SG employees to see 3.5% salary increase in 2022

Meanwhile, real salary increase rates across the APAC region are forecast to be 1.9%.

Workers in Singapore will see a higher increase in their salaries in 2022, with expected average salary increases of 3.5%, according to ECA International's Salary Trends Report.

After factoring in inflation, set to remain around the same levels as this year at 1.5%, employees in Singapore will see a real salary increase of 2.0% on average, up from 1.2% this year.

"We are forecasting that just 6.0% of companies based in Singapore will implement a pay freeze in 2022, significantly down from the 22.0% that put in a pay freeze this year. This all points to a much-improved outlook for workers in Singapore as the economy gradually recovers from COVID-related restrictions and uncertainty," added Asia regional director Lee Quane.

As in previous years, the Asia Pacific region is expected to lead with salary increases for workers again. The predicted average real increase is 1.9%, higher than any other region, with the global real salary increase forecasted to be just 0.9% on average.

Follow the link for more news on

ECA International

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