Will India top in salary growth by 2010?
Companies in Asia are set to offer bigger pay rises next year as the region continues to rebound from global recession, notably in India where base salary levels are poised to jump nearly 10 percent, a survey showed on Wednesday.
Salaries -- or annual guaranteed pay -- this year in Asia's fast-growing economic powerhouses China and India, at 4.5 percent and 6.3 percent respectively, were the lowest since 2005, Hewitt said.
Overall average Projected salary increase salary increase
2009 (pct) 2010 (pct)
India 6.3 9.2
Indonesia 6.0 8.7
China 4.5 6.7
Philippines 4.3 6.4
Malaysia 4.1 5.2
Thailand 3.4 4.7
Korea 2.7 5.1
Macau 2.6 2.5
Australia 2.1 3.4
New Zealand 2.1 3.1
Taiwan 1.8 3.1
Singapore 1.8 2.6
Hong Kong 1.4 2.9
Japan 1.2 2.1
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