Singapore Family Offices Face Talent Risks as Pay Opacity Persists

Singapore family office talent risks are increasing as opaque pay structures and weak benchmarking make it harder to retain professionals in areas such as technology, AI and cybersecurity, according to a report by 101 finance.

The report said Singapore’s family-controlled corporate landscape and lack of specific shareholder inspection rights helped sustain opaque pay practices, while firms were more vulnerable to poaching as employees compared compensation with more transparent sectors.

It added that reactive pay rises, persistent equity gaps and limited external scrutiny could deepen retention challenges.

The Singapore family office talent risks report said regulatory pressure and wider use of compensation benchmarks may force firms to rethink pay structures and governance.