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India to receive biggest salary hikes in 2010

Question asked by mahesh_dahale in #Coffee Room on Oct 21, 2009
mahesh_dahale
mahesh_dahale 路 Oct 21, 2009
Rank B2 - LEADER
Hong Kong: 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. According to a survey by Hewitt Associates, salaries in Indonesia and China will also surge, by 8.7 percent and 6.7 percent respectively, whereas workers in Japan can expect a paltry 2.1 percent pay rise.



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. Posted in: #Coffee Room
Anil Jain
Anil Jain 路 Oct 21, 2009
Rank A2 - PRO
Feeling better after reading this.. 馃榿
Sahithi Pallavi
Sahithi Pallavi 路 Oct 22, 2009
Rank A2 - PRO
Oh..! thats good.
Saandeep Sreerambatla
Saandeep Sreerambatla 路 Oct 22, 2009
Rank A2 - PRO
Oh! Feeling good after reading !!!

Nice post thanks!!
yadavundertaker mohit
yadavundertaker mohit 路 Oct 22, 2009
Rank B2 - LEADER
hoping that i will also get good salary in 2011.....haha......



To err is human, but the one who rectifies is a champion.

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vishnu priya
vishnu priya 路 Oct 22, 2009
Rank B2 - LEADER
Feeling really good reading it..
durga ch
durga ch 路 Oct 22, 2009
Rank A2 - PRO
if only, the people who lost thier jobs are again offered jobs 馃榾
its not so good that few have nothing and few have excess of things!

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