Salaries are projected to rise in Singapore in 2025 despite economic uncertainties around the world. According to various reports, employees in Singapore could see pay rises between 2% and 5% in the coming year. Particularly, Mercer’s latest Total Remuneration Survey states that salaries could rise by an average of 4.1% in the city. Here’s what we know about the Singapore salary increments in 2025:
Singapore salaries increase 2025
Reportedly, there could be a 4.5% increase in salaries in key industries such as real estate, consumer goods, retail, and banking. Meanwhile, industries like aerospace, construction, and energy anticipate more moderate increases of 3.9% to 4.2%, while healthcare and education are expected to grow by 3.6% to 4% in Singapore in 2025.
The survey, which gathered data from more than 1,100 organisations across various sectors, highlights a strategic shift in how salary increments are being allocated in the city-state. For instance, employers only want to reward top performers and employees who have made a significant impact in the organization’s yearly goals.
This salary growth comes against the backdrop of the high cost of living in Singapore. In fact, Singapore’s cost of living remains one of the highest worldwide. Meanwhile, Singaporeans face some of the world’s highest medical bills and property prices. Therefore, these salary increments are unlikely to provide large levels of relief to workers in the city.
However, Singapore’s salary growth is still less than other Southeast Asian nations such as Indonesia and Vietnam, where salary increases are projected to exceed 6%, due to faster economic expansion and higher inflation rates. What do you think of the salary increments in Singapore?
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