Kirsty Poltock, Director at Robert Walters Singapore, dives into salary predictions for 2025, highlighting expected raises of 2 to 5 percent across the board. She unveils sectors like supply chain, finance, and tech that may see even higher increments. Kirsty also discusses the growing demand for sustainability roles and the transformation in ESG job functions. Listeners gain insights on navigating career transitions and the implications of job changes on salaries, especially for those exploring new roles or facing changing workloads.
In 2025, specific roles in supply chain, tech, and finance are expected to see significant pay increases due to high demand and talent shortages.
While job changes can lead to salary increments, employees must consider job stability, flexibility, and fulfillment in their career decisions.
Deep dives
Salary Trends for 2025
Several industries are projected to see significant pay increases in 2025, particularly in supply chain, procurement, and areas within accounting and finance. The demand for talent in supply chain has increased due to a talent shortage, leading companies to offer higher salaries to attract skilled individuals. Consulting reports indicate that roles in banking and financial services are also likely to experience pay bumps. Notably, positions that drive profitability, such as business partnering roles in finance, will continue to be in demand as organizations seek to optimize their operations.
The Tech Sector's Pay Landscape
In the tech industry, specific roles such as data scientists, software engineers, and cybersecurity experts are anticipated to see up to a 20% pay increase for those changing jobs, while staying within the same company may yield a smaller increment of 2-5%. The ongoing demand for experts in artificial intelligence and machine learning also underscores the competitive nature of the tech job market. Employers are now focusing on not just salary increments but also on providing flexible work arrangements and overall wellness benefits to retain talent. This highlights that while moving can lead to substantial pay increases, job security and organizational culture remain critical factors for many professionals.
Flexible Work and Job Security Considerations
As professionals evaluate job changes, factors such as job security, flexible work arrangements, and personal fulfillment are increasingly important. The podcast highlights that although attractive salary increments might tempt individuals to transition, the stability and security of one’s current job should not be overlooked, especially in fluctuating markets. Additionally, transitioning into roles related to sustainability or total rewards within HR shows potential for higher pay due to the increasing emphasis on these areas. Ultimately, individuals are encouraged to invest in their skills and assess their long-term career goals before making employment decisions.
In 2025, salary increments of between 2 to 5 per cent are expected for all workers but some sectors and jobs may get higher increases. Kirsty Poltock, director at Robert Walters Singapore, shares her salary predictions and her view on how workers can move into these roles.