A survey says many companies have moderated wage expectations

®Copyright MediaCorp
Many companies have moderated their expectations on wage increases, bonuses and recruitment plans compared to three months ago.
Due to increased uncertainty with an impending economic slowdown, slightly more companies have frozen wages.
The companies that have retrenched or are planning to retrench staff have also increased slightly.
This according to latest survey results conducted by the Singapore Human Resources Institute and Remuneration Data Specialists.
The basic wage increase in 2012 will average 4 percent for the full year, slightly lower than the 4.1 percent reported 3 months ago.
Engineering and related sectors are expected to pay the highest increase at 5 percent.
Electronics components trading will pay the lowest at 1.6 percent.
For next year, the basic wage increase is expected to remain at 4 percent.
Variable bonuses (excluding AWS) are expected to average 1.6 to 2 months this year, unchanged from 3 months ago.
Next year, these are expected to drop slightly to 1.5 to 1.8 months, slightly lower than that projected earlier.
For 2013, the total wage increase is expected to be 2.6 percent and with inflation expected to be around 3.5 to 4.5 percent, real wages are likely to drop by 0.9 to 1.9 percent.
On recruitment, 78 percent of companies hired or planned to hire staff this year lower than the 83 percent reported 3 months ago, and for 2013, only 56 percent are expected to hire.
This year, 12 percent of companies retrenched or plan to retrench staff more than the 8 percent of 3 months ago.
For 2013, due to economic uncertainty, most companies are not able to make any projection on retrenchment.
Some 140 companies took part in the survey in September.
MORE SINGAPORE NEWS
- Over 340 people arrested in islandwide anti-crime blitz
- More Allied Health Professionals joining hospitals, clinics
- Over 80 dragon boat teams slug it out at Marina Bay
- More restaurants in S'pore joining online food delivery portals
- Student arrested for selling forged medical certificates
- Singapore celebrates Vesak Day
- Eight youths arrested for rioting over staring incident
- NUS launches new business analytics degree programme
- New IT system for nursing homes helps cut down on manpower costs
- Lamborghini on fire
- NTU develops new stroke rehabilitation system
- Underground reservoirs could be S'pore's "fifth tap"
- Football: FAS calls off Causeway Challenge
- Two foreigners arrested for suspected illegal employment
- 10 fall prey to 'JB Lucky Draw' scam since April
- Man arrested for upskirt video
- Ex-colleagues testify at coroner's inquiry into Shane Todd's death
- Celebrities attend inaugural Social Star Awards
- Singapore economy surprises with 1.8% growth in Q1
- Documents come under scrutiny in City Harvest Church trial
Latest Photo Galleries on xinmsn
- Shared
- Viewed
NEWS VIDEOS
938LIVE SINGAPORE NEWS
sitemap
- Entertainment
- Asia Celeb News
- Hollywood Buzz
- Korean Buzz
- Celeb Interviews
- Celeb Bios
- Celeb Blogs
- Photo Galleries
- Music Reviews
- Movies
- xinFirst Webisodes
- TV Channels
- Channel 5
- Channel 8
- Channel U
- okto
- Suria
- Vasantham
- Radio
- 938LIVE
- 987FM
- Class 95FM
- Gold 90.5FM
- Lush 99.5FM
- Symphony 92.4FM
- Capital 95.8FM
- Love 97.2FM
- Y.E.S. 93.3FM
- Ria 89.7FM
- Warna 94.2FM
- Oli 96.8FM
- XFM 96.3FM
- Lifestyle
- Beauty & Fashion
- Food
- Going Out
- Health
- Relationships
- Travel
- Work Life
- Style
- Style:Men
- Style:Weddings
- Style:Living
- i-Weekly i周刊
- 8 DAYS
- Timepieces
- FHM
- Manja
- Mother & Baby
- Elle
- Postbox
- News
- Singapore
- World
- Regional
- Sci-Tech
- Weird
- Business
- News Videos
- Sports
- Local Sports
- BPL
- World Football
- Formula One
- NBA








 Queen Elizabeth II [PA](©PA)](http://sin.stb.s-msn.com/i/FA/55EA9FAEBCFF5D9AD3E4DA92462D4_h85_w116_m4_q80_cXAWQoYQT.jpg)








