As 2026 approaches, Singapore employees can expect moderate salary increases averaging 3 to 6 percent, as companies take a cautious approach amid ongoing economic uncertainty. According to a survey by ManpowerGroup and other HR firms, bonuses are also moderating, with more employers offering just one month or smaller payouts. Job switchers, however, can expect higher increases of 5 to 15 percent.

On The Big Story, Hongbin Jeong spoke with DrEe Cheng Ong, Associate Professor, Department of Economics at NUS to find out which sectors are benefiting most from these salary trends and how companies are deciding where to allocate higher pay increases. 

As 2026 approaches, Singapore employees can expect moderate salary increases averaging 3 to 6 percent, as companies take a cautious approach amid ongoing economic uncertainty. According to a survey by ManpowerGroup and other HR firms, bonuses are also moderating, with more employers offering just one month or smaller payouts. Job switchers, however, can expect higher increases of 5 to 15 percent.
On The Big Story, Hongbin Jeong spoke with Dr Ee Cheng Ong, Associate Professor, Department of Economics at NUS to find out which sectors are benefiting most from these salary trends and how companies are deciding where to allocate higher pay increases.&nbsp;

Your evening guide to the day's most important topics — navigate the key events in politics, business, markets, wealth management, and top investment opportunities. Keeps you informed and ahead of the curve, daily.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.