What are the salary trends in 2023 and 2024?

Growth: S'pore lower compared to the region

Top gainers in 2024: Which sectors?

Outrunning inflation, and salary increases

What if my increase is lower than inflation?

Increases converges at around 4 per cent across the board in a mature high-cost market like Singapore.

Synopsis: Every second Monday of the month, The Straits Times' Career Talk podcast helps you take charge of your own career and make your ambition pay off.

One source of both cheer and uncertainty in this festive period is talk of performance appraisals, promotions and pay raises.

To find out more about salary trends in 2024, host Tay Hong Yi speaks to Mr Rahul Chawla, partner and head of talent solutions for South-East Asia at professional services firm Aon.

Highlights (click/tap above):

1:43 What are the salary trends in 2023 and 2024 generally?

3:39 Why is Singapore's projected gain lower than elsewhere in the region?

5:36 Which are the sectors likely to be top gainers in 2024?

12:42 What are the roles with increases that will likely outrun inflation?

15:50 Advice for talent whose pay increases didn't outrun inflation in 2023

Read more: https://str.sg/if6N

Produced by: Tay Hong Yi (hytay@sph.com.sg), Ernest Luis, and Teo Tong Kai

Edited by: Teo Tong Kai

Follow Career Talk Podcast here:

Channel: https://str.sg/wB2m

Apple Podcasts: https://str.sg/wuN3

Spotify: https://str.sg/wBr9

SPH Awedio app: https://www.awedio.sg/

Website: http://str.sg/stpodcasts

Feedback to: podcast@sph.com.sg

Read Tay Hong Yi's articles: https://str.sg/w6cz

Get business/career tips in ST's HeadSTart newsletter: https://str.sg/headstart-nl

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Discover more ST podcast channels:

COE Watch: https://str.sg/iTtE

In Your Opinion: https://str.sg/w7Qt

Asian Insider: https://str.sg/JWa7

Health Check: https://str.sg/JWaN

Green Pulse: https://str.sg/JWaf

Your Money & Career: https://str.sg/wB2m

ST Sports Talk: https://str.sg/JWRE

#PopVultures: https://str.sg/JWad

Music Lab: https://str.sg/w9TX

Discover ST Podcasts: http://str.sg/stpodcasts

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Special edition series:

True Crimes Of Asia (6 eps): https://str.sg/i44T

The Unsolved Mysteries of South-east Asia (5 eps): https://str.sg/wuZ2

Invisible Asia (9 eps): https://str.sg/wuZn

Stop Scams (10 eps): https://str.sg/wuZB

Singapore's War On Covid (5 eps): https://str.sg/wuJa

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Follow our shows then, if you like short, practical podcasts!

#moneycareer

Increases converges at around 4 per cent across the board in a mature high-cost market like Singapore.
Synopsis: Every second Monday of the month, The Straits Times' Career Talk podcast helps you take charge of your own career and make your ambition pay off.
One source of both cheer and uncertainty in this festive period is talk of performance appraisals, promotions and pay raises. To find out more about salary trends in 2024, host Tay Hong Yi speaks to Mr Rahul Chawla, partner and head of talent solutions for South-East Asia at professional services firm Aon.
Highlights (click/tap above):
1:43 What are the salary trends in 2023 and 2024 generally?
3:39 Why is Singapore's projected gain lower than elsewhere in the region?
5:36 Which are the sectors likely to be top gainers in 2024?
12:42 What are the roles with increases that will likely outrun inflation?
15:50 Advice for talent whose pay increases didn't outrun inflation in 2023
Read more: <a href="https://str.sg/if6N">https://str.sg/if6N</a>
Produced by: Tay Hong Yi (<a href="mailto:hytay@sph.com.sg">hytay@sph.com.sg</a>), Ernest Luis, and Teo Tong Kai
Edited by: Teo Tong Kai
Follow Career Talk Podcast here:
Channel: <a href="https://str.sg/wB2m">https://str.sg/wB2m</a>
Apple Podcasts: <a href="https://str.sg/wuN3">https://str.sg/wuN3</a>
Spotify: <a href="https://str.sg/wBr9">https://str.sg/wBr9</a>
SPH Awedio app: <a href="https://www.awedio.sg/">https://www.awedio.sg/</a>
Website: <a href="http://str.sg/stpodcasts">http://str.sg/stpodcasts</a>
Feedback to: <a href="mailto:podcast@sph.com.sg">podcast@sph.com.sg</a>
Read Tay Hong Yi's articles: <a href="https://str.sg/w6cz">https://str.sg/w6cz</a>
Get business/career tips in ST's HeadSTart newsletter: <a href="https://str.sg/headstart-nl">https://str.sg/headstart-nl</a>
---
Discover more ST podcast channels:
COE Watch: <a href="https://str.sg/iTtE">https://str.sg/iTtE</a>
In Your Opinion: <a href="https://str.sg/w7Qt">https://str.sg/w7Qt</a>
Asian Insider: <a href="https://str.sg/JWa7">https://str.sg/JWa7</a>
Health Check: <a href="https://str.sg/JWaN">https://str.sg/JWaN</a>
Green Pulse: <a href="https://str.sg/JWaf">https://str.sg/JWaf</a>
Your Money &amp; Career: <a href="https://str.sg/wB2m">https://str.sg/wB2m</a>
ST Sports Talk: <a href="https://str.sg/JWRE">https://str.sg/JWRE</a>
#PopVultures: <a href="https://str.sg/JWad">https://str.sg/JWad</a>
Music Lab: <a href="https://str.sg/w9TX">https://str.sg/w9TX</a>
Discover ST Podcasts: <a href="http://str.sg/stpodcasts">http://str.sg/stpodcasts</a>
---
Special edition series:
True Crimes Of Asia (6 eps): <a href="https://str.sg/i44T">https://str.sg/i44T</a>
The Unsolved Mysteries of South-east Asia (5 eps): <a href="https://str.sg/wuZ2">https://str.sg/wuZ2</a>
Invisible Asia (9 eps): <a href="https://str.sg/wuZn">https://str.sg/wuZn</a>
Stop Scams (10 eps): <a href="https://str.sg/wuZB">https://str.sg/wuZB</a>
Singapore's War On Covid (5 eps): <a href="https://str.sg/wuJa">https://str.sg/wuJa</a>
---
Follow our shows then, if you like short, practical podcasts!
#moneycareer

Get a headstart in your personal finance and career with The Straits Times.

Synopsis: Every first and third Monday of the month, get a headstart in your personal finance and career with The Straits Times.

Podcasters: Sue-Ann Tan & Tay Hong Yi

Produced & edited by: Amirul Karim

Executive producers: Ernest Luis & Lynda Hong

A podcast by The Straits Times, SPH Media.

Synopsis: Every first and third Monday of the month, get a headstart in your personal finance and career with The Straits Times.
Podcasters: Sue-Ann Tan &amp; Tay Hong Yi
Produced &amp; edited by: Amirul Karim
Executive producers: Ernest Luis &amp; Lynda Hong
A podcast by The Straits Times, SPH Media.

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