Singapore workers can expect only conservative pay rises this year and the forecast is less optimistic for 2014, said global management consultancy Hay Group. The report is based on a March 2013 survey, covering over 190 Singapore-based local and foreign-owned companies from both the private and public sectors. They were polled on their business sentiments, and salary and bonus projections for the next 12 months.
The average salary increase for 2013 is 4.7 per cent. For 2014, the forecast is 4.4 per cent.
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