Challenges faced by Asia Pacific employers as salaries continue to grow

SINGAPORE (Oct 2): For the first time since 2014, salary increases across 17 markets in Asia Pacific saw a mild 0.1% y-o-y rebound this year, according to the latest Salary budget Planning Survey Report (Q3) by Willis Towers Watson.  

In a press release on Tuesday, the global advisory firm says it expects the gentle upward trend to continue through 2019 due to the region’s realistic outlook for business results this year, with 60% of those surveyed expecting their company performance this year to be in line with that of 2017.

On average, 16.8% of participants said their salary increase budget is being allocated to top performance, i.e. 12.8% of employees across the region, implying that $1.44 is allocated to a top performer for every dollar allocated to an average or below-average performer.

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