Lanka tops salary hike chart

Sri Lanka tops the projected salary increases at 17 per cent in pay hikes followed by India at 16 per cent, Indonesia at 12.7 per cent, Vietnam at 12.4 per cent, Bangladesh at 11.9 per cent and Pakistan at 11.1 per cent, it emerged yesterday.

China emerges seventh with a projected salary hike of 11 per cent, trailed by Cambodia at 9.8 per cent, the Philippines at 9 per cent, South Korea at 8 per cent, Thailand at 7.5 per cent and Malaysia at 7 per cent, HR Business Solutions said.

Pay is expected to increase by a median 8 per cent in 2009 against a median increase of 6.7 per cent in 2008, according to HR Business Solutions.

Pay hikes among more developed countries including Taiwan, Japan, Australia, New Zealand and Singapore are forecast at between 3.5-5.9 per cent, the firm said.

With the biggest salary leap expected in Sri Lanka, the report said that companies are hiring.

Bangkok Post