03 Jan '12, 12am

Lower pay increases expected this year as employers get cautious

Lower pay increases expected this year as employers get cautious

-- PHOTOS: ST FILE, ALPHONSUS CHERN By Ng Kai Ling The looming economic uncertainty has made employers more cautious, but workers can still expect a pay rise this year. Economists and human resource consultants estimate that the average nominal wage increment, not taking into account inflation, will be about 4 per cent this year - a dip from last year's 6 per cent. Inflation is expected to be between 2.5 per cent and 3.5 per cent this year. Background story MUTUAL UNDERSTANDING 'The relationship between employers and their workers should be such that during good times workers are rewarded, and during bad times they understand that wages will stagnate. After all, employees also do not want their companies to get into financial trouble.' MP Zainudin Nordin, who chairs the Government Parliamentary Committee for Manpower FACTOR IN INFLATION 'Any increment should take into acco...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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