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Salary Trends in 2023 & 2024: signs of recovery in local pay?

Published 29 November 2023

Find out how salary increase rates fared in major economies around the world.

UK workers forecast to receive 1.3% real salary increase next year: the first increase in four years

Published 25 October 2023

Businesses in the UK expect to repeat an historic 5% nominal pay increase in 2024

UK workers received the worst real salary decrease on record this year at -5.6 percent

Published 26 October 2022

Record real-terms salary decrease is a result of 9.1 percent annual average inflation, the highest in 40 years.

Hong Kong workers expected to see higher salary increase in 2023

Published 26 October 2022

Workers in Hong Kong are expected to receive a salary increase of 4% in 2023, 0.5% higher than 2022.

Workers in Singapore expected to see higher salary increase in 2023

Published 26 October 2022

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.

Hong Kong workers expected to see higher salary increase in 2024

Published 07 November 2023

Workers in Hong Kong are expected to receive a salary increase of 4.0% in 2024, the same as 2023.

Real salaries in Singapore expected to rebound in 2024 as inflation eases

Published 07 November 2023

Workers in Singapore are expected to receive a salary increase of 4.0% in nominal terms in 2024, consistent with the rate in 2023.

Salary Trends 2024-25: Local pay awards return to above-inflation levels

Published 12 December 2024

Global inflation has fallen, and widespread real-terms salary increases have finally returned.

Global real salary growth stabilises, but UK lags behind European peers

Published 29 October 2025

Global real wages are rebounding, with Asia Pacific leading growth, while the UK continues to lag behind much of Europe and the world, according to ECA's latest Salary Trends Report 2025-26.

Salary Trends 2025-26 – Local pay awards remain above inflation

Published 20 November 2025

Explore the key global pay shifts revealed in our latest Salary Trends report - and uncover what they mean for your mobility planning in 2026.