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India to receive biggest salary hikes in 2010

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.
Feeling better after reading this.. 😁
Oh..! thats good.
Oh! Feeling good after reading !!!

Nice post thanks!!
hoping that i will also get good salary in 2011.....haha......

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vishnu priya
vishnu priya • Oct 22, 2009
Feeling really good reading it..
durga ch
durga ch • Oct 22, 2009
if only, the people who lost thier jobs are again offered jobs 😀
its not so good that few have nothing and few have excess of things!

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