© EON Consulting & Training Pte Ltd
Reg. No.: 201301501N
| Singapore 2020 Salary Forecast | |||
|---|---|---|---|
| Sources | Estimated Increase in Salary | Estimated Inflation Rates | Estimated Increase in Real Wages |
| ECA International | 4.0% | 1.0% | 3.0% |
| Korn Ferry | 4.0% | 0.4% | 3.6% |
| Willis Towers Watson | 4.0% | 1.0%* | 3.0% |
| Mercer LLC | 3.7% | 1.0%* | 2.7% |
| Average | 3.93% | 0.85% | 3.08% |
| * Note: The figure is estimated based on the average of CPI-all items inflation rate projection (0.5% – 1.5%), as indicated in Monetary Authority of Singapore (MAS) Monetary Policy Statement – October 2019. |
© EON Consulting & Training Pte Ltd
Reg. No.: 201301501N