Asia Expected to See Highest Real Wage Growth in 2017

Asia , Employment & Industry Trends Jan 23, 2017 No Comments

According to HRM Asia, Asia is expected to see the highest real wage growth increase in 2017. In case you’re unsure what ‘real wage’ is, it refers to wages that are adjusted for inflation.

Globally, the real wage increases are forecast at 2.3%, a slight decrease from last year’s reported prediction of 2.7%. While real wages in Asia are forecast to increase by 4.3%, the highest globally.

The largest real wage increases projections are:

  • Vietnam 7.2%
  • Thailand 5.6%
  • Indonesia 4.9%
  • India 4.8%

Despite Singapore’s negative economic outlook, 75% of employers are reportedly still likely to implement salary increments this year. The median base salary movement is forecast to be at 4% in 2017.

China is expected to experience the biggest drop in Asia as real wage increases are predicted to be 4%, a 2.5% decrease from last year’s 6.5%. This reflects the country’s weaker economic outlook for 2017.

Check out the full article for more information on real wage growth in Asia.


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Mary Anne Thompson

Mary Anne Thompson founded GoinGlobal, Inc. more than two decades ago as a result of her own experiences job hunting in Sweden. She believes that to uncover the real job opportunities, you need the experience and personal insights of trained local specialists. Mary Anne continues to be an active CEO who shares her strategies and insights directly with clients to help them strategically maximize GoinGlobal’s unique resources.

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