Expatriate pay packages in Singapore drop 8%
International human resource consulting firm ECA International survey result
According to the MyExpatriate Market Pay survey held by ECA International, pay packages for expatriate workers in Singapore have shrunk 8 per cent over the past year.
The average of a typical total expatriate package for Middle Managers in Singapore is now S$322,774. The package includes cash salary, tax and benefits such as accommodation, international schools, utilities or cars.
"The average total expatriate package offered in 2015 is the lowest seen in Singapore in the past four years," said Lee Quane, regional director for Asia at ECA International.
Japan ranked in the top, having Asia's highest expatriate packages of S$443,661.
Expat packages in Mainland China are now the second highest in Asia.
Malaysia now has the lowest total expatriate pay package of S$102,503 in the regional list, behind Sri Lanka and Pakistan.