Other than banking and insurance, most industries are forecast to increase pay in 2018. In 2018, the highest salary increases are forecast for Bangladesh (10%), India (9.8%) and Vietnam (9.1%). Real wage growth (salary increase minus inflation rate) has been steadily rising in the region, reaching double digits in emerging markets. A high level of pay increases will continue to be used as a retention tool for high-performing talent." While salaries are expected to rise in most industries, salary increases will be especially strong in life sciences, high technology, automotive and consumer goods.

Source: Bangkok Post December 05, 2017 00:11 UTC