Salary increments here to recover in 2021, 2022: recruitment firms
Employees in high demand could net raises of 20% or more when switching employers; hiring demand is seen as particularly strong in growth industries
Singapore
AFTER a lean 2020, employees in Singapore may expect salary increments to start approaching pre-Covid rates this year and next - while those in high demand could net raises of 20 per cent or more when switching employers, said recruitment firms.
Hiring demand is particularly strong in growth industries such as technology, financial services, and life sciences, they added.
TRENDING NOW
Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
‘Very low chance’ that US-Iran deal reverts energy flows to South-east Asia through Hormuz: Bloomberg Economics
Battle for Asia’s ultra-rich: ‘Singapore can’t afford to keep losing clients to Dubai, Hong Kong’