askST Jobs: What is a good salary increment within the same company?

A good increment is not just about the percentage; it reflects increased responsibilities, capability and business impact. Read more at straitstimes.com.

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What is considered a good increment within the same company ultimately depends on three factors: market benchmarks, individual performance and the organisation’s overall health.

In Singapore, annual salary increments in steady economic conditions typically range between 3 per cent and 5 per cent.

An increment above that range may be considered strong, particularly if it exceeds inflation and reflects a consistent, measurable contribution, said Mr Foo See Yang, managing director and business group head of Persol Singapore.

However, a “good” increment should not be assessed by percentage alone, he added.

“It should reflect growth in responsibilities, capability and business impact... If an employee has taken on a broader scope, led strategic projects, delivered revenue growth, or acquired specialised skills that are in high demand, a higher salary adjustment would be justified,” said Mr Foo.