Pay Hike to Benefit Singapore Economy
Company registration specialist Rikvin is optimistic that industries’ move to increase
salaries will create a win-win situation for employees as well as employers and in
turn, benefit the city-state s economy in the...
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Pay Hike to Benefit Singapore Economy
Company registration specialist Rikvin is optimistic that industries’ move to increase
salaries will create a win-win situation for employees as well as employers and in
turn, benefit the city-state s economy in the near to medium term.
A recently published online survey, conducted by human resources consultancy
Towers Watson has found that employers in Singapore are planning to increase
wages by an average of 4.
5% this year.
The findings come just days before the muchanticipated unveiling of the latest wage guidelines by the Singapore’s National
Wages Council.
Singapore Company Registration specialist Rikvin is optimistic that this move will
create a win-win situation for employees as well as employers and in turn, benefit
the city-state’s economy in the near to medium term.
Rikvin also sees this move as
complementary to government efforts to tackle inflation.
According to the survey that was conducted in 18 Asia Pacific countries between
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