Singapore Markets open in 1 hr 4 mins

4 out of 10 Singaporean employees did not receive a salary increment in 2017

jasmineh

4 out of 10 Singaporean employees did not receive a salary increment in 2017

FOR IMMEDIATE RELEASE

SINGAPORE, 23 April 2018 – According to the Job Outlook Report released by JobStreet.com, approximately 44 per cent of Singaporean employees did not receive any salary increment last year. The survey that involved 400 Singaporean employees across various industries is aimed at offering candidates and hirers insights on market trends and salary benchmarks.

infographic - job outlook

 

Top three company benefits employees want

The survey also found that health insurance, extended medical coverage for family and flexible working plans are the top 3 benefits that employees want. However, less than half of the employers surveyed currently offer either of these benefits. Employers can consider including these as a staff benefit to improve staff engagement and talent retention.

 

Job Outlook - Most desired company benefits icons

 

Improved sentiments about job market

The survey also revealed slight improvements in job-market sentiment amongst hirers and candidates. Candidates expressed hope that foreign and local companies will set up or grow their businesses in Singapore, which will in turn engender an expansion of manpower. Only five per cent of hirers expect a total hiring freeze, an improvement from last year’s 21 per cent, with intentions to hire mainly for replacing or filling essential positions.

- END -

About JobStreet.com

JobStreet.com is one of Asia’s leading online employment marketplaces that helps to facilitate the matching and communication of job opportunities between jobseekers and employers in Malaysia, Singapore, the Philippines, Indonesia and Vietnam. JobStreet.com currently services over 230,000 corporate hirers and over 15 million jobseekers in its database.

For more information, please visit www.jobstreet.com.

 

About SEEK Asia

JobStreet.com and jobsDB are part of SEEK Asia, which is the leading online employment market place in Asia. SEEK Asia covers 7 countries namely Hong Kong, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam.

 

SEEK Asia is the extension of the Australian Securities Exchange listed company called SEEK. The company’s purpose is to help improve people’s lives through a better career. SEEK Asia’s database consist of over 500,000 corporate hirers and over 24 million candidates.

For media enquiries, kindly contact:

Jaslyn Low                                                      Amanda Moo

HP: (65) 8608 4629                                       HP: (65) 9008 8627

Email: jaslyn@brand-cellar.com                    Email: amandamoo@brand-cellar.com

JobStreet Singapore