Survey shows Singapore workers doubt pay raises for 2025 while job hoppers expect significant increases

A recent survey by Robert Walters shows that over half of Singapore workers staying in their jobs are pessimistic about salary increases in 2024, expecting modest raises of 2% to 5%. Many view these increases as adjustments for inflation. In contrast, job seekers anticipate larger pay hikes of 12% to 15%, with those in high-demand fields like AI expecting up to 20%. This reflects increased competition for talent in specialized industries. The survey also reveals that over 80% of job seekers prioritize flexible working hours. Employers face challenges in recruitment due to high salary expectations and a shortage of qualified candidates, emphasizing the need for competitive compensation and employee well-being initiatives.