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ASEAN startups pay more for sales jobs to chase cash, study finds

SINGAPORE -- Southeast Asian startups' salaries for new hires in business development and sales have risen by as much as 20%, according to an annual report published Thursday, reflecting young companies' urgent need to generate cash amid a tougher funding environment. 

Average salaries for business development and sales increased more than those for four other key roles-- engineering, marketing, data and product development -- in 2023, up by an average of 2% from a year earlier, according to the Singapore-based staffing platform Glints and the venture capital firm Monk's Hill Ventures.