Compensation of Employees (As % of Total Expenses) fell 41.6% to 14.3% in Singapore in 2020

Compensation of Employees (As % of Total Expenses) fell 41.6% to 14.3% in Singapore in 2020, according to World Bank.

Historically, Compensation of Employees (As % of Total Expenses) in Singapore reached an all time high of 44.0% in 1994 and an all time low of 14.3% in 2020. When compared to Singapore's main peers, Compensation of Employees (As % of Total Expenses) in Indonesia amounted to 14.8%, 31.7% in Malaysia, 33.5% in Philippines and 23.8% in Thailand in 2020.

Singapore has been ranked 79th within the group of 111 countries we follow in terms of Compensation of Employees (As % of Total Expenses), 27 places below the position seen 10 years ago.