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Fresh grads costlier to hire in Singapore than in Hong Kong

Published on Apr 22, 2014 3:57 PM
 
Graduates at a graduation ceremony at the National University of Singapore (NUS) on July 4, 2011. Fresh graduates in Singapore expect higher salaries in their first jobs than their counterparts in Hong Kong, a new survey has found. -- ST FILE PHOTO: JOYCE FANG

SINGAPORE - Fresh graduates in Singapore expect higher salaries in their first jobs than their counterparts in Hong Kong, a new survey has found.

They are asking an average monthly pay of $3,308, compared with the $2,798 that fresh graduates in Hong Kong are expecting, said employer branding firm Universum on Tuesday.

Despite the difference in expectations, Universum's survey of over 13,000 university students also revealed that both groups are asking for lower salaries than before.

"As two of the most developed markets in Asia, most employers believe there should be greater similarities than differences among talent in Singapore and Hong Kong," said Mr Joakim Strom, managing director at Universum APAC.

 
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