52 percent of Singapore workers are unsatisfied with their wages, while 45 percent feel they are underpaid in their current position.
56 percent of workers are expecting a salary increase this year.
This was reflected in the A People at Work 2023: A Global Workforce View report by HR firm ADP.
ADP APAC vice-president Yvonne Teo said that the implications of such expectations are substantial for employers to acquire and retain talents.
“Employers who aren’t in a financial position to offer decent pay rises may have to think creatively about how to appease staff in other ways, such as via offering greater flexibility or other benefits.”
Acknowledging that there are challenges, she Teo said:
“Employers have a difficult task weighing the clamour for higher pay against their own challenges around rising costs and tightening profit margins.” said
Salary remains the most important priority amongst Singapore workers.
Across countries in the Asia Pacific region surveyed, Singapore workers are the only ones who consider salary as the most important, with 69 percent of respondents here indicating so.
