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%