MOM releases report on wage practices

More employees received a pay raise in 2018 due to an uptick in the economy

MOM releases report on wage practices

More employees received a salary increase in 2018 due to an uptick in the economy, based on the Ministry of Manpower (MOM)’s report released today (29 May).

Total wages were higher than in 2017. Overall, about 81% of employees received a pay raise in 2018, compared with 78% the year before.

The industries with the highest wage growth last year were financial and insurance services, and professional services. Those in manufacturing, food and beverage services and retail trade saw similar or moderated wage growth.

Recent articles & video

Has your employee handbook been updated?

Singapore employers urged to be clear on allowing remote work overseas

Israeli-Palestinian conflict: How addressing the issue can impact your organisation

Millennials had to 'slog ourselves to death' to get recognition

Most Read Articles

Middle managers unrecognised in addressing talent challenges: report

Attracting, retaining top talent go up on APAC employers' concerns

Singapore launches network for 'well-being champions'