Report: ​Report On Wage Practices, 2013

Employers gave higher wage increases, amid the tight labour market and improved economic conditions in 2013. More employers also adopted the National Wages Council’s recommendation to give built-in wage increase to low wages employees earning a basic monthly salary of up to $1,000. On wage flexibility, a large majority of employees in the private sector were under some form of flexible wage system in 2013, following the general uptrend in the implementation of flexible wage measures recommended by the tripartite partners in 2004.

This report examines the wage practices of employers in 2013, covering changes to their employees’ wages and the flexibility of their wage system in responding to changing economic conditions. Topics covered include total and basic wage changes, bonuses and wage flexibility.