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Salary Increases Decline in Asia Pacific after one year of economic turmoil

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Thu Oct 22 2009

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Employers throughout Asia Pacific continue to keep a tight rein on the purse strings in 2009, as salary increases remain at low levels, according to an Asia Pacific Salary Increase Survey conducted by Hewitt Associates (NYSE:HEW), a global human resources consulting and outsourcing firm. This trend looks likely to continue in 2010 as base salaries are projected to rise only slightly in most Asia Pacific markets.

The Hewitt 2009/2010 salary increase survey sees a dramatic decline in salary increase in the two prominent markets of China & India for the first time over the last five years. The 2009 actual salary increase rate went down by 4 percent and 8 percent respectively, which is also the lowest salary increases recorded since 2005.

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This year, there is no Asian market which experienced a double digit salary increase. India had the highest percentage pay rise in the region with the average overall salary increase at 6.3 percent. Indonesia ranks second, with the average overall salary increase at 6 percent, followed by China (4.5 percent) and the Philippines (4.3 percent).

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