Indians to see a 10.8% rise in salaries in 2015
Employees in India will see a 10.8% increase in their paychecks the coming year, according to a study by compensation tracker Towers Watson. Neighbouring countries Pakistan, Bangladesh and Vietnam will see their firms roll out an 11% raise across sectors. In the '2014-15 Asia-Pacific Salary Budget Planning Report', the 2,900 sets of responses across 300 companies reveal that the Asia Pacific region will see an average of 7% increase in salaries. However, a looming inflation will be a dampener as the money taken home by the employee will be less than what the increment states. In that case, China tops the list with a real salary increase of 5.2% after allowing for inflation, with Pakistan (4.5%), Bangladesh (4.3%), Vietnam (4.1%) and Sri Lanka (3.8%) trailing. India drops down two places to No. 6 with a corresponding real increase of 3.5%. Japan, with a 0.6% raise, will see the smallest increase.
Read the Economic Times news report here.