolution is redefining the workplace. HR needs to stay agile to keep up with future business model changes. Technology and analytics: Data driven insights are a critical tool for identifying and solving workforce issues. Transparency: Employees want to know how their pay compares to others, and what the future holds for their career and earning potential. Personalisation: Employees are increasingly seen as consumers, requiring more personalised compensation and benefit options. Health and wellness: A healthy workforce is more engaged and productive. Investing in health and wellbeing programmes is essential. 1 2 3 4 5 Education level Economic Outlook Workforce Demographics – Asia Pacific 2017 HR Trends Unemployment 2.0% Employee distribution by age group Gender distribution 12% Post Graduate 52% Bachelor’s Degree 36% Secondary / Diploma Female Male 55% 45% wtwdataservices.com
Future of work: The digital revolution is redefining the workplace. HR needs to stay agile to keep up with future business model changes.
Technology and analytics: Datadriven insights are a critical tool for identifying and solving workforce issues.
Transparency: Employees want to know how their pay compares to others, and what the future holds for their career and earning potential.
Personalisation: Employees are increasingly seen as consumers, requiring more personalised compensation and benefit options.
Health and wellness: A healthy workforce is more engaged and productive. Investing in health and wellbeing programmes is essential.
1
2
3
4
5
Education level
Economic Outlook
Workforce Demographics – Asia Pacific
2017 HR Trends
Unemployment 2.0%
Employee distribution by age group
Gender distribution
12%Post Graduate
52%Bachelor’s Degree
36%Secondary / DiplomaFemale
Male55%
45%
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Banking & FS Survey At a glance
Banking & FS – Singapore Pay Levels and Progression (SGD)
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Starting salaries (SGD) by level of qualification
Benefits and HR Policies coverage – Singapore
66
28,517
854Incumbents
Jobs Reported
Participants
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