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Report: Report On Wage Practices 2018

This report examines employees’ wage changes and firms’ wage practices in 2018.​

Key findings: 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 key findings, please refer to the highlights of the report.





Released on: 29 May 2019

 

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Last updated on 28 May 2019 17:08:59
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