Wages in Singapore grew at a slower pace last year - with nominal total wages growing by 5.2 per cent, down from 6.5 per cent in 2022.

Recent data by the Ministry of Manpower also found that a slightly higher share of firms cut pay and bonuses in 2023.

But taking a deeper look - what drives you when you hunt for that job? Salary or job satisfaction? And is it possible to have a good balance of both, under current economic conditions, and what resulting effect will that have on businesses?

On this episode of Morning Shot, we find out from Sumit Agarwal, Professor of Finance, Economics and Real Estate at the NUS Business School.

Presented by: Audrey Siek & Ryan Huang
Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg)
Photo credits: pixabay & its talented community of contributors