WAH! Salaries in finance and accounting will rise again! You
guys think of jumping ship?
Our economy really prospering!
It was mentioned that companies are forced to increase wages to
retain employees. Our PMEs really like to move around huh?
http://www.channelnewsasia.com/news/singapore/survey-finds-salaries-in/1107708.html
Survey finds
salaries in finance, accounting sectors in S’pore likely to
rise
SINGAPORE: Salaries for
finance and accounting professionals in Singapore are expected to
rise, with the tight labour market likely to force companies to
increase wages to attract and retain employees, said recruitment
firm Robert Half on Thursday in a press release.
55 per cent of companies in
Singapore plan to increase wages for professionals in their finance
and accounting department. Only 1 per cent of firms plan to cut
wages, while the remaining 43 per cent plan to maintain
salaries.
This is in contrast to the
other five markets surveyed.
The majority of companies in
China, Hong Kong, New Zealand, Australia and Brazil plan to
increase wages for finance and accounting employees, the survey
conducted by Robert Half found.
Ms Stella Tang, managing
director of Robert Half Singapore, said retaining experienced
finance and accounting professionals is a challenge as their skills
are in high demand.
"Much of the increase in
salaries in Singapore is driven by competition for the best staff.
Companies are confident in their growth prospects and are prepared
to pay more to attract or retain the top people they need," Ms Tang
said.
Finance and accounting
employees in Singapore also have a good chance of getting larger
bonuses, the survey found, with 37 per cent of local firms saying
they are likely to increase bonuses, while 59 per cent are paying
the same as last year.
The survey was conducted in 16
markets and covered 2,431 chief financial officers, including 150
from Singapore.
It was completed in January
this year.