Survey shows that wage packages are higher in S Korea and Hong Kong
Apr 23, 2007
AsiaOne
Where multinational corporations (MNCs) source for talents and set up shop depends very much on how much senior executives earn in a country.
According to a survey by Mercer Human Resource Consulting, while finance directors in Singapore are paid more than their counterparts in Japan (US$163,418), the pay here is still not too high compared to those in South Korea (US$212,542) and Hong Kong (US$220,775). Marketing and HR directors in Japan still earn more than in Singapore, however.
Finance directors here – often the second highest-paid executives in a company – take home an average annual total cash package of US$176,982, while marketing and HR directors earn an average of US$155,250 and US$166,152 respectively.
“Compensation has long been driven by such factors as history pay levels, size of economy and competition for talent,” says Steve Gross, global leader of broad-based rewards at Mercer.
“As companies become more globally mobile and can shift some jobs to lower-cost locations, these new considerations will have a big impact on pay levels among countries.”
The remuneration packages for finance, marketing and HR directors here far exceed those in China and India, the two rising Asian giants which are the main attractions for MNCs and investors currently.
Mercer’s survey covered 2,300 companies in 50 countries, and it was found that while India had the lowest pay for those three positions, both in terms of base salaries and annual total cash, the US was the highest.
- Wonderful…Senior Executive’s pay very high….holy shit…how many senior executive are there? hmmmmmm apparently the surveys are showing that we are very very well paid…hmmm hmmm hmmmm….???
The hole might get bigger and deeper with every shove into denial….dig more! Maybe you can find a cave! Haaa…
I cannot speak for all of the people in Singapore and there are no right or wrong in Singapore media’s view in the positive sense. That’s good new! In fact it’s such a great news that we should be PROUD of ourselves! Let’s seek out those who are rich and put their photos in the newspaper and set a ranking!
Ok…let’s find out more about being rich…it’s a symbol…of what? Love? Happiness? Power? Health? Do you necessary get all these from being rich? The answer is no!!
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- Why are our universities allocating 20% space to foreign students (FTs)?
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