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Local talent can expect a 12-15% salary hike when switching jobs this year, says recruiter

Michelle Zhu
Michelle Zhu2/20/2019 11:29 AM GMT+08  • 2 min read
Local talent can expect a 12-15% salary hike when switching jobs this year, says recruiter
SINGAPORE (Feb 20): In spite of government projects that suggest a slight drop in hiring growth this year, recruitment specialist Michael Page is expecting job growth to continue its steady momentum across 2019 due to talent shortages and high demand for
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SINGAPORE (Feb 20): In spite of government projects that suggest a slight drop in hiring growth this year, recruitment specialist Michael Page is expecting job growth to continue its steady momentum across 2019 due to talent shortages and high demand for niche talent, with a focus on fintech and e-payment roles.

For 2019, the firm estimates jobseekers can look forward to an average salary increase of 12-15% when switching jobs in similar industries.

This is according to the annual 2019 Salary Benchmark Index released by Michael Page, which suggests that both large businesses and small- to medium-enterprises (SMEs) are showing a renewed confidence for positive growth and expansion in Singapore.

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