, Singapore
187 views
Photo from Freepik

COTD: 8 in 10 employers plan salary hikes of 3% or more in 2025

Majority plan to increase salaries by 3%-5%.

Eight in 10 employers in Singapore plan to increase salaries by 3% or more in 2025, according to Manpower Group's 2024/2025 Singapore Salary and Bonus Plans report.

 

The report found that the majority (56%) of employers planning salary increases aim to raise them by 3% to 5%.

However, this percentage dipped slightly compared to last year (56% vs. 57%).

Medium-sized companies, those with 50-249 employees, were the most likely (62%) to implement a 3%-5% salary increase, followed by micro-sized companies (60%).

Meanwhile, the proportion of employers planning to raise salaries by 5% to 7% increased from 19% to 20%, and those planning increases of 7% or more rose from 3% to 6%.

Very large companies with 1,000-4,999 employees were the most likely to raise salaries by 7% or more, at 10%.
 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!