Retail employees in Singapore set for 4.5% salary hike in 2016

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According to new findings by global professional services firm Towers Watson, retail employees are on track for a 4.5 per cent pay increase in 2016, higher than the 4.1 per cent jump they got this year. This will also be the largest wage increment of any sector here in 2016.
After retail, the next two sectors that will see healthy salary increases next year are the high-tech and professional services industries, which are expected to rise by 4.3 per cent and 3.9 per cent, respectively (up from 4 per cent and 3.7 per cent in 2015).
These latest numbers come a week after Towers Watson released its latest Asia-Pacific salary budget planning report, a bi-annual survey conducted in July involving 2,000 responses from 22 countries in the region.
Among the many sectors polled were automotive, chemical, financial services, energy and natural resources, media, pharmaceutical and health sciences.
Questions & Answers
Q.What is the projected salary increase for retail employees in Singapore for the coming year?
What is the projected salary increase for retail employees in Singapore for the coming year?
Retail employees in Singapore are projected to receive a 4.5 per cent pay increase in 2016. This figure is higher than the 4.1 per cent increase they experienced in the current year, making it the largest increment across all sectors.
Q.Which other sectors in Singapore are also expected to see healthy salary increases next year?
Which other sectors in Singapore are also expected to see healthy salary increases next year?
Following the retail sector, the high-tech and professional services industries are also set for significant salary increases. These sectors are expected to see rises of 4.3 per cent and 3.9 per cent respectively in the coming year.
Q.Which firm conducted the research on salary budget planning in the Asia-Pacific region?
Which firm conducted the research on salary budget planning in the Asia-Pacific region?
The findings on salary budget planning for the Asia-Pacific region were released by global professional services firm Towers Watson. Their bi-annual survey, conducted in July, gathered 2,000 responses from 22 countries.
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