Singapore workers to see 2.7% real pay increase next year: survey
The Salary Trends survey forecasts a nominal salary rise of 4%, which is before inflation of 1.3% for 2018
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WORKERS in Singapore can expect to see a real salary increase of 2.7 per cent in 2018, according to the latest Salary Trends survey by ECA International (ECA).
The figure factors in inflation, which the survey indicated to be approximately 1.3 per cent for the coming year. This means that wage-earners should expect to see a nominal salary increase of four per cent in 2018. "Over the past few years, inflation in Singapore has increased while nominal salary increases have stayed flat, which has had the effect of slowly eroding pay rises in real terms," said Lee Quane, ECA's regional director of Asia.
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