More than half of employers in S’pore raised salaries in 2012: report

SINGAPORE: More than half of the employers in Singapore increased salaries between 3 and 6 per cent in 2012, according to the 2013 Hays Salary Guide, and employers intend to do the same when they next review.

Ten per cent of employers implemented increases of more than 6 per cent while 5 per cent gave a raise of more than 10 per cent.

Twenty—six per cent chose to increase salaries by less than 3 per cent while 7 per cent did not give an increase at all.

Almost three quarters of employers across Asia believe the economy is likely to remain stable or strengthen.

Sixty—five per cent of employers in Asia also said their business activity increased in the past 12 months and 66 per cent expect it will increase in the next year.

Twenty—six per cent also indicated business activity would remain the same in the next 12 months while 8 per cent said they expect a decrease.

The 2013 Hays Salary Guide released on Tuesday reveals salary and recruiting trends for 1,200 roles across Hong Kong, China, Singapore, Malaysia and Japan.

The survey was based on a survey of 1,200 employers, as well as placements made by Hays.

— CNA/ck