Private sector wage growth slowed to 4.9% in 2014

Compared to 5.3% in 2013.

Overall wage growth in the private sector slowed to 4.9% in 2014, according to the Ministry of Manpower’s Report on Wage Practices.

This pace is slower than the 5.3% wage growth recorded in 2013. However, real total wages including employer CPF contributions rose at a faster pace of 3.9% in 2014 on back of lower inflation.

The report showed that the proportion private establishments who employed low-wage workers that gave wage increases eased to 59% last year, compared to 77% in 2013.

The MoM said that the proportion of full-time resident employees earning a monthly basic salary of up to $1,000 is estimated to have decreased from 9.8% in 2012 to 6.8% in 2014.

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