Aon runs the annual Salary Increase Survey in 132 countries across the globe. This year, 14,037 employers participated in the survey—including 4,150 organisations in Asia.
The 2018/2019 Annual Salary Increase Survey reports are now available for purchase.
Key Features
-
Compelling source of information for global budget planning and understanding local compensation practices
-
Budgets reported by industry, revenue, and number of employees for all levels
-
Discover trends on salary structure and promotional increases, including real wage growth (referring to salary increase rate adjusted for inflation rate)
-
Understand variable compensation design trends and spending, pay delivery management strategies, retention, and turnover ratios
-
Find how you can develop effective pay for performance strategies for your top performers
Types of Data Collected
-
Overall, merit, mandatory, and general salary increase budget
-
Mandatory merit increases granted
-
Salary structure and promotional increases
-
Overall compensation practices, including pay delivery management, retention practices, turnover, HR budgets, and variable pay spending
Highlights
-
Singapore: Salary increase rates are expected to come from sectors that are more labour-intensive. In the financial industry, for example, recruitment is higher than resignation and could push up wages as employees seek higher pay by switching companies or jobs. As a result, real wage growth of 2.0% in 2018 is expected to rise to 2.9% in 2019.
-
Malaysia: The new government’s economic policies and oil prices will have a big impact on GDP growth rate as well as Malaysia’s attractiveness as an investment destination. This is expected to drive salary increase rates up, from a real wage growth of 2.1% in 2018 to 2.8% next year.
-
Thailand: As a key manufacturing base for Asia, Thailand still remains competitive in terms of labour cost and will continue to experience robust salary increases with real wage growth of about 3.7%.
-
Vietnam: With a population of nearly 100 million people, Vietnam is a ‘magnet’ for foreign manufacturing investments as labour supply remains cheap. The market saw a real wage growth of 3.6%, partly due to increases in minimum wage set by Vietnam’s National Wage Council.
|
Type of Package
|
Description
|
Price Before Applicable Taxes (USD)
|
|
Standard
|
Full Country Report Covering All Participating Companies
|
500 per country
|
|
Select
|
Standard Report + 1 Peer Group Selection
|
800 per country
|
|
Bundle 1
|
Standard Report for 3 Countries Or More
|
400 per country
|
|
Bundle 2
|
Select Report for 3 Countries Or More
|
640 per country
|
