8/8/2019 Singapore Salary Survey 2010

1/24

Country overview

Singapore experienced a turbulent year in 2009 with

many sectors dramatically aected by the globalnancial crisis. Banking and nancial services was

aected across all unctions and levels, with trading

activity particularly low at the start o the year. We saw

dramatic headcount reductions in structured products

and retrenchments prevalent within nance, product

control and operations traditionally strong areas within

the Singapore market. Consequently, the emphasis

on equities and commodities resulted in a shortage

o talent in these areas.Reported earnings began to grow in quarters three

and our, with greater condence returning to the

market. As many organisations continue to operate

with skeleton sta, we anticipate a move towards

headcount increases during 2010, particularly with

regards to experienced operations proessionals

with project and commodity backgrounds.

Across commerce and industry retrenchment andrepatriation o expatriates in oreign multinationals also

took place, particularly within nancial control. Local

sta were sometimes hired as replacements but moreoten than not, internal restructures were implemented

as a quick and eective way to reduce costs. Most

sectors within industry elt the eects o the nancial

crisis but those most aected by reduced consumer

demand included: automotive, semi conductors, aviation,

industrial, hospitality, travel and telecoms. Some areas

were more resilient and pharma/healthcare/FMCG/IT

and retail ared well through the economic crisis. Despite

the poor market conditions, some proessionals remainedin demand with talent shortages in sales, procurement,

tax, nancial planning & analysis and internal audit.

July to September saw an 8.8% increase in job adverts

placed in the Singapore market, refecting the growing

condence during the second part o the year. As

demand increases and candidates become more

condent about moving to a new role, retention strategies

and succession planning will be key. Those companies

proactively addressing these issues will secure the besttalent in the market.

SingaPore

8/8/2019 Singapore Salary Survey 2010

2/24

8/8/2019 Singapore Salary Survey 2010

3/24

8/8/2019 Singapore Salary Survey 2010

4/24

8/8/2019 Singapore Salary Survey 2010

5/24

8/8/2019 Singapore Salary Survey 2010

6/24

8/8/2019 Singapore Salary Survey 2010

7/24

8/8/2019 Singapore Salary Survey 2010

8/24

8/8/2019 Singapore Salary Survey 2010

9/24

8/8/2019 Singapore Salary Survey 2010

10/24

8/8/2019 Singapore Salary Survey 2010

11/24

8/8/2019 Singapore Salary Survey 2010

12/24

8/8/2019 Singapore Salary Survey 2010

13/24

8/8/2019 Singapore Salary Survey 2010

14/24

8/8/2019 Singapore Salary Survey 2010

15/24

8/8/2019 Singapore Salary Survey 2010

16/24

8/8/2019 Singapore Salary Survey 2010

17/24

8/8/2019 Singapore Salary Survey 2010

18/24

8/8/2019 Singapore Salary Survey 2010

19/24

8/8/2019 Singapore Salary Survey 2010

20/24

8/8/2019 Singapore Salary Survey 2010

21/24

8/8/2019 Singapore Salary Survey 2010

22/24

8/8/2019 Singapore Salary Survey 2010

23/24

8/8/2019 Singapore Salary Survey 2010

24/24