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ST just provided some stats on this, sounds like average is 2-5% https://str.sg/b4M6
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but agreed feels like it's not enough :(
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Can barely offset with increment of around 2.5-3%. Better than nothing, so they say.
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The average yearly salary increment can vary widely depending on factors like industry, job role, location, and economic conditions. In many places, a typical annual raise might range from 3% to 5%. However, in times of high inflation or in competitive job markets, increments can be higher, sometimes reaching 6% or more.
If you're feeling that your raise isn't keeping up with inflation, it might be worth discussing your compensation with your employer or exploring opportunities in other companies. Have you had a chance to review your performance and how it aligns with salary benchmarks in your field?
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Man of the Hour
16 Oct 2024
Man at Man of the Hour
If you don't change jobs probably 5% on average.
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15-25% for changing jobs assuming your current ...
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Doesnt feel enough