Mercer 2010 forecast of salary increase

Any readers who are from pharmaceutical industry care to share their comment about the projected salary increase of 4.1%? (Higher than the average of 3.2%!)

Projected figures from Mercer Singapore:
- Pharmaceutical: 4.1 per cent
- High-tech: 3.3 per cent
- Aerospace: 3.2 per cent
- Consumer goods: 3.1 per cent
- Banking and finance: 3.1 per cent
- Chemical: 2.9 per cent
- Property: 2.6 per cent

With the recession over, the question among workers now is how well companies will pay them next year.

On Friday, human resource consultancy Mercer Singapore threw its hat in the ring with a forecast of a 3.2 per cent rise in salaries.

It is the rosiest projection among at least four companies that have recently given their forecasts for next year.

Mercer based its projection on its survey, done in October, of 262 companies in 11 industries.

Expected to give top dollars are pharmaceuticals, which plan to hand out 4.1 per cent more, and high-tech companies, at 3.3 per cent more.

The banking and finance industry plans to give a 3.1 per cent pay rise, a quick rebound over this year's average increment of less than 1.5 per cent.

From Straits Times, "Expect 3.2% pay rise".

WITH the recession over, the question among workers now is how well companies will pay them next year.

On Thursday, human resource consultancy Mercer Singapore threw its hat in the ring with a forecast of a 3.2 per cent rise in salaries.

It is the rosiest projection among at least four companies that have recently given their forecasts for next year.

Mercer based its projection on its survey, done in October, of 262 companies in 11 industries.

Expected to give top dollars are pharmaceutical, which plans to hand out 4.1 per cent more, and high-tech companies, at 3.3 per cent more. The banking and finance industry plans to give a 3.1 per cent pay rise, a quick rebound over this year's average increment of less than 1.5 per cent.

Only 15 per cent of the companies intend to freeze salaries next year, compared with 35 per cent that did so this year.

From Straits Times, "Rosy salary rise projections".

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