A Singapore Government Agency Website
This report examines employees’ wage changes and firms’ wage practices in 2017.
As the economy picked up, a larger proportion of establishments raised wages, leading to more employees receiving wage increases. The average wage increases for this group of employees was higher in 2017. In addition, the proportion of profitable establishments declined at a slower pace than the previous three years. Total wages grew faster in 2017 compared to 2016. However, after accounting for positive inflation, real wage increase moderated.
For more key findings, please refer to the
highlights of the report.
Released on: 30 May 2018