This is one of the key findings in the Hays Asia Salary Guide 2019, a report that highlights salary and recruiting trends based on responses from Hays Asia operating markets Mainland China, Hong Kong, Japan, Malaysia, and Singapore.
“Employers looking to keep employee satisfaction levels on salary matters should, therefore, be more upfront about how the management reviews and distributes employees’ pay rises,” comments Grant Torrens, Regional Director at Hays Singapore.The Hays Salary Guide 2019 reveals that fewer companies are compensating employees through alternative means.
Singapore leads the way in Asia in offering health and wellness programmes to employees as an added benefit. While on an Asia-wide average, only a quarter of companies adopt such practices, nearly one in three Singaporean employers provide it.“For employees who do not feel that their compensation package matches up to their worth, we advise them to reach out to employers and request salary increases,” adds Grant.
In addition, 45 per cent of organisations in Hong Kong, 34 per cent in Singapore and 45 per cent in Malaysia grew salaries by three to six per cent, though these numbers are also down from 2018 levels. However, ten per cent of companies in Mainland China increased salaries by more than ten per cent.
Source: News Formal (newsformal.com)
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