Home News SG Economy Cash salaries for expats in Singapore remain the fifth highest globally: ECA...

Cash salaries for expats in Singapore remain the fifth highest globally: ECA International

On the whole, though Singapore spent less to employ expatriate middle managers last year, it still needed to ensure that expatriates who are in demand in sectors like technology are attracted by remuneration packages.

- Advertisement -

Singapore — Cash salaries for expatriates in Singapore remain the fifth highest globally, shows a survey published by data and knowledge provider ECA International on Wednesday (Aug 25).

Being the 17th most expensive location globally for companies to send expatriates to, the average pay package for a mid-level expatriate here last year was S$305,400 (US$225,171). This figure was higher in 2020, at about S$314,579 (US$232,471).

According to an ST Online report, human resource advisory firm PeopleWorldwide Consulting’s managing director, Mr David Leong, noted that while basic salary would typically remain at about the same level, housing allowances and support for children’s education has been reduced in the past year.

“Overall pay packages for current expats see little contraction since they are subject to the Ministry of Manpower’s qualifications and if the package is reduced, it may affect their renewal chances,” he said.

- Advertisement 1-

On the whole, though Singapore spent less to employ expatriate middle managers last year, it still needed to ensure that expatriates who are in demand in sectors like technology are attracted by remuneration packages.

Mr Lee Quane, ECA’s regional director for Asia said: “Combined with its ranking as the location with the best quality of living globally (according to ECA’s location ratings), these trends serve to increase Singapore’s attractiveness to expatriates looking to move to the region”.

“The Republic will also be appealing to companies looking to set up a regional hub, given the cheaper cost of hiring expatriates”, he added.

Singaporeans indicated that even though there was a reduction in the salary packages of expats’, many felt that this would likely not mean much in terms of lifestyle for them.

Others also questioned why more locals were not hired in place of expats.

- Advertisement 2-

/TISG

 Follow us on Social Media

Send in your scoops to news@theindependent.sg 

- Advertisement -

Read More

Netizen says they’ve always been embarrassed by the Singaporean accent and Singaporean English

Singapore — A netizen embarrassed by their Singaporean accent and Singaporean English wanted to find out what foreigners thought about our accent and the way we spoke English. In an anonymous post to popular confessions page NUSWhispers on Tuesday (Jan...

Single mum keen to earn side income, loses nearly $50,000 to ‘Gucci’ scammers

Singapore – News of the surge of phishing scams involving  OCBC Bank has made many other bank customers come forward with their own stories...

Want Fast Cash? Tap Into Your Endowment Policy

Endowment insurance provides protection coverage as well as investment returns to help you save towards a specific financial goal in the future, such as...

Where & how you’re most likely catch COVID — New study

Singapore — As the world enters its third year into the Covid-19 pandemic, one of the benefits is that more is known about the...

President Halimah commends mosque that opened doors to people sleeping rough

Singapore — During hard times such as these, it is always welcome news to hear of communities stepping up to help. President Halimah Yacob recently...

Netizen says they’ve always been embarrassed by the Singaporean accent and Singaporean English

Singapore — A netizen embarrassed by their Singaporean accent and Singaporean English wanted to find out what foreigners thought...

Single mum keen to earn side income, loses nearly $50,000 to ‘Gucci’ scammers

Singapore – News of the surge of phishing scams involving  OCBC Bank has made many other bank customers come...

Want Fast Cash? Tap Into Your Endowment Policy

Endowment insurance provides protection coverage as well as investment returns to help you save towards a specific financial goal...

Where & how you’re most likely catch COVID — New study

Singapore — As the world enters its third year into the Covid-19 pandemic, one of the benefits is that...
Follow us on Social Media

Send in your scoops to news@theindependent.sg