MOM report shows wage growth slowing in 2023
02:32 Min
Wage growth in Singapore slowed in 2023, with more firms cutting pay as bonuses were slashed. Figures from the Manpower Ministry's latest report show nominal wages increasing 5.2 per cent in 2023, lower than the 6.5 per cent the year before. Nadirah Zaidi reports.
25 Jun 2024 10:24pm
Wage growth in Singapore slowed in 2023, with more firms cutting pay as bonuses were slashed. Figures from the Manpower Ministry's latest report show nominal wages increasing 5.2 per cent in 2023, lower than the 6.5 per cent the year before. Nadirah Zaidi reports.
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