Asia Pacific is expected to lead the way once again in terms of global salary increases for workers with a predicted average real increase of 1.9% across the region. This is higher than any other region, with the global real salary increase forecasted to be just 0.9% on average.
According to the latest Salary Trends Report by ECA International (ECA), workers in Singapore will see a higher increase to their salaries in 2022, with expected average salary increases of 3.5%.
After factoring inflation, which looks set to remain around the same levels as this year at 1.5%, employees in Singapore will see a real salary increase of 2.0% on average – up from 1.2% this year.
