A bit more money for the bank (or shopping)
Employees in Singapore can expect to receive on average a 4.5% salary increase in 2012 - higher than the 4.1% wage hike they received this year. This is according to the latest Salary Trends Survey by ECA International. With inflation expected to moderate next year, salaries of Singapore employees will be better off in real terms in 2012. When inflation, forecast to be 2.9% next year, is factored in, Singaporeans will experience a real wage increase of 1.6%, an improvement over the 0.4% real wage increase seen in 2011.
Nominal salary increase forecast rankings for Asia Pacific
| Asia Pacific rank 2012 | Global rank 2012 | Country |
| 1 | 3 | India |
| 1 | 3 | Vietnam |
| 3 | 7 | Indonesia |
| 4 | 8 | China |
| 5 | 12 | Philippines |
| 6 | 16 | Thailand |
| 7 | 17 | Malaysia |
| 8 | 18 | Korea Republic |
| 9 | 26 | Hong Kong |
| 9 | 26 | Singapore |
| 11 | 30 | Australia |
| 11 | 30 | Taiwan |
| 13 | 37 | New Zealand |
| 14 | 56 | Japan |
Real wage increase forecast rankings for Asia Pacific
| Asia pacific rank 2012 | Global rank 2012 | Country |
| 1 | 3 | China |
| 2 | 4 | India |
| 3 | 6 | Indonesia |
| 4 | 7 | Malaysia |
| 5 | 8 | Philippines |
| 6 | 9 | Japan |
| 7 | 15 | Taiwan |
| 8 | 24 | Korea Republic |
| 9 | 28 | Singapore |
| 10 | 32 | Thailand |
| 11 | 47 | Australia |
| 12 | 48 | New Zealand |
| 13 | 55 | Hong Kong |
| 14 | 56 | Vietnam |
Amit Puri - Managing Consultant, Sandbox Advisors
Amit is an experienced career, business and HR professional. Previously, he has worked with organisations such as Bain & Company, Morgan Stanley and Citigroup. Amit has advanced degrees/qualifications in Career Counselling, Organisational Psychology & HR, Occupational Psychometrics, Career/Life Coaching & Business.
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