IT, accounting, sales and marketing, banking and finance, and healthcare and life sciences - these five sectors have some of the highest paying jobs in Singapore this year, according to the Kelly Singapore 2016 salary guide.
Technology heads are expected to command between S$13,000 to S$24,000 a month, partially attributed to the government's S$120 million budget for training of infocomm professionals.
CFOs are expected to take home in the range of S$10,000 to S$20,000 while general managers of sales & marketing at SMEs also have a positive outlook in the range of S$10,000 to S$18,000.
The following are expected to be the top 5 paying industries (monthly figures):
1. Information technology - Technology heads in the range of S$13,000 to S$24,000. Senior account directors for BD and program managers can expect to command salary ranges of S$12,000 to S$22,000 and S$11,000 to S$14,480 respectively.
2. Accounting - CFOs can earn in the range of S$10,000 to S$20,000, while accounts managers may look to command between S$5,000 to S$7,000.
3. Sales and marketing - The GM role at an SME is expected to bring in between S$10,000 to S$18,000. Digital marketers can expect to command a salary of S$6,000 to S$10,000.
4. Banking and finance - Vice president roles in compliance and risk functions are pegged between S$10,000 to S$17,000, while financial technology developers are in the range of S$7,500 and S$12,000.
5. Healthcare and life sciences - R&D directors can anticipate earning between S$8,000 to S$15,000, given that Singapore hosts Asia’s fastest growing bio-cluster.
Foo See Yang, VP and country GM of Kelly Services Singapore, commented: "Despite challenges in the global economy, bright spots remain in the financial technology, big data, as well as digital marketing sectors where demand for talent will continue to rise throughout 2016."
Salary guide for HR roles in 2016
Due to a tight labour market and companies being more cautious with hiring across all sectors, demand in HR has moved towards more specialist talent acquisition roles, with focus shifting from mid-senior to junior-mid level positions.
How much can HR managers expect to earn this year monthly? Here's the data.
- Regional OD manager (10-20 years of experience) - S$12,100-15,000
- HR business partner (8-15 years of experience) - S$6,700-10,800
- Senior / compensation executive (3-8 years of experience) - S$4,000-8,000
- HR manager (3-8 years of experience) - S$5,000-7,500
- Section leader, talent acquisition (3-8 years of experience) - S$3,800-7,500
- L&D supervisor / manager (8-15 years of experience) - S$5,500-7,000
- Payroll executive (3-5 years of experience) - S$2,800-4,000