Singapore wage growth to slow in 2016

Businesses are adopting a cautious outlook.

Wage increase in Singapore is set to slow down to 4% next year, according to a report by Korn Ferry Hay Group. This reflects a pullback from the 4.4% salary increase expected this year.

Taking into consideration the low inflation forecast, real wage increase is set to roll in around 3.7%.

In Asia, the report forecast that salaries should climb by 6.4%—a 0.4% pullback from last year. On the flip side, real wages are expected to show the highest rise globally by climbing 4.2%.

China, Vietnam, and Thailand lead the board for real wage increase with 7.3%, 6.3%, 6.1% respectively. Meanwhile, Hong Kong is expected to see a real wage increase of 1.4%.

On a global scale, pay increases combined with historically low inflation has resulted in forecast for real wage increase to reach 2.5%, the highest in three years.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.
The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.
If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia