SUBSCRIBE: Newsletter

Human Resources




Financial services firms in Singapore and Hong Kong to increase salaries by 4% in 2019

Human Resources magazine and the HR Bulletin daily email newsletter:
Asia's only regional HR print and digital media brand.
Register for your FREE subscription now »


Good news for workers in the financial services sector in Singapore and Hong Kong! Firms across the sector have planned salary increases of 4% in 2019 despite uncertainties, revealed a survey by Pretium Partners Asia (Pretium).

Analysing 67 international, regional and local investment banks, commercial banks, asset management and private equities firms with multiple offices in Asia, it also revealed firms in China are planning to increase salaries by 5.5%.

Apart from that, the survey projected that bonuses to be paid in 2019 will be worth five months of salaries, down from 7.8 months in 2018.

When it comes to headcount changes, 40% of the surveyed firms intend to expand headcount in 2019, mainly for fixed income, research and compliance.

Infographics / Pretium Partners Asia
Lead photo / 123RF

Don't miss the opportunity to shout about your successes in recruitment and talent acquisition - the Asia Recruitment Awards is
the only regional awards to celebrate the best in-house teams and recruitment solution providers.
Entries open until 8 February 2019! Enter your entries now »

Read More News