Article posted 2006;
Nice try but no cigar. How many unions are up & running in IT companies in 2010? Haven't heard of a single case.What the heck do you expect union leaders to say?
India to top Asia salary growth in 2010 - survey
HONG KONG | Wed Oct 21, 2009 2:14pm IST
(Reuters) - Companies in Asia are set to offer bigger pay rises next year as the region continues to rebound from global recession,
notably in India where base salary levels are poised to jump nearly 10 percent, a survey showed on Wednesday.
Salaries in Indonesia and China will also surge, by 8.7 percent and 6.7 percent respectively, whereas workers in Japan can expect a paltry 2.1 percent pay rise, according to the survey by Hewitt Associates. The survey covered more than 2,000 local and joint-venture companies in the Asia-Pacific region.
Salaries -- or annual guaranteed pay -- this year in Asia's fast-growing economic powerhouses China and India, at 4.5 percent and 6.3 percent respectively, were the lowest since 2005, Hewitt said.
Salaries barely grew at all in Hong Kong and Japan, this year as companies cut staff. More than 60 percent of companies surveyed in Hong Kong, Japan and Singapore froze wage levels, compared with only 26.1 percent in India and 30.8 percent in China.
Next year, only 6 percent of companies in India and 8.3 percent in China expect to freeze pay compared with 12-14 percent of companies in Japan, Singapore, Hong Kong and Australia.
Overall average Projected
salary increase salary increase
2009 (pct) 2010 (pct)
India 6.3 9.2
Indonesia 6.0 8.7
China 4.5 6.7
Philippines 4.3 6.4
Malaysia 4.1 5.2
Thailand 3.4 4.7
Korea 2.7 5.1
Macau 2.6 2.5
Australia 2.1 3.4
New Zealand 2.1 3.1
Taiwan 1.8 3.1
Singapore 1.8 2.6
Hong Kong 1.4 2.9
Japan 1.2 2.1
(Reporting by Susan Fenton; Editing by Ken Wills)
(For more news on Reuters Money visit
Reuters Business & Finance - Business News India, latest financial news, Finance Business Headlines, India)
Notice which country does not even get a mention. That must really eat up your insides. No wonder you feel a need to write what you do.