Singapore pay rises set to rebound to 2019 levels next year: Survey

Mercer Singapore said workers here can expect pay rises of 3.5 per cent next year. - ST

SINGAPORE (The Straits Times/Asia News Network): Expecting the global Great Resignation phenomenon to play out in full next year, employers in Singapore are reverting salary increments and payroll budgets to near pre-pandemic levels in a bid to hold on to their employees, as well as fill vacancies next year.

Publishing its Mercer's 2021 Total Remuneration Survey last Wednesday (Nov 17), Mercer Singapore said workers here can expect pay rises of 3.5 per cent next year, a hairline shy of 2019's 3.6 per cent.