India to have highest salary increase in Asia Pacific in 2017

  |   India News

India and Vietnam will have the highest salary increases next year with a projected rise of 10.8 per cent and 9.2 per cent respectively among Asia Pacific's emerging economies, according to a report by a global consulting firm.

Japan is forecast to receive the lowest increase of 2.2 per cent, followed by New Zealand 2.8 per cent and Australia 2.9 per cent, said the report based on Mercer's Annual Total Remuneration Survey (TRS), and its bi-annual Market Pulse Surveys.

"Changing business models and restructuring in the financial services has meant that the sector may not be hiring at rates seen in the last three years, but we continue to see highest level of pay increases as retaining high-performing talent has become even more critical," he said.

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