Magazine article Workforce

Asian Managers' Salaries Continue on the Upswing

Magazine article Workforce

Asian Managers' Salaries Continue on the Upswing

Article excerpt

Upcoming salary increases in 1998 should keep managers at Asian companies well ahead of cost-of-living inflation in their home countries, according to the "1998 Global Compensation Planning Report" prepared by William M. Mercer Companies Inc. based in New York City. The report indicates:

* Next year's salary increases in Singapore are likely to be up to 9 percent, well ahead of the inflation rate of 2 percent or less. Increases for managers in Thailand should approximate 11 percent, keeping them comfortably ahead of an expected inflation rate of 5 percent or less.

Salary increases in South Korea, projected to be as high as 10 percent, will be more than double the expected rate of inflation in that country (just below j percent).

Increases in China are expected to be as high as 22 percent in comparison to an inflation rate of approximately 13 percent. Salarv increases in India are forecast to be 25 percent vs. an inflation rate of 10 percent.

In the Philippines, salary increases are projected to be 14 percent, compared with a 7 percent rate of inflation. …

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