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Most Singapore workers see salaries increase

Most workers in Singapore have had a pay increase in 2011, according to a survey. (AFP)
Most workers in Singapore have had a pay increase in 2011, according to a survey. (AFP)

More than 82 percent of workers in Singapore experienced a rise in pay in 2011, according to a global survey by Robert Walters.

Results from the survey of 3,200 professionals reveal that 40 percent received a pay rise of between 1 to 5 percent, 20 percent received between 6 and 10 percent, 14 percent received between 11 and 20 percent and 8 percent received more than 21 percent increases.

According to The Straits Times, Andrea Ross, managing director at Robert Walters Singapore and Malaysia, said that the finding was not surprising after Singapore's strong economic growth in 2010.

She also said that the non-financial services industry saw the highest salary increase in 2011, as financial sector salaries already had a sharp increase in 2010.

Ross added that one other reason for the trend was companies focusing more on retaining their top talent by providing attractive salaries.

In the international arena, the highest pay rises came from Asian economies according to the survey -- 45 percent of respondents from China, 26 percent in Thailand, 24 percent in Malaysia, and 22 percent in Singapore received salary increases greater than or equal to 10 percent.

On the other hand, there was no increase in pay for the majority of professionals working in the western nations in 2011 -- 65 percent in Ireland, 49 percent in New Zealand, 39 percent in Belgium and 35 percent in Australia.