In Focus
HR & EDUCATION | Staff Reporter, Singapore

Did you get your 8.5% wage increase?

If not, you may be losing out as new statistics show overall wages grew by 8.5% y-o-y in the first quarter.

Also, according to a report by the Monetary Authority of Singapore, total employment expanded by 23,700 in Q1 2011.

Meanwhile, the latest Business Expectations Survey revealed employers in financial services are the most optimistic, with almost 40% expecting to hire in the second quarter.

“Manufacturers also intend to add workers in Q2, with hiring likely to be concentrated in transport engineering, chemicals and precision engineering,” said the report.

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