Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 335

Asian nations continue to lead the way, as Indian employees receive highest pay increase in the world

Posted by fidest press agency su venerdì, 15 novembre 2019

Asian nations continue to dominate the global top twenty highest real wage increases in the forecast for 2020; 13 of the top twenty, and all but one of the top ten, are Asian countries.India tops the rankings for 2020, where employees are forecast to receive a 5.4 percent real salary increase, nearly five times the real forecasted salary increase percentage for employees in the UK.Kilfedder said “Once again, the vast majority of the highest real salary increases in the world are predicted to be seen in Asia. The average salary increase in the APAC region after inflation is forecast to be 3.2%, significantly higher than the global average of 1.4% and nearly three times the European average of 1.1%. This is a trend that we have seen for many years now due to low inflation and rising productivity in many Asian economies, resulting in salaries growing rapidly compared to other regions.”Higher inflation leaves employees in the Americas facing low pay increases. Employees in the United States are forecast to receive a real salary increase of 0.7 percent, falling below the average real salary increase in the Americas which is predicted to be 1.4 percent. A forecasted increase in inflation of 0.5 percent means US employees will receive 0.4 percent less than their UK counterparts, despite the same nominal salary increase of 3 percent being forecasted for 2020. (font: ECA International


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