pstrongspanspanspanspanspanspanAbout 17.9% of employers anticipate maintaining the same salary levels./span/span/span/span/span/span/strong/p pspanspanspanspanspanspanEmployers in Singapore are adopting more conservative approaches towards salary increases compared to the previous year.
Employers in Singapore are adopting more conservative approaches towards salary increases compared to the previous year. A significant portion of companies intend to increase salaries by up to 3%, while 37.7% plan to raise salaries by 3-6%.
The percentage of employers expecting to give raises exceeding 6% has decreased compared to the previous year, according to 2024 Hays’ Asia Salary Guide.Only 17.9% of employers anticipate maintaining the same salary levels, which is slightly higher than the previous year's figure. There is also a decline in the proportion of employers planning to provide bonuses in 2024 compared to 2023 .
The percentage of employees expecting to take a pay cut has also decreased slightly. Most employers in Singapore anticipate maintaining permanent staff levels, with 30.1% expecting an increase. A smaller proportion plan to hire more contract staff in 2024....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
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