SALARY PAY RISE TRENDS
Singapore – More than eight in 10 Singaporeans, particularly those in the non-financial services industry, have received a pay rise at the start of this year.
According to data released by recruitment consultancy Robert Walters today, 40% of 752 local respondents received a pay rise of between 1% and 5%. A fifth received an increment of between 6% and 10%.
Additionally, 14% of Singaporean professionals received between 11% and 20%, and 8% received an increment of more than 21%.
Andrea Ross, managing director for Robert Walters in Singapore and Malaysia, said the salary increments could be due to more organisations trying to retain their staff.
Within Asia, the highest pay rises came from China, where 45% of respondents received an increment of more than 10% this year, followed by 26% in Thailand and nearly a quarter in Malaysia. The percentage of respondents from Hong Kong who received a rise of more than 10% was slightly under a fifth.
These figures are significantly higher than those in the UK, where only 16% of respondents received a pay rise of more than 10%.
Overall, two fifths of global respondents reported an increment of between 1% and 5%, 17% received between 6% and 10%. Another 9% received between 11% and 20%, and 7% received more than 21%.
Globally, countries where a majority of surveyed professionals did not receive a rise at all included Ireland (65%), New Zealand (49%) and Australia (35%).
Around 3,200 professionals around the world responded to the survey.
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