Real wages grew 3.2% in 2024 compared with 0.4% in 2023 as inflation eased: MOM

Real wages in Singapore up 3.2% in 2024 but fewer firms plan increases this year: MOM

Ongoing geopolitical tensions and global trade uncertainties are weighing on business sentiments, MOM said. Read more at straitstimes.com.

Wages in Singapore grew 3.2% in 2024, fewer firms planning increase in 2025

SINGAPORE (Reuters) -Real wages in Singapore grew 3.2% in 2024 compared to 0.4% in 2023, government data on Wednesday showed. However, the share of firms planning wage increases going forward has declined to 22% in March compared to 32% in December 2024 because of geopolitical tensions and global trade uncertainties, according to a survey by the manpower ministry. (Reporting by Xinghui Kok; Editing by Muralikumar Anantharaman)

Real wages grew 3.2% in 2024 compared with 0.4% in 2023 as inflation eased: MOM

Wage increases in 2025 may be affected by downside risks from geopolitical tensions and global trade uncertainties, says the Manpower Ministry.

MOM: 3.2% real wage growth in 2024 as inflation eased

SINGAPORE: A report published by the Ministry of Manpower (MOM) on Wednesday (May 28) showed that wages in Singapore have continued to grow, having gone up by 5.6 per cent last year. In comparison, wages went up by 5.2 per cent in 2023. The MOM also noted that the labour market remained tight in 2024. […] The post MOM: 3.2% real wage growth in 2024 as inflation eased appeared first on The Independent Singapore News - Latest Breaking News

Singapore’s real wages rise at faster rate of 3.2% in 2024; more firms give salary bumps: MOM

Real wage growth in Singapore rose at a faster pace of 3.2 per cent in 2024 as nominal wage growth outpaced inflation, data from the Ministry of Manpower (MOM) showed on Wednesday (May 28).