, Singapore

Survey says 4.5% salary hike awaits employees in 2013

Starting salaries were also up in 2012.

Mercer reported:

Companies across industries in Singapore are offering employees an average of 4.5 percent salary increase in 2013, report findings derived from Mercer’s Total Remuneration Survey 2012. This figure is similar to the increase reported in 2012.

Forecasts have been shaped by strong headwinds from advanced economies in the west and Singapore’s reliance on exports, which have resulted in a more cautious outlook in 2012 and 2013.

These survey findings reflect the responses of around 700 Singapore-based companies, surveyed over the month of August 2012. These companies represent eleven key industries/sectors. Nearly 70 percent are multi-nationals.

Starting salaries for fresh degree holders have been pretty flat over the last few years, but saw an average increase of 4 percent in 2012 from 2011.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.