Only 1 in 10 employers in Singapore don’t intend to award raises in the coming year

SINGAPORE (March 21): In spite of an increasingly challenging economic outlook for the year, nearly half (46%) of Singaporean employers are still expecting to award salary increases of between 3-6% during their next salary review.

This is according to the 2017 Hays Asia Salary Guide, which draws on research from more than 3,000 employers representing six million employees to highlight salary and recruiting trends in China, Hong Kong, Japan, Malaysia and Singapore.

The guide also indicated that 8% of employers in Singapore plan to award increases from between 6-10%; 3% plan to award over 10%; 34% will look to award up to 3%; and 9% will award no increase.

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