Singapore entry-level jobs fall as starting pay rises, Aon data shows
Singapore’s entry-level salaries rose 2.5 per cent year on year while headcount in such roles fell 3.2 per cent, according to data from professional services firm Aon. The figures suggest that people entering the workforce face a tighter market even as employers offer higher starting pay.
Singapore’s entry-level job market is contracting even as starting salaries continue to rise, according to data reported by the South China Morning Post. Figures published last month by global professional services firm Aon showed a 2.5 per cent year-on-year increase in salaries for entry-level employees. Over the same period, the number of people in entry-level roles declined by 3.2 per cent.
The combination of higher pay and fewer positions points to tougher conditions for fresh graduates and other workers at the beginning of their careers. The supplied material does not establish why entry-level headcount fell. It also does not identify the industries covered by Aon’s figures, the number of employees surveyed or whether the data refers to advertised jobs, filled positions or the wider workforce.
The report describes the findings as an indication of a more difficult entry-level market, but provides no forecast or reaction from employers, workers or policymakers.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.