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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%
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