The Ultimate Guide for Average Salaries in Singapore 2022
The COVID-19 pandemic has been a non-stop rollercoaster of changes, but one thing that remains the same is the demand for blue collar jobs. As an employer, you must be concerned about how much you should be paying your employees, and as an employee, you must be constantly worried if you are being paid fairly. Because of our unique position as a job portal between employer and employee, we gathered our data and put together this ultimate guide for average salaries in Singapore 2022!
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Key Points:
Key Points:
- Average 10.2% increase in salary across the top 30 common job titles in 2021
- There is a huge manpower shortage
- Adjusting salaries to match the average salary may help
What is the average salary now?
A simple answer to the question "What is the average salary in Singapore in 2022?" is - With an average 10.2% increase in median salaries across the top 30 common job titles on our platform from 2020 to 2021, median salaries for blue collar jobs now range from $1500 to as high as $3000.
Perhaps you were expecting a decrease in average salary because of the recession, but the reality is that majority of blue collar jobs saw an increase in average salaries! Read on to see (and calculate!) what has changed in the span of just one year, from 2020 to 2021.
Median Salaries of Top 30 Common Job Titles on FastJobs
Salary Ranges for Most Common Job Titles on FastJobs
Why are there changes?
Singapore is heavily reliant on foreign labour to fill blue collar jobs. Given the border restrictions, sourcing for overseas labour like how we have done before is very challenging, and this contributes to a huge manpower shortage for these rank and file roles.
We have learned through regular surveys that one of the key factors for our jobseekers when looking for work is salary. As such, many employers have turned to increasing the average salary as the most straightforward way to attract local prime candidates in blue collar jobs.
For example, one key sector experiencing a major manpower crunch is the F&B industry. With many F&B outlets under-staffed by 20 - 30%, operators have raised wages by 10% or more, in hopes of attracting jobseekers.
For example, one key sector experiencing a major manpower crunch is the F&B industry. With many F&B outlets under-staffed by 20 - 30%, operators have raised wages by 10% or more, in hopes of attracting jobseekers.
What should I do next?
If you're a jobseeker wondering about how much you should be getting paid, now you know the average salary your peers in the same line of work are getting and won't be shortchanged!
If you're an employer, refer to the tables above for a rough gauge of the average salary of your sector. This will help to make your job postings competitive and attractive to jobseekers. Sign up for a free trial if you need help reaching the right talents!
If you're an employer, refer to the tables above for a rough gauge of the average salary of your sector. This will help to make your job postings competitive and attractive to jobseekers. Sign up for a free trial if you need help reaching the right talents!
What are you waiting for? Request for your free trial now!
*The insights shared in this article is compiled exclusively from FastJobs' database.
Median salary refers to the middle number in the set of salaries collected.
Average salary refers to the mean salary of the set of salaries collected.
Median salary refers to the middle number in the set of salaries collected.
Average salary refers to the mean salary of the set of salaries collected.
