© EON Consulting & Training Pte Ltd
Reg. No.: 201301501N
| Singapore 2021 Salary Forecast | |||
|---|---|---|---|
| Sources | Estimated Increase in Salary | Estimated Inflation Rates | Estimated Increase in Real Wages |
| ECA International | 3.00% | 0.30% | 2.70% |
| Willis Towers Watson | 4.00% | 0.50%* | 3.50% |
| Mercer LLC | 3.50% | 0.50%* | 3.00% |
| Average | 3.5% | 0.43% | 3.07% |
| * The figure is estimated based on the average of CPI-all items inflation rate projection (0% – 1%), as indicated in Monetary Authority of Singapore (MAS) Monetary Policy Statement – October 2020. |
© EON Consulting & Training Pte Ltd
Reg. No.: 201301501N