{"id":8495,"date":"2023-05-29T20:54:34","date_gmt":"2023-05-29T12:54:34","guid":{"rendered":"https:\/\/daily.sg\/?p=8495"},"modified":"2023-05-29T20:54:35","modified_gmt":"2023-05-29T12:54:35","slug":"singapore-wage-changes-2022-are-you-being-short-changed","status":"publish","type":"post","link":"https:\/\/daily.sg\/2023\/05\/singapore-wage-changes-2022-are-you-being-short-changed\/","title":{"rendered":"Singapore Wage Changes in 2022 &#8211; Are You Being Short-changed?"},"content":{"rendered":"\n<ul>\n<li><strong>The Ministry of Manpower&#8217;s survey revealed that total wage change for private sector workers in Singapore increased by approximately 6.5% in 2022, with a 5.1% change in basic wage.<\/strong><\/li>\n\n\n\n<li><strong>The survey also highlighted a rising trend towards a flexible wage system with 88.6% of establishments adopting this approach and 80.6% of employees benefiting from it.<\/strong><\/li>\n\n\n\n<li><strong>The Annual Variable Component bonus was estimated at 1.93 months for the year 2022.<\/strong><\/li>\n<\/ul>\n\n\n\n<p>I heard you all want to know about these wage changes in 2022. <\/p>\n\n\n\n<p>Well, it seems like some people at the Ministry of Manpower did this fancy survey, right? <\/p>\n\n\n\n<p>Then&#8230; wah lau eh, they found out that the <strong>total wage change for private sector workers<\/strong> with at least 10 employees was about <strong>6.5%<\/strong>! <\/p>\n\n\n\n<p>You know what that means? It means people&#8217;s salaries are growing, bro!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The Ministry of Manpower Do Some Survey Work<\/h2>\n\n\n\n<p>Don&#8217;t play play ah, these guys real serious. <\/p>\n\n\n\n<p>They got 85.3% response rate one, you know? <\/p>\n\n\n\n<p>They collect all sorts of info, like basic wage change, Annual Wage Supplement (AWS), and Variable Bonus (VB) for the private sector workers in 2022. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How Much Your Basic Wage Change, Ah?<\/h2>\n\n\n\n<p>Like one bag of kopi-o kosong, these findings are super simple.<\/p>\n\n\n\n<p><strong>Basic wage change was around 5.1%<\/strong>, with a 95% confidence interval (don&#8217;t ask me what this means lah) that your basic wage change could be between 5.0% and 5.2%. <\/p>\n\n\n\n<p>Not too shabby, eh? <\/p>\n\n\n\n<p><strong>Annual Variable Component bonus<\/strong> was estimated to be like, 1.93 months.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Flexible Wage System Is the Way, Bro<\/h2>\n\n\n\n<p>More and more companies also hopping on the flexible wage system bandwagon sia, with 88.6% of establishments adopting it, and 80.6% of employees enjoying the ride.<\/p>\n\n\n\n<p>What do you think about these wage changes? <\/p>\n\n\n\n<p>Leave your *poweful* thoughts below. Don&#8217;t be shy!<\/p>\n\n\n\n<p><em><b>Source<\/b>: Source: <a href=\"https:\/\/stats.mom.gov.sg\/iMAS_PdfLibrary\/mrsd-report-on-wage-practices-2022.pdf\" target=\"_blank\" rel=\"noopener\" title=\"\">Report On Wage Practices 2022<\/a>, Manpower Research and Statistics Department, MOM<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Explore the 2022 Wage Changes Survey results: uncover insights on average basic wage, Annual Wage Supplement, and Variable Bonus in the private sector!<\/p>\n","protected":false},"author":8,"featured_media":8505,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[15,437],"tags":[1026,1027,32,1025],"_links":{"self":[{"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/posts\/8495"}],"collection":[{"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/comments?post=8495"}],"version-history":[{"count":5,"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/posts\/8495\/revisions"}],"predecessor-version":[{"id":8508,"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/posts\/8495\/revisions\/8508"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/media\/8505"}],"wp:attachment":[{"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/media?parent=8495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/categories?post=8495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/tags?post=8495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}