Despite the global economic crisis, India is expected to witness the highest salary increases of around 10.8 per cent this year among nations in the Asia Pacific region, due to the huge talent demand in the country, a study says.
According to the Salary Trends survey by global HR consultancy ECA International, the pay hikes in the Asia-Pacific region are expected to average at 4.8 per cent in 2009, which is a fall of 30 per cent from 6.9 per cent increases last year. The study revealed that the falling overall trend in pay hikes notwithstanding, some Asian countries, including India, Vietnam and Indonesia, may still see big increases in 2009.
Wage increases in India are expected to be the highest at 10.8 per cent, followed by Vietnam (10.6 per cent), the only location in the region where rises are still higher than last year, and Indonesia (9 per cent), the global HR consultancy ECA survey stated.
"There is still a huge demand for talent in India (that) is keeping pay increases high despite (the) current economic situation. While, in Vietnam and Indonesia persistently high levels of inflation are keeping increases up" said ECA Regional Director Asia, Lee Quane.
According to the Salary Trends survey by global HR consultancy ECA International, the pay hikes in the Asia-Pacific region are expected to average at 4.8 per cent in 2009, which is a fall of 30 per cent from 6.9 per cent increases last year. The study revealed that the falling overall trend in pay hikes notwithstanding, some Asian countries, including India, Vietnam and Indonesia, may still see big increases in 2009.
Wage increases in India are expected to be the highest at 10.8 per cent, followed by Vietnam (10.6 per cent), the only location in the region where rises are still higher than last year, and Indonesia (9 per cent), the global HR consultancy ECA survey stated.
"There is still a huge demand for talent in India (that) is keeping pay increases high despite (the) current economic situation. While, in Vietnam and Indonesia persistently high levels of inflation are keeping increases up" said ECA Regional Director Asia, Lee Quane.
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