Average salary increase of 3-6% this year: Hays
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SINGAPORE: Singapore's workforce can expect an average salary increase of between three and six per cent this year, according to the 2012 Hays Salary Guide.
Released Monday, the 2012 Hays Salary Guide reveals salary and recruiting trends for 1,100 roles across Singapore, China, Hong Kong and Japan and was based on a survey of over 900 employers as well as placements made by Hays.
It found that 44 per cent of employers in Singapore increased salaries last year between three and six per cent. A further 21 per cent gave an increase above six per cent. But 28 per cent gave increases of less than three percent, while the final seven per cent gave no increase at all.
Looking ahead, 50 per cent of employers in Singapore intend to increase salaries between three and six per cent when they next review. A further 23 per cent will increase above six per cent.
But 22 per cent of employers intend to increase salaries less than three per cent and five per cent intend to offer no increases when they next review.
China is the stand out in the region, where over 80 per cent of employers expect to increase salaries above six per cent. By comparison, in Japan 98 per cent expect to offer six per cent or less.
Regional director of Hays in Singapore, Chris Mead said in the next 12 months, 64 per cent of employers expect business activity to increase and 41 per cent expect their permanent staff levels to increase.
Mr Mead added that candidates with in-demand skills and realistic salary expectations can be confident that this year will provide them with the opportunity to secure a challenging career move and a salary increase.
But he stressed that skills shortages will remain an ongoing issue. Almost all employers (95 per cent) believe that skills shortages will have the potential to hamper the effective operation of their business or development.
In skill-short areas, 66 per cent of employers said they would consider employing or sponsoring a qualified overseas candidate.
As far as bonus is concerned, 54 per cent of employers intend to award a bonus to more than 50 per cent of staff. That's down 10 per cent year-on-year.
On the upside, the percentage of employers offering benefits to their staff has inched up to 81 per cent from 78 per cent year-on-year. Among the popular benefits offered - health, life assurance, pension and car or car allowance.
- CNA/cc -
another langan own car report. with this type of report sgreans should be scared. i am willing to take lesser pay to stay competitive, becasue a lot of roegn labor can be cheaper , faster and BETTER. if the average sgreans salary increase - i fear many more jobs will be taken by cheaper labor leh
or did they calculate the salary increas like i quote below?
5 year ago- 5 sg worker each draw 1k pay. Ave pay - 1k per sg worker.
4 years ago - but 1 of them lost to another foreign worker who can take 800 dollars pay. The remainder 4 workers got 200 dollars raise so the new percentage result is 4 workers drawing 1.2k each is 1.2k average. this looks bad. now another foreign worker can do the same job for 900 bucks. so another 1sg worker lost his bowl of rice again. of the now 1.2k worker got the sack. the cycle goes on.
The worse scenario is, with the jobs lesser and lesser for sgreans, some top higher level sgreans in order to raise their own survival ratio willnot mind give another worker high high pay - so that in times of uncertainty that worker can go first
cheap trick, works everytiume until chaosng tactic already
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Sure pay can increase this year?
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no leh so got deduced , but can still afofrd to buy sharkfin soap to rinse asshole
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Some of our salaries depend on how high prices of public housing can go.
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......................too late to believe them even if they said 200% increment in salary even.
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Times are bad.