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Employees likely to get slight pay rises this year

Those with in-demand skills can expect better opportunities, higher wages

Published on Jan 22, 2014 8:09 AM
 
-- ST ILLUSTRATION: BONG FORTIN

Employees can look forward to slight pay rises this year as firms continue to adopt a conservative approach, say new surveys out yesterday.

One from recruiter Hays found that 56 per cent of Singapore employers will raise salaries by 3 per cent to 6 per cent this year, similar to the 53 per cent figure in the same poll last year.

A raise of above 6 per cent will be given out by 17 per cent of employers, slightly more than the 14 per cent who gave pay rises of between 6 per cent and 10 per cent last year.

The findings came from 2,600 employers polled and job placements made by Hays across Asia, including Singapore and China.

 
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