Salary hikes for Indians this year have been predicted to be the highest in the world. “Indian workers are set to receive the highest raise, with companies forecasting annual salary hike of 12 per cent resulting in real wage increase of seven per cent once inflation has been taken into consideration,” a latest survey by ECA International — the world’s largest membership organisation for international human resources professionals — said.
In terms of real wage increase in 2007, India topped the chart of the 45 countries under the survey, including Indonesia and China, it added. Real wage increase is defined as a worker's actual annual salary hike after inflation is taken into account.
Out of the 45 countries in the survey, the five highest real salary hike for 2007 are all expected in Asia. Indonesians, along with the mainland Chinese, are expected to benefit from real wage rise of about 6 per cent, while Philippines and Thailand, will post a hike of 4 per cent each. Vietnam was expected to get the lowest real wage increases in Asia.