1 in 4 Singapore employers plan to freeze salaries next year: Survey

SINGAPORE (THE BUSINESS TIMES) – About a quarter of organisations in Singapore plan to introduce or continue with salary freezes in 2021, a tad fewer than the 30 per cent that paused wage increments this year.

As for pay cuts, about 3 per cent of employers said they intend to implement them next year, compared with the 29 per cent who made salary reductions this year.

However, most employers are taking a wait-and-see approach, as they continue to tread with caution on salary increments while navigating the impact of the coronavirus pandemic.

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