SINGAPORE: On the back of the Ministry of Manpower’s announcement this week that the actual wage growth in Singapore has been at a low level in the past few years, with an increase of only 0.4% in the past two years, a human resource expert has warned that companies may tighten employee salaries amidst geopolitical tensions.
The current global economic landscape, marked by uncertainties such as geopolitical conflicts and the ongoing impact of climate change, is influencing corporate decisions on wage adjustments. .
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