India to receive biggest salary hikes in 2010
The survey, which covered more than 2,000 local and joint-venture companies in the Asia-Pacific region, also states that 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.
Salaries barely grew at all in Hong Kong and Japan, this year as companies cut staff, reports Reuters. More than 60 percent of companies surveyed in Hong Kong, Japan and Singapore froze wage levels, compared with only 26.1 percent in India and 30.8 percent in China.
Next year, only six percent of companies in India and 8.3 percent in China expect to freeze pay compared with 12-14 percent of companies in Japan, Singapore, Hong Kong and Australia.