As the economy and labour market improved, wage growth was higher in 2018 compared to 2017, even after accounting for inflation. Total wages (including employer CPF contributions) among employees in the private sector grew by 4.6% on average in 2018, higher than the 3.8% in 2017. After accounting for inflation, real total wage growth was 4.2% in 2018, higher than the 3.2% in 2017. Establishments’ practices on wage increases and variable payments were aligned with the 2018/2019 National Wages Council’s (NWC) recommendations.
For more information, please refer to the full Report On Wage Practices 2018
Released on: 29 May 2019
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Release: 06 Jun 2019
Release: 29 May 2019
Release: 30 May 2018
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