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May 20, 2010
Foreign talent, local package
Premium expat salaries and perks harder to find now
<!-- by line -->By Melissa Sim
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<!-- Audio --><!-- Video --><!-- PDF -->MORE ON LOCAL TERMS
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Expats are given local pay because companies no longer need to bring in top leaders. But while locals are just as capable, the lack of manpower for expansion means companies still turn to expats here to make up the numbers. -- ST PHOTO: NG SOR LUAN
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FOREIGNERS are finding premium expatriate packages harder to come by as more companies turn to the local pay scale for their foreign talent here.
A 2009 survey of 200 companies, conducted by HR consultancy ECA International, showed that 21 per cent of their expatriate employees in Singapore accepted local terms.
The percentage is up from 15 per cent in 2008.
The trend was also reflected in another survey, by HR consultancy ORC Worldwide. It polled 36 multinational companies here and found that two-thirds have started to offer 'local plus' packages - local pay, but with some perks such as partial housing or education allowances.
The shift to a local pay model, noted ECA, mirrors that around the region, with employers sending staff to Hong Kong, China and India also opting for the cheaper option.
Mr Lee Quane, regional director of ECA International Asia, noted that cost-cutting measures and long-term expansion by companies into Asia meant employees tend to stay in Singapore for a longer period, and as such are no longer given salaries similar to those in their home countries.
Read the full story in Thursday's edition of The Straits Times.
[email protected]
Foreign talent, local package
Premium expat salaries and perks harder to find now
<!-- by line -->By Melissa Sim
<!-- end by line -->
Related Link
<!-- Audio --><!-- Video --><!-- PDF -->MORE ON LOCAL TERMS
<!-- Vodcast -->
<!-- end left side bar -->
<!-- story content : start -->
FOREIGNERS are finding premium expatriate packages harder to come by as more companies turn to the local pay scale for their foreign talent here.
A 2009 survey of 200 companies, conducted by HR consultancy ECA International, showed that 21 per cent of their expatriate employees in Singapore accepted local terms.
The percentage is up from 15 per cent in 2008.
The trend was also reflected in another survey, by HR consultancy ORC Worldwide. It polled 36 multinational companies here and found that two-thirds have started to offer 'local plus' packages - local pay, but with some perks such as partial housing or education allowances.
The shift to a local pay model, noted ECA, mirrors that around the region, with employers sending staff to Hong Kong, China and India also opting for the cheaper option.
Mr Lee Quane, regional director of ECA International Asia, noted that cost-cutting measures and long-term expansion by companies into Asia meant employees tend to stay in Singapore for a longer period, and as such are no longer given salaries similar to those in their home countries.
Read the full story in Thursday's edition of The Straits Times.
[email protected]
