Please click here if you can't read the newsletter

^₁st Quarter Newsletter 2020

SALARY OVERVIEW

Hong Kong - China - Singapore - Thailand 

Singapore

Singapore outlook 2020

The latest data from The Ministry of Manpower (MOM) show that employment demands in 2020 will remain high in Engineering, IT, and Sales positions. These positions continue to be hard to fill in Singapore because of the shortage of talent in these areas.

Yet, employees in the professionals, managers, executives and technicians (PMET) category, who make up over half of the local workforce, are the most vulnerable in the labour market. They are the hardest-hit in lay-offs and take the longest time to get re-employed - even when the bulk of vacancies are for PMETs. Reason is simply that the skills of many PMETs are no longer suitable for the new digital economy. 

With Singapore's aim to become a smart nation and a digital transformation leader, companies are looking for talent to rapidly digitise their organisations and remain competitive on the regional and global economic stage. Hence the demand for IT contractors: employers depend on experienced contract professionals to lead and assist their digital transformation initiatives and projects. 

In a recent poll done by the MOM among business leaders in Singapore, 40 per cent say that not all the jobs coming into the market in 2020 will be classified as high-skilled. The rebound in the construction sector is likely to continue in 2020, creating a need for even more workers. Also continuously in demand will be the rank-and-file roles in the services industry. 

In 2020, many economists and recruiters are expecting to see an increase in job vacancies in the health and social services sector. Whilst traditional services positions, including Finance, Insurance and Professional Services, that accounted for much of the job growth before will see a slow-down. Jobs in the banking sector, for example, are becoming more software-driven. Instead of hiring traditional banking staff, banks are now looking for people who are skilled in cyber security or compliance.

Economists agree that the present slowdown is not quite the same as previous economic downturns that Singapore has experienced. And the key difference between then and now is that there are new growth areas brought about by digitisation.

Source: The Business Times

2020 Singapore salary forecast

Singaporeans hoping for a huge salary jump in 2020 might be in for a disappointment, as the republic’s average salary increase is expected to be three per cent after accounting for inflation. But Singapore employees will still see a larger increase than their regional neighbours, such as Hong Kong, Taiwan and Japan.

The numbers were obtained across various industries, including Manufacturing, Retail, Transport, and Finance. Given the predicted global average increase of 1.4%, Singapore’s 3% increase was “among the world’s highest”. This because of the notably low level of inflation that Singapore has seen over recent years, coupled with talent shortages due to a tight labour supply and tighter immigration policies. 

This salary increase will probably be mostly applicable to workers in specialised positions with low talent supply, such as cyber security specialists and developers. As for the rest of Singapore, obtaining a pay rise would be “challenging”, as economy outlook still remains uncertain.

Source: Business Insider

Top 5 Candidates

Senior Sales & Marketing Manager

Nationality: Singaporean

Based: Singapore

Languages: English & Mandarin

Availability: Two months' notice

Skills:

With 15 years’ experience in a global Life Sciences company, being responsible for the direct sales team within Singapore. Well established key account relationships with customers. Ability to use Salesforce (SFDC) to manage sales funnels, pipelines and forecast; and maintain healthy quarterly bookings and revenue targets. Works efficiently with marketing team on the marketing strategies and campaigns to build strong presence and branding. Good communicator and team player with the application and services team to ensure strong after-sales support and rapport.

SAP B1 Consultant (IT)

Nationality: Indian, SPR

Based: Singapore

Languages: English

Availability: Immediately

Skills:

In-depth knowledge of Windows 2003, XP, SQL Server, Vista, IIS and .NET infrastructure and technologies. Knowledge of Languages like SQL, HTML, C#, Visual Basic .Net, .NET Framework, Complex XML Schema and JavaScript. Extensive knowledge of SQL Server 2005, SQL Scripting, SQL Batch Jobs, SQL DTS Packages and SQL back-end.

Senior Accounting Supervisor

Nationality: Singaporean

Based: Singapore

Languages: English & Mandarin

Availability: Immediately

Skills:

With over 11 years of experience in Service and Logistics, able to handle full set

accounts, and lead AR & AP teams.

Personal Assistant

Nationality: Singaporean

Based: Singapore

Languages: English and Mandarin

Availability: Immediately

Skills:

23 years' experience in Admin Operations. Successfully lead and setup a new office to relocate 800 staff and also successfully setup a new office and relocated a team of 25 investment bankers to Hong Kong office.

Operations Manager (Commodities & Shipping Maritime)

Nationality: Singaporean

Based: Singapore

Languages: English

Availability: Immediately

Skills:

BL, Negotiations, Ship chartering, maintaining long term business relationships with ship owners, negotiating Charter Party terms and conditions to Company’s standards.

For more information about these candidates, please contact catherinec@gemini.sg

Copyright © 2020 Gemini Personnel Pte Ltd. All Rights Reserved.

If you no longer wish to receive emails then Unsubscribe