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SINGAPORE workers can look forward to an average pay hike of 4.迷你倉9 per cent this year, according to a survey of local employers.The report by global management consultancy Hay Group also found that companies will pay an average variable bonus of 2.4 months this year.The forecast for salary increases next year came in slightly lower at 4.4 per cent, with a variable bonus of 2.2 months.The survey covered 531 Singapore-based companies from the private and public sectors across more than 15 industries.Those working in the bank and insurance sector can expect the highest average salary increase of 5.7 per cent this year, the survey showed.This is followed by the oil and gas and high technology sectors, which will give out salary increases of 5.6 per cent and 5.5 per cent respectively.Next year, those working in the fast-moving consumer goods sector are likely to receive the largest pay hikes at 5 per cent, while both the oil and gas and industrial goods sectors will lay claim to second place at 4.7 per cent.The bank and insurance sector is expected to come in third, with average salaries forecast to go up by 4.5 per儲存cent, according to the survey.Mr Victor Chan, regional general manager for productised services at Hay Group, said: "Our analysis of pay trends in Singapore shows that 2014 is likely to turn out to be a reasonably good year as significant economic growth announced by the Ministry of Trade and Industry translates into fair increases in pay."Organisations can be creative about how they reward their employees by going beyond the cash component, said Mr Chan."It's about spending smarter, not more, and reviewing return on reward frequently to ensure the firm is getting more bang for their buck," he added.Mr Josh Goh, assistant director of corporate services at human resources firm The GMP Group, said an average salary increase of 3 to 5 per cent is expected next year - about the same as this year's growth rate.Employers will continue to pay a premium in industries - such as banking - where specialised skills are required, he said."Companies are competing with one another with the same pool of candidates. Candidates do know their market value and will be daring enough to ask for more," added Mr Goh.chiaym@sph.com.sgmini storage