According to the recently released Michael Page Salary Guide 2026, salary increases in Singapore are anticipated to range from 3% to 6% across various sectors. The report highlights that certain industries may offer even higher increments, particularly for roles in high demand.
In sectors such as Healthcare & Life Sciences and Engineering & Manufacturing, professionals could see pay raises between 10% and 25%. Meanwhile, areas like Sales and Banking & Financial Services are projected to offer increases of up to 20% and 15% respectively. The report also emphasizes that roles in Digital and Marketing are likely to see increments ranging from 10% to 12%.
Specific job functions, such as Compliance and Risk Management, are expected to yield higher salary ranges, reflecting the ongoing competition for talent in these fields. As businesses navigate labor market dynamics, the demand for skilled professionals remains a crucial factor influencing compensation structures.