Entry-level hiring and salary trends in Singapore
Quick Look
- Data from Aon reveals a 2.5% salary increase for entry-level roles alongside a 3.2% drop in headcount.
- Concurrently, Singaporean graduate employment rates have fallen to 83.4%, as AI integration alters employer expectations for new workforce entrants.
AI-generated summary
Why It Matters
Aon published data on entry-level salary and headcount trends. A survey of Singapore's six autonomous universities tracked graduate employment rates.
Data published last month by global professional services firm Aon showed a 2.5 per cent year-on-year salary increase for entry-level employees, alongside a 3.2 per cent drop in entry-level headcount.
The findings come as graduate employment in Singapore has also weakened. A joint survey by the country’s six autonomous universities released in March found that 83.4 per cent of recent graduates who sought jobs were working within six months of their final exams, declining from 87.1 per cent in 2024 and continuing a downward trend since 2022.
Aon’s findings also point to a shift in employer expectations for new workforce entrants, as artificial intelligence takes on a growing role in the workplace.
Open Questions
- How will AI specifically impact future entry-level job descriptions?
- Will the decline in graduate employment continue into 2025?
