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Dear employees: Salaries in Singapore set to rise by 4% next year
Check out which country in Asia will barely increase salaries.
With low inflation expected to persist in the city-state, a salary increase by 4% is likely in Singapore next year, a survey released by professional services company Willis Towers Watson. This compared to an average of 5.9% across the Asia-Pacific region.
Amongst its Asian peers, Pakistan is forecasted to rise the most by 10.2% while Japan is seen to post the smallest adjustment at 2.3%.
Other countries in the region expected to raise salaries the most are Bangladesh and India (10%), Vietnam (9.6%), Indonesia (9%), and China 7%.
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