SG SalaryReport 11thfeb2022
SG SalaryReport 11thfeb2022
SG SalaryReport 11thfeb2022
Singapore Edition
3
CONTENT Introduction Salary Report 2022 - Scope & Methodology 1-2
SALARY REPORT
2022
JobStreet Singapore
JobStreet Singapore is honoured to present the must-have
salary report of Singapore’s job landscape.
SALARY REPORT
2022
Who is it Intended For?
Companies who want to understand salary trends across
different specialisations and position levels, and to make
strategic decisions in acquiring and retaining talent.
How is it Derived?
Period of Analysis
The report compares salary data between Q1 - Q3 2021 and the same period last year,
Q1 - Q3 2020.
Data Analysis
This report uses median salary. Outliers or extreme values, as well as salary below the
country's minimum salary wages were excluded to ensure the accuracy of analysis and
insights.
Data Source
All salary data is extracted from salary requirements from JobStreet employer’s job ads
in the internal database.
Salary
Fact #1
Average Salary Growth Average Salary Growth
by Industry with positive by Specialisation with positive
salary change in 2021: salary change in 2021:
9.4 %
%
4.8 %
%
SALARY CHANGES IN
SINGAPORE 2021
Singapore has the most salary increases in job ads compared to Malaysia, Indonesia, Philippines,
Thailand, and Hong Kong.
Singapore has 41 industries with more than 40% increase in salary, ranking no. 1 among Malaysia,
Indonesia, Philippines, Thailand, and Hong Kong.
49.9 %
36.3 %
13.8 %
$ 350 (-13.5%)
Salary
Fact #2 The Communication Service industry experienced the highest
percentage decrease in median salary across all industries.
$ 400 (+11.1%)
Salary
Fact #3 Sciences had the highest median salary
growth amongst all specialisations.
Communication Service, Consumer Goods, Oil & Gas, and Science & Technology are also in the
regional list of job ads with pay cuts.*
Percentage of Job Ads with Salary Changes Percentage of Job Ads with Salary Changes
by Industry: Top 10 Pay Rises by Industry: Top 10 Pay Cuts
Transportation 54% 11% 35% Legal 39% 15% 47%
Repair & Maintenance 54% 14% 32% Oil & Gas 47% 12% 42%
Computer / IT 53% 12% 35% Public Service 51% 8% 41%
Manufacturing 52% 13% 35% Consumer Goods 51% 9% 40%
Telecommunication 52% 13% 35% Property & Real Estate 43% 18% 39%
Banking & Finance 51% 15% 34% Science & Technology 49% 12% 39%
Public Service 51% 8% 41% Communication Service 46% 16% 39%
Retail & Trade 51% 16% 33% Marketing & Advertising 47% 14% 38%
Consumer Goods 51% 9% 40% Electrical / Electronics 50% 13% 37%
Electrical / Electronics 50% 13% 37% Marine 47% 16% 37%
*Regional list consists of Singapore, Malaysia, Indonesia, Philippines, Thailand, and Hong Kong
All specialisations in the list of job ads with pay cuts are also in the regional version of the list
except for Building/Construction.*
Percentage of Job Ads with Salary Changes Percentage of Job Ads with Salary Changes
by Specialisation: Top 10 Pay Rises by Specialisation: Top 10 Pay Cuts
Computer / IT 55% 10% 35% Building / Construction 45% 16% 39%
Manufacaturing 53% 12% 35% Admin / Human Resources 51% 11% 38%
*Regional list consists of Singapore, Malaysia, Indonesia, Philippines, Thailand, and Hong Kong
TOP 10 SALARIES IN
SINGAPORE BY INDUSTRY
AND POSITION LEVEL
Banking / Finance, Consumer Goods, and Telecommunication are also in the top salary
growth list of the same categorisation.
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
HIGHLIGHTS: SME VS
CORPORATE SALARY
SME vs Corporate Salary Insights
Corporate
Computer / IT Computer / IT
SME
Marketing & Advertising (+8.3%, $250) Banking & Finance (+51.3%, $2,000)
Senior Managers in Education/Training of SMEs are paid 12% more than their counterparts in corporates.
Accounting / Finance 2,900 3,150 3,300 3,000 4,750 4,250 7,100 6,500 10,8000 9,500
Admin / Human
Resources 2,350 2,250 2,950 2,750 4,250 4,150 6,000 6,000 9,500 9,600
Arts / Media /
Communication 2,650 2,750 3,300 3,000 4,250 3,850 6,000 5,250 8,625 6,375
Building /
Construction 3,250 2,900 3,600 3,400 4,500 4,500 6,500 6,000 9,000 9,000
Computer / IT 3,200 3,150 4,400 4,200 5,950 6,000 7,350 7,250 10,750 10,000
Education / Training 2,500 2,750 3,200 2,900 4,250 3,750 5,400 5,000 7,500 8,400
Engineering 2,550 2,500 3,750 3,400 5,000 4,750 6,500 6,250 9,500 9,000
Healthcare 2,600 2,500 3,500 3,400 4,350 4,500 5,750 6,000 8,500 8,500
Hotel / Restaurant 2,050 2,160 2,500 2,600 3,150 3,150 3,950 3,600 6,500 6,500
Manufacturing 2,278 2,150 3,000 3,000 4,250 4,000 6,000 6,000 8,875 9,000
Sales / Marketing 2,850 3,000 3,250 3,150 4,250 4,000 6,000 5,5000 9,050 8,500
Sciences 2,500 2,475 4,000 3,250 5,250 4,800 6,500 6,500 8,000 8,750
Services 2,250 2,250 2,900 2,750 4,000 3,900 6,000 6,000 9,350 9,000
Salary
Fact #4 Computer/IT is the specialisation with the most number of job ads posted for 2 consecutive years.
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience Corporate SME
SALARY BREAKDOWN BY
INDUSTRY AND POSITION LEVEL
VIA RECRUITMENT FIRMS
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
SALARY BREAKDOWN BY
INDUSTRY AND POSITION LEVEL
VIA RECRUITMENT FIRMS
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
SALARY BREAKDOWN BY
INDUSTRY AND POSITION LEVEL
VIA RECRUITMENT FIRMS
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
(Meetings, incentives,
MICE conferencecs and exhibitions) 3,100 3,000 4,125 5,100
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
SALARY BREAKDOWN BY
SPECIALISATION AND POSITION
LEVEL VIA RECRUITMENT FIRMS
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
Salary
Fact #5
$950
$950 (+10.5%)
(+10.5%) $2,250
$2,250 (+25%)
(+25%)
Senior Managers had Telecommunication
the highest median Senior Managers had
salary growth across the highest median
all position levels salary growth across all
industries at the same
position level
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
Salary
Fact #6 Banking & Finance is the industry with the
most amount of job ads posted in 2021.
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
$5,250
Salary
Fact #7 Computer/IT is the specialisation with the highest
median salary across all position levels.
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
$ 400 (-9.1%)
Salary
Fact #8 Construction / Building had the highest percentage
of decrease in median salary across all specialisations.
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
SALARIES IN THE
TELECOMMUNICATION INDUSTRY BY
SPECIALISATION & POSITION LEVEL
Senior Executives specialising in Computer / IT are paid $6,250, highest among all industries,
their counterparts are paid the same in the Entertainment industry as well.
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
Job Level
Entry Level Junior Executive Senior Executive Manager Senior Manager
Specialisation
*Entry level: < 1 year of experience, Junior Executive: 1-4 years of experience
SUMMARY:
SALARY BREAKDOWN BY
INDUSTRY, SPECIALISATION,
AND POSITION LEVEL
Job market in Singapore recorded an Computer/IT maintained its position
overall salary growth, with the as the specialisation with the
Education and Telecommunication highest number of job ads posted,
industry leading the way with highest as well as being the highest paid.
year-on-year salary growth.
The Building/Construction
The Communication Service industry
specialisation appears to have the
experienced large salary declines.
highest salary decrements across
different position levels.
Work-Life Balance
Career Development
Opportunities
Job Security
To remain competitive in
Singapore’s growing tech market,
companies are encouraged to adapt
hybrid work models. Employers can
look beyond geographical and
physical limitations to build a
diverse workforce. Learn more by
visiting Decoding Global Talent
Series.
Source: JobStreet internal data and jobseeker and Employer Market Survey 2021 by a third-party research company