KUALA LUMPUR: Malaysia will see a 3.2 per cent real wage growth in 2018, an increase from the 1.3 per cent average salary increase recorded in 2017, a forecast issued by the Hay Group division of Korn Ferry revealed. Inflation-adjusted real wage increases are expected to be 2.8 per cent – the highest globally, but down from 4.3 per cent last year. China remained consistent with real wage increases predicted at 4.2 per cent for 2018, compared to four per cent last year. “With inflation rising in most parts of the world, we’re seeing a cut in real wage increases across the globe,” said Korn Ferry Global Head of Rewards and Benefits Solutions Bob Wesselkamper. It shows predicted salary increases, as forecasted by global HR departments, for 2018 and compares them to predictions made at this time last year regarding 2017.

Source: New Strait Times December 19, 2017 03:56 UTC