The Big Story: Will Singapore’s pay rises and bonuses meet your expectations in 2026?

As 2026 approaches, Singapore employees can expect moderate salary increases averaging 3 to 6 percent, as companies take a cautious approach amid ongoing economic uncertainty. According to a survey by ManpowerGroup and other HR firms, bonuses are also moderating, with more employers offering just one month or smaller payouts. Job switchers, however, can expect higher increases of 5 to 15 percent. On The Big Story, Hongbin Jeong spoke with Dr Ee Cheng Ong, Associate Professor, Department of Economics at NUS to find out which sectors are benefiting most from these salary trends and how companies are deciding where to allocate higher pay increases. See omnystudio.com/listener for privacy information.