Global management consultancy Hay Group released a report on Dec. 3 stating that Singaporeans can look forward to a moderate pay-rise this year, in light of the strong economic growth of 3.5 to 4 percent as reported by the Ministry of Trade and Industry (MTI).
According to Market Remuneration Survey, the actual average salary increase for 2013 is similar to 2012 at 4.9 percent while the forecasted average salary increase for 2014 is at 4.4 percent.