Modest salary increases next year despite economic slowdown: Two surveys

The softening labour market is expected to dampen wage growth this year and next, compared with last year, as economic activity is likely to stay muted.
The softening labour market is expected to dampen wage growth this year and next, compared with last year, as economic activity is likely to stay muted.ST PHOTO: JASON QUAH

SINGAPORE - Workers in Singapore will likely see modest salary increases next year despite the economic slowdown this year, according to two survey reports published recently.

Professionals staying in their jobs can expect salary increments of between 1 per cent and 7 per cent next year, while those who switch jobs can expect a 5 per cent to 15 per cent raise, said recruitment firm Robert Walters on Wednesday (Nov 20).

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.