More employees saw pay rise last year as growth in real wages picked up: MOM
The percentage of firms that raised wages in 2018 increased to 67 per cent from 65 per cent in 2017
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
MORE employees received wage increases last year, as the economy and labour market remained healthy.
Growth in real total wages - which accounts for inflation of 0.4 per cent - also picked up again after two consecutive years of slowing down. They rose by 4.2 per cent on average last year, up from 3.2 per cent in 2017, said the Report on Wage Practices released by the Manpower Ministry (MOM) on Wednesday.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities