5.9% pay hike forecast for Thailand
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Salaries in Thailand are expected to go up by 5.9 per cent in 2015, according to global consulting firm Mercer in its recently released annual labour market research.
This is despite the poor economic outlook in the country, with some economists foreseeing the growth rate below 3 per cent.
Across Asia Pacific, salaries are expected to increase by an average of 7.3 per cent in 2015. Regionally, wages in the Philippines are expected to rise by 6.5 per cent. Salaries in India and Vietnam are expected to increase by double-digits this year (10.8 per cent and 10.3 per cent, respectively), the highest levels in the region, followed by Indonesia (9.4 per cent), China (7.9 per cent) and the Philippines (6.5 per cent).
Other countries included in the study were Malaysia (5.7 per cent ), South Korea (4.9 per cent), Hong Kong (4.6 per cent), Singapore (4.1 per cent), Taiwan (3.9 per cent), Australia (3.5 per cent) and Japan (2.2 per cent).
