A recent survey by Robert Walters Singapore reveals that 93% of employers have observed increased staff turnover or disengagement following delays in pay rises. The survey, which included nearly 200 professionals and employers, highlights the significant impact of monetary compensation on employee retention and engagement in Singapore.
The findings show that 45% of employers have either reduced or postponed pay rises, whilst 17% did not offer any pay increases this year. Consequently, 64% of employers noticed employee disengagement, and 29% reported higher turnover rates. Among professionals, 72% are actively seeking new jobs after not receiving their expected pay rise, and 58% of those who did receive a raise found it lower than anticipated. Furthermore, 92% of professionals feel underpaid compared to the market rate.
Kirsty Poltock, Country Manager at Robert Walters Singapore, commented on the financial pressures businesses face, stating, “Businesses are under immense pressure to keep costs down, and for many, salary increases just haven’t been feasible this year.” She emphasised the consequences of these decisions, noting the rise in turnover and drop in motivation.
The survey underscores a disconnect between employer decisions and employee expectations, with unmet expectations driving employees to explore new opportunities. Poltock advises employers to consider non-monetary perks such as career development and flexible working arrangements to retain talent. The Robert Walters 2025 Salary Survey offers insights into pay levels and hiring trends, aiding leaders in having transparent discussions about compensation.
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