The table below compares annual salaries in the four cities in which Cogs has offices, quickly and easily:
|Job Title||London (£s)||Berlin(euro)||Hong Kong(HK dollars)||Singapore(S dollars)|
|Junior Project Manager||28,000||45,000||295,000||40,000|
|Senior Project Manager||55,000||60,000||345,000||72,000|
|Head Project Manager||95,000||80,000||578,000||102,000|
|Creative & Design|
|Junior Strategic Planner||30,000||35,000||260,000||50,000|
|Senior Strategic Planner||63,000||60,000||555,000||92,000|
|Senior Account Manager||55,000||55,000||295,000||65,000|
A Tale Of Four Cities
At Cogs, we match people and jobs – but we know that in order to provide the best possible service, we need to do more than that. We know information on the diversity of markets, lifestyles, and resources is an important factor when bringing people together.We’re successful because we strive to create long term relationships, building permanent careers in prominent businesses.
With offices in four countries, we can bring a wealth of useful information to both clients and candidates.The way of life, and indeed the costs, of day-to-day living vary considerably between London, Berlin, Hong Kong, and Singapore.
In the United Kingdom, most people may earn £10,000 before any tax is paid, and then 20% basic rate tax is paid on their first £31,865, with a 40% higher rate tax on taxable income between £31,865 and £150,000.
The Berlin jobs market currently shows a healthy demand for integrated roles, with high usage of the multi-screen experience, and an increasing need for strong social media skills. In fact, we are seeing a large requirement for people in social media and community management roles. As elsewhere, brands are expecting to see ‘likes’ and followers. Therefore, businesses are seeking out individuals who can create exciting and relevant content, and build social reputation to turn ‘consumers’ into regular followers of the brand.
Berlin is rather different in comparison with other European cities, as each of its central areas spread out considerably, reaching into the suburbs and so residents are usually well-connected with the U-Bahn underground railway, S-Bahn (above ground), or tram. The city is also home to 138 museums and more than 400 art galleries, 44 theatres, and three major opera houses.
Taxation and the costs of services are considered to be high in Germany, but there are, by law, excellent health and social security facilities. Berlin’s regulated housing market and large renting community puts it in top place for rent affordability, right across the world’s major cities.
Germany operates a sliding scale of personal taxation based on income. Those earning between 8,005 to 52,881 euros per annum will pay between 14% and 42% in taxation.
In Hong Kong, we see the demand for digital talent outstripping the supply. The Hong Kong market is mobile device driven, and we are aware of growth in service applications, gaming, and mobile marketing. The employment market in Hong Kong is therefore buoyant, so there is a resource gap in many businesses.
Renting costs in Hong Kong are generally eye-wateringly high, with the space available frustratingly small. Rent can seem exorbitant but, since taxes are so low, it is fair to say that the two factors balance each other.
Hong Kong’s public transport is clean, modern, and very reliable. The MTR (the subway/underground network) runs at regular intervals, and delays are rare. There is an abundance of taxis and the fares are considered to be cheap measured against London or New York.
However, taxation rates in Hong Kong are competitively low. They rise progressively, as one would expect, with higher salaries. However, the maximum one could expect to pay, even in the top tax bracket, is only 17%. Concepts familiar to American and European expatriates, such as sales tax, capital gains, and value-added tax, do not exist in Hong Kong.
Our experience of the market in Singapore shows a healthy demand for digital talent across the skills spectrum. We find a closer link between media and creative agencies in Singapore than elsewhere, with flexibility sought as client services and strategy combine. The increasing investment in digital has led to a shortage of roles such as social, analytics, and UX specialists.
A recent ‘Mercer Cost of Living’ survey shows Singapore to be the world’s eighth most expensive city in which to live. In Asia, it is the third most expensive city, behind Tokyo and Osaka, and ahead of Hong Kong. However, the ease of a lifestyle, with the ready option of domestic help, the general feeling of safety, high levels of education, and the multi-cultural nature of the population, continue to make Singapore a popular place to live. There is an excellent and well regarded MRT train system, and an efficient bus network. Taxis are also readily available and are inexpensive when compared with Europe and the United States.
It’s important to note that Singapore has very strict rules in relation to some aspects of day-to-day life. There are fines for ‘jaywalking’; no food or drink is allowed on public transport, and chewing gum is prohibited.
Taxation in Singapore is on a scale from zero on the first $20,000 earned, up to 20% on salaries over $320,000. However there are rebates and personal allowances, that will reduce the tax bill, according to one’s circumstances.
The table below compares the four cities in which Cogs has offices, quickly and easily:
|London (£s)||Berlin(euro)||Hong Kong(HK dollars)||Singapore(S dollars)|
|Average annual salary – Account Director||53,000||76,631||458,963||98,763|
|Average cost of a VW Golf||16,495||19,000||239,500||140,000|
|Average cost of a litre of gasoline||1.36||1.59||16.97||2.12|
|Average monthly rent*||1,500||600||16,205||3,600|
|Average monthly disposable salary after tax||1,752||1,815||19,277||3,932|
|Average annual mortgage rate||4.12%||2.95%||2.60%||2.45%|
|Average cost of monthly utilities**||145||180||1,332||193|
*One bedroom city apartment
**Includes electricity, heating, water, garbage disposal.
If you’re interested in a role in any of the locations mentioned please see all our current job vacancies.