SINGAPORE – Oil and bunker traders were among those handsomely rewarded in 2023, a bumper year for Singapore’s ports. They earned a median gross wage of $14,911 per month as at June 2023, coming in tops among the jobs covered by the latest annual occupational wage data released by the Ministry of Manpower (MOM).
Jobs pertaining to technology, finance and the media were also well represented among the top 20 roles ranked by median gross wage.SINGAPORE – Oil and bunker traders were among those handsomely rewarded in 2023, a bumper year for Singapore’s ports.
Jobs pertaining to technology, finance and media were also well represented among the top 20 roles ranked by median gross wage. Chief information officers, chief technology officers and chief security officers came in second with a median gross wage of $13,840.Other tech roles in the top 20 include enterprise or solution architects, digital forensics specialists, and infocomm technology sales and services professionals.
The median gross wages recorded for hairdressers increased from $1,595 per month in June 2022 to $2,770 per month in June 2023, which is up by more than 73 per cent. However, Associate Professor Terence Ho of the Lee Kuan Yew School of Public Policy told ST that year-to-year comparisons of wages for particular occupations may not be a very good reflection of underlying trends because of sample size limitations and sampling variability in the survey.
The widest gap was observed among plant and machine operators involved in chemical processing and products. Progressive wages refer to a wage ladder for lower-wage occupations tied to training and productivity improvements that covers seven sectors and two occupations. “Hence, it’s possible that men may be holding more senior positions in the occupations where their wages are significantly higher than for women.”
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