Singapore Wage Council Seeks Views for 2026-2027 Pay Guidelines as Real Wages Rose 4%
Updated
Updated · The Business Times · Aug 7
Singapore Wage Council Seeks Views for 2026-2027 Pay Guidelines as Real Wages Rose 4%
2 articles · Updated · The Business Times · Aug 7
Summary
Aug. 19 is the deadline for public feedback as Singapore’s National Wages Council prepares 2026-2027 salary and employment guidelines for release by end-October.
The council, which convenes on Aug. 19, will weigh competitiveness, labour-market conditions, inflation, productivity growth and the global economic outlook when setting the recommendations.
The guidelines will again include a recommended range of Progressive Wage growth for lower-wage workers under Singapore’s wage ladder tied to skills and productivity gains.
MOM said wage growth should stay positive, though firms are likely to be more measured on pay hikes amid global uncertainty and inflation pressures; real wages grew 4% in 2025 after 3.2% in 2024.
Despite a 4% real wage growth in 2025, could the lack of legislated retrenchment benefits leave Singaporean workers exposed to sudden economic shocks?
As mandatory wage floors rise for Singapore's lowest earners, will businesses absorb the costs or quietly eliminate jobs to survive economic uncertainties?