Report: Report On Wage Practices 2016

This report examines employees’ wage changes and firms’ wage practices in 2016, including the extent to which they have adopted the National Wages Council’s recommendations.

Key findings: Fewer firms were profitable in 2016 compared to 2015. As the majority of firms had put in place some form of flexible and performance-based wage system that gave flexibility to adjust wages according to business conditions, total wage increase continued to moderate. The proportion of employers that gave wage increases to their employees also fell in 2016, resulting in a slightly lower proportion of employees with an increase in total wage.

For more key findings, please refer to the highlights of the report.