Singaporeans' pay hike may moderate to 3% in 2020: study

Submitted By:  Clarist Zablan Case Study:  No Low inflation, tight labour supply and talent restrictions could keep salary high. The average real salary increase for Singaporean workers is expected to contract to 3% in 2020 from 3.3% in 2019, according to a study by research firm ECA International. This is based on a 4% expected nominal increase and a predicted inflation of 1%. Despite this, Lee Quane, ECA International’s regional director for Asia, said that Singaporeans can still expect a larger salary hike than that of its regional neighbours such as Hong Kong, Taiwan and Japan. read more