Sluggish salary growth fails to keep pace with tight talent market

Only 13% of employees can expect increases above 6%.

Salary growth in Singapore is failing to keep pace with the tight talent market, a report by Hays revealed today.

According to the 2015 Hays Asia Salary Guide, released today, just 13 per cent of employees in Singapore can expect a salary increase of 6 per cent or more.

Meanwhile, 6% of employees will have no salary increases at all, while 22% of workers should expect their salaries to increase by less than 3%.

The vast majority of employees, or 59%, should expect their salaries to increase from 3% to 6% this year.

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