Despite global economic uncertainties, job prospects in Singapore are looking up, but are your salary increment prospects looking just as promising in 2024 and beyond? Before we delve deeper into the topic, it is good to note that there is a difference between "salary increment" and "pay raise", even though both are sometimes used interchangeably. In general, both refer to an increase in the amount of money an employee in Singapore earns, but salary increment typically refers to an increase in an employee's base average salary after annual performance reviews. Pay raises, on the other hand, can be given for various reasons, such as increase in cost of living in Singapore, merit-based performance, promotions, increased responsibilities, or market-driven competitive salaries. They are usually more immediate and given when the employer deems appropriate. In this article, we will take a closer look at the prospects of...