* 4.3% *
That is, if you believe the findings from a HR company’s survey of 232 multi-national and Singapore companies. It claims that that average base salaries for para-professionals, professionals, managers and executives in these companies are expected to rise by 4.3% on average next year. Given that the average headline inflation rate hovered around 7% in the first six months of 2008, and the Ministry and industry analysts forecast inflation to ease slightly in 2009.
Does that mean we should be expecting about 10% increase in nominal salary? Yeah, sure! And pigs can fly!
*Superporky*
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