This article was written by a Financial Horse Contributor.
The current state of the Singapore workplace
2022 was a “candidate-driven” job market – there were more open seats than qualified talents to fill them.
That was the result of almost every sector starting to hire across multiple roles as the economy opened.
Salaries surged like Grab prices on a Friday night. Top talent could pit hiring organisations against one another as each tried to bump their offer to secure the candidate.
This was the same story for fresh graduates.
In prior Graduate Employment Surveys (GES), median salaries for fresh graduates typically go up in $100 increments yearly. But in 2022, it increased from $3800 to $4200.
Did you ask for enough?
The hot market in 2022, combined with rising inflation, meant that many employees were expecting a bigger pay bump. According to a Morgan McKinley report, 69% of employees received a salary increase in 2022....