pstrongOnly two in 10 companies plan to increase salaries./strong/p pThe average monthly earnings in Singapore rose 5.8% QoQ in Q1 2024, reversing the 2.5% QoQ drop in Q4 2023./p pAverage monthly earnings increased despite fewer companies planning to raisea href="https://sbr.com.
The average monthly earnings in Singapore rose 5.8% QoQ in Q1 2024, reversing the 2.5% QoQ drop in Q4 2023.
Nomura said the increasing average earnings of Singaporean workers is"consistent with a robust economic recovery." Whilst fewer companies plan to raise wages, more plan to hire employees, which Nomura says hints at sustained wage pressure. "Still-rising labour costs and the improving growth outlook further support our long-held view that underlying inflation pressures will likely persist and that core inflation will remain sticky in the coming months," Nomura said....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
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