KEY INSIGHTS
Amidst the strong economic recovery and a tight labour market in 2021, more employees received wage increases last year, and wages also grew at a faster pace than in 2020. There was broad-based wage increases across sectors, but the magnitude of increase varied due to the uneven recovery from the pandemic. Wage growth continued to exceed inflation, though the higher inflation in 2021 has dampened real wage growth.
Corrigendum Notice: The report has been updated with minor revisions to the figures by industry breakdown. The revisions did not result in changes on the analysis.
For more key findings, please refer to the highlights of the report.
Released on: 30 May 2022
