HOME BROWSE SALARIES ARTICLES BEST PAYING JOBS SUBMIT SALARY
Browse Salaries
Best Paying Jobs
Articles
Submit Salary
Salary Increase Letters

Internal Compliance Officer Average Salary in Singapore 2024

How much money does a person working as Internal Compliance Officer make in Singapore?


Average Monthly Salary
5,280 SGD
( 63,400 SGD yearly)

LOW
2,480
SGD
AVERAGE
5,280
SGD
HIGH
8,340
SGD
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Internal Compliance Officer in Singapore typically earns around 5,280 SGD. Salaries range from 2,480 SGD (lowest) to 8,340 SGD (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Internal Compliance Officer salaries in Singapore vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Internal Compliance Officer Pay Scale and Salaries in Singapore

Median and salary distribution Singapore Internal Compliance Officer monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/singapore/quality-control-and-compliance/internal-compliance-officer/median-and-salary-distribution-monthly-singapore-internal-compliance-officer.jpg

Salary Structure and Pay Scale Comparison

5% of people earn
4,970 SGD or more
10% of people earn
4,370 to 4,970 SGD
20% of people earn
3,040 SGD or less
65% of people earn
3,040 to 4,370 SGD
Minimum Salary
2,480 SGD
Median
5,010 SGD
Maximum
8,340 SGD




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Internal Compliance Officer in Singapore range from 2,480 SGD (starting salary) to 8,340 SGD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 5,010 SGD, half of the professionals who work as Internal Compliance Officer in Singapore earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Internal Compliance Officer in Singapore earn less than 4,060 SGD, while 75% earn more. Similarly, the chart shows that 75% earn less than 5,750 SGD while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Internal Compliance Officer in Singapore compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 3,040 SGD to 4,370 SGD. About 20% of salaries are below the 3,040 SGD mark, while 10% fall within the range of 4,370 SGD to 4,970 SGD. Only 5% of individuals have salaries exceeding 4,970 SGD.

Salary Comparison by Years of Experience / Internal Compliance Officer / Singapore

How do experience and age affect pay?

0 - 2 Years
2,860 SGD
2 - 5 Years+38%
3,950 SGD
5 - 10 Years+42%
5,620 SGD
10 - 15 Years+22%
6,850 SGD
15 - 20 Years+6%
7,230 SGD
20+ Years+9%
7,870 SGD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Singapore Internal Compliance Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/singapore/quality-control-and-compliance/internal-compliance-officer/salary-comparison-by-years-of-experience-monthly-singapore-internal-compliance-officer.jpg

The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Internal Compliance Officer and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 2,860 SGD.

While someone with an experience level between two and five years is expected to earn 3,950 SGD, 38% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 5,620 SGD, 42% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 6,850 SGD, 22% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 7,230 SGD, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 7,870 SGD, 9% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Salary Comparison By Education / Internal Compliance Officer / Singapore

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Internal Compliance Officer.

Bachelor's Degree
3,950 SGD
Master's Degree+83%
7,230 SGD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Singapore Internal Compliance Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/singapore/quality-control-and-compliance/internal-compliance-officer/salary-comparison-by-education-level-monthly-singapore-internal-compliance-officer.jpg

We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Internal Compliance Officer in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 3,950 SGD.


Level 2: Master's Degree

At this level, the average salary becomes 7,230 SGD, 83% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Singapore costs anywhere from 42,400 SGD to 127,000 SGD and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Salary and Compensation Comparison By Gender / Internal Compliance Officer / Singapore

Salary comparison by gender Singapore Internal Compliance Officer monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/singapore/quality-control-and-compliance/internal-compliance-officer/salary-comparison-by-gender-monthly-singapore-internal-compliance-officer.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Internal Compliance Officer in Singapore, the average difference between the salary of male and female employees is 6%.

Male
5,440 SGD
Female-5%
5,140 SGD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Singapore for all Careers

Salary comparison by gender monthly Singapore
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/singapore/salary-comparison-by-gender-monthly-singapore.jpg


Average Annual Salary Increment Percentage / Internal Compliance Officer / Singapore

How much are annual salary increments in Singapore for individuals working as Internal Compliance Officer? How often do employees get salary raises?

Individuals working as Internal Compliance Officer in Singapore are likely to observe a salary increase of approximately 11% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Singapore Internal Compliance Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/singapore/quality-control-and-compliance/internal-compliance-officer/annual-salary-increment-rate-singapore-internal-compliance-officer.jpg


The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Singapore / All Professions

Annual Salary Increment Rate Singapore
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/singapore/annual-salary-increment-rate-singapore.jpg

The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Singapore is 7%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Internal Compliance Officer / Singapore

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Singapore Internal Compliance Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/singapore/quality-control-and-compliance/internal-compliance-officer/annual-salary-bonus-rate-singapore-internal-compliance-officer.jpg

67% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 33% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.

Received Bonus
33%
No Bonus
67%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Internal Compliance Officer / Singapore


30 SGD per hour

The average hourly wage (pay per hour) for individuals working as Internal Compliance Officer in Singapore is 30 SGD.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Internal Compliance Officer in Singapore is 14 SGD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Quality Control and Compliance-100%
Approval Team Manager9,850 SGD+87%
Assistant Quality Manager8,460 SGD+60%
Authenticity Expert8,060 SGD+53%
Biometric Compliance Consultant7,980 SGD+51%
Biometric Privacy Specialist7,580 SGD+44%
Compliance Officer5,060 SGD-4%
Document Analyst4,080 SGD-23%
Document Control Officer3,720 SGD-30%
Document Control Specialist4,350 SGD-18%
E-commerce Compliance Specialist8,170 SGD+55%
HACCP Coordinator4,450 SGD-16%
Inspection Supervisor7,520 SGD+42%
Internal Compliance Officer5,280 SGD=
Product Complaints Associate5,220 SGD-1%
Product Owner8,380 SGD+59%
Product Quality Leader9,630 SGD+82%
QMS Coordinator5,400 SGD+2%
Quality and Safety Site Leader9,060 SGD+72%
Quality Assurance Administrator7,710 SGD+46%
Quality Assurance Analyst9,390 SGD+78%
Quality Assurance Associate5,360 SGD+2%
Quality Assurance Auditor7,880 SGD+49%
Quality Assurance Document Control3,880 SGD-27%
Quality Assurance Engineer5,040 SGD-5%
Quality Assurance Executive12,100 SGD+130%
Quality Assurance Inspector8,050 SGD+52%
Quality Assurance Manager13,800 SGD+160%
Quality Assurance Specialist8,000 SGD+52%
Quality Assurance Supervisor 8,750 SGD+66%
Quality Assurance Technician4,470 SGD-15%
Quality Assurance Tester4,800 SGD-9%
Quality Control Analyst8,580 SGD+63%
Quality Control and Compliance Officer4,920 SGD-7%
Quality Control and Quality Assurance Officer5,420 SGD+3%
Quality Control Auditor6,990 SGD+32%
Quality Control Chemist9,100 SGD+72%
Quality Control Coordinator5,230 SGD-1%
Quality Control Engineer5,000 SGD-5%
Quality Control Executive11,600 SGD+120%
Quality Control Manager12,100 SGD+130%
Quality Control Supervisor9,460 SGD+79%
Quality Control Technician4,360 SGD-17%
Quality Data Analyst7,230 SGD+37%
Quality Director12,700 SGD+140%
Quality Engineer4,740 SGD-10%
Quality Executive9,930 SGD+88%
Quality Improvement Coordinator5,550 SGD+5%
Quality Management Officer5,260 SGD-0%
Quality Manager13,700 SGD+160%
Quality Surveyor7,740 SGD+47%
Quality Trainer9,180 SGD+74%
Regulatory Affairs Manager9,250 SGD+75%
Six Sigma Black Belt9,900 SGD+88%
Space Industry Compliance Specialist9,830 SGD+86%
Sustainability Compliance Analyst9,540 SGD+81%
Sustainability Compliance Manager10,100 SGD+91%

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Singapore is 5% on average across all career fields.

Private Sector
8,300 SGD
Public Sector+5%
8,700 SGD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Internal Compliance Officer in Singapore?

A good and competitive compensation would range anywhere between 5,010 SGD and 5,750 SGD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Internal Compliance Officer in Singapore ranges from 2,480 SGD to 4,060 SGD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


Browse Salaries

Salary Increase Letters

Best Paying Jobs
Home BROWSE SALARIES ARTICLES BEST PAYING JOBS Salary Comparison Arabic

©Salary Explorer 2024