According to a new analysis by the Hay Group division of Korn Ferry, India’s salary growth stood at 0.2% in real terms, with a GDP gain of 63.8% over the same period. During the period under review, China, Indonesia and Mexico had the largest real salary growth at 10.6%, 9.3% and 8.9%, respectively. Meanwhile, some other emerging markets including Turkey, Argentina, Russia and Brazil had the worst real salary growth at (-) 34.4%, (-) 18.6%, (-) 17.1% and (-) 15.3%, respectively. This has led to poor job growth, therefore an oversupply of un/semi-skilled people, and poor wage growth,” Frost said. Canada’s salary recovery is the best among developed nations, with a 7.2% salary growth on average, with a GDP gain of 11.2%.

Source: Mint September 15, 2016 12:56 UTC