Companies ‘cautious' on 2021 salary increments: survey

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No Projected overall salary increase for 2021 is at 3.5%. Many companies in Singapore are continuing to tread with caution on salary increments in 2021 as they navigate the impacts of COVID-19, according to Mercer’s annual Total Remuneration Survey. Heading into 2021, the survey showed that 25% of organizations will implement or continue salary freezes, whilst 3% have indicated they will implement salary reductions. These are in comparison to the 30% of companies that implemented salary freezes and 29% that made salary reductions this year. read more