Nearly 9 in 10 Singapore employees anticipate pay hikes by next year

How much are they expecting?

In a release, global talent solutions company Hudson announced the findings of their annual Singapore remuneration report Salary & Employment Insights 2014.

According to the report, salary expectations are the other key driver affecting the big increase in intentions for employees to change jobs. 86.0% (nearly 9 in 10) of employees expect an increase in salary next year, with 19.4% wanting an increase in excess of 10%.

Salary is clearly the most influential factor when looking for a new job, with 43.3% citing it as the most important aspect, followed by working for an organisation with values the employee believes in (10.3%).

Salary is also a major influencing factor when an employee is deciding whether to stay in their current role for the next 12 months, with 30.7% citing increased salary/benefits as most important, behind a clear career path, and prospect of promotion (36.9%).