Taiwan’s real salary increase to reach 3.1 percent for ‘08

Real salary increase is calculated by deducting the inflation rate from base salary increase.

The Asia Compensation Report, released Sept. 19 by the Hay Group, forecast that India will have the highest real salary increase, at 7.9 percent.

Other economies that are expected to have real salary increases higher than Taiwan’s are China (6.2 percent), Indonesia (5.6 percent), the Philippines (5.2 percent), Thailand (4.7 percent), Singapore (3.8 percent), South Korea (3.8 percent), Vietnam (3.4 percent) and Malaysia (3.3 percent).

The three Asia-Pacific economies with the lowest forecast real salary increases are Hong Kong (0.4 percent), New Zealand (1.7 percent) and Australia (2.6 percent).

Subscribe to The China Post and save 25%. Click here

SharePrintEmail

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

Submit

 Receive China Post promos
 Respond to this email