Talent & Tech Asia Summit 2024
human resources online

Tech companies in Singapore plan to increase salaries by 4% in 2019

Next year, employees in the technology industry can expect a bigger paycheck. Companies in Singapore reported a salary increase budget of 4% for 2019 according to new data from Radford, a division of the rewards solutions practice at Aon.

In other parts of Asia Pacific, salary increase budgets at technology companies are expected to increase, with the fast-growth, developing markets of China and India reporting the highest salary increase budgets at 7.8% and 10.5%, respectively.

Median overall salary increase budgets in APAC (highest to lowest)

India 2019 planned: 10.5% 2018 actual: 10.4%

China 2019 planned: 7.8% 2018 actual: 7.2%

South Korea 2019 planned: 4.8% 2018 actual: 4.6%

Singapore 2019 planned: 4.0% 2018 actual: 4.0%

Taiwan 2019 planned: 4.0% 2018 actual: 4.0%

Hong Kong 2019 planned: 4.0% 2018 actual: 4.2%

Australia 2019 planned: 3.3% 2018 actual: 3.4%

Japan 2019 planned: 3.0% 2018 actual: 2.8%

Follow us on Telegram and on Instagram @humanresourcesonline for all the latest HR and manpower news from around the region!

Free newsletter

Get the daily lowdown on Asia's top Human Resources stories.

We break down the big and messy topics of the day so you're updated on the most important developments in Asia's Human Resources development – for free.

subscribe now open in new window