Indians set for highest pay hike in 2007

Feb 08, 2007 The Workplace

Asian workers are set to receive the highest salary increases in the world in 2007, according to a survey by ECA International.

It is good news for Asians as “real” salary increases are forecast to be 50% higher in 2007 than in 2006, and are well above the global average, according to ECA International’s Salary Trends Survey 2006/2007.

The survey, conducted annually by ECA International, the world’s largest membership organization for international human resources professionals, establishes actual and predicted salary increases in local markets around the world. It is used by multinational organisations to help them determine future wage increases at home and in other markets.

Real salary increases – a worker’s actual annual salary increase after inflation is taken into account -in Singapore this year are expected to be approximately 2.8%, on average. This is below the regional average, but still nearly double the real wage increases expected in Hong Kong and higher than those afforded to Singaporeans in 2006.