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Global talent crunch will push up salaries for highly-skilled S'pore workers: study

Sought-after staff in manufacturing, financial services, TMT sectors can expect extra US$29,100 per year by 2030

Published Thu, Jun 21, 2018 · 09:50 PM

Singapore

A HIGHLY-SKILLED employee in the manufacturing, financial services or the TMT (technology, media and telecommunications) industry in Singapore can expect to be paid an extra US$29,100 per year by 2030 as talent shortages loom, a new study by consulting firm Korn Ferry has found.

This means Singapore companies will face the second-highest average wage premium out of 20 major economies examined in Korn Ferry's Salary Surge study, placing profits under pressure.

The term "wage premium" refers to the additional salary employers will need to pay abov…

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