Are you curious about how much an operations manager makes in Singapore? If you’re considering a career in operations management or just want to know what to expect from your current role, you’ll be pleased to know that operations managers in Singapore are well-compensated.
According to recent salary data, the average pay for an operations manager in Singapore is around S$68,000 per year. However, this figure can vary depending on a number of factors, including your level of experience, the industry you work in, and the size of the company you work for.
If you’re interested in learning more about the salary range for operations managers in Singapore, keep reading. We’ll explore the factors that can affect your pay as an operations manager, as well as some of the top industries and companies that offer the highest salaries in this field.
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Operations Managers in Singapore are well-compensated, with an average salary around S$68,000 per year. This can vary significantly based on experience, industry, and company size.
Entry-level managers can expect S$4,700 to S$7,000 monthly, while senior managers can reach S$17,000.
The more experience you have, the higher your earning potential.
For a more specific idea of salary range, check out the sections on Salary Insights for Operations Managers and Career Progression and Salary Growth.
Overview of Operations Manager Role in Singapore
As an Operations Manager in Singapore, you will be responsible for overseeing the day-to-day operations of a business or department. This can include managing staff, monitoring budgets, and ensuring that clients are satisfied with the services or products provided.
Key Responsibilities
Your key responsibilities as an Operations Manager in Singapore will include developing and implementing operational strategies to achieve business goals, managing and motivating staff, and ensuring that all operations are running smoothly and efficiently. Additionally, you will be responsible for monitoring budgets and financial performance, as well as identifying opportunities for growth and improvement.
As an Operations Manager, you will need to have excellent communication and leadership skills, as you will be working with a range of stakeholders, including clients, sales teams, and manufacturing staff. You will also need to be able to think creatively and strategically, in order to identify and implement innovative solutions to complex problems.
Industries and Sectors
Operations Managers are in high demand across a range of industries and sectors in Singapore, including logistics operations, healthcare, and manufacturing. In the logistics industry, for example, Operations Managers are responsible for overseeing the movement of goods and materials, ensuring that they are delivered on time and within budget. In the healthcare sector, Operations Managers are responsible for managing the day-to-day operations of hospitals and clinics, ensuring that patients receive the highest quality care.
In the manufacturing sector, Operations Managers are responsible for overseeing the production process, ensuring that products are manufactured to the highest quality standards, and that they are delivered to customers on time and within budget.
Salary Insights for Operations Managers
If you are considering a career as an Operations Manager in Singapore, you might be wondering about the compensation you can expect. In this section, we will explore the average salary and compensation for Operations Managers, salary variations by experience, and comparing salaries across locations.
Average Salary and Compensation
According to PayScale, the average salary for an Operations Manager in Singapore in 2024 is S$68,241 per year. This includes base salary, bonuses, profit sharing, and commissions. However, the total pay can range from S$25k to S$189k per year.
On the other hand, Glassdoor estimates the average salary for an Operations Manager in Singapore to be SGD 8,600 per month, with additional cash compensation ranging from SGD 1,500 to SGD 6,000.
Salary Variations by Experience
Your experience level as an Operations Manager can significantly impact your salary. JobStreet reports that an Operations Manager with less than one year of experience can expect an average salary of S$4,700 to S$7,000 per month. However, with five to nine years of experience, the salary range increases to S$7,000 to S$12,000 per month.
Comparing Salaries Across Locations
While Singapore is a great place to work as an Operations Manager, it is worth noting that salaries can vary depending on the location. For example, Glassdoor reports that the average salary for an Operations Manager in Singapore is $9,800 per month, while in East Asia, the average salary is $8,000 per month.
Influencing Factors on Earnings
If you’re considering becoming an Operations Manager in Singapore, you’re probably wondering how much you can expect to earn. The truth is, there are several factors that influence your earnings as an Operations Manager. In this section, we’ll explore some of the most important factors that determine your salary.
Impact of Education and Degrees
Your level of education can have a significant impact on your earning potential as an Operations Manager. While a bachelor’s degree is usually the minimum requirement for this position, having an advanced degree can increase your chances of earning a higher salary. According to PayScale, Operations Managers with a Master of Business Administration (MBA) degree can earn up to 25% more than those without one.
Experience Level and Income Potential
As with most jobs, your experience level can have a significant impact on your income potential as an Operations Manager. Entry-level Operations Managers can expect to earn around S$45,000 per year, while those with more experience can earn upwards of S$120,000 per year. According to Glassdoor, the average salary for an Operations Manager in Singapore with 1-3 years of experience is around S$60,000 per year, while those with 10+ years of experience can earn up to S$150,000 per year.
Role of Bonuses and Additional Benefits
Bonuses and additional benefits can also play a significant role in your overall earnings as an Operations Manager. Many companies offer performance-based bonuses, which can add several thousand dollars to your annual salary. In addition, some companies offer benefits such as health insurance, retirement plans, and stock options, which can significantly increase your overall compensation package.
Tip: Unlock Higher Earning Potential as an Operations Manager in Singapore
Did you know Operations Managers in Singapore can earn over S$143,247 per year? That’s more than double the average salary! Here’s the key: your experience level, industry, and company size significantly impact your earnings. Level up your skills and target high-paying sectors to maximize your income potential!
Career Progression and Salary Growth
As an Operations Manager in Singapore, your salary will likely increase as you gain more experience and take on more responsibilities. Here are some things to keep in mind as you progress in your career:
From Entry-Level to Senior Manager
When you first start out as an Operations Manager in Singapore, you can expect to earn around $4,700 to $7,000 per month, according to Jobstreet. However, as you gain more experience and move up the ranks, your salary can increase significantly. For example, a Senior Operations Manager can earn up to $17,000 per month, according to Glassdoor.
Promotions and Career Moves
One way to increase your salary as an Operations Manager in Singapore is to seek out promotions and career moves. For example, you could aim to become a Head of Operations or an Assistant Manager, which can come with a higher salary and more responsibilities. Keep in mind that promotions may require additional training or managing experience.
Change of Employer and Salary Negotiations
Another way to increase your salary as an Operations Manager in Singapore is to change employers. When you switch jobs, you may be able to negotiate a higher salary based on your experience and skills. However, keep in mind that changing employers too frequently may raise red flags with potential employers.
Operational Budget and Staff Management
As an operations manager in Singapore, you will be responsible for managing budgets for business operations and staffing and personnel supervision. This is an exciting opportunity to make a significant impact on the success of your organisation.
Managing Budgets for Business Operations
One of your key responsibilities as an operations manager is to manage the budget for business operations. This includes creating and maintaining a budget, monitoring expenses, and ensuring that your team is staying within the budget. To effectively manage your budget, you should:
- Create a detailed budget that outlines all expenses and revenue streams.
- Monitor expenses regularly to ensure that you are staying within budget.
- Identify areas where you can cut costs without sacrificing quality.
- Work with other departments to ensure that everyone is on the same page when it comes to spending.
By effectively managing your budget, you can help your organisation save money and increase profits.
Staffing and Personnel Supervision
Another critical responsibility of an operations manager is staffing and personnel supervision. You will be responsible for hiring and training new employees, as well as managing the performance of your team. To effectively manage your staff, you should:
- Develop clear job descriptions and performance expectations.
- Provide ongoing training and development opportunities.
- Regularly review employee performance and provide feedback.
- Address any issues or conflicts that arise in a timely and professional manner.
By effectively managing your staff, you can ensure that your team is working efficiently and effectively to meet the needs of your organisation. This includes managing full-time staff as well as any contractors or temporary employees that may be necessary to meet your business needs.
Additional Earnings and Work Hours
As an Operations Manager in Singapore, you have the potential to earn more than just your base salary. Here are some ways that you can maximise your income and understand your overtime pay.
Understanding Overtime Pay
As an Operations Manager, you may be required to work beyond your normal working hours. In Singapore, overtime pay is typically calculated as 1.5 times your hourly rate for every hour worked beyond your normal working hours. This means that if your normal hourly rate is £10, you would earn £15 per hour for each hour of overtime worked.
It’s important to note that there are certain eligibility criteria for overtime pay. For example, you must be a non-workman earning a basic salary of less than $2,600 per month. Additionally, you must not be a manager or executive with the authority to hire, fire, or make decisions that affect the employment status of other employees.
Maximising Income with Extra Hours
If you’re looking to maximise your income as an Operations Manager in Singapore, you may want to consider working extra hours. In addition to receiving overtime pay, you may also be eligible for other types of compensation, such as bonuses or commissions.
Before committing to extra hours, it’s important to consider the impact on your work-life balance. Working long hours can be stressful and may lead to burnout. It’s important to set boundaries and take breaks to avoid overworking yourself.
Frequently Asked Questions
What’s the going rate for an Operations Manager in Singapore’s bustling market?
As of April 2024, the average salary for an Operations Manager in Singapore is between S$68,241 and S$143,247 per year [1]. The actual salary range will depend on the industry, company size, experience, and skillset.
Can you believe the earnings of a Senior Operations Manager in Singapore’s dynamic business scene?
Yes, it’s true that Senior Operations Managers in Singapore can earn a substantial amount of money. According to Glassdoor, the average salary for a Senior Operations Manager in Singapore is S$120,000 per year [1]. This figure is likely to be higher for those with more experience and a proven track record of success.
What’s the typical monthly take-home for an F&B Operations Manager in Singapore’s vibrant food industry?
The salary for an F&B Operations Manager in Singapore’s food industry can vary depending on the company and level of experience. According to Jobstreet, the average salary for an Operations Manager in the F&B industry is S$4,500 per month [1]. This figure is likely to be higher for those with more experience and a proven track record of success.
Curious about the salary for a School Operations Manager in Singapore’s educational institutions?
The salary for a School Operations Manager in Singapore’s educational institutions can vary depending on the level of experience and the institution. According to Glassdoor, the average salary for an Operations Manager in the education industry is S$5,000 per month [1]. However, this figure can be higher for those with more experience and a proven track record of success.
What are the earnings like for a Retail Operations Manager in Singapore’s thriving shopping sector?
The salary for a Retail Operations Manager in Singapore’s shopping sector can vary depending on the company and level of experience. According to Payscale, the average salary for an Operations Manager in the retail industry is S$60,000 per year [1]. However, this figure can be higher for those with more experience and a proven track record of success.
Just how much does a Head of Operations in Singapore’s corporate world pocket each year?
The salary for a Head of Operations in Singapore’s corporate world can vary depending on the company and level of experience. According to Glassdoor, the average salary for a Head of Operations in Singapore is S$180,000 per year [1]. However, this figure can be higher for those with more experience and a proven track record of success.
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