Salary hike to stay modest in 2025 for S’porean workers: Aon

The attrition rate rose to 16.7% YoY this year.

Singapore's salary growth is expected to stay modest at 4.4% in 2025, marking the lowest increase in Southeast Asia.

Aon’s 2024 Salary Increase and Turnover Study showed that Singapore and Thailand (4.7%) have the lowest budgeted salary increases in 2025

Meanwhile, salary increases in other parts of the region are projected at 6.7% for Vietnam, 6.3% for Indonesia, and 5.8% for the Philippines.

In Singapore, the consulting, business, and community services sector leads with a projected 5.7% increase, while other industries are more restrained.

The study also shows an increase in attrition rates in Singapore, rising slightly to 16.7% YoY in 2024, as companies grapple with talent retention challenges.

The consulting and business services sector sees the highest attrition, while technology maintains a steady rate of 15.1%.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia