Annual inflation 4.5%. Annual increment 5%....WTF?!!!

[local dude]

I work in a global IT co. where they have a rule that the annual increment will not exceed 5% of the basic. Taking into consideration the annual inflation rate, the salary is actually stagnant. Yet when they hire new recruits, they hire them at market rates which is considerably higher than what more experienced people are currently getting. Is it similar in other industries? Or am i working for a cheap company?

[HR Guy]

Your working for a cheap company. I'm an an MNC and we just announced 12% increments for Singapore.

[cheaper company]

Im working for an Aussie company and its 4% if you are lucky many didnt get anything

[Gissa Job]

Your working for a cheap company. I'm an an MNC and we just announced 12% increments for Singapore.

Other than performance related increments, our company have not awarded over 5% across the board for at least the last 10 years.

12% across the board?  Incredible.  Where do I send the CV?

[HR Guy]

12% is the standard increment this year for those meeting their performance standards. It's not guaranteed across the board so poor performers much less if anything, good performers higher. Our organisation has recognised the market!

[12%increment]

I'm working in a British MNC located at Harbourfront. Company not been doing well due to problems/legal suits at USA and CEO forced to resign etc..   They are looking at 4% for high performers. 12% ? I wanna join ...