4.3 percent Wage Hike...reallie...??

Retrenchment, recession have been the buzzwords lately.. so the latest Mercer study is raising eyebrows. According to the global survey on the 232 multi-national and singapore companies, the average base salaries for para-professionals, professionals, managers and executives are expected to rise by 4.3 percent on average next year. The survey showed that the companies' input shows the economic crisis has not softened the Singapore market. Companies are still willing to invest in people and talent that is hard to find. However this view doesn't really square with the current climate of job cuts. The question to ask however is not how tough the economic conditions will be but how long is this condition going to last?