Singapore C-Suite salary stud
Research report 2013/14 by Towers Watson
Salaries for C-Suites, senior executive management executives such as CEO, CIO and CFO, are the highest in Singapore among those in other Asian Pacific countries, the research reported last month.
The study "2013/2014 Global 50 Remuneration Planning Report" was held by Towers Watson, a leading global professional services consultant company.
Here are the key findings:
- Salaries for C-Suites in Singapore are up to 14 per cent higher than those in Hong Kong. In addition, those who are top management executives earn 34 per cent higher in Singapore than in Hong Kong.
- C-Suite level pay level in Singapore exceed those of other countries in the Asia Pacific region.
- "Growth in private banking in Singapore and its development - or regeneration - as a regional hub for international companies has drawn a lot of high-level talent to the city and that's reflected in the C-suite compensation," commented Sambhav Rakyan, Data Services practice leader, Asia Pacific at Towers Watson.
Towers Watson forecasts average salary increases 4.5 per cent this year.
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