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Highlights

  • ECA's Salary Trends Survey is based on information collected from over 360 multinational companies in 68 countries and cities
  • India's neighbours Pakistan and Sri Lanka are placed bottom in this list

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Indians to have better salary hike in 2023 than other countries; here's the full list

UK employees suffered their biggest hit this year, since the survey kicked off in 2000 

Updated: Sep 02, 2022 10:53
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Editorji News Desk

Indians to have better salary hike in 2023 than other countries; here's the full list

While soaring inflation is set to put a major dent in salary increases for the second year running in 2023, Asian nations make up eight of the top 10 countries forecast to see real salaries rise, led by India, up 4.6%, Vietnam rising 4.0% and China up 3.8%.

The worst-hit region is likely to be Europe, where real salaries — nominal wage growth minus the rate of inflation — are seen being driven down an average 1.5%, according to workforce consultancy ECA International.

India's neighbours Pakistan and Sri Lanka are placed bottom in this list whereas Brazil’s 3.4% increase and Saudi Arabia’s 2.3% bump round out the top five.

In the United States, the real salaries drop of 4.5 per cent this year is set to be reversed by drop in inflation next year, leading to a 1 per cent real term salary hike.

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