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G O U G H R E C R U I T M E N TA S I AS A L A R Y R E P O R T

A B O U T :For over 30 years, Gough Recruitmenthas been dedicated to providing ourclients with a competitive edge in theReal Estate, Property, Development,and Construction markets throughoutAustralia, Singapore and Hong Kong. Gough Recruitment’s strategy is towork in partnership with our clients &candidates by striving to meet thesame goals and delivering outcomesthat exceed expectations.G O U G H H A S T H E S K I L L S , E X P E R I E N C E , S Y S T E M S ,A N D K N O W L E D G E T O :effectively find a skilled candidate matching your requirementsfind them efficiently, saving you time pouring over CVsunderstand your company’s culture to find a candidate who will‘fit’ the culturefree up your core staff to focus on their core rolefind you a highly skilled candidate who may not have beenactively looking for a new role

F O R E W A R DP O I N T S O F I N T E R E S T F O R 2 0 2 32023 is gearing up to be a fantastic year for the job marketin Asia! With businesses adapting to the "new normal," weare witnessing a surge in hiring optimism, particularly inthe Real Estate, Property, Development, Construction, andPropTech industries, which are experiencing talentshortages.

JDorfling

R E C R U I T M E N T T R E N D S 2 0 2 3

O V E R V I E W

C O N T . . .

E N V I R O N M E N T , S O C I A L A N D G O V E R N A N C E C O N S I D E R A T I O N S

C O N T . . .

H O W H A V E S A L A R I E S & E M P L O Y E EB E N E F I T S C H A N G E D I N T H E H O N GK O N G & S I N G A P O R E M A R K E T S ?S A L A R I E S &B E N E F I T S

3.5%3.5%H O N G K O N G

S I N G A P O R E3.65%3.65%

JobsQ1 22 Q2 22 Q3 22 Q4 2275 50 25 0 SHEETAL AND PARTNERS INC.| PAGE 4J O B S V SA P P L I C A N T SApplications per jobQ1 22 Q2 22 Q3 22 Q4 2220 15 10 5 0

SHEETAL AND PARTNERS INC.| PAGE 4D A Y S T O P L A C EAUS AVERAGE GOUGH AVERAGETEMP PERMANENT40 30 20 10 0 A V E R A G E V S G O U G HA V E R A G E

S A L A R Y R E V I E W2 0 2 3

Hong Kong:M A R K E T U P D A T E

Singapore:

C A N D I D A T ED R I V E R S0% 10% 20% 30% 40%Salary & bonuses Health Insurance Retirement Benefits Work-Life Balance Training and Development Wellness Programs

H O N G K O N G3.5%

D A T A C E N T R E S

C O N T . . .

DEVELOPERSARCHITECTURE - CONSULTANTS

C O N S T R U C T I O N

C O N T . . .

INTERIOR DESIGN - CONSULTANTSCONSULTANTS

CONTRACTORSSPECIALIST TRADE

R E A L E S T A T E

C O N T . . .

REAL ESTATE INVESTMENT / FUNDS / ASSET MANAGEMENT

S I N G A P O R E3.65%

Leasing in Singapore The leasing recruitment market in Singapore is expected togrow at a compound annual growth rate (CAGR) of 5.2% from2023 to 2024. The main reason for this growth is theincreasing demand for office space in the city-state. Theleasing market in Singapore is very competitive, with anumber of large and well-established leasing firms operatingin the market. However, there is also a growing number ofsmaller, specialist leasing firms that are able to offer a morepersonalized service to their clients.The key challenges facing the leasing recruitment market inSingapore are the increasing cost of office space, the tightlabor market, and the need for companies to compete witheach other for top talent. However, there are also a number ofopportunities in the market, such as the increasing demandfor office space, the need for companies to fill a growingnumber of vacancies in their leasing teams, and the growth ofthe smaller, specialist leasing firms.

RETAIL/COMMERCIAL/INDUSTRIAL PORTFOLIO

CONSTRUCTION

ENGINEERING CONSULTANCIESREAL ESTATE INVESTMENT / FUNDS / ASSET MANAGEMENT

IT INFRASTRUCTUREIT APPLICATIONSSOFTWARE / SOLUTIONS ARCHITECT

CYBERSECURITYDATA ANALYTICS

F O R M O R EI N F O R M A T I O NP L E A S E C O N T A C T U S . JOB SEEKERNEED STAFF