(November 12 14:51) Sbr.com.sg
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.
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