SURVEY: SALARIES IN SINGAPORE TO RISE BY 4.5% IN 2015

According to the Asia Pacific Salary Budget Planning Report, salaries in Singapore are expected to increase by 4.5% same as in 2014.

The report which was compiled by Towers Watson’s Data Services Practice revealed that in real terms after factoring annual inflation, salaries in Singapore will rise 4.4 %. The salary increase budget for 2016 is expected to increase 4.5%.

Mr Sambhav Rakyan, Data Services practice leader, Asia Pacific at Towers Watson said: “The Singapore Government has been sticking to a tight monetary policy to keep the lid on inflation. Its policy to stabilise property prices has also helped curb inflationary pressures”.

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