A Singapore Government Agency Website
This report examines employees’ wage changes and firms’ wage practices in 2018.
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.
In-lieu of the Report on Wage Practices, for data on annual wage change and bonuses for 2019, you may refer to Manpower Statistics in Brief, Singapore Yearbook of Manpower Statistics and Tables for Annual Wage Changes 2019.
