Expats with a few years of experience in a professional occupation can expect to earn a good salary in Singapore. These were some of the conclusions of the latest MyExpatriate Market Pay survey published by ECA International, the world's leading provider of knowledge, information and software for managing and assigning employees worldwide. This was attributed to lower rents amid a lack of demand for expatriate accommodation due to the Covid-19 pandemic and travel restrictions. For companies such as those in the tech sector that attract expats whose skills and experience are in demand, the challenges they face include ensuring that compensation packages are attractive enough.
The cost of benefits fell by a much more significant $1,952 average, as rents fell amid a lack of demand for expatriate accommodation, brought on by the Covid-19 pandemic and restrictions on international travel, Quane said. Once upon a time, Singapore was considered an expat paradise with the promise of big paychecks and comfortable benefits, but it seems that times are changing. By becoming the tenth most expensive place to hire expats, it surpassed countries such as South Korea and Australia. Dr.
Leong added that there has been a notable increase in the number of expats returning to their home countries during the pandemic, and some face different employment conditions if they continue to work here due to companies tightening their belts. SINGAPORE — Singaporean companies spent less on employing expatriate middle managers last year, with overall salary packages marked by reduced profits and a drop in wages. But cash salaries for expats here remain the fifth highest globally, according to a survey released by data and knowledge provider ECA International on Wednesday (August 2) ECA's MyExpatriate Market Pay Survey looks at wage levels for expats around the world, including information on benefits, subsidies, methods of calculating salaries and tax treatment. This means that expats in Singapore are more likely to be paid more compared to their peers elsewhere.
The latest reading places Singapore as the ninth most expensive city in Asia for expatriates, behind Japan, China and India. The Republic will also be appealing to companies seeking to establish a regional center, given the cheaper cost of hiring expatriates, he added.