Salary increases to average 3-6%: Hays Salary Guide

Singapore's workforce can expect an average salary increase of between three and six per cent this year, with half the employers surveyed for the 2012 Hays Salary Guide saying they would offer salary increases in that range.

A further 23 per cent will increase above six per cent, said Hays, a recruitment consultancy.

China is the stand-out in the region, where over 80 per cent of employers expect to increase salaries above six per cent. By comparison, in Japan, 98 per cent expect to offer six per cent or less.

Regional director of Hays in Singapore Chris Mead said in the next 12 months, 64 per cent of employers expect business activity to increase and 41 per cent expect their permanent staff levels to increase.

As for bonuses, 54 per cent of employers intend to award a bonus to more than 50 per cent of staff, down 10 per cent year-on-year.

On the upside, the percentage of employers offering benefits to their staff has inched up to 81 per cent from 78 per cent year-on-year. Among the popular benefits offered - health, life assurance, pension and car or car allowance.

ORIGINAL SOURCE
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