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Real wages in Singapore are expected to decrease 2.7 per cent in
2012, according to a survey released by the Singapore Human Resources
Institute (SHRI) on Friday.
The basic wage increase in 2012 will average 4.1 per cent for the full year, similar to that for last year, while variable bonuses, excluding annual wage supplement (AWS) are expected to average 1.6 to 2.0 months this year, lower than the 2.2 months in 2011.
The wage increase and lower bonus this year means a total wage increase of only 1.5 per cent.
"With the consumer price index expected to increase by 4.2 per cent there will be a drop in real wages of around 2.7 per cent," said the SHRI.
The basic wage increase in 2012 will average 4.1 per cent for the full year, similar to that for last year, while variable bonuses, excluding annual wage supplement (AWS) are expected to average 1.6 to 2.0 months this year, lower than the 2.2 months in 2011.
The wage increase and lower bonus this year means a total wage increase of only 1.5 per cent.
"With the consumer price index expected to increase by 4.2 per cent there will be a drop in real wages of around 2.7 per cent," said the SHRI.
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