As at 1st March 2019, the average salary adjustment among full-time employees is +5.1%. Below are the top 3 job functions with the highest salary increment rates:
As at 1st March 2019, these 3 job functions have the highest number of employees receiving a salary increment:
Overall, 58% of the workforce received a bonus this year. The average bonus size is 1.5 months. Employees from these 4 job functions received the largest bonuses:
More than 70% of employees from these 3 job functions received a double pay:
According to our survey, job switching may help you receive a better salary increment, but there is an optimal frequency of such moves.
Among the 483 respondents who started their first full-time jobs as early as 2009, those who never change jobs will only see a 6% annual pay rise on average. Conversely, those who changed jobs after 2009 received an over 11% annual pay rise on average. However, people who changed jobs at least five times during the same period would receive a less-than-average annual pay rise when compared with those who changed jobs three to four times.
Therefore, the saying that “You’ve got to jump to be successful!” holds some truth.
In the past 12 months, over 1/3 of the workforce resigned before securing a new job because: