Singapore has a very ravishing working force, and its population is full of life, which directly impacts the economy because it has a variety of working sectors – from finance to manufacturing.
However, Singapore’s success is shadowed by a fairly large wage disparity between various industries.
As some industries give their employees large paychecks, others fail to compensate appropriately, and employees face quite a lot of pay inequality.
The reason for these differences varies with factors such as education, demand for those skills, or even gender, which makes the whole affair very complicated.
All the following issues should not simply be viewed numerically but are aimed at finding out the underlying causes and possible solutions to the given problems.
Let’s dive into the details.
Factors Behind Salary Gaps
To get a better understanding of what causes salary differences in Singapore within sectors, it is necessary to consider the key factors.
Now, let’s talk about the three main areas...