Stay up to date on the latest trends in pay awards for locally employed staff in the Asia-Pacific region.
Find out how salary increase rates fared in major economies around the world.
ECA provides an update on latest trends in pay awards for locally-employed staff in the Greater China region in 2023 and project trends for 2024. This webinar was delivered in Mandarin.
Businesses in the UK expect to repeat an historic 5% nominal pay increase in 2024
Record real-terms salary decrease is a result of 9.1 percent annual average inflation, the highest in 40 years.
Global inflation has fallen, and widespread real-terms salary increases have finally returned.
While workers in Singapore will see a salary increase of 3.8%, inflation will set salaries back by 1.7% in real terms this year.
Workers in Hong Kong are expected to receive a salary increase of 4% in 2023, 0.5% higher than 2022.
Workers in Hong Kong are expected to receive a salary increase of 4.0% in 2024, the same as 2023.