In this year’s game-changing employment landscape, should we hold our breath on a pay raise? New
indices are surfacing for 2020 salary index and average salary across all positions. Take a dive into
the latest salary data and evaluate the new hiring market in 2020.
In March 2020, JobsDB surveyed over 4,000 employees of 244 positions across 30 industries.
As of 1 March 2020, the average salary increase
for full-time employees was 1.3%, a 3.8% drop
compared to the same period in 2019 Job Seeker Salary Report. Among
the surveyed full-time employees, only 50%
received a raise, while 40% had their salary
frozen, and 10% a decrease.
JobsDB salary index in 2020 reveals that employees aged under 25 and between 26 and 30 years of age
received the most salary increase, at a rate of
3.2% and 3.1% respectively. Employees over
the age of 40, however, have seen a decrease
in their salary.
What are the three types of jobs that received the most salary increase in 2020, then? IT (+6.1%),Strategic Analytics (+5.8%), and Education
(+4.6%). At the other end of the spectrum,
these three types of jobs experienced a salary
decrease: Retail and Sales (-8.9%), Hospitality/Tourism (-8.1%), and Food and Beverage(-1.2%).
According to the Job Seeker Salary Report 2020, 51% of employees received an average of 1.4 months of
performance bonus, with those in these four
industries receiving the most bonus: Finance
(2.1 months), Banking (1.9 months), IT (1.8
months), and Project Management (1.8
Curious about current salary increase for your job
position in 2020?