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At the same time, chief technology officers with more than 12 years of experience could earn at least S$600,000 per annum.
Gradual recovery marked a large part of the economy in 2023, with companies across industries in Singapore cautiously increasing their workforce with moderate wage hikes. On that note, many employers ended 2023 planning to gradually ramp up hiring in 2024.
Although ongoing geopolitical tensions and a potential slowdown in China’s growth present challenges, there are signs that the downturn in manufacturing might be ending, with potential growth in 2024, as noted in Achieve Group's report, 2024 Singapore staffing & salary insights.
Easing inflation is also providing further optimism, and altogether, these positive indicators are creating opportunities for business leaders and HR professionals to invest in their human capital. With economic recovery expected to be gradual, 2024 is a crucial year for companies to develop their staff and build the necessary skillsets for future growth.
In that vein, the report revealed the expected salary ranges across roles and sectors, based on an aggregate of placements recorded and the Group's analysis of placement data over the past year. Excerpts are shared below.
All figures reflected below are in SGD, representing thousands, and gross salaries per annum.
Here is the breakdown of salary ranges among human resources functions, based on designations:
| Job title | Executive | Assistant manager | Manager | Head |
| Human resources | 60 - 80 | 90 – 110 | 120 - 140 | 160+ |
| Compensation & benefits | 60 - 80 | 90 – 110 | 120 - 140 | 160+ |
| Training & development | 50 - 70 | 80 – 120 | 120 - 130 | 170+ |
| Talent acquisition | 50 - 70 | 80 – 100 | 110 - 140 | 180+ |
Per the data, heads of HR could expect to be earning an annual income of S$160,000 or more this year.
In the information & communications technology sector, chief technology officers (CTOs) and chief information officers (CIOs) may be taking home the following salaries this year, depending on their years of experience:
| Job title | 4-7 years | 8-12 years | 12 years and above |
| CTO | 300-400 | 400-600 | 600+ |
| CIO | 300-400 | 400-600 | 600+ |
Lastly, by job role, those in the healthcare & wellness sector could be taking home:
| Job title | Executive | Assistant Manager | Manager | Head |
| Nurse | 30 - 42 | 42 – 62 | 60 - 85 | 90+ |
| Doctor | 50 - 72 | 72 – 120 | 120 - 200 | 200+ |
| Pharmacist | 34 - 40 | 48 – 78 | 78 - 96 | 96+ |
| Radiographer | 34 - 54 | 54 – 84 | 84 - 120 | 120+ |
| Physiotherapist | 34 - 54 | 54- 78 | 78 – 108 | 108+ |
| Occupational therapist | 34 – 54 | 54- 78 | 78 – 108 | 108+ |
| Dental surgeon | 42 - 72 | 72 – 120 | 120 – 200 | 200+ |
| Cardiologist | 150 – 200 | 200 – 250 | 250 – 300 | 300+ |
| Nutritionist/Dietitian | 36 – 50 | 50 – 80 | 80 – 100 | 100+ |
| Wellness coach/ consultant | 36 – 50 | 50 – 80 | 80 – 100 | 100+ |
READ MORE: Want more people to be in the office? Look for perks that better utilise their time
Lead image / 123RF
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