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SINGAPORE

2010/2011

SALARY &
EMPLOYMENT
FORECAST
SINGAPORE

Michael Page International


Salary & Employment Forecast 2010/2011

Contents
MICHAEL PAGE INTERNATIONAL 3
MARKET OVERVIEW 4
FINANCE 5
FINANCIAL SERVICES 7
HEALTHCARE & LIFE SCIENCES 9
HUMAN RESOURCES 11
PROCUREMENT & SUPPLY CHAIN 13
PROPERTY & CONSTRUCTION 15
SALES & MARKETING 17
TECHNOLOGY 19

Singapore Salary & Employment Forecast 2010/2011 Page 2


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Michael Page International


Michael Page International

Welcome to the 2010/2011 Michael The Salary & Employment Forecast


Page International Salary & Employment provides employers and employees with
Forecast for Singapore. useful insights into the hiring expectations,
recruitment challenges and salary
Michael Page International is a world- forecasts of key roles within each of our
leading specialist recruitment consultancy specialist areas for the coming year.
and we have built a cast-iron reputation
on our consultative approach. Since I wish to thank everyone who contributed to
opening our office in Singapore in 1996, this year’s Salary & Employment Forecast
we have expanded our reach across and trust you will find the new report helpful
several new industries and regions. and informative. We welcome your feedback
Our consistent organic growth strategy and encourage you to contact us for further Andrew Norton
and continued investment through information or market specific advice.
business cycles is driving our growth
in the specialist recruitment market in
Singapore. Our understanding of the Andrew Norton
markets, the businesses and individuals Managing Director, Singapore
within these markets enables us to
facilitate the perfect match between all
parties. Our clients, who range from
global multinationals to small and medium
sized firms trust us to source permanent,
contract, temporary and interim talent in:

• Finance
• Financial Services
• Healthcare & Life Sciences
• Human Resources
• Procurement & Supply Chain
• Property & Construction
• Sales & Marketing
• Technology

Singapore Salary & Employment Forecast 2010/2011 Page 3


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Market Overview
Market Overview

The white collar employment market in order to take advantage of opportunities technology. Private banking is a core
Singapore has rebounded strongly in for growth. This resulted in a sharp spike in growth market and many employers are
the aftermath of the global economic hiring activity during the first half of 2010. recruiting seasoned banking talent from
downturn. Jobs growth is occurring across overseas markets like the UK and Europe.
all professional occupation groups and the While this trend has continued into
employment outlook for 2011 is buoyant. the second half of the year, the rate of The labour market is tightening and staff
investment in new staff has moderated retention is becoming a major challenge for
Our annual employment survey, which with most of the critical hires for the employers. During the economic downturn,
this year includes responses from over year already completed. Companies companies retained their top front line
400 senior managers from Singapore’s remain cautious about their bottom lines performers and support staff with business
corporate sector, reveals 53% of employers and are hiring based on their staffing critical skills. Many of these employees were
anticipate an increase in staff numbers over requirements for the next six months, asked to cope with increased responsibility
the next 12 months. Some 41% believe their as opposed to the next two years. and work volumes, without a review of
staffing levels will remain stable, with only salary. Now that the employment market
6% saying a reduction in headcount is likely. Fortunately, this slight easing in hiring is recovering, these employees are less
activity is being offset by the entry of cautious about a career move and are
The initial phase of recovery began in new multinationals into the Singapore actively looking for their next opportunity.
the last quarter of 2009 and was driven market. Global companies are looking to
primarily by companies that were already Southeast Asia as a core growth market
established in Singapore. Many were given the ongoing uncertainties plaguing
operating with significantly reduced the US and European economies. Within
staff numbers as a consequence of Southeast Asia, Singapore is regarded as Salaries to increase in the next
the redundancies that occurred during a logical business hub with a well qualified 12 months
the downturn. As business conditions workforce and the required infrastructure
15%
improved, these employers increased to support international business activities.
headcount quickly from a very low base in Government tax incentives have further
encouraged multinationals to set up
regional headquarters in Singapore and
12% 73%
Predicted staff numbers for the next this is also having a positive effect.
12 months
The financial services, bio-pharmaceutical
6%
and semicon industries are experiencing
high levels of jobs growth and we
anticipate this will continue in 2011. In
financial services, more banks are setting Yes
53% up regional hubs in Singapore and this No
41%
is driving demand for professionals
Unsure
with specialist skills in compliance and

Increased
Average percentage salary increase
Decreased
Remained stable
1%

14%

32%

35%
Hiring focus by level of experience
12%

4%
12%
16%
2%

0% 5% 10% 15% 20% 25% 30% 35%


19% 15%

Key retention strategies over the next 12 months


38%
27%
Graduate
Training & development 9% 20%
Junior
Career development & planning 21%
Mid-level
32%
Senior
0% 5% 10% 15% 20% 25% 30% 35%
Executive

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Finance
Finance

Recruitment activity in the finance sector is We are also seeing increasing demand for
increasing as market conditions continue compliance professionals as businesses
to improve. Both local and multinational place more of an emphasis on corporate
companies are investing heavily in growth, governance and risk management.
with more than half of the companies
surveyed expecting an increase in staff As the popularity of Singapore as a financial
numbers over the next 12 months. hub grows, companies are expanding
their operations and establishing new
There is consistent demand for Financial offices and regional headquarters. This
Analysts with strong business partnering activity is expected to further increase
experience. Other niche skills in areas the demand for finance professionals
such as treasury and tax continue to be in 2011. Strong communication skills
highly sought after as companies aim to and excellent commercial awareness
better manage cash and foreign currency will be particularly sought after to help
risk, as well as comply with local tax companies support this growth.
regulations from other regions within Asia.

Predicted staff numbers for the next Salaries to increase in the next Likelihood of professional skills
12 months 12 months shortage over the next 12 months

5% 10%
9%

19%
52%
47%

39% 43%
76%

Increased Yes Yes


Decreased No No
Remained stable Unsure Unsure

Hiring focus by level of experience Average percentage salary increase

6% 1%

13% 23% 9%

33%

30%
7% 19%

6%
51%
2%

0% 5% 10% 15% 20% 25% 30% 35%


Graduate
Junior
Mid-level
Senior Key retention strategies over the next 12 months

Executive
30%

24%

17%

22% 29%

0% 5% 10% 15% 20% 25% 30%

Singapore Salary & Employment Forecast 2010/2011 Page 5


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Finance
Finance salary tables

GENERAL
Role 3 to 5 years 5 to 10 years 10 to 15 years More than 15 years
SG$’000 SG$’000 SG$’000 SG$’000
CFO/Finance Director (large organisation) 220–250 250–300 300–350 350+
CFO/Finance Director (small/medium organisation) 180–200 200–230 230–280 280+
Finance Director (shared services centre) 200–220 220–250 250+ –
Financial Controller (large organisation) 160–200 200–250 250+ –
Financial Controller (small/medium organisation) 130–150 150–180 180+ –
Financial Controller (shared services centre) 130–150 150–200 200+ –
Finance Manager (large organisation) 100–130 130–180 180+ –
Finance Manager (small/medium organisation) 70–90 90–120 120+ –
Finance Manager (shared services centre) 80–100 100–120 120+ –
Financial & Planning Analysis Manager 100–120 120–150 150–200 200+
Financial/Business Analyst 50–65 65–100 – –
Financial Accountant 45–60 60–100 – –
Group Accountant – Consolidation 50–65 65–100 – –
Costing Manager 80–100 100–150 – –
Cost Accountant 50–65 65–80 – –
Credit Director 130–150 150–180 180–220 220+
Credit Manager 80–100 100–130 130–150 –
Credit Analyst 45–60 60–90 – –
Accounts Payable Manager 60–70 70–90 – –
Accounts Payable Accountant 35–50 50–60 – –

SPECIALIST
Treasury Director 180–200 200–250 250+ –
Treasury Manager 100–120 120–180 180+ –
Treasury Analyst 55–70 70–100 – –
Tax Director 180–220 220–280 280+ –
Tax Manager 100–150 150–180 180+ –
Tax Analyst 55–75 75–100 – –
Corporate Finance Director 130–150 150–180 180–220 220+
Corporate Finance Manager 90–120 120–150 150+ –
Internal Audit Director 180–200 200–230 230–280 280+
Internal Audit Manager 120–150 150–200 200+ –
Internal Auditor 55–80 80–120 – –
Revenue Recognition 80–120 120–180 180–250 –
Pricing Manager 80–120 120–150 150+ –
Pricing Analyst 45–60 60–70 – –

PUBLIC ACCOUNTING (BIG 4)


Auditor 50–65 65–100 – –
Audit Manager 85–120 120–150 – –
Tax Associate 50–65 65–100 – –
Tax Manager 85–120 120–150 – –
Tax Director 150–180 180–220 220+ –

Please note:
1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes.
2. Market rates are becoming much less uniform. While we have taken great care, these salary ranges can only be approximate
guides, as there are often specific circumstances relating to individual companies. Please call us for additional information.

Singapore Salary & Employment Forecast 2010/2011 Page 6


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Financial Services
Financial Services

Recruitment activity in the financial The requirement for middle and senior The strong hiring activity in the sector
services industry has increased over management positions has returned to looks set to continue into 2011. If positive
the last 12 months, with more than half the finance sector, with rising demand market conditions continue, banks
of the companies surveyed reporting for product control and financial will persist with their expansion plans
an increase in hiring activity. planning and analysis professionals, and this will drive new jobs growth.
particularly at the Associate Vice
Teams are expanding within the President/Vice President levels.
infrastructure divisions as Singapore
continues to establish itself as an Hiring in front office areas has varied by
operational hub. Strong demand is being institution. There has been an overall
seen for client onboarding, reference increase in demand for professionals in the
data and project roles. Recruitment in the equities markets, as well as for Relationship
risk and compliance area has also been Managers, as banks look to generate
positive at all levels. Local candidates with revenue and expand their existing customer
established relationships with regulatory base. We are also seeing a strong focus on
authorities are particularly sought after. transaction banking, cash, trade, structured
trade and commodity financing roles.

Predicted staff numbers for the next Salaries to increase in the next Likelihood of professional skills
12 months 12 months shortage over the next 12 months

14%
18%
6%

41%
60%
11%

71%
34%
45%

Increased Yes Yes


Decreased No No
Remained stable Unsure Unsure

Hiring focus by level of experience Average percentage salary increase

3%
18%
25% 18%

24%

11% 26%

19%

7%
21%
3%
25%
0% 5% 10% 15% 20% 25% 30%
Graduate
Junior
Mid-level
Senior Key retention strategies over the next 12 months

Executive
19%

15%

28%

38%

0% 5% 10% 15% 20% 25% 30% 35% 40%

Singapore Salary & Employment Forecast 2010/2011 Page 7


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Financial Services
Financial Services salary tables

FINANCE
Role Associate Associate Vice President Vice President Director/MD
SG$’000 SG$’000 SG$’000 SG$’000
CENTRAL FINANCE
Financial Reporting 60–95 85–130 160–250 260+
Tax Accountant 60–95 85–130 160–250 260+
Management Reporting 60–95 85–130 160–250 260+
Costing Controls/Analytics 60–95 85–130 160–250 260+
VALUATIONS
Quantitative 60–95 85–130 180–250 260+
Price Testing 60–95 85–130 180–250 260+
FINANCE PROJECTS
Business Analyst 60–95 85–130 160–250 260+
PRODUCT CONTROL
Cash 60–95 95–130 160–250 260+
Equities & Finance 60–95 95–130 160–250 260+
Commodities & Derivatives 60–95 95–130 160–250 260+

AUDIT, COMPLIANCE & RISK


AUDIT
Internal Audit 60–90 90–145 175–240 250+
IT Audit 60–90 90–145 175–240 250+
COMPLIANCE
AML (Audit Money Laundering) 60–80 80–145 145–240 250+
TTM (Transaction Trend Monetising) 60–90 90–145 175–240 250+
MAS Compliance 60–80 90–120 130–240 250+
RISK
Market Risk 60–90 100–120 120–250 250+
Credit Risk 60–90 100–120 120–250 250+
Operational Risk 60–90 85–130 170–240 250+

OPERATIONS
OPERATIONS
Project Management 60–85 85–140 140–230 220+
MIDDLE OFFICE
Client Servicing 50–80 80–120 120–200 200+
BACK OFFICE
Settlement 45–65 65–120 130–200 200+
Corporate Actions 45–65 65–120 130–200 200+
Reconciliation 45–65 65–120 130–200 200+
Documentation 45–80 80–120 130–200 200+
Collateral Management 45–75 75–120 130–180 190+
Fund Administration 45–75 75–120 130–180 190+

FRONT OFFICE
INVESTMENT BANKING
Private Equity 100–150 150–190 190–250 250+
Investment Banking 100–150 150–190 190–250 250+
Debt Capital Markets 60–140 110–160 160–220 220+
Equity Capital Markets 60–140 130–160 160–220 220+
CORPORATE/INSTITUTIONAL BANKING
Corporate Banking RM 40–90 90–130 130–180 180+
Credit 30–80 80–110 110–140 140+
FUND MANAGEMENT
Portfolio Managers 60–100 100–140 140–200 200+
Research 60–100 100–150 150–200 200+
Institutional Sales & Marketing 45–110 110–140 140–170 170+

Please note:
1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes.
2. Market rates are becoming much less uniform. While we have taken great care, these salary ranges can only be approximate
guides, as there are often specific circumstances relating to individual companies. Please call us for additional information.

Singapore Salary & Employment Forecast 2010/2011 Page 8


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Healthcare & Life Sciences


Healthcare & Life Sciences

Singapore continues to establish itself as are also in high demand as more major
a prime location for pharmaceutical and Contract Research Organisations (CROs)
biomedical operations. A growing number choose to invest in the country.
of multinational companies are looking
towards Singapore as a regional hub for Many large scale pharmaceutical mergers
their research and development activity, took place in early 2010, which caused most
with significant investment from new manufacturing operations to implement
multinationals being seen throughout 2010. hiring freezes throughout the post-merger
The Singapore Government continues to consolidation period. These restrictions are
invest in the Science Park and Biopolis now starting to lift as a growing number of
to help meet this increasing demand. companies shift their focus to expansion.

With the primary focus on ‘high-tech’ Hiring activity will increase strongly
manufacturing, the biologics industry is over the next 12 months, with major
suffering a skills shortage for technical investment in research and development
roles, particularly at the senior level. Clinical activities also expected to continue.
operations and clinical quality professionals

Predicted staff numbers for the next Salaries to increase in the next Likelihood of professional skills
12 months 12 months shortage over the next 12 months

3%
22%
25%

35%

53% 64%
44%
11%
43%

Increased Yes Yes


Decreased No No
Remained stable Unsure Unsure

Hiring focus by level of experience Average percentage salary increase

11% 14% 2%

20%

14% 29%

19% 32%

8%

4%

5%
42%
0% 5% 10% 15% 20% 25% 30% 35%
Graduate
Junior
Mid-level
Senior Key retention strategies over the next 12 months
Executive
14%

9% 21%

33%

32%

0% 5% 10% 15% 20% 25% 30% 35%

Singapore Salary & Employment Forecast 2010/2011 Page 9


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Healthcare & Life Sciences


Healthcare & Life Sciences salary tables

CLINICAL RESEARCH
Role 3 to 5 years 5 to 10 years 10 to 15 years More than 15 years
SG$’000 SG$’000 SG$’000 SG$’000
Medical Affairs 110–130 120–180 180–250 300+
Clinical Operations 50–70 70–90 100–120 150+
Drug Safety/Pharmacovigilence 45–55 55–80 90–150 –
Data Management 45–70 – – –
BioStatistician 50–80 80–100 – –
SAS Programmer 50–80 80–100 – –

RESEARCH & DEVELOPMENT


Scientists (PhDs) 60–80 90–120 120–180 200+
Scientists (non–PhDs) 45–70 80–100 120–140 –

OPERATIONS
Manufacturing 50–70 70–90 100–160 200+
Process Engineering 60–80 90–120 120–150 180+
Mechanical Engineering 60–80 90–120 120–150 180+
Electrical Engineering 60–80 90–120 120–150 180+
Controls/Automation 60–80 90–120 120–150 180+
EHS 60–80 90–120 120–150 180+
Validation 60–80 90–120 120–150 180+

QUALITY & COMPLIANCE


Regulatory Affairs 60–80 90–120 120–150 200+
Quality Assurance (GMP) 60–80 90–120 120–150 200+
Quality Control 45–70 80–120 120–140 –
Microbiology 45–70 80–120 120–140 –

COMMERCIAL
General Manager 120–150 150–200 200–250 300+
Sales/Medical Representative 50–80 90–120 – –
Sales Manager 80–100 100–140 120–150 –
Sales Director 100–120 120–180 150–200 200+
Product Manager 60–80 80–110 100–130 –
Senior/Group Product Manager 80–100 100–120 110–150 –
Marketing Manager 100–120 100–150 120–150 150+
Marketing Director 120+ 150–180 180–220 220+

Please note:
1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes.
2. Market rates are becoming much less uniform. While we have taken great care, these salary ranges can only be approximate
guides, as there are often specific circumstances relating to individual companies. Please call us for additional information.

Singapore Salary & Employment Forecast 2010/2011 Page 10


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Human Resources
Human Resources

In an effort to support business growth, efficiencies. Bilingual language skills are with experience in the areas of talent
an increasing number of companies are very highly regarded, particularly English, management and operational development.
looking for the traditional HR function Korean, Japanese and Mandarin.
to have more of a strategic focus. As Professionals in the local market with
companies plan their hiring strategies for As more companies expand to position skills in the area of compensation
the year ahead, highly experienced Talent themselves for growth in 2011, the strong and benefits are a particular sourcing
Managers are becoming particularly sought hiring activity at senior levels is expected to challenge for employers. Employees
after to help implement talent acquisition filter downwards to middle to junior levels. A that offer a blend of both operational
and succession planning strategies. steady volume of recruitment for generalist consultancy and commercial experience
HR roles is also expected as more new in rewards and recognition programmes
Demand is also increasing for professionals companies set up operations in Singapore. will therefore be highly sought after.
with experience in setting up Shared
Services operations in Singapore. If the economy continues to strengthen over
Companies are looking for professionals the next 12 months, companies will continue
with an understanding of different cultures to increase their focus on the retention of
as well as the knowledge to recommend top performers. More employers will be
and support organisational structural looking to employ talented HR professionals

Predicted staff numbers for the next Salaries to increase in the next Likelihood of professional skills
12 months 12 months shortage over the next 12 months

13%
3% 23%

6%

46%
58%
39%
81%
31%

Increased Yes Yes


Decreased No No
Remained stable Unsure Unsure

Hiring focus by level of experience Average percentage salary increase

15% 9% 2%

14%
17%
38%

19% 34%

8%

2%

2%
40%
0% 5% 10% 15% 20% 25% 30% 35% 40%
Graduate
Junior
Mid-level
Senior Key retention strategies over the next 12 months

Executive
24%

9% 20% 26%

17%

33%

0% 5% 10% 15% 20% 25% 30% 35%

Singapore Salary & Employment Forecast 2010/2011 Page 11


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Human Resources
Human Resources salary tables

BANKING & FINANCE


Role 3 to 5 years 5 to 10 years 10 to 15 years More than 15 years
SG$’000 SG$’000 SG$’000 SG$’000
Head of Human Resources – – 250+ 300+
HR Generalist/Business Partner 55–110 110–200 200+ –
Compensation and Benefits Specialist 60–110 110–200 200+ 250+
Learning and Development Specialist 50–100 100–180 180+ 220+
Recruitment Specialist 50–100 100–180 180+ 220+
Organisational Development 60–110 110–200 200+ 250+
HRIS Specialist 50–90 90–160 160+ 180+
Payroll Specialist 40–70 70–100 100+ 100+
Mobility Specialist 50–70 70–150 150+ 160+

COMMERCE & INDUSTRY


Head of Human Resources – – 250+ 300+
HR Generalist/Business Partner 50–100 100–180 180+ –
Compensation and Benefits Specialist 50–110 110–200 200+ 220+
Learning and Development Specialist 50–90 90–150 150+ 200+
Recruitment Specialist 50–90 90–150 150+ 200+
Organisational Development 50–90 90–180 180+ 250+
HRIS Specialist 50–90 90–130 130+ 180+
Payroll Specialist 40–80 80–100 100+ 100+
Mobility Specialist 50–90 90–140 140+ 160+

Please note:
1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes.
2. Market rates are becoming much less uniform. While we have taken great care, these salary ranges can only be approximate
guides, as there are often specific circumstances relating to individual companies. Please call us for additional information.

Singapore Salary & Employment Forecast 2010/2011 Page 12


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Procurement & Supply Chain


Procurement & Supply Chain

The requirement for highly skilled As more companies transfer their global
procurement and supply chain supply chain functions to Singapore, hiring
professionals increased steadily throughout activity is expected to increase steadily
2010 in line with rising global consumer throughout 2011. Of the companies
demand. Experienced professionals surveyed for this report, over 50% intend
in the areas of strategic procurement to increase employee numbers during
and demand planning are particularly this period. Competition is also expected
sought after as more companies focus on to increase for talented professionals
developing efficiencies in their operations at both local and offshore levels. More
and implementing cost control measures. overseas professionals are expected
to move to Singapore in 2011 on local
With economic conditions improving packages for the fast career growth
across Asia, particular demand is also opportunities available in the Asia region.
being seen for talented professionals
in the electronics and FMCG areas, as
well as in the 3PL and energy markets.

Predicted staff numbers for the next Salaries to increase in the next Likelihood of professional skills
12 months 12 months shortage over the next 12 months

9% 12% 10%

9%
42%
53%
38%
48%
79%

Increased Yes Yes


Decreased No No
Remained stable Unsure Unsure

Hiring focus by level of experience Average percentage salary increase

2%
18% 1%

19%
27%
38%

26%

6%

32% 7%

3%
21%

Graduate 0% 5% 10% 15% 20% 25% 30% 35% 40%

Junior
Mid-level
Key retention strategies over the next 12 months
Senior
Executive
16%

26%

36%

22%

0% 5% 10% 15% 20% 25% 30% 35% 40%

Singapore Salary & Employment Forecast 2010/2011 Page 13


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Procurement & Supply Chain


Procurement & Supply Chain salary tables

OIL & GAS/PHARMACEUTICALS


Role 3 to 5 years 5 to 10 years 10 to 15 years
SG$’000 SG$’000 SG$’000
Direct 40–80 95–140 140–180
Indirect 50–90 100–150 160–220
Supply Chain 40–80 90–140 150–190
Planning 50–80 95–140 140–180
Distribution/Warehousing 40–70 80–130 150–180
LEAN/Six Sigma 50–80 100–140 160–200
Quality 40–70 80–110 120–160
Logistics/3PL 30–60 70–100 90–130

FMCG/RETAIL
Direct 30–70 80–120 130–170
Indirect 40–80 90–140 160–200
Supply Chain 30–70 80–120 140–180
Planning 30–70 80–120 140–180
Distribution/Warehousing 30–60 70–120 130–160
LEAN/Six Sigma 50–80 100–130 150–180
Quality 30–70 80–110 120–160
Logistics/3PL 30–60 70–90 100–150

TECHNOLOGY
Direct 30–50 60–100 120–160
Indirect 40–80 90–140 150–180
Supply Chain 30–70 80–120 120–160
Planning 30–70 80–120 120–160
Distribution/Warehousing 30–60 70–120 120–150
LEAN/Six Sigma 50–80 100–130 150–180
Quality 30–70 80–110 120–160
Logistics/3PL 30–60 70–90 100–150

FINANCIAL SERVICES
Procurement/Strategic Sourcing 50–90 100–150 160–220

Please note:
1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes.
2. Market rates are becoming much less uniform. While we have taken great care, these salary ranges can only be approximate
guides, as there are often specific circumstances relating to individual companies. Please call us for additional information.

Singapore Salary & Employment Forecast 2010/2011 Page 14


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Property & Construction


Property & Construction

The property market in Singapore and the positive hiring activity experienced
the wider South East Asia region began throughout 2010 will continue. Some 46%
a steady recovery in 2010 and is now of respondents surveyed predict that a
looking for increased investment to help professional skills shortage will be an issue
sustain growth. As the property fund for their business over the coming year.
market improves, demand will continue
for professionals with solid investment In 2011, most property and construction
and transaction related experience. businesses will be focusing their initial
Leasing and development roles are also recruitment on junior and middle
increasingly required as the property management roles. Employers are likely
development market continues to grow. to invest in their management capability
first before the demand for director level
During the global economic downturn, roles increases again. Professionals
employment opportunities in the property with specialist or in-demand skill sets
and construction sectors significantly are the most likely to benefit from
decreased. If the economy continues the increasing scope of employment
to strengthen over the next 12 months, opportunities moving into 2011.

Predicted staff numbers for the next Salaries to increase in the next Likelihood of professional skills
12 months 12 months shortage over the next 12 months

8%
23%
29%

54% 46%
62%
38%

9%
31%

Increased Yes Yes


Decreased No No
Remained stable Unsure Unsure

Hiring focus by level of experience Average percentage salary increase

4% 2%
9% 21%
19%

6%

41%

25%

23% 4%
43%
3%

0% 10% 20% 30% 40% 50%


Graduate
Junior
Mid-level
Senior Key retention strategies over the next 12 months

Executive
38%

15%

27%

20%

0% 5% 10% 15% 20% 25% 30% 35% 40%

Singapore Salary & Employment Forecast 2010/2011 Page 15


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Property & Construction


Property & Construction salary tables

CORPORATE REAL ESTATE


Role 3 to 5 years 5 to 10 years 10 to 15 years More than 15 years
SG$’000 SG$’000 SG$’000 SG$’000
Property Management 55–80 80–105 110–140 150+
Leasing & Transaction Management 60–80 80–110 120–180 220+
Facilities Management & Corporate Services 50–60 60–90 110–140 180+
Environment Health & Safety 55–80 75–100 100–120 140+
Security & BCP 60–80 80–110 105–130 150+

PROJECTS
Project Development 90–110 130–180 180–240 250+
Construction & Project Management 70–90 90–120 140–180 220+
Office Fit-Out 60–80 80–100 120–160 200+
Design Management 50–75 80–105 130–180 230+

REAL ESTATE INVESTMENTS


Analyst Associate Vice Presidents SVP/Director
Asset Management 50–70 65–90 120–160 200+
Investment Management 50–70 65–90 140–200 220+
Portfolio Management 50–70 65–90 120–160 220+

Please note:
1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes.
2. Market rates are becoming much less uniform. While we have taken great care, these salary ranges can only be approximate
guides, as there are often specific circumstances relating to individual companies. Please call us for additional information.

Singapore Salary & Employment Forecast 2010/2011 Page 16


SINGAPORE

Sales & Marketing


Sales & Marketing

Throughout 2010, high demand has been for Marketing Specialists and Marketing Companies that have strengthened
seen for sales professionals in revenue Managers. Whilst many companies their sales teams in 2010 will be looking
generating roles such as Business are seeking professionals with brand to sustain this growth and are likely to
Development Managers and local and management and product management continue their recruitment campaigns
regional Sales Managers. Professionals backgrounds, there is also an increasing at a steadier pace next year.
with the ability to deliver immediate sales demand for professionals with retail insight
results have been particularly sought after and customer marketing experience. If the domestic and global economies
across all levels and industry sectors. continue to strengthen over the next
Recruitment activity in the sales and 12 months, sectors such as Oil & Gas
The level of hiring activity for marketing marketing sectors traditionally slows down and IT & T, which were more cautious
professionals grew steadily throughout towards the end of the year. Companies toward hiring in 2010, are likely to take
early 2010, with a sharper increase in will be using this period to assess the the lead in the market in 2011.
demand occurring in the second half of economic recovery and will most likely
the year. The strong recruitment activity begin hiring again in the New Year.
is a positive sign that companies are
expanding their back office functions The employment outlook is positive for both
to help support and sustain business sales and marketing professionals in 2011.
growth. Particular demand is being seen

Predicted staff numbers for the next Salaries to increase in the next Likelihood of professional skills
12 months 12 months shortage over the next 12 months

4% 17%
32% 31%

57%
57%
39%

11% 52%

Increased Yes Yes


Decreased No No
Remained stable Unsure Unsure

Hiring focus by level of experience Average percentage salary increase

5% 6% 2%

13%
23%
27% 25%

41%

10%

5%

4%
39%
0% 10% 20% 30% 40% 50%
Graduate
Junior
Mid-level
Senior Key retention strategies over the next 12 months

Executive
36%

14%

11%

39%

0% 5% 10% 15% 20% 25% 30% 35% 40%

Singapore Salary & Employment Forecast 2010/2011 Page 17


SINGAPORE

Sales & Marketing


Sales & Marketing salary tables

CONSUMER PRODUCTS
Role 3 to 5 years 5 to 10 years 10 to 15 years More than 15 years
SG$’000 SG$’000 SG$’000 SG$’000
Sales Director/ Regional Director –­­­ – 220–280 250+
General Manager – 150–250 250–350 350+
Sales/Key Account Manager 60–90 80–150 150+ –
Marketing Director – 150–220 220–300 280+
Marketing Manager 80–110 100–150 140+ –
Brand Manager 60–90 90–130 – –
Product Manager 60–90 80–130 – –
Marketing Communications Manager 60–90 80–130 120–200 180+
Visual Merchandiser 50–80 80–130 120+ –

HEALTHCARE
Sales/Medical Representative 40–60 – – –
Sales Manager 60–80 100–150 150+ –
Sales Director – 130–180 160–200 200+
Product Manager 60–80 80–110 100–130 –
Marketing Manager 60–90 100–150 120–170 170+
Marketing Director – – 180–220 220+
General Manager – 120–180 180–300 300+
Business Unit Director – – 200–300 300+

TECHNOLOGY
General Manager – – 220–290 300+
Sales/BD Director – – 150–220 220+
Account Manager 70–90 90–130 130–180 –
Channel Sales/Direct Sales Manager 60–80 80–120 120+ –
Marketing Director N/A 120–150 150–220 220+
Marketing Manager 90–120 120–150 150–200 –
Communications Manager 80–100 100–140 140–180 190+
Direct Marketing Manager 80–100 100–130 130+ –
Product Manager 70–100 100–130 130+ –

BUSINESS SERVICES
Head of Marketing Communications – – 200–260 260+
Marketing Director – – 160–200 220+
Marketing Manager 90–130 130–160 – –
Public Relations Manager – 120–150 150–180 190+
Corporate Affairs/Communications 90–120 120–160 160–200 200+
Media Relations 70–100 100–140 140+ –

Please note:
1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes.
2. Market rates are becoming much less uniform. While we have taken great care, these salary ranges can only be approximate
guides, as there are often specific circumstances relating to individual companies. Please call us for additional information.

Singapore Salary & Employment Forecast 2010/2011 Page 18


SINGAPORE

Technology
Technology

Hiring activity in the technology sector looking to re-establish this capacity If the global economy continues to
strengthened in 2010. Major banking following the difficult conditions of the global strengthen over the next 12 months,
institutions in Singapore are beginning to financial crisis, where many operational the Singapore market will continue to
expand and re-invest in their client facing, management roles were the first to be see increased levels of hiring activity.
commercial and business improvement affected by cost cutting measures. Multinationals will further expand their
projects, which is driving strong demand head office operations in Singapore and
for Project Managers. IT professionals The demand for IT professionals within the this will drive demand for IT professionals.
with exposure to high budget programme healthcare, pharmaceutical and clinical
management and a successful track record research sectors is rapidly increasing
of delivery are also highly sought after in the throughout the Asia Pacific region. This is
banking and financial services industry. primarily due to US corporations expanding
their Asia Pacific operations into emerging
An increasing number of companies markets such as China and India and using
in the commerce sector are seeking to Singapore as a skilled hub for most back
hire highly skilled infrastructure-based office operations. Demand in this area is
Operations Managers. Employers are expected to continue throughout 2011.

Predicted staff numbers for the next Salaries to increase in the next Likelihood of professional skills
12 months 12 months shortage over the next 12 months

2%
21%
30%

55% 51%
43%
57%
22%

19%

Increased Yes Yes


Decreased No No
Remained stable Unsure Unsure

Hiring focus by level of experience Average percentage salary increase

2% 2%
13%
15%

33%
32%
10%

32%

5%
37%
3%
16%
0% 5% 10% 15% 20% 25% 30% 35%
Graduate
Junior
Mid-level
Senior Key retention strategies over the next 12 months

Executive
17%

26%

16%

22% 41%

0% 10% 20% 30% 40% 50%

Singapore Salary & Employment Forecast 2010/2011 Page 19


SINGAPORE

Technology
Technology salary tables

BANKING AND FINANCIAL SERVICES


Role 3 to 5 years 5 to 10 years 10 to 15 years More than 15 years
SG$’000 SG$'000 SG$'000 SG$'000
DEVELOPMENT, DESIGN & ARCHITECTURE
Analyst Programmer 45–55 55–65 – –
Lead Analyst Programmer – 70–80 – –
Architect – Applications, Solutions, Systems, Data – 125–135 – –
Enterprise Architect – – 125–135 –
Application Development Manager – – 135–145 –
TESTING
Test Analyst 45–55 55–65 – –
Team Lead - Testing – 65–90 – –
Test Manager – – 115–130 –
DATABASE MANAGEMENT
Database Administrator 45–55 55–65 – –
Senior Database Administrator/Data Analyst – 70–80 – –
Data Warehousing/Modelling Specialist – 90–110 – –
Data Architect – – 120–140 –
INFRASTRUCTURE/NETWORK
Network Support – 1st/2nd Level 50–55 55–60 – –
Network Engineer – 80–90 – –
Network Architect – 100–140 – –
Security Analyst/Consultant 55–65 70– 80 – –
Security Manager – – 120–140 –
Infrastructure Manager – – 130–145 –
Senior Infrastructure Manager – – – 160–175
PROJECT & GENERAL MANAGEMENT
Project Co-ordinator 50–85 – – –
Project Manager – 120–150 – –
Senior Project Manager – – 140–170 –
Project Director – – – 200–250
Business Analyst 75–100 – – –
Senior Business Analyst – 90–110 – –
IT Manager – 130–150 150–170 –
IT Director – – – 225–275
Chief Information Officer – – – 300–400
SUPPORT/ADMINISTRATION
1st Level Helpdesk Analyst 50–55 – – –
2nd Level Desktop Support Analyst 50–60 – – –
3rd Level Support Analyst – 60–65 – –
Unix Administrator 60–70 – – –
Network Administrator 60–70 – – –
Helpdesk Manager – 85–95 – –
Service Centre Manager – – 130–160 –

Please note:
1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes.
2. Market rates are becoming much less uniform. While we have taken great care, these salary ranges can only be approximate
guides, as there are often specific circumstances relating to individual companies. Please call us for additional information.

Singapore Salary & Employment Forecast 2010/2011 Page 20


SINGAPORE

Technology
Technology salary tables

COMMERCE
Role 3 to 5 years 5 to 10 years 10 to 15 years More than 15 years
SG$’000 SG$'000 SG$'000 SG$'000
DEVELOPMENT, DESIGN & ARCHITECTURE
Analyst Programmer 40–50 50–60 – –
Lead Analyst Programmer – 65–75 – –
Architect – Applications, Solutions, Systems, Data – 120–130 – –
Enterprise Architect – – 120–130 –
Application Development Manager – – 130–140 –
TESTING
Test Analyst 40–50 50–60 – –
Team Lead - Testing – 60–85 – –
Test Manager – – 110–125 –
DATABASE MANAGEMENT
Database Administrator 40–50 50–60 – –
Senior Database Administrator/Data Analyst – 65–75 – –
Data Warehousing/Modelling Specialist – 85–100 – –
Data Architect – – 110–130 –
INFRASTRUCTURE/NETWORK
Network Support – 1st/2nd Level 45–50 50–60 – –
Network Engineer – 75–85 – –
Network Architect – 100–140 – –
Security Analyst/Consultant 50–60 65–75 – –
Security Manager – – 100–130 –
Infrastructure Manager – – 120–140 –
Senior Infrastructure Manager – – – 160–175
PROJECT & GENERAL MANAGEMENT
Project Co-ordinator 50–70 – – –
Project Manager – 120–150 – –
Senior Project Manager – – 140–170 –
Project Director – – – 200–225
Business Analyst 75–100 – – –
Senior Business Analyst – 90–110 – –
IT Manager – 120–140 140–165 –
IT Director – – – 200–250
Chief Information Officer – – – 275–350
SUPPORT/ADMINISTRATION
1st Level Helpdesk Analyst 50–55 – – –
2nd Level Desktop Support Analyst 50–60 – – –
3rd Level Support Analyst – 60–65 – –
Unix Administrator 60–70 – – –
Network Administrator 60–70 – – –
Helpdesk Manager – 85–95 – –
Service Centre Manager – – 130–160 –

Please note:
1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes.
2. Market rates are becoming much less uniform. While we have taken great care, these salary ranges can only be approximate
guides, as there are often specific circumstances relating to individual companies. Please call us for additional information.

Singapore Salary & Employment Forecast 2010/2011 Page 21


SINGAPORE

CONTACT US
Raffles Place Jurong
80 Raffles Place 8 Jurong Town Hall Road
17-20 UOB Plaza 2 24-01 The JTC Summit
Singapore 048624 Singapore 609434
Tel +65 6533 2777 Tel +65 6643 9700
Fax +65 6533 7227 Fax +65 6643 9701
Email enquiries@michaelpage.com.sg Email enquiries@michaelpage.com.sg