How Well Singapore Directors Are Paid Globally
To assess just how well the average Singaporean company director is paid, a comparison must be made with their foreign counterparts.
For the purposes of comparison, all figures in this section will be stated in US dollars.
As has been mentioned, the average company director in Singapore earns S$200,000 per year. That converts to a figure of US$147,738 every year, or about 2.3 times what the average Singaporean earns. The three countries whose citizens earns annual amounts closest to those of the average Singaporean are Qatar, the United States, and Denmark. In Qatar, the average director earns around 600,000 riyals per year. This equates to US$164,790, or, like Singapore, around 2.3 times the national average salary. In Denmark, a company director can expect to make approximately 996,600 kroner, or US$151,209, every year. Relative to the national population, this figure is higher than those previously mentioned – about 2.5 times the national average. On the other hand, company directors in the United States, who typically earn US$130,291 annually, make just 2.1 times the national average salary. However, in any case, it can clearly be seen that company directors in Singapore earn similar amounts relative to the general population as do their foreign counterparts.
Despite the impressive sums that they earn, however, this money must truly be well-earned, for the role of a company director can often be complex and very different from what one might expect. Nevertheless, a company that hires just the right person to the role of company director can expect some truly positive consequences. This is because a company with an excellent company director will soon find itself gaining in profitability, market value, reputation, and brand recognition.
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