Singapore Sees Dip in Private-Sector Wages

Total wages in Singapore's private sector decreased by 0.4% in 2009 as a result of smaller bonuses given during the recession, says the Straits Times.

 

While basic wages climbed by 1.3% for the year, it was substantially lower than the 4.4% increase the previous year, notes the Times, citing the "Report on Wages in Singapore 2009" released by the Ministry of Manpower's Research and Statistics Department.

 

The Times further reveals that the report found that wage changes were commensurate to the bottomline of companies. The more profitable private firms gave wage increases of up to 1.9% while loss-making firms slashed wages by up up to 3.9%.

 

The monthly gross wages in Singapore range from the lowest at S$1,000 (cleaners and labourers) to highest at S$6,300 (managers).
 

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