Here are the top 3 sectors with the highest pay hikes in 2013

One of them pocketed 5.7% wage increase.

According to Hay Group, the top three sectors with the highest average salary increases in 2013 are Life Sciences/Pharmaceuticals and Services (5.7 percent), Utilities (5.3 percent) and Oil & Gas (5.1 percent).

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Mr Victor Chan, Regional General Manager (Singapore and ASEAN) for Productized Services, Hay Group, said, “Organisations are feeling the need to manage business cost in a slower economic environment this year and a substantial part of operating business in Singapore is managing the cost of employment.”

He added that this was a top business priority for nearly a quarter of the surveyed organisations (24 percent) when asked about their organisation’s key business focus this year.